10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-18-006722 |
| Period End Date | 20180630 |
| Filing Date | 20180808 |
| Fiscal Year | 2018 |
| Fiscal Period | Q2 |
| XBRL Instance | sret-20180630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceAndLeaseCosts
|
$1.97M | USD | Point-in-time |
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceAndLeaseCosts
|
$1.94M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$13.60M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$12.93M | USD | Point-in-time |
| Real estate investments, net |
RealEstateInvestmentPropertyNet
|
$641.80M | USD | Point-in-time |
| Real estate investments, net |
RealEstateInvestmentPropertyNet
|
$648.68M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.81M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$1.49M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$16.58M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$1.39M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.49M | USD | Point-in-time |
| Restricted deposits |
RestrictedCashAndCashEquivalents
|
$11.95M | USD | Point-in-time |
| Restricted deposits |
RestrictedCashAndCashEquivalents
|
$10.51M | USD | Point-in-time |
| Restricted deposits |
RestrictedCashAndCashEquivalents
|
$8.06M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$2.77M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$2.65M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$3.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$4.63M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$5.11M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$482.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.67M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,966 in 2018 and $1,943 in 2017 |
DeferredCostsCurrentAndNoncurrent
|
$737.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,966 in 2018 and $1,943 in 2017 |
DeferredCostsCurrentAndNoncurrent
|
$706.00K | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$4.70M | USD | Point-in-time |
| Lease intangible assets, less accumulated amortization of $13,603 in 2018 and $12,932 in 2017 |
IntangibleAssetsNetExcludingGoodwill
|
$13.26M | USD | Point-in-time |
| Lease intangible assets, less accumulated amortization of $13,603 in 2018 and $12,932 in 2017 |
IntangibleAssetsNetExcludingGoodwill
|
$11.46M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$5.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$5.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$691.61M | USD | Point-in-time |
| Total Assets |
Assets
|
$691.93M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$394.84M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$393.94M | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$486.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$518.00K | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$6.44M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$6.68M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$366.00K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$666.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$4.04M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$4.07M | 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 $1,487 in 2018 and $1,386 in 2017 |
OffMarketLeaseUnfavorable
|
$1.61M | USD | Point-in-time |
| Lease intangible liabilities, less accumulated amortization of $1,487 in 2018 and $1,386 in 2017 |
OffMarketLeaseUnfavorable
|
$1.78M | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$2.02M | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$486.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$170.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$16.00K | USD | Point-in-time |
| Liabilities related to assets held for sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$93.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$65.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$42.00K | USD | Point-in-time |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$1.22M | USD | Point-in-time |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$37.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$7.89M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$6.41M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$417.83M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$416.40M | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 15 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 15 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$93.92M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$90.82M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$179.84M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$178.56M | USD | Point-in-time |
| Noncontrolling in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$3.18M | USD | Point-in-time |
| Noncontrolling in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$3.09M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-65.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-42.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$273.77M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$275.53M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$691.93M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$691.61M | USD | Point-in-time |
Income Statement
137 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$27.11M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$55.38M | USD | 2 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$53.52M | USD | 2 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$27.77M | USD | 1 Quarter |
| Total income from rental operations |
Revenues
|
$29.29M | USD | 1 Quarter |
| Total income from rental operations |
Revenues
|
$58.52M | USD | 2 Qtrs |
| Total income from rental operations |
Revenues
|
$56.54M | USD | 2 Qtrs |
| Total income from rental operations |
Revenues
|
$28.51M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$4.61M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$9.08M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$4.58M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$9.25M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$10.74M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.38M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$10.63M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.28M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$2.61M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$5.74M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$2.90M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$5.20M | USD | 2 Qtrs |
| Property management |
PropertyManagementFeesExpense
|
$6.03M | USD | 2 Qtrs |
| Property management |
PropertyManagementFeesExpense
|
$7.18M | USD | 2 Qtrs |
| Property management |
PropertyManagementFeesExpense
|
$3.90M | USD | 1 Quarter |
| Property management |
PropertyManagementFeesExpense
|
$2.99M | USD | 1 Quarter |
| Utilities |
UtilitiesExpense
|
$4.54M | USD | 2 Qtrs |
| Utilities |
UtilitiesExpense
|
$2.05M | USD | 1 Quarter |
| Utilities |
UtilitiesExpense
|
$2.21M | USD | 1 Quarter |
| Utilities |
UtilitiesExpense
|
$5.00M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$9.93M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$4.97M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$5.66M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$10.19M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$368.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$1.10M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$736.00K | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$586.00K | USD | 1 Quarter |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-31.00K | USD | 1 Quarter |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-146.00K | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$25.11M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRevenue
|
$46.58M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$48.93M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$23.01M | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$229.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$207.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$101.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$133.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$704.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$722.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$1.40M | USD | 2 Qtrs |
| Advisory fees |
AdvisoryManagementFees
|
$1.44M | USD | 2 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$149.00K | USD | 1 Quarter |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$1.38M | USD | 2 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$149.00K | USD | 2 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$863.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$14.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$19.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$34.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$32.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$287.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$103.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$101.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$413.00K | USD | 2 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$1.82M | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$2.24M | USD | 2 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$3.32M | USD | 2 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$1.09M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$49.90M | USD | 2 Qtrs |
| Total expenses |
CostsAndExpenses
|
$24.83M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$51.18M | USD | 2 Qtrs |
| Total expenses |
CostsAndExpenses
|
$26.20M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$3.09M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$7.34M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$3.68M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$6.64M | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$284.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$127.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$369.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$157.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$26.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$160.00K | USD | 2 Qtrs |
| Other income |
OtherNonoperatingIncome
|
$55.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$51.00K | USD | 2 Qtrs |
| Gain on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$1.08M | USD | 2 Qtrs |
| Gain on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$1.08M | USD | 1 Quarter |
| Gain on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$2.05M | USD | 2 Qtrs |
| Gain on sale of real estate and non-real estate investments |
GainLossOnSaleOfRealEstateAndNonRealEstateInvestments
|
$2.08M | USD | 1 Quarter |
| Gain on change in control of real estate investments |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | USD | 1 Quarter |
