10-Q Filing

CARETRUST REIT, INC. CIK: 1590717 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-018698`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ctre-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 79 Cash Flow Statement 76 Stockholders Equity 26

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, Par Value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, Par Value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, Par Value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, Par Value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	47.66M	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	57.55M	shares	Point-in-time
Real estate investments, net	`LoansReceivableCommercialRealEstate`	$645.61M	USD	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	57.55M	shares	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	47.66M	shares	Point-in-time
Real estate investments, net	`LoansReceivableCommercialRealEstate`	$776.23M	USD	Point-in-time
Other real estate investments	`RealEstateInvestmentsOther`	$8.48M	USD	Point-in-time
Other real estate investments	`RealEstateInvestmentsOther`	$8.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.64M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$4.08M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.34M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$1.20M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$2.08M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$3.18M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$3.33M	USD	Point-in-time
Total assets	`Assets`	$673.17M	USD	Point-in-time
Total assets	`Assets`	$803.48M	USD	Point-in-time
Senior unsecured notes payable, net	`UnsecuredLongTermDebt`	$254.76M	USD	Point-in-time
Senior unsecured notes payable, net	`UnsecuredLongTermDebt`	$254.23M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$94.68M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$9.63M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$9.27M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$7.70M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$9.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$410.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$441.62M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized, 57,548,876 and 47,664,742 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$575.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized, 57,548,876 and 47,664,742 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$477.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$410.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$516.24M	USD	Point-in-time
Cumulative distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$148.41M	USD	Point-in-time
Cumulative distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$154.96M	USD	Point-in-time
Total equity	`StockholdersEquity`	$113.46M	USD	Point-in-time
Total equity	`StockholdersEquity`	$262.29M	USD	Point-in-time
Total equity	`StockholdersEquity`	$361.85M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$803.48M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$673.17M	USD	Point-in-time

