2020 Q2 Form 10-Q Financial Statement

#000108065720000051 Filed on August 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2018 Q4
Revenue $6.121M $7.121M $7.670M
YoY Change -14.04% -12.78%
Cost Of Revenue $2.000M $2.530M $2.860M
YoY Change -20.95% -4.89%
Gross Profit $4.120M $4.590M $4.820M
YoY Change -10.24% -16.55%
Gross Profit Margin 67.3% 64.46% 62.84%
Selling, General & Admin $1.280M $1.420M $490.0K
YoY Change -9.86% 4.41%
% of Gross Profit 31.07% 30.94% 10.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.622M $1.749M $2.250M
YoY Change -7.25% -22.81%
% of Gross Profit 39.37% 38.11% 46.68%
Operating Expenses $5.747M $5.695M $2.710M
YoY Change 0.91% -9.4%
Operating Profit $3.276M $4.595M $2.110M
YoY Change -28.71% -16.49%
Interest Expense $2.273M $2.492M -$3.480M
YoY Change -8.77% -20.82%
% of Operating Profit 69.4% 54.23% -164.93%
Other Income/Expense, Net -$1.982M -$2.503M $0.00
YoY Change -20.8% -42.8%
Pretax Income -$1.560M -$880.0K $9.990M
YoY Change 77.27% -63.49%
Income Tax $51.37K $191.8K $290.0K
% Of Pretax Income 2.9%
Net Earnings -$1.923M -$1.260M $9.480M
YoY Change 52.65% -56.53%
Net Earnings / Revenue -31.41% -17.69% 123.6%
Basic Earnings Per Share
Diluted Earnings Per Share -$215.7K -$110.3K $830.1K
COMMON SHARES
Basic Shares Outstanding 17.73M shares 17.67M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.700M $11.70M $9.800M
YoY Change -25.64% -6.4%
Cash & Equivalents $8.658M $11.65M $9.776M
Short-Term Investments
Other Short-Term Assets $500.0K $600.0K $400.0K
YoY Change -16.67% 20.0%
Inventory
Prepaid Expenses
Receivables $1.400M $1.100M $2.800M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.60M $13.40M $13.00M
YoY Change -20.9% 0.75%
LONG-TERM ASSETS
Property, Plant & Equipment $150.8M $168.1M $158.7M
YoY Change -10.29% -22.85%
Goodwill $2.423M $2.423M $2.423M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.00M $38.00M $51.60M
YoY Change -28.95% 100.0%
Total Long-Term Assets $183.6M $214.3M $220.1M
YoY Change -14.33% -13.58%
TOTAL ASSETS
Total Short-Term Assets $10.60M $13.40M $13.00M
Total Long-Term Assets $183.6M $214.3M $220.1M
Total Assets $194.2M $227.7M $233.1M
YoY Change -14.71% -12.85% -8.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $6.900M $5.800M
YoY Change -27.54% -10.39%
Accrued Expenses $1.400M $2.100M $3.100M
YoY Change -33.33% 40.0%
Deferred Revenue
YoY Change
Short-Term Debt $8.300M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.70M $10.10M $10.00M
YoY Change 45.54% 9.78%
LONG-TERM LIABILITIES
Long-Term Debt $125.5M $148.1M $149.7M
YoY Change -15.26% -13.19%
Other Long-Term Liabilities $200.0K $400.0K $500.0K
YoY Change -50.0% -69.23%
Total Long-Term Liabilities $125.7M $148.5M $150.2M
YoY Change -15.35% -13.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.70M $10.10M $10.00M
Total Long-Term Liabilities $125.7M $148.5M $150.2M
Total Liabilities $140.4M $174.7M $176.9M
YoY Change -19.64% -11.43% -12.62%
SHAREHOLDERS EQUITY
Retained Earnings -$116.1M -$115.4M -$111.3M
YoY Change 0.57% -2.03%
Common Stock $153.4M $151.7M $151.6M
YoY Change 1.11% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.40M $36.45M $40.42M
YoY Change
Total Liabilities & Shareholders Equity $194.2M $227.7M $233.1M
YoY Change -14.71% -12.85% -8.43%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.923M -$1.260M $9.480M
YoY Change 52.65% -56.53%
Depreciation, Depletion And Amortization $1.622M $1.749M $2.250M
YoY Change -7.25% -22.81%
Cash From Operating Activities $670.0K $1.090M -$1.830M
YoY Change -38.53% -5550.0%
INVESTING ACTIVITIES
Capital Expenditures -$1.490M -$1.960M -$1.220M
YoY Change -23.98% 221.31%
Acquisitions
YoY Change
Other Investing Activities $1.990M -$2.610M $36.35M
YoY Change -176.25% -1066.67%
Cash From Investing Activities $490.0K -$4.580M $35.14M
YoY Change -110.7% 1247.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.490M 2.290M -35.38M
YoY Change -165.07% -65.82%
NET CHANGE
Cash From Operating Activities 670.0K 1.090M -1.830M
Cash From Investing Activities 490.0K -4.580M 35.14M
Cash From Financing Activities -1.490M 2.290M -35.38M
Net Change In Cash -330.0K -1.200M -2.070M
YoY Change -72.5% -118.93%
FREE CASH FLOW
Cash From Operating Activities $670.0K $1.090M -$1.830M
Capital Expenditures -$1.490M -$1.960M -$1.220M
Free Cash Flow $2.160M $3.050M -$610.0K
YoY Change -29.18% 416.95%

