2022 Q1 Form 10-Q Financial Statement

#000165013222000046 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $54.40M $46.75M
YoY Change 16.37% 10.17%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $14.00M $10.62M
YoY Change 31.84% 18.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.704M $8.236M
YoY Change 17.82% 16.76%
% of Gross Profit
Operating Expenses $23.71M $18.86M
YoY Change 25.69% 17.63%
Operating Profit
YoY Change
Interest Expense $8.375M $7.633M
YoY Change 9.72% 9.0%
% of Operating Profit
Other Income/Expense, Net $57.00K $0.00
YoY Change
Pretax Income $22.37M $20.69M
YoY Change 8.14% 6.65%
Income Tax $88.00K $63.00K
% Of Pretax Income 0.39% 0.3%
Net Earnings $22.26M $20.58M
YoY Change 8.14% 6.82%
Net Earnings / Revenue 40.91% 44.02%
Basic Earnings Per Share $0.28 $0.27
Diluted Earnings Per Share $0.28 $0.27
COMMON SHARES
Basic Shares Outstanding 80.20M shares 75.97M shares
Diluted Shares Outstanding 80.35M shares 76.13M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.11M $11.50M
YoY Change 405.3% -87.29%
Cash & Equivalents $58.11M $11.48M
Short-Term Investments
Other Short-Term Assets $1.351M $1.000M
YoY Change 35.1% 11.11%
Inventory $227.0K $162.0K
Prepaid Expenses
Receivables $1.554M $1.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $61.24M $13.70M
YoY Change 347.01% -85.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.759B $1.526B
YoY Change 15.28% 12.0%
Goodwill
YoY Change
Intangibles $104.7M $96.30M
YoY Change 8.75% 53.9%
Long-Term Investments
YoY Change
Other Assets $60.91M $57.20M
YoY Change 6.49% 26.27%
Total Long-Term Assets $1.937B $1.684B
YoY Change 15.06% 14.44%
TOTAL ASSETS
Total Short-Term Assets $61.24M $13.70M
Total Long-Term Assets $1.937B $1.684B
Total Assets $1.998B $1.697B
YoY Change 17.74% 8.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $591.0K $600.0K
YoY Change -1.5% 200.0%
Accrued Expenses $13.55M $12.40M
YoY Change 9.27% 27.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $51.58M $47.30M
YoY Change 9.05% 18.55%
LONG-TERM LIABILITIES
Long-Term Debt $966.0M $778.4M
YoY Change 24.1% -2.27%
Other Long-Term Liabilities $5.326M $19.70M
YoY Change -72.96% -21.2%
Total Long-Term Liabilities $971.4M $798.1M
YoY Change 21.71% -2.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.58M $47.30M
Total Long-Term Liabilities $971.4M $798.1M
Total Liabilities $1.023B $845.4M
YoY Change 21.0% -1.84%
SHAREHOLDERS EQUITY
Retained Earnings $8.340M $23.07M
YoY Change -63.85% -36.35%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $973.1M $848.8M
YoY Change
Total Liabilities & Shareholders Equity $1.998B $1.697B
YoY Change 17.74% 8.58%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $22.26M $20.58M
YoY Change 8.14% 6.82%
Depreciation, Depletion And Amortization $9.704M $8.236M
YoY Change 17.82% 16.76%
Cash From Operating Activities $34.81M $31.85M
YoY Change 9.29% 86.09%
INVESTING ACTIVITIES
Capital Expenditures -$43.26M -$36.10M
YoY Change 19.84% -196.06%
Acquisitions
YoY Change
Other Investing Activities -$7.000K $3.200M
YoY Change -100.22% 700.0%
Cash From Investing Activities -$43.27M -$32.89M
YoY Change 31.55% -11.63%
FINANCING ACTIVITIES
Cash Dividend Paid $26.66M
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $4.659M
YoY Change -100.0% 8.65%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $60.27M $1.463M
YoY Change 4019.75% -98.61%
NET CHANGE
Cash From Operating Activities $34.81M $31.85M
Cash From Investing Activities -$43.27M -$32.89M
Cash From Financing Activities $60.27M $1.463M
Net Change In Cash $51.81M $419.0K
YoY Change 12264.92% -99.51%
FREE CASH FLOW
Cash From Operating Activities $34.81M $31.85M
Capital Expenditures -$43.26M -$36.10M
Free Cash Flow $78.07M $67.95M
YoY Change 14.9% -432.01%

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CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2861000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34808000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31849000 USD
CY2022Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
43264000 USD
CY2021Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
36096000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3343000 USD
CY2022Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
7000 USD
CY2021Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
140000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43271000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32893000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4659000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1035000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
27000 USD
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28000000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
46000000 USD
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
64000000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
22000000 USD
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
51000 USD
CY2022Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
26655000 USD
CY2021Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
24091000 USD
CY2022Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
38000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3027000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60272000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1463000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51809000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
419000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11064000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58109000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11483000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1641000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
2207000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 USD
CY2022Q1 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
43985000 USD
CY2021Q1 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
