10-Q Filing

ESSENTIAL PROPERTIES REALTY TRUST, INC. CIK: 1728951 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-026645`
Period End Date	20180930
Filing Date	20181105
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	eprt-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 84 Cash Flow Statement 95 Stockholders Equity 16 Comprehensive Income 4

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndImprovements`	$278.99M	USD	Point-in-time
Land and improvements	`LandAndImprovements`	$392.83M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$584.38M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$828.94M	USD	Point-in-time
Lease incentive	`LeaseIncentiveReceivable`	$2.27M	USD	Point-in-time
Lease incentive	`LeaseIncentiveReceivable`	$2.54M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$4.08M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$3.93M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$62.45M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$64.54M	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.29B	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$932.17M	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$19.55M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$43.63M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$24.82M	USD	Point-in-time
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.25B	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$907.35M	USD	Point-in-time
Preferred shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$13.05M	USD	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$2.73M	USD	Point-in-time
Common shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	$1.41M	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	$4.17M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$777.00M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.26B	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$914.25M	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.05M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	43.75M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$809.00K	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$12.18M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.34M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$5.50M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$11.21M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$6.05M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$3.04M	USD	Point-in-time
Total assets	`Assets`	$942.22M	USD	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.25M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$507.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.05M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$511.65M	USD	Point-in-time
Notes payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$14.07M	USD	Point-in-time
Notes payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$230.00M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$11.88M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$6.63M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$6.72M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$12.32M	USD	Point-in-time
Intangible lease liabilities held for sale, net	`IntangibleLeaseLiabilitiesHeldForSaleNet`	$129.00K	USD	Point-in-time
Intangible lease liabilities held for sale, net	`IntangibleLeaseLiabilitiesHeldForSaleNet`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.07M	USD	Point-in-time
Accrued liabilities and other payables (including $324 due to a related party as of December 31, 2017)	`AccruedLiabilitiesAndOtherLiabilities`	$6.63M	USD	Point-in-time
Accrued liabilities and other payables (including $324 due to a related party as of December 31, 2017)	`AccruedLiabilitiesAndOtherLiabilities`	$6.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$760.82M	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of September 30, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of September 30, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 43,749,092 issued and outstanding as of September 30, 2018	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 43,749,092 issued and outstanding as of September 30, 2018	`CommonStockValue`	$431.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$568.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-4.25M	USD	Point-in-time
Total stockholders'/members' equity	`MembersEquity`	$181.40M	USD	Point-in-time
Total stockholders'/members' equity	`MembersEquity`	$564.55M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	-	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$250.34M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$814.89M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$942.22M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$67.12M	USD	3 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$36.10M	USD	3 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$25.50M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.43M	USD	1 Quarter
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$65.00K	USD	1 Quarter
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$220.00K	USD	1 Quarter
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$230.00K	USD	3 Qtrs
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$379.00K	USD	3 Qtrs
Other revenue	`OtherIncome`	$26.00K	USD	1 Quarter
Other revenue	`OtherIncome`	$88.00K	USD	1 Quarter
Other revenue	`OtherIncome`	$648.00K	USD	3 Qtrs
Other revenue	`OtherIncome`	$75.00K	USD	3 Qtrs
Total revenues	`Revenues`	$13.58M	USD	1 Quarter
Total revenues	`Revenues`	$36.98M	USD	3 Qtrs
Total revenues	`Revenues`	$25.74M	USD	1 Quarter
Total revenues	`Revenues`	$67.57M	USD	3 Qtrs
Interest (including $0, $438, $4,603 and $2,361 to related parties during the three and nine months ended September 30, 2018 and 2017, respectively)	`InterestExpense`	$23.47M	USD	3 Qtrs
Interest (including $0, $438, $4,603 and $2,361 to related parties during the three and nine months ended September 30, 2018 and 2017, respectively)	`InterestExpense`	$6.32M	USD	1 Quarter
Interest (including $0, $438, $4,603 and $2,361 to related parties during the three and nine months ended September 30, 2018 and 2017, respectively)	`InterestExpense`	$6.56M	USD	1 Quarter
Interest (including $0, $438, $4,603 and $2,361 to related parties during the three and nine months ended September 30, 2018 and 2017, respectively)	`InterestExpense`	$15.19M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.87M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.61M	USD	3 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$389.00K	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.22M	USD	3 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$494.00K	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.24M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$22.84M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.76M	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$3.53M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$770.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$857.00K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$15.05M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$20.12M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$60.94M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$37.56M	USD	3 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.74M	USD	3 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$5.10M	USD	3 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.97M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.46M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.16M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.08M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$501.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.74M	USD	3 Qtrs
Interest	`InterestIncomeOther`	$719.00K	USD	3 Qtrs
Interest	`InterestIncomeOther`	$12.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$23.00K	USD	3 Qtrs
Interest	`InterestIncomeOther`	$655.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.18M	USD	3 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$513.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.73M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.46M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$143.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-9.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$33.00K	USD	3 Qtrs
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$12.31M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.15M	USD	3 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.38M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.48M	USD	3 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$5.32M	USD	1 Quarter
Net income attributable to stockholders and members	`NetIncomeLoss`	$9.83M	USD	3 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$3.15M	USD	3 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$522.00K	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$5.32M	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$9.83M	USD	3 Qtrs
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$522.00K	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$3.15M	USD	3 Qtrs
Basic weighted-average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.24M	shares	3 Qtrs
Basic weighted-average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.36M	shares	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Basic net income per share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Diluted weighted-average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.34M	shares	3 Qtrs
Diluted weighted-average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.47M	shares	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Cash dividends declared per share	`DividendsDeclaredPerShare`	$0.22	USD	1 Quarter
Cash dividends declared per share	`DividendsDeclaredPerShare`	$0.22	USD	3 Qtrs

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$12.31M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.15M	USD	3 Qtrs
Depreciation and lease intangible amortization	`DepreciationAndLeaseIntangibleAmortization`	$13.24M	USD	3 Qtrs
Depreciation and lease intangible amortization	`DepreciationAndLeaseIntangibleAmortization`	$22.84M	USD	3 Qtrs
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$116.00K	USD	3 Qtrs
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$101.00K	USD	3 Qtrs
Amortization of above/below market leases	`AmortizationOfAboveAndBelowMarketLeases`	$283.00K	USD	3 Qtrs
Amortization of above/below market leases	`AmortizationOfAboveAndBelowMarketLeases`	$727.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.31M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.98M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$3.53M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$770.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$857.00K	USD	1 Quarter
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$5.10M	USD	3 Qtrs
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$3.74M	USD	3 Qtrs
Straight-line rent receivable	`StraightLineRent`	$5.77M	USD	3 Qtrs
Straight-line rent receivable	`StraightLineRent`	$3.08M	USD	3 Qtrs
Equity-based compensation expense	`EquityBasedCompensation`	$581.00K	USD	3 Qtrs
Equity-based compensation expense	`EquityBasedCompensation`	$1.40M	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$21.00K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$311.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$440.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-179.00K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.98M	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.78M	USD	3 Qtrs
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$40.91M	USD	3 Qtrs
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$35.83M	USD	3 Qtrs
Principal collections on direct financing lease receivables	`ProceedsFromCollectionOfLeaseReceivables`	$55.00K	USD	3 Qtrs
Principal collections on direct financing lease receivables	`ProceedsFromCollectionOfLeaseReceivables`	$61.00K	USD	3 Qtrs
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$10.38M	USD	3 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$297.00K	USD	3 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$150.00K	USD	3 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$353.33M	USD	3 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$386.84M	USD	3 Qtrs
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$14.31M	USD	3 Qtrs
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$4.03M	USD	3 Qtrs
Lease incentives paid	`PaymentsForLeaseIncentives`	$269.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$323.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$759.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-371.74M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-322.09M	USD	3 Qtrs
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$154.00M	USD	3 Qtrs
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$412.00M	USD	3 Qtrs
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$313.00M	USD	3 Qtrs
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$384.00M	USD	3 Qtrs
Proceeds from secured borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$248.10M	USD	3 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$3.75M	USD	3 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$5.88M	USD	3 Qtrs
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$5.57M	USD	3 Qtrs
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$3.31M	USD	3 Qtrs
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$50.00M	USD	3 Qtrs
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$83.70M	USD	3 Qtrs
Distributions paid to members by Predecessor	`DistributionsToMembersByPredecessor`	$101.22M	USD	3 Qtrs
Proceeds from initial public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$464.18M	USD	3 Qtrs
Initial public offering costs	`PaymentsOfStockIssuanceCosts`	$2.40M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$320.26M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$397.61M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$54.65M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.47M	USD	3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.92M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.05M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$809.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.18M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.34M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.92M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$22.09M	USD	3 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$13.77M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$48.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.00K	USD	3 Qtrs
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$14.45M	USD	3 Qtrs
Non-cash equity contributions	`NonCashEquityContributions`	$17.31M	USD	3 Qtrs
Real estate investments acquired through direct equity investment	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$17.31M	USD	3 Qtrs
Contribution of Predecessor equity in exchange for OP Units	`NoncashContributionOfPredecessorEquityInExchangeForOperatingPartnershipUnits`	$236.13M	USD	3 Qtrs
Payable and accrued initial public offering costs	`NoncashPayableAndAccruedInitialPublicOfferingCosts`	$3.08M	USD	3 Qtrs
Underwriters discount on capital raised through initial public offering	`UnderwritersDiscountOnCapitalRaisedThroughInitialPublicOffering`	$29.63M	USD	3 Qtrs
Payable and accrued deferred financing costs	`NoncashPayableAndAccruedDeferredFinancingCosts`	$271.00K	USD	3 Qtrs
Dividends declared on common stock	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends declared on common stock	`DividendsPayableCurrentAndNoncurrent`	$14.07M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$814.89M	USD	Point-in-time
Initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$493.81M	USD	1 Quarter
Concurrent private placement of common stock	`PrivatePlacement`	$109.00M	USD	1 Quarter
Concurrent private placement of OP Units	`ConcurrentPrivatePlacementOfOPUnits`	$16.00M	USD	1 Quarter
Costs related to initial public offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$35.11M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$869.00K	USD	1 Quarter
Unit compensation expense	`MembersAccountUnitBasedCompensation`	$228.00K	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$-14.07M	USD	1 Quarter
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$12.31M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.15M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$814.89M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Interest expense related parties	`InterestExpenseRelatedParty`	$438.00K	USD	1 Quarter
Interest expense related parties	`InterestExpenseRelatedParty`	$2.36M	USD	3 Qtrs
Interest expense related parties	`InterestExpenseRelatedParty`	$4.60M	USD	3 Qtrs
Interest expense related parties	`InterestExpenseRelatedParty`	-	USD	1 Quarter

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