2017 Q1 Form 10-K Financial Statement
#000114420417018323 Filed on April 03, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q4 | 2015 Q4 |
---|---|---|---|
Revenue | $859.2K | $460.7K | $0.00 |
YoY Change | |||
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 | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $2.041M | ||
YoY Change | 2242335.16% | ||
Operating Profit | |||
YoY Change | |||
Interest Expense | $131.8K | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $8.232K | ||
YoY Change | |||
Pretax Income | |||
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$457.3K | -$344.0K | -$3.149K |
YoY Change | 502453.85% | 10825.56% | |
Net Earnings / Revenue | -53.23% | -74.67% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 4.353M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q1 | 2016 Q4 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $6.789M | $3.432M | $200.8K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $1.242M | $478.2K | $0.00 |
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 | $3.524M | $0.00 | |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $41.30M | $200.8K | |
YoY Change | 20467.47% | ||
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 | $18.87M | $7.000K | |
YoY Change | 269539.91% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.415M | -$6.185K | |
YoY Change | 22774.49% | ||
Common Stock | $2.458K | $20.00 | |
YoY Change | 12190.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.23M | $193.8K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $41.30M | $200.8K | |
YoY Change | 20467.47% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q4 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$457.3K | -$344.0K | -$3.149K |
YoY Change | 502453.85% | 10825.56% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $182.8K | ||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$20.92M | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | -$19.74M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $23.85M | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | $182.8K | ||
Cash From Investing Activities | -$20.92M | ||
Cash From Financing Activities | $23.85M | ||
Net Change In Cash | $3.111M | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | $182.8K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q4 | us-gaap |
Land
Land
|
5369238 | USD |
CY2016Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
148577 | USD |
CY2015Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
7000 | USD |
CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
199980 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
0 | USD | |
CY2016 | us-gaap |
Revenues
Revenues
|
861744 | USD |
us-gaap |
Revenues
Revenues
|
0 | USD | |
CY2016 | us-gaap |
Affiliate Costs
AffiliateCosts
|
591073 | USD |
us-gaap |
Affiliate Costs
AffiliateCosts
|
0 | USD | |
CY2016 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
977 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD | |
CY2016 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-79271 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD | |
CY2016 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-78294 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | USD | |
CY2015Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
0 | USD |
CY2016Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
3523809 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
193815 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
41302560 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
200815 | USD |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3431769 | USD |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
200815 | USD |
CY2016 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
709982 | USD |
CY2016 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1276535 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6185 | USD | |
CY2016 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
73027 | USD |
us-gaap |
Acquisition Costs
AcquisitionCosts
|
0 | USD | |
CY2016 | us-gaap |
Interest Expense
InterestExpense
|
395110 | USD |
us-gaap |
Interest Expense
InterestExpense
|
0 | USD | |
CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1237441 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6185 | USD | |
CY2016 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.89 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.95 | ||
CY2016 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
428255 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1250 | shares | |
CY2016 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
493185 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
0 | USD | |
CY2016 | us-gaap |
Operating Expenses
OperatingExpenses
|
2999993 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
6185 | USD | |
CY2016 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
151762 | USD |
CY2016 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
979102 | USD |
us-gaap |
Other Operating Income
OtherOperatingIncome
|
0 | USD | |
us-gaap |
Tenant Reimbursements
TenantReimbursements
|
0 | USD | |
CY2016 | cik0001645873 |
Operating Expensesnet
OperatingExpensesnet
|
2020891 | USD |
CY2016Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
383422 | USD |
CY2015Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
0 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
7000 | USD |
CY2016Q4 | us-gaap |
Assets
Assets
|
41302560 | USD |
CY2015Q4 | us-gaap |
Assets
Assets
|
200815 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
0 | USD |
CY2015Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
0 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
0 | USD |
CY2015Q4 | us-gaap |
Secured Debt
SecuredDebt
|
0 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
0 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22231106 | USD |
CY2016Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1070219 | USD |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
0 | USD |
CY2015Q4 | us-gaap |
Land
Land
|
0 | USD |
CY2016Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
24243072 | USD |
CY2016Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
3632731 | USD |
CY2015Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | USD |
CY2015Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
0 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
33245041 | USD |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
493185 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
32751856 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
18874794 | USD |
CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
245604 | USD |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
0 | USD |
CY2016Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
196660 | USD |
CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
0 | USD |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
10156685 | USD |
CY2016Q4 | us-gaap |
Secured Debt
SecuredDebt
|
7113701 | USD |
CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2458 | USD |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
20 | USD |
CY2016Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
23643435 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1414787 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-6185 | USD |
CY2016 | us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
22577 | USD |
us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
7000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | USD | |
CY2016 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
24215000 | USD |
cik0001645873 |
Operating Expensesnet
OperatingExpensesnet
|
6185 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
200000 | USD | |
CY2016 | cik0001645873 |
Adjustments To Additional Paid In Capital Decrease In Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInRedeemableCommonStock
|
214127 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
0 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
24377178 | USD |
CY2016 | us-gaap |
Dividends
Dividends
|
171161 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
98000 | USD |
CY2016 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
731315 | USD |
CY2016 | cik0001645873 |
Deferred Rent Expenses
DeferredRentExpenses
|
28335 | USD |
cik0001645873 |
Deferred Rent Expenses
DeferredRentExpenses
|
0 | USD | |
CY2016 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
19651 | USD |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
0 | USD | |
CY2016 | us-gaap |
Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
|
17209 | USD |
us-gaap |
Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
|
0 | USD | |
CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
98000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | USD | |
CY2016 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
85347 | USD |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
0 | USD | |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-127170 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
815 | USD | |
CY2016 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
32985860 | USD |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
0 | USD | |
CY2016 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
3640634 | USD |
us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | USD | |
CY2016 | us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
500000 | USD |
us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
0 | USD | |
CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-37117511 | USD |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
0 | USD | |
CY2016 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
14057197 | USD |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD | |
CY2016 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
7319700 | USD |
us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
0 | USD | |
CY2016 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
53555 | USD |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD | |
CY2016 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
173213 | USD |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD | |
CY2016 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
651670 | USD |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD | |
CY2016 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
24252182 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
200000 | USD | |
CY2016 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
46165 | USD |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
0 | USD | |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
40721239 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
200000 | USD | |
CY2016 | us-gaap |
Interest Paid
InterestPaid
|
349120 | USD |
us-gaap |
Interest Paid
InterestPaid
|
0 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | USD | |
CY2016 | us-gaap |
Stock Issued1
StockIssued1
|
124996 | USD |
CY2016 | cik0001645873 |
Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
|
214127 | USD |
cik0001645873 |
Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
|
0 | USD | |
CY2016 | cik0001645873 |
Increase In Redeemable Common Stock Payable
IncreaseInRedeemableCommonStockPayable
|
17467 | USD |
cik0001645873 |
Increase In Redeemable Common Stock Payable
IncreaseInRedeemableCommonStockPayable
|
0 | USD | |
CY2016 | cik0001645873 |
Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
|
2885 | USD |
CY2016 | cik0001645873 |
Increase In Lease Incentive Payable
IncreaseInLeaseIncentivePayable
|
535500 | USD |
cik0001645873 |
Increase In Lease Incentive Payable
IncreaseInLeaseIncentivePayable
|
0 | USD | |
cik0001645873 |
Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
|
0 | USD | |
CY2015Q4 | cik0001645873 |
Minimum Investment In Shares Value
MinimumInvestmentInSharesValue
|
500 | USD |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2015Q4 | cik0001645873 |
Authority To Issue Of Common Stock
AuthorityToIssueOfCommonStock
|
250000000 | shares |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2016 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
3476558 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
200815 | USD | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2016 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2016 | dei |
Entity Registrant Name
EntityRegistrantName
|
Rich Uncles NNN REIT, Inc. | |
CY2016 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001645873 | |
CY2016 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2016 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
19651 | USD |
CY2016 | dei |
Document Type
DocumentType
|
10-K | |
CY2016 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2016 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-12-31 | |
CY2016 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2016 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.99 | pure |
CY2016 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.01 | pure |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2437718 | shares |
CY2016Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
24377178 | USD |
CY2016 | cik0001645873 |
Minimum Percentage Distribute Of Taxable Income To Shareholders
MinimumPercentageDistributeOfTaxableIncomeToShareholders
|
0.9 | pure |
CY2016Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
10289983 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
137496 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
143027 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
148780 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
6704663 | USD |
CY2016Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
17423949 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
153562 | USD |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
17270387 | USD |
CY2016Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
26339 | USD |
CY2016 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2016 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2016 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2016 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2016Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
CY2017Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
4353420 | shares |
CY2016 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt"><strong>Use of Estimates</strong></font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <b><i><font style="FONT-SIZE: 10pt"> </font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2016 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
37554 | USD |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20000 | shares |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
0 | USD | |
CY2016Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
