2016 Q4 Form 10-Q Financial Statement

#000123400616000006 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $22.01M $21.59M $21.38M
YoY Change 0.85% 1.0% 12.42%
Cost Of Revenue $2.580M $2.480M $2.480M
YoY Change 6.17% 0.0% 27.84%
Gross Profit $19.43M $19.11M $18.89M
YoY Change 0.41% 1.16% 10.66%
Gross Profit Margin 88.28% 88.52% 88.37%
Selling, General & Admin $1.450M $1.300M $1.390M
YoY Change 5.07% -6.47% -40.6%
% of Gross Profit 7.46% 6.8% 7.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.720M $9.460M $9.010M
YoY Change 6.46% 4.99% 19.81%
% of Gross Profit 50.03% 49.5% 47.7%
Operating Expenses $13.73M $15.17M $13.64M
YoY Change 5.88% 11.21% 19.08%
Operating Profit $5.697M $3.938M $5.247M
YoY Change -10.71% -24.95% -6.52%
Interest Expense -$6.250M $6.338M $7.142M
YoY Change -19.77% -11.26% 6.93%
% of Operating Profit -109.71% 160.94% 136.12%
Other Income/Expense, Net -$5.981M -$6.490M -$7.828M
YoY Change -4.85% -17.09% 6.82%
Pretax Income $2.290M -$70.00K -$100.0K
YoY Change -10.89% -30.0% -143.48%
Income Tax
% Of Pretax Income
Net Earnings $2.295M -$73.00K -$96.00K
YoY Change -10.6% -23.96% -141.92%
Net Earnings / Revenue 10.43% -0.34% -0.45%
Basic Earnings Per Share -$0.10 -$0.06
Diluted Earnings Per Share $95.30K -$0.10 -$0.06
COMMON SHARES
Basic Shares Outstanding 23.75M shares 23.51M shares 21.40M shares
Diluted Shares Outstanding 23.51M shares 21.40M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.700M $8.700M $3.700M
YoY Change -9.62% 135.14% -28.85%
Cash & Equivalents $4.658M $8.747M $3.730M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $9.600M $11.70M $16.80M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $14.30M $20.40M $20.50M
YoY Change 126.98% -0.49% 294.23%
LONG-TERM ASSETS
Property, Plant & Equipment $690.1M $671.9M $656.6M
YoY Change 3.29% 2.33% 8.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.60M $40.50M $46.80M
YoY Change 1.02% -13.46% 4.93%
Total Long-Term Assets $837.4M $818.2M $818.0M
YoY Change 2.02% 0.03% 8.46%
TOTAL ASSETS
Total Short-Term Assets $14.30M $20.40M $20.50M
Total Long-Term Assets $837.4M $818.2M $818.0M
Total Assets $851.7M $838.6M $838.5M
YoY Change 2.97% 0.02% 10.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.100M $2.000M $1.800M
YoY Change 10.53% 11.11% 5.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.100M $4.000M $7.800M
YoY Change -67.19% -48.72% 358.82%
LONG-TERM LIABILITIES
Long-Term Debt $509.4M $516.2M $576.9M
YoY Change -9.58% -10.52% 5.95%
Other Long-Term Liabilities $23.80M $23.30M $21.50M
YoY Change 10.19% 8.37% 27.98%
Total Long-Term Liabilities $533.2M $539.5M $598.4M
YoY Change -8.85% -9.84% 6.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.100M $4.000M $7.800M
Total Long-Term Liabilities $533.2M $539.5M $598.4M
Total Liabilities $541.1M $545.5M $608.1M
YoY Change -8.8% -10.29% 6.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $25.00K $24.00K $22.00K
YoY Change 13.64% 9.09% 22.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $239.9M $225.9M $230.4M
YoY Change
Total Liabilities & Shareholders Equity $851.7M $838.6M $838.5M
YoY Change 2.97% 0.02% 10.41%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $2.295M -$73.00K -$96.00K
YoY Change -10.6% -23.96% -141.92%
Depreciation, Depletion And Amortization $9.720M $9.460M $9.010M
YoY Change 6.46% 4.99% 19.81%
Cash From Operating Activities $11.34M $11.99M $8.400M
YoY Change 71.56% 42.74% 9.95%
INVESTING ACTIVITIES
Capital Expenditures -$27.76M -$25.04M -$14.90M
YoY Change 235.67% 68.05% -29.98%
Acquisitions
YoY Change
Other Investing Activities $3.150M $1.100M $1.570M
YoY Change -69.39% -29.94% -126.61%
Cash From Investing Activities -$24.60M -$23.95M -$13.33M
YoY Change -1317.82% 79.67% -50.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.990M 16.72M 5.350M
YoY Change -210.97% 212.52% -76.13%
NET CHANGE
Cash From Operating Activities 11.34M 11.99M 8.400M
Cash From Investing Activities -24.60M -23.95M -13.33M
Cash From Financing Activities 7.990M 16.72M 5.350M
Net Change In Cash -5.270M 4.760M 420.0K
YoY Change -468.53% 1033.33% -85.37%
FREE CASH FLOW
Cash From Operating Activities $11.34M $11.99M $8.400M
Capital Expenditures -$27.76M -$25.04M -$14.90M
Free Cash Flow $39.10M $37.03M $23.30M
YoY Change 162.77% 58.93% -19.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Type
DocumentType
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dei Entity Filer Category
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dei Trading Symbol
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P9Y
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440136000 USD
CY2015Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
200000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
700000 USD
CY2016Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
300000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
700000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-231000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-145000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1358000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1537000 USD
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9700000 USD
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9900000 USD
CY2015Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
429427 sqft
CY2016Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
226286 sqft
CY2014Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
81371 sqft
CY2015Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2015Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
622000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
622000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2016Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1786000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2016000 USD
CY2015Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3674000 USD
CY2016Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3268000 USD
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
56000 USD
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
0 USD
CY2015Q4 us-gaap Assets
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827184000 USD
CY2016Q3 us-gaap Assets
Assets
838643000 USD
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
1077000 USD
CY2016Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
11748000 USD
CY2015Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
8294000 USD
CY2016Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
8538000 USD
CY2015Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
17951000 USD
CY2016Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
19813000 USD
CY2015Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-767000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2299000 USD
CY2016Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2061000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-3065000 USD
CY2015Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
22463000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
67222000 USD
