2020 Q1 Form 10-K Financial Statement

#000108065720000013 Filed on March 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $7.029M $28.64M $7.670M
YoY Change -2.09% -11.45%
Cost Of Revenue $2.380M $10.41M $2.860M
YoY Change -13.77% -4.41%
Gross Profit $4.650M $18.23M $4.820M
YoY Change 5.2% -15.05%
Gross Profit Margin 66.15% 63.65% 62.84%
Selling, General & Admin $1.350M $5.270M $490.0K
YoY Change -23.3% 16.34%
% of Gross Profit 29.03% 28.91% 10.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.575M $7.365M $2.250M
YoY Change -28.76% -19.08%
% of Gross Profit 33.86% 40.4% 46.68%
Operating Expenses $5.307M $23.04M $2.710M
YoY Change -21.2% -6.03%
Operating Profit $4.648M $18.23M $2.110M
YoY Change 5.26% -15.04%
Interest Expense $2.554M $10.65M -$3.480M
YoY Change 0.34% -18.34%
% of Operating Profit 54.94% 58.42% -164.93%
Other Income/Expense, Net -$2.654M -$4.825M $0.00
YoY Change 88.67% 43.15%
Pretax Income -$850.0K $1.380M $9.990M
YoY Change -3.41% -72.23%
Income Tax $83.63K $611.3K $290.0K
% Of Pretax Income 44.29% 2.9%
Net Earnings -$1.107M -$610.2K $9.480M
YoY Change -35.94% -118.03%
Net Earnings / Revenue -15.75% -2.13% 123.6%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$97.20K -$0.03 $830.1K
COMMON SHARES
Basic Shares Outstanding 17.76M shares 17.73M shares 17.67M
Diluted Shares Outstanding 17.91M shares

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.000M $10.40M $9.800M
YoY Change -29.69% 6.12%
Cash & Equivalents $8.983M $10.40M $9.776M
Short-Term Investments
Other Short-Term Assets $500.0K $600.0K $400.0K
YoY Change 150.0% 50.0%
Inventory
Prepaid Expenses
Receivables $900.0K $1.300M $2.800M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.40M $12.30M $13.00M
YoY Change -22.96% -5.38%
LONG-TERM ASSETS
Property, Plant & Equipment $156.2M $157.4M $158.7M
YoY Change -5.56% -0.82%
Goodwill $2.423M $2.423M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.80M $43.30M $51.60M
YoY Change -35.33% -16.09%
Total Long-Term Assets $185.9M $208.5M $220.1M
YoY Change -12.13% -5.27%
TOTAL ASSETS
Total Short-Term Assets $10.40M $12.30M $13.00M
Total Long-Term Assets $185.9M $208.5M $220.1M
Total Assets $196.3M $220.8M $233.1M
YoY Change -12.78% -5.28% -8.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.000M $5.700M $5.800M
YoY Change -21.57% -1.72%
Accrued Expenses $1.900M $3.500M $3.100M
YoY Change -29.63% 12.9%
Deferred Revenue
YoY Change
Short-Term Debt $7.600M $12.20M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.50M $21.40M $10.00M
YoY Change 73.08% 114.0%
LONG-TERM LIABILITIES
Long-Term Debt $127.1M $142.4M $149.7M
YoY Change -12.89% -4.88%
Other Long-Term Liabilities $300.0K $300.0K $500.0K
YoY Change -25.0% -40.0%
Total Long-Term Liabilities $127.4M $142.7M $150.2M
YoY Change -12.92% -4.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.50M $21.40M $10.00M
Total Long-Term Liabilities $127.4M $142.7M $150.2M
Total Liabilities $140.9M $181.6M $176.9M
YoY Change -17.25% 3.24% -12.62%
SHAREHOLDERS EQUITY
Retained Earnings -$114.1M -$111.3M
YoY Change -2.03%
Common Stock $152.0M $151.6M
YoY Change 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.07M $39.20M $40.42M
YoY Change
Total Liabilities & Shareholders Equity $196.3M $220.8M $233.1M
YoY Change -12.78% -5.28% -8.43%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.107M -$610.2K $9.480M
YoY Change -35.94% -118.03%
Depreciation, Depletion And Amortization $1.575M $7.365M $2.250M
YoY Change -28.76% -19.08%
Cash From Operating Activities -$474.1K $3.791M -$1.830M
YoY Change -135.97% 776.61%
INVESTING ACTIVITIES
Capital Expenditures -$890.0K -$6.390M -$1.220M
YoY Change -67.04% 90.18%
Acquisitions
YoY Change
Other Investing Activities $21.01M $18.37M $36.35M
YoY Change 96.72% -36.55%
Cash From Investing Activities $20.12M $11.98M $35.14M
YoY Change 151.93% -53.18%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $2.200M
YoY Change
Common Stock Issuance & Retirement, Net $227.4K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$21.06M -$15.16M -35.38M
YoY Change 237.33% -38.28%
NET CHANGE
Cash From Operating Activities -$474.1K $3.791M -1.830M
Cash From Investing Activities $20.12M $11.98M 35.14M
Cash From Financing Activities -$21.06M -$15.16M -35.38M
Net Change In Cash -$1.409M $615.1K -2.070M
YoY Change -145.99% -58.03%
FREE CASH FLOW
Cash From Operating Activities -$474.1K $3.791M -$1.830M
Capital Expenditures -$890.0K -$6.390M -$1.220M
Free Cash Flow $415.9K $10.18M -$610.0K
YoY Change -89.65% 168.45%

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661401 USD
CY2018 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
714596 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
32073721 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
46991372 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11981047 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
