10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-16-019221 |
| Period End Date | 20160331 |
| Filing Date | 20160512 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | netr-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Land |
Land
|
$50.61M | USD | Point-in-time |
| Land |
Land
|
$49.97M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$183.38M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$177.36M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$19.88M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$20.21M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsGross
|
$13.85M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsGross
|
$13.85M | USD | Point-in-time |
| Real estate assets and lease intangibles, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
|
$261.05M | USD | Point-in-time |
| Real estate assets and lease intangibles, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
|
$268.05M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$32.46M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$29.96M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
|
$235.59M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
|
$231.09M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.63M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.37M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$6.11M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$6.76M | USD | Point-in-time |
| Deferred leasing costs, net |
DeferredCostsLeasingNet
|
$1.48M | USD | Point-in-time |
| Deferred leasing costs, net |
DeferredCostsLeasingNet
|
$1.64M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$5.90M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$6.14M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$257.27M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$254.27M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$142.64M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$146.92M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$7.46M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$7.29M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$2.40M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$2.34M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.10M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.06M | USD | Point-in-time |
| Below-market leases, net |
BelowMarketLeaseNet
|
$2.03M | USD | Point-in-time |
| Below-market leases, net |
BelowMarketLeaseNet
|
$2.15M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$189.11M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$193.33M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$146.71M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$147.34M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-96.66M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-93.82M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$53.06M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$50.85M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$12.10M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$13.08M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$65.16M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$63.94M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$257.27M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$254.27M | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$5.34M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$8.25M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$206.51K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$38.92K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$5.38M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$8.46M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$2.47M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.94M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.09M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.23M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.66M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$1.86M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$6.36M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$4.89M | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$947.43K | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$1.49M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.90M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.43M | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$21.74K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$14.60K | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnSaleOfBusiness
|
$78.50K | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnSaleOfBusiness
|
$175.49K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$65.81K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$68.55K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-3.26M | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-2.35M | USD | 1 Quarter |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-1.86M | USD | 1 Quarter |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-1.17M | USD | 1 Quarter |
| Income from discontinued operations, net |
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
|
$30.30K | USD | 1 Quarter |
| Income from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$30.30K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.83M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.17M | USD | 1 Quarter |
| Less: Loss (income) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$-61.68K | USD | 1 Quarter |
| Less: Loss (income) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$132.51K | USD | 1 Quarter |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-1.96M | USD | 1 Quarter |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-1.10M | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.07 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.11 | USD | 1 Quarter |
| Loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.07 | USD | 1 Quarter |
| Loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.11 | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16.90M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17.24M | shares | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-1.83M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.17M | USD | 1 Quarter |
| Depreciation and amortization from continuing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$2.66M | USD | 1 Quarter |
| Depreciation and amortization from continuing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.86M | USD | 1 Quarter |
| Depreciation and amortization from discontinued operations |
DepreciationAndAmortizationDiscontinuedOperations
|
$165.65K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$129.53K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$125.08K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$-68.61K | USD | 1 Quarter |
| Gain on sales of real estate assets and partnerships, net |
GainLossOnSaleOfBusiness
|
$78.50K | USD | 1 Quarter |
| Gain on sales of real estate assets and partnerships, net |
GainLossOnSaleOfBusiness
|
$175.49K | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$308.16K | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$357.61K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$46.57K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$59.07K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$120.16K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$26.05K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$372.04K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$192.06K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$128.12K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-302.83K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$-58.92K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$71.93K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$413.44K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.11M | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$3.76M | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$7.40M | USD | 1 Quarter |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$1.17M | USD | 1 Quarter |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$749.99K | USD | 1 Quarter |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$280.32K | USD | 1 Quarter |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$135.67K | USD | 1 Quarter |
| Proceeds received from sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$1.26M | USD | 1 Quarter |
| Proceeds received from sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$614.81K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$1.03M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-654.62K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.52M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.47M | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$5.11M | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$8.10M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$3.77M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$932.43K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$50.00K | USD | 1 Quarter |
| Contributions received from noncontrolling interests in excess of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$662.19K | USD | 1 Quarter |
| Contributions received from noncontrolling interests in excess of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$1.05M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$5.82K | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$147.77K | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
$1.06M | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
$997.18K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.15M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$3.90M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.25M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.16M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.63M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.37M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.63M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.37M | USD | Point-in-time |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$551.72K | USD | 1 Quarter |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$1.24M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.75M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.61M | USD | 1 Quarter |
| Reinvestment of cash dividends |
StockIssued1
|
$633.93K | USD | 1 Quarter |
| Reinvestment of cash dividends |
StockIssued1
|
$697.79K | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.01M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.10M | USD | 1 Quarter |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$65.16M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$63.94M | USD | Point-in-time |
| Net loss |
ProfitLoss
|
$-1.83M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.17M | USD | 1 Quarter |
| Dividends declared/reinvested, value |
StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested
|
$-1.10M | USD | 1 Quarter |
| Common stock repurchased, value |
StockRepurchasedAndRetiredDuringPeriodValue
|
$5.82K | USD | 1 Quarter |
| Contributions received from noncontrolling interests, net of distributions paid |
ContributedCapitalLessDistributionsOfNoncontrollingInterests
|
$1.05M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$65.16M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$63.94M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.