39271000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
236000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
220000 USD
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26668000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24147000 USD
CY2022Q1 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
15244000 USD
CY2021Q1 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
6071000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">The preparation of these Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The estimates and assumptions used in the accompanying Consolidated Financial Statements are based on management’s evaluation of the relevant facts and circumstances. Actual results may differ from the estimates and assumptions used in preparing the accompanying Consolidated Financial Statements, and such differences could be material.</span></div>
CY2021Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2022Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2022Q1 fcpt Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
P1Y
CY2021Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2022Q1 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58109000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6300000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58109000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 USD
CY2022Q1 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Derivative Instruments and Hedging Activities</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as required by FASB ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. Our use of derivative instruments is currently limited to interest rate hedges. These instruments are generally structured as hedges of the variability of cash flows related to forecasted transactions (cash flow hedges). We do not enter into derivative instruments for trading or speculative purposes, where changes in the cash flows of the derivative are not expected to offset changes in cash flows of the hedged item. All derivatives are recognized on the balance sheet at fair value. For those derivative instruments for which we intend to elect hedge accounting, at the time the derivative contract is entered into, we document all relationships between hedging instruments and hedged items, as well as our risk-management objective and strategy for undertaking the various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific forecasted transactions. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">To the extent our derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria in accordance with United States generally accepted accounting principles (“U.S. GAAP”), changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income, net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded in earnings in the period in which it occurs.</span></div>
CY2022Q1 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Revenue Recognition</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Rental Revenue</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">For those net leases that provide for periodic and determinable increases in base rent, base rental revenue is recognized on a straight-line basis over the applicable lease term when collectability is probable. Recognizing rental revenue on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a deferred rent receivable. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">In certain circumstances, the Company may offer tenant allowance funds in exchange for increasing rent, extending the term, and including annual sales reporting among other items. These tenant allowance funds are classified as lease incentives upon payment and are amortized as a reduction to revenue over the lease term. Lease incentives are included in intangible lease assets, net, on our Consolidated Balance Sheets. The Company did </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">not</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%"> pay any lease incentives to tenants during the three months ended March 31, 2022. During the year ended December 31, 2021, the Company paid lease incentives of $1.2 million to tenants. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">We assess the collectability of our lease receivables, including deferred rents receivable, on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates it is not probable that we will be able to recover substantially all of the receivable, we derecognize the deferred rent receivable asset and record that revenue as a reduction in rental revenue. If we determine the lease receivable will not be collected due to a credit concern, we reduce the recorded revenue for the period and related accounts receivable. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">For those leases that provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met, the increased rental revenue is recognized as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term. Costs paid by the lessor and reimbursed by the lessees are included in variable lease payments and presented on a gross basis within rental revenue. Sales taxes collected from lessees and remitted to governmental authorities are presented on a net basis within rental revenue.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Restaurant Revenue</span></div>Restaurant revenue represents food, beverage, and other products sold and is presented net of the following discounts: coupons, employee meals, complimentary meals and gift cards. Revenue from restaurant sales, whether received in cash or by credit card, is recognized when food and beverage products are sold.We recognize sales from our gift cards when the gift card is redeemed by the customer. Sales taxes collected from customers and remitted to governmental authorities are presented on a net basis within restaurant revenue on our Consolidated Income Statements.
