2020 Q3 Form 10-K Financial Statement

#000164587321000080 Filed on March 31, 2021

View on sec.gov

Income Statement

Concept 2020 Q3 2020 2019 Q4
Revenue $9.557M $38.64M
YoY Change 56.01% 57.42%
Cost Of Revenue $1.680M $6.999M
YoY Change 43.49%
Gross Profit $7.880M $31.64M
YoY Change 60.88%
Gross Profit Margin 82.45% 81.89%
Selling, General & Admin $2.520M $10.40M
YoY Change 283.51%
% of Gross Profit 31.98% 32.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.300M $17.59M
YoY Change 78.64%
% of Gross Profit 54.57% 55.6%
Operating Expenses $6.850M $24.08M
YoY Change -5.21% 54.88%
Operating Profit $18.42K -$48.71M
YoY Change -101.83% 932.82%
Interest Expense $2.733M $11.46M
YoY Change 57.15% 55.24%
% of Operating Profit 14834.57%
Other Income/Expense, Net -$1.083M -$427.8K
YoY Change -1396.28% -242.31%
Pretax Income -$1.060M -$49.14M
YoY Change 1012.82%
Income Tax
% Of Pretax Income
Net Earnings -$1.064M -$49.14M
YoY Change 15.59% 1012.82%
Net Earnings / Revenue -11.13% -127.18%
Basic Earnings Per Share -$0.13 -$6.14
Diluted Earnings Per Share -$0.13 -$6.14
COMMON SHARES
Basic Shares Outstanding 8.075M shares 8.006M shares
Diluted Shares Outstanding 8.075M shares 8.006M shares

Balance Sheet

Concept 2020 Q3 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.700M $8.248M
YoY Change 20.88%
Cash & Equivalents $8.745M $8.248M $6.824M
Short-Term Investments
Other Short-Term Assets $2.300M $2.193M
YoY Change 17.44%
Inventory
Prepaid Expenses $2.318M $1.868M
Receivables $7.000M $8.490M
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.00M $18.93M
YoY Change 26.92%
LONG-TERM ASSETS
Property, Plant & Equipment $346.4M $329.5M
YoY Change -18.84%
Goodwill $17.32M $50.59M
YoY Change
Intangibles $5.588M $7.700M
YoY Change
Long-Term Investments $10.10M $10.00M $10.39M
YoY Change -26.42% -3.72% -27.23%
Other Assets $24.20M $25.79M
YoY Change 22654.25%
Total Long-Term Assets $404.5M $388.5M
YoY Change -18.38%
TOTAL ASSETS
Total Short-Term Assets $18.00M $18.93M
Total Long-Term Assets $404.5M $388.5M
Total Assets $422.5M $407.5M $490.9M
YoY Change 66.8% -17.0% 94.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $1.137M
YoY Change 72.24%
Accrued Expenses $6.700M $5.731M
YoY Change -51.49%
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $6.000M
YoY Change -51.81%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.30M $16.56M
YoY Change -38.72%
LONG-TERM LIABILITIES
Long-Term Debt $194.2M $185.5M
YoY Change -4.38%
Other Long-Term Liabilities $19.20M $15.11M
YoY Change -3.22%
Total Long-Term Liabilities $213.4M $200.6M
YoY Change -4.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.30M $16.56M
Total Long-Term Liabilities $213.4M $200.6M
Total Liabilities $228.7M $267.8M $236.7M
YoY Change 83.4% -6.78% 65.12%
SHAREHOLDERS EQUITY
Retained Earnings -$92.86M -$31.17M
YoY Change 244.96% 92.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.9M $139.6M $189.6M
YoY Change
Total Liabilities & Shareholders Equity $422.5M $407.5M $490.9M
YoY Change 66.8% -17.0% 94.48%

Cashflow Statement

Concept 2020 Q3 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$1.064M -$49.14M
YoY Change 15.59% 1012.82%
Depreciation, Depletion And Amortization $4.300M $17.59M
YoY Change 78.64%
Cash From Operating Activities $430.0K $5.578M
YoY Change 17.45%
INVESTING ACTIVITIES
Capital Expenditures -$1.530M -$1.240M
YoY Change -95.32%
Acquisitions
YoY Change
Other Investing Activities $15.36M $26.02M
YoY Change -934.75%
Cash From Investing Activities $16.90M $24.78M
YoY Change -183.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.667M
YoY Change -129.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M -$28.92M
YoY Change -225.53%
NET CHANGE
Cash From Operating Activities 430.0K $5.578M
Cash From Investing Activities 16.90M $24.78M
Cash From Financing Activities -12.40M -$28.92M
Net Change In Cash 4.930M $1.441M
YoY Change -179.2%
FREE CASH FLOW
Cash From Operating Activities $430.0K $5.578M
Capital Expenditures -$1.530M -$1.240M
Free Cash Flow $1.960M $6.817M
YoY Change -78.17%

