10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-17-008521 |
| Period End Date | 20170930 |
| Filing Date | 20171108 |
| Fiscal Year | 2017 |
| Fiscal Period | Q3 |
| XBRL Instance | sret-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceAndLeaseCosts
|
$1.72M | USD | Point-in-time |
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceAndLeaseCosts
|
$1.88M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$648.86M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$10.77M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$622.98M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$12.49M | 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 |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$1.12M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$1.32M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$7.21M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$7.89M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$3.65M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$2.79M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$2.00K | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$34.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$4.26M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$4.75M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$433.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$862.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$600.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,875 in 2017 and $1,720 in 2016 |
DeferredCostsCurrentAndNoncurrent
|
$950.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,875 in 2017 and $1,720 in 2016 |
DeferredCostsCurrentAndNoncurrent
|
$776.00K | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$2.48M | USD | Point-in-time |
| Lease intangible assets, less accumulated amortization of $12,491 in 2017 and $10,770 in 2016 |
IntangibleAssetsNetExcludingGoodwill
|
$15.85M | USD | Point-in-time |
| Lease intangible assets, less accumulated amortization of $12,491 in 2017 and $10,770 in 2016 |
IntangibleAssetsNetExcludingGoodwill
|
$13.86M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$5.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$29.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$670.51M | USD | Point-in-time |
| Total Assets |
Assets
|
$700.78M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$390.48M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$402.46M | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$480.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$1.21M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$5.92M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$6.40M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$957.00K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$617.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$4.05M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.85M | USD | Point-in-time |
| Subordinated debt |
SubordinatedDebt
|
$175.00K | USD | Point-in-time |
| Subordinated debt |
SubordinatedDebt
|
$175.00K | USD | Point-in-time |
| Lease intangible liabilities, less accumulated amortization of $1,324 in 2017 and $1,122 in 2016 |
OffMarketLeaseUnfavorable
|
$2.08M | USD | Point-in-time |
| Lease intangible liabilities, less accumulated amortization of $1,324 in 2017 and $1,122 in 2016 |
OffMarketLeaseUnfavorable
|
$1.85M | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$474.00K | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$438.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$288.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$420.00K | USD | Point-in-time |
| Liabilities related to assets held for sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$125.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$88.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$145.00K | USD | Point-in-time |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$1.48M | USD | Point-in-time |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$102.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$6.82M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$8.67M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$411.86M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$427.90M | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 16 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 16 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$84.73M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$89.02M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$180.72M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$170.14M | USD | Point-in-time |
| Noncontrolling interest in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$3.94M | USD | Point-in-time |
| Noncontrolling interest in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$3.22M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-88.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-145.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$258.65M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$272.88M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$670.51M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$700.78M | USD | Point-in-time |
Income Statement
137 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$76.08M | USD | 3 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$25.36M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$27.09M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$80.61M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$1.52M | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$4.55M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$4.59M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$1.57M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$26.89M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$80.62M | USD | 3 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$28.66M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$85.20M | USD | 3 Qtrs |
| Interest |
FinancingInterestExpense
|
$4.69M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$13.94M | USD | 3 Qtrs |
| Interest |
FinancingInterestExpense
|
$4.64M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$13.74M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.43M | 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
|
$16.17M | USD | 3 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$7.02M | USD | 3 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$2.36M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$3.19M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$8.39M | USD | 3 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$8.10M | USD | 3 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$2.77M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$3.14M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$9.16M | USD | 3 Qtrs |
| Utilities |
UtilitiesCosts
|
$1.71M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$6.46M | USD | 3 Qtrs |
| Utilities |
UtilitiesCosts
|
$5.71M | USD | 3 Qtrs |
| Utilities |
UtilitiesCosts
|
$1.92M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$6.17M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$16.10M | USD | 3 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$15.70M | USD | 3 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$6.29M | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$339.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$1.02M | USD | 3 Qtrs |
| Insurance |
RealEstateInsurance
|
$376.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$1.11M | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-146.00K | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-299.00K | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-25.00K | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRevenue
|
