10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-20-007464 |
| Period End Date | 20200331 |
| Filing Date | 20200511 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | cmct-20200331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$508.71M | USD | Point-in-time |
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$509.28M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.76M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$298.84M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.74M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$10.43M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$12.15M | USD | Point-in-time |
| Loans receivable, net |
NotesReceivableNet
|
$65.17M | USD | Point-in-time |
| Loans receivable, net |
NotesReceivableNet
|
$68.08M | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$3.53M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$3.52M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$35.69M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$34.86M | USD | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$6.81M | USD | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$7.26M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
14.60M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
14.60M | shares | Point-in-time |
| Other assets |
OtherAssets
|
$9.88M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
14.60M | shares | Point-in-time |
| Other assets |
OtherAssets
|
$9.22M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
14.60M | shares | Point-in-time |
| TOTAL ASSETS |
Assets
|
$663.54M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$667.59M | USD | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$307.42M | USD | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$307.90M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$17.03M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$24.31M | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$1.28M | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$1.03M | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$9.43M | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$10.32M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$9.55M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$10.11M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$352.56M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$345.82M | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 14,602,149 shares issued and outstanding at March 31, 2020 and December 31, 2019. |
CommonStockValue
|
$15.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 14,602,149 shares issued and outstanding at March 31, 2020 and December 31, 2019. |
CommonStockValue
|
$15.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$794.27M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$794.83M | USD | Point-in-time |
| Distributions in excess of earnings |
RetainedEarningsAccumulatedDeficit
|
$-746.40M | USD | Point-in-time |
| Distributions in excess of earnings |
RetainedEarningsAccumulatedDeficit
|
$-740.62M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$277.69M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$279.03M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$509.00K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$505.00K | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$279.54M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$278.19M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$667.59M | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$663.54M | USD | Point-in-time |
Income Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Reverse stock split ratio, common stock |
StockholdersEquityNoteStockSplitConversionRatio1
|
0.33 | pure | Point-in-time |
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$14.82M | USD | 1 Quarter |
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$33.58M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$9.80M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$7.76M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$3.89M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$2.96M | USD | 1 Quarter |
| REVENUES |
Revenues
|
$25.54M | USD | 1 Quarter |
| REVENUES |
Revenues
|
$47.28M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedRentedAndOtherPropertyOperating
|
$20.25M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedRentedAndOtherPropertyOperating
|
$12.52M | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$4.14M | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$5.89M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$3.17M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$4.04M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.73M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.79M | USD | 1 Quarter |
| Transaction costs |
BusinessCombinationAcquisitionRelatedCosts
|
$44.00K | USD | 1 Quarter |
| Transaction costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.26M | USD | 1 Quarter |
| Loss on early extinguishment of debt (Note 7) |
GainsLossesOnExtinguishmentOfDebt
|
$-25.07M | USD | 1 Quarter |
| Loss on early extinguishment of debt (Note 7) |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
$66.20M | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
$2.80M | USD | 1 Quarter |
| EXPENSES |
CostsAndExpenses
|
$132.92M | USD | 1 Quarter |
| EXPENSES |
CostsAndExpenses
|
$26.81M | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
$377.58M | USD | 1 Quarter |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$291.94M | USD | 1 Quarter |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-1.28M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$318.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$-22.00K | USD | 1 Quarter |
| NET (LOSS) INCOME |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| NET (LOSS) INCOME |
ProfitLoss
|
$-1.26M | USD | 1 Quarter |
| Net (income) loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-174.00K | USD | 1 Quarter |