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AmortizationofAboveMarketLease
97045 USD
CY2020 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1541313 USD
CY2019 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
646745 USD
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10267625 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
34572403 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4139749 USD
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-770898 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-820496 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
296780 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
234048 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
683000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1029786 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-122292 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
946209 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
357458 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1374345 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2703292 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1770491 USD
CY2020 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
-628488 USD
CY2019 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
-962336 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5576840 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4748904 USD
CY2020 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
CY2019 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
24820410 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
566102 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
27008028 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2020 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
673631 USD
CY2019 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
1665180 USD
CY2020 us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
0 USD
CY2019 us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
3486927 USD
CY2020 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
0 USD
CY2019 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
746459 USD
CY2020 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
CY2019 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
1016507 USD
CY2020 none Payments To Acquire Lease Incentives
PaymentsToAcquireLeaseIncentives
990000 USD
CY2019 none Payments To Acquire Lease Incentives
PaymentsToAcquireLeaseIncentives
0 USD
CY2020 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2019 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-100000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
24778295 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29602469 USD
CY2020 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
4260000 USD
CY2019 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
12609000 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
6000000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13869000 USD
CY2020 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
35705500 USD
CY2019 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
23100000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
45299688 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
14879217 USD
CY2020 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
517000 USD
CY2019 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4800000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
387341 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
495148 USD
CY2020 us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
18804 USD
CY2019 us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
0 USD
CY2020 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
CY2019 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
107500 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10908856 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34555691 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1205317 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1716672 USD
CY2020 none Payments For Selling Commissions Related To Stock Issuance
PaymentsForSellingCommissionsRelatedToStockIssuance
736 USD
CY2019 none Payments For Selling Commissions Related To Stock Issuance
PaymentsForSellingCommissionsRelatedToStockIssuance
1302 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17576261 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12145903 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5019216 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4017986 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28914535 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23034567 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1440600 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1818998 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6936930 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8755928 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8377530 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6936930 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
6692697 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
5862393 USD
CY2020 none Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
3723565 USD
CY2019 none Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
7484065 USD
CY2020 none Reinvested Distribution To Investment In Rich Uncles Reiti
ReinvestedDistributionToInvestmentInRichUnclesREITI
6958534 USD
CY2019 none Reinvested Distribution To Investment In Rich Uncles Reiti
ReinvestedDistributionToInvestmentInRichUnclesREITI
6352682 USD
CY2020 none Increase Decreasein Share Repurchase Payable
IncreaseDecreaseinShareRepurchasePayable
2980559 USD
CY2019 none Increase Decreasein Share Repurchase Payable
IncreaseDecreaseinShareRepurchasePayable
-584676 USD
CY2020 none Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
275922 USD
CY2019 none Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
214851 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1570622 USD
CY2020 us-gaap Contribution Of Property
ContributionOfProperty
25217972 USD
CY2019 us-gaap Contribution Of Property
ContributionOfProperty
0 USD
CY2020 none Assets Relatedto Property Sales
AssetsRelatedtoPropertySales
-1079361 USD
CY2019 none Assets Relatedto Property Sales
AssetsRelatedtoPropertySales
0 USD
CY2020 none Above Market Leases Assumed Reduction
AboveMarketLeasesAssumedReduction
-50549 USD
CY2019 none Above Market Leases Assumed Reduction
AboveMarketLeasesAssumedReduction
0 USD
CY2020 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
9088438 USD
CY2019 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
0 USD
CY2020 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
801337 USD
CY2019 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2020 none Below Market Leases Reduction
BelowMarketLeasesReduction
325734 USD
CY2019 none Below Market Leases Reduction
BelowMarketLeasesReduction
0 USD
CY2020 none Derivatives Reduction
DerivativesReduction
14166 USD
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019 none Derivatives Reduction
DerivativesReduction
0 USD
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q4 none Authority To Issue Of Common Stock
AuthorityToIssueOfCommonStock
450000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
