2020 Q4 Form 10-Q Financial Statement

#000159552720000018 Filed on November 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $9.860M $17.00M $18.64M
YoY Change -46.15% -8.83% 18.44%
Cost Of Revenue $10.61M $10.18M $9.990M
YoY Change 1.34% 1.9% 13.14%
Gross Profit -$750.0K $6.820M $8.660M
YoY Change -109.57% -21.25% 25.33%
Gross Profit Margin -7.61% 40.12% 46.45%
Selling, General & Admin $3.960M $2.950M $1.200M
YoY Change 175.0% 145.83% -46.9%
% of Gross Profit 43.26% 13.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.680M $8.640M $7.800M
YoY Change -8.46% 10.77% 9.4%
% of Gross Profit 126.69% 90.07%
Operating Expenses $11.63M $11.59M $18.99M
YoY Change 18.19% -38.97% 4.26%
Operating Profit -$12.38M -$7.218M -$349.0K
YoY Change 519.0% 1968.19% -85.9%
Interest Expense -$4.230M $5.089M $4.681M
YoY Change 5.75% 8.72% 33.7%
% of Operating Profit
Other Income/Expense, Net $10.00K -$5.070M -$4.460M
YoY Change -101.45% 13.68% 31.56%
Pretax Income -$16.60M -$12.29M -$4.810M
YoY Change 148.88% 155.47% -18.06%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$16.60M -$12.29M -$4.809M
YoY Change 148.88% 155.52% -18.01%
Net Earnings / Revenue -168.36% -72.3% -25.8%
Basic Earnings Per Share -$0.96
Diluted Earnings Per Share -$1.297M -$0.96 -$377.3K
COMMON SHARES
Basic Shares Outstanding 12.80M shares 12.77M shares 30.99M shares
Diluted Shares Outstanding 12.77M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.00M $39.10M $53.80M
YoY Change -39.45% -27.32% -16.07%
Cash & Equivalents $31.00M $39.09M $53.82M
Short-Term Investments
Other Short-Term Assets $13.00M $11.10M $6.700M
YoY Change 51.16% 65.67% -70.35%
Inventory
Prepaid Expenses
Receivables $22.10M $25.20M $20.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $66.10M $75.40M $81.10M
YoY Change -18.8% -7.03% -6.46%
LONG-TERM ASSETS
Property, Plant & Equipment $776.3M $783.2M $811.1M
YoY Change -3.43% -3.44% 20.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.50M $19.30M $17.00M
YoY Change 21.88% 13.53% 32.81%
Total Long-Term Assets $795.7M $802.6M $828.2M
YoY Change -2.95% -3.1% 20.84%
TOTAL ASSETS
Total Short-Term Assets $66.10M $75.40M $81.10M
Total Long-Term Assets $795.7M $802.6M $828.2M
Total Assets $861.8M $878.0M $909.3M
YoY Change -4.38% -3.45% 17.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.900M $6.800M $7.100M
YoY Change -1.43% -4.23% -48.92%
Accrued Expenses $54.80M $54.80M $54.90M
YoY Change -0.18% -0.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $61.70M $61.60M $62.00M
YoY Change -0.32% -0.65% 346.04%
LONG-TERM LIABILITIES
Long-Term Debt $396.6M $396.2M $394.6M
YoY Change 0.41% 0.41% 40.03%
Other Long-Term Liabilities $22.00M $23.70M $26.10M
YoY Change -7.95% -9.2% -5.09%
Total Long-Term Liabilities $418.6M $419.9M $420.7M
YoY Change -0.07% -0.19% 36.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.70M $61.60M $62.00M
Total Long-Term Liabilities $418.6M $419.9M $420.7M
Total Liabilities $480.3M $481.6M $482.7M
YoY Change -0.11% -0.23% 49.34%
SHAREHOLDERS EQUITY
Retained Earnings -$305.9M -$288.6M -$257.6M
YoY Change 15.74% 12.05% 8.58%
Common Stock $129.0K $129.0K $310.0K
YoY Change 0.78% -58.39% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $377.6M $394.5M $426.6M
YoY Change
Total Liabilities & Shareholders Equity $861.8M $878.0M $909.3M
YoY Change -4.38% -3.45% 17.78%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$16.60M -$12.29M -$4.809M
YoY Change 148.88% 155.52% -18.01%
Depreciation, Depletion And Amortization $7.680M $8.640M $7.800M
YoY Change -8.46% 10.77% 9.4%
Cash From Operating Activities -$7.560M -$1.890M -$1.790M
YoY Change 563.16% 5.59% 33.58%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$1.710M -$36.62M
YoY Change -71.96% -95.33% 853.65%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$600.0K -$1.710M -$36.62M
YoY Change -71.96% -95.33% 853.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -640.0K -330.0K -200.0K
YoY Change -3300.0% 65.0% -92.65%
NET CHANGE
Cash From Operating Activities -7.560M -1.890M -1.790M
Cash From Investing Activities -600.0K -1.710M -36.62M
Cash From Financing Activities -640.0K -330.0K -200.0K
Net Change In Cash -8.800M -3.930M -38.61M
YoY Change 169.94% -89.82% 388.73%
FREE CASH FLOW
Cash From Operating Activities -$7.560M -$1.890M -$1.790M
Capital Expenditures -$600.0K -$1.710M -$36.62M
Free Cash Flow -$6.960M -$180.0K $34.83M
YoY Change -796.0% -100.52% 1293.2%

Facts In Submission

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1758000 USD
us-gaap Profit Loss
ProfitLoss
-24362000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2395000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
396375000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
405863000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
328000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1153000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1711000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-12288000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
264000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
396375000 USD
us-gaap Profit Loss
ProfitLoss
-24362000 USD
us-gaap Profit Loss
ProfitLoss
-15220000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
24070000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22771000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1157000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
919000 USD
nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
2807000 USD
nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
1459000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1758000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
64000 USD
nycr Vesting And Conversion Expense
VestingAndConversionExpense
1153000 USD
nycr Vesting And Conversion Expense
VestingAndConversionExpense
0 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
3582000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
4207000 USD
nycr Increase Decreasein Straight Line Rent Payable
IncreaseDecreaseinStraightLineRentPayable
82000 USD
nycr Increase Decreasein Straight Line Rent Payable