25590578 USD
CY2019 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
15494715 USD
CY2018 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
20510012 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
23176581 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
31374774 USD
CY2019 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
16900000 USD
CY2018 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
13800000 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
153500 USD
CY2019 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
11479237 USD
CY2018 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2019 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
331603 USD
CY2018 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
260872 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
227428 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2158469 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15156923 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24557390 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
615060 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1465640 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9776215 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8310575 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10391275 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9776215 USD
CY2019 sqft Interest Paid Preferred Stock Series B
InterestPaidPreferredStockSeriesB
1859672 USD
CY2018 sqft Interest Paid Preferred Stock Series B
InterestPaidPreferredStockSeriesB
4357694 USD
CY2019 sqft Interest Paid Mortgage Notes
InterestPaidMortgageNotes
6442750 USD
CY2018 sqft Interest Paid Mortgage Notes
InterestPaidMortgageNotes
7806068 USD
CY2019 sqft Interest Paid Notes
InterestPaidNotes
713262 USD
CY2018 sqft Interest Paid Notes
InterestPaidNotes
0 USD
CY2019 sqft Accrual Of Dividends Payable
AccrualOfDividendsPayable
0 USD
CY2018 sqft Accrual Of Dividends Payable
AccrualOfDividendsPayable
1075371 USD
CY2017Q4 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
16 Property
CY2017Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1
CY2019 sqft Number Of Limited Partnerships In Which Company Is Sole General Partner
NumberOfLimitedPartnershipsInWhichCompanyIsSoleGeneralPartner
2 counterparty
CY2019 sqft Number Of Partnerships That Purchase And Leaseback Model Homes From Developers In Which Company Is Limited Partner
NumberOfPartnershipsThatPurchaseAndLeasebackModelHomesFromDevelopersInWhichCompanyIsLimitedPartner
5 counterparty
CY2019 sqft Mortgage Notes Payable Maturing Year
MortgageNotesPayableMaturingYear
2020
CY2019 sqft Mortgage Notes Payable Maturing Year
MortgageNotesPayableMaturingYear
2020
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include the allocation of purchase price paid for property acquisitions between land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates.</span>
CY2019 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
131000 USD
CY2018 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
826000 USD
CY2019 sqft Amortization Of Value Of In Place Leases
AmortizationOfValueOfInPlaceLeases
P10Y
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
413000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
569000 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
274000 USD
CY2018 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
415000 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2019 sqft Depreciation Expese And Amortization Expense Related To Intangibles And Amortization Of Leasing Commissions
DepreciationExpeseAndAmortizationExpenseRelatedToIntangiblesAndAmortizationOfLeasingCommissions
7400000 USD
CY2018 sqft Depreciation Expese And Amortization Expense Related To Intangibles And Amortization Of Leasing Commissions
DepreciationExpeseAndAmortizationExpenseRelatedToIntangiblesAndAmortizationOfLeasingCommissions
9100000 USD
CY2019Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2019 sqft Loss On Federal Deposit Insurance Corporation
LossOnFederalDepositInsuranceCorporation
0 USD
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
8600000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
4700000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
21000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
60000 USD
CY2019Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2054000 USD
CY2018Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2097000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
646000 USD
CY2018 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
510000 USD
CY2019Q4 sqft Unamortized Deferred Stock Costs
UnamortizedDeferredStockCosts
1066000 USD
CY2018Q4 sqft Unamortized Deferred Stock Costs
UnamortizedDeferredStockCosts
1427000 USD
CY2019 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership.
CY2019 sqft Percentage Of Distributed Taxable Income To Qualify As Reit
PercentageOfDistributedTaxableIncomeToQualifyAsReit
0.90
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.19
CY2019 sqft Antidilutive Securities Included In Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesIncludedInComputationOfEarningsPerShareAmount
746517 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
733944 shares
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Reclassifications. </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain reclassifications have been made to the prior year’s consolidated financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of consolidated operations or equity.</span>
CY2019Q4 sqft Operating Lease Liability Gross
OperatingLeaseLiabilityGross
661000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
661000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2105011 USD
CY2019 sqft Disposal Group Including Discontinued Operation Of Real Estate Assets Net
DisposalGroupIncludingDiscontinuedOperationOfRealEstateAssetsNet
25100000 USD
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
6300000 USD
CY2019Q4 sqft Number Of States Real Estate Property Is Located
NumberOfStatesRealEstatePropertyIsLocated
7 Property
CY2019Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
200207000 USD
CY2018Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
211108000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7631488 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5526477 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9026435 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6164961 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2861474 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
310000 USD
CY2018Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
496000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
687974 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
510215 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
360116 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
173785 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
118989 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
253932 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2105011 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
5709586 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
7646207 USD
CY2019Q4 sqft Notes Payable Including Unamortized Cost
NotesPayableIncludingUnamortizedCost
143459048 USD
CY2018Q4 sqft Notes Payable Including Unamortized Cost
NotesPayableIncludingUnamortizedCost
151140916 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1066056 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1426740 USD
CY2019Q4 sqft Mortgage Notes Payable
MortgageNotesPayable
142392992 USD
CY2018Q4 sqft Mortgage Notes Payable
MortgageNotesPayable
149714176 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
29166847 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16892476 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
18472632 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1783291 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
24813868 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
52329934 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
143459048 USD
CY2019 us-gaap Accretion Expense
AccretionExpense
387000 USD
CY2019Q3 sqft Preferred Stock Redemption Extension Fee
PreferredStockRedemptionExtensionFee
307000 USD
CY2017Q3 sqft Debt Instrument Number Of Extension Options
DebtInstrumentNumberOfExtensionOptions
2 Property
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1100000 USD
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1100000 USD
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2012Q1 sqft Registered Shares Of Common Stock Pursuant To Dividend Reinvestment Plan
RegisteredSharesOfCommonStockPursuantToDividendReinvestmentPlan
3000000 shares
CY2012Q1 sqft Percentage Of Purchase Price Per Share
PercentageOfPurchasePricePerShare
0.95
CY2012Q1 sqft Sales Price Per Share Of Stock
SalesPricePerShareOfStock
10.00
CY2012Q1 sqft Payment Of Sales Commission Or Dealer Manager Fee
PaymentOfSalesCommissionOrDealerManagerFee
0 USD
CY2019 sqft Notice Period For Amendments To Dividend Reinvestment Plan
NoticePeriodForAmendmentsToDividendReinvestmentPlan
P30D
CY2019 sqft Dividend Reinvestments
DividendReinvestments
0 USD
CY2019 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
17400000 USD
CY2019 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1834147 shares
CY2019 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
1700000 USD
CY2018 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
2100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
686000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
461000 USD
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
18230537 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
21457294 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5268315 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4532703 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7364688 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9101605 USD
CY2019 us-gaap Interest Expense
InterestExpense
10649646 USD
CY2018 us-gaap Interest Expense
InterestExpense
13041016 USD
CY2019 us-gaap Interest Income Operating
InterestIncomeOperating
141306 USD
CY2018 us-gaap Interest Income Operating
InterestIncomeOperating
55909 USD
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
6319272 USD
CY2018 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
12200138 USD
CY2019 us-gaap Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
0 USD
CY2018 us-gaap Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
1507599 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
532951 USD
CY2019 us-gaap Acquisition Costs
AcquisitionCosts
24269 USD
CY2018 us-gaap Acquisition Costs
AcquisitionCosts
26177 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
611263 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
518567 USD
CY2019 us-gaap Profit Loss
ProfitLoss
772934 USD
CY2018 us-gaap Profit Loss
ProfitLoss
4452723 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
209158266 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
220186759 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10391275 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9776215 USD
CY2019Q4 us-gaap Assets
Assets
220784408 USD
CY2018Q4 us-gaap Assets
Assets
233050040 USD
CY2019 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
13037562 USD
CY2018 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
17326915 USD
CY2019 us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
6393711 USD
CY2018 us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
3359283 USD
CY2019 sqft Real Estate Acquisitions
RealEstateAcquisitions
19431273 USD
CY2018 sqft Real Estate Acquisitions
RealEstateAcquisitions
20686198 USD
CY2019Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
143459000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
36280000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
195491000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
231771000 USD
CY2019Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
31399000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
35884000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
178571000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
245854000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
44114000 USD
CY2019Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1533000 USD
CY2019Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
200207000 USD
CY2018Q4 sqft Real Estate Investment Property And Lease Intangibles At Cost
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
254675874 USD
CY2017Q4 sqft Real Estate Investment Property And Lease Intangibles At Cost
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
274546199 USD
CY2019 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
13037562 USD
CY2018 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
17326915 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
3359283 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
6393711 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
532951 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
29786565 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
40023572 USD
CY2019Q4 sqft Real Estate Investment Property And Lease Intangibles At Cost
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
244320582 USD
CY2018Q4 sqft Real Estate Investment Property And Lease Intangibles At Cost
RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost
254675874 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
43567809 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
40012255 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
6693613 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
8452012 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
6147460 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
4896458 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
44113962 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
43567809 USD
CY2019Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
200206620 USD
CY2018Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
211108065 USD

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