$ICR-PA
InPoint Commercial Real Estate Income, Inc.

2022 Q1 Form 10-Q Financial Statement

#000156459022019295 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $7.590M $5.425M
YoY Change 39.91% -15.15%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $282.0K $272.0K
YoY Change 3.68%
% of Gross Profit
Operating Expenses $5.228M $4.060M
YoY Change 28.77% 159.42%
Operating Profit
YoY Change
Interest Expense $2.741M $1.894M
YoY Change 44.72% -52.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $2.362M $1.365M
YoY Change 73.04% -103.61%
Net Earnings / Revenue 31.12% 25.16%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $0.08
COMMON SHARES
Basic Shares Outstanding 10.87M 11.64M
Diluted Shares Outstanding 10.87M 11.64M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $76.32M $52.64M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $569.2M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $330.8M
YoY Change -31.53%
SHAREHOLDERS EQUITY
Retained Earnings -$48.78M
YoY Change -4.71%
Common Stock $287.2M
YoY Change -0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $299.8M $238.5M
YoY Change
Total Liabilities & Shareholders Equity $569.2M
YoY Change -20.93%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $2.362M $1.365M
YoY Change 73.04% -103.61%
Depreciation, Depletion And Amortization $282.0K $272.0K
YoY Change 3.68%
Cash From Operating Activities $4.457M $2.155M
YoY Change 106.82% -56.74%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$64.66M -$33.19M
YoY Change 94.81% -31.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.691M $124.0K
YoY Change 3683.06% -100.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 79.26M 11.57M
YoY Change 584.78% -77.97%
NET CHANGE
Cash From Operating Activities 4.457M 2.155M
Cash From Investing Activities -64.66M -33.19M
Cash From Financing Activities 79.26M 11.57M
Net Change In Cash 19.05M -19.46M
YoY Change -197.89% -315.39%
FREE CASH FLOW
Cash From Operating Activities $4.457M $2.155M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 ck1690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y9M18D
CY2021 ck1690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y8M12D
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-10-31
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-11-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-31
CY2022Q1 us-gaap Revenues
Revenues
7590000
CY2022Q1 ck1690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
950000
CY2021Q1 ck1690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
737000
CY2022Q1 ck1690012 Debt Finance Costs
DebtFinanceCosts
376000
CY2021Q1 ck1690012 Debt Finance Costs
DebtFinanceCosts
431000
CY2022Q1 ck1690012 Directors Compensation
DirectorsCompensation
21000
CY2021Q1 ck1690012 Directors Compensation
DirectorsCompensation
21000
CY2022Q1 us-gaap Professional Fees
ProfessionalFees
248000
CY2021Q1 us-gaap Professional Fees
ProfessionalFees
224000
CY2022Q1 ck1690012 Real Estate Owned Operating Expenses
RealEstateOwnedOperatingExpenses
3050000
CY2021Q1 ck1690012 Real Estate Owned Operating Expenses
RealEstateOwnedOperatingExpenses
2155000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
282000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
272000
CY2021Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
220000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1365000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
843000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1365000
CY2022Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10871052
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19052000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11640959
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
72107000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11640969
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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76320000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
307145000
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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580000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
343000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
2362000
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3353000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52644000
CY2022Q1 ck1690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
-152000
CY2022Q1 us-gaap Dividends Preferred Stock
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1519000
CY2021Q1 ck1690012 Amortization Of Deferred Exit Fees Due To Related Party
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142000
CY2022Q1 us-gaap Interest Paid Net
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2631000
CY2022Q1 ck1690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-159000
CY2022Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
5271000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1890000
CY2022Q1 ck1690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
2000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7000
CY2021Q1 ck1690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
-18000
CY2022Q1 ck1690012 Distribution Reinvestment
DistributionReinvestment
159000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
240256000
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1000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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276000
CY2021Q1 ck1690012 Distribution Reinvestment
DistributionReinvestment
120000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1365000
CY2021Q1 us-gaap Dividends Common Stock
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2892000
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0
CY2021Q1 ck1690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-120000
CY2021Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
125000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
238459000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1365000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
282000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
272000
CY2022Q1 ck1690012 Reduction In The Carrying Amount Of The Right Of Use Asset
ReductionInTheCarryingAmountOfTheRightOfUseAsset
18000
CY2021Q1 ck1690012 Reduction In The Carrying Amount Of The Right Of Use Asset
ReductionInTheCarryingAmountOfTheRightOfUseAsset
18000
CY2022Q1 ck1690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
7000
CY2021Q1 ck1690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
10000
CY2022Q1 ck1690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
376000
CY2021Q1 ck1690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
431000
CY2022Q1 ck1690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
25000
CY2021Q1 ck1690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
13000
CY2022Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
125000
CY2021Q1 ck1690012 Amortization Of Loan Extension Fees
AmortizationOfLoanExtensionFees
97000
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
55000
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
73000
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1021000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
416000
CY2021Q1 ck1690012 Increase Decrease In Loans Fees Payable
IncreaseDecreaseInLoansFeesPayable
-40000
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
194000
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
79000
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
154000
CY2021Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
76000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-232000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
112000
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
83000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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2155000
CY2022Q1 ck1690012 Proceeds From Loan Extension Fees Received On Commercial Loans
ProceedsFromLoanExtensionFeesReceivedOnCommercialLoans
51000
CY2021Q1 ck1690012 Proceeds From Loan Extension Fees Received On Commercial Loans
ProceedsFromLoanExtensionFeesReceivedOnCommercialLoans
51000
CY2022Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
91166000
CY2022Q1 ck1690012 Acquisition Of Real Estate Owned And Capital Expenditures
AcquisitionOfRealEstateOwnedAndCapitalExpenditures
68000
CY2021Q1 ck1690012 Acquisition Of Real Estate Owned And Capital Expenditures
AcquisitionOfRealEstateOwnedAndCapitalExpenditures
34000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64661000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33192000
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
580000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5271000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
