10-Q Filing

CARETRUST REIT, INC. CIK: 1590717 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-020632`
Period End Date	20160930
Filing Date	20161102
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ctre-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 76 Cash Flow Statement 86 Stockholders Equity 28

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`	57.74M	shares	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$645.61M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$809.12M	USD	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	57.74M	shares	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	47.66M	shares	Point-in-time
Other real estate investments	`RealEstateInvestmentsJointVentures`	$8.48M	USD	Point-in-time
Other real estate investments	`RealEstateInvestmentsJointVentures`	$13.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.32M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.34M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.67M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$2.08M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$1.75M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$3.18M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$3.07M	USD	Point-in-time
Total assets	`Assets`	$673.17M	USD	Point-in-time
Total assets	`Assets`	$845.09M	USD	Point-in-time
Senior unsecured notes payable, net	`UnsecuredLongTermDebt`	$255.03M	USD	Point-in-time
Senior unsecured notes payable, net	`UnsecuredLongTermDebt`	$254.23M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	-	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$94.68M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$15.02M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$9.27M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$9.87M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$7.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$482.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$410.88M	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 September 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 September 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized, 57,741,888 and 47,664,742 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$477.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized, 57,741,888 and 47,664,742 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$577.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$519.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$410.22M	USD	Point-in-time
Cumulative distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$148.41M	USD	Point-in-time
Cumulative distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$157.01M	USD	Point-in-time
Total equity	`StockholdersEquity`	$362.77M	USD	Point-in-time
Total equity	`StockholdersEquity`	$262.29M	USD	Point-in-time
Total equity	`StockholdersEquity`	$113.46M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$845.09M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$673.17M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$45.87M	USD	3 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$24.18M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$67.86M	USD	3 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$15.78M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$5.82M	USD	3 Qtrs
Tenant reimbursements	`TenantReimbursements`	$2.09M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$1.32M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$3.87M	USD	3 Qtrs
Independent living facilities	`HomeBuildingRevenue`	$2.18M	USD	3 Qtrs
Independent living facilities	`HomeBuildingRevenue`	$766.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingRevenue`	$626.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingRevenue`	$1.87M	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$716.00K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$72.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$261.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$587.00K	USD	3 Qtrs
Total revenues	`Revenues`	$17.98M	USD	1 Quarter
Total revenues	`Revenues`	$76.44M	USD	3 Qtrs
Total revenues	`Revenues`	$52.32M	USD	3 Qtrs
Total revenues	`Revenues`	$27.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.09M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.43M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.37M	USD	3 Qtrs
Interest expense	`InterestExpense`	$19.11M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.22M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$3.87M	USD	3 Qtrs
Property taxes	`RealEstateTaxExpense`	$1.32M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$2.09M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$5.82M	USD	3 Qtrs
Independent living facilities	`HomeBuildingCosts`	$1.93M	USD	3 Qtrs
Independent living facilities	`HomeBuildingCosts`	$1.78M	USD	3 Qtrs
Independent living facilities	`HomeBuildingCosts`	$610.00K	USD	1 Quarter
Independent living facilities	`HomeBuildingCosts`	$708.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	3 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$203.00K	USD	3 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$203.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.44M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.72M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$17.26M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$19.27M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$47.29M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$55.47M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$727.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$20.96M	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.14	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.38	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.38	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.14	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	57.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.92M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.12M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.92M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.12M	shares	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`	$0.17	USD	1 Quarter
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.51	USD	3 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`	$0.17	USD	1 Quarter
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	3 Qtrs
Dividends declared per common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$727.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$20.96M	USD	3 Qtrs
Depreciation and amortization (including a below-market ground lease)	`DepreciationDepletionAndAmortization`	$23.44M	USD	3 Qtrs
Depreciation and amortization (including a below-market ground lease)	`DepreciationDepletionAndAmortization`	$17.09M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.68M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.65M	USD	3 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.20M	USD	1 Quarter
Write-off of deferred financing costs	`WriteOffOfDeferredDebtIssuanceCost`	$326.00K	USD	3 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.21M	USD	3 Qtrs
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$1.09M	USD	3 Qtrs
