10-Q Filing

ESSENTIAL PROPERTIES REALTY TRUST, INC. CIK: 1728951 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-024296`
Period End Date	20200331
Filing Date	20200511
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	eprt-10q_20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 46 Cash Flow Statement 94 Stockholders Equity 26 Comprehensive Income 12

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndImprovements`	$632.63M	USD	Point-in-time
Land and improvements	`LandAndImprovements`	$588.28M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$1.22B	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$1.32B	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$5.36M	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$4.91M	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
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$11.56M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$12.13M	USD	Point-in-time
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$80.59M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$78.92M	USD	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
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$2.05B	USD	Point-in-time
Preferred shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.91B	USD	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`	$60.23M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$100.47M	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$90.07M	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.95B	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.82B	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	91.95M	shares	Point-in-time
Loans and direct financing lease receivables, net	`NotesReceivableNet`	$92.18M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	83.76M	shares	Point-in-time
Loans and direct financing lease receivables, net	`NotesReceivableNet`	$99.49M	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	83.76M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldForSaleNet`	$3.77M	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	91.95M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldForSaleNet`	$1.21M	USD	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldForSaleNet`	$1.53M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$16.14M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$19.39M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.44B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$21.30M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.91B	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$2.05B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.30M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$21.46M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.91M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$13.02M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$29.12M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$25.93M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$14.17M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$15.96M	USD	Point-in-time
Total assets	`Assets`	$1.98B	USD	Point-in-time
Total assets	`Assets`	$2.31B	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$235.34M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$173.47M	USD	Point-in-time
Unsecured term loans, net of deferred financing costs	`UnsecuredDebt`	$625.77M	USD	Point-in-time
Unsecured term loans, net of deferred financing costs	`UnsecuredDebt`	$445.59M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$46.00M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$65.00M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$9.31M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$9.56M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$16.14M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$19.39M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$21.30M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$17.45M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$54.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$949.67M	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, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of March 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 91,949,849 and 83,761,151 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$919.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 91,949,849 and 83,761,151 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$838.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.22B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.42B	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-27.48M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-34.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$7.66M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$7.39M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.98B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.31B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$39.54M	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`	$1.94M	USD	1 Quarter
Other revenue, net	`OtherIncome`	$7.00K	USD	1 Quarter
Other revenue, net	`OtherIncome`	$7.00K	USD	1 Quarter
Total revenues	`Revenues`	$41.49M	USD	1 Quarter
Total revenues	`Revenues`	$31.11M	USD	1 Quarter
Interest	`InterestExpense`	$7.09M	USD	1 Quarter
Interest	`InterestExpense`	$6.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.19M	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.25M	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$373.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.01M	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$373.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	$468.00K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$28.59M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$23.08M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.88M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$676.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.70M	USD	1 Quarter
Loss on repayment of secured borrowings	`GainLossOnRepurchaseOfDebtInstrument`	$-924.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$231.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$91.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.79M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$67.00K	USD	1 Quarter
Net income	`ProfitLoss`	$14.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.59M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$84.00K	USD	1 Quarter
Net income attributable to stockholders	`NetIncomeLoss`	$6.13M	USD	1 Quarter
Net income attributable to stockholders	`NetIncomeLoss`	$13.96M	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	90.32M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.24M	shares	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.33M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.64M	shares	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndLeaseIntangibleAmortization`	$13.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndLeaseIntangibleAmortization`	$9.12M	USD	1 Quarter
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$57.00K	USD	1 Quarter
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$475.00K	USD	1 Quarter
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$80.00K	USD	1 Quarter
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$171.00K	USD	1 Quarter
