2024 Q2 Form 10-Q Financial Statement
#000164587324000079 Filed on May 03, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $11.41M | $11.97M |
YoY Change | -3.61% | 16.05% |
Cost Of Revenue | $694.0K | $984.0K |
YoY Change | -54.57% | -42.35% |
Gross Profit | $10.72M | $10.98M |
YoY Change | 3.95% | 27.64% |
Gross Profit Margin | 93.92% | 91.78% |
Selling, General & Admin | $1.486M | $3.378M |
YoY Change | -34.17% | 31.53% |
% of Gross Profit | 13.87% | 30.76% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.137M | $4.133M |
YoY Change | 4.55% | 26.33% |
% of Gross Profit | 38.6% | 37.64% |
Operating Expenses | $5.623M | $7.511M |
YoY Change | -9.52% | 22.56% |
Operating Profit | $5.093M | $6.659M |
YoY Change | 24.38% | -240.07% |
Interest Expense | -$3.724M | $2.307M |
YoY Change | 1969.42% | -42.59% |
% of Operating Profit | -73.12% | 34.65% |
Other Income/Expense, Net | -$3.831M | -$2.022M |
YoY Change | -815.32% | -1253.55% |
Pretax Income | $1.262M | $4.637M |
YoY Change | -72.75% | -201.28% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $1.325M | $3.724M |
YoY Change | -66.71% | -198.98% |
Net Earnings / Revenue | 11.61% | 31.12% |
Basic Earnings Per Share | $0.04 | $0.33 |
Diluted Earnings Per Share | $0.03 | $0.33 |
COMMON SHARES | ||
Basic Shares Outstanding | 9.453M shares | 9.173M shares |
Diluted Shares Outstanding | 11.42M shares | 11.36M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $18.87M | $18.40M |
YoY Change | 90.37% | 38.59% |
Cash & Equivalents | $18.87M | $18.40M |
Short-Term Investments | ||
Other Short-Term Assets | $5.229M | $5.121M |
YoY Change | -3.71% | -13.27% |
Inventory | ||
Prepaid Expenses | $5.229M | $5.121M |
Receivables | $16.06M | $14.56M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $40.16M | $38.08M |
YoY Change | 61.87% | 36.8% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $465.7M | $469.7M |
YoY Change | 1.66% | 12.8% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $9.657M | $9.823M |
YoY Change | -3.54% | -1.74% |
Other Assets | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Total Long-Term Assets | $479.4M | $484.4M |
YoY Change | -8.62% | 10.84% |
TOTAL ASSETS | ||
Total Short-Term Assets | $40.16M | $38.08M |
Total Long-Term Assets | $479.4M | $484.4M |
Total Assets | $519.5M | $522.5M |
YoY Change | -5.44% | 12.4% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $237.1K | $1.048M |
YoY Change | -49.58% | 86.46% |
Accrued Expenses | $3.329M | $2.641M |
YoY Change | -20.69% | -40.68% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $5.747M | $5.867M |
YoY Change | -18.08% | -20.06% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $279.7M | $279.6M |
YoY Change | -4.38% | 31.6% |
Other Long-Term Liabilities | $8.408M | $8.639M |
YoY Change | -14.15% | -22.2% |
Total Long-Term Liabilities | $288.1M | $288.3M |
YoY Change | -4.7% | 28.93% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.747M | $5.867M |
Total Long-Term Liabilities | $288.1M | $288.3M |
Total Liabilities | $293.8M | $294.1M |
YoY Change | -5.0% | 27.37% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$147.7M | -$145.3M |
YoY Change | 19.18% | 16.47% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $187.0M | $188.0M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $519.5M | $522.5M |
YoY Change | -5.44% | 12.4% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.325M | $3.724M |
YoY Change | -66.71% | -198.98% |
Depreciation, Depletion And Amortization | $4.137M | $4.133M |
YoY Change | 4.55% | 26.33% |
Cash From Operating Activities | $4.710M | $2.987M |
YoY Change | 4.57% | 7.26% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $113.0K | $101.1K |
YoY Change | -99.86% | -99.17% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$347.9K | $14.78M |
YoY Change | -80.67% | 14479.97% |
Cash From Investing Activities | -$460.9K | $14.68M |
YoY Change | -99.45% | -221.13% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -3.785M | -$2.393M |
YoY Change | -104.99% | -117.08% |
NET CHANGE | ||
Cash From Operating Activities | 4.710M | $2.987M |
Cash From Investing Activities | -460.9K | $14.68M |
Cash From Financing Activities | -3.785M | -$2.393M |
Net Change In Cash | 464.7K | $15.28M |
YoY Change | -113.8% | 227.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.710M | $2.987M |
Capital Expenditures | $113.0K | $101.1K |
Free Cash Flow | $4.597M | $2.886M |
YoY Change | -105.94% | -130.58% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
11046566 | usd |
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Gains Losses On Sales Of Investment Real Estate
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|
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Profit Loss
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Additional Paid In Capital
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Treasury Stock Common Shares
TreasuryStockCommonShares
|
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CY2024Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Stockholders Equity
StockholdersEquity
|
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Minority Interest
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
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Operating Lease Lease Income
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General And Administrative Expense
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Allocated Share Based Compensation Expense
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Allocated Share Based Compensation Expense
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Depreciation And Amortization
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Temporary Equity Liquidation Preference
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|
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Temporary Equity Liquidation Preference
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|
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Property Management Fee Revenue
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Property Management Fee Revenue
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Revenues
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Revenues
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General And Administrative Expense
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Depreciation And Amortization
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Cost Of Property Repairs And Maintenance
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|
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Cost Of Property Repairs And Maintenance
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|
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Impairment Reversal Of Real Estate
ImpairmentReversalOfRealEstate
|
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Impairment Reversal Of Real Estate
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Costs And Expenses
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Gains Losses On Sales Of Investment Real Estate
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Operating Income Loss
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Operating Income Loss
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Investment Income Interest
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Investment Income Interest
