2020 Q2 Form 10-Q Financial Statement

#000123400620000011 Filed on July 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $33.53M $28.20M
YoY Change 18.9% 6.03%
Cost Of Revenue $7.580M $4.250M
YoY Change 78.35% 6.78%
Gross Profit $25.94M $23.94M
YoY Change 8.35% 5.84%
Gross Profit Margin 77.38% 84.9%
Selling, General & Admin $2.370M $2.180M
YoY Change 8.72% 21.79%
% of Gross Profit 9.14% 9.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.18M $12.62M
YoY Change 12.36% 7.22%
% of Gross Profit 54.66% 52.72%
Operating Expenses $25.85M $19.06M
YoY Change 35.65% 8.64%
Operating Profit $87.00K $4.882M
YoY Change -98.22% -3.86%
Interest Expense $6.716M $7.005M
YoY Change -4.13% 7.26%
% of Operating Profit 7719.54% 143.49%
Other Income/Expense, Net -$6.707M -$6.934M
YoY Change -3.27% 6.25%
Pretax Income $970.0K $2.210M
YoY Change -56.11% -12.65%
Income Tax
% Of Pretax Income
Net Earnings $993.0K $2.221M
YoY Change -55.29% -12.04%
Net Earnings / Revenue 2.96% 7.88%
Basic Earnings Per Share -$0.06 -$0.02
Diluted Earnings Per Share -$0.06 -$0.02
COMMON SHARES
Basic Shares Outstanding 33.94M shares 30.45M shares
Diluted Shares Outstanding 33.94M shares 30.45M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.600M $7.600M
YoY Change 26.32% 65.22%
Cash & Equivalents $9.563M $7.590M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $11.80M $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $21.40M $7.600M
YoY Change 181.58% 26.67%
LONG-TERM ASSETS
Property, Plant & Equipment $892.8M $800.7M
YoY Change 11.5% 7.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.20M $45.50M
YoY Change 8.13% -2.15%
Total Long-Term Assets $1.065B $962.2M
YoY Change 10.65% 6.2%
TOTAL ASSETS
Total Short-Term Assets $21.40M $7.600M
Total Long-Term Assets $1.065B $962.2M
Total Assets $1.086B $969.8M
YoY Change 11.99% 6.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.300M $2.600M
YoY Change 26.92% 8.33%
Accrued Expenses $5.800M $5.900M
YoY Change -1.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.00M $10.00M
YoY Change 20.0% 78.57%
LONG-TERM LIABILITIES
Long-Term Debt $666.9M $576.8M
YoY Change 15.62% 6.32%
Other Long-Term Liabilities $41.10M $30.60M
YoY Change 34.31% 23.39%
Total Long-Term Liabilities $708.0M $607.4M
YoY Change 16.56% 7.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $10.00M
Total Long-Term Liabilities $708.0M $607.4M
Total Liabilities $723.3M $620.1M
YoY Change 16.64% 7.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $31.00K
YoY Change 6.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.7M $259.4M
YoY Change
Total Liabilities & Shareholders Equity $1.086B $969.8M
YoY Change 11.99% 6.34%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $993.0K $2.221M
YoY Change -55.29% -12.04%
Depreciation, Depletion And Amortization $14.18M $12.62M
YoY Change 12.36% 7.22%
Cash From Operating Activities $15.09M $16.35M
YoY Change -7.71% 22.29%
INVESTING ACTIVITIES
Capital Expenditures -$1.850M -$41.64M
YoY Change -95.56% 3258.06%
Acquisitions
YoY Change
Other Investing Activities -$120.0K $10.00K
YoY Change -1300.0% -104.55%
Cash From Investing Activities -$1.950M -$41.63M
YoY Change -95.32% 2751.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.12M 28.61M
YoY Change -145.86% -345.58%
NET CHANGE
Cash From Operating Activities 15.09M 16.35M
Cash From Investing Activities -1.950M -41.63M
Cash From Financing Activities -13.12M 28.61M
Net Change In Cash 20.00K 3.330M
YoY Change -99.4% 1180.77%
FREE CASH FLOW
Cash From Operating Activities $15.09M $16.35M
Capital Expenditures -$1.850M -$41.64M
Free Cash Flow $16.94M $57.99M
YoY Change -70.79% 296.92%

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
Q2
CY2019Q4 good Senior Common Stock Shares Outstanding
SeniorCommonStockSharesOutstanding
806435 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Entity Central Index Key
EntityCentralIndexKey
0001234006
CY2019Q2 good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
CY2020Q2 good Senior Common Stock Shares Outstanding
SeniorCommonStockSharesOutstanding
776647 shares
good Termination Fee Payableas Percentageof Average Annual Management Feeand Incentive Fee During Twenty Four Month Period
TerminationFeePayableasPercentageofAverageAnnualManagementFeeandIncentiveFeeDuringTwentyFourMonthPeriod
2
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
CY2019Q2 good Incentive Fee Waived
IncentiveFeeWaived
0 USD
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
86290000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60290000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32593651 shares
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33960707 shares
good Incentive Fee Waived
IncentiveFeeWaived
0 USD
CY2020Q2 good Incentive Fee Waived
IncentiveFeeWaived
0 USD
good Noncontrolling Interest Ownershipby Noncontrolling Owners Numberof Shares
NoncontrollingInterestOwnershipbyNoncontrollingOwnersNumberofShares
742937 shares
good Percentageof Independent Directors Requiredto Terminatethe Amended Advisory Agreement
PercentageofIndependentDirectorsRequiredtoTerminatetheAmendedAdvisoryAgreement
0.6667
CY2019Q4 good Senior Common Stock Par Value
SeniorCommonStockParValue
0.001
CY2020Q2 good Senior Common Stock Par Value
SeniorCommonStockParValue
0.001
CY2019Q4 good Senior Common Stock Shares Authorized
SeniorCommonStockSharesAuthorized
950000 shares
CY2020Q2 good Senior Common Stock Shares Authorized
SeniorCommonStockSharesAuthorized
950000 shares
CY2019Q4 good Senior Common Stock Shares Issued
SeniorCommonStockSharesIssued
806435 shares
CY2020Q2 good Senior Common Stock Shares Issued
SeniorCommonStockSharesIssued
776647 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32593651 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33960707 shares
us-gaap Incentive Fee Description
IncentiveFeeDescription
However, in no event shall the incentive fee for a particular quarter exceed by 15.0% (the cap) the average quarterly incentive fee paid by us for the previous four quarters (excluding quarters for which no incentive fee was paid).
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33097
dei Entity Registrant Name
EntityRegistrantName
GLADSTONE COMMERCIAL CORP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
02-0681276
dei Entity Address Address Line1
EntityAddressAddressLine1
1521 Westbranch Drive,
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
22102
dei Entity Address City Or Town
EntityAddressCityOrTown
McLean
dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
dei City Area Code
CityAreaCode
703
dei Local Phone Number
LocalPhoneNumber
287-5800
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2020Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34049706 shares
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
37177000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1106274000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1056978000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219175000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
207523000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
887099000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
849455000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117106000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
