10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-057616`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	gmre-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 72 Cash Flow Statement 98 Stockholders Equity 18 Comprehensive Income 28

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$56.84M	USD	Point-in-time
Land	`Land`	$42.70M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$384.34M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$493.50M	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$930.00K	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$4.81M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$6.71M	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$832.00K	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$14.33M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$8.01M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$41.65M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$31.65M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$613.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$471.51M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$26.84M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$13.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	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
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$586.20M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$457.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.04M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$817.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.63M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$704.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.00M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$1.74M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$1.64M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$2.63M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.63M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.00M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$3.99M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$8.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$459.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.11M	USD	Point-in-time
Total assets	`Assets`	$604.09M	USD	Point-in-time
Total assets	`Assets`	$471.82M	USD	Point-in-time
Revolving credit facility, net of unamortized discount of $4,127 and $2,750 at September 30, 2018 and December 31, 2017, respectively	`LineOfCredit`	$162.15M	USD	Point-in-time
Revolving credit facility, net of unamortized discount of $4,127 and $2,750 at September 30, 2018 and December 31, 2017, respectively	`LineOfCredit`	$293.27M	USD	Point-in-time
Notes payable, net of unamortized discount of $832 and $930 at September 30, 2018 and December 31, 2017, respectively	`NotesPayable`	$38.55M	USD	Point-in-time
Notes payable, net of unamortized discount of $832 and $930 at September 30, 2018 and December 31, 2017, respectively	`NotesPayable`	$38.64M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.02M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$4.42M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.64M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$6.11M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$2.13M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$3.93M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.04M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.03M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$1.29M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$212.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$349.44M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at September 30, 2018 and December 31, 2017 (liquidation preference of $77,625 at September 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 September 30, 2018 and December 31, 2017 (liquidation preference of $77,625 at September 30, 2018 and December 31, 2017)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 22,003 shares and 21,631 shares issued and outstanding at September 30, 2018 and December 31, 2017	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 22,003 shares and 21,631 shares issued and outstanding at September 30, 2018 and December 31, 2017	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$208.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-109.00K	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`	$236.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$17.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$471.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$604.09M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$7.92M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.11M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$36.18M	USD	3 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$19.22M	USD	3 Qtrs
Expense recoveries	`RevenueFromReimbursement`	$1.14M	USD	3 Qtrs
Expense recoveries	`RevenueFromReimbursement`	$444.00K	USD	1 Quarter
Expense recoveries	`RevenueFromReimbursement`	$884.00K	USD	1 Quarter
Expense recoveries	`RevenueFromReimbursement`	$2.61M	USD	3 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$112.00K	USD	3 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$27.00K	USD	3 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$23.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.00K	USD	1 Quarter
Total revenue	`Revenues`	$38.82M	USD	3 Qtrs
Total revenue	`Revenues`	$14.00M	USD	1 Quarter
Total revenue	`Revenues`	$8.39M	USD	1 Quarter
Total revenue	`Revenues`	$20.47M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.42M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$990.00K	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.24M	USD	3 Qtrs
Operating expenses	`OtherGeneralExpense`	$941.00K	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$2.73M	USD	3 Qtrs
Operating expenses	`OtherGeneralExpense`	$464.00K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$804.00K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$2.06M	USD	3 Qtrs
Management fees - related party	`ManagementFeeExpense`	$3.28M	USD	3 Qtrs
Management fees - related party	`ManagementFeeExpense`	$1.10M	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.18M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.96M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$5.37M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$3.61M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.33M	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	$523.00K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$953.00K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$2.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.27M	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.68M	USD	3 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$652.00K	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$294.00K	USD	3 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$2.13M	USD	3 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$168.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.76M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$7.78M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$21.81M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$12.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.33M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.77M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$606.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.06M	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$259.00K	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$259.00K	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$4.37M	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.00K	USD	3 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.00K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.00K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$59.00K	USD	3 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$632.00K	USD	3 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$381.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$286.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.56M	USD	3 Qtrs
Net income (loss) attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Net income (loss) attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net income (loss) attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	3 Qtrs
Net income (loss) attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	3 Qtrs
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.52M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.80M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.69M	shares	3 Qtrs
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.94M	shares	3 Qtrs

