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10-Q Filing

STERLING REAL ESTATE TRUST CIK: 1412502 Q3 2016
Filing Information
Form Type 10-Q
Accession Number 0001558370-16-009632
Period End Date 20160930
Filing Date 20161108
Fiscal Year 2016
Fiscal Period Q3
XBRL Instance sret-20160930.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Accumulated amortization on financing and lease cost AccumulatedAmortizationDeferredFinanceAndLeaseCosts $1.36M USD Point-in-time
Accumulated amortization on financing and lease cost AccumulatedAmortizationDeferredFinanceAndLeaseCosts $1.63M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $9.99M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $7.66M USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $612.08M USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $594.51M USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $1.04M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.46M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.16M USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $803.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $643.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.52M USD Point-in-time
Restricted deposits and funded reserves RestrictedCashAndCashEquivalents $6.12M USD Point-in-time
Restricted deposits and funded reserves RestrictedCashAndCashEquivalents $6.99M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $8.77M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $9.02M USD Point-in-time
Due from related party DueFromRelatedParties $60.00K USD Point-in-time
Receivables AccountsReceivableNet $4.08M USD Point-in-time
Receivables AccountsReceivableNet $3.43M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $844.00K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $777.00K USD Point-in-time
Notes receivable NotesReceivableGross $651.00K USD Point-in-time
Notes receivable NotesReceivableGross $668.00K USD Point-in-time
Financing and lease costs, less accumulated amortization of $1,633 in 2016 and $1,356 in 2015 DeferredCostsCurrentAndNoncurrent $1.03M USD Point-in-time
Financing and lease costs, less accumulated amortization of $1,633 in 2016 and $1,356 in 2015 DeferredCostsCurrentAndNoncurrent $1.24M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperation $1.72M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperation $2.47M USD Point-in-time
Intangible assets, less accumulated amortization of $9,991 in 2016 and $7,655 in 2015 IntangibleAssetsNetExcludingGoodwill $18.18M USD Point-in-time
Intangible assets, less accumulated amortization of $9,991 in 2016 and $7,655 in 2015 IntangibleAssetsNetExcludingGoodwill $16.63M USD Point-in-time
Other assets OtherAssets $5.00K USD Point-in-time
Other assets OtherAssets $140.00K USD Point-in-time
Total Assets Assets $642.38M USD Point-in-time
Total Assets Assets $669.66M USD Point-in-time
Mortgage notes payable, net NotesPayable $379.91M USD Point-in-time
Mortgage notes payable, net NotesPayable $393.80M USD Point-in-time
Lines of credit LineOfCredit - USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.66M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.67M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $5.32M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $5.80M USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $440.00K USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $1.07M USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $3.76M USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $3.83M USD Point-in-time
Subordinated debt SubordinatedDebt $225.00K USD Point-in-time
Subordinated debt SubordinatedDebt $200.00K USD Point-in-time
Lease intangible liabilities, less accumulated amortization of $1,045 in 2016 and $803 in 2015 OffMarketLeaseUnfavorable $2.25M USD Point-in-time
Lease intangible liabilities, less accumulated amortization of $1,045 in 2016 and $803 in 2015 OffMarketLeaseUnfavorable $2.15M USD Point-in-time
Accounts payable-trade AccountsPayableTradeCurrentAndNoncurrent $454.00K USD Point-in-time
Accounts payable-trade AccountsPayableTradeCurrentAndNoncurrent $819.00K USD Point-in-time
Retainage payable RetentionPayable $217.00K USD Point-in-time
Retainage payable RetentionPayable $6.00K USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation $659.00K USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation $149.00K USD Point-in-time
Fair value of interest rate swaps InterestRateDerivativeLiabilitiesAtFairValue $191.00K USD Point-in-time
Fair value of interest rate swaps InterestRateDerivativeLiabilitiesAtFairValue $219.00K USD Point-in-time
Deferred insurance proceeds DeferredInsuranceProceeds $165.00K USD Point-in-time
