2022 Q4 Form 10-Q Financial Statement

#000164587322000296 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $15.92M $10.21M
YoY Change 106.71% -0.92%
Cost Of Revenue $2.105M $2.064M
YoY Change 33.19% 24.45%
Gross Profit $13.81M $8.149M
YoY Change 125.7% -5.79%
Gross Profit Margin 86.78% 79.79%
Selling, General & Admin $2.912M $2.388M
YoY Change 3.42% -35.02%
% of Gross Profit 21.08% 29.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.348M $3.599M
YoY Change 26.04% -5.66%
% of Gross Profit 31.47% 44.16%
Operating Expenses $7.275M $6.041M
YoY Change 139.7% 86.09%
Operating Profit $6.539M $4.319M
YoY Change 111.92% 20.91%
Interest Expense -$2.756M $2.515M
YoY Change 56.49% 37.31%
% of Operating Profit -42.14% 58.23%
Other Income/Expense, Net -$104.2K $132.0K
YoY Change -139.46% 72.18%
Pretax Income $720.7K $4.451M
YoY Change -133.08% 21.99%
Income Tax
% Of Pretax Income
Net Earnings -$158.6K $3.922M
YoY Change -92.72% 7.5%
Net Earnings / Revenue -1.0% 38.41%
Basic Earnings Per Share $0.40
Diluted Earnings Per Share -$0.02 $0.35
COMMON SHARES
Basic Shares Outstanding 7.486M shares 7.457M shares
Diluted Shares Outstanding 10.18M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.609M $5.727M
YoY Change -84.62% -89.05%
Cash & Equivalents $8.609M $5.727M
Short-Term Investments
Other Short-Term Assets $6.101M $6.387M
YoY Change -4.36% 33.65%
Inventory
Prepaid Expenses $6.101M $6.387M
Receivables $8.859M $8.434M
Other Receivables $0.00 $0.00
Total Short-Term Assets $23.57M $20.55M
YoY Change -66.42% -69.05%
LONG-TERM ASSETS
Property, Plant & Equipment $410.7M $425.4M
YoY Change 38.93% 29.02%
Goodwill $0.00 $0.00
YoY Change -100.0% -100.0%
Intangibles
YoY Change
Long-Term Investments $10.01M $9.989M
YoY Change 0.66% 0.11%
Other Assets $5.268M $0.00
YoY Change -84.83% -100.0%
Total Long-Term Assets $432.5M $442.1M
YoY Change 20.69% 21.44%
TOTAL ASSETS
Total Short-Term Assets $23.57M $20.55M
Total Long-Term Assets $432.5M $442.1M
Total Assets $456.0M $462.6M
YoY Change 6.43% 7.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.001M $797.0K
YoY Change -43.35% -34.39%
Accrued Expenses $5.915M $6.488M
YoY Change -3.79% 12.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.246M $9.658M
YoY Change -53.46% -14.24%
LONG-TERM LIABILITIES
Long-Term Debt $195.5M $200.2M
YoY Change 12.38% 10.67%
Other Long-Term Liabilities $10.29M $9.910M
YoY Change -16.15% -20.97%
Total Long-Term Liabilities $205.7M $210.1M
YoY Change 10.5% 8.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.246M $9.658M
Total Long-Term Liabilities $205.7M $210.1M
Total Liabilities $215.0M $219.8M
YoY Change 4.33% 7.36%
SHAREHOLDERS EQUITY
Retained Earnings -$117.9M -$115.6M
YoY Change 16.05% 20.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $159.8M $161.1M
YoY Change
Total Liabilities & Shareholders Equity $456.0M $462.6M
YoY Change 6.43% 7.48%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$158.6K $3.922M
YoY Change -92.72% 7.5%
Depreciation, Depletion And Amortization $4.348M $3.599M
YoY Change 26.04% -5.66%
Cash From Operating Activities $7.322M $4.250M
YoY Change 114.35% 31.62%
INVESTING ACTIVITIES
Capital Expenditures $498.2K $29.76M
YoY Change -104.04% -853.5%
Acquisitions
YoY Change
Other Investing Activities $4.405M $23.21M
YoY Change -68.27% 141.34%
Cash From Investing Activities $3.906M -$6.549M
YoY Change 154.12% -215.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.347M -3.680M
YoY Change 564.23% -110.38%
NET CHANGE
Cash From Operating Activities 7.322M 4.250M
Cash From Investing Activities 3.906M -6.549M
Cash From Financing Activities -8.347M -3.680M
Net Change In Cash 2.882M -5.979M
YoY Change -22.04% -113.48%
FREE CASH FLOW
Cash From Operating Activities $7.322M $4.250M
Capital Expenditures $498.2K $29.76M
Free Cash Flow $6.824M -$25.51M
YoY Change -56.7% -455.36%

Facts In Submission

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cik0001645873 Amortization And Write Off Of Debt Issuance Costs And Discounts
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us-gaap Amortization Of Below Market Lease
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cik0001645873 Impairment Reversal Of Real Estate Properties
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us-gaap Goodwill Impairment Loss
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cik0001645873 Write Off Of Purchase Deposit
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cik0001645873 Transfer Of Tenant Improvements From Other Assets To Real Estate Investments
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cik0001645873 Transfer Of Tenant Improvements From Other Assets To Real Estate Investments
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CY2022Q3 cik0001645873 Authority To Issue Of Common Stock
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CY2022Q3 cik0001645873 Number Of Rentable Square Feet
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CY2022Q3 us-gaap Number Of Real Estate Properties
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CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2021 cik0001645873 Restricted Cash Released During Period
RestrictedCashReleasedDuringPeriod
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited condensed consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. These estimates are based on historical experience and, in some cases, assumptions based on current and future market experience. Actual results may differ from those estimates.</span></div>
CY2022Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
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CY2022Q3 cik0001645873 Revenue Recognition From Tenant Reimbursement
RevenueRecognitionFromTenantReimbursement
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CY2021Q3 cik0001645873 Revenue Recognition From Tenant Reimbursement
RevenueRecognitionFromTenantReimbursement
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cik0001645873 Revenue Recognition From Tenant Reimbursement
RevenueRecognitionFromTenantReimbursement
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cik0001645873 Revenue Recognition From Tenant Reimbursement
RevenueRecognitionFromTenantReimbursement
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2022Q3 us-gaap Tenant Improvements
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balance sheet, statement of operations and statement of cash flows accounts have been reclassified to conform with the current year presentation. The reclassifications did not affect net loss in the prior year unaudited condensed consolidated statement of operations.</span></div>
CY2022Q1 cik0001645873 Number Of Loans Repaid
NumberOfLoansRepaid
4 loan
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
47 property
CY2022Q3 us-gaap Number Of States In Which Entity Operates
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17 state
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444900022 usd
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CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
425377230 usd
CY2022Q3 cik0001645873 Inventory Buildings And Improvements Non Refundable Deposit
InventoryBuildingsAndImprovementsNonRefundableDeposit
820614 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2021Q4 us-gaap Nontrade Receivables
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P3Y8M12D
CY2022Q3 cik0001645873 Lessor Operating Lease Renewal Term Increase In Rents Percent
LessorOperatingLeaseRenewalTermIncreaseInRentsPercent
0.019
cik0001645873 Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
7 property
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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8345845 usd
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LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
33033061 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
31723561 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
30350230 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
24823591 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
23134874 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
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CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
463858039 usd
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P10Y7M6D
CY2022Q3 cik0001645873 Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2022Q3 cik0001645873 Straight Line Rents
StraightLineRents
5990676 usd
CY2021Q4 us-gaap Goodwill
Goodwill
17320857 usd
CY2020Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
17320857 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Goodwill
Goodwill
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
17320857 usd
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021Q4 cik0001645873 Straight Line Rents
StraightLineRents
4417065 usd
CY2022Q3 cik0001645873 Tenant Rent And Billed Reimbursements
TenantRentAndBilledReimbursements
269309 usd
CY2021Q4 cik0001645873 Tenant Rent And Billed Reimbursements
TenantRentAndBilledReimbursements
81079 usd
CY2022Q3 cik0001645873 Tenant Recoveries
TenantRecoveries
2173910 usd
CY2021Q4 cik0001645873 Tenant Recoveries
TenantRecoveries
1498775 usd
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
8433895 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5996919 usd
CY2022Q3 cik0001645873 Deferred Tenant Allowance
DeferredTenantAllowance
2653557 usd
CY2021Q4 cik0001645873 Deferred Tenant Allowance
DeferredTenantAllowance
2400811 usd
CY2022Q3 us-gaap Other Receivables
OtherReceivables
150441 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
681369 usd
CY2022Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1487251 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
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CY2022Q3 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
1338528 usd
CY2021Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
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CY2022Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
757468 usd
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
100080 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets
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6387245 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5856255 usd
CY2022Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
797012 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1767657 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
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CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3864222 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1763509 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
727721 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
548564 usd
CY2022Q3 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1989436 usd
CY2021Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1735440 usd
CY2022Q3 cik0001645873 Deferred Tenant Reimbursement
DeferredTenantReimbursement
609788 usd
CY2021Q4 cik0001645873 Deferred Tenant Reimbursement
DeferredTenantReimbursement
2133695 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
9658378 usd
CY2022Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
757468 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
11844881 usd
CY2022Q3 cik0001645873 Carrying Value Of Mortgage Loan
CarryingValueOfMortgageLoan
44530130 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
39876470 usd
CY2021Q4 cik0001645873 Carrying Value Of Mortgage Loan
