10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001562528-15-000014`
Period End Date	20150930
Filing Date	20151112
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	arct-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 65 Cash Flow Statement 86 Stockholders Equity 15 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	-	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$570.00K	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$872.00K	USD	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Convertible stock, shares issued	`ConvertibleStockSharesIssued`	1,000.00	shares	Point-in-time
Convertible stock, shares issued	`ConvertibleStockSharesIssued`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$68.00K	USD	Point-in-time
Convertible stock, shares outstanding	`ConvertibleStockSharesOutstanding`	1,000.00	shares	Point-in-time
Convertible stock, shares outstanding	`ConvertibleStockSharesOutstanding`	1,000.00	shares	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Commercial mortgage loans, held for investment, net of allowance for loan losses of $872 and $570	`LoansReceivableNet`	$456.88M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Commercial mortgage loans, held for investment, net of allowance for loan losses of $872 and $570	`LoansReceivableNet`	$938.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Real estate securities, available for sale, at fair value	`AvailableForSaleSecurities`	$50.23M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Real estate securities, available for sale, at fair value	`AvailableForSaleSecurities`	$100.96M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$2.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.47M	shares	Point-in-time
Accrued interest receivable	`InterestReceivable`	$5.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.75M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$4.20M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$3.78M	USD	Point-in-time
Total assets	`Assets`	$358.44M	USD	Point-in-time
Total assets	`Assets`	$514.22M	USD	Point-in-time
Total assets	`Assets`	$1.06B	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$536.00K	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$232.00K	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$4.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.38M	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$2.04M	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$3.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$459.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$183.71M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of September 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 September 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 September 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 September 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, 28,753,520 and 15,472,192 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$288.00K	USD	Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 28,753,520 and 15,472,192 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$155.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$340.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$633.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-307.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$604.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$330.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$514.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.06B	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	$7.51M	USD	3 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$16.25M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$38.34M	USD	3 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$4.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.92M	USD	3 Qtrs
Interest expense	`InterestExpense`	$711.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$803.00K	USD	3 Qtrs
Net interest income	`Revenues`	$30.42M	USD	3 Qtrs
Net interest income	`Revenues`	$3.85M	USD	1 Quarter
Net interest income	`Revenues`	$6.71M	USD	3 Qtrs
Net interest income	`Revenues`	$12.78M	USD	1 Quarter
Acquisition fees and expenses	`AssetManagementCosts`	$414.00K	USD	1 Quarter
Acquisition fees and expenses	`AssetManagementCosts`	$3.74M	USD	3 Qtrs
Acquisition fees and expenses	`AssetManagementCosts`	$2.40M	USD	1 Quarter
Acquisition fees and expenses	`AssetManagementCosts`	$414.00K	USD	3 Qtrs
Acquisition fees	`BoardExpenses`	$1.77M	USD	1 Quarter
Acquisition fees	`BoardExpenses`	$5.96M	USD	3 Qtrs
Acquisition fees	`BoardExpenses`	$2.89M	USD	3 Qtrs
Acquisition fees	`BoardExpenses`	$1.78M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$562.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$659.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$371.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.14M	USD	3 Qtrs
Other expenses	`GeneralInsuranceExpense`	$132.00K	USD	1 Quarter
Other expenses	`GeneralInsuranceExpense`	$919.00K	USD	3 Qtrs
Other expenses	`GeneralInsuranceExpense`	$704.00K	USD	3 Qtrs
Other expenses	`GeneralInsuranceExpense`	$439.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$302.00K	USD	3 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$570.00K	USD	Annual
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$302.00K	USD	3 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$78.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$174.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$5.36M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.86M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$14.06M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$4.88M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.42M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.83M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$984.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.36M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$74.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$33.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	3 Qtrs
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	3 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	3 Qtrs
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.04M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.79M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.68M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.05M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.05M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.04M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.69M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.80M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Discount accretion and premium amortization, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$229.00K	USD	3 Qtrs
Discount accretion and premium amortization, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$877.00K	USD	3 Qtrs
Accretion of loan exit fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$603.00K	USD	3 Qtrs
Accretion of loan exit fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$53.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.87M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$170.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$20.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$24.00K	USD	3 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$302.00K	USD	3 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$570.00K	USD	Annual
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$302.00K	USD	3 Qtrs
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$78.00K	USD	1 Quarter
Loan loss provision	`ProvisionForLoanAndLeaseLosses`	$174.00K	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.69M	USD	3 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.04M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$97.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$416.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInInterestPayableNet`	$877.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInInterestPayableNet`	$519.00K	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	-	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$1.35M	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.00K	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$304.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.80M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.16M	USD	3 Qtrs
Origination and purchase of commercial mortgage loans	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$526.92M	USD	3 Qtrs
Origination and purchase of commercial mortgage loans	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$282.56M	USD	3 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$33.58M	USD	3 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$53.30M	USD	3 Qtrs
Principal repayments received on commercial mortgage loans	`PaymentsForProceedsFromLoansAndLeases`	$-103.00K	USD	3 Qtrs
Principal repayments received on commercial mortgage loans	`PaymentsForProceedsFromLoansAndLeases`	$-45.54M	USD	3 Qtrs
Principal repayments received on real estate securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Principal repayments received on real estate securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-533.11M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-316.04M	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$316.61M	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	Point-in-time
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$243.98M	USD	3 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.90M	USD	3 Qtrs
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$25.50M	USD	3 Qtrs
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$36.98M	USD	3 Qtrs
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	$5.55M	USD	3 Qtrs
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	3 Qtrs
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	$12.86M	USD	3 Qtrs
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$244.18M	USD	3 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$87.29M	USD	3 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$18.26M	USD	3 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	-	USD	3 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$23.57M	USD	3 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$50.27M	USD	3 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$10.00K	USD	3 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$3.95M	USD	3 Qtrs
Increase in restricted cash related to financing activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	3 Qtrs
Increase in restricted cash related to financing activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-1.34M	USD	3 Qtrs
Repayments to affiliate	`PaymentsOfCapitalDistribution`	$1.08M	USD	3 Qtrs
Repayments to affiliate	`PaymentsOfCapitalDistribution`	-	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.19M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividends`	$3.91M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividends`	$18.21M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$529.43M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$314.85M	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$13.12M	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-30.00K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$386.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.00K	USD	Point-in-time
Interest paid	`InterestPaid`	$5.75M	USD	3 Qtrs
Interest paid	`InterestPaid`	$537.00K	USD	3 Qtrs
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$4.77M	USD	3 Qtrs
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$1.08M	USD	3 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$2.38M	USD	3 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$13.64M	USD	3 Qtrs
Receivable for common stock issued	`AmountReceivableforCommonStockIssued`	$3.06M	USD	3 Qtrs
Receivable for common stock issued	`AmountReceivableforCommonStockIssued`	$2.28M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$604.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$330.51M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$318.49M	USD	3 Qtrs
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$2.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Distributions declared	`Dividends`	$34.00M	USD	3 Qtrs
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$13.64M	USD	3 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$24.00K	USD	3 Qtrs
Common stock offering costs, commissions and dealer manager fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$37.45M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.01M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$604.46M	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`	$16.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.00K	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.01M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.01M	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-24.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.35M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.76M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$927.00K	USD	1 Quarter

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