Deferred insurance proceeds DeferredInsuranceProceeds $69.00K USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrentAndNoncurrent $7.65M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrentAndNoncurrent $6.63M USD Point-in-time
Total Liabilities Liabilities $417.38M USD Point-in-time
Total Liabilities Liabilities $401.95M USD Point-in-time
COMMITMENTS and CONTINGENCIES - Note 17 CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS and CONTINGENCIES - Note 17 CommitmentsAndContingencies - USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $165.02M USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $154.81M USD Point-in-time
Noncontrolling interest in partially owned properties MinorityInterestInPartiallyOwnedProperties $4.04M USD Point-in-time
Noncontrolling interest in partially owned properties MinorityInterestInPartiallyOwnedProperties $4.54M USD Point-in-time
Beneficial interest StockholdersEquityAttributableToParentBeneficialInterest $81.30M USD Point-in-time
Beneficial interest StockholdersEquityAttributableToParentBeneficialInterest $83.42M USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-219.00K USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-191.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $240.43M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $252.28M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $669.66M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $642.38M USD Point-in-time
Income Statement 140 line items
Line Item Tag Value Unit Period
Real estate rental income OperatingLeasesIncomeStatementMinimumLeaseRevenue $76.08M USD 3 Qtrs
Real estate rental income OperatingLeasesIncomeStatementMinimumLeaseRevenue $23.64M USD 1 Quarter
Real estate rental income OperatingLeasesIncomeStatementMinimumLeaseRevenue $68.72M USD 3 Qtrs
Real estate rental income OperatingLeasesIncomeStatementMinimumLeaseRevenue $25.36M USD 1 Quarter
Tenant reimbursements TenantReimbursements $1.52M USD 1 Quarter
Tenant reimbursements TenantReimbursements $2.35M USD 3 Qtrs
Tenant reimbursements TenantReimbursements $4.55M USD 3 Qtrs
Tenant reimbursements TenantReimbursements $1.05M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $24.69M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $71.06M USD 3 Qtrs
Total income from rental operations RealEstateRevenueNet $80.62M USD 3 Qtrs
Total income from rental operations RealEstateRevenueNet $26.89M USD 1 Quarter
Interest FinancingInterestExpense $13.74M USD 3 Qtrs
Interest FinancingInterestExpense $4.37M USD 1 Quarter
Interest FinancingInterestExpense $12.52M USD 3 Qtrs
Interest FinancingInterestExpense $4.64M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $16.71M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $5.47M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $13.62M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $5.33M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $1.94M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $7.02M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $2.36M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $5.46M USD 3 Qtrs
Property management fees OwnedPropertyManagementCosts $7.04M USD 3 Qtrs
Property management fees OwnedPropertyManagementCosts $2.37M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $8.10M USD 3 Qtrs
Property management fees OwnedPropertyManagementCosts $2.77M USD 1 Quarter
Utilities UtilitiesCosts $1.66M USD 1 Quarter
Utilities UtilitiesCosts $5.50M USD 3 Qtrs
Utilities UtilitiesCosts $5.71M USD 3 Qtrs
Utilities UtilitiesCosts $1.71M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $6.29M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $15.70M USD 3 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $5.19M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $12.21M USD 3 Qtrs
Insurance RealEstateInsurance $1.69M USD 3 Qtrs
Insurance RealEstateInsurance $555.00K USD 1 Quarter
Insurance RealEstateInsurance $339.00K USD 1 Quarter
Insurance RealEstateInsurance $1.02M USD 3 Qtrs
Loss on lease termination GainLossOnContractTermination $-25.00K USD 1 Quarter
Loss on lease termination GainLossOnContractTermination $-299.00K USD 3 Qtrs
Total expenses from rental operations CostOfRevenue $23.60M USD 1 Quarter
Total expenses from rental operations CostOfRevenue $58.06M USD 3 Qtrs
Total expenses from rental operations CostOfRevenue $68.31M USD 3 Qtrs
Total expenses from rental operations CostOfRevenue $21.42M USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $56.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $233.00K USD 3 Qtrs
Administrative expenses GeneralAndAdministrativeExpense $71.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $301.00K USD 3 Qtrs
Advisory fees AdvisoryManagementFees $1.76M USD 3 Qtrs
Advisory fees AdvisoryManagementFees $617.00K USD 1 Quarter
Advisory fees AdvisoryManagementFees $669.00K USD 1 Quarter