36 property
CY2020 none Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
-9 property
CY2020 none Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
5 property
CY2020 none Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
7028808 USD
CY2019 none Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
4857794 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
607787 USD
CY2019Q4 us-gaap Advertising Expense
AdvertisingExpense
0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
129118 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
113362 USD
CY2020Q4 none Tenant Reimbursement
TenantReimbursement
60598 USD
CY2019Q4 none Tenant Reimbursement
TenantReimbursement
98329 USD
CY2020 none Percentage Of Share In Property Owned
PercentageOfShareInPropertyOwned
0.727
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10267625 USD
CY2020 none Numberof Impaired Real Estate Properties
NumberofImpairedRealEstateProperties
6 property
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
33267143 USD
CY2020Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1305260 USD
CY2020 none Dividend Declared Ordinary Incomeper Share
DividendDeclaredOrdinaryIncomeperShare
0
CY2019 none Dividend Declared Ordinary Incomeper Share
DividendDeclaredOrdinaryIncomeperShare
0.3825
CY2020 none Dividend Declared Nontaxable Distributionper Share
DividendDeclaredNontaxableDistributionperShare
1.4600
CY2019 none Dividend Declared Nontaxable Distributionper Share
DividendDeclaredNontaxableDistributionperShare
1.7280
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.4600
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.1105
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2018Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
30.00
CY2020Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1482188 shares
CY2020Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segments
CY2019Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segments
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.01
CY2020Q2 none Decreasein Fairvalueof Real Estate Investment Property Percentage
DecreaseinFairvalueofRealEstateInvestmentPropertyPercentage
0.14
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
33267143 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
17320857 USD
CY2019Q4 us-gaap Goodwill
Goodwill
50588000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1833054 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5127788 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7700000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1833054 USD
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
36 property
CY2020Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
14 state
CY2020Q4 none Land Building And Improvements
LandBuildingAndImprovements
337755793 USD
CY2020Q4 us-gaap Tenant Improvements
TenantImprovements
23792057 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
32091211 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
26761843 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
24418710 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
20157378 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9157068 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
329456639 USD
CY2020Q4 none Numberof Impaired Real Estate Properties Vacant
NumberofImpairedRealEstatePropertiesVacant
2 property
CY2020Q4 none Numberof Impaired Real Estate Properties Vacant
NumberofImpairedRealEstatePropertiesVacant
2 property
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
CY2020Q4 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
761100 USD
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10267625 USD
CY2020Q4 none Impairmentof Real Estate Percentage
ImpairmentofRealEstatePercentage
0.025
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10267625 USD
CY2020Q4 none Numberof Assets Acquired
NumberofAssetsAcquired
0 property
CY2019 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
176660507 USD
CY2019 none Purchase Deposits Applied To Acquisition Of Real Estates
PurchaseDepositsAppliedToAcquisitionOfRealEstates
2000000 USD
CY2019 none Advisory Fees Acquisition Fees To Affiliates
AdvisoryFeesAcquisitionFeesToAffiliates
741000 USD
CY2019 none Acquisition Of Real Estate Investments
AcquisitionOfRealEstateInvestments
173919507 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
CY2019Q4 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCosts
5459 USD
CY2020Q4 none Number Of Rentable Square Feet
NumberOfRentableSquareFeet
118651 sqft
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
31096403 USD
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4139749 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
151296862 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
19674819 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
16456145 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
43827967 USD
CY2020 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y4M24D
CY2020Q2 none Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
4 property
CY2020Q2 none Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
4 property
CY2020Q2 none Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
4 property
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10002368 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10388588 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
296780 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
234048 USD
CY2020Q4 none Straight Line Rents
StraightLineRents
4344388 USD
CY2019Q4 none Straight Line Rents
StraightLineRents
3541238 USD
CY2020Q4 none Tenant Rent
TenantRent
204775 USD
CY2019Q4 none Tenant Rent
TenantRent
420959 USD
CY2020Q4 none Tenant Recoveries
TenantRecoveries
1979963 USD
CY2019Q4 none Deferred Tenant Reimbursement
DeferredTenantReimbursement
505157 USD
CY2019Q4 none Tenant Recoveries
TenantRecoveries
1854883 USD
CY2020Q4 none Tenant Recoveries Other
TenantRecoveriesOther
136664 USD
CY2019Q4 none Tenant Recoveries Other
TenantRecoveriesOther
407684 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
6665790 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
6224764 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1136954 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
660111 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3068714 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
5773214 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
706106 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
962615 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
629628 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1690168 USD
CY2020Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
2033065 USD
CY2019Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1963896 USD
CY2020Q4 none Deferred Tenant Reimbursement
DeferredTenantReimbursement
5157 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
21724 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7579624 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
11555161 USD
CY2019Q4 none Accrued Merger Expenses
AccruedMergerExpenses
1570622 USD
CY2020 none Loans To Assets Ratio
LoansToAssetsRatio
0.60
CY2020 none Loans To Assets Ratio
LoansToAssetsRatio
0.60
CY2020 none Loans To Assets Ratio