| Gain on change in control of real estate investments |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | USD | 2 Qtrs |
| Gain on sale of investment in equity method investee |
GainLossOnSaleOfEquityInvestments
|
$3.00K | USD | 2 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$189.00K | USD | 2 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$620.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$1.37M | USD | 2 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$162.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$1.89M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$2.90M | USD | 2 Qtrs |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$4.61M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$4.85M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$11.49M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$8.29M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$10.24M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$5.65M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$7.88M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$6.91M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$3.38M | USD | 1 Quarter |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-74.00K | USD | 1 Quarter |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-131.00K | USD | 2 Qtrs |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-46.00K | USD | 1 Quarter |
| Net (loss) attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-93.00K | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.68M | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$3.74M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$3.42M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.68M | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.19 | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.46 | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.39 | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.33 | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.49M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$8.29M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$10.24M | USD | 2 Qtrs |
| Other comprehensive gain - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$10.00K | USD | 1 Quarter |
| Other comprehensive gain - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$41.00K | USD | 2 Qtrs |
| Other comprehensive gain - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$16.00K | USD | 1 Quarter |
| Other comprehensive gain - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$23.00K | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$10.26M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$4.99M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$11.53M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$8.31M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$6.83M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$7.78M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.62M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.31M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$1.68M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$3.75M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$3.42M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$2.69M | USD | 1 Quarter |
Cash Flow Statement
87 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$11.49M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$8.29M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$10.24M | USD | 2 Qtrs |
| (Gain) on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$1.08M | USD | 2 Qtrs |
| (Gain) on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$2.08M | USD | 2 Qtrs |
| Loss on sale of non-real estate investments |
GainLossOnSaleOfOtherInvestments
|
$-23.00K | USD | 2 Qtrs |
| (Gain) on change in control of real estate investment |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | USD | 1 Quarter |
| (Gain) on change in control of real estate investment |
GainOnChangeInControlOfInvestmentProperty
|
$2.19M | USD | 2 Qtrs |
| (Gain) on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$1.37M | USD | 2 Qtrs |
| (Gain) on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$189.00K | USD | 2 Qtrs |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-31.00K | USD | 1 Quarter |
| Loss on lease terminations |
GainLossOnContractTermination
|
$-146.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$284.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$127.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$369.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$157.00K | USD | 1 Quarter |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$284.00K | USD | 2 Qtrs |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$369.00K | USD | 2 Qtrs |
| Allowance for uncollectible accounts receivable |
ProvisionForDoubtfulAccounts
|
$-706.00K | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$4.74M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$9.51M | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$9.45M | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$4.75M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$1.10M | USD | 2 Qtrs |
| Amortization |
AmortizationOfIntangibleAssets
|
$1.26M | USD | 2 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$338.00K | USD | 2 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$371.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-3.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$24.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-895.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-44.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$650.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$1.18M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$76.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedParties
|
$-397.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedParties
|
$300.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$5.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$183.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-131.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$944.00K | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.28M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.97M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$17.02M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$15.96M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$1.93M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$2.98M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$5.50M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$4.55M | USD | 2 Qtrs |
| Proceeds from sale of real estate investments and non-real estate investments |
PaymentsForProceedsFromInvestments
|
$-4.44M | USD | 2 Qtrs |
| Proceeds from sale of real estate investments and non-real estate investments |
PaymentsForProceedsFromInvestments
|
$-5.20M | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$330.00K | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$1.91M | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$20.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$245.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$124.00K | USD | 2 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$41.00K | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-802.00K | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-1.87M | USD | 2 Qtrs |
| Payments for financing, debt issuance and lease costs |
PaymentsOfFinancingCosts
|
$333.00K | USD | 2 Qtrs |
| Payments for financing, debt issuance and lease costs |
PaymentsOfFinancingCosts
|
$149.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$101.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$269.00K | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$7.06M | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$16.15M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$8.22M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$12.25M | USD | 2 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$2.96M | USD | 2 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$2.96M | USD | 2 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$2.16M | USD | 2 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.36M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.11M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.66M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$9.62M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$10.30M | USD | 2 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$-5.90M | USD | 2 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$-11.38M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$9.26M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$3.76M | USD | 2 Qtrs |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$20.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$19.27M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$24.32M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$28.53M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$20.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$19.27M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$24.32M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$28.53M | USD | Point-in-time |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$273.77M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$275.53M | USD | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
8.71M | shares | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
8.49M | shares | Point-in-time |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$1.55M | USD | 2 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$1.66M | USD | 2 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$13.35M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$2.80M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend (in shares) |
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
165,000.00 | shares | 2 Qtrs |
| Dividends reinvested - stock dividend (in shares) |
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
159,000.00 | shares | 2 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$2.16M | USD | 2 Qtrs |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$10.00K | USD | 1 Quarter |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$41.00K | USD | 2 Qtrs |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$16.00K | USD | 1 Quarter |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$23.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$11.49M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$8.29M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$10.24M | USD | 2 Qtrs |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$273.77M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$275.53M | USD | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
8.71M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
8.49M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.