2022 Q1 Form 10-Q Financial Statement

#000123400622000007 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $35.53M $34.68M
YoY Change 2.46% 3.15%
Cost Of Revenue $8.070M $7.910M
YoY Change 2.02% 5.05%
Gross Profit $27.46M $26.77M
YoY Change 2.58% 2.61%
Gross Profit Margin 77.29% 77.2%
Selling, General & Admin $2.899M $2.290M
YoY Change 26.59% -7.29%
% of Gross Profit 10.56% 8.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.69M $16.71M
YoY Change -12.09% 18.51%
% of Gross Profit 53.49% 62.42%
Operating Expenses $25.66M $26.90M
YoY Change -4.63% 11.67%
Operating Profit $1.803M -$134.0K
YoY Change -1445.52% -106.71%
Interest Expense $6.586M $7.164M
YoY Change -8.07% -1.21%
% of Operating Profit 365.28%
Other Income/Expense, Net -$6.482M -$7.735M
YoY Change -16.2% 6.41%
Pretax Income $3.391M $40.00K
YoY Change 8377.5% -98.23%
Income Tax
% Of Pretax Income
Net Earnings $3.389M $79.00K
YoY Change 4189.87% -96.52%
Net Earnings / Revenue 9.54% 0.23%
Basic Earnings Per Share $0.01 -$0.08
Diluted Earnings Per Share $0.01 -$0.08
COMMON SHARES
Basic Shares Outstanding 37.90M shares 35.71M shares
Diluted Shares Outstanding 37.90M shares 35.71M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.585M $9.900M
YoY Change -3.18% 0.0%
Cash & Equivalents $9.585M $9.871M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.585M $9.900M
YoY Change -3.18% 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $969.6M $909.1M
YoY Change 6.66% -0.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $48.79M $49.50M
YoY Change -1.44% 2.7%
Total Long-Term Assets $1.145B $1.078B
YoY Change 6.16% -0.96%
TOTAL ASSETS
Total Short-Term Assets $9.585M $9.900M
Total Long-Term Assets $1.145B $1.078B
Total Assets $1.154B $1.088B
YoY Change 6.07% -0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.574M $3.200M
YoY Change 11.69% 0.0%
Accrued Expenses $5.460M $5.600M
YoY Change -2.5% -3.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.82M $8.800M
YoY Change 22.99% -34.81%
LONG-TERM LIABILITIES
Long-Term Debt $705.4M $663.1M
YoY Change 6.38% -0.47%
Other Long-Term Liabilities $49.80M $38.40M
YoY Change 29.68% -4.71%
Total Long-Term Liabilities $755.2M $701.5M
YoY Change 7.65% -0.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.82M $8.800M
Total Long-Term Liabilities $755.2M $701.5M
Total Liabilities $769.6M $715.9M
YoY Change 7.5% -1.01%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $38.00K $36.00K
YoY Change 5.56% 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $213.3M $211.7M
YoY Change
Total Liabilities & Shareholders Equity $1.154B $1.088B
YoY Change 6.07% -0.95%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $3.389M $79.00K
YoY Change 4189.87% -96.52%
Depreciation, Depletion And Amortization $14.69M $16.71M
YoY Change -12.09% 18.51%
Cash From Operating Activities $17.19M $16.88M
YoY Change 1.82% -16.97%
INVESTING ACTIVITIES
Capital Expenditures -$14.41M -$12.52M
YoY Change 15.06% -82.96%
Acquisitions
YoY Change
Other Investing Activities -$3.166M $5.990M
YoY Change -152.85% 26.11%
Cash From Investing Activities -$17.57M -$6.526M
YoY Change 169.25% -90.51%
FINANCING ACTIVITIES
Cash Dividend Paid $17.37M $16.65M
YoY Change 4.3% 5.79%
Common Stock Issuance & Retirement, Net $22.17M $11.47M
YoY Change 93.34% -59.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.866M -$11.82M
YoY Change -115.78% -122.98%
NET CHANGE
Cash From Operating Activities $17.19M $16.88M
Cash From Investing Activities -$17.57M -$6.526M
Cash From Financing Activities $1.866M -$11.82M
Net Change In Cash $1.482M -$1.471M
YoY Change -200.75% -148.34%
FREE CASH FLOW
Cash From Operating Activities $17.19M $16.88M
Capital Expenditures -$14.41M -$12.52M
Free Cash Flow $31.59M $29.40M
YoY Change 7.46% -68.66%

Facts In Submission

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IncreaseDecreaseInOtherOperatingAssets
372000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-224000 USD
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
-1156000 USD
CY2021Q1 us-gaap Straight Line Rent
StraightLineRent
355000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1508000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1063000 USD
CY2022Q1 good Increase Decrease In Accounts Payable And Accrued Liabilities Due To Adviser And Administrator
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesDueToAdviserAndAdministrator
143000 USD
CY2021Q1 good Increase Decrease In Accounts Payable And Accrued Liabilities Due To Adviser And Administrator
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesDueToAdviserAndAdministrator
265000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
856000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-446000 USD
CY2022Q1 us-gaap Payments For Commissions
PaymentsForCommissions
962000 USD
CY2021Q1 us-gaap Payments For Commissions
PaymentsForCommissions
555000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17187000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16879000 USD
CY2022Q1 good Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
13463000 USD
CY2021Q1 good Payments To Acquire Real Estate And Intangible Assets
PaymentsToAcquireRealEstateAndIntangibleAssets
10846000 USD
CY2022Q1 good Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
942000 USD
CY2021Q1 good Improvements Of Existing Real Estate
ImprovementsOfExistingRealEstate
1669000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
5106000 USD
CY2022Q1 good Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
28000 USD
CY2021Q1 good Receipts From Lenders For Reserves Held In Escrow
ReceiptsFromLendersForReservesHeldInEscrow
1768000 USD
CY2022Q1 good Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
2544000 USD
CY2021Q1 good Payments To Lenders For Reserves Held In Escrow
PaymentsToLendersForReservesHeldInEscrow
559000 USD
CY2022Q1 good Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
875000 USD
CY2021Q1 good Receipts From Tenants For Reserves
ReceiptsFromTenantsForReserves
1215000 USD
CY2022Q1 good Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
1016000 USD
CY2021Q1 good Payments To Tenants From Reserves
PaymentsToTenantsFromReserves
1541000 USD
CY2022Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
509000 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17571000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6526000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
