2023 Q3 Form 10-Q Financial Statement

#000123400623000011 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $36.46M $38.66M
YoY Change -8.46% 6.21%
Cost Of Revenue $8.320M $8.243M
YoY Change 3.5% -2.29%
Gross Profit $28.15M $30.42M
YoY Change -11.46% 8.77%
Gross Profit Margin 77.2% 78.68%
Selling, General & Admin $2.030M $1.714M
YoY Change -30.65% -38.7%
% of Gross Profit 7.21% 5.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.49M $16.17M
YoY Change -20.77% 6.23%
% of Gross Profit 44.37% 53.15%
Operating Expenses $29.59M $33.72M
YoY Change -20.99% 21.17%
Operating Profit -$1.437M -$3.301M
YoY Change -74.58% -2492.03%
Interest Expense $9.936M $9.081M
YoY Change 9.1% 27.52%
% of Operating Profit
Other Income/Expense, Net -$5.085M -$9.530M
YoY Change -4681.08% 36.1%
Pretax Income $1.790M -$4.588M
YoY Change -28.31% -391.86%
Income Tax
% Of Pretax Income
Net Earnings $1.789M -$4.515M
YoY Change -28.47% -385.4%
Net Earnings / Revenue 4.91% -11.68%
Basic Earnings Per Share -$0.04 -$0.19
Diluted Earnings Per Share -$0.04 -$0.19
COMMON SHARES
Basic Shares Outstanding 39.92M shares 40.00M shares
Diluted Shares Outstanding 39.92M shares 39.98M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.30M $16.49M
YoY Change 35.16% 53.5%
Cash & Equivalents $18.26M $16.49M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $29.40M $36.77M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $47.70M $53.25M
YoY Change 91.0% 82.72%
LONG-TERM ASSETS
Property, Plant & Equipment $939.4M $951.0M
YoY Change -6.05% -3.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.90M $49.41M
YoY Change 2.08% 0.82%
Total Long-Term Assets $1.119B $1.129B
YoY Change -5.51% -3.05%
TOTAL ASSETS
Total Short-Term Assets $47.70M $53.25M
Total Long-Term Assets $1.119B $1.129B
Total Assets $1.167B $1.182B
YoY Change -3.51% -0.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.20M $14.10M
YoY Change 337.37% 286.81%
Accrued Expenses $5.100M $5.202M
YoY Change -4.85% -3.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.30M $19.31M
YoY Change 135.0% 113.15%
LONG-TERM LIABILITIES
Long-Term Debt $749.0M $753.7M
YoY Change 0.98% 2.69%
Other Long-Term Liabilities $50.20M $55.13M
YoY Change -16.74% -3.89%
Total Long-Term Liabilities $799.2M $808.9M
YoY Change -0.36% 2.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.30M $19.31M
Total Long-Term Liabilities $799.2M $808.9M
Total Liabilities $820.5M $828.2M
YoY Change -0.18% 2.34%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $39.00K $39.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $175.1M $182.2M
YoY Change
Total Liabilities & Shareholders Equity $1.167B $1.182B
YoY Change -3.51% -0.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.789M -$4.515M
YoY Change -28.47% -385.4%
Depreciation, Depletion And Amortization $12.49M $16.17M
YoY Change -20.77% 6.23%
Cash From Operating Activities $17.80M $15.77M
YoY Change -20.14% -9.48%
INVESTING ACTIVITIES
Capital Expenditures $12.57M $9.375M
YoY Change -128.16% -123.84%
Acquisitions
YoY Change
Other Investing Activities $15.91M $1.777M
YoY Change -40.96% -288.04%
Cash From Investing Activities $3.330M -$7.598M
YoY Change -118.82% -81.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.63M -6.399M
YoY Change 826.82% -127.35%
NET CHANGE
Cash From Operating Activities 17.80M 15.77M
Cash From Investing Activities 3.330M -7.598M
Cash From Financing Activities -19.63M -6.399M
Net Change In Cash 1.500M 1.772M
YoY Change -39.56% 225.74%
FREE CASH FLOW
Cash From Operating Activities $17.80M $15.77M
Capital Expenditures $12.57M $9.375M
Free Cash Flow $5.230M $6.394M
YoY Change -92.19% -88.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39744359 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
39744359 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39950672 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39950672 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38326531 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38326531 shares
good Increase Decrease In Security Deposit
IncreaseDecreaseInSecurityDeposit
253000 usd
good Increase Decrease In Security Deposit
IncreaseDecreaseInSecurityDeposit
73000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
30274000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
35026000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19193000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25264000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4571000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2026000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15992000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13178000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20563000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15204000 usd
good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
861000 usd
good Fixed Asset Additions Paid For By Tenant
FixedAssetAdditionsPaidForByTenant
12952000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2130000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
6870000 usd
good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
2116000 usd
good Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities
NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities
645000 usd
good Stock Issued For Preferred Stock Dividends
StockIssuedForPreferredStockDividends
226000 usd
good Stock Issued For Preferred Stock Dividends
StockIssuedForPreferredStockDividends
184000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16487000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10741000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
4076000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
