10-Q Filing

AGREE REALTY CORP CIK: 917251 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-039350`
Period End Date	20180630
Filing Date	20180723
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	adc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 116 Cash Flow Statement 82 Stockholders Equity 15

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$444.00M	USD	Point-in-time
Land	`Land`	$405.46M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$963.18M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$296.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$868.40M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$308.00K	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$433.00K	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$611.00K	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$85.24M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$93.38M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.31B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$763.00K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$814.00K	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$41.39M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$10.41M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$51.65M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$25.40M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.21B	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.32B	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$11.36M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$13.48M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	$12.26M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	$2.42M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	-	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$7.97M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	31.03M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	31.00M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	31.00M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $308 and $296 for possible losses at June 30, 2018 and December 31, 2017, respectively	`AccountsReceivableNet`	$19.20M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $308 and $296 for possible losses at June 30, 2018 and December 31, 2017, respectively	`AccountsReceivableNet`	$15.48M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	31.03M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Credit facility finance costs, net of accumulated amortization of $611 and $433 at June 30, 2018 and December 31, 2017, respectively	`DeferredFinanceCostsNet`	$972.00K	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $611 and $433 at June 30, 2018 and December 31, 2017, respectively	`DeferredFinanceCostsNet`	$1.17M	USD	Point-in-time
Leasing costs, net of accumulated amortization of $763 and $814 at June 30, 2018 and December 31, 2017, respectively	`DeferredCostsLeasingNet`	$1.58M	USD	Point-in-time
Leasing costs, net of accumulated amortization of $763 and $814 at June 30, 2018 and December 31, 2017, respectively	`DeferredCostsLeasingNet`	$1.49M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $51,645 and $41,390 at June 30, 2018 and December 31, 2017, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$195.16M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $51,645 and $41,390 at June 30, 2018 and December 31, 2017, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$235.78M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.59M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$4.06M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$4.43M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$5.20M	USD	Point-in-time
Total Assets	`Assets`	$1.49B	USD	Point-in-time
Total Assets	`Assets`	$1.61B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$62.14M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$88.27M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$157.90M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.17M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$259.17M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$259.12M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$166.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.95M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.30M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.84M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.84M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$3.50M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$3.41M	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$43.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$354.00K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$6.81M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$10.81M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $13,485 and $11,357 at June 30, 2018 and December 31, 2017, respectively	`BelowMarketLeaseNet`	$30.35M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $13,485 and $11,357 at June 30, 2018 and December 31, 2017, respectively	`BelowMarketLeaseNet`	$27.11M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$242.00K	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	-	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$475.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$475.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$102.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$97.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$702.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$583.44M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 31,033,259 and 31,004,900 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 31,033,259 and 31,004,900 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$935.83M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$936.05M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$32.28M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.76M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.06M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$908.66M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$907.60M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.52M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.53M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$910.12M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$32.13M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$49.17M	USD	2 Qtrs
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$25.16M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$62.87M	USD	2 Qtrs
Percentage rents	`PercentageRent`	$212.00K	USD	2 Qtrs
Percentage rents	`PercentageRent`	-	USD	1 Quarter
Percentage rents	`PercentageRent`	$216.00K	USD	2 Qtrs
Percentage rents	`PercentageRent`	-	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$3.49M	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$7.05M	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$5.22M	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$2.88M	USD	1 Quarter
Other	`OtherIncome`	$137.00K	USD	2 Qtrs
Other	`OtherIncome`	$39.00K	USD	1 Quarter
Other	`OtherIncome`	$92.00K	USD	1 Quarter
Other	`OtherIncome`	$29.00K	USD	2 Qtrs
Total Revenues	`Revenues`	$54.64M	USD	2 Qtrs
Total Revenues	`Revenues`	$35.71M	USD	1 Quarter
Total Revenues	`Revenues`	$70.28M	USD	2 Qtrs
Total Revenues	`Revenues`	$28.08M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$3.84M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$2.03M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$2.62M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$5.00M	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$915.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.71M	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.75M	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.24M	USD	1 Quarter
Land lease expense	`LeaseAndRentalExpense`	$339.00K	USD	2 Qtrs
Land lease expense	`LeaseAndRentalExpense`	$176.00K	USD	1 Quarter
Land lease expense	`LeaseAndRentalExpense`	$163.00K	USD	1 Quarter
Land lease expense	`LeaseAndRentalExpense`	$327.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.05M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.84M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.56M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.73M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$17.78M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$25.45M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$34.70M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$13.18M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$35.58M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$14.90M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$29.19M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$17.93M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.41M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$11.43M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$8.55M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.96M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$4.78M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.43M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$9.52M	USD	2 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$7.03M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$329.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$216.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$207.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$266.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$45.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-49.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Provision for impairment	`AssetImpairmentCharges`	$1.16M	USD	1 Quarter
