2016 Q4 Form 10-Q Financial Statement
#000123400616000006 Filed on October 31, 2016
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
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
good |
Operating Leases Income Statement Lease Revenue From Acquired Properties
OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties
|
603000 | USD | |
good |
Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock
BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock
|
3818000 | USD | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
CY2016Q3 | good |
Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock
BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock
|
2256000 | USD |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001234006 | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
23748303 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
GLADSTONE COMMERCIAL CORP | ||
dei |
Trading Symbol
TradingSymbol
|
GOOD | ||
CY2015Q3 | good |
Administration Fee
AdministrationFee
|
326000 | USD |
good |
Administration Fee
AdministrationFee
|
1054000 | USD | |
CY2016Q3 | good |
Administration Fee
AdministrationFee
|
311000 | USD |
good |
Administration Fee
AdministrationFee
|
1086000 | USD | |
good |
Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
|
-394000 | USD | |
good |
Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
|
-363000 | USD | |
CY2015Q3 | good |
Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
|
0.150 | |
good |
Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
|
1.000 | ||
good |
Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo
|
0.200 | ||
CY2015Q3 | good |
Annual Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
AnnualBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
|
0.015 | |
CY2015Q3 | good |
Annual Base Management Fee In Percentage Of Stockholders Equity In Excess Of Recorded Value Of Preferred Stock
AnnualBaseManagementFeeInPercentageOfStockholdersEquityInExcessOfRecordedValueOfPreferredStock
|
0.020 | |
CY2015Q3 | good |
Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
|
0.08 | |
good |
Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
|
0.07 | ||
good |
Annualized Straight Line Rent
AnnualizedStraightLineRent
|
7380000 | USD | |
good |
Annualized Straight Line Rent
AnnualizedStraightLineRent
|
3367000 | USD | |
good |
Annualized Straight Line Rent On Leased Property
AnnualizedStraightLineRentOnLeasedProperty
|
3183000 | USD | |
good |
Area Of Leased Property
AreaOfLeasedProperty
|
203538 | sqft | |
good |
Asset Retirement Obligation Expense
AssetRetirementObligationExpense
|
114000 | USD | |
good |
Asset Retirement Obligation Expense
AssetRetirementObligationExpense
|
114000 | USD | |
CY2015Q3 | good |
Base Management Fee
BaseManagementFee
|
872000 | USD |
good |
Base Management Fee
BaseManagementFee
|
2589000 | USD | |
CY2016Q3 | good |
Base Management Fee
BaseManagementFee
|
1072000 | USD |
good |
Base Management Fee
BaseManagementFee
|
2789000 | USD | |
good |
Business Acquisition Expenses
BusinessAcquisitionExpenses
|
518000 | USD | |
good |
Business Acquisition Expenses
BusinessAcquisitionExpenses
|
179000 | USD | |
CY2015Q3 | good |
Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock
BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock
|
1286000 | USD |
good |
Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock
BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock
|
5050000 | USD | |
CY2015Q3 | good |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.04 | |
good |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.11 | ||
CY2016Q3 | good |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.09 | |
good |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.13 | ||
CY2015Q3 | good |
Business Acquisition Pro Forma Net Income
BusinessAcquisitionProFormaNetIncome
|
519000 | USD |
good |
Business Acquisition Pro Forma Net Income
BusinessAcquisitionProFormaNetIncome
|
1519000 | USD | |
CY2016Q3 | good |
Business Acquisition Pro Forma Net Income
BusinessAcquisitionProFormaNetIncome
|
195000 | USD |
good |
Business Acquisition Pro Forma Net Income
BusinessAcquisitionProFormaNetIncome
|
1985000 | USD | |
CY2015Q3 | good |
Business Acquisition Pro Forma Operating Expenses
BusinessAcquisitionProFormaOperatingExpenses
|
13785000 | USD |
good |
Business Acquisition Pro Forma Operating Expenses
BusinessAcquisitionProFormaOperatingExpenses
|
41204000 | USD | |
CY2016Q3 | good |
Business Acquisition Pro Forma Operating Expenses
BusinessAcquisitionProFormaOperatingExpenses
