2020 Q1 Form 10-Q Financial Statement
#000156792520000034 Filed on May 12, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $41.43M | $46.47M |
YoY Change | -10.85% | 12.53% |
Cost Of Revenue | $11.49M | |
YoY Change | ||
Gross Profit | $29.94M | |
YoY Change | ||
Gross Profit Margin | 72.27% | |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $48.20M | $32.27M |
YoY Change | 49.35% | 23.89% |
Operating Profit | $10.61M | $14.20M |
YoY Change | -25.27% | -6.88% |
Interest Expense | -$11.92M | -$9.835M |
YoY Change | 21.23% | 27.05% |
% of Operating Profit | -112.39% | -69.28% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $5.669M | $4.361M |
YoY Change | 29.99% | -41.88% |
Net Earnings / Revenue | 13.68% | 9.39% |
Basic Earnings Per Share | $0.03 | $0.03 |
Diluted Earnings Per Share | $0.03 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 221.5M shares | 136.2M shares |
Diluted Shares Outstanding | 221.5M shares | 136.2M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $150.5M | $73.73M |
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 | $3.306B | $1.961B |
YoY Change | 68.57% | 7.04% |
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 | $1.613B | $934.4M |
YoY Change | 72.63% | 14.45% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $2.214M | $1.364M |
YoY Change | 62.32% | 6.56% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.693B | $1.027B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.306B | $1.961B |
YoY Change | 68.57% | 7.04% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $5.669M | $4.361M |
YoY Change | 29.99% | -41.88% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $29.93M | $19.95M |
YoY Change | 50.07% | 3.39% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | $0.00 | |
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$10.49M | -$1.179M |
YoY Change | 789.82% | -97.97% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $12.28M | $10.73M |
YoY Change | 14.39% | -141.8% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $62.22M | -$12.95M |
YoY Change | -580.29% | -130.46% |
NET CHANGE | ||
Cash From Operating Activities | $29.93M | $19.95M |
Cash From Investing Activities | -$10.49M | -$1.179M |
Cash From Financing Activities | $62.22M | -$12.95M |
Net Change In Cash | $81.66M | $5.814M |
YoY Change | 1304.54% | 50.15% |
FREE CASH FLOW | ||
Cash From Operating Activities | $29.93M | $19.95M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q1 | cik0001567925 |
Adjustmentsto Additional Paidin Capital Distributionand Servicing Fees
AdjustmentstoAdditionalPaidinCapitalDistributionandServicingFees
|
52000 | USD |
CY2020Q1 | cik0001567925 |
Adjustmentsto Additional Paidin Capital Distributionand Servicing Fees
AdjustmentstoAdditionalPaidinCapitalDistributionandServicingFees
|
33000 | USD |
CY2019Q1 | cik0001567925 |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
156000 | USD |
CY2020Q1 | cik0001567925 |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
969000 | USD |
CY2019Q1 | cik0001567925 |
Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
|
7795000 | USD |
CY2020Q1 | cik0001567925 |
Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
|
10547000 | USD |
CY2019 | cik0001567925 |
Below Market Leases Weighted Average Remaining Life
BelowMarketLeasesWeightedAverageRemainingLife
|
P16Y1M6D | |
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Below Market Leases Weighted Average Remaining Life
BelowMarketLeasesWeightedAverageRemainingLife
|
P15Y9M18D | |
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed In Place Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInPlaceLeases
|
509000 | USD |
CY2020Q1 | cik0001567925 |
Capitalized Acquisition Costs And Fees Additions
CapitalizedAcquisitionCostsAndFeesAdditions
|
205000 | USD |
CY2019Q1 | cik0001567925 |
Deal Costs Incurred But Not Yet Paid
DealCostsIncurredButNotYetPaid
|
802000 | USD |
CY2020Q1 | cik0001567925 |
Deal Costs Incurred But Not Yet Paid
DealCostsIncurredButNotYetPaid
|
6000 | USD |
CY2019Q4 | cik0001567925 |
Debt Issuance Costs Notes Payable Net
DebtIssuanceCostsNotesPayableNet
|
2500000 | USD |
CY2020Q1 | cik0001567925 |
Debt Issuance Costs Notes Payable Net
DebtIssuanceCostsNotesPayableNet
|
2270000 | USD |
CY2019Q4 | cik0001567925 |
Debt Issuance Costs Term Loan Of Credit Facility Net
DebtIssuanceCostsTermLoanOfCreditFacilityNet
|
7385000 | USD |
CY2020Q1 | cik0001567925 |
Debt Issuance Costs Term Loan Of Credit Facility Net
DebtIssuanceCostsTermLoanOfCreditFacilityNet
|
6957000 | USD |
CY2019Q1 | cik0001567925 |
Increase Decrease In Right Of Use Assetsand Operating Lease Liabilities Net
IncreaseDecreaseInRightOfUseAssetsandOperatingLeaseLiabilitiesNet
|
-113000 | USD |
CY2020Q1 | cik0001567925 |
Increase Decrease In Right Of Use Assetsand Operating Lease Liabilities Net
IncreaseDecreaseInRightOfUseAssetsandOperatingLeaseLiabilitiesNet
|
-234000 | USD |
CY2019Q4 | cik0001567925 |
Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
|
2422102000 | USD |
CY2020Q1 | cik0001567925 |
Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
|
2410566000 | USD |
CY2020Q1 | cik0001567925 |
Lessor Operating Lease Lease Notyet Commenced Numberof Development Properties
LessorOperatingLeaseLeaseNotyetCommencedNumberofDevelopmentProperties
|
2 | property |
CY2020Q1 | cik0001567925 |
Lessor Operating Lease Lease Notyet Commenced Numberof Executed Leases
LessorOperatingLeaseLeaseNotyetCommencedNumberofExecutedLeases
|
2 | lease |
CY2019Q4 | cik0001567925 |
Longterm Lineof Credit Gross
LongtermLineofCreditGross
|
908000000 | USD |
CY2020Q1 | cik0001567925 |
Longterm Lineof Credit Gross
LongtermLineofCreditGross
|
1003000000 | USD |
CY2019Q4 | cik0001567925 |
Notes Payable Gross
NotesPayableGross
|
457345000 | USD |
CY2020Q1 | cik0001567925 |
Notes Payable Gross
NotesPayableGross
|
456575000 | USD |
CY2020Q1 | cik0001567925 |
Number Of Metropolitan Statistical Areas In Which Company Owns Rental Property
NumberOfMetropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
|
67 | metropolitan |
CY2020Q1 | cik0001567925 |
Number Of Registration Statements On Form S3
NumberOfRegistrationStatementsOnFormS3
|
2 | registration_statement |
CY2020Q1 | cik0001567925 |
Numberof Ground Leases Without Operating Lease Liabilities
NumberofGroundLeasesWithoutOperatingLeaseLiabilities
|
4 | lease |
CY2020Q1 | cik0001567925 |
Numberof Micropolitan Statistical Areas In Which Company Owns Rental Property
NumberofMicropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
|
2 | micropolitan |
CY2018Q4 | cik0001567925 |
Numberof Public Offerings
NumberofPublicOfferings
|
2 | initial_public_offering |
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Numberof Real Estate Properties Acquired
NumberofRealEstatePropertiesAcquired
|
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CY2019Q1 | cik0001567925 |
Paymentsfor Proceeds From Real Estate Held For Investment And Capital Improvements
PaymentsforProceedsFromRealEstateHeldForInvestmentAndCapitalImprovements
|
1073000 | USD |
CY2020Q1 | cik0001567925 |
Paymentsfor Proceeds From Real Estate Held For Investment And Capital Improvements
PaymentsforProceedsFromRealEstateHeldForInvestmentAndCapitalImprovements
|
10465000 | USD |
CY2020Q1 | cik0001567925 |
Period Of Notice Required For Changes To Share Repurchase Program
PeriodOfNoticeRequiredForChangesToShareRepurchaseProgram
|
P30D | |
CY2020Q1 | cik0001567925 |
Share Repurchase Program Percentageof Outstanding Common Stock Maximum
ShareRepurchaseProgramPercentageofOutstandingCommonStockMaximum
|
0.05 | |
CY2020Q1 | cik0001567925 |
Special Limited Partnership Interest Shareholder Rateof Returnon Investment
SpecialLimitedPartnershipInterestShareholderRateofReturnonInvestment
|
0.08 | |
CY2020Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2020Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2020Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2020Q1 | dei |
Document Fiscal Year Focus
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|
2020 | |
CY2020Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2020-03-31 | |
CY2020Q1 | dei |
Document Type
DocumentType
|
10-Q | |
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Entity Central Index Key
EntityCentralIndexKey
|
0001567925 | |
CY2020Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2020Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2020Q1 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
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CY2020Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2020Q1 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
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CY2020Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Carter Validus Mission Critical REIT II, Inc. | |
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Entity Shell Company
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Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
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Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
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Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
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Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
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Accounts Receivable Net
AccountsReceivableNet
|
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CY2020Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
5217000 | USD |
CY2019Q4 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
5696000 | USD |
CY2020Q1 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
5984000 | USD |
CY2019Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
240946000 | USD |
CY2020Q1 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
261872000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
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CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
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Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P10Y4M24D | |
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Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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|
23000 | USD |
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27000 | USD |
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Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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7000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1232000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1386000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
606000 | USD |
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Amortization Of Financing Costs
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|
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Assets
Assets
|
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Assets
Assets
|
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Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
12332000 | USD |
CY2020Q1 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
13718000 | USD |
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Below Market Lease Net
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|
59538000 | USD |
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Below Market Lease Net
BelowMarketLeaseNet
|
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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|
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
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|
3690000 | USD |
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
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|
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
268000 | USD |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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80230000 | USD |
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161890000 | USD |
CY2019Q1 | us-gaap |
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Common Stock Dividends Per Share Declared
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|
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Construction In Progress Gross
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Cumulative Effect Of New Accounting Principle In Period Of Adoption
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Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
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|
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|
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Depreciation And Amortization
DepreciationAndAmortization
|
27065000 | USD |
CY2019Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | USD |
CY2019Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
884000 | USD |
CY2020Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
0 | USD |
CY2019Q4 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
0 | USD |
CY2019Q4 | us-gaap |
Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
|
5000 | USD |
CY2019Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
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Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
CY2019Q4 | us-gaap |
Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
|
5000 | USD |
CY2020Q1 | us-gaap |
Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
|
0 | USD |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
884000 | USD |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
879000 | USD |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
5588000 | USD |
CY2020Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
25038000 | USD |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
5583000 | USD |
CY2020Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
25038000 | USD |
CY2019Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
5588000 | USD |
CY2020Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
25038000 | USD |
CY2019Q4 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2020Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2020Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
26161000 | USD |
CY2019Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
21196000 | USD |