108433 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1092512 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
0 | USD |
CY2016Q4 | cik0001645873 |
Belowmarket Lease Intangibles Net
BelowmarketLeaseIntangiblesNet
|
150767 | USD |
CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2458881 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2458881 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20000 | shares |
CY2016 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
83843 | USD |
CY2016 | us-gaap |
Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
|
79862 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
517252 | USD |
CY2016Q4 | cik0001645873 |
Land Building And Improvements
LandBuildingAndImprovements
|
29612310 | USD |
CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2016 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
83843 | USD |
CY2016 | cik0001645873 |
Increase In Other Offering Costs Due To Affiliates
IncreaseInOtherOfferingCostsDueToAffiliates
|
79645 | USD |
CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.14 | |
CY2016Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.18 | |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-29.68 | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.39 | |
CY2016Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.42 | |
CY2016Q4 | cik0001645873 |
Capitalized Acquisition Costs
CapitalizedAcquisitionCosts
|
675961 | USD |
CY2016 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
3091194 | USD |
CY2015 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
1931992 | USD |
CY2016 | cik0001645873 |
Business Acquisition Pro Forma Depreciation And Amortization Expenses
BusinessAcquisitionProFormaDepreciationAndAmortizationExpenses
|
1544205 | USD |
CY2015 | cik0001645873 |
Business Acquisition Pro Forma Depreciation And Amortization Expenses
BusinessAcquisitionProFormaDepreciationAndAmortizationExpenses
|
965137 | USD |
CY2016 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
425865 | USD |
CY2015 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
264998 | USD |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
41466 | USD |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
359544 | USD |
CY2016Q4 | us-gaap |
Revenues
Revenues
|
460734 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-91 | USD |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-593679 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-299625 | USD |
CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-344046 | USD |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q4 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
0 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3000 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-36 | USD |
CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3149 | USD |
CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.60 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.31 | |
CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2015Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2015Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
7266145 | USD |
CY2016Q4 | cik0001645873 |
Real Estate And Accumulated Depreciation Initial Cost Of Land Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandBuildingsAndImprovements
|
33245041 | USD |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
0 | USD |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
5369238 | USD |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
27875803 | USD |
CY2016 | cik0001645873 |
Percentage Of Acquisition Fees Upon Contract Purchase Price
PercentageOfAcquisitionFeesUponContractPurchasePrice
|
0.030 | pure |
CY2016Q4 | cik0001645873 |
Financing Coordination Fee Percentage
FinancingCoordinationFeePercentage
|
0.010 | pure |
CY2016 | us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.015 | pure |
CY2016 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.32 | |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
5369238 | USD |
CY2016Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
27875803 | USD |
CY2016Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
33245041 | USD |
CY2016Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
493185 | USD |
CY2015Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
0 | USD |
CY2014Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
0 | USD |
CY2016 | us-gaap |
Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
|
33245041 | USD |
CY2015 | us-gaap |
Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
|
0 | USD |
CY2015Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
0 | USD |
CY2014Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
0 | USD |
CY2016 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
493185 | USD |
CY2015 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
0 | USD |
CY2016Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
32751856 | USD |
CY2015Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
0 | USD |
CY2016Q4 | cik0001645873 |
Stock Redemption Percentage On Weightedaverage Number Of Shares Outstanding
StockRedemptionPercentageOnWeightedaverageNumberOfSharesOutstanding
|
0.05 | pure |
CY2016Q4 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2016Q4 | cik0001645873 |
Percentage Of Assets Management Fees Paid By Advisor
PercentageOfAssetsManagementFeesPaidByAdvisor
|
0.5 | pure |
CY2016Q4 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
100000 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
|
1000000 | USD |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | ||
CY2016 | us-gaap |
Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
|
-877465 | USD |
CY2016Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
108433 | USD |
CY2015 | us-gaap |
Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
|
-7000 | USD |
CY2016 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
547148 | USD |
CY2016 | cik0001645873 |
Operating Expenses Reimbursement Maximum Limit Reimbursements
OperatingExpensesReimbursementMaximumLimitReimbursements
|
Under the prospectus, total operating expenses of the Company are limited to the greater of 2% of average invested assets or 25% of net income for the four most recently completed fiscal quarters (2%/25% Limitation). | |
cik0001645873 |
Increase In Other Offering Costs Due To Affiliates
IncreaseInOtherOfferingCostsDueToAffiliates
|
0 | USD | |
CY2016 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
171063 | USD |
us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
0 | USD | |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
2450550 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
2487342 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
2524914 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
2563267 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
1751890 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
18205728 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
6427765 | USD |
CY2016 | us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
28571 | USD |
CY2016 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
274200 | USD |
CY2016 | cik0001645873 |
Projected Revenue Description
ProjectedRevenueDescription
|
Company's investments in real estate are concentrated in two investment types with over 64% of projected revenues procuring from two office properties | |
CY2016Q4 | us-gaap |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
32985860 | USD |