Advisory fees AdvisoryManagementFees $1.97M USD 3 Qtrs
Acquisition and disposition expenses AcquisitionAndDispositionRelatedExpenses $1.18M USD 1 Quarter
Acquisition and disposition expenses AcquisitionAndDispositionRelatedExpenses $299.00K USD 1 Quarter
Acquisition and disposition expenses AcquisitionAndDispositionRelatedExpenses $1.53M USD 3 Qtrs
Acquisition and disposition expenses AcquisitionAndDispositionRelatedExpenses $1.99M USD 3 Qtrs
Trustee fees TrusteeFees $46.00K USD 3 Qtrs
Trustee fees TrusteeFees $14.00K USD 1 Quarter
Trustee fees TrusteeFees $37.00K USD 3 Qtrs
Trustee fees TrusteeFees $14.00K USD 1 Quarter
Legal and accounting ProfessionalFees $343.00K USD 3 Qtrs
Legal and accounting ProfessionalFees $437.00K USD 3 Qtrs
Legal and accounting ProfessionalFees $83.00K USD 1 Quarter
Legal and accounting ProfessionalFees $104.00K USD 1 Quarter
Total Administration of REIT OperatingExpenses $1.14M USD 1 Quarter
Total Administration of REIT OperatingExpenses $4.46M USD 3 Qtrs
Total Administration of REIT OperatingExpenses $4.19M USD 3 Qtrs
Total Administration of REIT OperatingExpenses $1.97M USD 1 Quarter
Total expenses CostsAndExpenses $72.49M USD 3 Qtrs
Total expenses CostsAndExpenses $62.52M USD 3 Qtrs
Total expenses CostsAndExpenses $24.73M USD 1 Quarter
Total expenses CostsAndExpenses $23.39M USD 1 Quarter
Income from operations OperatingIncomeLoss $1.30M USD 1 Quarter
Income from operations OperatingIncomeLoss $2.15M USD 1 Quarter
Income from operations OperatingIncomeLoss $8.54M USD 3 Qtrs
Income from operations OperatingIncomeLoss $8.13M USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $820.00K USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $231.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $298.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $717.00K USD 3 Qtrs
Dividend income InvestmentIncomeInterestAndDividend $24.00K USD 1 Quarter
Dividend income InvestmentIncomeInterestAndDividend $12.00K USD 1 Quarter
Dividend income InvestmentIncomeInterestAndDividend $43.00K USD 3 Qtrs
Dividend income InvestmentIncomeInterestAndDividend $62.00K USD 3 Qtrs
Gain (Loss) on sale of real estate investments GainsLossesOnSalesOfInvestmentRealEstate $-320.00K USD 3 Qtrs
Gain (Loss) on sale of real estate investments GainsLossesOnSalesOfInvestmentRealEstate $470.00K USD 1 Quarter
Gain (Loss) on sale of real estate investments GainsLossesOnSalesOfInvestmentRealEstate $470.00K USD 3 Qtrs
Gain (Loss) on involuntary conversion GainLossOnInvoluntaryConversions $76.00K USD 1 Quarter
Gain (Loss) on involuntary conversion GainLossOnInvoluntaryConversions $87.00K USD 3 Qtrs
Gain (Loss) on involuntary conversion GainLossOnInvoluntaryConversions $-89.00K USD 3 Qtrs
Gain (Loss) on involuntary conversion GainLossOnInvoluntaryConversions $48.00K USD 1 Quarter
Loss on extinguishment of debt WriteOffOfDeferredDebtIssuanceCost $3.00K USD 3 Qtrs
Loss on extinguishment of debt WriteOffOfDeferredDebtIssuanceCost $2.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $1.31M USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $370.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $787.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $473.00K USD 3 Qtrs
Net income ProfitLoss $2.09M USD 1 Quarter
Net income ProfitLoss $9.86M USD 3 Qtrs
Net income ProfitLoss $2.52M USD 1 Quarter
Net income ProfitLoss $8.60M USD 3 Qtrs
Net income attributable to noncontrolling interest in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnerships $6.68M USD 3 Qtrs
Net income attributable to noncontrolling interest in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnerships $1.81M USD 1 Quarter
Net income attributable to noncontrolling interest in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnerships $1.36M USD 1 Quarter
Net income attributable to noncontrolling interest in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnerships $6.11M USD 3 Qtrs
Net (loss) attributable to noncontrolling interest in partially owned properties NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties $-176.00K USD 1 Quarter
Net (loss) attributable to noncontrolling interest in partially owned properties NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties $-356.00K USD 3 Qtrs
Net (loss) attributable to noncontrolling interest in partially owned properties NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties $-356.00K USD 1 Quarter
Net (loss) attributable to noncontrolling interest in partially owned properties NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties $-502.00K USD 3 Qtrs
Net income attributable to Sterling Real Estate Trust NetIncomeLoss $1.08M USD 1 Quarter
Net income attributable to Sterling Real Estate Trust NetIncomeLoss $885.00K USD 1 Quarter
