2020 Q4 Form 10-K Financial Statement

#000159552721000007 Filed on March 29, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $9.860M $17.00M $18.56M
YoY Change -46.15% -8.83% 12.33%
Cost Of Revenue $10.61M $10.18M $9.060M
YoY Change 1.34% 1.9% -1.09%
Gross Profit -$750.0K $6.820M $9.500M
YoY Change -109.57% -21.25% 29.08%
Gross Profit Margin -7.61% 40.12% 51.18%
Selling, General & Admin $3.960M $2.950M $2.520M
YoY Change 175.0% 145.83% 35.48%
% of Gross Profit 43.26% 26.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.680M $8.640M $7.910M
YoY Change -8.46% 10.77% 4.63%
% of Gross Profit 126.69% 83.26%
Operating Expenses $11.63M $11.59M $10.43M
YoY Change 18.19% -38.97% -43.91%
Operating Profit -$12.38M -$7.218M -$932.0K
YoY Change 519.0% 1968.19% -54.95%
Interest Expense -$4.230M $5.089M $4.995M
YoY Change 5.75% 8.72% 22.76%
% of Operating Profit
Other Income/Expense, Net $10.00K -$5.070M -$4.354M
YoY Change -101.45% 13.68% 15.86%
Pretax Income -$16.60M -$12.29M -$5.290M
YoY Change 148.88% 155.47% -9.26%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$16.60M -$12.29M -$5.286M
YoY Change 148.88% 155.52% -9.28%
Net Earnings / Revenue -168.36% -72.3% -28.48%
Basic Earnings Per Share -$0.96 -$0.41
Diluted Earnings Per Share -$1.297M -$0.96 -$0.41
COMMON SHARES
Basic Shares Outstanding 12.80M shares 12.77M shares 12.75M shares
Diluted Shares Outstanding 12.77M shares 12.75M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.00M $39.10M $44.70M
YoY Change -39.45% -27.32% -52.4%
Cash & Equivalents $31.00M $39.09M $44.66M
Short-Term Investments
Other Short-Term Assets $13.00M $11.10M $12.40M
YoY Change 51.16% 65.67% -59.34%
Inventory
Prepaid Expenses
Receivables $22.10M $25.20M $23.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $66.10M $75.40M $80.20M
YoY Change -18.8% -7.03% -35.53%
LONG-TERM ASSETS
Property, Plant & Equipment $776.3M $783.2M $790.4M
YoY Change -3.43% -3.44% 8.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.50M $19.30M $17.10M
YoY Change 21.88% 13.53% 15.54%
Total Long-Term Assets $795.7M $802.6M $807.5M
YoY Change -2.95% -3.1% 8.7%
TOTAL ASSETS
Total Short-Term Assets $66.10M $75.40M $80.20M
Total Long-Term Assets $795.7M $802.6M $807.5M
Total Assets $861.8M $878.0M $887.7M
YoY Change -4.38% -3.45% 2.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.900M $6.800M $6.900M
YoY Change -1.43% -4.23% -34.29%
Accrued Expenses $54.80M $54.80M $54.80M
YoY Change -0.18% -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 $61.70M
YoY Change -0.32% -0.65% -5.66%
LONG-TERM LIABILITIES
Long-Term Debt $396.6M $396.2M $395.8M
YoY Change 0.41% 0.41% 14.89%
Other Long-Term Liabilities $22.00M $23.70M $24.30M
YoY Change -7.95% -9.2% -4.33%
Total Long-Term Liabilities $418.6M $419.9M $420.1M
YoY Change -0.07% -0.19% 13.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.70M $61.60M $61.70M
Total Long-Term Liabilities $418.6M $419.9M $420.1M
Total Liabilities $480.3M $481.6M $481.8M
YoY Change -0.11% -0.23% 10.69%
SHAREHOLDERS EQUITY
Retained Earnings -$305.9M -$288.6M -$276.4M
YoY Change 15.74% 12.05% 9.32%
Common Stock $129.0K $129.0K $128.0K
YoY Change 0.78% -58.39% -58.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $377.6M $394.5M $405.9M
YoY Change
Total Liabilities & Shareholders Equity $861.8M $878.0M $887.7M
YoY Change -4.38% -3.45% 2.35%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$16.60M -$12.29M -$5.286M
YoY Change 148.88% 155.52% -9.28%
Depreciation, Depletion And Amortization $7.680M $8.640M $7.910M
YoY Change -8.46% 10.77% 4.63%
Cash From Operating Activities -$7.560M -$1.890M -$8.560M
YoY Change 563.16% 5.59% 700.0%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$1.710M -$450.0K
YoY Change -71.96% -95.33% -93.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$600.0K -$1.710M -$450.0K
YoY Change -71.96% -95.33% -93.08%
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 0.000
YoY Change -3300.0% 65.0% -100.0%
NET CHANGE
Cash From Operating Activities -7.560M -1.890M -8.560M
Cash From Investing Activities -600.0K -1.710M -450.0K
Cash From Financing Activities -640.0K -330.0K 0.000
Net Change In Cash -8.800M -3.930M -9.010M
YoY Change 169.94% -89.82% -120.63%
FREE CASH FLOW
Cash From Operating Activities -$7.560M -$1.890M -$8.560M
Capital Expenditures -$600.0K -$1.710M -$450.0K
Free Cash Flow -$6.960M -$180.0K -$8.110M
YoY Change -796.0% -100.52% -249.36%

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622000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
20000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-40962000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2077000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381567000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-40962000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-21890000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-24112000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31747000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31161000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29690000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1543000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1304000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
792000 USD
CY2020 nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
3026000 USD
CY2019 nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
1563000 USD
CY2018 nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
2044000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
3874000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
86000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
17000 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-1153000 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2020 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
402000 USD
CY2019 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
5219000 USD
CY2018 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
4544000 USD
CY2020 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
