10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-042820`
Period End Date	20180630
Filing Date	20180808
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	gmre-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 73 Cash Flow Statement 92 Stockholders Equity 15

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Notes payable, net of unamortized discount	`DebtInstrumentUnamortizedDiscount`	$930.00K	USD	Point-in-time
Notes payable, net of unamortized discount	`DebtInstrumentUnamortizedDiscount`	$865.00K	USD	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`	10.00M	shares	Point-in-time
Land	`Land`	$42.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Land	`Land`	$55.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$384.34M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$486.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$6.56M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$4.81M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$12.19M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$8.01M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$31.65M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$41.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$602.01M	USD	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$471.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.63M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.63M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$22.03M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$13.59M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$457.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.63M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$579.98M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.63M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.43M	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$1.34M	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$704.00K	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$1.64M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$2.08M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$3.99M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$7.20M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.96M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.28M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$459.00K	USD	Point-in-time
Total assets	`Assets`	$602.03M	USD	Point-in-time
Total assets	`Assets`	$474.57M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$288.35M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$164.90M	USD	Point-in-time
Notes payable, net of unamortized discount of $865 and $930 at June 30, 2018 and December 31, 2017, respectively	`NotesPayable`	$38.61M	USD	Point-in-time
Notes payable, net of unamortized discount of $865 and $930 at June 30, 2018 and December 31, 2017, respectively	`NotesPayable`	$38.55M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$5.49M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.02M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.64M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.94M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$5.05M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$2.13M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$987.00K	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.04M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$1.29M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$215.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$346.51M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2018 and December 31, 2017 (liquidation preference of $77,625 at June 30, 2018 and December 31, 2017)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2018 and December 31, 2017 (liquidation preference of $77,625 at June 30, 2018 and December 31, 2017)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 21,631 shares issued and outstanding at June 30, 2018 and December 31, 2017	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 21,631 shares issued and outstanding at June 30, 2018 and December 31, 2017	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.79M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.43M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.74M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$246.34M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$238.03M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.68M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$17.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$602.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$474.57M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$23.07M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.30M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$6.67M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$12.58M	USD	1 Quarter
Expense recoveries	`RevenueFromReimbursement`	$698.00K	USD	1 Quarter
Expense recoveries	`RevenueFromReimbursement`	$659.00K	USD	1 Quarter
Expense recoveries	`RevenueFromReimbursement`	$1.73M	USD	2 Qtrs
Expense recoveries	`RevenueFromReimbursement`	$698.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$58.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$88.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$9.00K	USD	1 Quarter
Total revenue	`Revenues`	$7.42M	USD	1 Quarter
Total revenue	`Revenues`	$24.81M	USD	2 Qtrs
Total revenue	`Revenues`	$13.25M	USD	1 Quarter
Total revenue	`Revenues`	$12.08M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.77M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.43M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.77M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$770.00K	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$680.00K	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$747.00K	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.78M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$1.26M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$2.18M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$1.06M	USD	Annual
Management fees - related party	`ManagementFeeExpense`	$1.09M	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$628.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$6.35M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.20M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.44M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.69M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$459.00K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$803.00K	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$926.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.09M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.63M	USD	2 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$9.00K	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$536.00K	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$1.48M	USD	2 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$126.00K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$11.87M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$14.02M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$21.53M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$8.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-623.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.91M	USD	2 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Less: Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.00K	USD	1 Quarter
Less: Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Less: Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00K	USD	2 Qtrs
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-623.00K	USD	1 Quarter