CY2020Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
26595000 | USD |
CY2019Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
9093000 | USD |
CY2020Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
9067000 | USD |
CY2019Q4 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
9759000 | USD |
CY2020Q1 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
9047000 | USD |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
64164000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
72844000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
285459000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
275421000 | USD |
CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1403000 | USD |
CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3688000 | USD |
CY2019Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2020Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1160000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-290000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-205000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-58000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1713000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2258000 | USD |
CY2019Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
23000 | USD |
CY2020Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
145000 | USD |
CY2019Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-9835000 | USD |
CY2020Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-15319000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
9462000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14720000 | USD |
CY2019Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
5185000 | USD |
CY2020Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
5074000 | USD |
CY2020Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
-9093000 | USD |
CY2019Q4 | us-gaap |
Land
Land
|
343444000 | USD |
CY2020Q1 | us-gaap |
Land
Land
|
344275000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
144536000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
136719000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1224000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1687000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1638000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
231056000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1634000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1634000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
113488000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LessorOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
|
47642000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
2719064000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
235850000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
168078000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
1616361000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
236229000 | USD |
CY2020Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
231490000 | USD |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
1501115000 | USD |
CY2020Q1 | us-gaap |
Liabilities
Liabilities
|
1613012000 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3239534000 | USD |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3305678000 | USD |
CY2019Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
900615000 | USD |
CY2020Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
996043000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1355460000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1450348000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
111116000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
547360000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
282710000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
369209000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
146025000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
3155000 | USD |
CY2020Q1 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
0 | case |
CY2019Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
3494000 | USD |
CY2020Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
5956000 | USD |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
2000 | USD |
CY2020Q1 | us-gaap |
Minority Interest
MinorityInterest
|
2000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-12954000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
62217000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1179000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10491000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
19947000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
29934000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4361000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5669000 | USD |
CY2019Q4 | us-gaap |
Notes Payable
NotesPayable
|
454845000 | USD |
CY2020Q1 | us-gaap |
Notes Payable
NotesPayable
|
454305000 | USD |
CY2019Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2700000 | USD |
CY2020Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2700000 | USD |
CY2020Q1 | us-gaap |
Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
|
17 | lease |
CY2020Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
153 | property |
CY2020Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
32271000 | USD |
CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
48197000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14196000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
20988000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
9128000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
11488000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
31004000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
31048000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
29537000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
29345000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P50Y8M9D | |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P50Y4M24D | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
-3611000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
-20334000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
-2955000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
-20593000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
656000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
-259000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-3611000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-20334000 | USD |
CY2019Q1 | us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
106000 | USD |
CY2020Q1 | us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
126000 | USD |
CY2019Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1073000 | USD |
CY2020Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
5441000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
-100000 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
10733000 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
12277000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
10813000 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
18890000 | USD |
CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
67000 | USD |
CY2020Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1000 | USD |
CY2019Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1036000 | USD |
CY2020Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
845000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
|
0 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
|
5024000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
0 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
5024000 | USD |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2020Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2019Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
86734000 | USD |
CY2020Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
89165000 | USD |
CY2019Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
4709000 | USD |
CY2020Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
2934000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
10000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
95000000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
4361000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
5669000 | USD |
CY2019Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
128304000 | USD |
CY2020Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
145709000 | USD |
CY2019Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
2768462000 | USD |
CY2020Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
2761271000 | USD |
CY2019Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
5513000 | USD |
CY2020Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
9509000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
305000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
770000 | USD |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11167000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11614000 | USD |
CY2019Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
10888000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11414000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
46467000 | USD |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
69185000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
23000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
27000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
10385000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
7731000 | USD |
CY2019Q1 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
10733000 | USD |
CY2020Q1 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
12277000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1738417000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1692664000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1047385000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1026661000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1738419000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1692666000 | USD |
CY2019Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
2674000 | USD |
CY2020Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
5500000 | USD |
CY2019Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
3537000 | USD |
CY2020Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
3789000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
26000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
30000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
136204843 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
221570975 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
136179343 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221540890 | shares |
CY2020Q1 | 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;">March 31, 2020</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. The Company limits its cash investments to financial institutions with high credit standings; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has not experienced a loss or lack of access to cash in its accounts.</font></div></div> | |
CY2020Q1 | 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 11, 2013. The Company elected, and currently qualifies, to be taxed as a real estate investment trust, or a REIT, under the Internal Revenue Code of 1986, as amended, or the Code, for federal income tax purposes. Substantially all of the Company’s business is conducted through Carter Validus Operating Partnership II, LP, a Delaware limited partnership, or the Operating Partnership, formed on January 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 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 leases to creditworthy tenants, as well as to make other real estate-related investments in such property types, which may include equity or debt interests in other real estate entities. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">March 31, 2020</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;">153</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> real estate 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;">The Company raised the equity capital for its real estate investments through </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;"> public offerings, or the Offerings, from May 2014 through November 2018, and the Company has offered shares pursuant to its distribution reinvestment plan, or the DRIP, pursuant to </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;"> Registration Statements on Form S-3 (each, a “DRIP Offering” and together the "DRIP Offerings") since November 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;">On April 11, 2019, the Company, along with Carter Validus Mission Critical REIT, Inc., or REIT I, the Operating Partnership, Carter/Validus Operating Partnership, LP, the operating partnership of REIT I, or CVOP, and Lightning Merger Sub, LLC, a wholly-owned subsidiary of the Company, or Merger Sub, entered into an Agreement and Plan of Merger, or the Merger Agreement. Pursuant to the terms and conditions of the Merger Agreement, on </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">October 4, 2019</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, REIT I merged with and into Merger Sub, or the REIT Merger, with Merger Sub surviving the REIT Merger, or the Surviving Entity, such that following the REIT Merger, the Surviving Entity continues as a wholly-owned subsidiary of the Company. In accordance with the applicable provisions of the Maryland General Corporation Law, the separate existence of REIT I ceased. The combined company after the REIT Merger, or the Combined Company, retained the name “Carter Validus Mission Critical REIT II, Inc.”</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, the “Company” refers to Carter Validus Mission Critical REIT II, Inc., the Operating Partnership and all wholly-owned subsidiaries.</font></div></div> | |
CY2020Q1 | 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;">condensed 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 </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">condensed consolidated</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> 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> |