CY2016Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
22012000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
66406000 USD
CY2015Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
138000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
589000 USD
CY2016Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
149000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
275000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8599000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3730000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5152000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8747000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4869000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3595000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
38500000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
34040000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22485607 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23601153 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22485607 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23601153 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
22000 USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
24000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
525332000 USD
CY2016Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
516186000 USD
CY2015Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
392000 USD
CY2016Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0447
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2015Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
9657000 USD
CY2016Q3 us-gaap Deferred Rent Credit
DeferredRentCredit
11275000 USD
CY2015Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
27443000 USD
CY2016Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
29288000 USD
CY2015Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9006000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1045000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
240000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
421000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1607000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-24000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
446000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1675000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
26160000 USD
CY2016Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9459000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27796000 USD
us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
257000 USD
CY2015Q3 us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
-686000 USD
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
-2057000 USD
CY2016Q3 us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
-131000 USD
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
-1502000 USD
us-gaap Dividends
Dividends
30862000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1858000 USD
CY2016Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1991000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2015Q4 us-gaap Escrow Deposit
EscrowDeposit
7534000 USD
CY2016Q3 us-gaap Escrow Deposit
EscrowDeposit
7172000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
104914000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
102765000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-24000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
946000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-288000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-315000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
51000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1214000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-203000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
138000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
73000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
178000 USD
CY2015Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
24878000 USD
CY2016Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
24892000 USD
CY2016Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
0 USD
CY2014Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
5600000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
39579000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
24000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46749000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9027000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76495000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35247000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24877000 USD
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q3 us-gaap Interest Expense
InterestExpense
7142000 USD
us-gaap Interest Expense
InterestExpense
20912000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
6338000 USD
us-gaap Interest Expense
InterestExpense
19648000 USD
CY2015Q4 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
40000 USD
CY2016Q3 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
55000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
635728000 USD
CY2016Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
644662000 USD
CY2015Q4 us-gaap Land
Land
97117000 USD
CY2016Q3 us-gaap Land
Land
102101000 USD
CY2015Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
300000 USD
CY2016Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
400000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
593313000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
545515000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
827184000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
838643000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
868000 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
688000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
44591000 USD
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
46772000 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
1530000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29815000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-96000 USD
us-gaap Net Income Loss
NetIncomeLoss
1030000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-73000 USD
us-gaap Net Income Loss
NetIncomeLoss
1665000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1382000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2788000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2329000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3385000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1382000 USD
CY2015Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
11000 USD
CY2016Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
337000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
532000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
628000 USD
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
722000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2788000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2329000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3385000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7828000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22958000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6490000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20837000 USD
CY2016Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
454600000 USD
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
5900000 USD
CY2016Q3 us-gaap Notes Receivable Net
NotesReceivableNet
0 USD
CY2016Q3 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
4 lease
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
13643000 USD
us-gaap Operating Expenses
OperatingExpenses
37995000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
15172000 USD
us-gaap Operating Expenses
OperatingExpenses
41861000 USD
CY2015Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
20653000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
59953000 USD
CY2016Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
21205000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
62752000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
2825000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
3056000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
7436000 USD
CY2016Q3 us-gaap Other Liabilities
OtherLiabilities
8076000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
27253000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
30862000 USD
CY2015Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
300000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1157000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1200000 USD
CY2016Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
400000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1024000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
892000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2367000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
300000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
0 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1700000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1750000 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
39495000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
90999000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
73200000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
125250000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
780377000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
132500000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
61059000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
56005000 USD
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
-38500000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
0 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
5900000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
3022000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
112243000 USD
us-gaap Straight Line Rent
StraightLineRent
3034000 USD
us-gaap Straight Line Rent
StraightLineRent
2780000 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2016Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
797115000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
668134000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
671865000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
21375000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
61983000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
21589000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
64363000 USD
CY2015Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1023000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
3070000 USD
CY2016Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2002000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
4292000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
375000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
61000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130500000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
37216000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
67119000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4205000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4002000 USD
CY2015Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
455863000 USD
CY2016Q3 us-gaap Secured Long Term Debt
SecuredLongTermDebt
444522000 USD
CY2015Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
38100000 USD
CY2016Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21419000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
178000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
233871000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
225915000 USD
CY2016Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
67213000 USD
CY2015Q4 us-gaap Tenant Improvements
TenantImprovements
47532000 USD
CY2016Q3 us-gaap Tenant Improvements
TenantImprovements
50352000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
437000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1195000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
384000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1226000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21403808 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20820559 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23509054 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22915086 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21403808 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20820559 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23509054 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22915086 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21403808 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20820559 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23509054 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22915086 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, &#8220;Simplifying the Presentation of Debt Issuance Costs&#8221; (&#8220;ASU-2015-03&#8221;), which requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred financing cost. ASU 2015-03 was effective for annual periods beginning after December&#160;15, 2015. We have adopted the provisions of ASU 2015-03 for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. We had unamortized deferred financing fees of </font><font style="font-family:inherit;font-size:10pt;">$5.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$6.1 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. These costs have been reclassified from deferred financing costs, net, to mortgage notes payable, net, borrowings under line of credit, net, borrowings under term loan facility, net, and Series C mandatorily redeemable preferred stock, net. All periods presented have been retrospectively adjusted.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP 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 revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.</font></div></div>

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