10-Q Filing

ESSENTIAL PROPERTIES REALTY TRUST, INC. CIK: 1728951 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-017477`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	eprt-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 41 Cash Flow Statement 84 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndImprovements`	$451.46M	USD	Point-in-time
Land and improvements	`LandAndImprovements`	$420.85M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$956.50M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$885.66M	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$4.79M	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$2.79M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.32M	USD	Point-in-time
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.46M	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
Preferred shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$69.13M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$66.42M	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.48B	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.38B	USD	Point-in-time
Preferred shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$31.31M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$60.23M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$51.85M	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.33B	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.42B	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$17.50M	USD	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$11.94M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	57.83M	shares	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	43.75M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	$3.77M	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	57.83M	shares	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	-	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.44B	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$962.83M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.34B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$16.14M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.11M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.91M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.33M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$16.61M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$14.26M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$10.07M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$7.71M	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$504.73M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$506.12M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	-	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$34.00M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$11.62M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$10.07M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$16.14M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$4.94M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$10.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$569.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$541.04M	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 57,825,460 and 43,749,092 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$571.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 57,825,460 and 43,749,092 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$431.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$805.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$569.41M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-13.67M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-7.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$562.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$792.04M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$247.45M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$248.86M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$20.09M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$30.77M	USD	1 Quarter
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$326.00K	USD	1 Quarter
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$70.00K	USD	1 Quarter
Other revenue	`OtherIncome`	$4.00K	USD	1 Quarter
Other revenue	`OtherIncome`	$7.00K	USD	1 Quarter
Total revenues	`Revenues`	$20.17M	USD	1 Quarter
Total revenues	`Revenues`	$31.11M	USD	1 Quarter
Interest (including $2,079 to related parties during the three months ended March 31, 2018)	`InterestExpense`	$8.28M	USD	1 Quarter
Interest (including $2,079 to related parties during the three months ended March 31, 2018)	`InterestExpense`	$7.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.19M	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.25M	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$347.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.47M	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.85M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$23.08M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$20.30M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$676.00K	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.23M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.10M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.70M	USD	1 Quarter
Interest	`InterestIncomeOther`	$36.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$91.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.14M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$30.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$67.00K	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.59M	USD	1 Quarter
Net income attributable to stockholders and members	`NetIncomeLoss`	$6.13M	USD	1 Quarter
Net income attributable to stockholders and members	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$6.13M	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$1.11M	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.24M	shares	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.64M	shares	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.47M	USD	1 Quarter
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$38.00K	USD	1 Quarter
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$57.00K	USD	1 Quarter
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$171.00K	USD	1 Quarter
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$138.00K	USD	1 Quarter
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$576.00K	USD	1 Quarter
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$816.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.85M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$676.00K	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.23M	USD	1 Quarter
Straight-line rent receivable	`StraightLineRent`	$1.65M	USD	1 Quarter
Straight-line rent receivable	`StraightLineRent`	$2.90M	USD	1 Quarter
Equity-based compensation expense	`EquityBasedCompensation`	$1.24M	USD	1 Quarter
Equity-based compensation expense	`EquityBasedCompensation`	$178.00K	USD	1 Quarter
Adjustment to rental revenue for tenant credit/allowance for doubtful accounts	`AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts`	$53.00K	USD	1 Quarter
Adjustment to rental revenue for tenant credit/allowance for doubtful accounts	`AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts`	$4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$299.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.92M	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-713.00K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-381.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.98M	USD	1 Quarter
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$10.48M	USD	1 Quarter
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$7.72M	USD	1 Quarter
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$21.00K	USD	1 Quarter
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$18.00K	USD	1 Quarter
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$207.00K	USD	1 Quarter
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-36.00K	USD	1 Quarter
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-1.99M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$113.62M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$59.07M	USD	1 Quarter
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$5.10M	USD	1 Quarter
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$1.14M	USD	1 Quarter
Lease incentives paid	`PaymentsForLeaseIncentives`	$2.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.28M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.75M	USD	1 Quarter
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$45.00M	USD	1 Quarter
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$50.00M	USD	1 Quarter
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$1.97M	USD	1 Quarter
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$2.07M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$52.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$86.00M	USD	1 Quarter
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$18.00K	USD	1 Quarter
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$50.00M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$235.70M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$13.19M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$186.55M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.26M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$97.78M	USD	1 Quarter
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`	$114.02M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.17M	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`	$114.02M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.11M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.91M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.33M	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`	$114.02M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.17M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$6.30M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$7.70M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$24.00K	USD	1 Quarter
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$1.57M	USD	1 Quarter
Non-cash investments in real estate and loan receivable activity	`TransferToInvestments`	$5.75M	USD	1 Quarter
Lease liabilities arising from the recognition of right of use assets	`NonCashLeaseLiabilitiesArisingFromRecognitionOfRightOfUseAssets`	$4.82M	USD	1 Quarter
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$1.07M	USD	1 Quarter
Underwriters discount on capital raised through issuance of common stock	`UnderwritersDiscountOnCapitalRaisedThroughIssuanceOfCommonStock`	$9.82M	USD	1 Quarter
Payable and accrued deferred financing costs	`NoncashPayableAndAccruedDeferredFinancingCosts`	$67.00K	USD	1 Quarter
Dividends declared	`DividendsPayableCurrentAndNoncurrent`	$16.14M	USD	Point-in-time
Dividends declared	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	57.83M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$245.53M	USD	1 Quarter
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$10.89M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Contributions	`CapitalAccountContributions`	$50.00M	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$227.00K	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$242.00K	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$16.14M	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	57.83M	shares	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`	-	USD	1 Quarter
Interest expense related parties	`InterestExpenseRelatedParty`	$2.08M	USD	1 Quarter

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