125000
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
341000
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
294000
CY2022Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
151770000
CY2021Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
15244000
CY2022Q1 ck1690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
48556000
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14350000
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
626000
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AmortizationOfDeferredLoanOriginationFeesNet
203000
CY2022Q1 ck1690012 Amortization Of Loan Extension Fees
AmortizationOfLoanExtensionFees
34000
CY2022Q1 ck1690012 Proceeds From Sale Of Loan Participations
ProceedsFromSaleOfLoanParticipations
244000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11574000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
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3218000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
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2626000
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1519000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
79256000
CY2022Q1 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash and cash equivalents include funds on deposit with financial institutions, including demand deposits with financial institutions with original maturities of three months or less.
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
441814000
CY2022Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
41
CY2022Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
728814000
CY2022Q1 ck1690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
1284000
CY2022Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
730098000
CY2022Q1 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.043
CY2021 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
38
CY2021Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
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664170000
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MortgageLoansOnRealEstateUnamortizedCostsNet
1328000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
665498000
CY2021 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.046
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MortgageLoansOnRealEstate
665498000
CY2022Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
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155810000
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
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337033000
CY2022Q1 srt Mortgage Loans On Real Estate Collections Of Principal
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91166000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
114558000
CY2022Q1 ck1690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
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7000
CY2021 ck1690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
MortgageLoansOnRealEstateAmortizationOfLoanOriginationExtensionExpenseAndDeferredFees
1440000
CY2022Q1 ck1690012 Mortgage Loans On Real Estate Origination And Extension Fees Net Capitalized
MortgageLoansOnRealEstateOriginationAndExtensionFeesNetCapitalized
51000
CY2021 ck1690012 Mortgage Loans On Real Estate Origination And Extension Fees Net Capitalized
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231000
CY2022Q1 us-gaap Mortgage Loans On Real Estate
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730098000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
665498000
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-01-31
CY2022Q1 ck1690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
36
CY2021 ck1690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2022Q1 ck1690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2022Q1 ck1690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
5
CY2021 ck1690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
33
CY2021 ck1690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
5
CY2022Q1 ck1690012 Preferred Stock Change Of Control Terms Of Conversion
PreferredStockChangeOfControlTermsOfConversion
Subject to certain exceptions, beginning on September 22, 2022, upon the occurrence of a Change of Control, each holder of shares of Series A Preferred Stock will have the right to convert some or all of the Series A Preferred Stock held by such holder into a number of the Company’s shares of Class I common stock as provided for in the Articles Supplementary.
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-01-31
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-02-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-04-30
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-05-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-30
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-07-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-08-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-10-31
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-11-30
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-02-28
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-31
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-01-31
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-02-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-04-30
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-05-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-30
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-07-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-08-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-01-31
CY2022Q1 ck1690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
33
CY2022Q1 ck1690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
74918000
CY2021Q4 ck1690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
32
CY2021Q4 ck1690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
74518000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1137000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
165
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
843000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1365000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10871052
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
196
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10871248
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11640969
CY2022Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q1 ck1690012 Number Of Independent Directors
NumberOfIndependentDirectors
3
CY2022Q1 ck1690012 Lessee Finance Lease Termination Description
LesseeFinanceLeaseTerminationDescription
Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16827000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2022Q1 ck1690012 Lessee Finance Lease Interest Rate
LesseeFinanceLeaseInterestRate
0.1137
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
487000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
478000
CY2022Q1 us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Company is the lessee under one ground lease. The ground lease, which commenced on April 1, 1999, was assumed as part of the Renaissance O’Hare acquired through a deed-in-lieu of foreclosure transaction on August 20, 2020 and extends through March 31, 2098. The lease is classified as a finance lease. Under the ground lease, the Company is prohibited from mortgaging the land but is not prohibited from making a leasehold mortgage for property constructed on the land. The Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081 provided that twelve months’ notice is provided to the lessor prior to those respective dates.
CY2022Q1 ck1690012 Lessee Finance Lease Commencement Date
LesseeFinanceLeaseCommencementDate
1999-04-01
CY2022Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2098-03-31
CY2022Q1 ck1690012 Finance Lease Cost
FinanceLeaseCost
505000
CY2021Q1 ck1690012 Finance Lease Cost
FinanceLeaseCost
496000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
113000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
95000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5436000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5454000
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1208000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1611000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1745000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1772000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1772000
CY2022Q1 ck1690012 Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
269686000
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
277794000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
260605000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
17189000

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