Facts In Submission

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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53066405 USD
us-gaap Profit Loss
ProfitLoss
-2539653 USD
us-gaap Profit Loss
ProfitLoss
-2038611 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3196756 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3959194 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
361243 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
635758 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
51912 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19088 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
324261 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1390634 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
845674 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-675603 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
733024 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400131 USD
sqft Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
25341 USD
sqft Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
30125 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
83586 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
94541 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-160584 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-9267 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-997694 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-947911 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1860992 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1525219 USD
sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
-1717453 USD
sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
-1571491 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200718 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2412882 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6292383 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6116035 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
2382436 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
4660917 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
95151 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
661401 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29383743 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14848959 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
20613773 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3410606 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
7154117 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
9151851 USD
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
24171066 USD
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
10939681 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
5224401 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
900000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
95652 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-210775 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-63530 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
119958 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1075521 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22547777 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3946839 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1733286 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
2700000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1876649 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
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8657989 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11652864 USD
sqft Interest Paid Preferred Stock Series B
InterestPaidPreferredStockSeriesB
0 USD
sqft Interest Paid Preferred Stock Series B
InterestPaidPreferredStockSeriesB
1146872 USD
sqft Interest Paid Mortgage Notes
InterestPaidMortgageNotes
3089554 USD
sqft Interest Paid Mortgage Notes
InterestPaidMortgageNotes
3072901 USD
sqft Interest Paid Notes
InterestPaidNotes
425267 USD
sqft Interest Paid Notes
InterestPaidNotes
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
91037 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Stock Issued1
StockIssued1
1247990 USD
us-gaap Stock Issued1
StockIssued1
0 USD
sqft Number Of Partnerships That Purchase And Lease Back Model Homes From Developers In Which Company Is Limited Partner
NumberOfPartnershipsThatPurchaseAndLeaseBackModelHomesFromDevelopersInWhichCompanyIsLimitedPartner
6 limitedPartnership
sqft Number Of Limited Partnerships In Which Company Is Sole General Partner
NumberOfLimitedPartnershipsInWhichCompanyIsSoleGeneralPartner
2 limitedPartnership
sqft Number Of Partnerships That Purchase And Lease Back Model Homes From Developers In Which Company Is Limited Partner
NumberOfPartnershipsThatPurchaseAndLeaseBackModelHomesFromDevelopersInWhichCompanyIsLimitedPartner
6 limitedPartnership
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 (“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.
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 conformity 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 among 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>
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6000000.0 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
4700000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
5700000 USD
CY2020Q2 sqft Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3 property
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
845000 USD
CY2020Q2 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
176516000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5321296 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4434064 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
887232 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7631488 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5526477 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2105011 USD
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
226000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
310000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
265169 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
372484 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
202479 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17663 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17663 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11774 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
887232 USD
CY2020Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
2127276 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
2680886 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
492775 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
601897 USD
CY2020Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1353841 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1336122 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
115434 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
561375 USD
CY2020Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
172483 USD
CY2019Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
212932 USD
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
316374 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
316374 USD
CY2020Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
371409 USD
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
4949592 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
5709586 USD
CY2020Q2 sqft Notes Payable Including Unamortized Cost
NotesPayableIncludingUnamortizedCost
126442100 USD
CY2019Q4 sqft Notes Payable Including Unamortized Cost
NotesPayableIncludingUnamortizedCost
143459048 USD
CY2020Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
911172 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1066056 USD
CY2020Q2 sqft Mortgage Notes Payable
MortgageNotesPayable
125530928 USD
CY2019Q4 sqft Mortgage Notes Payable
MortgageNotesPayable
142392992 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
7032975 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
29091117 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
18303975 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5419196 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1645496 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
64949341 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
126442100 USD
sqft Maximum Individual Common Stock Ownership
MaximumIndividualCommonStockOwnership
0.098
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1100000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
sqft Stock Issued During Period Put Options Exercised
StockIssuedDuringPeriodPutOptionsExercised
2 option
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1200000 USD
CY2012Q1 sqft Registered Shares Of Common Stock Pursuant To Dividend Reinvestment Plan
RegisteredSharesOfCommonStockPursuantToDividendReinvestmentPlan
3000000 shares
CY2012Q1 sqft Percentage Of Purchase Price Per Common Share
PercentageOfPurchasePricePerCommonShare
0.95
CY2012Q1 sqft Sales Price Per Share Of Stock
SalesPricePerShareOfStock
19.00
CY2012Q1 sqft Payment Of Sales Commission Or Dealer Manager Fee
PaymentOfSalesCommissionOrDealerManagerFee
0 USD
sqft Notice Period For Amendments To Dividend Reinvestment Plan
NoticePeriodForAmendmentsToDividendReinvestmentPlan
P30D
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
17400000 USD
CY2020Q2 sqft Shares Issued Under Dividend Reinvestment Plan
SharesIssuedUnderDividendReinvestmentPlan
917074 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0 shares
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
204000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
203000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
361000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
636000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3275895 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4594985 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
7923955 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9010699 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1278971 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1419668 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2630316 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3180371 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1622230 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1749113 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3196756 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3959194 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
2273355 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
2491870 USD
us-gaap Interest Expense
InterestExpense
4827202 USD
us-gaap Interest Expense
InterestExpense
5037073 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8400 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4409 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1405 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9933 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51369 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
191809 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
135000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
273239 USD
CY2020Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
334096 USD
CY2019Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
176392 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
324261 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1390634 USD
sqft Real Estate Acquisitions
RealEstateAcquisitions
10776952 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-1607534 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-1076674 USD
us-gaap Profit Loss
ProfitLoss
-2539653 USD
us-gaap Profit Loss
ProfitLoss
-2038611 USD
CY2020Q2 us-gaap Assets
Assets
194221128 USD
CY2019Q4 us-gaap Assets
Assets
220784408 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6292383 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6116035 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
2382436 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
4660917 USD
sqft Real Estate Acquisitions
RealEstateAcquisitions
8674819 USD

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