Net income attributable to Sterling Real Estate Trust NetIncomeLoss $3.00M USD 3 Qtrs
Net income attributable to Sterling Real Estate Trust NetIncomeLoss $3.54M USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-3.00K USD 3 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.38 USD 3 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.14 USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.11 USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.50 USD 3 Qtrs
Net income ProfitLoss $2.09M USD 1 Quarter
Net income ProfitLoss $9.86M USD 3 Qtrs
Net income ProfitLoss $2.52M USD 1 Quarter
Net income ProfitLoss $8.60M USD 3 Qtrs
Other comprehensive gain (loss) - change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $33.00K USD 1 Quarter
Other comprehensive gain (loss) - change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $28.00K USD 3 Qtrs
Other comprehensive gain (loss) - change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $8.00K USD 3 Qtrs
Other comprehensive gain (loss) - change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-9.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.08M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.63M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.56M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $9.87M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest - Operating Partnership ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $6.33M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest - Operating Partnership ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.66M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest - Operating Partnership ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest - Operating Partnership ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.63M USD 3 Qtrs
Comprehensive income attributable to Sterling Real Estate Trust ComprehensiveIncomeNetOfTax $3.00M USD 3 Qtrs
Comprehensive income attributable to Sterling Real Estate Trust ComprehensiveIncomeNetOfTax $895.00K USD 1 Quarter
Comprehensive income attributable to Sterling Real Estate Trust ComprehensiveIncomeNetOfTax $3.54M USD 3 Qtrs
Comprehensive income attributable to Sterling Real Estate Trust ComprehensiveIncomeNetOfTax $1.07M USD 1 Quarter
Cash Flow Statement 124 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $2.09M USD 1 Quarter
Net income ProfitLoss $9.86M USD 3 Qtrs
Net income ProfitLoss $2.52M USD 1 Quarter
Net income ProfitLoss $8.60M USD 3 Qtrs
(Gain) loss on sale of real estate GainLossOnSaleOfProperties $470.00K USD 3 Qtrs
(Gain) loss on sale of real estate GainLossOnSaleOfProperties $-320.00K USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-3.00K USD 3 Qtrs
(Gain) loss on involuntary conversion GainOnBusinessInterruptionInsuranceRecovery $76.00K USD 3 Qtrs
(Gain) loss on involuntary conversion GainOnBusinessInterruptionInsuranceRecovery $-89.00K USD 3 Qtrs
Loss on lease termination GainLossOnContractTermination $-25.00K USD 1 Quarter
Loss on lease termination GainLossOnContractTermination $-299.00K USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $820.00K USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $231.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $298.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $717.00K USD 3 Qtrs
Distributions of earnings of unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $711.00K USD 3 Qtrs
Distributions of earnings of unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $816.00K USD 3 Qtrs
Depreciation Depreciation $13.88M USD 3 Qtrs
Depreciation Depreciation $4.62M USD 1 Quarter
Depreciation Depreciation $4.29M USD 1 Quarter
Depreciation Depreciation $11.91M USD 3 Qtrs
Amortization AmortizationOfIntangibleAssets $1.71M USD 3 Qtrs
Amortization AmortizationOfIntangibleAssets $2.75M USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $454.00K USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $517.00K USD 3 Qtrs
Restricted deposits - tenant security deposits IncreaseDecreaseInDepositOtherAssets $85.00K USD 3 Qtrs
Restricted deposits - tenant security deposits IncreaseDecreaseInDepositOtherAssets $1.17M USD 3 Qtrs
Restricted deposits - real estate tax and insurance escrows IncreaseDecreaseInRestrictedCashForOperatingActivities $-20.00K USD 3 Qtrs
Restricted deposits - real estate tax and insurance escrows IncreaseDecreaseInRestrictedCashForOperatingActivities $-496.00K USD 3 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-109.00K USD 3 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-60.00K USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $-14.00K USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $286.00K USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-296.00K USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-66.00K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $186.00K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-135.00K USD 3 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedParties $-8.00K USD 3 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedParties $-2.15M USD 3 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDeposits $154.00K USD 3 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDeposits $67.00K USD 3 Qtrs
