2014 Q1 Form 10-Q Financial Statement

#000147620414000015 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $35.68M $11.24M
YoY Change 217.5% 407.31%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.87M $5.069M
YoY Change 193.35% 385.54%
% of Gross Profit
Operating Expenses $32.97M $12.05M
YoY Change 173.63% 431.45%
Operating Profit $2.710M -$811.0K
YoY Change -434.16% 1459.62%
Interest Expense $3.680M $2.100M
YoY Change 75.24% 437.08%
% of Operating Profit 135.79%
Other Income/Expense, Net $547.0K $0.00
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$423.0K -$2.848M
YoY Change -85.15% 1003.88%
Net Earnings / Revenue -1.19% -25.34%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 176.9M shares
Diluted Shares Outstanding 176.9M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $257.5M $8.152M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.796B $489.6M
YoY Change 266.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $340.8M $270.7M
YoY Change 25.92%
SHAREHOLDERS EQUITY
Retained Earnings -$100.9M -$17.43M
YoY Change 478.7%
Common Stock $1.774M $225.0K
YoY Change 688.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.455B $175.3M
YoY Change
Total Liabilities & Shareholders Equity $1.796B $489.6M
YoY Change 266.87%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$423.0K -$2.848M
YoY Change -85.15% 1003.88%
Depreciation, Depletion And Amortization $14.87M $5.069M
YoY Change 193.35% 385.54%
Cash From Operating Activities $16.36M $3.915M
YoY Change 317.78% -689.61%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$203.6M -$123.5M
YoY Change 64.84% 979.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.378M -$85.63M
YoY Change -97.22% -845.08%
Debt Paid & Issued, Net $900.0K $47.43M
YoY Change -98.1% 123.98%
Cash From Financing Activities -$15.52M $120.1M
YoY Change -112.92% 946.83%
NET CHANGE
Cash From Operating Activities $16.36M $3.915M
Cash From Investing Activities -$203.6M -$123.5M
Cash From Financing Activities -$15.52M $120.1M
Net Change In Cash -$202.8M $498.0K
YoY Change -40816.87% -179.05%
FREE CASH FLOW
Cash From Operating Activities $16.36M $3.915M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivative Instruments and Hedging Activities</font><font style="font-family:inherit;font-size:10pt;">&#8212;We may use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage such risk. We enter into derivative instruments that qualify as cash flow hedges, and we do not enter into derivative instruments for speculative purposes. The interest rate swaps associated with our cash flow hedges are recorded at fair value on a recurring basis. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt instrument do not perfectly match, such as notional amounts, settlement dates, reset dates, the calculation period and the LIBOR rate. When ineffectiveness exists, the ineffective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recognized in earnings in the period affected. In addition, we evaluate the default risk of the counterparty by monitoring the credit worthiness of the counterparty. &#160;Derivative instruments and hedging activities require management to make judgments on the nature of its derivatives and their effectiveness as hedges. These judgments determine if the changes in fair value of the derivative instruments are reported in the condensed consolidated statements of operations and comprehensive loss as a component of net loss or as a component of comprehensive income and as a component of stockholders' equity on the consolidated balance sheets. Although management believes its judgments are reasonable, a change in a derivative's effectiveness as a hedge could materially affect expenses, net income and equity.</font></div></div>
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CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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CY2013Q1 us-gaap Proceeds From Hedge Financing Activities
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CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2014Q1 us-gaap Real Estate Investment Property At Cost
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CY2013Q1 us-gaap Revenues
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CY2013Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2013Q4 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2014Q1 us-gaap Straight Line Rent
StraightLineRent
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CY2013Q1 us-gaap Straight Line Rent
StraightLineRent
282000 USD
CY2014Q1 us-gaap Tenant Reimbursements
TenantReimbursements
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CY2013Q1 us-gaap Tenant Reimbursements
TenantReimbursements
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CY2014Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
392000 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2013Q4 cik0001476204 Acquired Below Market Lease Intangibles Accumulated Amortization
AcquiredBelowMarketLeaseIntangiblesAccumulatedAmortization
2708000 USD
CY2014Q1 cik0001476204 Acquired Below Market Lease Intangibles Accumulated Amortization
AcquiredBelowMarketLeaseIntangiblesAccumulatedAmortization
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CY2013Q1 cik0001476204 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
300000 USD
CY2014Q1 cik0001476204 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
900000 USD
CY2014Q1 cik0001476204 Acquisition Fees Payable
AcquisitionFeesPayable
0 USD
CY2014Q1 cik0001476204 Advisor Interest In Special Limited Partner
AdvisorInterestInSpecialLimitedPartner
0.15
CY2013Q1 cik0001476204 Asset Management Fees Incurred
AssetManagementFeesIncurred
249000 USD
CY2014Q1 cik0001476204 Asset Management Fees Incurred
AssetManagementFeesIncurred
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CY2014Q1 cik0001476204 Asset Management Fees Payable
AssetManagementFeesPayable
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CY2013Q4 cik0001476204 Asset Management Property Management And Other Fees Payable
AssetManagementPropertyManagementAndOtherFeesPayable
668000 USD
CY2014Q1 cik0001476204 Asset Management Property Management And Other Fees Payable
AssetManagementPropertyManagementAndOtherFeesPayable
1054000 USD
CY2014Q1 cik0001476204 Common Stock Cost Of Repurchases
CommonStockCostOfRepurchases
155200 USD
CY2014Q1 cik0001476204 Common Stock Repurchase Cost Per Share
CommonStockRepurchaseCostPerShare
9.72
CY2014Q1 cik0001476204 Common Stock Repurchase Obligations
CommonStockRepurchaseObligations
73000 USD
CY2014Q1 cik0001476204 Acquisition Fee Percentage
AcquisitionFeePercentage
0.01
CY2014Q1 cik0001476204 Acquisition Fees Incurred
AcquisitionFeesIncurred
2842000 USD
CY2013Q1 cik0001476204 Acquisition Fees Incurred
AcquisitionFeesIncurred
1648000 USD
CY2013Q4 cik0001476204 Acquisition Fees Payable
AcquisitionFeesPayable
0 USD
CY2013Q1 cik0001476204 Assumed Debt
AssumedDebt
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CY2014Q1 cik0001476204 Assumed Debt
AssumedDebt
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CY2014Q1 cik0001476204 Business Acquisition During Period Costof Acquired Entity Fair Valueof Debt Assumed
BusinessAcquisitionDuringPeriodCostofAcquiredEntityFairValueofDebtAssumed
86600000 USD
CY2013Q1 cik0001476204 Business Acquisition During Period Costof Acquired Entity Fair Valueof Debt Assumed
BusinessAcquisitionDuringPeriodCostofAcquiredEntityFairValueofDebtAssumed
39400000 USD
CY2014Q1 cik0001476204 Change In Accrued Offering Costs Payable To Sub Advisor
ChangeInAccruedOfferingCostsPayableToSubAdvisor
-304000 USD
CY2013Q1 cik0001476204 Change In Accrued Offering Costs Payable To Sub Advisor
ChangeInAccruedOfferingCostsPayableToSubAdvisor
-799000 USD
CY2013Q1 cik0001476204 Change In Distributions Payable
ChangeInDistributionsPayable
442000 USD
CY2014Q1 cik0001476204 Change In Distributions Payable
ChangeInDistributionsPayable
325000 USD
CY2013Q1 cik0001476204 Change In Distributions Payable Noncontrolling Interests
ChangeInDistributionsPayableNoncontrollingInterests
4000 USD
CY2014Q1 cik0001476204 Change In Distributions Payable Noncontrolling Interests
ChangeInDistributionsPayableNoncontrollingInterests
4000 USD
CY2013Q1 cik0001476204 Class B Distributions
ClassBDistributions
4000 USD
CY2014Q1 cik0001476204 Class B Distributions
ClassBDistributions
118000 USD
CY2014Q1 cik0001476204 Class B Distributions Payable
ClassBDistributionsPayable
50000 USD
CY2013Q4 cik0001476204 Class B Distributions Payable
ClassBDistributionsPayable
30000 USD
CY2014Q1 cik0001476204 Class B Units Issued
ClassBUnitsIssued
344956 shares
CY2014Q1 cik0001476204 Class B Units Outstanding
ClassBUnitsOutstanding
877336 shares
CY2013Q1 cik0001476204 Class B Units Outstanding
ClassBUnitsOutstanding
59245 shares
CY2014Q1 cik0001476204 Common Stock Repurchased Since Inception
CommonStockRepurchasedSinceInception
111354 shares
CY2014Q1 cik0001476204 Common Stock Shares Repurchased
CommonStockSharesRepurchased
15971 shares
CY2013Q1 cik0001476204 Common Stock Shares Repurchased
CommonStockSharesRepurchased
0 shares
CY2014Q1 cik0001476204 Commonstocksharerepurchasenoticedays
Commonstocksharerepurchasenoticedays
P5D
CY2014Q1 cik0001476204 Commonstocksharerepurchaseplanterminationnoticedays
Commonstocksharerepurchaseplanterminationnoticedays
P30D
CY2013Q1 cik0001476204 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
986000 USD
CY2014Q1 cik0001476204 Commonstocksharerepurchasewithdrawalnoticedays
Commonstocksharerepurchasewithdrawalnoticedays
P5D
CY2013Q1 cik0001476204 Construction Management Fees Incurred
ConstructionManagementFeesIncurred
23000 USD
CY2014Q1 cik0001476204 Construction Management Fees Incurred
ConstructionManagementFeesIncurred
40000 USD
CY2013Q4 cik0001476204 Construction Management Fees Payable
ConstructionManagementFeesPayable
50000 USD
CY2014Q1 cik0001476204 Construction Management Fees Payable
ConstructionManagementFeesPayable
11000 USD
CY2011Q3 cik0001476204 Contributed Properties
ContributedProperties
6 Properties
CY2014Q1 cik0001476204 Dealer Manager Fee Percentage
DealerManagerFeePercentage
0.030
CY2014Q1 cik0001476204 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
72000 USD
CY2013Q1 cik0001476204 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
2542000 USD
CY2014Q1 cik0001476204 Disposition Fees Incurred
DispositionFeesIncurred
0 USD
CY2014Q1 cik0001476204 Disposition Fees Payable
DispositionFeesPayable
0 USD
CY2013Q4 cik0001476204 Disposition Fees Payable
DispositionFeesPayable
0 USD
CY2014Q1 cik0001476204 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
29000 USD
CY2014Q1 cik0001476204 Dealer Manager Selling Commission Percentage
DealerManagerSellingCommissionPercentage
0.070
CY2013Q1 cik0001476204 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
5599000 USD
CY2014Q1 cik0001476204 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
157000 USD
CY2014Q1 cik0001476204 Dealer Manager Selling Commissions Reallowed
DealerManagerSellingCommissionsReallowed
157000 USD
CY2013Q1 cik0001476204 Dealer Manager Selling Commissions Reallowed
DealerManagerSellingCommissionsReallowed
5599000 USD
CY2014Q1 cik0001476204 Disposition Fee Percentage
DispositionFeePercentage
0.020
CY2013Q1 cik0001476204 Disposition Fees Incurred
DispositionFeesIncurred
0 USD
CY2013Q4 cik0001476204 Fair Value Inputs Discount Rate Fixed Rate Debt
FairValueInputsDiscountRateFixedRateDebt
0.045
CY2014Q1 cik0001476204 Fair Value Inputs Discount Rate Fixed Rate Debt
FairValueInputsDiscountRateFixedRateDebt
0.0425
CY2014Q1 cik0001476204 Financing Fee Percentage
FinancingFeePercentage
0.0075
CY2014Q1 cik0001476204 Financing Fees Incurred
FinancingFeesIncurred
633000 USD
CY2013Q1 cik0001476204 Financing Fees Incurred
FinancingFeesIncurred
1958000 USD
CY2013Q4 cik0001476204 Financing Fees Payable
FinancingFeesPayable
0 USD
CY2014Q1 cik0001476204 Financing Fees Payable
FinancingFeesPayable
0 USD
CY2014Q1 cik0001476204 Fixed Rate Debt Not Assumed
FixedRateDebtNotAssumed
6400000 USD
CY2013Q4 cik0001476204 General And Administrative Expenses Of Company Paid By Sponsor
GeneralAndAdministrativeExpensesOfCompanyPaidBySponsor
85000 USD
CY2014Q1 cik0001476204 General And Administrative Expenses Of Company Paid By Sponsor
GeneralAndAdministrativeExpensesOfCompanyPaidBySponsor
85000 USD
CY2014Q1 cik0001476204 Increase Decreasein Accrued Sharesfor Repurchase
IncreaseDecreaseinAccruedSharesforRepurchase
-2000 USD
CY2013Q1 cik0001476204 Increase Decreasein Accrued Sharesfor Repurchase
IncreaseDecreaseinAccruedSharesforRepurchase
0 USD
CY2014Q1 cik0001476204 Investor Return Before Subordinated Distribution Upon Termination Of Advisor Agreement
InvestorReturnBeforeSubordinatedDistributionUponTerminationOfAdvisorAgreement
0.070
CY2014Q1 cik0001476204 Investor Return Before Subordinated Listing Incentive Fee
InvestorReturnBeforeSubordinatedListingIncentiveFee
0.070
CY2014Q1 cik0001476204 Investor Return Before Subordinated Participation In Net Sales Proceeds
InvestorReturnBeforeSubordinatedParticipationInNetSalesProceeds
0.070
CY2013Q4 cik0001476204 Joint Venture Investment Ownership Percentage
JointVentureInvestmentOwnershipPercentage
1
CY2014Q1 cik0001476204 Leasing Commissions Incurred
LeasingCommissionsIncurred
570000 USD
CY2013Q1 cik0001476204 Leasing Commissions Incurred
LeasingCommissionsIncurred
188000 USD
CY2013Q4 cik0001476204 Leasing Commissions Payable
LeasingCommissionsPayable
80000 USD
CY2014Q1 cik0001476204 Leasing Commissions Payable
LeasingCommissionsPayable
229000 USD
CY2014Q1 cik0001476204 Maximum Loan Capacity
MaximumLoanCapacity
505944000 USD
CY2013Q4 cik0001476204 Maximum Loan Capacity
MaximumLoanCapacity
422797000 USD
CY2014Q1 cik0001476204 Maximumofofferingproceedspayableto Advisor Subadvisor
MaximumofofferingproceedspayabletoAdvisorSubadvisor
0.015
CY2014Q1 cik0001476204 Minimum Percentage Of Shares Owned By Sub Advisor
MinimumPercentageOfSharesOwnedBySubAdvisor
0.001
CY2014Q1 cik0001476204 Net Amortization Of Above And Below Market Leases
NetAmortizationOfAboveAndBelowMarketLeases
89000 USD
CY2013Q1 cik0001476204 Net Amortization Of Above And Below Market Leases
NetAmortizationOfAboveAndBelowMarketLeases
151000 USD
CY2013Q4 cik0001476204 Non Recourse Mortgage Loans Payable
NonRecourseMortgageLoansPayable
157800000 USD
CY2014Q1 cik0001476204 Non Recourse Mortgage Loans Payable
NonRecourseMortgageLoansPayable
193000000 USD
CY2011Q3 cik0001476204 Noncontrolling Interest Capital
NoncontrollingInterestCapital
50000000 USD
CY2014Q1 cik0001476204 Operating Partnership Return For Class B To Vest
OperatingPartnershipReturnForClassBToVest
0.06
CY2014Q1 cik0001476204 Organization And Offering Costs Charged By Advisor And Sub Advisor
OrganizationAndOfferingCostsChargedByAdvisorAndSubAdvisor
27400000 USD
CY2013Q4 cik0001476204 Organization And Offering Costs Charged By Advisor And Sub Advisor
OrganizationAndOfferingCostsChargedByAdvisorAndSubAdvisor
26300000 USD
CY2013Q4 cik0001476204 Organization And Offering Costs Payable To Advisor And Sub Advisor
OrganizationAndOfferingCostsPayableToAdvisorAndSubAdvisor
379000 USD
CY2014Q1 cik0001476204 Organization And Offering Costs Payable To Advisor And Sub Advisor
OrganizationAndOfferingCostsPayableToAdvisorAndSubAdvisor
75000 USD
CY2014Q1 cik0001476204 Organization And Offering Costs Reimbursed To Advisor And Sub Advisor
OrganizationAndOfferingCostsReimbursedToAdvisorAndSubAdvisor
27300000 USD
CY2013Q4 cik0001476204 Organization And Offering Costs Reimbursed To Advisor And Sub Advisor
OrganizationAndOfferingCostsReimbursedToAdvisorAndSubAdvisor
25900000 USD
CY2014Q1 cik0001476204 Other Fees And Reimbursements Payable To Property Manager
OtherFeesAndReimbursementsPayableToPropertyManager
104000 USD
CY2013Q4 cik0001476204 Other Fees And Reimbursements Payable To Property Manager
OtherFeesAndReimbursementsPayableToPropertyManager
89000 USD
CY2014Q1 cik0001476204 Other Property Manager Fees And Reimbursements Incurred
OtherPropertyManagerFeesAndReimbursementsIncurred
292000 USD
CY2013Q1 cik0001476204 Other Property Manager Fees And Reimbursements Incurred
OtherPropertyManagerFeesAndReimbursementsIncurred
118000 USD
CY2014Q1 cik0001476204 Percentage Of Dealer Manager Selling Commissions Typically Reallowed
PercentageOfDealerManagerSellingCommissionsTypicallyReallowed
1
CY2014Q1 cik0001476204 Percentage Of Shares Owned By Sub Advisor
PercentageOfSharesOwnedBySubAdvisor
0.0010
CY2013Q4 cik0001476204 Percentage Of Shares Owned By Sub Advisor
PercentageOfSharesOwnedBySubAdvisor
0.0010
CY2013Q1 cik0001476204 Properties Acquired During Period Assumed Debt
PropertiesAcquiredDuringPeriodAssumedDebt
3 Properties
CY2014Q1 cik0001476204 Properties Acquired During Period Assumed Debt
PropertiesAcquiredDuringPeriodAssumedDebt
7 Properties
CY2013Q1 cik0001476204 Property Management Fees Incurred
PropertyManagementFeesIncurred
458000 USD
CY2014Q1 cik0001476204 Property Management Fees Incurred
PropertyManagementFeesIncurred
1582000 USD
CY2014Q1 cik0001476204 Property Management Fees Payable
PropertyManagementFeesPayable
660000 USD
CY2013Q4 cik0001476204 Property Management Fees Payable
PropertyManagementFeesPayable
418000 USD
CY2014Q1 cik0001476204 Property Management Oversight Fee Percent
PropertyManagementOversightFeePercent
0.01
CY2014Q1 cik0001476204 Property Manager Fees And Reimbursements Incurred
PropertyManagerFeesAndReimbursementsIncurred
2484000 USD
CY2013Q1 cik0001476204 Property Manager Fees And Reimbursements Incurred
PropertyManagerFeesAndReimbursementsIncurred
787000 USD
CY2013Q4 cik0001476204 Property Manager Fees And Reimbursements Payable
PropertyManagerFeesAndReimbursementsPayable
637000 USD
CY2014Q1 cik0001476204 Property Manager Fees And Reimbursements Payable
PropertyManagerFeesAndReimbursementsPayable
1004000 USD
CY2014Q1 cik0001476204 Related Party Transaction Acquisition Expense Incurred
RelatedPartyTransactionAcquisitionExpenseIncurred
265000 USD
CY2013Q1 cik0001476204 Related Party Transaction Acquisition Expense Incurred
RelatedPartyTransactionAcquisitionExpenseIncurred
0 USD
CY2013Q4 cik0001476204 Related Party Transaction Acquisition Expense Payable
RelatedPartyTransactionAcquisitionExpensePayable
0 USD
CY2014Q1 cik0001476204 Related Party Transaction Acquisition Expense Payable
RelatedPartyTransactionAcquisitionExpensePayable
0 USD
CY2014Q1 cik0001476204 Salesof Real Estate Assets
SalesofRealEstateAssets
0 USD
CY2013Q1 cik0001476204 Salesof Real Estate Assets
SalesofRealEstateAssets
0 USD
CY2014Q1 cik0001476204 Shares Owned By Sub Advisor
SharesOwnedBySubAdvisor
176509 shares
CY2013Q4 cik0001476204 Shares Owned By Sub Advisor
SharesOwnedBySubAdvisor
176509 shares
CY2014Q1 cik0001476204 Stock Repurchase Program Repurchase Obligation Shares
StockRepurchaseProgramRepurchaseObligationShares
7407 shares
CY2013Q1 cik0001476204 Subordinated Incentive Fee Earned
SubordinatedIncentiveFeeEarned
0 USD
CY2014Q1 cik0001476204 Sub Advisor Interest In Special Limited Partner
SubAdvisorInterestInSpecialLimitedPartner
0.85
CY2014Q1 cik0001476204 Sub Advisor Share Purchase Price
SubAdvisorSharePurchasePrice
9.00
CY2014Q1 cik0001476204 Subordinated Distribution Upon Termination Of Advisor Agreement Percentage
SubordinatedDistributionUponTerminationOfAdvisorAgreementPercentage
0.15
CY2014Q1 cik0001476204 Subordinated Incentive Fee Earned
SubordinatedIncentiveFeeEarned
0 USD
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 cik0001476204 Subordinated Incentive Listing Fee Percentage
SubordinatedIncentiveListingFeePercentage
0.15
CY2014Q1 cik0001476204 Subordinated Participation In Net Sales Proceeds Percentage
SubordinatedParticipationInNetSalesProceedsPercentage
0.15
CY2014Q1 cik0001476204 Writeoffof Deferred Debt Issuance Costand Capitalized Leasing Commissions
WriteoffofDeferredDebtIssuanceCostandCapitalizedLeasingCommissions
10000 USD
CY2013Q1 cik0001476204 Writeoffof Deferred Debt Issuance Costand Capitalized Leasing Commissions
WriteoffofDeferredDebtIssuanceCostandCapitalizedLeasingCommissions
0 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001476204
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
178500000 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Phillips Edison - ARC Shopping Center REIT Inc.

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cik0001476204-20140331.xml Edgar Link completed
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