115465000 USD
CY2020Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
11839000 USD
CY2019Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
3990000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9563000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6849000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4988000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4639000 USD
CY2020Q2 us-gaap Escrow Deposit
EscrowDeposit
8405000 USD
CY2019Q4 us-gaap Escrow Deposit
EscrowDeposit
7226000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5689000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5794000 USD
CY2020Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
35850000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
5512000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
8913000 USD
CY2020Q2 us-gaap Assets
Assets
1086051000 USD
CY2019Q4 us-gaap Assets
Assets
1039508000 USD
CY2020Q2 us-gaap Secured Long Term Debt
SecuredLongTermDebt
465383000 USD
CY2019Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
453739000 USD
CY2020Q2 us-gaap Line Of Credit
LineOfCredit
42410000 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
51579000 USD
CY2020Q2 us-gaap Notes Payable
NotesPayable
159090000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
121276000 USD
CY2020Q2 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
20966000 USD
CY2019Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
19322000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5768000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5847000 USD
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3037000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3137000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
6188000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
5573000 USD
CY2020Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
149000 USD
CY2019Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
21000 USD
CY2020Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3328000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2904000 USD
CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
16959000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
12920000 USD
CY2020Q2 us-gaap Liabilities
Liabilities
723278000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
676318000 USD
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
154140000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
152153000 USD
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
154140000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
152153000 USD
CY2020Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
599741000 USD
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
571205000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5135000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2126000 USD
CY2020Q2 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
388900000 USD
CY2019Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
360978000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
205741000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
208134000 USD
CY2020Q2 us-gaap Minority Interest
MinorityInterest
2892000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
2903000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
208633000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
211037000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1086051000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1039508000 USD
CY2020Q2 us-gaap Lease Income
LeaseIncome
33525000 USD
CY2019Q2 us-gaap Lease Income
LeaseIncome
28197000 USD
us-gaap Lease Income
LeaseIncome
67145000 USD
us-gaap Lease Income
LeaseIncome
56334000 USD
CY2020Q2 us-gaap Revenues
Revenues
33525000 USD
CY2019Q2 us-gaap Revenues
Revenues
28197000 USD
us-gaap Revenues
Revenues
67145000 USD
us-gaap Revenues
Revenues
56334000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14182000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12622000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28278000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
25632000 USD
CY2020Q2 good Property Operating Expenses
PropertyOperatingExpenses
6295000 USD
CY2019Q2 good Property Operating Expenses
PropertyOperatingExpenses
3060000 USD
good Property Operating Expenses
PropertyOperatingExpenses
12508000 USD
good Property Operating Expenses
PropertyOperatingExpenses
6128000 USD
us-gaap Interest Expense
InterestExpense
13968000 USD
CY2020Q2 good Base Management Fee
BaseManagementFee
1389000 USD
CY2019Q2 good Base Management Fee
BaseManagementFee
1293000 USD
good Base Management Fee
BaseManagementFee
2801000 USD
good Base Management Fee
BaseManagementFee
2560000 USD
CY2020Q2 good Incentive Fee
IncentiveFee
1119000 USD
CY2019Q2 good Incentive Fee
IncentiveFee
904000 USD
good Incentive Fee
IncentiveFee
2173000 USD
good Incentive Fee
IncentiveFee
1755000 USD
CY2020Q2 good Administration Fee
AdministrationFee
395000 USD
CY2019Q2 good Administration Fee
AdministrationFee
397000 USD
good Administration Fee
AdministrationFee
833000 USD
good Administration Fee
AdministrationFee
810000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
752000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
782000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1630000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1439000 USD
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1721000 USD
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1721000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
25853000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
19058000 USD
us-gaap Operating Expenses
OperatingExpenses
49944000 USD
us-gaap Operating Expenses
OperatingExpenses
38324000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
6716000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
7005000 USD
us-gaap Interest Expense
InterestExpense
14236000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-12000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2952000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
71000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
152000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6707000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6934000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13976000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11132000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
965000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
2205000 USD
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30449739 shares
us-gaap Profit Loss
ProfitLoss
3225000 USD
us-gaap Profit Loss
ProfitLoss
6878000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-28000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-16000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-37000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
29000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
993000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
2221000 USD
us-gaap Net Income Loss
NetIncomeLoss
3262000 USD
us-gaap Net Income Loss
NetIncomeLoss
6849000 USD
CY2020Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2688000 USD