CarryingValueOfMortgageLoan
152223579 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
159241815 usd
CY2021Q4 cik0001645873 Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
4 property
CY2022Q3 cik0001645873 Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2022Q3 cik0001645873 Debt Instrument Covenant Leverage Ratio Target
DebtInstrumentCovenantLeverageRatioTarget
0.40
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8022000 usd
CY2021Q4 cik0001645873 Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
4 property
CY2021Q4 cik0001645873 Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
4 property
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
98000000 usd
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
110697 usd
CY2022Q3 us-gaap Interest Expense Other
InterestExpenseOther
55102 usd
CY2021Q3 us-gaap Interest Expense Other
InterestExpenseOther
504 usd
us-gaap Interest Expense Other
InterestExpenseOther
212179 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
81938 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
317575 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12991023 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
6775000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
150000000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
31200000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
201365536 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-145527 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1292583 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
200218480 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Interest Expense Other
InterestExpenseOther
49622 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
2514838 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
1831545 usd
us-gaap Interest Expense
InterestExpense
5280167 usd
us-gaap Interest Expense
InterestExpense
5711330 usd
CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
166338 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
684057 usd
CY2021Q4 cik0001645873 Liabilities Accrued Interest Payable Receivable
LiabilitiesAccruedInterestPayableReceivable
-54980 usd
CY2022Q3 cik0001645873 Debt Instrument Covenant Leverage Ratio Target
DebtInstrumentCovenantLeverageRatioTarget
0.40
us-gaap Management Fee Expense
ManagementFeeExpense
197978 usd
us-gaap Management Fee Expense
ManagementFeeExpense
197979 usd
us-gaap Profit Loss
ProfitLoss
1742964 usd
CY2022Q3 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
4255906 usd
CY2022Q2 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
-589997 usd
CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
166338 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
684057 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
788016 usd
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2022Q3 us-gaap Management Fee Expense
ManagementFeeExpense
65992 usd
CY2021Q3 us-gaap Management Fee Expense
ManagementFeeExpense
65993 usd
CY2022Q3 cik0001645873 Tenant Reimbursement
TenantReimbursement
609788 usd
CY2021Q4 cik0001645873 Tenant Reimbursement
TenantReimbursement
189136 usd
CY2022Q3 cik0001645873 Anniversary Of Completion Of The Self Management Transaction
AnniversaryOfCompletionOfTheSelfManagementTransaction
P4Y
CY2019Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
30.48
CY2022Q3 us-gaap Profit Loss
ProfitLoss
4450767 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
3648455 usd
us-gaap Profit Loss
ProfitLoss
-5232053 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
528540 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1180275 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
921875 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
143403 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2765625 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
143403 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3000352 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3505052 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6817403 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1599561 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
4450767 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
3648455 usd
us-gaap Profit Loss
ProfitLoss
-5232053 usd
us-gaap Profit Loss
ProfitLoss
1742964 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
921875 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
143403 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2765625 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
143403 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3528892 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3505052 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7997678 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1599561 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7449968 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7531559 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7486945 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7575013 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10180543 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8750875 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7486945 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8763112 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2730416 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 cik0001645873 Dividends Payable Amount Per Share Per Day
DividendsPayableAmountPerSharePerDay
0.09583
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.15
CY2022Q3 cik0001645873 Dividends Payable Amount Per Share Per Month
DividendsPayableAmountPerSharePerMonth
0.09583

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