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10-Q Filing

AGREE REALTY CORP CIK: 917251 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001144204-12-026050
Period End Date 20120331
Filing Date 20120504
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance adc-20120331.xml
Filing Contents
Balance Sheet 102 line items
Line Item Tag Value Unit Period
Accounts Receivable - Tenants, allowance for possible losses AllowanceForDoubtfulAccountsReceivable $35.00K USD Point-in-time
Accounts Receivable - Tenants, allowance for possible losses AllowanceForDoubtfulAccountsReceivable $35.00K USD Point-in-time
Financing costs, accumulated amortization AccumulatedAmortizationDeferredFinanceCosts $5.71M USD Point-in-time
Financing costs, accumulated amortization AccumulatedAmortizationDeferredFinanceCosts $5.81M USD Point-in-time
Leasing costs, accumulated amortization DeferredCostsLeasingAccumulatedAmortization $1.21M USD Point-in-time
Land Land $108.67M USD Point-in-time
Leasing costs, accumulated amortization DeferredCostsLeasingAccumulatedAmortization $1.23M USD Point-in-time
Land Land $106.94M USD Point-in-time
Buildings InvestmentBuildingAndBuildingImprovements $225.68M USD Point-in-time
Buildings InvestmentBuildingAndBuildingImprovements $229.82M USD Point-in-time
Lease intangibles costs, accumulated amortization FiniteLivedIntangibleAssetsAccumulatedAmortization $569.74K USD Point-in-time
Lease intangibles costs, accumulated amortization FiniteLivedIntangibleAssetsAccumulatedAmortization $784.01K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $68.59M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $67.56M USD Point-in-time
Property, Plant and Equipment, Net, Total PropertyPlantAndEquipmentNet $269.90M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 13.35M shares Point-in-time
Property, Plant and Equipment, Net, Total PropertyPlantAndEquipmentNet $265.07M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 13.35M shares Point-in-time
Property under development DevelopmentInProcess $1.58M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 9.85M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 11.44M shares Point-in-time
Property under development DevelopmentInProcess $5.49M USD Point-in-time
Net Real Estate Investments RealEstateInvestmentPropertyNet $270.55M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.85M shares Point-in-time
Net Real Estate Investments RealEstateInvestmentPropertyNet $271.48M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 11.44M shares Point-in-time
Excess stock, par value ExcessStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $593.28K USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $799.24K USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $465.32K USD Point-in-time
Excess stock, par value ExcessStockParOrStatedValuePerShare $0.00 USD Point-in-time
Excess stock, shares authorized ExcessStockSharesAuthorized 6.50M shares Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at March 31, 2012 and December 31, 2011 AccountsReceivableNet $604.32K USD Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at March 31, 2012 and December 31, 2011 AccountsReceivableNet $801.68K USD Point-in-time
Excess stock, shares authorized ExcessStockSharesAuthorized 6.50M shares Point-in-time
Excess stock, shares issued ExcessStockSharesIssued 0.00 shares Point-in-time
Excess stock, shares issued ExcessStockSharesIssued 0.00 shares Point-in-time
Excess stock, shares outstanding ExcessStockSharesOutstanding 0.00 shares Point-in-time
Financing costs, net of accumulated amortization of $5,805,800 and $5,707,043 at March 31, 2012 and December 31, 2011, respectively DeferredFinanceCostsNet $1.80M USD Point-in-time
Excess stock, shares outstanding ExcessStockSharesOutstanding 0.00 shares Point-in-time
Financing costs, net of accumulated amortization of $5,805,800 and $5,707,043 at March 31, 2012 and December 31, 2011, respectively DeferredFinanceCostsNet $1.69M USD Point-in-time
Series A junior participating preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Series A junior participating preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Leasing costs, net of accumulated amortization of $1,231,385 and $1,205,985 at March 31, 2012 and December 31, 2011, respectively DeferredCostsLeasingNet $737.97K USD Point-in-time
Leasing costs, net of accumulated amortization of $1,231,385 and $1,205,985 at March 31, 2012 and December 31, 2011, respectively DeferredCostsLeasingNet $713.19K USD Point-in-time
Series A junior participating preferred stock, shares authorized PreferredStockSharesAuthorized 150,000.00 shares Point-in-time
Lease intangibles costs, net of accumulated amortization of $784,015 and $569,737 at March 31, 2012 and December 31, 2011, respectively FiniteLivedIntangibleAssetAcquiredInPlaceLeases $16.15M USD Point-in-time