Income Statement 79 line items

Line Item	Tag	Value	Unit	Period
Related party rental income	`RevenueFromRelatedParties`	-	USD	1 Quarter
Related party rental income	`RevenueFromRelatedParties`	$16.31M	USD	2 Qtrs
Related party rental income	`RevenueFromRelatedParties`	$2.31M	USD	1 Quarter
Related party rental income	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Related party tenant reimbursements	`ReimbursementRevenue`	-	USD	2 Qtrs
Related party tenant reimbursements	`ReimbursementRevenue`	$200.00K	USD	1 Quarter
Rental income (related party rental income of $0 and $2,308 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $16,308 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`OperatingLeasesIncomeStatementLeaseRevenue`	$15.25M	USD	1 Quarter
Related party tenant reimbursements	`ReimbursementRevenue`	-	USD	1 Quarter
Rental income (related party rental income of $0 and $2,308 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $16,308 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`OperatingLeasesIncomeStatementLeaseRevenue`	$22.78M	USD	1 Quarter
Rental income (related party rental income of $0 and $2,308 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $16,308 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`OperatingLeasesIncomeStatementLeaseRevenue`	$43.68M	USD	2 Qtrs
Related party tenant reimbursements	`ReimbursementRevenue`	$1.41M	USD	2 Qtrs
Rental income (related party rental income of $0 and $2,308 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $16,308 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`OperatingLeasesIncomeStatementLeaseRevenue`	$30.09M	USD	2 Qtrs
Tenant reimbursements (related party tenant reimbursements of $0 and $200 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $1,406 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`TenantReimbursements`	$2.55M	USD	2 Qtrs
Tenant reimbursements (related party tenant reimbursements of $0 and $200 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $1,406 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`TenantReimbursements`	$3.73M	USD	2 Qtrs
Tenant reimbursements (related party tenant reimbursements of $0 and $200 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $1,406 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`TenantReimbursements`	$1.29M	USD	1 Quarter
Tenant reimbursements (related party tenant reimbursements of $0 and $200 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $1,406 for the six months ended June 30, 2016 and 2015, respectively Note 6)	`TenantReimbursements`	$1.93M	USD	1 Quarter
Independent living facilities	`HomeBuildingRevenue`	$607.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingRevenue`	$1.24M	USD	2 Qtrs
Independent living facilities	`HomeBuildingRevenue`	$730.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingRevenue`	$1.41M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$261.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$515.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$232.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$455.00K	USD	2 Qtrs
Total revenues	`Revenues`	$17.38M	USD	1 Quarter
Total revenues	`Revenues`	$34.33M	USD	2 Qtrs
Total revenues	`Revenues`	$25.70M	USD	1 Quarter
Total revenues	`Revenues`	$49.33M	USD	2 Qtrs
Depreciation and amortization (including a below-market ground lease)	`DepreciationAndAmortization`	$7.89M	USD	1 Quarter
Depreciation and amortization (including a below-market ground lease)	`DepreciationAndAmortization`	$5.68M	USD	1 Quarter
Depreciation and amortization (including a below-market ground lease)	`DepreciationAndAmortization`	$11.28M	USD	2 Qtrs
Depreciation and amortization (including a below-market ground lease)	`DepreciationAndAmortization`	$15.19M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.63M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.89M	USD	2 Qtrs
Property taxes	`RealEstateTaxExpense`	$2.55M	USD	2 Qtrs
Property taxes	`RealEstateTaxExpense`	$1.29M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$1.93M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$3.73M	USD	2 Qtrs
Independent living facilities	`HomeBuildingCosts`	$598.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingCosts`	$566.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingCosts`	$1.22M	USD	2 Qtrs
Independent living facilities	`HomeBuildingCosts`	$1.17M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.15M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.44M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$30.03M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$15.11M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$36.20M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$18.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$7.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.27M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.13	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.25	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.25	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	57.48M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.27M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	52.79M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.79M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.27M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.28M	shares	1 Quarter
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	2 Qtrs
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.64	USD	Annual
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	2 Qtrs
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$7.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.27M	USD	1 Quarter
Depreciation and amortization (including a below-market ground lease)	`DepreciationDepletionAndAmortization`	$11.28M	USD	2 Qtrs
Depreciation and amortization (including a below-market ground lease)	`DepreciationDepletionAndAmortization`	$15.19M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.10M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.12M	USD	2 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	2 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredDebtIssuanceCost`	$326.00K	USD	2 Qtrs
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$300.00K	USD	1 Quarter
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$660.00K	USD	2 Qtrs
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$400.00K	USD	1 Quarter
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$868.00K	USD	2 Qtrs
Noncash interest income	`InterestIncomeOperating`	$455.00K	USD	2 Qtrs
Noncash interest income	`InterestIncomeOperating`	$515.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.74M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.02M	USD	2 Qtrs
Accounts receivable due from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Accounts receivable due from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.27M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$291.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$545.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.59M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.11M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$33.65M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$144.15M	USD	2 Qtrs
Improvements to real estate	`PaymentsToDevelopRealEstateAssets`	$170.00K	USD	2 Qtrs
Improvements to real estate	`PaymentsToDevelopRealEstateAssets`	$143.00K	USD	2 Qtrs
Purchases of equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$227.00K	USD	2 Qtrs
Purchases of equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.00K	USD	2 Qtrs
Escrow deposits for acquisition of real estate	`PaymentsForDepositsOnRealEstateAcquisitions`	$1.50M	USD	2 Qtrs
Escrow deposits for acquisition of real estate	`PaymentsForDepositsOnRealEstateAcquisitions`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-144.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-35.52M	USD	2 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$105.89M	USD	2 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$105.80M	USD	Point-in-time
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from the issuance of senior unsecured term loan	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	2 Qtrs
Proceeds from the issuance of senior unsecured term loan	`ProceedsFromUnsecuredNotesPayable`	-	USD	2 Qtrs
Borrowings under unsecured credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$115.00M	USD	2 Qtrs
Borrowings under unsecured credit facility	`ProceedsFromUnsecuredLinesOfCredit`	-	USD	2 Qtrs
Payments on unsecured credit facility	`RepaymentsOfUnsecuredDebt`	$92.00M	USD	2 Qtrs
Payments on unsecured credit facility	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Borrowings under senior secured revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$35.00M	USD	2 Qtrs
Borrowings under senior secured revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Payments on the mortgage notes payable	`RepaymentsOfNotesPayable`	$1.35M	USD	2 Qtrs
Payments on the mortgage notes payable	`RepaymentsOfNotesPayable`	$95.02M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$139.00K	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$1.33M	USD	2 Qtrs
Net-settle adjustment on restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Net-settle adjustment on restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$515.00K	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$9.00M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$17.55M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$114.47M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.51M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.58M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.82M	USD	2 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.32M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.64M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.32M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.64M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$10.80M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$10.79M	USD	2 Qtrs
Increase in dividends payable	`IncreaseDecreaseInDividendsPayable`	$1.14M	USD	2 Qtrs
Increase in dividends payable	`IncreaseDecreaseInDividendsPayable`	$2.14M	USD	2 Qtrs
Increase in offering costs payable	`IncreaseDecreaseInOfferingCostsPayable`	$218.00K	USD	2 Qtrs
Increase in offering costs payable	`IncreaseDecreaseInOfferingCostsPayable`	-	USD	2 Qtrs
Application of escrow deposit to acquisition of real estate	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$1.25M	USD	2 Qtrs
Application of escrow deposit to acquisition of real estate	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$500.00K	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	2 Qtrs
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.64	USD	Annual
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	2 Qtrs
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$113.46M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$262.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$361.85M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$162.96M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$105.77M	USD	2 Qtrs
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	9.78M	shares	Point-in-time
Vesting of restricted common stock, net of shares withheld for employee taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-145.00K	USD	Annual
Vesting of restricted common stock, net of shares withheld for employee taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-515.00K	USD	2 Qtrs
Amortization of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.52M	USD	Annual
Amortization of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$868.00K	USD	2 Qtrs
Common dividend ($0.64 and $0.34 per share for the twelve months ended 12/31/2015 and three months ended 3/31/2016, respectively)	`DividendsCommonStock`	$25.55M	USD	Annual
Common dividend ($0.64 and $0.34 per share for the twelve months ended 12/31/2015 and three months ended 3/31/2016, respectively)	`DividendsCommonStock`	$19.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$7.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.27M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$113.46M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$262.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$361.85M	USD	Point-in-time

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