4463000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7642000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1072000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7685000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1447000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7642000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1072000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39978674 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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:107%">Revision of Previously Issued Financial Statements</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:107%">In connection with the preparation of its financial statements for the second quarter of 2023, the Company identified errors in the calculation of depreciation of tenant funded improvement assets at a number of its properties. The Company had depreciated these assets through a term that was different than their useful lives, the correction of which resulted in changes to depreciation expense, a non-cash amount, and net income. The correction of these errors had an immaterial impact on the Incentive Fee for each period presented and had no impact on any other Advisory fees. The identified errors were included in the Company's previously issued 2021 quarterly and annual financial statements, 2022 quarterly and annual financial statements, and quarterly financial statements for the three months ended March 31, 2023. The Company evaluated the errors and determined that the related impact was not material to the Consolidated Statements of Operations and Comprehensive Income, Consolidated Balance Sheets, Consolidated Statements of Cash Flows or Consolidated Statements of Equity for any period impacted. The Company has revised the previously issued Condensed Consolidated Statements of Operations and Comprehensive Income, Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Cash Flows and Stockholders’ Equity tables as of and for the three and six months ended June 30, 2022 to correct for such errors and these revisions are reflected in this Form 10-Q. The Company will also correct previously reported financial information for these errors in its future filings, as applicable. A summary of the corrections to the impacted financial statement line items to the Company’s previously issued Consolidated Statements of Operations and Comprehensive Income, Consolidated Balance Sheets, Consolidated Statements of Cash Flows and Consolidated Statements of Equity for each affected period is presented in Note 9, “Revision of Previously Issued Financial Statements.”</span></div>
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, 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>
good Numberof Executive Officers
NumberofExecutiveOfficers
2 officer
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7685000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1447000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7642000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1072000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39978674 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38745751 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39950672 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38326531 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7685000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1447000 usd
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 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
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39978674 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38745751 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39950672 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38326531 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2023Q2 good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
391468 shares
good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
391468 shares
CY2022Q2 good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
256994 shares
good Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average
NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage
256994 shares
CY2023Q2 us-gaap Land
Land
144228000 usd
CY2022Q4 us-gaap Land
Land
152916000 usd
CY2023Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1029967000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
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CY2023Q2 us-gaap Tenant Improvements
TenantImprovements
58665000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
64974000 usd
CY2023Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
286911000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
286150000 usd
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
945949000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1001147000 usd
CY2022Q4 good Land Subjectto Land Lease Agreements Value
LandSubjecttoLandLeaseAgreementsValue
4436000 usd
CY2023Q2 good Land Subjectto Land Lease Agreements Value
LandSubjecttoLandLeaseAgreementsValue
4436000 usd
good Number Of Properties Acquired
NumberOfPropertiesAcquired
1 property
good Number Of Properties Acquired
NumberOfPropertiesAcquired
7 property
good Operating Lease Cost Net Change Value
OperatingLeaseCostNetChangeValue
3311000 usd
good Operating Lease Cost Net Change Percent
OperatingLeaseCostNetChangePercent
0.052
good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
5363000 usd
good Purchase Price Of Acquired Property
PurchasePriceOfAcquiredProperty
51919000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
57904000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
112610000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
111833000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
106202000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
89935000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
74706000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
334312000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