CY2019Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2612000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
5366000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
5225000 USD
CY2020Q2 good Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
204000 USD
CY2019Q2 good Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
225000 USD
good Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
411000 USD
good Distributions Attributable To Senior Common Stock
DistributionsAttributableToSeniorCommonStock
449000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1899000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-616000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2515000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1175000 USD
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33939826 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33787386 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
29985881 shares
CY2020Q2 good Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
0.26
CY2019Q2 good Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
0.26
good Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
0.52
good Earnings Per Weighted Average Share Of Senior Common Stock
EarningsPerWeightedAverageShareOfSeniorCommonStock
0.52
CY2020Q2 good Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
776718 shares
CY2019Q2 good Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
861237 shares
good Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
785074 shares
good Weighted Average Shares Of Senior Common Stock Outstanding Basic
WeightedAverageSharesOfSeniorCommonStockOutstandingBasic
862762 shares
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-481000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-988000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3009000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1711000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
25632000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1721000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28278000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-481000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-988000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3009000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1711000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
965000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
2205000 USD
us-gaap Profit Loss
ProfitLoss
3225000 USD
us-gaap Profit Loss
ProfitLoss
6878000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
484000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1217000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
216000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5167000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-28000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-16000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-37000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
29000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
512000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1233000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
253000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5138000 USD
us-gaap Profit Loss
ProfitLoss
3225000 USD
us-gaap Profit Loss
ProfitLoss
6878000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-12000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2952000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
793000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
810000 USD
good Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
-975000 USD
good Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
-680000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
29000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
32000 USD
good Asset Retirement Obligation Expense
AssetRetirementObligationExpense
49000 USD
good Asset Retirement Obligation Expense
AssetRetirementObligationExpense
63000 USD
good Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
26000 USD
good Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
27000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1606000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
734000 USD
us-gaap Straight Line Rent
StraightLineRent
672000 USD
us-gaap Straight Line Rent
StraightLineRent
870000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1529000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
923000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
941000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
57000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
1139000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
236000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35423000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28950000 USD
good Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
71463000 USD
good Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
46557000 USD
good Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
3872000 USD
good Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
2227000 USD
us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
3947000 USD
us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
6318000 USD
good Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
41000 USD
good Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
1218000 USD
good Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
1220000 USD
good Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
921000 USD
good Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
1284000 USD
good Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
1674000 USD
good Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
962000 USD
good Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
1296000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1000000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1215000 USD
good Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments
ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments
2541000 USD
good Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments
ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments
1065000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70704000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41941000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30785000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33746000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
358000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
497000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
35855000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
41140000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
397000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
713000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
24391000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
30958000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
73900000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47900000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
83200000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
47500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
37700000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9563000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
