10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001564590-19-005137`
Period End Date	20181231
Filing Date	20190228
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	eprt-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 77 Cash Flow Statement 129 Stockholders Equity 25 Comprehensive Income 2

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndImprovements`	$278.99M	USD	Point-in-time
Land and improvements	`LandAndImprovements`	$420.85M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$584.38M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$885.66M	USD	Point-in-time
Lease incentive	`LeaseIncentiveReceivable`	$2.27M	USD	Point-in-time
Lease incentive	`LeaseIncentiveReceivable`	$2.79M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.32M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$4.08M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$62.45M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$66.42M	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
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.38B	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$51.85M	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
Preferred shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.33B	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$907.35M	USD	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$2.73M	USD	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$17.50M	USD	Point-in-time
Common shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	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
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$914.25M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.34B	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	43.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.18M	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$10.10M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$5.50M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$14.26M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$7.71M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$3.04M	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Total assets	`Assets`	$942.22M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$506.12M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$511.65M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Notes payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$230.00M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$34.00M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$12.32M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$11.62M	USD	Point-in-time
Intangible lease liabilities held for sale, net	`IntangibleLeaseLiabilitiesHeldForSaleNet`	$129.00K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	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
Accrued liabilities and other payables (including $324 due to a related party as of December 31, 2017)	`AccruedLiabilitiesAndOtherLiabilities`	$4.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$760.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$569.86M	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 December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 43,749,092 issued and outstanding as of December 31, 2018	`CommonStockValue`	$431.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$569.41M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-7.66M	USD	Point-in-time
Total stockholders'/members' equity	`MembersEquity`	$50.00M	USD	Point-in-time
Total stockholders'/members' equity	`MembersEquity`	$181.40M	USD	Point-in-time
Total stockholders'/members' equity	`MembersEquity`	$562.18M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$248.86M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$942.22M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$94.94M	USD	Annual
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$15.27M	USD	3 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$53.37M	USD	Annual
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$656.00K	USD	Annual
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$293.00K	USD	Annual
Interest income on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$161.00K	USD	3 Qtrs
Other revenue	`OtherIncome`	$623.00K	USD	Annual
Other revenue	`OtherIncome`	$88.00K	USD	3 Qtrs
Other revenue	`OtherIncome`	$783.00K	USD	Annual
Total revenues	`Revenues`	$17.47M	USD	1 Quarter
Total revenues	`Revenues`	$13.58M	USD	1 Quarter
Total revenues	`Revenues`	$20.17M	USD	1 Quarter
Total revenues	`Revenues`	$15.52M	USD	3 Qtrs
Total revenues	`Revenues`	$25.74M	USD	1 Quarter
Total revenues	`Revenues`	$54.45M	USD	Annual
Total revenues	`Revenues`	$13.31M	USD	1 Quarter
Total revenues	`Revenues`	$10.09M	USD	1 Quarter
Total revenues	`Revenues`	$21.66M	USD	1 Quarter
Total revenues	`Revenues`	$28.65M	USD	1 Quarter
Total revenues	`Revenues`	$96.22M	USD	Annual
Interest (including $4,603 and $3,478 to related parties during the year ended December 31, 2018 and 2017, respectively)	`InterestExpense`	$987.00K	USD	3 Qtrs
Interest (including $4,603 and $3,478 to related parties during the year ended December 31, 2018 and 2017, respectively)	`InterestExpense`	$30.19M	USD	Annual
Interest (including $4,603 and $3,478 to related parties during the year ended December 31, 2018 and 2017, respectively)	`InterestExpense`	$22.57M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.78M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$13.76M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.32M	USD	3 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$533.00K	USD	3 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.55M	USD	Annual
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.98M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.43M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.52M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.35M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$2.38M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.30M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$4.50M	USD	Annual
Total expenses	`CostsAndExpenses`	$54.79M	USD	Annual
Total expenses	`CostsAndExpenses`	$12.57M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$81.79M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$6.75M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$871.00K	USD	3 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$5.45M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$19.88M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.82M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.41M	USD	Annual
Interest	`InterestIncomeOther`	$930.00K	USD	Annual
Interest	`InterestIncomeOther`	$3.00K	USD	3 Qtrs
Interest	`InterestIncomeOther`	$49.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.81M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.46M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.83M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$195.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$161.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$77.00K	USD	3 Qtrs
Net income	`ProfitLoss`	$2.05M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Net income	`ProfitLoss`	$3.14M	USD	1 Quarter
Net income	`ProfitLoss`	$583.00K	USD	1 Quarter
Net income	`ProfitLoss`	$8.30M	USD	1 Quarter
Net income	`ProfitLoss`	$16.33M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.61M	USD	Annual
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$6.30M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00M	USD	2 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$3.75M	USD	3 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$6.30M	USD	Annual
Net income attributable to stockholders and members	`NetIncomeLoss`	$15.61M	USD	Annual
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$3.75M	USD	3 Qtrs
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$6.30M	USD	Annual
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$15.61M	USD	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.63M	shares	2 Qtrs
Basic net income per share	`EarningsPerShareBasic`	$0.26	USD	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.77M	shares	2 Qtrs
Diluted net income per share	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs

Cash Flow Statement 129 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.05M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Net income	`ProfitLoss`	$3.14M	USD	1 Quarter
Net income	`ProfitLoss`	$583.00K	USD	1 Quarter
Net income	`ProfitLoss`	$8.30M	USD	1 Quarter
Net income	`ProfitLoss`	$16.33M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.61M	USD	Annual
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$6.30M	USD	Annual
Depreciation and lease intangible amortization	`DepreciationAndLeaseIntangibleAmortization`	$5.43M	USD	3 Qtrs
Depreciation and lease intangible amortization	`DepreciationAndLeaseIntangibleAmortization`	$19.52M	USD	Annual
Depreciation and lease intangible amortization	`DepreciationAndLeaseIntangibleAmortization`	$31.35M	USD	Annual
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$11.00K	USD	3 Qtrs
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$139.00K	USD	Annual
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$159.00K	USD	Annual
Amortization of above/below market leases	`AmortizationOfAboveAndBelowMarketLeases`	$531.00K	USD	Annual
Amortization of above/below market leases	`AmortizationOfAboveAndBelowMarketLeases`	$336.00K	USD	Annual
Amortization of above/below market leases	`AmortizationOfAboveAndBelowMarketLeases`	$116.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.88M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$101.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.80M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$2.38M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.30M	USD	3 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$4.50M	USD	Annual
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$5.45M	USD	Annual
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$871.00K	USD	3 Qtrs
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$6.75M	USD	Annual
Straight-line rent receivable	`StraightLineRent`	$4.33M	USD	Annual
Straight-line rent receivable	`StraightLineRent`	$8.81M	USD	Annual
Straight-line rent receivable	`StraightLineRent`	$1.24M	USD	3 Qtrs
Equity-based compensation expense	`EquityBasedCompensation`	$841.00K	USD	Annual
Equity-based compensation expense	`EquityBasedCompensation`	$2.44M	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$148.00K	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$385.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.30M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$767.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$501.00K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.65M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.43M	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.12M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.52M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.47M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.92M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$53.63M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$60.45M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$16.48M	USD	3 Qtrs
Principal collections on direct financing lease receivables	`ProceedsFromCollectionOfLeaseReceivables`	$79.00K	USD	Annual
Principal collections on direct financing lease receivables	`ProceedsFromCollectionOfLeaseReceivables`	$74.00K	USD	Annual
Principal collections on direct financing lease receivables	`ProceedsFromCollectionOfLeaseReceivables`	$37.00K	USD	3 Qtrs
Investments in loans and direct financing receivables	`PaymentsToAcquireLoansReceivable`	$14.85M	USD	Annual
Investments in loans and direct financing receivables	`PaymentsToAcquireLoansReceivable`	$3.70M	USD	3 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$75.00K	USD	3 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$251.00K	USD	Annual
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$1.71M	USD	Annual
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$488.35M	USD	Annual
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$288.91M	USD	3 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$509.78M	USD	Annual
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$957.00K	USD	3 Qtrs
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$15.26M	USD	Annual
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$7.74M	USD	Annual
Lease incentives paid	`PaymentsForLeaseIncentives`	$2.00M	USD	3 Qtrs
Lease incentives paid	`PaymentsForLeaseIncentives`	$275.00K	USD	Annual
Lease incentives paid	`PaymentsForLeaseIncentives`	$519.00K	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$48.00K	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.69M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-464.38M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-279.13M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-461.86M	USD	Annual
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$543.00M	USD	Annual
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$154.00M	USD	Annual
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$313.00M	USD	Annual
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$384.00M	USD	Annual
Proceeds from secured borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$248.10M	USD	Annual
Proceeds from secured borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$7.50M	USD	3 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$7.82M	USD	Annual
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$316.00K	USD	3 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$5.60M	USD	Annual
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$34.00M	USD	Annual
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$7.71M	USD	3 Qtrs
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$5.56M	USD	Annual
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$3.06M	USD	Annual
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$288.60M	USD	3 Qtrs
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$50.00M	USD	Annual
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$83.70M	USD	Annual
Distributions paid to members by Predecessor	`DistributionsToMembersByPredecessor`	$101.22M	USD	Annual
Distributions paid to members by Predecessor	`DistributionsToMembersByPredecessor`	$7.54M	USD	3 Qtrs
Proceeds from initial public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$464.18M	USD	Annual
Initial public offering costs	`PaymentsOfStockIssuanceCosts`	$5.48M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$14.07M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$449.42M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$412.75M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$280.53M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.19M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.92M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.51M	USD	Annual
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.92M	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`	$16.24M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.18M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$10.10M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.24M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$633.00K	USD	3 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$20.44M	USD	Annual
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$27.90M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$55.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$6.00K	USD	Annual
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$18.01M	USD	Annual
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$4.62M	USD	Annual
Non-cash equity contributions	`NonCashEquityContributions`	$163.09M	USD	3 Qtrs
Non-cash equity contributions	`NonCashEquityContributions`	$17.31M	USD	Annual
Non-cash distributions	`NonCashDistributions`	$273.26M	USD	3 Qtrs
Real estate investments acquired through direct equity investment	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$17.31M	USD	Annual
Real estate investments acquired through direct equity investment	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$163.09M	USD	3 Qtrs
Non-cash proceeds from secured borrowings	`NonCashProceedsFromSecuredBorrowings`	$273.26M	USD	3 Qtrs
Contribution of Predecessor equity in exchange for OP Units	`NoncashContributionOfPredecessorEquityInExchangeForOperatingPartnershipUnits`	$236.13M	USD	Annual
Underwriters discount on capital raised through initial public offering	`UnderwritersDiscountOnCapitalRaisedThroughInitialPublicOffering`	$29.63M	USD	Annual
Dividends declared on common stock	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$493.81M	USD	2 Qtrs
Concurrent private placement of common stock	`PrivatePlacement`	$109.00M	USD	2 Qtrs
Concurrent private placement of OP Units	`ConcurrentPrivatePlacementOfOPUnits`	$16.00M	USD	2 Qtrs
Costs related to initial public offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$35.11M	USD	2 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.69M	USD	2 Qtrs
Unit compensation expense	`MembersAccountUnitBasedCompensation`	$443.00K	USD	2 Qtrs
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$27.26M	USD	2 Qtrs
Net income	`ProfitLoss`	$2.05M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Net income	`ProfitLoss`	$3.14M	USD	1 Quarter
Net income	`ProfitLoss`	$583.00K	USD	1 Quarter
Net income	`ProfitLoss`	$8.30M	USD	1 Quarter
Net income	`ProfitLoss`	$16.33M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.61M	USD	Annual
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$522.00K	USD	1 Quarter
Net income	`ProfitLoss`	$6.30M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Interest expense related parties	`InterestExpenseRelatedParty`	$3.48M	USD	Annual
Interest expense related parties	`InterestExpenseRelatedParty`	$4.60M	USD	Annual

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