Series A junior participating preferred stock, shares authorized PreferredStockSharesAuthorized 150,000.00 shares Point-in-time
Lease intangibles costs, net of accumulated amortization of $784,015 and $569,737 at March 31, 2012 and December 31, 2011, respectively FiniteLivedIntangibleAssetAcquiredInPlaceLeases $16.31M USD Point-in-time
Other Assets OtherAssets $1.25M USD Point-in-time
Other Assets OtherAssets $962.97K USD Point-in-time
Series A junior participating preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Series A junior participating preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Total Assets Assets $291.58M USD Point-in-time
Total Assets Assets $293.94M USD Point-in-time
Series A junior participating preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Series A junior participating preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Mortgages Payable SecuredDebt $62.85M USD Point-in-time
Mortgages Payable SecuredDebt $52.94M USD Point-in-time
Notes Payable NotesPayable $56.44M USD Point-in-time
Notes Payable NotesPayable $30.38M USD Point-in-time
Dividends and Distributions Payable DividendsPayableCurrentAndNoncurrent $4.07M USD Point-in-time
Dividends and Distributions Payable DividendsPayableCurrentAndNoncurrent $4.70M USD Point-in-time
Deferred Revenue DeferredRevenue $2.39M USD Point-in-time
Deferred Revenue DeferredRevenue $2.28M USD Point-in-time
Accrued Interest Payable InterestPayableCurrentAndNoncurrent $734.20K USD Point-in-time
Accrued Interest Payable InterestPayableCurrentAndNoncurrent $473.52K USD Point-in-time
Capital expenditures ConstructionPayableCurrentAndNoncurrent $424.32K USD Point-in-time
Capital expenditures ConstructionPayableCurrentAndNoncurrent $54.32K USD Point-in-time
Operating AccountsPayableCurrentAndNoncurrent $3.38M USD Point-in-time
Operating AccountsPayableCurrentAndNoncurrent $1.63M USD Point-in-time
Interest Rate Swap InterestRateDerivativeLiabilitiesAtFairValue $629.46K USD Point-in-time
Interest Rate Swap InterestRateDerivativeLiabilitiesAtFairValue $576.67K USD Point-in-time
Deferred Income Taxes DeferredIncomeTaxLiabilities $705.00K USD Point-in-time
Deferred Income Taxes DeferredIncomeTaxLiabilities $705.00K USD Point-in-time
Tenant Deposits SecurityDepositLiability $82.88K USD Point-in-time
Tenant Deposits SecurityDepositLiability $84.28K USD Point-in-time
Total Liabilities Liabilities $93.82M USD Point-in-time
Total Liabilities Liabilities $131.72M USD Point-in-time
Common stock, $.0001 par value, 13,350,000 shares authorized, 11,435,514 and 9,851,914 shares issued and outstanding, respectively CommonStockValue $1.14K USD Point-in-time
Common stock, $.0001 par value, 13,350,000 shares authorized, 11,435,514 and 9,851,914 shares issued and outstanding, respectively CommonStockValue $985.00 USD Point-in-time
Excess stock, $.0001 par value, 6,500,000 shares authorized, 0 shares issued and outstanding ExcessStock - USD Point-in-time
Excess stock, $.0001 par value, 6,500,000 shares authorized, 0 shares issued and outstanding ExcessStock - USD Point-in-time
Series A junior participating preferred stock, $.0001 par value, 150,000 shares authorized, 0 shares issued and outstanding PreferredStockValue - USD Point-in-time
Series A junior participating preferred stock, $.0001 par value, 150,000 shares authorized, 0 shares issued and outstanding PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $216.52M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $181.07M USD Point-in-time
Deficit RetainedEarningsAccumulatedDeficit $-20.90M USD Point-in-time
Deficit RetainedEarningsAccumulatedDeficit $-20.92M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-555.40K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-606.57K USD Point-in-time
Total Stockholders' Equity - Agree Realty Corporation StockholdersEquity $159.55M USD Point-in-time
Total Stockholders' Equity - Agree Realty Corporation StockholdersEquity $195.07M USD Point-in-time
Non-controlling interest MinorityInterest $2.69M USD Point-in-time
Non-controlling interest MinorityInterest $2.68M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $162.22M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $197.76M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $293.94M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $291.58M USD Point-in-time
Income Statement 62 line items
Line Item Tag Value Unit Period
Other Comprehensive Income, Attributable to Non-Controlling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest $1.62K USD 1 Quarter
Other Comprehensive Income, Attributable to Non-Controlling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest $4.15K USD 1 Quarter
Minimum rents OperatingLeasesIncomeStatementMinimumLeaseRevenue $8.48M USD 1 Quarter
Minimum rents OperatingLeasesIncomeStatementMinimumLeaseRevenue $8.03M USD 1 Quarter
