10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001562528-15-000012`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	arct-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 65 Cash Flow Statement 86 Stockholders Equity 15 Comprehensive Income 12

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value per share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Convertible stock, par value per share (in dollars per share)	`ConvertibleStockParorStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible stock, par value per share (in dollars per share)	`ConvertibleStockParorStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible stock, shares authorized	`ConvertibleStockSharesAuthorized`	1,000.00	shares	Point-in-time
Convertible stock, shares authorized	`ConvertibleStockSharesAuthorized`	1,000.00	shares	Point-in-time
Convertible stock, shares issued	`ConvertibleStockSharesIssued`	0.00	shares	Point-in-time
Convertible stock, shares issued	`ConvertibleStockSharesIssued`	0.00	shares	Point-in-time
Convertible stock, shares outstanding	`ConvertibleStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Convertible stock, shares outstanding	`ConvertibleStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$68.00K	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$412.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Commercial mortgage loans, held for investment, net	`LoansReceivableNet`	$792.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Commercial mortgage loans, held for investment, net	`LoansReceivableNet`	$456.88M	USD	Point-in-time
Real estate securities, at fair value	`AvailableForSaleSecurities`	$93.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.39M	shares	Point-in-time
Real estate securities, at fair value	`AvailableForSaleSecurities`	$50.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.47M	shares	Point-in-time
Receivable for loan repayment	`FinancingReceivablePaydownonMortgageLoan`	$8.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.39M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.47M	shares	Point-in-time
Receivable for loan repayment	`FinancingReceivablePaydownonMortgageLoan`	-	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$2.87M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$3.74M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$3.25M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$3.78M	USD	Point-in-time
Total assets	`Assets`	$514.22M	USD	Point-in-time
Total assets	`Assets`	$159.56M	USD	Point-in-time
Total assets	`Assets`	$906.68M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$416.00K	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$232.00K	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$4.02M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.73M	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$2.04M	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$2.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$183.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$391.19M	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Convertible stock; $0.01 par value, 1,000 shares authorized, issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`ConvertibleSharesValueIssued`	$1.00K	USD	Point-in-time
Convertible stock; $0.01 par value, 1,000 shares authorized, issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`ConvertibleSharesValueIssued`	$1.00K	USD	Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 24,386,800 and 15,472,192 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$155.00K	USD	Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 24,386,800 and 15,472,192 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$244.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$340.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$536.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-307.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-309.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$515.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$330.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$906.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$514.22M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	$1.98M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$12.48M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$2.96M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$22.09M	USD	2 Qtrs
Less: Interest expense	`InterestExpense`	$92.00K	USD	2 Qtrs
Less: Interest expense	`InterestExpense`	$2.52M	USD	1 Quarter
Less: Interest expense	`InterestExpense`	$4.46M	USD	2 Qtrs
Less: Interest expense	`InterestExpense`	$71.00K	USD	1 Quarter
Net interest income	`Revenues`	$17.63M	USD	2 Qtrs
Net interest income	`Revenues`	$2.86M	USD	2 Qtrs
Net interest income	`Revenues`	$9.96M	USD	1 Quarter
Net interest income	`Revenues`	$1.91M	USD	1 Quarter
Acquisition fees	`BoardExpenses`	$1.12M	USD	2 Qtrs
Acquisition fees	`BoardExpenses`	$3.15M	USD	1 Quarter
Acquisition fees	`BoardExpenses`	$864.00K	USD	1 Quarter
Acquisition fees	`BoardExpenses`	$4.18M	USD	2 Qtrs
Asset management and subordinated performance fee	`AssetManagementCosts`	-	USD	1 Quarter
Asset management and subordinated performance fee	`AssetManagementCosts`	$974.00K	USD	1 Quarter
Asset management and subordinated performance fee	`AssetManagementCosts`	$1.34M	USD	2 Qtrs
Asset management and subordinated performance fee	`AssetManagementCosts`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$191.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.04M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$78.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.42M	USD	2 Qtrs
Other expenses	`GeneralInsuranceExpense`	$327.00K	USD	1 Quarter
Other expenses	`GeneralInsuranceExpense`	$415.00K	USD	1 Quarter
Other expenses	`GeneralInsuranceExpense`	$538.00K	USD	2 Qtrs
Other expenses	`GeneralInsuranceExpense`	$571.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$224.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$80.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$128.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$41.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$570.00K	USD	Annual
Total expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.01M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$5.66M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$8.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$598.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$852.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$41.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$811.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.94M	USD	2 Qtrs
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	2 Qtrs
