2016 Q4 Form 10-K Financial Statement

#000114420418018977 Filed on April 03, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 2015 Q4
Revenue $460.7K $861.7K $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 $3.000M
YoY Change
Operating Profit
YoY Change
Interest Expense $395.1K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$78.29K
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$344.0K -$1.237M -$3.149K
YoY Change 10825.56%
Net Earnings / Revenue -74.67% -143.6%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.432M $200.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $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 2016 Q4 2016 2015 Q4
OPERATING ACTIVITIES
Net Income -$344.0K -$1.237M -$3.149K
YoY Change 10825.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$672.1K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$37.16M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$24.75M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $41.30M
YoY Change
NET CHANGE
Cash From Operating Activities -$672.1K
Cash From Investing Activities -$37.16M
Cash From Financing Activities $41.30M
Net Change In Cash $3.477M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$672.1K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017 dei Entity Registrant Name
EntityRegistrantName
RW Holdings NNN REIT, Inc.
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Type
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10-K
CY2017 dei Document Period End Date
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2017-12-31
CY2017 dei Amendment Flag
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CY2017 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2017 dei Entity Well Known Seasoned Issuer
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CY2017 dei Entity Voluntary Filers
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CY2017 dei Entity Filer Category
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-500000 USD
CY2017 cik0001645873 Acquistion Fees To Affiliates
AcquistionFeesToAffiliates
-3015057 USD
CY2017 cik0001645873 Acquisition Of Real Estate Investments
AcquisitionOfRealEstateInvestments
100458868 USD
CY2017 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
3935884 USD
CY2016 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
231408 USD
CY2017 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2016 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
500000 USD
CY2017 us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
40000 USD
CY2016 us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1430607 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
173213 USD
CY2017 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
326600 USD
CY2016 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
CY2017 us-gaap Other Real Estate Improvements
OtherRealEstateImprovements
685160 USD
CY2016 us-gaap Other Real Estate Improvements
OtherRealEstateImprovements
0 USD
CY2017Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0421 pure
CY2016 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
33260060 USD
CY2016Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
33260060 USD
CY2016 cik0001645873 Acquistion Fees To Affiliates
AcquistionFeesToAffiliates
-505608 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2472571 USD
CY2017 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
169664 USD
CY2016 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
19651 USD
CY2017 cik0001645873 Withholding Tax Distributions
WithholdingTaxDistributions
267 USD
CY2016 cik0001645873 Acquisition Of Real Estate Investments
AcquisitionOfRealEstateInvestments
32754452 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2049847 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
651670 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
83843 USD
CY2017 cik0001645873 Increase In Deferred Commission Payable
IncreaseInDeferredCommissionPayable
2300 USD
CY2016 cik0001645873 Increase In Deferred Commission Payable
IncreaseInDeferredCommissionPayable
0 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7899 USD
CY2016Q4 us-gaap Due From Related Parties
DueFromRelatedParties
108433 USD
CY2016 cik0001645873 Withholding Tax Distributions
WithholdingTaxDistributions
0 USD
CY2017 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
500000 USD
CY2017Q4 us-gaap Due From Related Parties
DueFromRelatedParties
34194 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
21878769 USD
CY2016 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
0 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
274200 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
116931586 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
138810355 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3574739 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
33245041 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
0 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
0 USD
CY2017 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
104880154 USD
CY2016 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
33245041 USD
CY2017 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
83770 USD
CY2016 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
17209 USD
CY2017 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
130689 USD
CY2016 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
58310 USD
CY2017 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
685160 USD
CY2016 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 USD
CY2017 cik0001645873 Payments For Commissions Related To Stock Issuance
PaymentsForCommissionsRelatedToStockIssuance
-700 USD
CY2016 cik0001645873 Payments For Commissions Related To Stock Issuance
PaymentsForCommissionsRelatedToStockIssuance
0 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
62228409 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
21878769 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
116246426 USD
CY2017Q4 cik0001645873 Real Estate And Accumulated Depreciation Initial Cost Of Land Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandBuildingsAndImprovements
138125195 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
685160 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
10621181 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
10872205 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
10825620 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
9728540 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
8809117 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
54293469 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
105150132 USD
CY2017 cik0001645873 Operating Expenses Reimbursement Maximum Limit Reimbursements
OperatingExpensesReimbursementMaximumLimitReimbursements
Under the charter, 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).
