10-K Filing
Filing Information
| Form Type | 10-K |
| Accession Number | 0001564590-16-015051 |
| Period End Date | 20151231 |
| Filing Date | 20160318 |
| Fiscal Year | 2015 |
| Fiscal Period | FY |
| XBRL Instance | netr-20151231.xml |
Filing Contents
This filing contains the following financial statements:
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$16.38M | USD | Annual |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$23.59M | USD | Annual |
| Fee and other income |
FeeAndOtherIncome
|
$388.83K | USD | Annual |
| Fee and other income |
FeeAndOtherIncome
|
$95.71K | USD | Annual |
| Total revenues |
Revenues
|
$16.47M | USD | Annual |
| Total revenues |
Revenues
|
$23.98M | USD | Annual |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$5.75M | USD | Annual |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$8.52M | USD | Annual |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.67M | USD | Annual |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.58M | USD | Annual |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.38M | USD | Annual |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.78M | USD | Annual |
| Real estate asset impairments |
AssetImpairmentCharges
|
$950.00K | USD | Annual |
| Total costs and expenses |
OperatingExpenses
|
$16.66M | USD | Annual |
| Total costs and expenses |
OperatingExpenses
|
$20.97M | USD | Annual |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$4.77M | USD | Annual |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$1.16M | USD | Annual |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$4.44M | USD | Annual |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$6.01M | USD | Annual |
| Interest and other income |
InterestIncomeOperating
|
$85.81K | USD | Annual |
| Interest and other income |
InterestIncomeOperating
|
$150.01K | USD | Annual |
| Gain on sales of real estate |
GainLossOnSaleOfBusiness
|
$1.51M | USD | Annual |
| Gain on sales of real estate |
GainLossOnSaleOfBusiness
|
$5.28M | USD | Annual |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$172.69K | USD | Annual |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$813.50K | USD | Annual |
| Acquisition costs |
AcquisitionCosts
|
$163.43K | USD | Annual |
| Acquisition costs |
AcquisitionCosts
|
$348.41K | USD | Annual |
| Gain on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$536.95K | USD | Annual |
| Total other (expense) income, net |
NonoperatingIncomeExpense
|
$-9.63M | USD | Annual |
| Total other (expense) income, net |
NonoperatingIncomeExpense
|
$-672.15K | USD | Annual |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-6.63M | USD | Annual |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-859.31K | USD | Annual |
| Gain (loss) on the sale of real estate |
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
$4.73M | USD | Annual |
| Gain (loss) on the sale of real estate |
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
$-156.65K | USD | Annual |
| (Loss) income from discontinued operations, net |
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
|
$-131.38K | USD | Annual |
| (Loss) income from discontinued operations, net |
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
|
$162.36K | USD | Annual |
| Income from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$5.71K | USD | Annual |
| Income from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$4.60M | USD | Annual |
| Net loss |
ProfitLoss
|
$-2.03M | USD | Annual |
| Net loss |
ProfitLoss
|
$-853.60K | USD | Annual |
| Less: Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$1.79M | USD | Annual |
| Less: Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$3.19M | USD | Annual |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-4.05M | USD | Annual |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-3.82M | USD | Annual |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.39 | USD | Annual |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.05 | USD | Annual |
| Discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
- | USD | Annual |
| Discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
$0.27 | USD | Annual |
| Loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.24 | USD | Annual |
| Loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.22 | USD | Annual |
| Weighted average common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16.80M | shares | Annual |
| Weighted average common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17.14M | shares | Annual |
Cash Flow Statement
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-2.03M | USD | Annual |
| Net loss |
ProfitLoss
|
$-853.60K | USD | Annual |
| Depreciation and amortization from continuing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$5.38M | USD | Annual |
| Depreciation and amortization from continuing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$7.78M | USD | Annual |
| Depreciation and amortization from discontinued operations |
DepreciationAndAmortizationDiscontinuedOperations
|
$666.12K | USD | Annual |
| Depreciation and amortization from discontinued operations |
DepreciationAndAmortizationDiscontinuedOperations
|
$165.65K | USD | Annual |
| Stock compensation |
RestrictedStockExpense
|
$464.83K | USD | Annual |
| Stock compensation |
RestrictedStockExpense
|
$455.82K | USD | Annual |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$236.33K | USD | Annual |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$122.12K | USD | Annual |
| Real estate asset impairments |
AssetImpairmentCharges
|
$950.00K | USD | Annual |
| Gain on sales of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$6.24M | USD | Annual |
| Gain on sales of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$5.12M | USD | Annual |
| Gain on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$536.95K | USD | Annual |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$1.29M | USD | Annual |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$417.72K | USD | Annual |
| Amortization of above-market rent |
AmortizationOfAboveMarketLeases
|
$212.94K | USD | Annual |
| Amortization of above-market rent |
AmortizationOfAboveMarketLeases
|
$215.52K | USD | Annual |
| Amortization of below-market rent |
AmortizationOfBelowMarketLease
|
$169.36K | USD | Annual |
| Amortization of below-market rent |
AmortizationOfBelowMarketLease