Percentage rents PercentageRent $16.06K USD 1 Quarter
Percentage rents PercentageRent $15.11K USD 1 Quarter
Operating cost reimbursement TenantReimbursements $732.69K USD 1 Quarter
Operating cost reimbursement TenantReimbursements $680.47K USD 1 Quarter
Development fee income ConstructionRevenue $411.42K USD 1 Quarter
Other income OtherIncome $22.49K USD 1 Quarter
Other income OtherIncome $17.23K USD 1 Quarter
Total Revenues Revenues $9.19M USD 1 Quarter
Total Revenues Revenues $9.21M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $577.76K USD 1 Quarter
Real estate taxes RealEstateTaxExpense $605.90K USD 1 Quarter
Property operating expenses DirectCostsOfLeasedAndRentedPropertyOrEquipment $421.21K USD 1 Quarter
Property operating expenses DirectCostsOfLeasedAndRentedPropertyOrEquipment $428.41K USD 1 Quarter
Land lease payments LeaseAndRentalExpense $181.07K USD 1 Quarter
Land lease payments LeaseAndRentalExpense $178.07K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.44M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.41M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.47M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.67M USD 1 Quarter
Total Operating Expenses CostsAndExpenses $4.29M USD 1 Quarter
Total Operating Expenses CostsAndExpenses $4.09M USD 1 Quarter
Income from Operations OperatingIncomeLoss $4.90M USD 1 Quarter
Income from Operations OperatingIncomeLoss $5.12M USD 1 Quarter
Interest expense, net InterestExpense $1.01M USD 1 Quarter
Interest expense, net InterestExpense $1.14M USD 1 Quarter
Income Before Discontinued Operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $3.77M USD 1 Quarter
Income Before Discontinued Operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $4.11M USD 1 Quarter
Gain on sale of assets from discontinued operations DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax $908.16K USD 1 Quarter
Income from discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax $591.78K USD 1 Quarter
Income from discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax $64.98K USD 1 Quarter
Net Income ProfitLoss $4.74M USD 1 Quarter
Net Income ProfitLoss $4.70M USD 1 Quarter
Less Net Income Attributable to Non- Controlling Interest NetIncomeLossAttributableToNoncontrollingInterest $145.56K USD 1 Quarter
Less Net Income Attributable to Non- Controlling Interest NetIncomeLossAttributableToNoncontrollingInterest $160.24K USD 1 Quarter
Net Income Attributable to Agree Realty Corporation NetIncomeLoss $4.54M USD 1 Quarter
Net Income Attributable to Agree Realty Corporation NetIncomeLoss $4.60M USD 1 Quarter
Other Comprehensive Income, Net of $1,621 and $4,153 Attributable to Non-Controlling Interest, respectively OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease $51.17K USD 1 Quarter
Other Comprehensive Income, Net of $1,621 and $4,153 Attributable to Non-Controlling Interest, respectively OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease $117.65K USD 1 Quarter
Total Comprehensive Income Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $4.65M USD 1 Quarter
Total Comprehensive Income Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $4.66M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.34 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.41 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.09 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.06 USD 1 Quarter
Earnings Per Share, Basic, Total EarningsPerShareBasic $0.43 USD 1 Quarter
Earnings Per Share, Basic, Total EarningsPerShareBasic $0.47 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.34 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.41 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.06 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.09 USD 1 Quarter
Earnings Per Share, Diluted, Total EarningsPerShareDiluted $0.43 USD 1 Quarter
Earnings Per Share, Diluted, Total EarningsPerShareDiluted $0.47 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.40 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.40 USD 1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 9.62M shares 1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 10.72M shares 1 Quarter
Weighted Average Number of Common Shares Outstanding - Dilutive WeightedAverageNumberOfDilutedSharesOutstanding 9.65M shares 1 Quarter
Weighted Average Number of Common Shares Outstanding - Dilutive WeightedAverageNumberOfDilutedSharesOutstanding 10.75M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $4.74M USD 1 Quarter
Net income ProfitLoss $4.70M USD 1 Quarter
Depreciation Depreciation $1.50M USD 1 Quarter
Depreciation Depreciation $1.45M USD 1 Quarter
Amortization AdjustmentForAmortization $353.72K USD 1 Quarter
Amortization AdjustmentForAmortization $192.05K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $412.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $359.36K USD 1 Quarter