|
15205000 | USD |
good |
Business Acquisition Pro Forma Operating Expenses
BusinessAcquisitionProFormaOperatingExpenses
|
42968000 | USD | |
CY2015Q3 | good |
Business Acquisition Pro Forma Other Expenses
BusinessAcquisitionProFormaOtherExpenses
|
8159000 | USD |
good |
Business Acquisition Pro Forma Other Expenses
BusinessAcquisitionProFormaOtherExpenses
|
24499000 | USD | |
CY2016Q3 | good |
Interest Income From Mortgage Note Receivable
InterestIncomeFromMortgageNoteReceivable
|
0 | USD |
good |
Interest Income From Mortgage Note Receivable
InterestIncomeFromMortgageNoteReceivable
|
385000 | USD | |
CY2015Q2 | good |
Interim Financing Loan For Acquisition
InterimFinancingLoanForAcquisition
|
300000 | USD |
CY2016Q3 | good |
Business Acquisition Pro Forma Other Expenses
BusinessAcquisitionProFormaOtherExpenses
|
6612000 | USD |
good |
Business Acquisition Pro Forma Other Expenses
BusinessAcquisitionProFormaOtherExpenses
|
21453000 | USD | |
CY2015Q3 | good |
Credit To Incentive Fee
CreditToIncentiveFee
|
0 | USD |
good |
Credit To Incentive Fee
CreditToIncentiveFee
|
2500000 | USD | |
CY2016Q3 | good |
Credit To Incentive Fee
CreditToIncentiveFee
|
0 | USD |
CY2015Q3 | good |
Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
|
263000 | USD |
good |
Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
|
748000 | USD | |
CY2016Q3 | good |
Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
|
254000 | USD |
good |
Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
|
758000 | USD | |
CY2015Q3 | good |
Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
|
0.26 | |
good |
Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
|
0.79 | ||
CY2016Q3 | good |
Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
|
0.26 | |
good |
Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
|
0.79 | ||
CY2014Q3 | good |
Effect Of Mortgage Loan Rate Of Return Estimate
EffectOfMortgageLoanRateOfReturnEstimate
|
0.220 | |
good |
Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
|
0 | USD | |
good |
Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
|
2570000 | USD | |
good |
Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
|
4969000 | USD | |
good |
Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
|
3793000 | USD | |
CY2015Q3 | good |
Incentive Fee
IncentiveFee
|
621000 | USD |
good |
Incentive Fee
IncentiveFee
|
4054000 | USD | |
CY2016Q3 | good |
Incentive Fee
IncentiveFee
|
564000 | USD |
good |
Incentive Fee
IncentiveFee
|
1837000 | USD | |
CY2015Q3 | good |
Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
|
0 | USD |
good |
Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
|
0 | USD | |
CY2016Q3 | good |
Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
|
0 | USD |
good |
Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
|
0 | USD | |
CY2015Q3 | good |
Interest Income From Mortgage Note Receivable
InterestIncomeFromMortgageNoteReceivable
|
285000 | USD |
good |
Interest Income From Mortgage Note Receivable
InterestIncomeFromMortgageNoteReceivable
|
835000 | USD | |
CY2015Q4 | good |
Line Of Credit Facility Expiration Month And Year
LineOfCreditFacilityExpirationMonthAndYear
|
2019-08 | |
CY2015Q4 | good |
Line Of Credit Facility Optional Extension Period
LineOfCreditFacilityOptionalExtensionPeriod
|
P1Y | |
good |
Line Of Credit Facility Percentage Of Extension Fee On Initial Maturity
LineOfCreditFacilityPercentageOfExtensionFeeOnInitialMaturity
|
0.0025 | ||
CY2015Q3 | good |
Net Income Loss From Acquired Properties
NetIncomeLossFromAcquiredProperties
|
-71000 | USD |
good |
Net Income Loss From Acquired Properties
NetIncomeLossFromAcquiredProperties
|
166000 | USD | |
CY2016Q3 | good |
Net Income Loss From Acquired Properties
NetIncomeLossFromAcquiredProperties
|
-82000 | USD |
good |
Net Income Loss From Acquired Properties
NetIncomeLossFromAcquiredProperties
|
-203000 | USD | |
good |
Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses
NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses
|
4954000 | USD | |
good |
Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses
NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses
|
2023000 | USD | |
CY2015Q3 | good |
Notice Period For Termination Of Agreement With Cause
NoticePeriodForTerminationOfAgreementWithCause
|
P30D | |
CY2015Q3 | good |
Notice Period For Termination Of Agreement Without Cause
NoticePeriodForTerminationOfAgreementWithoutCause
|
P120D | |
CY2015Q3 | good |
Number Of Amended And Restated Leases
NumberOfAmendedAndRestatedLeases
|
9 | lease |
CY2016Q3 | good |
Number Of Existing Encumbered Properties
NumberOfExistingEncumberedProperties
|
96 | property |
good |
Number Of Leased Properties
NumberOfLeasedProperties
|
7 | property | |
good |
Number Of Long Term Mortgages Issued
NumberOfLongTermMortgagesIssued
|
5 | mortgage | |
good |
Number Of Long Term Mortgages Repaid
NumberOfLongTermMortgagesRepaid
|
6 | mortgage | |
good |
Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
|
3068000 | USD | |
good |
Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
|
2678000 | USD | |
CY2015Q3 | good |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
5 | property |
CY2016Q3 | good |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
2 | property |
good |
Number Of Properties Issued To Collateralized Mortgage Notes Payable
NumberOfPropertiesIssuedToCollateralizedMortgageNotesPayable
|
10 | mortgage | |
CY2016Q3 | good |
Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
|
5 | property |
CY2015Q3 | good |
Number Of Renewal Option Under Lease
NumberOfRenewalOptionUnderLease
|
2 | option |
good |
Numberof Executive Officers
NumberofExecutiveOfficers
|
2 | officer | |
good |
Numberof Properties Repaid To Collateralized Mortgage Notes Payable
NumberofPropertiesRepaidToCollateralizedMortgageNotesPayable
|
12 | mortgage | |
CY2015Q3 | good |
Numberof Quarters Usedforthe Capof Average Quarterly Incentive Fees
NumberofQuartersUsedfortheCapofAverageQuarterlyIncentiveFees
|
4 | quarter |
CY2015Q3 | good |
Operating Expenses Before Credits
OperatingExpensesBeforeCredits
|
13643000 | USD |
good |
Operating Expenses Before Credits
OperatingExpensesBeforeCredits
|
40495000 | USD | |
CY2016Q3 | good |
Operating Expenses Before Credits
OperatingExpensesBeforeCredits
|
15172000 | USD |
good |
Operating Expenses Before Credits
OperatingExpensesBeforeCredits
|
41861000 | USD | |
CY2015Q3 | good |
Operating Leases Income Statement Lease Revenue From Acquired Properties
OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties
|
1762000 | USD |
good |
Operating Leases Income Statement Lease Revenue From Acquired Properties
OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties
|
2971000 | USD | |
CY2016Q3 | good |
Operating Leases Income Statement Lease Revenue From Acquired Properties
OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties
|
464000 | USD |
CY2015Q3 | good |
Payment Of Financing Fee
PaymentOfFinancingFee
|
20000 | USD |
good |
Payment Of Financing Fee
PaymentOfFinancingFee
|
200000 | USD | |
CY2016Q3 | good |
Payment Of Financing Fee
PaymentOfFinancingFee
|
50000 | USD |
good |
Payment Of Financing Fee
PaymentOfFinancingFee
|
200000 | USD | |
good |
Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
|
71248000 | USD | |
good |
Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
|
40900000 | USD | |
good |
Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
|
2792000 | USD | |
good |
Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
|
2385000 | USD | |
good |
Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
|
1992000 | USD | |
good |
Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
|
2219000 | USD | |
CY2015Q3 | good |
Percentage Of Incentive Fees On Capital Gains
PercentageOfIncentiveFeesOnCapitalGains
|
0.150 | |
CY2014Q3 | good |
Percentage Of Mortgage Loan Interest Earned In Cash
PercentageOfMortgageLoanInterestEarnedInCash
|
0.090 | |
good |
Percentageof Independent Directors Requiredto Terminatethe Amended Advisory Agreement
PercentageofIndependentDirectorsRequiredtoTerminatetheAmendedAdvisoryAgreement
|
0.6667 | ||
good |
Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Hundred Percent Of Amount Of Pre Incentive Fee Maximum Percentage
PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserHundredPercentOfAmountOfPreIncentiveFeeMaximumPercentage
|
0.021875 | ||
good |
Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Twenty Percent Of Amount Of Pre Incentive Fee Minimum Percentage
PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserTwentyPercentOfAmountOfPreIncentiveFeeMinimumPercentage
|
0.021875 | ||
CY2016Q3 | good |
Preferred Stock Write Off Of Offering Costs
PreferredStockWriteOffOfOfferingCosts
|
60000 | USD |
good |
Preferred Stock Write Off Of Offering Costs
PreferredStockWriteOffOfOfferingCosts
|
200000 | USD | |
good |
Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments
ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments
|
1700000 | USD | |
good |
Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments
ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments
|
1250000 | USD | |
CY2015Q3 | good |
Property Operating Expenses
PropertyOperatingExpenses
|
1612000 | USD |
good |
Property Operating Expenses
PropertyOperatingExpenses
|
3752000 | USD | |
CY2016Q3 | good |
Property Operating Expenses
PropertyOperatingExpenses
|
1410000 | USD |
good |
Property Operating Expenses
PropertyOperatingExpenses
|
4455000 | USD | |
good |
Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
|
71248000 | USD | |
good |
Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
|
40900000 | USD | |
CY2015Q3 | good |
Quarterly Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
QuarterlyBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
|
0.00375 | |
CY2015Q3 | good |
Quarterly Incentive Fee Per Advisory Agreement
QuarterlyIncentiveFeePerAdvisoryAgreement
|
0.02 | |
good |
Quarterly Incentive Fee Per Advisory Agreement
QuarterlyIncentiveFeePerAdvisoryAgreement
|
0.0175 | ||
good |
Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
|
2952000 | USD | |
good |
Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
|
2747000 | USD | |
CY2015Q3 | good |
Related Party Transactions Incentive Fee Net
RelatedPartyTransactionsIncentiveFeeNet
|
600000 | USD |
good |
Related Party Transactions Incentive Fee Net
RelatedPartyTransactionsIncentiveFeeNet
|
1600000 | USD | |
CY2015Q3 | good |
Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
|
0.003 | |
good |
Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
|
0.003 | ||
CY2016Q3 | good |
Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
|
0.0028 | |
good |
Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
|
0.0036 | ||
good |
Senior Common Dividend Issued In Dividend Reinvestment Program
SeniorCommonDividendIssuedInDividendReinvestmentProgram
|
53000 | USD | |
good |
Senior Common Dividend Issued In Dividend Reinvestment Program
SeniorCommonDividendIssuedInDividendReinvestmentProgram
|
0 | USD | |
CY2015Q4 | good |
Senior Common Stock Par Value
SeniorCommonStockParValue
|
0.001 | |
CY2016Q3 | good |
Senior Common Stock Par Value
SeniorCommonStockParValue
|
0.001 | |
CY2015Q4 | good |
Senior Common Stock Shares Authorized
SeniorCommonStockSharesAuthorized
|
7500000 | shares |
CY2016Q3 | good |
Senior Common Stock Shares Authorized
SeniorCommonStockSharesAuthorized
|
4450000 | shares |
CY2015Q4 | good |
Senior Common Stock Shares Issued
SeniorCommonStockSharesIssued
|
972214 | shares |
CY2016Q3 | good |
Senior Common Stock Shares Issued
SeniorCommonStockSharesIssued
|
959552 | shares |
CY2015Q4 | good |
Senior Common Stock Shares Outstanding
SeniorCommonStockSharesOutstanding
|
972214 | shares |
CY2016Q3 | good |
Senior Common Stock Shares Outstanding
SeniorCommonStockSharesOutstanding
|
959552 | shares |
CY2015Q4 | good |
Senior Common Stocks
SeniorCommonStocks
|
1000 | USD |
CY2016Q3 | good |
Senior Common Stocks
SeniorCommonStocks
|
1000 | USD |
good |
Term Of Each Lease Renewal Options
TermOfEachLeaseRenewalOptions
|
P5Y | ||
CY2015Q3 | good |
Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
|
993069 | shares |
good |
Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
|
948347 | shares | |
CY2016Q3 | good |
Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
|
959552 | shares |
good |
Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
|
961041 | shares | |
CY2015Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
33044000 | USD |
CY2016Q3 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
64184000 | USD |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
6388000 | USD |
CY2016Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
4031000 | USD |
CY2015Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
185051000 | USD |
CY2016Q3 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
214248000 | USD |
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P12Y10M24D | ||
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P9Y | ||
CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
418897000 | USD |
CY2016Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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
Assets
|
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, “Simplifying the Presentation of Debt Issuance Costs” (“ASU-2015-03”), 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 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 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 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 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> |