|
$28.05K | USD | Annual |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-702.39K | USD | Annual |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.17M | USD | Annual |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.14M | USD | Annual |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.27M | USD | Annual |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$664.61K | USD | Annual |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$955.22K | USD | Annual |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$4.18M | USD | Annual |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.77M | USD | Annual |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$59.06M | USD | Annual |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$67.85M | USD | Annual |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$2.57M | USD | Annual |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$2.85M | USD | Annual |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$407.26K | USD | Annual |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$639.00K | USD | Annual |
| Proceeds from sales of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$22.29M | USD | Annual |
| Proceeds from sales of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$37.76M | USD | Annual |
| Increase in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.67M | USD | Annual |
| Increase in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.73M | USD | Annual |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-36.26M | USD | Annual |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-42.48M | USD | Annual |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$50.86M | USD | Annual |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$56.86M | USD | Annual |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$22.81M | USD | Annual |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$30.83M | USD | Annual |
| Proceeds from issuance of mandatorily redeemable preferred stock, net of offering costs |
ProceedsFromIssuanceOfMandatorilyPreferredStock
|
$13.86M | USD | Annual |
| Proceeds from issuance of mandatorily redeemable preferred stock, net of offering costs |
ProceedsFromIssuanceOfMandatorilyPreferredStock
|
$18.20M | USD | Annual |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$50.00K | USD | Annual |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$212.21K | USD | Annual |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$176.46K | USD | Annual |
| Redemption of Series 6.3% preferred stock |
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
|
$1.65M | USD | Annual |
| Distributions paid in excess of contributions received from noncontrolling interests |
ProceedsFromPaymentsToMinorityShareholders
|
$-7.51M | USD | Annual |
| Distributions paid in excess of contributions received from noncontrolling interests |
ProceedsFromPaymentsToMinorityShareholders
|
$-493.53K | USD | Annual |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$4.12M | USD | Annual |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$4.80M | USD | Annual |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$33.49M | USD | Annual |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$33.73M | USD | Annual |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$990.42K | USD | Annual |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.57M | USD | Annual |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$6.63M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$6.63M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Interest paid -Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$3.44M | USD | Annual |
| Interest paid -Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$775.83K | USD | Annual |
| Interest paid -mortgage notes payable |
InterestPaidMortgageNotes
|
$6.48M | USD | Annual |
| Interest paid -mortgage notes payable |
InterestPaidMortgageNotes
|
$5.97M | USD | Annual |
| Reinvestment of cash dividend |
StockIssued1
|
$3.31M | USD | Annual |
| Reinvestment of cash dividend |
StockIssued1
|
$2.66M | USD | Annual |
| Accrual of dividend payable |
AccrualOfDividendsPayable
|
$997.17K | USD | Annual |
| Accrual of dividend payable |
AccrualOfDividendsPayable
|
$1.06M | USD | Annual |
| Conversion of partnership interests into common stock |
PartnersCapitalAccountExchangesAndConversions
|
$165.02K | USD | Annual |
Stockholders Equity
21 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$53.06M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$60.73M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$70.43M | USD | Point-in-time |
| Net income (loss) |
NetIncomeLoss
|
$-4.05M | USD | Annual |
| Net income (loss) |
NetIncomeLoss
|
$-3.82M | USD | Annual |
| Vesting of restricted stock |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$455.82K | USD | Annual |
| Vesting of restricted stock |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$464.83K | USD | Annual |
| Common stock issued, value |
StockIssuedDuringPeriodValueNewIssues
|
$50.00K | USD | Annual |
| Repurchase of preferred stock from related parties |
PreferredStockRepurchasedRelatedPartyDuringPeriodValue
|
$1.65M | USD | Annual |
| Common stock issued to related party |
StockIssuedDuringPeriodRelatedPartyValueNewIssues
|
$312.79K | USD | Annual |
| Repurchase of common stock |
StockRepurchasedDuringPeriodValue
|
$47.19K | USD | Annual |
| Repurchase of common stock |
StockRepurchasedDuringPeriodValue
|
$28.71K | USD | Annual |
| Repurchase of common stock from related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$147.75K | USD | Annual |
| Repurchase of common stock from related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$165.02K | USD | Annual |
| Dividends paid/reinvested |
DividendsCashPaidAndReinvested
|
$-3.56M | USD | Annual |
| Dividends paid/reinvested |
DividendsCashPaidAndReinvested
|
$-3.13M | USD | Annual |
| Dividends declared/reinvested |
StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested
|
$-1.06M | USD | Annual |
| Dividends declared/reinvested |
StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested
|
$-997.17K | USD | Annual |
| Ending balance |
StockholdersEquity
|
$53.06M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$60.73M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$70.43M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.