12000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-106000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
31562000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
28751000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38344000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14261000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3063000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1270000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11488000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9082000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14551000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10352000 USD
good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
1357000 USD
good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
1645000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3009000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1711000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5998000 USD
good Operating Lease Liability Incurred
OperatingLeaseLiabilityIncurred
0 USD
good Operating Lease Liability Incurred
OperatingLeaseLiabilityIncurred
5998000 USD
good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
14000 USD
good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
811000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
502000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7590000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
4988000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
2762000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14551000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10352000 USD
good Quarterly Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
QuarterlyBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
0.00375
CY2020Q2 good Base Management Fee
BaseManagementFee
1400000 USD
good Base Management Fee
BaseManagementFee
2800000 USD
CY2019Q2 good Base Management Fee
BaseManagementFee
1300000 USD
good Base Management Fee
BaseManagementFee
2600000 USD
good Quarterly Incentive Fee Per Advisory Agreement
QuarterlyIncentiveFeePerAdvisoryAgreement
0.020
good Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
0.080
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
0.150
good Numberof Quarters Usedforthe Capof Average Quarterly Incentive Fees
NumberofQuartersUsedfortheCapofAverageQuarterlyIncentiveFees
4 quarter
CY2020Q2 good Incentive Fee
IncentiveFee
1100000 USD
good Incentive Fee
IncentiveFee
2200000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span 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. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, including the impact of extraordinary events such as the novel coronavirus (“COVID-19”) pandemic, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
good Numberof Executive Officers
NumberofExecutiveOfficers
2 officer
CY2020Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3300000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2900000 USD
good Annual Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
AnnualBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
0.015
CY2019Q2 good Incentive Fee
IncentiveFee
900000 USD
good Incentive Fee
IncentiveFee
1800000 USD
good Incentive Fee Waived
IncentiveFeeWaived
0 USD
good Percentage Of Incentive Fees On Capital Gains
PercentageOfIncentiveFeesOnCapitalGains
0.150
good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
good Notice Period For Termination Of Agreement Without Cause
NoticePeriodForTerminationOfAgreementWithoutCause
P120D
good Notice Period For Termination Of Agreement With Cause
NoticePeriodForTerminationOfAgreementWithCause
P30D
CY2020Q2 good Administration Fee
AdministrationFee
400000 USD
good Administration Fee
AdministrationFee
800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1175000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1899000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-616000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2515000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1175000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33939826 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30449739 shares
CY2019Q2 good Administration Fee
AdministrationFee
400000 USD
good Administration Fee
AdministrationFee
800000 USD
good Payment Of Financing Fee
PaymentOfFinancingFee
90000.00 USD
good Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
0.0025
CY2019Q2 good Payment Of Financing Fee
PaymentOfFinancingFee
80000.00 USD
good Payment Of Financing Fee
PaymentOfFinancingFee
100000 USD
CY2019Q2 good Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
0.0021
good Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
0.0020
CY2020Q1 good Selling Commissions Gross Proceeds Percentage
SellingCommissionsGrossProceedsPercentage
0.060
CY2020Q1 good Dealer Management Fee Gross Proceeds Percentage
DealerManagementFeeGrossProceedsPercentage
0.030
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1899000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-616000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2515000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1175000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33939826 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30449739 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33787386 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29985881 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1899000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-616000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2515000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33787386 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29985881 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 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 Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33939826 shares
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
207523000 USD
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30449739 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33787386 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29985881 shares
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q2 good Noncontrolling Interest Ownershipby Noncontrolling Owners Numberof Shares
NoncontrollingInterestOwnershipbyNoncontrollingOwnersNumberofShares
503033 shares
good Noncontrolling Interest Ownershipby Noncontrolling Owners Numberof Shares
NoncontrollingInterestOwnershipbyNoncontrollingOwnersNumberofShares
502133 shares
CY2019Q2 good Noncontrolling Interest Ownershipby Noncontrolling Owners Numberof Shares
NoncontrollingInterestOwnershipbyNoncontrollingOwnersNumberofShares
742937 shares
CY2020Q2 us-gaap Land
Land
144304000 USD
CY2019Q4 us-gaap Land
Land
137532000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
893547000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
851245000 USD
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
68423000 USD
CY2019Q4 us-gaap Tenant Improvements
TenantImprovements
68201000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219175000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
887099000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