| Net (income) loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$4.00K | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$291.80M | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$-1.26M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 10) |
RedeemablePreferredStockDividendsAccumulated
|
$4.16M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 10) |
RedeemablePreferredStockDividendsAccumulated
|
$5.36M | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends (Note 10) |
RedeemablePreferredStockDividends
|
- | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends (Note 10) |
RedeemablePreferredStockDividends
|
$161.00K | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 10) |
PreferredStockRedemptionPremium
|
$10.00K | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 10) |
PreferredStockRedemptionPremium
|
$4.00K | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
|
$287.63M | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
|
$-6.79M | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$19.70 | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$-0.46 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$-0.46 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$18.90 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.60M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.60M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
14.60M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
15.24M | shares | 1 Quarter |
Cash Flow Statement
151 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-1.26M | USD | 1 Quarter |
| Deferred rent and amortization of intangible assets, liabilities and lease inducements |
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
|
$-816.00K | USD | 1 Quarter |
| Deferred rent and amortization of intangible assets, liabilities and lease inducements |
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
|
$-193.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.26M | USD | 1 Quarter |
| Reclassification from AOCI to interest expense |
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
$1.81M | USD | 1 Quarter |
| Reclassification from AOCI to interest expense |
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
- | USD | 1 Quarter |
| Reclassification from other assets to interest expense for swap termination |
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
$-1.42M | USD | 1 Quarter |
| Reclassification from other assets to interest expense for swap termination |
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
- | USD | 1 Quarter |
| Change in fair value of swaps |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
$209.00K | USD | 1 Quarter |
| Change in fair value of swaps |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
- | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$377.58M | USD | 1 Quarter |
| Impairment of real estate |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| Impairment of real estate |
ImpairmentOfRealEstate
|
$66.20M | USD | 1 Quarter |
| Impairment of real estate |
ImpairmentOfRealEstate
|
$2.80M | USD | 1 Quarter |
| Loss on early extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-25.07M | USD | 1 Quarter |
| Loss on early extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$266.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$309.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$4.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$-25.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$442.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$451.00K | USD | 1 Quarter |
| Amortization and accretion on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$179.00K | USD | 1 Quarter |
| Amortization and accretion on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$98.00K | USD | 1 Quarter |
| Bad debt expense (recovery) |
ProvisionForDoubtfulAccounts
|
$-98.00K | USD | 1 Quarter |
| Bad debt expense (recovery) |
ProvisionForDoubtfulAccounts
|
$225.00K | USD | 1 Quarter |
| Deferred income taxes |
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
|
$95.00K | USD | 1 Quarter |
| Deferred income taxes |
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
|
$-151.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$56.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$8.88M | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$2.55M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$11.29M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$9.52M | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$2.01M | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$112.00K | USD | 1 Quarter |
| Other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-49.00K | USD | 1 Quarter |
| Other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-297.00K | USD | 1 Quarter |
| Accounts receivable and interest receivable |
IncreaseDecreaseInReceivables
|
$-740.00K | USD | 1 Quarter |
| Accounts receivable and interest receivable |
IncreaseDecreaseInReceivables
|
$300.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-643.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$695.00K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.04M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$489.00K | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$262.00K | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$83.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-5.03M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-497.00K | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$-1.72M | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$886.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$14.39M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.98M | USD | 1 Quarter |
| Additions to investments in real estate |
PaymentsToDevelopRealEstateAssets
|
$12.62M | USD | 1 Quarter |
| Additions to investments in real estate |
PaymentsToDevelopRealEstateAssets
|
$5.63M | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$652.89M | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
- | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$2.96M | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$851.00K | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$3.32M | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$2.25M | USD | 1 Quarter |
| Other investing activity |
PaymentsForProceedsFromOtherInvestingActivities
|
$-23.00K | USD | 1 Quarter |
| Other investing activity |
PaymentsForProceedsFromOtherInvestingActivities
|
$-30.00K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$641.69M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.24M | USD | 1 Quarter |
| Payment of unsecured revolving lines of credit, revolving credit facility and or term note |
RepaymentsOfLongTermLinesOfCredit
|
$130.00M | USD | 1 Quarter |
| Payment of unsecured revolving lines of credit, revolving credit facility and or term note |
RepaymentsOfLongTermLinesOfCredit
|
$5.00M | USD | 1 Quarter |
| Proceeds from unsecured revolving lines of credit, revolving credit facility and or term note |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from unsecured revolving lines of credit, revolving credit facility and or term note |
ProceedsFromLinesOfCredit
|
$11.50M | USD | 1 Quarter |
| Payment of mortgages payable |
RepaymentsOfFirstMortgageBond
|
- | USD | 1 Quarter |
| Payment of mortgages payable |
RepaymentsOfFirstMortgageBond
|
$46.00M | USD | 1 Quarter |
| Investments in marketable securities in connection with the legal defeasance of mortgages payable |
PaymentsToAcquireMarketableSecurities
|
$224.09M | USD | 1 Quarter |
| Investments in marketable securities in connection with the legal defeasance of mortgages payable |
PaymentsToAcquireMarketableSecurities
|
- | USD | 1 Quarter |
| Prepayment penalties and other payments for early extinguishment of debt |
PaymentsOfDebtExtinguishmentCosts
|
- | USD | 1 Quarter |
| Prepayment penalties and other payments for early extinguishment of debt |
PaymentsOfDebtExtinguishmentCosts
|
$5.56M | USD | 1 Quarter |
| Payment of principal on SBA 7(a) loan-backed notes |
RepaymentsOfNotesPayable
|
$3.27M | USD | 1 Quarter |
| Payment of principal on SBA 7(a) loan-backed notes |
RepaymentsOfNotesPayable
|
$4.25M | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
$2.01M | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
$112.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfStockIssuanceCosts
|
$126.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfStockIssuanceCosts
|
$207.00K | USD | 1 Quarter |
| Payment of other deferred costs |
PaymentofOtherDeferredCosts
|
$82.00K | USD | 1 Quarter |
| Payment of other deferred costs |
PaymentofOtherDeferredCosts
|
- | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfDividendsCommonStock
|
$5.47M | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfDividendsCommonStock
|
$1.09M | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Warrants |
ProceedsFromIssuanceOfWarrants
|
$9.00K | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Warrants |
ProceedsFromIssuanceOfWarrants
|
$29.00K | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$10.92M | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$14.94M | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$67.00K | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$186.00K | USD | 1 Quarter |
| Net cash used in by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-422.69M | USD | 1 Quarter |
| Net cash used in by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.50M | USD | 1 Quarter |
| Change in cash balances included in assets held for sale |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingDisposalGroupAndDiscontinuedOperations
|
$10.00K | USD | 1 Quarter |
| Change in cash balances included in assets held for sale |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingDisposalGroupAndDiscontinuedOperations
|
- | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-2.76M | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$233.41M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.17M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$310.58M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$35.95M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.19M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.17M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$310.58M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$35.95M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.19M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.76M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$298.84M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.74M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$10.43M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$12.15M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.17M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$310.58M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$35.95M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.19M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
$2.90M | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
$5.73M | USD | 1 Quarter |
| Federal income taxes paid |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Federal income taxes paid |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Additions to investments in real estate included in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$2.46M | USD | 1 Quarter |
| Additions to investments in real estate included in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$4.86M | USD | 1 Quarter |
| Additions to deferred costs included in accounts payable and accrued expenses |
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
$145.00K | USD | 1 Quarter |
| Additions to deferred costs included in accounts payable and accrued expenses |
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
$382.00K | USD | 1 Quarter |
| Additions to preferred stock offering costs included in accounts payable and accrued expenses |
StockOfferingCostsNotYetPaid
|
$538.00K | USD | 1 Quarter |
| Additions to preferred stock offering costs included in accounts payable and accrued expenses |
StockOfferingCostsNotYetPaid
|
$281.00K | USD | 1 Quarter |
| Accrual of dividends payable to preferred stockholders |
DividendsPayableCurrentAndNoncurrent
|
$1.01M | USD | Point-in-time |
| Accrual of dividends payable to preferred stockholders |
DividendsPayableCurrentAndNoncurrent
|
$2.21M | USD | Point-in-time |
| Preferred stock offering costs offset against redeemable preferred stock in temporary equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$176.00K | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock in temporary equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$44.00K | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock in permanent equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
|
- | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock in permanent equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
|
$2.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$6.95M | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.89M | USD | 1 Quarter |
| Reclassification of loans receivable, net to real estate owned |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
- | USD | 1 Quarter |
| Reclassification of loans receivable, net to real estate owned |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$243.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses |
ReclassificationsOfTemporaryEquityToLiabilities
|
- | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses |
ReclassificationsOfTemporaryEquityToLiabilities
|
$18.00K | USD | 1 Quarter |
| Establishment of right-of use asset and lease liability |
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
$362.00K | USD | 1 Quarter |
| Establishment of right-of use asset and lease liability |
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
- | USD | 1 Quarter |
| Marketable securities transferred in connection with the legal defeasance of mortgages payable |
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
|
$224.09M | USD | 1 Quarter |
| Marketable securities transferred in connection with the legal defeasance of mortgages payable |
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
|
- | USD | 1 Quarter |
| Mortgage notes payable legally defeased |
MortgagesPayableDefeased
|
- | USD | 1 Quarter |
| Mortgage notes payable legally defeased |
MortgagesPayableDefeased
|
$205.50M | USD | 1 Quarter |
| Mortgage note assumed in connection with our sale of real estate |
NotesAssumed1
|
$28.20M | USD | 1 Quarter |
| Mortgage note assumed in connection with our sale of real estate |
NotesAssumed1
|
- | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends |
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
- | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends |
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
$161.00K | USD | 1 Quarter |
| Redeemable preferred stock fees included in accounts payable and accrued expenses |
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
- | USD | 1 Quarter |
| Redeemable preferred stock fees included in accounts payable and accrued expenses |
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
$78.00K | USD | 1 Quarter |
Stockholders Equity
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common dividends (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.07 | USD | 1 Quarter |
| Common dividends (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.38 | USD | 1 Quarter |
| Reverse stock split ratio, common stock |
StockholdersEquityNoteStockSplitConversionRatio1
|
0.33 | pure | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$279.54M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$278.19M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
| Stock-based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$56.00K | USD | 1 Quarter |
| Stock-based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$5.47M | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$1.09M | USD | 1 Quarter |
| Issuance of Series A Preferred Warrants |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$28.00K | USD | 1 Quarter |
| Issuance of Series A Preferred Warrants |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$9.00K | USD | 1 Quarter |
| Issuance of Series D Preferred Stock |
StockIssuedDuringPeriodValueNewIssues
|
$145.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$6.95M | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.89M | USD | 1 Quarter |
| Redeemable Preferred Stock deemed dividends |
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
- | USD | 1 Quarter |
| Redeemable Preferred Stock deemed dividends |
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
$161.00K | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
StockRedeemedOrCalledDuringPeriodValue
|
$38.00K | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
StockRedeemedOrCalledDuringPeriodValue
|
$66.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
- | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-1.81M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-1.26M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$279.54M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$278.19M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET (LOSS) INCOME |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| NET (LOSS) INCOME |
ProfitLoss
|
$-1.26M | USD | 1 Quarter |
| Other comprehensive loss: cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
- | USD | 1 Quarter |
| Other comprehensive loss: cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$-1.81M | USD | 1 Quarter |
| COMPREHENSIVE (LOSS) INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$289.82M | USD | 1 Quarter |
| COMPREHENSIVE (LOSS) INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-1.26M | USD | 1 Quarter |
| Comprehensive (income) loss attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$4.00K | USD | 1 Quarter |
| Comprehensive (income) loss attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-174.00K | USD | 1 Quarter |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
ComprehensiveIncomeNetOfTax
|
$289.99M | USD | 1 Quarter |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
ComprehensiveIncomeNetOfTax
|
$-1.26M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.