22166000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11465000 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
395000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
153000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
55000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
5500000 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
584000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3460000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7497000 USD
CY2022Q1 good Base Management Fee
BaseManagementFee
1500000 USD
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
23100000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13000000 USD
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
22100000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
66900000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000 USD
CY2022Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-25000 USD
CY2021Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-6000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
17365000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
16649000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1866000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11824000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1482000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1471000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13178000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16076000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14660000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14605000 USD
CY2022Q1 good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
3340000 USD
CY2021Q1 good Base Management Fee
BaseManagementFee
1400000 USD
CY2021Q1 good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
1102000 USD
CY2022Q1 good Noncash Or Part Noncash Payments To Acquire Real Estate And Intangible Asset
NoncashOrPartNoncashPaymentsToAcquireRealEstateAndIntangibleAsset
0 USD
CY2021Q1 good Noncash Or Part Noncash Payments To Acquire Real Estate And Intangible Asset
NoncashOrPartNoncashPaymentsToAcquireRealEstateAndIntangibleAsset
300000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4267000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2424000 USD
CY2022Q1 good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
497000 USD
CY2021Q1 good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
788000 USD
CY2022Q1 good Stock Issued For Preferred Stock Dividends
StockIssuedForPreferredStockDividends
88000 USD
CY2021Q1 good Stock Issued For Preferred Stock Dividends
StockIssuedForPreferredStockDividends
0 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9585000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9871000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
5075000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
4734000 USD
CY2022Q1 good Administration Fee
AdministrationFee
500000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14660000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14605000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 ongoing 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>
CY2022Q1 good Numberof Executive Officers
NumberofExecutiveOfficers
2 officer
CY2022Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3600000 USD
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3400000 USD
CY2020Q3 good Annual Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
AnnualBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
0.00425
CY2020Q3 good Quarterly Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses
QuarterlyBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses
0.0010625
CY2022Q1 good Quarterly Incentive Fee Per Advisory Agreement
QuarterlyIncentiveFeePerAdvisoryAgreement
0.020
CY2022Q1 good Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
0.080
CY2022Q1 good Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
0.150
CY2022Q1 good Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
0.150
CY2022Q1 good Numberof Quarters Usedforthe Capof Average Quarterly Incentive Fees
NumberofQuartersUsedfortheCapofAverageQuarterlyIncentiveFees
4 quarter
CY2022Q1 good Incentive Fee
IncentiveFee
1300000 USD
CY2021Q1 good Incentive Fee
IncentiveFee
1200000 USD
CY2022Q1 good Incentive Fee Waived
IncentiveFeeWaived
0 USD
CY2021Q1 good Incentive Fee Waived
IncentiveFeeWaived
0 USD
CY2022Q1 good Percentage Of Incentive Fees On Capital Gains
PercentageOfIncentiveFeesOnCapitalGains
0.150
CY2021Q1 good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
CY2022Q1 good Incentive Fee On Capital Gains
IncentiveFeeOnCapitalGains
0 USD
CY2022Q1 good Notice Period For Termination Of Agreement Without Cause
NoticePeriodForTerminationOfAgreementWithoutCause
P120D
CY2022Q1 good Period Prior To Termination
PeriodPriorToTermination
P24M
CY2022Q1 good Notice Period For Termination Of Agreement With Cause
NoticePeriodForTerminationOfAgreementWithCause
P30D
CY2021Q1 good Administration Fee
AdministrationFee
300000 USD
CY2022Q1 good Payment Of Financing Fee
PaymentOfFinancingFee
0 USD
CY2021Q1 good Payment Of Financing Fee
PaymentOfFinancingFee
14000 USD
CY2021Q1 good Secured Mortgages Financing Fee Percent
SecuredMortgagesFinancingFeePercent
0.0025
CY2020Q1 good Selling Commissions Gross Proceeds Percentage
SellingCommissionsGrossProceedsPercentage
0.060
CY2020Q1 good Dealer Management Fee Gross Proceeds Percentage
DealerManagementFeeGrossProceedsPercentage
0.030
CY2022Q1 good Dealer Management Fee Payments For Commissions
DealerManagementFeePaymentsForCommissions
100000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
322000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2955000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37902653 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35714107 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
322000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2955000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