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.94M	USD	2 Qtrs
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-64.00K	USD	1 Quarter
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$346.00K	USD	2 Qtrs
Net (loss) income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Net (loss) income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net (loss) income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	2 Qtrs
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.63M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.63M	shares	2 Qtrs
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.64M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.62M	shares	2 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-623.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Depreciation expense	`Depreciation`	$6.35M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.20M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.44M	USD	1 Quarter
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$803.00K	USD	2 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$1.69M	USD	2 Qtrs
Amortization of above (below) market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$-11.00K	USD	2 Qtrs
Amortization of above (below) market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$294.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$983.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$500.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.14M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$721.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.24M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.05M	USD	1 Quarter
Capitalized pre-acquisition costs charged to expense	`NoncashMergerRelatedCosts`	$46.00K	USD	2 Qtrs
Capitalized pre-acquisition costs charged to expense	`NoncashMergerRelatedCosts`	$5.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$635.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$322.00K	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.63M	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.16M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-97.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.40M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.25M	USD	2 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$1.73M	USD	2 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$2.92M	USD	2 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$31.00K	USD	2 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$8.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.92M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$148.47M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$124.87M	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$-249.00K	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$298.00K	USD	2 Qtrs
(Loans to) repayments from related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$40.00K	USD	2 Qtrs
(Loans to) repayments from related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-80.00K	USD	2 Qtrs
Payments for tenant improvements	`PaymentsForConstructionInProcess`	-	USD	2 Qtrs
Payments for tenant improvements	`PaymentsForConstructionInProcess`	$437.00K	USD	2 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-118.00K	USD	2 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-121.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.57M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.06M	USD	2 Qtrs
Net proceeds received from follow-on offering	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds received from follow-on offering	`ProceedsFromIssuanceOfCommonStock`	$29.55M	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$17.00K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$144.00K	USD	2 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$10.00K	USD	2 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	$421.00K	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$141.80M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$129.95M	USD	2 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$25.00M	USD	2 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$6.50M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.12M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.28M	USD	2 Qtrs
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	$263.00K	USD	2 Qtrs
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-7.21M	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-9.29M	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	-	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$2.91M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.44M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$109.72M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-927.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.29M	USD	2 Qtrs
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.32M	USD	Point-in-time
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.19M	USD	Point-in-time
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.61M	USD	Point-in-time
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.32M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.19M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.61M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$2.48M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$5.59M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$5.83M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$3.70M	USD	2 Qtrs
Accrued pre-acquisition costs for purchase of properties and tenant improvements	`TenantImprovementsExpenditureIncurredButNotYetPaid`	$1.65M	USD	2 Qtrs
Accrued pre-acquisition costs for purchase of properties and tenant improvements	`TenantImprovementsExpenditureIncurredButNotYetPaid`	$74.00K	USD	2 Qtrs
Accrued deferred asset costs	`AccruedDeferredAssetCosts`	-	USD	2 Qtrs
Accrued deferred asset costs	`AccruedDeferredAssetCosts`	$572.00K	USD	2 Qtrs
Accrued deferred public offering costs	`AccruedDeferredInitialPublicOfferingCosts`	-	USD	2 Qtrs
Accrued deferred public offering costs	`AccruedDeferredInitialPublicOfferingCosts`	$174.00K	USD	2 Qtrs
Reclassification of deferred follow-on offering costs to additional paid-in capital	`ReclassificationOfDeferredFollowOnOfferingCostsToAdditionalPaidInCapital`	-	USD	2 Qtrs
Reclassification of deferred follow-on offering costs to additional paid-in capital	`ReclassificationOfDeferredFollowOnOfferingCostsToAdditionalPaidInCapital`	$394.00K	USD	2 Qtrs
OP Units issued for noncash transaction	`CapitalExpendituresIncurredButNotYetPaid`	$4.74M	USD	2 Qtrs
OP Units issued for noncash transaction	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balances, December 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances, December 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-1.94M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-623.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.24M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$8.65M	USD	2 Qtrs
Dividends to preferred stockholders	`DividendsPreferredStock`	$2.91M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$939.00K	USD	2 Qtrs
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.74M	USD	2 Qtrs
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$11.53M	USD	Annual
LTIP Units redeemed in cash	`NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable`	$263.00K	USD	2 Qtrs
Balances, June 30, 2018	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances, June 30, 2018	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time

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