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.33M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.77M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$606.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.06M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$2.18M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.96M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$5.37M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$3.61M	USD	1 Quarter
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$1.33M	USD	3 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$2.65M	USD	3 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$484.00K	USD	3 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$14.00K	USD	3 Qtrs
Amortization of deferred financing costs and other	`AmortizationOfDeferredCharges`	$1.33M	USD	3 Qtrs
Amortization of deferred financing costs and other	`AmortizationOfDeferredCharges`	$840.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.98M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.48M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$741.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$340.00K	USD	1 Quarter
Advisory expense settled in OP Units	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Advisory expense settled in OP Units	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$77.00K	USD	3 Qtrs
Capitalized pre-acquisition costs charged to expense	`NoncashMergerRelatedCosts`	$132.00K	USD	3 Qtrs
Capitalized pre-acquisition costs charged to expense	`NoncashMergerRelatedCosts`	-	USD	3 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$404.00K	USD	3 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$1.04M	USD	3 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.60M	USD	3 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.22M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$22.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$126.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.43M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.62M	USD	3 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$1.80M	USD	3 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$1.34M	USD	1 Quarter
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$1.49M	USD	3 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$183.00K	USD	3 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$41.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.42M	USD	3 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$213.53M	USD	3 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$133.85M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$133.85M	USD	3 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$774.00K	USD	3 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$60.00K	USD	3 Qtrs
(Loans to) repayments from related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$38.00K	USD	3 Qtrs
(Loans to) repayments from related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-49.00K	USD	3 Qtrs
Payments for tenant improvements	`PaymentsForConstructionInProcess`	$2.01M	USD	3 Qtrs
Payments for tenant improvements	`PaymentsForConstructionInProcess`	-	USD	3 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-51.00K	USD	3 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-257.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-213.51M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.43M	USD	3 Qtrs
Net proceeds received from preferred stock offering	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Net proceeds received from preferred stock offering	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$75.15M	USD	3 Qtrs
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$33.80M	USD	3 Qtrs
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$3.21M	USD	3 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$24.00K	USD	3 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$216.00K	USD	3 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	$421.00K	USD	3 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$205.40M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$142.90M	USD	3 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$107.00M	USD	3 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$10.40M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.79M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.75M	USD	3 Qtrs
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	$263.00K	USD	3 Qtrs
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-14.07M	USD	3 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-10.81M	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	-	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$4.37M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$114.04M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$193.29M	USD	3 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.29M	USD	3 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.79M	USD	3 Qtrs
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.82M	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`	$8.82M	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`	$3.82M	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`	$8.82M	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`	$9.11M	USD	3 Qtrs
Cash payments for interest	`InterestPaidNet`	$3.93M	USD	3 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$6.00M	USD	3 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$4.77M	USD	3 Qtrs
Reclassification of common stock offering costs to additional paid-in capital	`ReclassificationOfCommonStockOfferingCostToAdditionalPaidInCapitalNonCashOrPartialNonCashTransaction`	$443.00K	USD	3 Qtrs
Reclassification of common stock offering costs to additional paid-in capital	`ReclassificationOfCommonStockOfferingCostToAdditionalPaidInCapitalNonCashOrPartialNonCashTransaction`	$302.00K	USD	3 Qtrs
Accrued pre-acquisition costs for purchase of properties and tenant improvements	`TenantImprovementsExpenditureIncurredButNotYetPaid`	$774.00K	USD	3 Qtrs
Accrued pre-acquisition costs for purchase of properties and tenant improvements	`TenantImprovementsExpenditureIncurredButNotYetPaid`	-	USD	3 Qtrs
OP Units issued for noncash transaction	`CapitalExpendituresIncurredButNotYetPaid`	$4.74M	USD	3 Qtrs
OP Units issued for noncash transaction	`CapitalExpendituresIncurredButNotYetPaid`	$1.00M	USD	3 Qtrs
Accrued preferred stock offering costs	`AccruedOfferingCostsPreferredStock`	$188.00K	USD	3 Qtrs
Accrued preferred stock offering costs	`AccruedOfferingCostsPreferredStock`	-	USD	3 Qtrs
Reclassification of preferred stock offering costs to preferred stock balance	`ReclassificationOfPreferredStockOfferingCostToPreferredStockValueNonCashOrPartialNonCashTransaction`	$221.00K	USD	3 Qtrs
Reclassification of preferred stock offering costs to preferred stock balance	`ReclassificationOfPreferredStockOfferingCostToPreferredStockValueNonCashOrPartialNonCashTransaction`	-	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balances, December 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances, December 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.66M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-1.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$606.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.06M	USD	3 Qtrs
Issuance of shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$3.45M	USD	3 Qtrs
Reclassification of deferred offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$302.00K	USD	3 Qtrs
Change in fair value of interest rate swap	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-109.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.98M	USD	3 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$13.05M	USD	3 Qtrs
Dividends to preferred stockholders	`DividendsPreferredStock`	$4.37M	USD	3 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.49M	USD	3 Qtrs
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$11.53M	USD	Annual
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.74M	USD	3 Qtrs
LTIP Units redeemed in cash	`NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable`	$263.00K	USD	3 Qtrs
Balances, September 30, 2018	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances, September 30, 2018	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.66M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.33M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.77M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$606.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.06M	USD	3 Qtrs
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-109.00K	USD	1 Quarter
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	3 Qtrs
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	1 Quarter
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-109.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-109.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-109.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$606.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$4.95M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.66M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.33M	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$259.00K	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$259.00K	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$4.37M	USD	3 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.00K	USD	1 Quarter
Less: Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$48.00K	USD	3 Qtrs
Less: Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-34.00K	USD	1 Quarter
Less: Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-34.00K	USD	3 Qtrs
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$381.00K	USD	1 Quarter
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$188.00K	USD	1 Quarter
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-1.56M	USD	3 Qtrs
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$534.00K	USD	3 Qtrs

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