322000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2955000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37902653 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35714107 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37902653 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35714107 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2022Q1 good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
256994 shares
CY2021Q1 good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
500299 shares
CY2022Q1 us-gaap Land
Land
150589000 USD
CY2021Q4 us-gaap Land
Land
149773000 USD
CY2022Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1019020000 USD
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1004362000 USD
CY2022Q1 us-gaap Tenant Improvements
TenantImprovements
71319000 USD
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
71123000 USD
CY2022Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
276612000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
266672000 USD
CY2022Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
964316000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
958586000 USD
CY2022Q1 good Land Subjectto Land Lease Agreements Value
LandSubjecttoLandLeaseAgreementsValue
4436000 USD
CY2021Q4 good Land Subjectto Land Lease Agreements Value
LandSubjecttoLandLeaseAgreementsValue
4436000 USD
CY2022Q1 good Number Of Properties Acquired
NumberOfPropertiesAcquired
2 property
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 USD
CY2021Q1 good Number Of Properties Acquired
NumberOfPropertiesAcquired
1 property
CY2022Q1 good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
13463000 USD
CY2021Q1 good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
11146000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
88866000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
110944000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
104954000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
101197000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
92659000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
74431000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
284547000 USD
CY2022Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
800000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
857598000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
31332000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
30757000 USD
CY2022Q1 good Operating Lease Cost Net Change Value
OperatingLeaseCostNetChangeValue
575000 USD
CY2022Q1 good Operating Lease Cost Net Change Percent
OperatingLeaseCostNetChangePercent
0.019
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4199000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3920000 USD
CY2022Q1 good Variable Lease Cost Net Change Value
VariableLeaseCostNetChangeValue
279000 USD
CY2022Q1 good Variable Lease Cost Net Change Percent
VariableLeaseCostNetChangePercent
0.071
CY2022Q1 us-gaap Lease Cost
LeaseCost
35531000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
34677000 USD
CY2022Q1 good Lease Cost Net Change Value
LeaseCostNetChangeValue
854000 USD
CY2022Q1 good Lease Cost Net Change Percent
LeaseCostNetChangePercent
0.025
CY2022Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
51581000 USD
CY2022Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
22284000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
48241000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
21471000 USD
CY2021Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1600000 USD
CY2022Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y10M24D
CY2021Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P15Y4M24D
CY2021Q4 good Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2022Q1 good Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2021Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2022Q1 good Number Of Existing Encumbered Properties
NumberOfExistingEncumberedProperties
129 property
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
705383000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
707526000 USD
CY2022Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0419
CY2022Q1 us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
1228000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
233557000 USD
CY2022Q1 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
1950000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
233632000 USD
CY2021Q4 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
324000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4267000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2424000 USD
CY2022Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
4218000 USD
CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-52000 USD
CY2022Q1 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
4 property
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
368000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
492000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
493000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
494000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
498000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
506000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6301000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9152000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3692000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5460000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y1M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0532
CY2022Q1 good Temporary Equity Contract Terms Trigger Change In Control Percentage
TemporaryEquityContractTermsTriggerChangeInControlPercentage
0.50
CY2022Q1 good Temporary Equity Contract Terms Trigger Change In Control Percentage
TemporaryEquityContractTermsTriggerChangeInControlPercentage
0.50
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
214570000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
213163000 USD
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86290000 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
60290000 shares
CY2022Q1 good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Outstanding
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesOutstanding
256994 shares
good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Outstanding
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesOutstanding
256994 shares

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