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|
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Investment Income Dividend
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Investment Income Dividend
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Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
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Income Loss From Equity Method Investments
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Interest Expense
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Interest Expense
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Equity Securities Fv Ni Unrealized Gain Loss
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|
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Equity Securities Fv Ni Unrealized Gain Loss
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Nonoperating Income Expense
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Nonoperating Income Expense
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Profit Loss
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Profit Loss
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Net Income Loss Attributable To Noncontrolling Interest
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Net Income Loss Attributable To Noncontrolling Interest
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Net Income Loss
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Net Income Loss
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Preferred Stock Dividends Income Statement Impact
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Preferred Stock Dividends Income Statement Impact
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Net Income Loss Available To Common Stockholders Basic
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|
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Net Income Loss Available To Common Stockholders Basic
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Earnings Per Share Basic
EarningsPerShareBasic
|
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CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.62 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
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|
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CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Weighted Average Number Of Diluted Shares Outstanding
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|
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CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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Common Stock Dividends Per Share Declared
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|
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CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
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|
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Profit Loss
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|
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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|
-253093 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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|
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Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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|
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Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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|
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Net Income Loss Attributable To Noncontrolling Interest
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|
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Net Income Loss Attributable To Noncontrolling Interest
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|
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
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|
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
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|
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Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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|
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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|
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Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
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CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
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Stock Issued During Period Value Conversion Of Convertible Securities
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|
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
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CY2024Q1 | us-gaap |
Dividends Preferred Stock
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|
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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|
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CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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Stock Issued During Period Value Dividend Reinvestment Plan
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|
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
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Stock Redeemed Or Called During Period Value
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|
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Dividends Preferred Stock
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|
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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|
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Profit Loss
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|
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Other Comprehensive Income Loss Net Of Tax
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|
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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|
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Profit Loss
ProfitLoss
|
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Profit Loss
ProfitLoss
|
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Depreciation And Amortization
DepreciationAndAmortization
|
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CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
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Share Based Compensation
ShareBasedCompensation
|
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Share Based Compensation
ShareBasedCompensation
|
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Straight Line Rent
StraightLineRent
|
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Straight Line Rent
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|
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Operating Lease Right Of Use Asset Periodic Reduction Reversal
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|
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Operating Lease Right Of Use Asset Amortization Expense
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|
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CY2024Q1 | cik0001645873 |