Accounts payable - trade IncreaseDecreaseInAccountsPayable $-561.00K USD 3 Qtrs
Accounts payable - trade IncreaseDecreaseInAccountsPayable $-913.00K USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $377.00K USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $934.00K USD 3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $26.80M USD 3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $20.41M USD 3 Qtrs
Purchase of real estate investment properties PaymentsToAcquireAndDevelopRealEstate $7.35M USD 3 Qtrs
Purchase of real estate investment properties PaymentsToAcquireAndDevelopRealEstate $20.73M USD 3 Qtrs
Capital expenditures and tenant improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements $4.21M USD 3 Qtrs
Capital expenditures and tenant improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements $7.52M USD 3 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $1.40M USD 3 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $1.42M USD 3 Qtrs
Proceeds from involuntary conversion ProceedsFromInsuranceForInvoluntaryConversions $915.00K USD 3 Qtrs
Proceeds from involuntary conversion ProceedsFromInsuranceForInvoluntaryConversions $13.00K USD 3 Qtrs
Investment in unconsolidated affiliates PaymentsToAcquireEquityMethodInvestments $36.00K USD 3 Qtrs
Investment in unconsolidated affiliates PaymentsToAcquireEquityMethodInvestments $67.00K USD 3 Qtrs
Distributions in excess of earnings received from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $120.00K USD 3 Qtrs
Distributions in excess of earnings received from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $325.00K USD 3 Qtrs
Restricted deposits - replacement reserve escrows IncreaseDecreaseInRestrictedCash $-1.24M USD 3 Qtrs
Restricted deposits - replacement reserve escrows IncreaseDecreaseInRestrictedCash $819.00K USD 3 Qtrs
Notes receivable issued PaymentsToAcquireNotesReceivable $24.00K USD 3 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $7.00K USD 3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-13.13M USD 3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-22.19M USD 3 Qtrs
Payments for financing, debt issuance and lease costs PaymentsOfFinancingCosts $431.00K USD 3 Qtrs
Payments for financing, debt issuance and lease costs PaymentsOfFinancingCosts $1.24M USD 3 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $174.00K USD 3 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $68.00K USD 3 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $657.00K USD 3 Qtrs
Proceeds from issuance of mortgage notes payable and subordinated debt ProceedsFromIssuanceOfLongTermDebt $20.27M USD 3 Qtrs
Proceeds from issuance of mortgage notes payable and subordinated debt ProceedsFromIssuanceOfLongTermDebt $26.04M USD 3 Qtrs
Principal payments on mortgage notes payable RepaymentsOfLongTermDebt $9.86M USD 3 Qtrs
Principal payments on mortgage notes payable RepaymentsOfLongTermDebt $12.92M USD 3 Qtrs
Advances on lines of credit ProceedsFromLinesOfCredit $9.74M USD 3 Qtrs
Advances on lines of credit ProceedsFromLinesOfCredit $6.67M USD 3 Qtrs
Payments on lines of credit RepaymentsOfLinesOfCredit $26.16M USD 3 Qtrs
Payments on lines of credit RepaymentsOfLinesOfCredit $6.67M USD 3 Qtrs
Proceeds from contributions received from noncontrolling interest - partially owned properties ProceedsFromMinorityShareholders $5.01M USD 3 Qtrs
Proceeds from issuance of common shares ProceedsFromIssuanceOfCommonStock $25.75M USD 3 Qtrs
Proceeds from issuance of shares under optional purchase plan ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan $1.26M USD 3 Qtrs
Proceeds from issuance of shares under optional purchase plan ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan $1.60M USD 3 Qtrs
Shares/units redeemed PaymentsForRepurchaseOfCommonStock $1.47M USD 3 Qtrs
Shares/units redeemed PaymentsForRepurchaseOfCommonStock $1.76M USD 3 Qtrs
Dividends/distributions paid PaymentsOfDividendsCommonStock $11.79M USD 3 Qtrs