Provision for impairment	`AssetImpairmentCharges`	$1.16M	USD	2 Qtrs
Provision for impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Provision for impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Net Income	`ProfitLoss`	$29.70M	USD	2 Qtrs
Net Income	`ProfitLoss`	$13.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net Income	`ProfitLoss`	$15.07M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$384.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$145.00K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$329.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$191.00K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$12.92M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$29.38M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.13	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.94	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.12	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Net income	`ProfitLoss`	$29.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$2.71M	USD	2 Qtrs
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-411.00K	USD	1 Quarter
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$792.00K	USD	1 Quarter
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$330.00K	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.86M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.66M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$32.42M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$30.17M	USD	2 Qtrs
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$189.00K	USD	1 Quarter
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$359.00K	USD	2 Qtrs
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$389.00K	USD	2 Qtrs
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$154.00K	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$13.71M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$29.78M	USD	2 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$14.47M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$32.06M	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	30.82M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	30.81M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	26.39M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	26.17M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.22M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.46M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.04M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.24M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$29.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$154.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$292.00K	USD	Point-in-time
Depreciation	`Depreciation`	$9.24M	USD	2 Qtrs
Depreciation	`Depreciation`	$11.63M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$5.49M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$8.93M	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$500.00K	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$486.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.29M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.17M	USD	2 Qtrs
Provision for impairment	`AssetImpairmentCharges`	$1.16M	USD	1 Quarter
Provision for impairment	`AssetImpairmentCharges`	$1.16M	USD	2 Qtrs
Provision for impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Provision for impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$7.03M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.52M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.14M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.78M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-324.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$754.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-4.35M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$444.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$8.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-29.00K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$6.00K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$90.00K	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$2.00K	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$6.00K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$34.67M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$37.04M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$185.57M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$199.61M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $292 in 2018 and $154 in 2017)	`PaymentsToDevelopRealEstateAssets`	$12.83M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $292 in 2018 and $154 in 2017)	`PaymentsToDevelopRealEstateAssets`	$8.82M	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$449.00K	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$10.00K	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$30.39M	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$21.89M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-176.96M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.05M	USD	2 Qtrs
Proceeds/(purchases) from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$-432.00K	USD	2 Qtrs
Proceeds/(purchases) from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$107.99M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.09M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.07M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$166.00M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$158.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$14.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$124.00M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$26.27M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$1.19M	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$359.00K	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$381.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.26M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.93M	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$344.00K	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$361.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$8.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$113.07M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$91.22M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.80M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.22M	USD	2 Qtrs
Cash and cash equivalents and restricted deposits, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.40M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.78M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.99M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.40M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.78M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.99M	USD	Point-in-time
Cash and cash equivalents and restricted deposits, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$10.84M	USD	2 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$13.82M	USD	2 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$368.00K	USD	2 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$254.00K	USD	2 Qtrs
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.65M	USD	2 Qtrs
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$2.40M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$16.95M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$14.64M	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$910.12M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$-432.00K	USD	2 Qtrs
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.07M	USD	2 Qtrs
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	2 Qtrs
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	2 Qtrs
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.29M	USD	2 Qtrs
Dividends and distributions declared for the period	`Dividends`	$33.26M	USD	2 Qtrs
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.71M	USD	2 Qtrs
Net income	`ProfitLoss`	$29.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$910.12M	USD	Point-in-time

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