109000 USD
CY2019 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
110000 USD
CY2018 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
109000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7377000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1925000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6749000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-545000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2149000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-752000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
308000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1518000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
513000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13578000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1603000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7080000 USD
CY2020 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 USD
CY2019 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
38265000 USD
CY2018 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
5948000 USD
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3755000 USD
CY2019 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
7709000 USD
CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
8987000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3755000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45974000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14935000 USD
CY2020 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
CY2019 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
55000000 USD
CY2018 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
50000000 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3927000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2656000 USD
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
622000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
7475000 USD
CY2020 nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
328000 USD
CY2019 nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
0 USD
CY2018 nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
0 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
20000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10269000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-970000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51073000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29600000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18303000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3496000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7585000 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
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47216000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39994000 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
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30999000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51199000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47952000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8995000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7098000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6849000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39994000 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
CY2020 us-gaap Interest Paid Net
InterestPaidNet
16721000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
15505000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
12272000 USD
CY2020 nycr Noncashor Part Noncash Acquisition Proceeds From Secured Debt Assumed
NoncashorPartNoncashAcquisitionProceedsFromSecuredDebtAssumed
0 USD
CY2019 nycr Noncashor Part Noncash Acquisition Proceeds From Secured Debt Assumed
NoncashorPartNoncashAcquisitionProceedsFromSecuredDebtAssumed
51000000 USD
CY2018 nycr Noncashor Part Noncash Acquisition Proceeds From Secured Debt Assumed
NoncashorPartNoncashAcquisitionProceedsFromSecuredDebtAssumed
10000000 USD
CY2020 nycr Noncashor Part Noncash Proceedsfrom Mortgage Notes Usedto Acquire Real Estate Investments
NoncashorPartNoncashProceedsfromMortgageNotesUsedtoAcquireRealEstateInvestments
0 USD
CY2019 nycr Noncashor Part Noncash Proceedsfrom Mortgage Notes Usedto Acquire Real Estate Investments
NoncashorPartNoncashProceedsfromMortgageNotesUsedtoAcquireRealEstateInvestments
51000000 USD
CY2018 nycr Noncashor Part Noncash Proceedsfrom Mortgage Notes Usedto Acquire Real Estate Investments
NoncashorPartNoncashProceedsfromMortgageNotesUsedtoAcquireRealEstateInvestments
10000000 USD
CY2020 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
428000 USD
CY2019 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
726000 USD
CY2018 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
408000 USD
CY2020 nycr Noncashor Part Noncash Acquisition Assets Liabilities Assumedin Real Estate Acquisition
NoncashorPartNoncashAcquisitionAssetsLiabilitiesAssumedinRealEstateAcquisition
0 USD
CY2019 nycr Noncashor Part Noncash Acquisition Assets Liabilities Assumedin Real Estate Acquisition
NoncashorPartNoncashAcquisitionAssetsLiabilitiesAssumedinRealEstateAcquisition
0 USD
CY2018 nycr Noncashor Part Noncash Acquisition Assets Liabilities Assumedin Real Estate Acquisition
NoncashorPartNoncashAcquisitionAssetsLiabilitiesAssumedinRealEstateAcquisition
-66000 USD
CY2020 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0 USD
CY2019 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0 USD
CY2018 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
4231000 USD
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
8 property
CY2020Q4 us-gaap Net Rentable Area
NetRentableArea
1163061 sqft
CY2020Q4 nycr Aggregate Purchase Priceof Real Estate
AggregatePurchasePriceofRealEstate
790700000 USD
CY2020 nycr Stock Issuance Expense
StockIssuanceExpense
1300000 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<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%">Use of Estimates </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%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.</span></div>
CY2020 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:3pt;margin-top:3pt;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 prior year amounts have been reclassified to conform to the current year presentation:</span></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:36pt;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%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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:36pt;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><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%">Out-of-Period Adjustments</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%">During the fourth quarter of 2020, the Company also recorded an adjustment to increase depreciation expense by approximately $0.3 million related to certain historical errors that occurred in the prior annual period result of placing construction in progress projects into service in the wrong periods, resulting in an understatement of depreciation expense in </span></div>those periods. The Company concluded that these errors noted above were not material to the current period or any historical periods presented and, accordingly, the Company adjusted the amounts on a cumulative basis in the fourth quarter of 2020.
CY2020 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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%">Revenue Recognition </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%">The Company’s revenues, which are derived primarily from lease contracts, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. As of December 31, 2020, these leases had an average remaining lease term of 7.2 years. Because many of the Company’s leases provide for rental increases at specified intervals, straight-line basis accounting requires that the Company record a receivable for, and include in revenue from tenants, unbilled rent receivables that the Company will receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. For new leases after acquisition, the commencement date is considered to be the date the tenant takes control of the space. For lease modifications, the commencement date is considered to be the date the lease modification is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. Pursuant to certain of the Company’s lease agreements, tenants are required to reimburse the Company for certain property operating expenses (recorded in revenue from tenants), in addition to paying base rent, whereas under certain other lease agreements, the tenants are directly responsible for all operating costs of the respective properties. Under ASC 842, the Company has elected to report combined lease and non-lease components in a single line “Revenue from tenants”. For comparative purposes, the Company has also elected to reflect prior revenue and reimbursements reported under ASC 842 on a single line. For expenses paid directly by the tenant, under both ASC 842 and 840, the Company has reflected them on a net basis.</span></div>The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant’s sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor under the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. For the years ended December 31, 2020, 2019 and 2018, approximately $0.1 million, $0.1 million and $0.2 million, respectively, in contingent rental income is included in revenue from tenants in the consolidated statements of operations and comprehensive loss. <span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company continually reviews receivables related to rent and unbilled rents receivable and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Under the leasing standard adopted on January 1, 2019 (see the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">“Recently Issued Accounting Pronouncements”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section below), the Company is required to assess, based on credit risk, if it is probable that the Company will collect virtually all of the lease payments at the lease commencement date, and it must continue to reassess collectability periodically thereafter based on new facts and circumstances affecting the credit risk of the tenant. In fiscal 2020, this assessment has included consideration of the impacts of the COVID-19 pandemic on the Company’s tenant’s ability to pay rents in accordance with their contracts. Partial reserves, or </span>the ability to assume partial recovery are no longer permitted. If the Company determines that it is probable that it will collect virtually all of the lease payments (base rent and additional rent), the lease will continue to be accounted for on an accrual basis (i.e., straight-line). However, if the Company determines it is not probable that it will collect virtually all of the lease payments, the lease will be accounted for on a cash basis and a full reserve would be recorded on previously accrued amounts in cases where it was subsequently concluded that collection was not probable. Cost recoveries from tenants are included in revenue from tenants, in accordance with current accounting rules, on the accompanying consolidated statements of operations and comprehensive loss in the period the related costs are incurred, as applicable.In accordance with lease accounting rules the Company records uncollectable amounts as reductions in revenue from tenants. During the year ended December 31, 2020, the Company reduced revenue from tenants by $8.5 million for reserves recorded during the period on receivables for which the related tenants have been put on a cash basis (see accounting policy above). Some of these reductions relate to tenants that terminated their leases early while others relate to leases that have not been paying rent and have been placed on a cash basis in accordance with ASC 842. There were no such reductions recorded for the years ended 2019 or 2018.
CY2020 nycr Lessor Operating Lease Weighted Average Remaining Lease Term
LessorOperatingLeaseWeightedAverageRemainingLeaseTerm
P7Y2M12D
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
52909000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
49642000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
41549000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
41111000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
33326000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
190951000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
409488000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8500000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020 nycr Gainon Dispositionsof Real Estate Investments
GainonDispositionsofRealEstateInvestments
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-bottom:3pt;margin-top:3pt;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%">Derivative Instruments</span></div><div style="margin-bottom:3pt;margin-top:3pt;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%">The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements is to minimize the risks and costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions.</span></div><div style="margin-bottom:3pt;margin-top:3pt;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%">The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions </span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in a cash flow hedge.  The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:3pt;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%">The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designated and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the accompanying consolidated statements of operations and comprehensive loss. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective with any ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. After the adoption of ASU 2017-12, if the derivative qualified for hedge accounting, all the change in value is recorded in other comprehensive income.</span></div>
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40000000.0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58300000 USD
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
38200000 USD
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
56400000 USD
CY2019 nycr Reit Taxable Income
REITTaxableIncome
0 USD
CY2018 nycr Reit Taxable Income
REITTaxableIncome
0 USD
CY2020 nycr Reit Taxable Income
REITTaxableIncome
0 USD
CY2020Q4 nycr Uncertain Tax Positions
UncertainTaxPositions
0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
54900000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
54900000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Acquiredin Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandAcquiredinPeriod
55548000 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Acquiredin Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandAcquiredinPeriod
4730000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod
24324000 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod
9245000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Tangible Assets Acquired During Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTangibleAssetsAcquiredDuringPeriod
79872000 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Tangible Assets Acquired During Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTangibleAssetsAcquiredDuringPeriod
13975000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Intangible Assets Acquired During The Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedIntangibleAssetsAcquiredDuringThePeriod
9393000 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Intangible Assets Acquired During The Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedIntangibleAssetsAcquiredDuringThePeriod
2039000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets Acquired Netof Liabilities Assumed In Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssetsAcquiredNetofLiabilitiesAssumedInPeriod
89265000 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets Acquired Netof Liabilities Assumed In Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssetsAcquiredNetofLiabilitiesAssumedInPeriod
16014000 USD
CY2019 nycr Business Combination Assetsand Liabilities Assumed Mortgage Proceeds
BusinessCombinationAssetsandLiabilitiesAssumedMortgageProceeds
51000000 USD
CY2018 nycr Business Combination Assetsand Liabilities Assumed Mortgage Proceeds
BusinessCombinationAssetsandLiabilitiesAssumedMortgageProceeds
10000000 USD
CY2019 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Other Liabilities Acquired During The Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherLiabilitiesAcquiredDuringThePeriod
0 USD
CY2018 nycr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Other Liabilities Acquired During The Period
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherLiabilitiesAcquiredDuringThePeriod
66000 USD
CY2019 nycr Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
38265000 USD
CY2018 nycr Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
5948000 USD
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P13Y4M24D
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
98118000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47195000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50923000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
103121000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
41665000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61456000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
25941000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
11935000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
14006000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
30607000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
12307000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
18300000 USD
CY2019Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0385
CY2020Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
828200000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
55000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
350000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
405000000 USD
CY2019Q1 us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P5Y
CY2019Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1327000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3405000 USD
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3405000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
3405000 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 Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1327000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3400000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3400000 USD
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12800000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12800000 shares
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04889
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 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
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1200000 USD
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2020Q4 nycr Stock Repurchased Cumulative Shares
StockRepurchasedCumulativeShares
518409 shares
CY2020Q4 nycr Weighted Average Price Per Share Cumulative Shares Repurchased
WeightedAveragePricePerShareCumulativeSharesRepurchased
53.53
CY2020Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
435000 USD
CY2019Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-222000 USD
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
