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10-Q Filing

BRAEMAR HOTELS & RESORTS INC. CIK: 1574085 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001574085-20-000025
Period End Date 20200331
Filing Date 20200528
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance bhr-20200331.xml
Balance Sheet 83 line items
Line Item Tag Value Unit Period
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $220.00K USD Point-in-time
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $153.00K USD Point-in-time
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $1.79B USD Point-in-time
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $1.79B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $309.75M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $325.32M USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.47B USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.48B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $141.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $182.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $73.80M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $45.42M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $58.39M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $75.91M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $86.31M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 200.00M shares Point-in-time
Accounts receivable, net of allowance of $220 and $153, respectively AccountsReceivableNet $13.83M USD Point-in-time
Accounts receivable, net of allowance of $220 and $153, respectively AccountsReceivableNet $19.05M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 33.51M shares Point-in-time
Inventories InventoryNet $2.79M USD Point-in-time
Inventories InventoryNet $2.72M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 32.89M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 32.89M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $6.60M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 33.51M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $4.99M USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Derivative assets DerivativeAssets $650.00K USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 80.00M shares Point-in-time
Derivative assets DerivativeAssets $582.00K USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $82.25M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $82.60M USD Point-in-time
Other assets OtherAssets $13.02M USD Point-in-time
Other assets OtherAssets $15.45M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $5.02M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $4.92M USD Point-in-time
Due from related parties, net DueFromRelatedParties $551.00K USD Point-in-time
Due from related parties, net DueFromRelatedParties $854.00K USD Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $16.64M USD Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $16.95M USD Point-in-time
Total assets Assets $1.80B USD Point-in-time
Total assets Assets $1.76B USD Point-in-time
Indebtedness, net LongTermDebt $1.13B USD Point-in-time
Indebtedness, net LongTermDebt $1.06B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $87.44M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $94.92M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $9.14M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $3.21M USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $1.69M USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $1.66M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $61.06M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $61.12M USD Point-in-time
Other liabilities OtherLiabilities $17.51M USD Point-in-time
Other liabilities OtherLiabilities $17.91M USD Point-in-time
Total liabilities Liabilities $1.31B USD Point-in-time
Total liabilities Liabilities $1.25B USD Point-in-time
Commitments and contingencies (note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (note 15) CommitmentsAndContingencies - USD Point-in-time
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 5,031,473 and 5,008,421 shares issued and outstanding at March 31, 2020 and December 31, 2019 TemporaryEquityCarryingAmountAttributableToParent $106.92M USD Point-in-time
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 5,031,473 and 5,008,421 shares issued and outstanding at March 31, 2020 and December 31, 2019 TemporaryEquityCarryingAmountAttributableToParent $107.35M USD Point-in-time
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2020 and December 31, 2019 PreferredStockValueOutstanding $16.00K USD Point-in-time
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2020 and December 31, 2019 PreferredStockValueOutstanding $16.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 33,510,912 and 32,885,217 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $329.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 33,510,912 and 32,885,217 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $335.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $519.55M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $524.34M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-150.63M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-166.11M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $369.27M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $358.58M USD Point-in-time
Noncontrolling interest in consolidated entities MinorityInterest $-9.22M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.08M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $349.36M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.22M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $363.25M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.80B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.76B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerIncludingAssessedTax $117.52M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerIncludingAssessedTax $128.51M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServicesSold $82.50M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServicesSold $87.75M USD 1 Quarter
Property taxes, insurance and other PropertyTaxesInsuranceandOther $7.66M USD 1 Quarter
Property taxes, insurance and other PropertyTaxesInsuranceandOther $7.46M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $16.69M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.34M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $5.07M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $6.02M USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts $634.00K USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $1.93M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $1.13M USD 1 Quarter
Total expenses CostsAndExpenses $120.75M USD 1 Quarter
Total expenses CostsAndExpenses $114.43M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-3.23M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $14.08M USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-50.00K USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-40.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $129.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $362.00K USD 1 Quarter
Other income (expense) OtherNonrecurringIncomeExpense $138.00K USD 1 Quarter
Other income (expense) OtherNonrecurringIncomeExpense $117.00K USD 1 Quarter
Interest expense and amortization of loan costs InterestExpenseDebt $11.90M USD 1 Quarter
