2022 Q3 Form 10-Q Financial Statement

#000143774922020100 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $4.392M $4.321M $4.340M
YoY Change 0.36% -10.85% -21.67%
Cost Of Revenue $1.434M $1.348M $1.444M
YoY Change 1.39% -9.27% -38.03%
Gross Profit $2.958M $2.973M $2.896M
YoY Change -0.13% -11.54% -9.79%
Gross Profit Margin 67.34% 68.8% 66.73%
Selling, General & Admin $1.509M $1.214M $1.864M
YoY Change 2.02% -9.72% 5.92%
% of Gross Profit 51.02% 40.84% 64.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.318M $1.316M $1.293M
YoY Change 0.86% -3.8% -11.41%
% of Gross Profit 44.57% 44.27% 44.67%
Operating Expenses $4.262M $3.878M $3.158M
YoY Change 1.45% -7.63% -1.63%
Operating Profit -$1.304M -$905.5K -$262.0K
YoY Change 5.23% 8.05% -28136330756096100.0%
Interest Expense $1.382M $1.086M -$935.9K
YoY Change 34.07% -10.04% -49.41%
% of Operating Profit
Other Income/Expense, Net $220.7K -$24.53K
YoY Change -136.78% -102.18%
Pretax Income $646.2K $677.3K -$1.079M
YoY Change -367.1% -66.38% -51.41%
Income Tax $295.0K $259.3K -$519.1K
% Of Pretax Income 45.65% 38.28%
Net Earnings -$763.8K -$291.2K -$962.1K
YoY Change -10.34% -134.25% -66.82%
Net Earnings / Revenue -17.39% -6.74% -22.17%
Basic Earnings Per Share -$0.11 -$0.07
Diluted Earnings Per Share -$64.83K -$24.68K -$83.67K
COMMON SHARES
Basic Shares Outstanding 12.37M 11.80M 11.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.42M $22.08M $16.21M
YoY Change -33.99% -24.74% 39.49%
Cash & Equivalents $18.60M $21.10M $14.70M
Short-Term Investments $819.1K $984.2K $1.514M
Other Short-Term Assets $808.3K $776.0K $473.6K
YoY Change 195.45% -24.3% 57.85%
Inventory
Prepaid Expenses
Receivables $203.8K $134.8K $401.9K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.58M $21.98M $15.58M
YoY Change -31.18% -28.18% 26.65%
LONG-TERM ASSETS
Property, Plant & Equipment $120.1M $118.7M $126.5M
YoY Change 3.83% 4.39% 2.64%
Goodwill $2.423M $2.423M $2.423M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $136.5M $136.1M $1.514M
YoY Change 8071.82%
Other Assets $8.018M $7.934M $12.91M
YoY Change -28.84% -32.09% -70.98%
Total Long-Term Assets $269.0M $267.1M $145.6M
YoY Change 101.71% 105.09% -15.96%
TOTAL ASSETS
Total Short-Term Assets $19.58M $21.98M $15.58M
Total Long-Term Assets $269.0M $267.1M $145.6M
Total Assets $288.6M $289.1M $161.2M
YoY Change 78.34% 79.73% -13.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.387M $8.670M $4.585M
YoY Change 99.52% 97.43% -10.1%
Accrued Expenses $1.548M $1.015M $2.016M
YoY Change -2.68% -1.47% -25.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.11M $9.865M $6.781M
YoY Change 71.65% 78.79% -55.68%
LONG-TERM LIABILITIES
Long-Term Debt $94.14M $93.93M $88.86M
YoY Change 9.14% 4.39% -25.95%
Other Long-Term Liabilities $31.96K $45.69K $73.13K
YoY Change -63.2% -53.79% -26.87%
Total Long-Term Liabilities $94.17M $93.98M $88.93M
YoY Change 9.07% 4.33% -25.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.11M $9.865M $6.781M
Total Long-Term Liabilities $94.17M $93.98M $88.93M
Total Liabilities $105.3M $103.8M $95.71M
YoY Change 13.43% 8.63% -29.33%
SHAREHOLDERS EQUITY
Retained Earnings -$137.3M -$135.8M -$130.9M
YoY Change 7.1% 8.09% 7.62%
Common Stock $182.2M $183.1M $186.5M
YoY Change -1.88% 3.49% 19.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.06M $47.50M $55.67M
YoY Change
Total Liabilities & Shareholders Equity $288.6M $289.1M $161.2M
YoY Change 78.34% 79.73% -13.13%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$763.8K -$291.2K -$962.1K
YoY Change -10.34% -134.25% -66.82%
Depreciation, Depletion And Amortization $1.318M $1.316M $1.293M
YoY Change 0.86% -3.8% -11.41%
Cash From Operating Activities $2.348M $518.4K $1.250M
YoY Change 62.43% -54.9% 58.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.107M -$513.3K -$475.1K
YoY Change 40.17% 120.74% 48.48%
Acquisitions
YoY Change
Other Investing Activities -$1.602M $1.708M -$12.60M
YoY Change -30.86% -92.13% -316.1%
Cash From Investing Activities -$2.708M $1.195M -$13.07M
YoY Change -12.81% -94.44% -337.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.138M -3.141M -1.290M
YoY Change -1705.47% 1099.94% -72.95%
NET CHANGE
Cash From Operating Activities 2.348M 518.4K 1.250M
Cash From Investing Activities -2.708M 1.195M -13.07M
Cash From Financing Activities -2.138M -3.141M -1.290M
Net Change In Cash -2.498M -1.428M -13.11M
YoY Change 63.57% -106.38% -957.14%
FREE CASH FLOW
Cash From Operating Activities $2.348M $518.4K $1.250M
Capital Expenditures -$1.107M -$513.3K -$475.1K
Free Cash Flow $3.455M $1.032M $1.725M
YoY Change 54.57% -25.34% 55.41%

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CY2022Q2 us-gaap Profit Loss
ProfitLoss
418046 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1775736 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-830212 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
754203 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1907479 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11799689
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9508363
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11786741
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9508363
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65482620 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
380190 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
764386 usd
CY2022Q1 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
4023113 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
258410 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
60508365 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
418046 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
28037 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1311202 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
539056 usd
CY2022Q2 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
101767 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-459897 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-320691 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50122581 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-2255074 usd
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2034212 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44834500 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-156891 usd