IncreaseDecreaseinStraightLineRentPayable
82000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4232000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-198000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-496000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3060000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1240000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-544000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6019000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-456000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
38265000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3162000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5567000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3162000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43832000 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
55000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3948000 USD
nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
328000 USD
nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-328000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51052000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9509000 USD
nycr Noncashor Part Noncash Acquisition Releaseof Secured Debt Assumed
NoncashorPartNoncashAcquisitionReleaseofSecuredDebtAssumed
-51000000 USD
CY2020Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
8 property
CY2020Q3 us-gaap Net Rentable Area
NetRentableArea
1200000 sqft
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6764000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58297000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54801000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48788000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61565000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39088000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53818000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9700000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7747000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48788000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61565000 USD
nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
294000 USD
nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
837000 USD
nycr Noncashor Part Noncash Acquisition Proceeds From Secured Debt Assumed
NoncashorPartNoncashAcquisitionProceedsFromSecuredDebtAssumed
0 USD
nycr Noncashor Part Noncash Acquisition Proceeds From Secured Debt Assumed
NoncashorPartNoncashAcquisitionProceedsFromSecuredDebtAssumed
51000000 USD
nycr Noncashor Part Noncash Acquisition Releaseof Secured Debt Assumed
NoncashorPartNoncashAcquisitionReleaseofSecuredDebtAssumed
0 USD
CY2020Q3 nycr Aggregate Purchase Priceof Real Estate
AggregatePurchasePriceofRealEstate
790700000 USD
CY2020Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
3 shares
CY2020Q3 nycr Stock Issuance Expense
StockIssuanceExpense
1300000 USD
nycr Stock Issuance Expense
StockIssuanceExpense
1300000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><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-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts have been reclassified to conform to the current period presentation:</span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:40.5pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">The Company currently presents equity-based compensation on its own line item in the consolidated statements of operations, which was previously presented in general and administrative expenses. </span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:40.5pt;text-align:justify;text-indent:-13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.35pt">In the third quarter of 2020, the Company reclassified professional fees related to the Listing of $0.1 million, which were previously recorded in general and administrative expenses in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, to listing expenses in the Company’s consolidated statements of operations. For additional information on total listing expenses, see </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if210be5ffc5345eebd1eee0757e64b44_37" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Note 1</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> — Organization</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:40.5pt;text-align:justify;text-indent:-13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.35pt">In the third quarter of 2020, the Company reclassified professional fees related to potential equity offerings of $0.2 million, which were previously recorded in general and administrative expenses in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, to prepaid expenses and other assets in the Company’s </span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:40.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">consolidated balance sheets. For additional information on potential equity offerings, see </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if210be5ffc5345eebd1eee0757e64b44_67" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Note 7</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> — Stockholders’ Equity</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:40.5pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">The Company currently presents straight-line rent receivable and straight-line rent payable on its own line items in the consolidated statement of cash flows and consolidated balance sheets, which was previously included within prepaid expenses and other assets.</span></div>
nycr Lessor Operating Lease Weighted Average Remaining Lease Term
LessorOperatingLeaseWeightedAverageRemainingLeaseTerm
P7Y6M
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2019Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
nycr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land Acquired In Period
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLandAcquiredInPeriod
55548000 USD
nycr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment Acquired In Period