LoansToAssetsRatio
0.60
CY2020Q4 none Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
4 property
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
6000000 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
7740000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1491715 USD
CY2019Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
90139 USD
CY2020Q4 us-gaap Unsecured Debt
UnsecuredDebt
5978276 USD
CY2019Q4 us-gaap Unsecured Debt
UnsecuredDebt
7649861 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
6000000 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
7740000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
23091541 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20873759 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25642649 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
24599437 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
30781473 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
57959579 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
182948438 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-447471 USD
CY2020Q4 us-gaap Derivative Liability Number Of Instruments Held
DerivativeLiabilityNumberOfInstrumentsHeld
1 instrument
CY2020 none Derivative Number Of Instruments Terminated
DerivativeNumberOfInstrumentsTerminated
3 instrument
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
181904194 USD
CY2020Q1 none Debt Instrument Covenant Leverage Ratio Maximum
DebtInstrumentCovenantLeverageRatioMaximum
0.50
CY2020Q1 none Debt Instrument Covenant Leverage Ratio Maximum
DebtInstrumentCovenantLeverageRatioMaximum
0.55
CY2020 us-gaap Interest Expense
InterestExpense
11460747 USD
CY2019 us-gaap Interest Expense
InterestExpense
7382610 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-770898 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-820496 USD
CY2020Q4 none Liabilities Accrued Interest Payable Receivable
LiabilitiesAccruedInterestPayableReceivable
45636 USD
CY2019Q4 none Liabilities Accrued Interest Payable Receivable
LiabilitiesAccruedInterestPayableReceivable
22282 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-770898 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-820496 USD
CY2020 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2019Q4 us-gaap Due From Related Parties
DueFromRelatedParties
2332 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
630820 USD
CY2020 none Property Management Fees Percentage
PropertyManagementFeesPercentage
0.015
CY2020Q4 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-1350000 USD
CY2020 none Leasing Commissions And Fees Percentage
LeasingCommissionsAndFeesPercentage
0.06
none Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets
0.02
none Related Party Transaction Expense Reimbursement Percentage To Net Income
RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome
0.25
CY2019 none Hosting Arrangement Service Contract Duration Of Agreement
HostingArrangementServiceContractDurationOfAgreement
P3Y
CY2019 none Number Of Real Estate Properties Company Provided Property Management Services For
NumberOfRealEstatePropertiesCompanyProvidedPropertyManagementServicesFor
10 property
CY2020 none Leasing Commissions And Fees Percentage
LeasingCommissionsAndFeesPercentage
0.06
CY2020 none Leasing Commission Fee Renewal Rate
LeasingCommissionFeeRenewalRate
0.03
none Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets
0.02
none Related Party Transaction Expense Reimbursement Percentage To Net Income
RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome
0.25
none Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets
0.02
none Related Party Transaction Expense Reimbursement Percentage To Net Income
RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome
0.25
none Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets
0.02
none Related Party Transaction Expense Reimbursement Percentage To Net Income
RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome
0.25
none Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets
0.02
none Related Party Transaction Expense Reimbursement Percentage To Net Income
RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome
0.25
CY2019 none Hosting Arrangement Service Contract Renewal Period
HostingArrangementServiceContractRenewalPeriod
P1Y
CY2019 none Hosting Arrangement Service Contract Termination Notice Period
HostingArrangementServiceContractTerminationNoticePeriod
P90D
CY2020Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P4Y6M
CY2020Q4 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-135544 USD
CY2020Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1214456 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2087713 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
242216 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2019577 USD
CY2020 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-1039648 USD
CY2020Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0575
CY2020Q4 none Share Repurchases Payable
ShareRepurchasesPayable
2980559 USD
CY2019Q4 none Share Repurchases Payable
ShareRepurchasesPayable
0 USD
CY2020Q4 us-gaap Dividends
Dividends
705596 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
176948438 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
65681176 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
289524113 USD
CY2020Q4 none Real Estate And Accumulated Depreciation Initial Cost Of Land Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandBuildingsAndImprovements
355205289 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
6665416 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
65358321 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
296189529 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
361547850 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
32091211 USD
CY2020Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
329456639 USD
CY2020Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
328029000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
423947488 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
235212009 USD
CY2020 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2019 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
185446483 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
673631 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
3288996 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
26575397 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2020 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
26230247 USD
CY2019 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
423947488 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
20411794 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
10267625 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
361547850 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
10563664 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
15759199 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
9848130 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2435274 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
1644508 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
32091211 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
20411794 USD

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