CY2017 cik0001645873 Property Management Fees Percentage
PropertyManagementFeesPercentage
0.015 pure
CY2017Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
62228409 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1741106 USD
CY2017 cik0001645873 Subordinated Participation Fee Description
SubordinatedParticipationFeeDescription
40% of the product of (a) the difference of (x) the Preliminary NAV per share minus (y) the Highest Prior NAV per share, multiplied by (b) the number of shares outstanding as of December 31 of the relevant annual period, but only if this results in a positive number, plus  40% of the product of: (a) the amount by which aggregate cash distributions to stockholders during the annual period, excluding return of cpaitla distributions, divided by the weighted average number of shares outstanding for the annual period, exceed the Preferred Return, multiplied by (b) the weighted average number of shares outstanding for the annual period calculated on a monthly basis.
CY2017Q4 us-gaap Notes Payable
NotesPayable
60487303 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
7113701 USD
CY2016Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
7266145 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
152444 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7571163 USD
CY2017 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
143540 USD
CY2016 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
27501 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
13923743 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
12893957 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12936994 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
25928012 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
974540 USD
CY2017 cik0001645873 Percentage Of Share In Property Owned
PercentageOfShareInPropertyOwned
0.727 pure
CY2017 cik0001645873 Loans To Assets Ratio
LoansToAssetsRatio
0.6 pure
CY2017 cik0001645873 Tenant Reimbursement Used For Rent Credit
TenantReimbursementUsedForRentCredit
51459 USD
CY2016 cik0001645873 Tenant Reimbursement Used For Rent Credit
TenantReimbursementUsedForRentCredit
290850 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3677373 USD
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200815 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4182755 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
505382 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3476558 USD
CY2017 cik0001645873 Increase In Share Repurchase Payable
IncreaseInShareRepurchasePayable
369372 USD
CY2016 cik0001645873 Increase In Share Repurchase Payable
IncreaseInShareRepurchasePayable
17467 USD
CY2017 cik0001645873 Increase In Other Offering Costs Due To Affiliates
IncreaseInOtherOfferingCostsDueToAffiliates
0 USD
CY2016 cik0001645873 Increase In Other Offering Costs Due To Affiliates
IncreaseInOtherOfferingCostsDueToAffiliates
79645 USD
CY2017 cik0001645873 Dividend Declared Ordinary Incomeper Share
DividendDeclaredOrdinaryIncomeperShare
0.111
CY2016 cik0001645873 Dividend Declared Ordinary Incomeper Share
DividendDeclaredOrdinaryIncomeperShare
0.000
CY2017 cik0001645873 Dividend Declared Nontaxable Distributionper Share
DividendDeclaredNontaxableDistributionperShare
0.589
CY2016 cik0001645873 Dividend Declared Nontaxable Distributionper Share
DividendDeclaredNontaxableDistributionperShare
0.320
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.700
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.320
CY2017 cik0001645873 Real Estate Acquisition Description
RealEstateAcquisitionDescription
exp US Services
CY2017 cik0001645873 Proceeds From Payments For Advances To Affiliate
ProceedsFromPaymentsForAdvancesToAffiliate
-28571 USD
CY2016 cik0001645873 Proceeds From Payments For Advances To Affiliate
ProceedsFromPaymentsForAdvancesToAffiliate
28571 USD
CY2017Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
137900000 USD
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i>Reclassifications</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0px; FONT: 10pt Times New Roman, Times, Serif"> Certain reclassifications have been made to the 2016 consolidated financial statements to conform with the 2017 consolidated financial statements presentation.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

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