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAcquiredInPeriod
24324000 USD
nycr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Tangible Assets Acquired During Period
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTangibleAssetsAcquiredDuringPeriod
79872000 USD
nycr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Finite Lived Intangibles Acquired During The Period
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFiniteLivedIntangiblesAcquiredDuringThePeriod
9393000 USD
nycr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Assets Acquired
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquired
89265000 USD
nycr Asset Acquisition Assets Acquired And Liabilities Assumed Mortgage Proceeds
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedMortgageProceeds
51000000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
38265000 USD
nycr Deposit Income From Forfeit
DepositIncomeFromForfeit
600000 USD
CY2020Q3 nycr Number Of Leases Terminated
NumberOfLeasesTerminated
3 lease
CY2020Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
827800000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
55000000 USD
CY2020Q3 nycr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
350000000 USD
CY2020Q3 us-gaap Secured Debt
SecuredDebt
405000000 USD
CY2019Q1 us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P5Y
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2020Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3722000 USD
CY2020Q3 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2020Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
3722000 USD
CY2020Q3 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2020Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
3722000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1327000 USD
CY2019Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1327000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1327000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-3700000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-3700000 USD
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12800000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12800000 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04889
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
6672 shares
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
300000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1200000 USD
CY2019Q4 nycr Stock Repurchased Cumulative Shares
StockRepurchasedCumulativeShares
518409 shares
CY2019Q4 nycr Weighted Average Price Per Share Cumulative Shares Repurchased
WeightedAveragePricePerShareCumulativeSharesRepurchased
53.53
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P46Y3M18D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.086
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
55400000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
54800000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1200000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3600000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
3600000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1200000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3600000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
3600000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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1187000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4746000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4746000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4746000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4746000 USD
CY2020Q3 nycr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
207246000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
227417000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
172585000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
54832000 USD
nycr Advisory Agreement Renewal Term
AdvisoryAgreementRenewalTerm
P5Y
CY2018Q4 nycr Period Prior To Expiration Date Needed To Terminate Agreement
PeriodPriorToExpirationDateNeededToTerminateAgreement
P180D
nycr Vesting And Conversion Expense
VestingAndConversionExpense
1200000 USD
CY2020Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2099000 USD
CY2019Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2679000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8169000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8060000 USD
CY2020Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
240000 USD
CY2019Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-222000 USD
nycr Consecutive Trading Dates Commencing Converted Shares
ConsecutiveTradingDatesCommencingConvertedShares
P180D
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1700000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1700000 USD
nycr Distributions On The Ltip Unit
DistributionsOnTheLTIPUnit
0.10
nycr Distributions On The Ltip Unit
DistributionsOnTheLTIPUnit
0.10
nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2019Q3 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2020Q3 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2020Q3 us-gaap Net Income Loss
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-12288000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-4809000 USD
us-gaap Net Income Loss
NetIncomeLoss
-24362000 USD
us-gaap Net Income Loss
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-15220000 USD
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12772176 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12749456 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12757376 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12748674 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.96
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.91
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.19
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
89770 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71645 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
77394 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71645 shares

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