Amortization And Write Off Of Debt Issuance Costs And Discounts
AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts
|
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Amortization And Write Off Of Debt Issuance Costs And Discounts
AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts
|
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CY2024Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
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CY2023Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
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CY2024Q1 | cik0001645873 |
Impairment Reversal Of Real Estate Properties
ImpairmentReversalOfRealEstateProperties
|
0 | usd |
CY2023Q1 | cik0001645873 |
Impairment Reversal Of Real Estate Properties
ImpairmentReversalOfRealEstateProperties
|
3499438 | usd |
CY2024Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-20574 | usd |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
0 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
3187806 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | usd |
CY2024Q1 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
1289362 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-1722184 | usd |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
73854 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
55567 | usd |
CY2024Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
304667 | usd |
CY2023Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
65696 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
71794 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
220251 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
357284 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
122884 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-841796 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-369195 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2986984 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2784870 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
11913361 | usd |
CY2024Q1 | cik0001645873 |
Payments To Acquire Additional Real Estate Investments
PaymentsToAcquireAdditionalRealEstateInvestments
|
101143 | usd |
CY2023Q1 | cik0001645873 |
Payments To Acquire Additional Real Estate Investments
PaymentsToAcquireAdditionalRealEstateInvestments
|
308547 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
14782626 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
0 | usd |
CY2024Q1 | cik0001645873 |
Payments For Proceeds From Purchase Deposit
PaymentsForProceedsFromPurchaseDeposit
|
0 | usd |
CY2023Q1 | cik0001645873 |
Payments For Proceeds From Purchase Deposit
PaymentsForProceedsFromPurchaseDeposit
|
-112200 | usd |
CY2024Q1 | cik0001645873 |
Payments Refunds To Acquire Lease Incentives
PaymentsRefundsToAcquireLeaseIncentives
|
0 | usd |
CY2023Q1 | cik0001645873 |
Payments Refunds To Acquire Lease Incentives
PaymentsRefundsToAcquireLeaseIncentives
|
10815 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
14681483 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12120523 | usd |
CY2024Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
20000000 | usd |
CY2024Q1 | cik0001645873 |
Proceeds From Repayments Of Secured Lines Of Credit
ProceedsFromRepaymentsOfSecuredLinesOfCredit
|
0 | usd |
CY2023Q1 | cik0001645873 |
Proceeds From Repayments Of Secured Lines Of Credit
ProceedsFromRepaymentsOfSecuredLinesOfCredit
|
-3000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
46663 | usd |
CY2023Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
78027 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
933363 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
49682 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
921875 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
921875 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2392891 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14007109 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
15275576 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4671456 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3129414 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8608649 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18404990 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13280105 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
3315546 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1946005 | usd |
CY2024Q1 | us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
10361454 | usd |
CY2023Q1 | us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
0 | usd |
CY2024Q1 | cik0001645873 |
Stock Issued During Period Value Conversion Of Shares Held For Investment
StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment
|
-11038658 | usd |
CY2023Q1 | cik0001645873 |
Stock Issued During Period Value Conversion Of Shares Held For Investment
StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment
|
0 | usd |
CY2024Q1 | cik0001645873 |
Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
|
545961 | usd |
CY2023Q1 | cik0001645873 |
Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
|
595585 | usd |
CY2024Q1 | cik0001645873 |
Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
|
201186 | usd |
CY2023Q1 | cik0001645873 |
Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
|
5363 | usd |
CY2024Q1 | cik0001645873 |
Increase Decrease In Real Estate Investments Held For Sale
IncreaseDecreaseInRealEstateInvestmentsHeldForSale
|
-11557689 | usd |
CY2023Q1 | cik0001645873 |
Increase Decrease In Real Estate Investments Held For Sale
IncreaseDecreaseInRealEstateInvestmentsHeldForSale
|
0 | usd |
CY2024Q1 | cik0001645873 |
Assets Related To Property Sales
AssetsRelatedToPropertySales
|
-103337 | usd |
CY2023Q1 | cik0001645873 |
Assets Related To Property Sales
AssetsRelatedToPropertySales
|
3174 | usd |
CY2024Q1 | cik0001645873 |
Other Liabilities Related To Real Estate Investments Held For Sale
OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale
|
248727 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
37472337 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
34329475 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
33992306 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
34220325 | usd |
CY2024Q1 | cik0001645873 |
Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
|
514095972 | usd |
CY2023Q1 | cik0001645873 |
Other Liabilities Related To Real Estate Investments Held For Sale
OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale
|
65963 | usd |
CY2024Q1 | cik0001645873 |
Authority To Issue Of Common Stock
AuthorityToIssueOfCommonStock
|
450000000 | shares |
CY2024Q1 | cik0001645873 |
Number Of Rentable Square Feet
NumberOfRentableSquareFeet
|
4500000 | sqft |
CY2024Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
42 | property |
CY2024Q1 | 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 statement of operations accounts have been reclassified to conform with the current year presentation. The reclassifications did not affect net income (loss) in the prior year consolidated statement of operations. Interest expense, including unrealized gain or loss on interest rate swaps and net of derivative settlements, was presented in the prior year as a component of operating expenses and was reclassified as other income (expense). Management fee income was reclassified from other income (expense) to total income in the accompanying unaudited condensed consolidated statement of operations.</span></div> | |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3975892 | usd |