$71.48M | USD | 3 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$68.31M | USD | 3 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$24.90M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRevenue
|
$23.60M | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$71.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$290.00K | USD | 3 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$61.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$301.00K | USD | 3 Qtrs |
| Advisory fees |
AdvisoryManagementFees
|
$714.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$1.97M | USD | 3 Qtrs |
| Advisory fees |
AdvisoryManagementFees
|
$669.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$2.11M | USD | 3 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$299.00K | USD | 1 Quarter |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$1.38M | USD | 3 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$1.53M | USD | 3 Qtrs |
| Trustee fees |
TrusteeFees
|
$14.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$12.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$46.00K | USD | 3 Qtrs |
| Trustee fees |
TrusteeFees
|
$44.00K | USD | 3 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$385.00K | USD | 3 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$83.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$98.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$343.00K | USD | 3 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$885.00K | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$4.19M | USD | 3 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$1.14M | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$4.21M | USD | 3 Qtrs |
| Total expenses |
CostsAndExpenses
|
$25.79M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$75.69M | USD | 3 Qtrs |
| Total expenses |
CostsAndExpenses
|
$24.73M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$72.49M | USD | 3 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.87M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$2.15M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$8.13M | USD | 3 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$9.51M | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$298.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$820.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$373.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$743.00K | USD | 3 Qtrs |
| Other income |
OtherNonoperatingIncome
|
$73.00K | USD | 3 Qtrs |
| Other income |
OtherNonoperatingIncome
|
$20.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$24.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$62.00K | USD | 3 Qtrs |
| Gain (Loss) on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$-320.00K | USD | 3 Qtrs |
| Gain (Loss) on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$2.05M | USD | 3 Qtrs |
| Gain (Loss) on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$-3.00K | USD | 1 Quarter |
| Gain on change in control of real estate investments |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | 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 |
| Gain (Loss) on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$189.00K | USD | 3 Qtrs |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$5.24M | USD | 3 Qtrs |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$473.00K | USD | 3 Qtrs |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$370.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$390.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.52M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$14.75M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$8.60M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$3.26M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$2.26M | USD | 1 Quarter |
| 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
|
$6.11M | USD | 3 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$10.15M | USD | 3 Qtrs |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-90.00K | USD | 1 Quarter |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-222.00K | 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
|
$-502.00K | USD | 3 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$885.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.08M | 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
|
$4.82M | USD | 3 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.13 | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.59 | 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
|
$0.11 | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.52M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$14.75M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$8.60M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$3.26M | USD | 1 Quarter |
| 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
|
$57.00K | USD | 3 Qtrs |
| Other comprehensive gain (loss) - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$14.80M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$8.63M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$3.27M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$2.56M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$9.96M | USD | 3 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.66M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.63M | USD | 3 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.19M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$1.09M | USD | 1 Quarter |
| 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
|
$4.84M | USD | 3 Qtrs |
Cash Flow Statement
125 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$2.52M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$14.75M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$8.60M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$3.26M | USD | 1 Quarter |
| (Gain) loss on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-316.00K | USD | 3 Qtrs |
| (Gain) loss on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$2.07M | USD | 3 Qtrs |
| Loss on sale of non-real estate investments |
GainLossOnSaleOfOtherInvestments
|
$-23.00K | USD | 3 Qtrs |
| Loss on sale of non-real estate investments |
GainLossOnSaleOfOtherInvestments
|
$-4.00K | USD | 3 Qtrs |
| (Gain) loss on involuntary conversion |
GainLossOnInvoluntaryConversion
|
$-89.00K | USD | 3 Qtrs |
| (Gain) loss on involuntary conversion |
GainLossOnInvoluntaryConversion
|
$189.00K | USD | 3 Qtrs |
| (Gain) on change in control of real estate investment |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-146.00K | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-299.00K | USD | 3 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-25.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$298.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$820.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$373.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$743.00K | USD | 3 Qtrs |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$816.00K | USD | 3 Qtrs |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$80.00K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$4.82M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$4.62M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$13.88M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$14.27M | USD | 3 Qtrs |
| Amortization |
AmortizationOfIntangibleAssets
|
$2.75M | USD | 3 Qtrs |
| Amortization |
AmortizationOfIntangibleAssets
|
$1.85M | USD | 3 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$517.00K | USD | 3 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$561.00K | USD | 3 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$85.00K | USD | 3 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$150.00K | USD | 3 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-577.00K | USD | 3 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-20.00K | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-32.00K | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-60.00K | USD | 3 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$81.00K | USD | 3 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$286.00K | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-66.00K | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$430.00K | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-24.00K | 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