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1009389 usd
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
95836 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-19785 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20489803 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
744884 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
300000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
125850 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1775736 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
371201 usd
sqft Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
0 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2779096 usd
sqft Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
36055 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
27445 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
34450 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-46305 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-170554 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-317942 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
-987636 usd
sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
-1607985 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65249930 usd
us-gaap Profit Loss
ProfitLoss
798236 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2655418 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2797143 usd
us-gaap Share Based Compensation
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568701 usd
us-gaap Share Based Compensation
ShareBasedCompensation
582199 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13416 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2750269 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1433014 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
4646330 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2851800 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
832990 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
332508 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
661247 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
756178 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1111608 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
63456 usd
sqft Payments To Acquire Investments Of Spac Ipo Proceeds Into Trust Account
PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount
134895000 usd
sqft Payments To Acquire Investments Of Spac Ipo Proceeds Into Trust Account
PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount
-0 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
35864 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
73491 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18839913 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
44335436 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121119910 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
40384915 usd
sqft Proceeds From Issuance Of Mortgage Notes Payable
ProceedsFromIssuanceOfMortgageNotesPayable
12590235 usd
sqft Proceeds From Issuance Of Mortgage Notes Payable
ProceedsFromIssuanceOfMortgageNotesPayable
8003807 usd
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
7361659 usd
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
38077499 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
-0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7675598 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3201266 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
214982 usd
sqft Proceeds From Issuance Initial Public Offering Of Spac
ProceedsFromIssuanceInitialPublicOfferingOfSPAC
132250000 usd
sqft Proceeds From Issuance Initial Public Offering Of Spac
ProceedsFromIssuanceInitialPublicOfferingOfSPAC
0 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2614352 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
20489803 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30729 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1078112 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
-0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2609454 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2008184 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
127944663 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22261749 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6364856 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17802475 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14702089 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11540917 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21066945 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29343392 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
35000 usd
sqft Deferred Offering Cost Of Spac Underwriting Commission Payable
DeferredOfferingCostOfSpacUnderwritingCommissionPayable
4628750 usd
sqft Deferred Offering Cost Of Spac Underwriting Commission Payable
DeferredOfferingCostOfSpacUnderwritingCommissionPayable
0 usd
sqft Noncash Financing Items Dividends Payable
NoncashFinancingItemsDividendsPayable
179685 usd
sqft Noncash Financing Items Dividends Payable
NoncashFinancingItemsDividendsPayable
95836 usd
CY2021Q2 sqft Equity Offering Maximum Gross Proceeds
EquityOfferingMaximumGrossProceeds
200000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: Times New Roman; font-size: 10pt; margin: 0pt; text-align: justify;"><b><i>Use of Estimates</i></b>. 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 <em style="font: inherit;"> may </em>differ from those estimates.</p>
CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
14000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
27000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2000 usd
CY2022Q2 sqft Unamortized Deferred Stock Costs
UnamortizedDeferredStockCosts
117000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2022Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1100000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1400000 usd
CY2022Q2 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
100000 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
200000 usd
CY2021Q2 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
100000 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