500000 shares
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
12.95
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
210014 shares
CY2018Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
2700000 USD
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
140000 shares
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
17.03
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
139993 shares
CY2018Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
2400000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P46Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0857
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
55400000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54800000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
4700000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
4700000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000 USD
CY2019Q4 us-gaap Due To Other Related Parties Current And Noncurrent
DueToOtherRelatedPartiesCurrentAndNoncurrent
400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4746000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4746000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4746000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4746000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4746000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
202500000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
226230000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
171410000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54820000 USD
CY2020 nycr Advisory Agreement Renewal Term
AdvisoryAgreementRenewalTerm
P5Y
CY2018Q4 nycr Period Prior To Expiration Date Needed To Terminate Agreement
PeriodPriorToExpirationDateNeededToTerminateAgreement
P180D
CY2020 nycr Vesting And Conversion Expense
VestingAndConversionExpense
1200000 USD
CY2020 nycr Consecutive Trading Dates Commencing Converted Shares
ConsecutiveTradingDatesCommencingConvertedShares
P180D
CY2020Q4 nycr Common Stock Shares Authorized For Grant Percentage
CommonStockSharesAuthorizedForGrantPercentage
0.200
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3800000 USD
CY2020 nycr Distributions On The Ltip Unit
DistributionsOnTheLTIPUnit
0.10
CY2020 nycr Distributions On The Ltip Unit
DistributionsOnTheLTIPUnit
0.10
CY2020 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2018 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2019 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-40962000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-21890000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-24112000 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12767380 shares
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12748923 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12851416 shares
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.21
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.72
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.88
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1071314 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70933 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70731 shares
CY2020Q1 us-gaap Revenues
Revenues
17477000 USD
CY2020Q2 us-gaap Revenues
Revenues
18562000 USD
CY2020Q3 us-gaap Revenues
Revenues
16997000 USD
CY2020Q4 us-gaap Revenues
Revenues
9860000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-6788000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-5286000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-12288000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-16600000 USD
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12749724 shares
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12750066 shares
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12772176 shares
CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12797174 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.53
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.96
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.30
CY2019Q1 us-gaap Revenues
Revenues
17051000 USD
CY2019Q2 us-gaap Revenues
Revenues
16525000 USD
CY2019Q3 us-gaap Revenues
Revenues
18643000 USD
CY2019Q4 us-gaap Revenues
Revenues
18311000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-4584000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-5827000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-4809000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6670000 USD
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12748130 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12748421 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12749456 shares
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12749665 shares
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.36
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.52
CY2020Q1 us-gaap Interest Expense
InterestExpense
100000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
200000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
300000 USD
CY2020Q3 nycr Stock Issuance Expense
StockIssuanceExpense
1300000 USD
CY2020Q3 nycr Vesting And Conversion Expense
VestingAndConversionExpense
1200000 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000 USD
CY2020Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7400000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1700000 USD
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
405000000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
193658000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
504536000 USD
CY2020Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
64325000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
762519000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
92470000 USD
CY2020Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
98100000 USD
CY2020Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
744600000 USD
CY2020Q4 nycr Finite Lived Intangible Assetsand Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsandLiabilitiesAccumulatedAmortization
47200000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
759487000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
671210000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
647839000 USD
CY2020 nycr Real Estate Investment Property At Cost Acquisitions
RealEstateInvestmentPropertyAtCostAcquisitions
0 USD
CY2019 nycr Real Estate Investment Property At Cost Acquisitions
RealEstateInvestmentPropertyAtCostAcquisitions
79872000 USD
CY2018 nycr Real Estate Investment Property At Cost Acquisitions
RealEstateInvestmentPropertyAtCostAcquisitions
13975000 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
3032000 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
8405000 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
9396000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
762519000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
759487000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
671210000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
72656000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
53449000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
35982000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
19814000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
19207000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
17467000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
92470000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
72656000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
53449000 USD

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