849455000 USD
CY2020Q2 good Land Subjectto Land Lease Agreements Value
LandSubjecttoLandLeaseAgreementsValue
4436000 USD
good Number Of Properties Acquired
NumberOfPropertiesAcquired
5 property
good Number Of Properties Acquired
NumberOfPropertiesAcquired
6 property
good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
71965000 USD
good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
46563000 USD
good Land Subjectto Land Lease Agreement Fair Value
LandSubjecttoLandLeaseAgreementFairValue
2711000 USD
CY2020Q2 us-gaap Business Combination Acquired Direct Financing Lease Receivable
BusinessCombinationAcquiredDirectFinancingLeaseReceivable
53000 USD
CY2020Q2 us-gaap Advance Rent
AdvanceRent
62000 USD
good Number Of Leased Properties
NumberOfLeasedProperties
8 property
good Number Of Leased Properties
NumberOfLeasedProperties
5 property
good Area Of Leased Property
AreaOfLeasedProperty
362171 sqft
good Annualized Straight Line Rent On Leased Property
AnnualizedStraightLineRentOnLeasedProperty
5000000 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
2226000 USD
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
962000 USD
good Area Of Leased Property
AreaOfLeasedProperty
230264 sqft
good Annualized Straight Line Rent On Leased Property
AnnualizedStraightLineRentOnLeasedProperty
3366000 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
785000 USD
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
910000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
54979000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
108646000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
103030000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
95269000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
86407000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
77057000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
296165000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
821553000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
107159000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
101794000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
94252000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
86460000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
77414000 USD
CY2019Q4 good Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
307591000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
774670000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
28197000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
29690000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
27254000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
59169000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
54416000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
3835000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
943000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
7976000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1918000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
33525000 USD
us-gaap Lease Cost
LeaseCost
67145000 USD
us-gaap Lease Cost
LeaseCost
56334000 USD
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
37368000 USD
CY2020Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
16402000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
34322000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
15000000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10100000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4500000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9500000 USD
CY2020Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
700000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1400000 USD
CY2019Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
600000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1200000 USD
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P16Y10M24D
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P17Y
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-481000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
166728000 USD
CY2019Q4 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
250000 USD
CY2020Q2 good Number Of Existing Encumbered Properties
NumberOfExistingEncumberedProperties
121 property
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
666883000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
626594000 USD
CY2020Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0427
us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
1537000 USD
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
191718000 USD
CY2020Q2 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
42000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-988000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3009000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1711000 USD
CY2020Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-3834000 USD
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-923000 USD
CY2020Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
4 lease
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
234000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
477000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
489000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
492000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
493000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
494000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7305000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9984000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4216000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5768000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
208633000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
264085000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
208633000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
264085000 USD
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86290000 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
60290000 shares

Files In Submission

Name View Source Status
0001234006-20-000011-index-headers.html Edgar Link pending
0001234006-20-000011-index.html Edgar Link pending
0001234006-20-000011.txt Edgar Link pending
0001234006-20-000011-xbrl.zip Edgar Link pending
ex311063020.htm Edgar Link pending
ex312063020.htm Edgar Link pending
ex321063020.htm Edgar Link pending
ex322063020.htm Edgar Link pending
ex991063020.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
good-20200630.xsd Edgar Link pending
good-20200630_cal.xml Edgar Link unprocessable
good-20200630_def.xml Edgar Link unprocessable
good-20200630_lab.xml Edgar Link unprocessable
good-20200630_pre.xml Edgar Link unprocessable
good06302010qdocument0.htm Edgar Link pending
good06302010qdocument0_htm.xml Edgar Link completed
goodgmc6tharinvestmentad.htm Edgar Link pending
goodgmc6tharinvestmentad001.jpg Edgar Link pending
goodgmc6tharinvestmentad002.jpg Edgar Link pending
goodgmc6tharinvestmentad003.jpg Edgar Link pending
goodgmc6tharinvestmentad004.jpg Edgar Link pending
goodgmc6tharinvestmentad005.jpg Edgar Link pending
goodgmc6tharinvestmentad006.jpg Edgar Link pending
goodgmc6tharinvestmentad007.jpg Edgar Link pending
goodgmc6tharinvestmentad008.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending