2016 Q4 Form 10-K Financial Statement

#000156792518000030 Filed on March 21, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $19.21M $13.59M $12.20M
YoY Change 112.85% 97.47% 297.88%
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
YoY Change
% of Gross Profit
Operating Expenses $11.71M $10.46M $9.638M
YoY Change 27.52% 29.09% 106.78%
Operating Profit $7.499M $3.134M $2.565M
YoY Change -4816.35% -357.1% -260.92%
Interest Expense -$2.153M -$626.0K -$732.0K
YoY Change 215.23% -215.5% -351.55%
% of Operating Profit -28.71% -19.97% -28.54%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $5.346M $2.508M $1.833M
YoY Change -734.92% -242.42% -197.24%
Net Earnings / Revenue 27.83% 18.45% 15.02%
Basic Earnings Per Share $0.07 $0.03 $0.03
Diluted Earnings Per Share $0.07 $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 78.73M shares 71.85M shares 63.51M shares
Diluted Shares Outstanding 78.74M shares 71.87M shares 63.53M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $50.45M $49.09M $35.65M
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 $1.070B $770.9M $673.0M
YoY Change 111.21% 91.2% 160.66%
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 $401.6M $160.5M $117.2M
YoY Change 277.84% 104.93% 1508.23%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $827.0K $753.0K $680.0K
YoY Change 70.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $668.4M $610.4M $555.8M
YoY Change
Total Liabilities & Shareholders Equity $1.070B $770.9M $673.0M
YoY Change 111.21% 91.2% 160.66%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $5.346M $2.508M $1.833M
YoY Change -734.92% -242.42% -197.24%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016 cik0001567925 Additions To Real Estate Held For Investment And Capital Improvements
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CY2015 cik0001567925 Adjustmentsto Additional Paid In Capital Commissionson Saleof Common Stockand Related Dealer Manager Fees
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38163000 USD
CY2016 cik0001567925 Adjustmentsto Additional Paid In Capital Commissionson Saleof Common Stockand Related Dealer Manager Fees
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24546000 USD
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CY2017 cik0001567925 Adjustmentsto Additional Paidin Capital Distributionand Servicing Fees
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987000 USD
CY2017 cik0001567925 Amortization Of Debt Issuance Costs Line Of Credit Arrangements
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInPlaceLeases
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CY2017Q4 cik0001567925 Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Below Market Leasesand Other Liabilities
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CY2017 cik0001567925 Distributionand Servicing Fees Incurred But Not Yet Paid
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CY2017 cik0001567925 Line Of Credit Facility Increase In Borrowing Capacity Properties Added
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CY2017 cik0001567925 Line Of Credit Facility Increase In Current Borrowing Capacity
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18645000 USD
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CY2017 cik0001567925 Minimum Number Of Classes Or Series Of Preferred Stock Board Of Directors Can Issue Without Stockholder Approval
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CY2017Q4 cik0001567925 Notes Payable Gross
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CY2017Q4 cik0001567925 Number Of Classes Of Common Stock
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CY2017Q4 cik0001567925 Number Of Metropolitan Statistical Areas In Which Company Owns Rental Property
NumberOfMetropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
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CY2017 cik0001567925 Numberof Businesses Acquired With Tenant Improvements
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CY2017 cik0001567925 Numberof Notes Payable Assumed During Period
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CY2015 cik0001567925 Paymentsfor Capitalized Acquisition Costsand Fees Prior Acquisition
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CY2016 cik0001567925 Paymentsfor Capitalized Acquisition Costsand Fees Prior Acquisition
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CY2017 cik0001567925 Period Of Notice Required For Changes To Share Repurchase Program
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CY2017 dei Document Period End Date
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CY2017 dei Document Type
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CY2017 dei Entity Central Index Key
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CY2017 dei Entity Current Reporting Status
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CY2017 dei Entity Filer Category
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CY2017 dei Entity Registrant Name
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Carter Validus Mission Critical REIT II, Inc.
CY2017 dei Entity Voluntary Filers
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0 USD
CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1782000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3934000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
1782000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
3934000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
798000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
22000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
798000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
22000 USD
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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744000 USD
CY2017 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
1484000 USD
CY2016 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
96000 USD
CY2017 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
1386000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
798000 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
22000 USD
CY2016Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2017Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
46000 USD
CY2015Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0 instrument
CY2016Q4 us-gaap Development In Process
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20123000 USD
CY2017Q4 us-gaap Development In Process
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31334000 USD
CY2015 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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2836000 USD
CY2016 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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8164000 USD
CY2017 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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26096000 USD
CY2015 us-gaap Dividends Common Stock
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18245000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
42336000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
63488000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4336000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
6566000 USD
CY2016Q4 us-gaap Earnest Money Deposits
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290000 USD
CY2017Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
100000 USD
CY2015 us-gaap Earnings Per Share Basic
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-0.17
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
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EarningsPerShareDiluted
-0.17
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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7995000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22162000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
70491000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18547000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12658000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15064000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15861000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17933000 USD
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FiniteLivedIntangibleAssetsNet
98053000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
150554000 USD
CY2015 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
CY2016 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
144000 USD
CY2017 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
58000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2133000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3105000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4069000 USD
CY2017Q4 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4915000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1307000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5385000 USD
CY2015 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
389000 USD
CY2016 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
531000 USD
CY2017 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
645000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2534000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1583000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6832000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
524000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2137000 USD
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InterestIncomeExpenseNonoperatingNet
-1886000 USD
CY2016Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-879000 USD
CY2016Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-732000 USD
CY2016Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-626000 USD
CY2016Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2153000 USD
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-4390000 USD
CY2017Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3764000 USD
CY2017Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5073000 USD
CY2017Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6786000 USD
CY2017Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6932000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-22555000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
1055000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
3341000 USD
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InterestPaidNet
20867000 USD
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945000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2410000 USD
CY2017Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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-70000 USD
CY2016Q4 us-gaap Land
Land
154385000 USD
CY2017Q4 us-gaap Land
Land
223277000 USD
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Liabilities
401610000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
787393000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1070038000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1777944000 USD
CY2016Q4 us-gaap Line Of Credit
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219124000 USD
CY2017Q4 us-gaap Line Of Credit
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219399000 USD
CY2017Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
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397842000 USD
CY2017Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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177842000 USD
CY2017Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 case
CY2016Q4 us-gaap Minority Interest
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2000 USD
CY2017Q4 us-gaap Minority Interest
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2000 USD
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398811000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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542292000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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613704000 USD
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-375528000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-636693000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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3290000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24975000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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51827000 USD
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-4767000 USD
CY2016Q1 us-gaap Net Income Loss
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1610000 USD
CY2016Q2 us-gaap Net Income Loss
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1833000 USD
CY2016Q3 us-gaap Net Income Loss
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2508000 USD
CY2016Q4 us-gaap Net Income Loss
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5346000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
11297000 USD
CY2017Q1 us-gaap Net Income Loss
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4791000 USD
CY2017Q2 us-gaap Net Income Loss
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4641000 USD
CY2017Q3 us-gaap Net Income Loss
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5439000 USD
CY2017Q4 us-gaap Net Income Loss
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6408000 USD
CY2017 us-gaap Net Income Loss
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21279000 USD
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NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1236000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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6551000 USD
CY2016Q4 us-gaap Notes Payable
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151045000 USD
CY2017Q4 us-gaap Notes Payable
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463742000 USD
CY2017 us-gaap Number Of Businesses Acquired
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19 real_estate_investment
CY2017Q4 us-gaap Number Of Real Estate Properties
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70 property
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2 segment
CY2017 us-gaap Number Of Reportable Segments
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2 segment
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OperatingExpenses
24167000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
8935000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
9638000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
10460000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
11711000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
40744000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
15467000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
17888000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
23980000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
23926000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
81261000 USD
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-2881000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2489000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2565000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3134000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
7499000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
15687000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
8555000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9714000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12225000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
13340000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
43834000 USD
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2632000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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38000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
37000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
37000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
38000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
38000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2444000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1598250000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
121222000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
119775000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
124652000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
122834000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
123235000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
986532000 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
19000000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
49699000 USD
CY2017 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
106048000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
840000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2870000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
840000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2870000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
840000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2870000 USD
CY2015 us-gaap Payments For Capital Improvements
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1289000 USD
CY2016 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
8253000 USD
CY2017 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
32467000 USD
CY2015 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
75000 USD
CY2016 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-153000 USD
CY2017 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-190000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
311000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3114000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17159000 USD
CY2017Q4 us-gaap Payments Of Dividends Common Stock
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53192000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6379000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17659000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28994000 USD
CY2015 us-gaap Payments Of Financing Costs
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1799000 USD
CY2016 us-gaap Payments Of Financing Costs
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4133000 USD
CY2017 us-gaap Payments Of Financing Costs
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3564000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
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46611000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
30628000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
32079000 USD
CY2015 us-gaap Payments To Acquire Real Estate
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374164000 USD
CY2016 us-gaap Payments To Acquire Real Estate
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535447000 USD
CY2017 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
604372000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
24539000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
47182000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1082000 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6117000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
401411000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
314836000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
386091000 USD
CY2015 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
92000000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
240000000 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
240000000 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
152990000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
309452000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
-4767000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
11297000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
21279000 USD
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
133000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5262000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
18521000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
45789000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
468135000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1327917000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
223277000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
48100000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
1280175000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
222919000 USD
CY2017Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
1409721000 USD
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
82748000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
415776000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
915521000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1551194000 USD
CY2015 us-gaap Real Estate Improvements
RealEstateImprovements
1504000 USD
CY2016 us-gaap Real Estate Improvements
RealEstateImprovements
12469000 USD
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
34127000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
18521000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
45789000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
897000000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1505405000 USD
CY2015 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
331524000 USD
CY2016 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
487276000 USD
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
601546000 USD
CY2015 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
39500000 USD
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
110000000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
240000000 USD
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
43000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2922000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1927000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6463000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10944000 USD
CY2015 us-gaap Revenues
Revenues
21286000 USD
CY2016Q1 us-gaap Revenues
Revenues
11424000 USD
CY2016Q2 us-gaap Revenues
Revenues
12203000 USD
CY2016Q3 us-gaap Revenues
Revenues
13594000 USD
CY2016Q4 us-gaap Revenues
Revenues
19210000 USD
CY2016 us-gaap Revenues
Revenues
56431000 USD
CY2017Q1 us-gaap Revenues
Revenues
24022000 USD
CY2017Q2 us-gaap Revenues
Revenues
27602000 USD
CY2017Q3 us-gaap Revenues
Revenues
36205000 USD
CY2017Q4 us-gaap Revenues
Revenues
37266000 USD
CY2017 us-gaap Revenues
Revenues
125095000 USD
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
5129000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
13259000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
27268000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
34000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
58000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
76000 USD
CY2017Q4 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
65066000 USD
CY2015 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
9643000 USD
CY2016 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
22889000 USD
CY2017 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
32264000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
401411000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
314836000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
386091000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
34000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
58000 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
76000 USD
CY2015 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
311000 USD
CY2016 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3114000 USD
CY2017 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
17159000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
668426000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
990549000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57105000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
400336000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
668428000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
990551000 USD
CY2015 us-gaap Straight Line Rent
StraightLineRent
2449000 USD
CY2016 us-gaap Straight Line Rent
StraightLineRent
6263000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
10596000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1164000 USD
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1532000 USD
CY2015 us-gaap Tenant Reimbursements
TenantReimbursements
2286000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53679723 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63530999 shares
CY2016 us-gaap Tenant Reimbursements
TenantReimbursements
6732000 USD
CY2017 us-gaap Tenant Reimbursements
TenantReimbursements
19047000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28658495 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71866949 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78742067 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67007124 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86499543 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94925665 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105405297 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119666234 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101731944 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28658495 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53666785 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63514780 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71852230 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78728400 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66991294 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86482927 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94910818 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105388118 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119651271 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101714148 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;">Concentration of Credit Risk and Significant Leases</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had cash on deposit, including restricted cash, in certain financial institutions that had deposits in excess of current federally insured levels; however, the Company has not experienced any losses in such accounts. The Company limits its cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has experienced no loss or lack of access to cash in its accounts. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company owned real estate investments in </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">37</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> MSAs, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">two</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> of which accounted for 10.0% or more of contractual rental revenue. Real estate investments located in the</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> Atlanta-Sandy Springs-Roswell, Georgia MSA and the Oklahoma City, Oklahoma MSA </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">accounted for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">12.1%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">10.0%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, respectively, of contractual rental revenue for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">year</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">no</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> exposure to tenant concentration that accounted for 10.0% or more of contractual rental revenue for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">year</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div></div>
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:18px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-weight:bold;">Organization and Business Operations</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;"> </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Carter Validus Mission Critical REIT II, Inc., or the Company, is a Maryland corporation that was formed on January&#160;11, 2013. The Company elected to be taxed as a real estate investment trust, or a REIT, under the Internal Revenue Code of 1986, as amended, for federal income tax purposes, on September 11, 2015. Substantially all of the Company&#8217;s business is conducted through Carter Validus Operating Partnership II, LP, a Delaware limited partnership, or the Operating Partnership, formed on January&#160;10, 2013. The Company is the sole general partner of the Operating Partnership and Carter Validus Advisors II, LLC, or the Advisor, is the special limited partner of the Operating Partnership. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company commenced the initial public offering of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,350,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock, or the maximum offering amount, consisting of up to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,250,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares in its primary offering and up to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$100,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock to be made available pursuant to the Company&#8217;s distribution reinvestment plan, or the DRIP, on a &#8220;best efforts&#8221; basis, or the Initial Offering, pursuant to a registration statement on Form S-11, or the Registration Statement, filed with the Securities and Exchange Commission, or the SEC, under the Securities Act of 1933, as amended, or the Securities Act, which was declared effective on May 29, 2014. The Company ceased offering shares of common stock pursuant to the Initial Offering on November 24, 2017. At the completion of the Initial Offering, the Company had accepted investors' subscriptions for and issued approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">125,095,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> shares of Class A, Class I and Class T common stock, including shares of common stock issues pursuant to the DRIP, resulting in gross proceeds of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$1,223,803,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">On November 27, 2017, the Company commenced its follow-on offering of up to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$1,000,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock, or the Offering, and collectively with the Initial Offering and the DRIP Offering, the Offerings. Shares of common stock in the Offering are being publicly offered on a "best efforts" basis pursuant to a registration statement on Form S-11, or the Registration Statement, filed with the SEC under the Securities Act.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">On October 13, 2017, the Company registered </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">10,893,246</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> of shares of common stock under the DRIP pursuant to a registration statement on Form S-3, or the DRIP Registration Statement, for a price of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$9.18</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per Class A share, Class I share and Class T share for a proposed maximum offering price of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$100,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock, or the DRIP Offering. The DRIP Registration Statement became automatically effective with the SEC upon filing and the Company commenced offering shares of common stock pursuant to the DRIP Registration Statement on December 1, 2017. On December 6, 2017, the Company filed a post-effective amendment to the DRIP Registration Statement to register </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">10,893,246</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> shares of Class A common stock, Class I common stock, Class T common stock and Class T2 common stock at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$9.18</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per share.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">On June 2, 2017, the Company filed Articles Supplementary to the Second Articles of Amendment and Restatement with the State Department of Assessments and Taxation of Maryland reclassifying a portion of its Class A shares, Class I shares and Class T shares as Class T2 shares. On December 6, 2017, the Company filed Post-Effective Amendment No. 1 to the Registration Statement on Form S-11 to register Class T2 shares of common stock, which was declared effective by the SEC on November 27, 2017.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of March 14, 2018, the Company ceased offering shares of Class T common stock in the Offering. Commencing March 15, 2018, the Company was offering, in any combination with a dollar value up to the maximum offering amount, Class A shares of common stock at a price of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$10.200</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per share, Class I shares of common stock at a price of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$9.273</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per share, and Class T2 shares of common stock at a price of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$9.714</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per share. The offering prices are based on the most recent estimated per share net asset value of each of the Class A common stock, Class I common stock and Class T common stock, and any applicable per share upfront selling commissions and dealer manager fees. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of December&#160;31, 2017, the Company had issued approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">126,560,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> shares of Class&#160;A, Class I and Class T common stock in the Offerings, resulting in receipt of gross proceeds of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$1,237,638,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, before share repurchases of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$20,584,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, selling commissions and dealer manager fees of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$91,898,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and other offering costs of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$23,357,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Substantially all of the Company&#8217;s business is managed by the Advisor. Carter Validus Real Estate Management Services&#160;II, LLC, or the Property Manager, an affiliate of the Advisor, serves as the Company&#8217;s property manager. The Advisor and the Property Manager have received, and will continue to receive, fees for services related to the acquisition and operational stages. The Advisor will also be eligible to receive fees during the liquidation stage. SC Distributors, LLC, an affiliate of the Advisor, or the Dealer Manager, serves as the dealer manager of the Offering. The Dealer Manager has received, and will continue to receive, fees for services related to the Offering.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company was formed to invest primarily in quality income-producing commercial real estate, with a focus on data centers and healthcare properties, preferably with long-term net leases to creditworthy tenants, as well as to make other real estate-related investments that relate to such property types, which may include equity or debt interests, including securities, in other real estate entities. The Company also may originate or invest in real estate-related notes receivable. The Company expects real estate-related notes receivable originations and investments to be focused on first mortgage loans, but also may include real estate-related bridge loans, mezzanine loans and securitized notes receivable. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">53</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> real estate investments, consisting of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">70</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> properties. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Except as the context otherwise requires, &#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; and the &#8220;Company&#8221; refer to Carter Validus Mission Critical REIT&#160;II, Inc., the Operating Partnership and all wholly-owned subsidiaries.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">consolidated</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> financial statements and accompanying notes in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.</font></div></div>

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