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$816.00K	USD	1 Quarter
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$663.00K	USD	1 Quarter
Loss on repayment of secured borrowings	`GainsLossesOnExtinguishmentOfDebt`	$-924.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$373.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.44M	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	$468.00K	USD	1 Quarter
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$1.88M	USD	1 Quarter
Gain on dispositions of investments, net	`GainLossOnSaleOfInvestments`	$676.00K	USD	1 Quarter
Straight-line rent receivable	`StraightLineRent`	$3.19M	USD	1 Quarter
Straight-line rent receivable	`StraightLineRent`	$2.90M	USD	1 Quarter
Share and unit based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.51M	USD	1 Quarter
Share and unit based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.24M	USD	1 Quarter
Adjustment to rental revenue for tenant credit	`AdjustmentToRentalRevenueForTenantCredit`	$4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.95M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$299.00K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-713.00K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.08M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.35M	USD	1 Quarter
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$19.60M	USD	1 Quarter
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$10.48M	USD	1 Quarter
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$66.00K	USD	1 Quarter
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$21.00K	USD	1 Quarter
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$207.00K	USD	1 Quarter
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$8.02M	USD	1 Quarter
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-1.99M	USD	1 Quarter
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-608.00K	USD	1 Quarter
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$114.90M	USD	1 Quarter
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$155.88M	USD	1 Quarter
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$1.14M	USD	1 Quarter
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$3.65M	USD	1 Quarter
Lease incentives paid	`PaymentsForLeaseIncentives`	$2.00M	USD	1 Quarter
Lease incentives paid	`PaymentsForLeaseIncentives`	$900.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.18M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.75M	USD	1 Quarter
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$62.98M	USD	1 Quarter
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$1.97M	USD	1 Quarter
Borrowings under term loan facilities	`ProceedsFromIssuanceOfLongTermDebt`	$180.00M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$69.00M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$200.00M	USD	Point-in-time
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$52.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$50.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$86.00M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$235.70M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$198.16M	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	$203.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$13.19M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$19.39M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$186.55M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$314.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$97.78M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$192.75M	USD	1 Quarter
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`	$21.32M	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`	$214.07M	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`	$21.32M	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`	$214.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.30M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$21.46M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.91M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$13.02M	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`	$21.32M	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`	$214.07M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$5.25M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$6.30M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$52.00K	USD	1 Quarter
Adjustment upon adoption of ASC 326	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$188.00K	USD	1 Quarter
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$4.22M	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
Unrealized losses on cash flow hedges	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$38.43M	USD	1 Quarter
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$259.00K	USD	1 Quarter
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$1.07M	USD	1 Quarter
Discounts and fees on capital raised through issuance of common stock	`DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock`	$8.08M	USD	1 Quarter
Discounts and fees on capital raised through issuance of common stock	`DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock`	$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`	$19.39M	USD	Point-in-time
Dividends declared	`DividendsPayableCurrentAndNoncurrent`	$21.30M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	83.76M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	91.95M	shares	Point-in-time
Cumulative adjustment upon adoption of ASC 326	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-188.00K	USD	Point-in-time
Common stock issuance/issued	`StockIssuedDuringPeriodValueNewIssues`	$245.53M	USD	1 Quarter
Common stock issuance/issued	`StockIssuedDuringPeriodValueNewIssues`	$206.24M	USD	1 Quarter
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$10.89M	USD	1 Quarter
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$8.54M	USD	1 Quarter
Unrealized losses on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$38.43M	USD	1 Quarter
Cash flow hedge losses reclassified to interest expense	`InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet`	$332.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.51M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$227.00K	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$21.30M	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$16.14M	USD	1 Quarter
Net income	`ProfitLoss`	$14.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	83.76M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	91.95M	shares	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-38.43M	USD	1 Quarter
Cash flow hedge losses reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-332.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-38.10M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.72M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-24.06M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.59M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$84.00K	USD	1 Quarter
Adjustment for cash flow hedge losses attributable to non-controlling interests	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest`	$-229.00K	USD	1 Quarter
Comprehensive (loss) income attributable to stockholders	`ComprehensiveIncomeNetOfTax`	$-23.91M	USD	1 Quarter
Comprehensive (loss) income attributable to stockholders	`ComprehensiveIncomeNetOfTax`	$6.13M	USD	1 Quarter

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