CY2022Q1 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
0 USD
CY2021 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
1200000 USD
CY2022Q1 us-gaap Credit Card Receivables
CreditCardReceivables
114000 USD
CY2021Q4 us-gaap Credit Card Receivables
CreditCardReceivables
116000 USD
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
966565000 USD
CY2022Q1 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
CY2021Q1 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
CY2021Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
CY2022Q1 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2022Q1 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
3 derivativeInstrument
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
46 state
CY2022Q1 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
10300000 USD
CY2022Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
991895000 USD
CY2022Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1316091000 USD
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1302114000 USD
CY2022Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135749000 USD
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135726000 USD
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2443735000 USD
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2404405000 USD
CY2022Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
689198000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
682430000 USD
CY2022Q1 us-gaap Real Estate Investments
RealEstateInvestments
1754537000 USD
CY2021Q4 us-gaap Real Estate Investments
RealEstateInvestments
1721975000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
104721000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
104251000 USD
CY2022Q1 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1859258000 USD
CY2021Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1826226000 USD
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
43300000 USD
CY2022Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
18 property
CY2022Q1 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
9 state
CY2022Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
25300000 USD
CY2022Q1 fcpt Payments To Acquire Buildings And Improvements
PaymentsToAcquireBuildingsAndImprovements
14000000 USD
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4000000 USD
CY2022Q1 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P9Y
CY2022Q1 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
36100000 USD
CY2021Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
13 property
CY2021Q1 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
9 state
CY2021Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
18000000 USD
CY2021Q1 fcpt Payments To Acquire Buildings And Improvements
PaymentsToAcquireBuildingsAndImprovements
14700000 USD
CY2021Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
600000 USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2800000 USD
CY2021Q1 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P9Y10M24D
CY2021Q1 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
CY2021Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
24383000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
24383000 USD
CY2022Q1 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
133235000 USD
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
129244000 USD
CY2022Q1 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
28514000 USD
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
24993000 USD
CY2022Q1 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
104721000 USD
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
104251000 USD
CY2022Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 USD
CY2022Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1129000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1038000 USD
CY2022Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1849000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1940000 USD
CY2022Q1 fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P8Y7M6D
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10334000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11684000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10122000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8465000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7373000 USD
CY2022Q1 fcpt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
24171000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72149000 USD
CY2022Q1 fcpt Number Of Ground Leases
NumberOfGroundLeases
2 groundLease
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
522000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
705000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
718000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
470000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
310000 USD
CY2022Q1 fcpt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5072000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7797000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2296000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5501000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0417
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y3M18D
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
242000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
145000 USD
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
45343000 USD
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
40746000 USD
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1560000 USD
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
769000 USD
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
46903000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41515000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
134066000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
179052000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
178585000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
176982000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
176244000 USD
CY2022Q1 fcpt Lessor Operating Lease Payments To Be Received After Four Years
LessorOperatingLeasePaymentsToBeReceivedAfterFourYears
918384000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1763313000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8400000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
468000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
543000 USD
CY2022Q1 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-993000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
10300000 USD
CY2022Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
-10300000 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4900000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
10300000 USD
CY2022Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
-10300000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4798000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4919000 USD
CY2022Q1 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3008000 USD
CY2021Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3049000 USD
CY2022Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1351000 USD
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1375000 USD
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
1554000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1312000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
227000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
252000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
832000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
695000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3008000 USD
CY2022Q1 us-gaap Other Assets
OtherAssets
11770000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
11602000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5501000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5617000 USD
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6624000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2066000 USD
CY2022Q1 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1849000 USD
CY2021Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1940000 USD
CY2022Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1124000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2547000 USD
CY2022Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
591000 USD
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
550000 USD
CY2022Q1 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
300000 USD
CY2021Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
286000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2526000 USD
CY2022Q1 us-gaap Other Liabilities
OtherLiabilities
18515000 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
16014000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000 USD
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
80363738 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
80363738 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3325
CY2022Q1 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2022Q1 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3100000 USD
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3400000 USD
CY2022Q1 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2022Q1 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
38000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80195140 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75969887 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
150884 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
161676 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80346024 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76131563 shares
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
22255000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
20579000 USD
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
294643 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
182784 shares
CY2022Q1 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
114559 shares
CY2021Q1 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
159392 shares
CY2015Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2100000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
545224 shares
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
8200000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4210000 USD
CY2022Q1 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Grants In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsGrantsInPeriod
5518000 USD
CY2022Q1 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Forfeited In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsForfeitedInPeriod
0 USD
CY2022Q1 fcpt Employee Service Share Based Compensation Non Vested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Compensation Expense In Period
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsCompensationExpenseInPeriod
1500000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
8228000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q1 us-gaap Lease Income
LeaseIncome
46903000 USD
CY2022Q1 us-gaap Revenues
Revenues
54397000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5269000 USD
CY2022Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
9704000 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
23705000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
8375000 USD
CY2022Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
57000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
22286000 USD
CY2021Q1 us-gaap Revenues
Revenues
46746000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4763000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
41515000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
8236000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
18860000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
7633000 USD
CY2021Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000 USD
CY2021Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
20622000 USD
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2443735000 USD
CY2022Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
689198000 USD
CY2022Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1754537000 USD
CY2022Q1 us-gaap Cash
Cash
58109000 USD
CY2022Q1 us-gaap Assets
Assets
1998309000 USD
CY2022Q1 us-gaap Notes Payable
NotesPayable
966024000 USD
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2404405000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
682430000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1721975000 USD
CY2021Q4 us-gaap Cash
Cash
6300000 USD
CY2021Q4 us-gaap Assets
Assets
1902980000 USD
CY2021Q4 us-gaap Notes Payable
NotesPayable
877591000 USD

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