Interest expense and amortization of loan costs InterestExpenseDebt $14.19M USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $312.00K USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost - USD 1 Quarter
Unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $1.16M USD 1 Quarter
Unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $-872.00K USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-14.02M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-395.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $927.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $1.37M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-15.39M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-1.32M USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-572.00K USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $99.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable $-440.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable $-1.89M USD 1 Quarter
Net income (loss) attributable to Ashford Inc. NetIncomeLoss $-981.00K USD 1 Quarter
Net income (loss) attributable to Ashford Inc. NetIncomeLoss $-12.93M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $2.53M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $2.56M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $-3.51M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $-15.48M USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $-0.48 USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $-0.11 USD 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.47M shares 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.12M shares 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareDiluted $-0.11 USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareDiluted $-0.48 USD 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.12M shares 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.47M shares 1 Quarter
Cash Flow Statement 124 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-15.39M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $141.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $182.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $73.80M USD Point-in-time
Net income (loss) ProfitLoss $-1.32M USD 1 Quarter
Restricted cash RestrictedCashAndCashEquivalents $45.42M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $58.39M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $75.91M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $86.31M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.11M USD Point-in-time
Depreciation and amortization DepreciationAndAmortization $16.69M USD 1 Quarter
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $258.49M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $130.38M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $187.21M USD Point-in-time
Depreciation and amortization DepreciationAndAmortization $18.34M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.99M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.53M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $269.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $87.00K USD 1 Quarter
Amortization of loan costs AmortizationOfFinancingCosts $1.07M USD 1 Quarter
Amortization of loan costs AmortizationOfFinancingCosts $1.18M USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $312.00K USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost - USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $119.00K USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $207.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $27.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $82.00K USD 1 Quarter
Interest expense accretion on refundable membership club deposits InterestExpenseAccretionOnRefundableMembershipClubDeposits $213.00K USD 1 Quarter
Interest expense accretion on refundable membership club deposits InterestExpenseAccretionOnRefundableMembershipClubDeposits $225.00K USD 1 Quarter
Unrealized (gain) loss on investment in Ashford Inc. GainLossOnInvestmentInAffiliatedEntity - USD 1 Quarter
Unrealized (gain) loss on investment in Ashford Inc. GainLossOnInvestmentInAffiliatedEntity $707.00K USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $-937.00K USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $1.08M USD 1 Quarter
Net settlement of trading derivatives NetSettlementOfTradingDerivatives $-1.33M USD 1 Quarter
Net settlement of trading derivatives NetSettlementOfTradingDerivatives $925.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-50.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-40.00K USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit $179.00K USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit $-5.00K USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $9.35M USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $-4.00M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.72M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.54M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-49.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-8.31M USD 1 Quarter
Operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightOfUseAsset $134.00K USD 1 Quarter
Operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightOfUseAsset $115.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $-303.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $-493.00K USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $-2.52M USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $-337.00K USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $-439.00K USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $1.11M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $54.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $30.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-6.19M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $267.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-616.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-865.00K USD 1 Quarter
Proceeds from property insurance ProceedsFromInsuranceSettlementInvestingActivities - USD 1 Quarter
Proceeds from property insurance ProceedsFromInsuranceSettlementInvestingActivities $948.00K USD 1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $112.09M USD 1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Investment in unconsolidated entity PaymentsToAcquireEquityMethodInvestments $156.00K USD 1 Quarter
Investment in unconsolidated entity PaymentsToAcquireEquityMethodInvestments $26.00K USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $36.64M USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $7.51M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-148.90M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.59M USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt $249.00M USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt $75.00M USD 1 Quarter
Repayments of indebtedness RepaymentsOfDebt - USD 1 Quarter
Repayments of indebtedness RepaymentsOfDebt $187.09M USD 1 Quarter
Payments of loan costs and exit fees PaymentsOfDebtIssuanceCosts $2.44M USD 1 Quarter
Payments of loan costs and exit fees PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $55.00K USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $37.00K USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $202.00K USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $28.00K USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $7.98M USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $8.49M USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock - USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $474.00K USD 1 Quarter