|
$-532.00K | USD | 3 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$67.00K | USD | 3 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$176.00K | USD | 3 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-96.00K | USD | 3 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-561.00K | USD | 3 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$1.71M | USD | 3 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$934.00K | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$26.80M | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$27.72M | USD | 3 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$3.72M | USD | 3 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$7.35M | USD | 3 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$9.12M | USD | 3 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$7.52M | USD | 3 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$4.44M | USD | 3 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$1.40M | USD | 3 Qtrs |
| Restricted deposits - exchange escrow |
IncreaseDecreaseInRestrictedCashExchangeEscrow
|
$4.33M | USD | 3 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$915.00K | USD | 3 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$1.94M | USD | 3 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$67.00K | USD | 3 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$294.00K | USD | 3 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$325.00K | USD | 3 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$743.00K | USD | 3 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCashReplacementReserveEscrows
|
$952.00K | USD | 3 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCashReplacementReserveEscrows
|
$819.00K | USD | 3 Qtrs |
| Notes receivable issued |
PaymentsToAcquireNotesReceivable
|
$24.00K | USD | 3 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$642.00K | USD | 3 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$7.00K | USD | 3 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-10.65M | USD | 3 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-13.13M | USD | 3 Qtrs |
| Payments for financing, debt issuance and lease costs |
PaymentsOfFinancingCosts
|
$442.00K | USD | 3 Qtrs |
| Payments for financing, debt issuance and lease costs |
PaymentsOfFinancingCosts
|
$431.00K | USD | 3 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$657.00K | USD | 3 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$420.00K | USD | 3 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$23.92M | USD | 3 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$20.27M | USD | 3 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$9.86M | USD | 3 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$16.63M | USD | 3 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$6.67M | USD | 3 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$6.67M | USD | 3 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.60M | USD | 3 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$2.19M | USD | 3 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.76M | USD | 3 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.53M | USD | 3 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$15.20M | USD | 3 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$13.13M | USD | 3 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$-8.11M | USD | 3 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$-3.97M | USD | 3 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$8.96M | 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
|
$20.99M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | 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
|
$20.99M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | USD | Point-in-time |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaidNet
|
$13.78M | USD | 3 Qtrs |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaidNet
|
$13.95M | USD | 3 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$3.54M | USD | 3 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$3.84M | USD | 3 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.89M | USD | 3 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$2.07M | USD | 3 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.91M | USD | 3 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$4.34M | USD | 3 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$435.00K | USD | 3 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$133.00K | USD | 3 Qtrs |
| Stock issued pursuant to trustee compensation plan |
StockIssued1
|
$60.00K | USD | 3 Qtrs |
| Stock issued pursuant to trustee compensation plan |
StockIssued1
|
$59.00K | 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
|
$14.38M | USD | 3 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$772.00K | USD | 3 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$1.14M | USD | 3 Qtrs |
| Unrealized gain on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$57.00K | USD | 3 Qtrs |
| Unrealized gain on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$28.00K | USD | 3 Qtrs |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$2.66M | USD | 3 Qtrs |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$3.26M | USD | 3 Qtrs |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$1.37M | 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
|
$126.00K | 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 |
NoncashOrPartNoncashAcquisitionOfAssetsWithAccountsPayable
|
$413.00K | USD | 3 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionOfAssetsWithAccountsPayable
|
$572.00K | USD | 3 Qtrs |
| Acquisition of assets with 1031 exchange funds |
NoncashOrPartNoncashAcquisitionOfAssetsWith1031ExchangeFunds
|
$4.28M | USD | 3 Qtrs |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$258.65M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$272.88M | USD | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
8.35M | shares | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
8.00M | shares | Point-in-time |
| Shares issued pursuant to trustee compensation plan |
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
$59.00K | USD | 3 Qtrs |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$14.38M | USD | 3 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$1.53M | USD | 3 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$19.02M | USD | 3 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$3.84M | USD | 3 Qtrs |
| Dividends reinvested - stock dividend (in shares) |
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
247,000.00 | shares | 3 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$2.19M | 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
|
$57.00K | USD | 3 Qtrs |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 1 Quarter |
| Distributions paid to consolidated real estate entity noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$490.00K | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.52M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$14.75M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$8.60M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$3.26M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$258.65M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$272.88M | USD | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
8.35M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
8.00M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.