34380000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
31878000 usd
CY2023Q2 good Operating Lease Cost Net Change Value
OperatingLeaseCostNetChangeValue
2502000 usd
CY2023Q2 good Operating Lease Cost Net Change Percent
OperatingLeaseCostNetChangePercent
0.078
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
4278000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
4521000 usd
CY2023Q2 good Variable Lease Cost Net Change Value
VariableLeaseCostNetChangeValue
-243000 usd
CY2023Q2 good Variable Lease Cost Net Change Percent
VariableLeaseCostNetChangePercent
-0.054
CY2023Q2 us-gaap Lease Cost
LeaseCost
38658000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
36399000 usd
CY2023Q2 good Lease Cost Net Change Value
LeaseCostNetChangeValue
2259000 usd
CY2023Q2 good Lease Cost Net Change Percent
LeaseCostNetChangePercent
0.062
us-gaap Operating Lease Cost
OperatingLeaseCost
66521000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
63210000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
8691000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
8720000 usd
good Variable Lease Cost Net Change Value
VariableLeaseCostNetChangeValue
-29000 usd
good Variable Lease Cost Net Change Percent
VariableLeaseCostNetChangePercent
-0.003
us-gaap Lease Cost
LeaseCost
75212000 usd
us-gaap Lease Cost
LeaseCost
71930000 usd
good Lease Cost Net Change Value
LeaseCostNetChangeValue
3282000 usd
good Lease Cost Net Change Percent
LeaseCostNetChangePercent
0.046
CY2023Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
63100000 usd
CY2023Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
27339000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9300000 usd
CY2023Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2500000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
4400000 usd
CY2023Q2 good Number Of Existing Encumbered Properties
NumberOfExistingEncumberedProperties
134 property
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
753734000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
749206000 usd
CY2023Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0423
us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
620000 usd
CY2023Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
225000000 usd
CY2023Q2 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
2095000 usd
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
225000000 usd
CY2022Q4 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
4629000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
8025000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2603000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2130000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
6870000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
264000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
527000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
CY2023Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
13365000 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
11996000 usd
CY2023Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
4 property
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
247000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
493000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
494000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
498000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P18Y1M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q1 us-gaap Common Stock Shares Outstanding
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CY2022Q1 us-gaap Profit Loss
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us-gaap Operating Expenses
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLoss
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us-gaap Profit Loss
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CY2023Q1 us-gaap Operating Expenses
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CY2023Q1 us-gaap Profit Loss
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CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Liabilities And Stockholders Equity
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CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2022Q2 us-gaap Assets
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CY2022Q2 us-gaap Accumulated Distributions In Excess Of Net Income
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CY2022Q2 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Assets
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CY2022Q3 us-gaap Accumulated Distributions In Excess Of Net Income
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CY2022Q4 us-gaap Real Estate Investment Property Net
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CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2022Q4 us-gaap Assets
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CY2022Q4 us-gaap Accumulated Distributions In Excess Of Net Income
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CY2022Q4 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2023Q1 us-gaap Real Estate Investment Property Net
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CY2023Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2023Q1 us-gaap Assets
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CY2023Q1 us-gaap Accumulated Distributions In Excess Of Net Income
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Depreciation And Amortization
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CY2022Q1 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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CY2022 us-gaap Depreciation And Amortization
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Depreciation And Amortization
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false

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