Gain on sale of assets DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax $908.16K USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $575.54K USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-197.36K USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $288.82K USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-97.81K USD 1 Quarter
(Decrease) increase in accounts payable IncreaseDecreaseInAccountsPayable $-1.76M USD 1 Quarter
(Decrease) increase in accounts payable IncreaseDecreaseInAccountsPayable $-77.16K USD 1 Quarter
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-172.39K USD 1 Quarter
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-115.84K USD 1 Quarter
Increase (decrease) in accrued interest IncreaseDecreaseInInterestPayableNet $-260.68K USD 1 Quarter
Increase (decrease) in accrued interest IncreaseDecreaseInInterestPayableNet $29.25K USD 1 Quarter
Decrease in tenant deposits IncreaseDecreaseInSecurityDeposits $-1.40K USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $3.82M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $6.05M USD 1 Quarter
Acquisition of real estate investments PaymentsToAcquireProductiveAssets $9.73M USD 1 Quarter
Acquisition of real estate investments PaymentsToAcquireProductiveAssets $2.93M USD 1 Quarter
Payment of leasing costs PaymentsToAcquireIntangibleAssets $625.00 USD 1 Quarter
Payment of leasing costs PaymentsToAcquireIntangibleAssets $1.25K USD 1 Quarter
Net proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $627.12K USD 1 Quarter
Net proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $6.52M USD 1 Quarter
Net Cash Provided or (Used) in Investing Activities NetCashProvidedByUsedInInvestingActivities $3.60M USD 1 Quarter
Net Cash Provided or (Used) in Investing Activities NetCashProvidedByUsedInInvestingActivities $-9.10M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $35.04M USD 1 Quarter
Payments of mortgages payable RepaymentsOfSecuredDebt $1.75M USD 1 Quarter
Payments of mortgages payable RepaymentsOfSecuredDebt $739.78K USD 1 Quarter
Line-of-credit borrowings ProceedsFromLinesOfCredit $9.22M USD 1 Quarter
Line-of-credit borrowings ProceedsFromLinesOfCredit $13.94M USD 1 Quarter
Line of credit repayments RepaymentsOfLinesOfCredit $40.00M USD 1 Quarter
Line of credit repayments RepaymentsOfLinesOfCredit $11.47M USD 1 Quarter
Dividends and limited partners' distributions paid PaymentsOfCapitalDistribution $4.08M USD 1 Quarter
Dividends and limited partners' distributions paid PaymentsOfCapitalDistribution $5.15M USD 1 Quarter
Repayments of capital expenditure payables RepaymentsOfOtherDebt $424.32K USD 1 Quarter
Repayments of capital expenditure payables RepaymentsOfOtherDebt $286.08K USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $3.74M USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-9.44M USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $205.96K USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.54M USD 1 Quarter
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $593.28K USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $799.24K USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $465.32K USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue $593.28K USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue $799.24K USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue $465.32K USD Point-in-time
Cash paid for interest (net of amounts capitalized) InterestPaidNet $1.28M USD 1 Quarter
Cash paid for interest (net of amounts capitalized) InterestPaidNet $1.21M USD 1 Quarter
Shares issued under Stock Incentive Plan StockIssued1 $2.17M USD 1 Quarter
Shares issued under Stock Incentive Plan StockIssued1 $2.17M USD 1 Quarter
Dividends and limited partners' distributions declared and unpaid DividendsPayableAmount $4.07M USD Point-in-time
Dividends and limited partners' distributions declared and unpaid DividendsPayableAmount $4.70M USD Point-in-time
Real estate investments financed with accounts payable CapitalExpendituresIncurredButNotYetPaid $54.32K USD 1 Quarter
Real estate investments financed with accounts payable CapitalExpendituresIncurredButNotYetPaid $239.26K USD 1 Quarter
Forgiveness of mortgage debt DebtInstrumentDecreaseForgiveness $9.17M USD 1 Quarter
Stockholders Equity 6 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $162.22M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $197.76M USD Point-in-time
Net income for the period January 1, 2012 to March 31, 2012 ProfitLoss $4.74M USD 1 Quarter
Net income for the period January 1, 2012 to March 31, 2012 ProfitLoss $4.70M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $162.22M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $197.76M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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