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	2 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	2 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.14M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.67M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.04M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.68M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.26M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.15M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.04M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$811.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.94M	USD	2 Qtrs
Discount accretion and premium amortization, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$102.00K	USD	2 Qtrs
Discount accretion and premium amortization, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$508.00K	USD	2 Qtrs
Accretion of loan exit fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$301.00K	USD	2 Qtrs
Accretion of loan exit fees	`AmortizationOfDeferredLoanOriginationFeesNet`	-	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.18M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$12.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$12.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$224.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$80.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$128.00K	USD	2 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$41.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$570.00K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$550.00K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$574.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-40.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$268.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInInterestPayableNet`	$1.17M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInInterestPayableNet`	$1.19M	USD	2 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$-78.00K	USD	2 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	-	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.00K	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$184.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.23M	USD	2 Qtrs
Origination and purchase of commercial mortgage loans	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$378.80M	USD	2 Qtrs
Origination and purchase of commercial mortgage loans	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$110.81M	USD	2 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$43.29M	USD	2 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$9.50M	USD	2 Qtrs
Principal repayments received on commercial mortgage loans	`PaymentsForProceedsFromLoansAndLeases`	$-73.00K	USD	2 Qtrs
Principal repayments received on commercial mortgage loans	`PaymentsForProceedsFromLoansAndLeases`	$-35.37M	USD	2 Qtrs
Principal repayments received on real estate securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Principal repayments received on real estate securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$287.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-120.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-386.44M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$112.94M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	Point-in-time
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$214.42M	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$1.28M	USD	2 Qtrs
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$24.70M	USD	2 Qtrs
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$12.20M	USD	2 Qtrs
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	$5.55M	USD	2 Qtrs
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	2 Qtrs
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	$12.86M	USD	2 Qtrs
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$186.59M	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$17.70M	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$13.86M	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	-	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$263.28M	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$11.61M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$232.04M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$10.00K	USD	2 Qtrs
Increase in restricted cash related to financing activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-344.00K	USD	2 Qtrs
Increase in restricted cash related to financing activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	2 Qtrs
Repayments to affiliate	`PaymentsOfCapitalDistribution`	-	USD	2 Qtrs
Repayments to affiliate	`PaymentsOfCapitalDistribution`	$1.08M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$125.00K	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$1.14M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$1.63M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$10.76M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.89M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$381.19M	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-119.00K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$5.06M	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Interest paid	`InterestPaid`	$62.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$5.46M	USD	2 Qtrs
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$4.02M	USD	2 Qtrs
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$929.00K	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$916.00K	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$7.97M	USD	2 Qtrs
Receivable for common stock issued	`AmountReceivableforCommonStockIssued`	$1.76M	USD	2 Qtrs
Receivable for common stock issued	`AmountReceivableforCommonStockIssued`	$1.12M	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$515.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$330.51M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$214.98M	USD	2 Qtrs
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$1.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$811.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.94M	USD	2 Qtrs
Distributions declared	`Dividends`	$20.13M	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$7.97M	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$12.00K	USD	2 Qtrs
Common stock offering costs, commissions and dealer manager fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$25.51M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.00K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$515.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$330.51M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$811.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$585.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.94M	USD	2 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	2 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.00K	USD	2 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$143.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.94M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.45M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$585.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$831.00K	USD	2 Qtrs

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