Preferred stock offering costs PaymentsOfStockIssuanceCosts $110.00K USD 1 Quarter
Preferred stock offering costs PaymentsOfStockIssuanceCosts - USD 1 Quarter
Distributions to noncontrolling interest in consolidated entities PaymentsToMinorityShareholders - USD 1 Quarter
Distributions to noncontrolling interest in consolidated entities PaymentsToMinorityShareholders $2.64M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $7.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $51.13M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $64.28M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-98.38M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $56.83M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.11M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $258.49M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $130.38M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $187.21M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.11M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $258.49M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $130.38M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $187.21M USD Point-in-time
Interest paid InterestPaidNet $10.60M USD 1 Quarter
Interest paid InterestPaidNet $12.36M USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet $690.00K USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet $-1.22M USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid $82.00K USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid - USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $9.17M USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $3.21M USD 1 Quarter
Capital expenditures accrued but not paid CapitalExpendituresIncurredButNotYetPaid $17.04M USD 1 Quarter
Capital expenditures accrued but not paid CapitalExpendituresIncurredButNotYetPaid $14.89M USD 1 Quarter
Accrued but unpaid financing costs FinancingCostsIncurredButNotYetPaid - USD 1 Quarter
Accrued but unpaid financing costs FinancingCostsIncurredButNotYetPaid $1.36M USD 1 Quarter
Accrued preferred stock offering expenses NonCashPreferredStockOfferingExpense - USD 1 Quarter
Accrued preferred stock offering expenses NonCashPreferredStockOfferingExpense $25.00K USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $141.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $182.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $73.80M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $45.42M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $58.39M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $75.91M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $86.31M USD Point-in-time
Stockholders Equity 42 line items
Line Item Tag Value Unit Period
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.16 USD 1 Quarter
Common stock, $0.01 par value, 250,000,000 shares authorized, 33,510,912 and 32,885,217 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $329.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 33,510,912 and 32,885,217 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $335.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $519.55M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $524.34M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-150.63M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-166.11M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.08M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $349.36M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.22M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $363.25M USD Point-in-time
Beginning balance, temporary equity TemporaryEquityCarryingAmountAttributableToParent $106.92M USD Point-in-time
Beginning balance, temporary equity TemporaryEquityCarryingAmountAttributableToParent $107.35M USD Point-in-time
Impact of adoption of new accounting standard NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification $-103.00K USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $202.00K USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $82.00K USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $978.00K USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.42M USD 1 Quarter
Preferred stock offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $13.00K USD 1 Quarter
Issuance of restricted shares/units StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Issuance of restricted shares/units StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Forfeiture of restricted common shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Forfeiture of restricted common shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Dividends declared common stock DividendsCommonStockCash $5.33M USD 1 Quarter
Dividends declared preferred stock DividendsPreferredStockCash $825.00K USD 1 Quarter
Dividends declared preferred stock DividendsPreferredStockCash $825.00K USD 1 Quarter
Distributions to noncontrolling interests TemporaryEquityDecreaseFromDistributionsToNoncontrollingInterestHolders - USD 1 Quarter
Distributions to noncontrolling interests TemporaryEquityDecreaseFromDistributionsToNoncontrollingInterestHolders $2.64M USD 1 Quarter
Redemption/conversion of operating partnership units, temporary equity PartnersCapitalAccountRedemptions $-1.15M USD 1 Quarter
Redemption/conversion of operating partnership units, temporary equity PartnersCapitalAccountRedemptions $-3.45M USD 1 Quarter
Net income (loss) NetIncomeLoss $-981.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-12.93M USD 1 Quarter
Net income (loss) NetIncomeLossExcludingRedeemableNoncontrollingInterestinOperatingPartnership $-13.50M USD 1 Quarter
Net income (loss) NetIncomeLossExcludingRedeemableNoncontrollingInterestinOperatingPartnership $-882.00K USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $6.00K USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $-7.93M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.08M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $349.36M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.22M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $363.25M USD Point-in-time
Ending balance, temporary equity TemporaryEquityCarryingAmountAttributableToParent $106.92M USD Point-in-time
Ending balance, temporary equity TemporaryEquityCarryingAmountAttributableToParent $107.35M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-15.39M USD 1 Quarter
Net income (loss) ProfitLoss $-1.32M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-15.39M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-1.32M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest in consolidated entities ComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest $-572.00K USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest in consolidated entities ComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest $99.00K USD 1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $-440.00K USD 1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $-1.89M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY ComprehensiveIncomeNetOfTax $-981.00K USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY ComprehensiveIncomeNetOfTax $-12.93M USD 1 Quarter

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

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