200000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21100000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14700000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
4300000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
4700000 usd
CY2022Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
13500000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
7300000 usd
CY2021Q4 sqft Unamortized Deferred Stock Costs
UnamortizedDeferredStockCosts
135000 usd
CY2022Q2 sqft Marketable Securities Cost Basis
MarketableSecuritiesCostBasis
1100000 usd
CY2021Q4 sqft Marketable Securities Cost Basis
MarketableSecuritiesCostBasis
1600000 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17107636
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
385274
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17107636
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
385274
CY2022Q2 sqft Number Of States Real Estate Property Is Located
NumberOfStatesRealEstatePropertyIsLocated
3 pure
CY2022Q2 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
125495749 usd
CY2021Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
138064936 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4110139 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3955129 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
155010 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4110139 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3852968 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
257171 usd
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
45685 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
73130 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
100181 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17526 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17526 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15670 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4107 usd
CY2022Q2 sqft Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
155010 usd
CY2022Q2 sqft Number Of Publicly Traded Reit Ss In Which Common Shares Are Owned
NumberOfPubliclyTradedREITSsInWhichCommonSharesAreOwned
13 pure
CY2022Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
989654 usd
CY2022Q2 us-gaap Marketable Securities
MarketableSecurities
984201 usd
CY2021Q4 sqft Number Of Publicly Traded Reit Ss In Which Common Shares Are Owned
NumberOfPubliclyTradedREITSsInWhichCommonSharesAreOwned
19 pure
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1529185 usd
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
1514483 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3949040 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9239243 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20383697 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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28852888 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16719849 usd
CY2022Q2 sqft Longterm Debt Maturities Repayments Of Principal After Year Four
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15505992 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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94650709 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q2 sqft Maximum Individual Common Stock Ownership Percentage
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0.098 pure
CY2012Q1 sqft Registered Shares Of Common Stock Pursuant To Dividend Reinvestment Plan
RegisteredSharesOfCommonStockPursuantToDividendReinvestmentPlan
3000000
CY2012Q1 sqft Common Stock Percentage Of Purchase Price Per Share
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0.95 pure
CY2012Q1 us-gaap Shares Issued Price Per Share
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19.00
CY2012Q1 sqft Payment Of Sales Commission Or Dealer Manager Fee
PaymentOfSalesCommissionOrDealerManagerFee
0 usd
CY2012Q1 sqft Notice Period For Amendments To Dividend Reinvestment Plan
NoticePeriodForAmendmentsToDividendReinvestmentPlan
P30D
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
17400000 usd
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
917074
us-gaap Allocated Share Based Compensation Expense
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600000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2600000 usd
CY2022Q2 sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
1214005 usd
CY2021Q2 sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
1344770 usd
sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
2797696 usd
sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
2882036 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1316193 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1368209 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2655418 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2797143 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
1085860 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
1207036 usd
us-gaap Interest Expense
InterestExpense
2103573 usd
us-gaap Interest Expense
InterestExpense
2791430 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
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93128 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20657 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
166733 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-53443 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
259285 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
238701 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
524524 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
288899 usd
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1227484 usd
CY2021Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2594341 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2750269 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1433014 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
418046 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1775736 usd
us-gaap Profit Loss
ProfitLoss
798236 usd
us-gaap Profit Loss
ProfitLoss
-479338 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
832990 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
332508 usd
sqft Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
5479320 usd
sqft Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
3184308 usd

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