Dividends/distributions paid PaymentsOfDividendsCommonStock $13.13M USD 3 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $1.33M USD 3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.97M USD 3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $12.65M USD 3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $10.88M USD 3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $9.70M USD 3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $6.46M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $16.16M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $643.00K USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.52M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $6.46M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $16.16M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $643.00K USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.52M USD Point-in-time
Cash paid during the period for interest, net of capitalized interest InterestPaidNet $11.81M USD 3 Qtrs
Cash paid during the period for interest, net of capitalized interest InterestPaidNet $13.78M USD 3 Qtrs
Dividends reinvested DistributionsReinvested $3.05M USD 3 Qtrs
Dividends reinvested DistributionsReinvested $3.54M USD 3 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $1.89M USD 3 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $1.75M USD 3 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $3.50M USD 3 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $3.91M USD 3 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $87.00K USD 3 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $435.00K USD 3 Qtrs
Stock issued pursuant to trustee compensation plan StockIssued1 $60.00K USD 3 Qtrs
Stock issued pursuant to trustee compensation plan StockIssued1 $56.00K USD 3 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $16.94M USD 3 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $7.45M USD 3 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $80.00K USD 3 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $772.00K USD 3 Qtrs
Unrealized gain on interest rate swaps UnrealizedGainLossOnDerivatives $28.00K USD 3 Qtrs
Unrealized gain on interest rate swaps UnrealizedGainLossOnDerivatives $8.00K USD 3 Qtrs
Acquisition of assets with new financing NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.66M USD 3 Qtrs
Acquisition of assets with new financing NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $45.83M USD 3 Qtrs
Acquisition of assets through assumption of debt and liabilities NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1 $2.00M USD 3 Qtrs
Acquisition of assets through assumption of debt and liabilities NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1 $78.00K USD 3 Qtrs
Capitalized interest and real estate taxes related to construction in progress RealEstateConstructionInProgressCostOfCapitalizedInterestAndRealEstateTaxes $66.00K USD 3 Qtrs
Acquisition of assets with accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $413.00K USD 3 Qtrs
Acquisition of assets with accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $65.00K USD 3 Qtrs
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $240.43M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $252.28M USD Point-in-time
Beginning Balance (in shares) CommonStockSharesOutstanding 7.89M shares Point-in-time
Beginning Balance (in shares) CommonStockSharesOutstanding 7.58M shares Point-in-time
Shares issued pursuant to trustee compensation plan StockIssuedDuringPeriodValueShareBasedCompensationGross $60.00K USD 3 Qtrs
Contribution of assets in exchange for the issuance of noncontrolling interest shares NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $16.94M USD 3 Qtrs
Shares/units redeemed StockRepurchasedDuringPeriodValue $1.76M USD 3 Qtrs
Dividends declared DividendsCommonStockCash $17.15M USD 3 Qtrs
Dividends reinvested - stock dividend StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.54M USD 3 Qtrs
Dividends reinvested - stock dividend (in shares) StockIssuedDuringPeriodSharesDividendReinvestmentPlan 208,000.00 shares 3 Qtrs
Dividends reinvested - stock dividend (in shares) StockIssuedDuringPeriodSharesDividendReinvestmentPlan 236,000.00 shares 3 Qtrs
Issuance of shares under optional purchase plan StockIssuedDuringPeriodValueStockPurchasePlan $1.60M USD 3 Qtrs
Change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $33.00K USD 1 Quarter
Change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $28.00K USD 3 Qtrs
Change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $8.00K USD 3 Qtrs
Change in fair value of interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-9.00K USD 1 Quarter
Net income ProfitLoss $2.09M USD 1 Quarter
Net income ProfitLoss $9.86M USD 3 Qtrs
Net income ProfitLoss $2.52M USD 1 Quarter
Net income ProfitLoss $8.60M USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $240.43M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $252.28M USD Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 7.89M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 7.58M shares Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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