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$300.00K	USD	1 Quarter
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$1.21M	USD	3 Qtrs
Amortization of stock-based compensation	`AllocatedShareBasedCompensationExpense`	$400.00K	USD	1 Quarter
Straight-line rental income	`StraightLineRent`	$78.00K	USD	3 Qtrs
Straight-line rental income	`StraightLineRent`	-	USD	3 Qtrs
Noncash interest income	`InterestIncomeOperating`	$697.00K	USD	3 Qtrs
Noncash interest income	`InterestIncomeOperating`	$587.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.25M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.94M	USD	3 Qtrs
Accounts receivable due from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	3 Qtrs
Accounts receivable due from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.27M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.80M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.42M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.51M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.04M	USD	3 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$231.50M	USD	3 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$185.28M	USD	3 Qtrs
Improvements to real estate	`PaymentsToDevelopRealEstateAssets`	$143.00K	USD	3 Qtrs
Improvements to real estate	`PaymentsToDevelopRealEstateAssets`	$258.00K	USD	3 Qtrs
Purchases of equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$256.00K	USD	3 Qtrs
Purchases of equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$139.00K	USD	3 Qtrs
Preferred equity investments	`PaymentsToAcquireEquityMethodInvestments`	$4.53M	USD	3 Qtrs
Preferred equity investments	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Escrow deposit for acquisition of real estate	`PaymentsForDepositsOnRealEstateAcquisitions`	$1.00M	USD	3 Qtrs
Escrow deposit for acquisition of real estate	`PaymentsForDepositsOnRealEstateAcquisitions`	-	USD	3 Qtrs
Net proceeds from sale of vacant land	`ProceedsFromSaleOfLandHeldforinvestment`	$30.00K	USD	3 Qtrs
Net proceeds from sale of vacant land	`ProceedsFromSaleOfLandHeldforinvestment`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-191.21M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-231.87M	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$163.47M	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$2.90M	USD	1 Quarter
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$108.39M	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$105.80M	USD	Point-in-time
Proceeds from the issuance of senior unsecured term loan	`ProceedsFromUnsecuredNotesPayable`	-	USD	3 Qtrs
Proceeds from the issuance of senior unsecured term loan	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	3 Qtrs
Borrowings under unsecured revolving credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$45.00M	USD	3 Qtrs
Borrowings under unsecured revolving credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$150.00M	USD	3 Qtrs
Payments on unsecured revolving credit facility	`RepaymentsOfUnsecuredDebt`	-	USD	3 Qtrs
Payments on unsecured revolving credit facility	`RepaymentsOfUnsecuredDebt`	$92.00M	USD	3 Qtrs
Borrowings under senior secured revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$35.00M	USD	3 Qtrs
Borrowings under senior secured revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Repayments of borrowings under senior secured revolving credit facility	`RepaymentsOfSecuredDebt`	-	USD	3 Qtrs
Repayments of borrowings under senior secured revolving credit facility	`RepaymentsOfSecuredDebt`	$35.00M	USD	3 Qtrs
Payments on the mortgage notes payable	`RepaymentsOfNotesPayable`	$2.51M	USD	3 Qtrs
Payments on the mortgage notes payable	`RepaymentsOfNotesPayable`	$95.02M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$1.35M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.11M	USD	3 Qtrs
Net-settle adjustment on restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$515.00K	USD	3 Qtrs
Net-settle adjustment on restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$145.00K	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$27.40M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$14.09M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$142.11M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$189.61M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$411.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.22M	USD	3 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.88M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.10M	USD	Point-in-time
Cash and cash equivalents beginning 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`	$11.88M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.10M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.32M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$12.17M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$12.34M	USD	3 Qtrs
Increase in dividends payable	`IncreaseDecreaseInDividendsPayable`	$2.17M	USD	3 Qtrs
Increase in dividends payable	`IncreaseDecreaseInDividendsPayable`	$3.76M	USD	3 Qtrs
Increase in offering costs payable	`IncreaseDecreaseInOfferingCostsPayable`	$503.00K	USD	3 Qtrs
Increase in offering costs payable	`IncreaseDecreaseInOfferingCostsPayable`	-	USD	3 Qtrs
Application of escrow deposit to acquisition of real estate	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$1.25M	USD	3 Qtrs
Application of escrow deposit to acquisition of real estate	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$500.00K	USD	3 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.64	USD	Annual
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.51	USD	3 Qtrs
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	3 Qtrs
Common dividend (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$362.77M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$262.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$113.46M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$108.39M	USD	3 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$162.96M	USD	Annual
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	183,012.00	shares	1 Quarter
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`	$-515.00K	USD	3 Qtrs
Vesting of restricted common stock, net of shares withheld for employee taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-145.00K	USD	Annual
Amortization of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.21M	USD	3 Qtrs
Amortization of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.52M	USD	Annual
Common dividend ($0.64 and $0.51 per share for the twelve months ended 12/31/2015 and nine months ended 9/30/2016, respectively)	`DividendsCommonStock`	$29.57M	USD	3 Qtrs
Common dividend ($0.64 and $0.51 per share for the twelve months ended 12/31/2015 and nine months ended 9/30/2016, respectively)	`DividendsCommonStock`	$25.55M	USD	Annual
Net income	`NetIncomeLoss`	$5.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$727.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.03M	USD	Annual
Net income	`NetIncomeLoss`	$20.96M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$362.77M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$262.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$113.46M	USD	Point-in-time

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