CY2024Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
42 | property |
CY2024Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
15 | state |
CY2024Q1 | cik0001645873 |
Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
|
0 | lease |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
28535502 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
682645917 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P10Y3M18D | |
CY2023Q4 | cik0001645873 |
Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
|
2 | property |
CY2024Q1 | us-gaap |
Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
|
11038658 | usd |
CY2023Q3 | cik0001645873 |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
13 | property |
CY2023Q3 | cik0001645873 |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
13 | property |
CY2023Q3 | cik0001645873 |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
13 | property |
CY2024Q1 | us-gaap |
Common Stock Dividends Shares
CommonStockDividendsShares
|
2623153 | shares |
CY2024Q1 | cik0001645873 |
Straight Line Rents
StraightLineRents
|
14161661 | usd |
CY2023Q4 | cik0001645873 |
Straight Line Rents
StraightLineRents
|
12474137 | usd |
CY2024Q1 | cik0001645873 |
Tenant Rent And Billed Reimbursements
TenantRentAndBilledReimbursements
|
276981 | usd |
CY2023Q4 | cik0001645873 |
Tenant Rent And Billed Reimbursements
TenantRentAndBilledReimbursements
|
107635 | usd |
CY2024Q1 | cik0001645873 |
Tenant Recoveries
TenantRecoveries
|
119305 | usd |
CY2023Q4 | cik0001645873 |
Tenant Recoveries
TenantRecoveries
|
212796 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
14557947 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
12794568 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
2300986 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
1897285 | usd |
CY2024Q1 | cik0001645873 |
Construction Advances
ConstructionAdvances
|
1352355 | usd |
CY2023Q4 | cik0001645873 |
Construction Advances
ConstructionAdvances
|
1352355 | usd |
CY2024Q1 | cik0001645873 |
Investment In Gipr Common Stock
InvestmentInGIPRCommonStock
|
656631 | usd |
CY2023Q4 | cik0001645873 |
Investment In Gipr Common Stock
InvestmentInGIPRCommonStock
|
0 | usd |
CY2024Q1 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
656989 | usd |
CY2023Q4 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
748662 | usd |
CY2024Q1 | cik0001645873 |
Deferred Tenant Allowance
DeferredTenantAllowance
|
154082 | usd |
CY2023Q4 | cik0001645873 |
Deferred Tenant Allowance
DeferredTenantAllowance
|
174919 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
5121043 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4173221 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
578894 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
562647 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
855425 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
1202115 | usd |
CY2024Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
357547 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
358777 | usd |
CY2024Q1 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
1428474 | usd |
CY2023Q4 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
2076300 | usd |
CY2024Q1 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
469409 | usd |
CY2023Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
82981 | usd |
CY2024Q1 | cik0001645873 |
Deferred Tenant Reimbursement
DeferredTenantReimbursement
|
162065 | usd |
CY2023Q4 | cik0001645873 |
Deferred Tenant Reimbursement
DeferredTenantReimbursement
|
186688 | usd |
CY2024Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
3851814 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
4469508 | usd |
CY2024Q1 | us-gaap |
Secured Debt
SecuredDebt
|
30990813 | usd |
CY2023Q4 | us-gaap |
Secured Debt
SecuredDebt
|
31030241 | usd |
CY2024Q1 | us-gaap |
Medium Term Notes
MediumTermNotes
|
248631103 | usd |
CY2023Q4 | us-gaap |
Medium Term Notes
MediumTermNotes
|
248508515 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
279621916 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
279538756 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
222967 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
543886 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
568370 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
250593972 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
618278 | usd |
CY2024Q1 | cik0001645873 |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
28605864 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
281153337 | usd |
CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1531421 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
279621916 | usd |
CY2024Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
96521 | usd |
CY2023Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
102088 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
2307149 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
4018792 | usd |
CY2024Q1 | cik0001645873 |
Debt Instrument Covenant Leverage Ratio Fixed Pay Rate Increase Percentage
DebtInstrumentCovenantLeverageRatioFixedPayRateIncreasePercentage
|
0.50 | |
CY2021Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2024Q1 | cik0001645873 |
Tenant Reimbursement
TenantReimbursement
|
2355380 | usd |
CY2023Q4 | cik0001645873 |
Tenant Reimbursement
TenantReimbursement
|
2439098 | usd |
CY2024Q1 | us-gaap |
Other Ownership Interests Units Issued
OtherOwnershipInterestsUnitsIssued
|
1030322 | shares |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
1378502 | usd |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
660169 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
4637323 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4578921 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
912864 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-816199 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
921875 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
921875 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2802584 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4684597 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
4637323 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4578921 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
921875 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
921875 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
3715448 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-5500796 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8568353 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7532452 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11359258 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7532452 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.33 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.62 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.62 | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2818689 | shares |
CY2024Q1 | cik0001645873 |
Dividends Payable Amount Per Share Per Month
DividendsPayableAmountPerSharePerMonth
|
0.095833 | |
CY2024Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
1.15 | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |