10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-024875`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	gmre-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 34 Cash Flow Statement 87 Stockholders Equity 23 Comprehensive Income 14

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$63.71M	USD	Point-in-time
Land	`Land`	$68.33M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$518.45M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$533.43M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$6.88M	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$766.00K	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$799.00K	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$6.98M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$16.21M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$15.36M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$43.99M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$43.15M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$668.93M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$647.55M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$30.62M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$35.77M	USD	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
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$616.92M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$633.16M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.46M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.94M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$3.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.55M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$2.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.55M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.94M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$1.75M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$3.30M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$10.36M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$9.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$322.00K	USD	Point-in-time
Total assets	`Assets`	$656.69M	USD	Point-in-time
Total assets	`Assets`	$636.10M	USD	Point-in-time
Credit facility, net of unamortized discount of $3,682 and $3,922 at March 31, 2019 and December 31, 2018, respectively	`LineOfCredit`	$276.35M	USD	Point-in-time
Credit facility, net of unamortized discount of $3,682 and $3,922 at March 31, 2019 and December 31, 2018, respectively	`LineOfCredit`	$219.99M	USD	Point-in-time
Notes payable, net of unamortized discount of $766 and $799 at March 31, 2019 and December 31, 2018, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Notes payable, net of unamortized discount of $766 and $799 at March 31, 2019 and December 31, 2018, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$3.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$3.66M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$6.98M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$8.98M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$4.12M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$4.15M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.10M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.03M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$5.52M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$3.49M	USD	Point-in-time
Other liability	`OtherLiabilities`	$2.37M	USD	Point-in-time
Other liability	`OtherLiabilities`	-	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.03M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$336.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$286.13M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at March 31, 2019 and December 31, 2018, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at March 31, 2019 and December 31, 2018, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 34,555 shares and 25,944 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$35.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 34,555 shares and 25,944 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$322.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$243.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.72M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$269.30M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$340.22M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.45M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$656.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$636.10M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$15.14M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.56M	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$59.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.00K	USD	1 Quarter
Total revenue	`Revenues`	$15.20M	USD	1 Quarter
Total revenue	`Revenues`	$11.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.32M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.10M	USD	1 Quarter
Management fees related party	`ManagementFeeExpense`	$1.08M	USD	1 Quarter
Management fees related party	`ManagementFeeExpense`	$1.33M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.87M	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.91M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.00M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$765.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.03M	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$117.00K	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$13.16M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$9.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$35.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$60.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$528.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$411.00K	USD	1 Quarter
Net income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net income attributable to common stockholders per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.63M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.38M	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.87M	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.91M	USD	1 Quarter
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$1.00M	USD	1 Quarter
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$765.00K	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$113.00K	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$219.00K	USD	1 Quarter
Amortization of deferred financing costs and other	`AmortizationOfDeferredCharges`	$313.00K	USD	1 Quarter
Amortization of deferred financing costs and other	`AmortizationOfDeferredCharges`	$430.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$182.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$771.00K	USD	1 Quarter
Other	`NoncashMergerRelatedCosts`	$33.00K	USD	1 Quarter
Other	`NoncashMergerRelatedCosts`	$4.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$654.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$549.00K	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.18M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-86.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-32.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-634.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.83M	USD	1 Quarter
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$2.78M	USD	1 Quarter
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$-30.00K	USD	1 Quarter
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$17.00K	USD	1 Quarter
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$192.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.29M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$20.84M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$65.56M	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$798.00K	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$1.47M	USD	1 Quarter
Loan repayments made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	-	USD	1 Quarter
Loan repayments made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-122.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForConstructionInProcess`	$9.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForConstructionInProcess`	$133.00K	USD	1 Quarter
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$211.00K	USD	1 Quarter
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-246.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.66M	USD	1 Quarter
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$75.92M	USD	Point-in-time
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$78.94M	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$72.00K	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$72.00K	USD	1 Quarter
Borrowings repaid to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-18.00K	USD	1 Quarter
Borrowings repaid to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of note payable from third party	`RepaymentsOfRelatedPartyDebt`	$35.00K	USD	1 Quarter
Repayment of note payable from third party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from credit facility	`ProceedsFromLongTermLinesOfCredit`	$6.20M	USD	1 Quarter
Proceeds from credit facility	`ProceedsFromLongTermLinesOfCredit`	$68.75M	USD	1 Quarter
Repayment of credit facility borrowings	`RepaymentsOfLongTermLinesOfCredit`	$4.50M	USD	1 Quarter
Repayment of credit facility borrowings	`RepaymentsOfLongTermLinesOfCredit`	$62.80M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$29.00K	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$753.00K	USD	1 Quarter
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	$158.00K	USD	1 Quarter
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-4.55M	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-5.78M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$1.46M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$1.46M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.24M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.53M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$287.00K	USD	1 Quarter
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.40M	USD	Point-in-time
Cash and cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	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 cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.40M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11M	USD	Point-in-time
Cash and cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$3.71M	USD	1 Quarter
Cash payments for interest	`InterestPaidNet`	$2.25M	USD	1 Quarter
Accrued dividend payable	`LiabilitiesAssumed1`	$5.71M	USD	1 Quarter
Accrued dividend payable	`LiabilitiesAssumed1`	$8.98M	USD	1 Quarter
Initial recognition of lease liability related to right of use asset	`InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset`	-	USD	1 Quarter
Initial recognition of lease liability related to right of use asset	`InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset`	$2.35M	USD	1 Quarter
OP Units issued for property acquisition	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
OP Units issued for property acquisition	`CapitalExpendituresIncurredButNotYetPaid`	$506.00K	USD	1 Quarter
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	$190.00K	USD	1 Quarter
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	-	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`UnitsConvertedToCommonStock`	-	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$576.00K	USD	1 Quarter
Accrued pre-acquisition costs for purchase of properties and construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Accrued pre-acquisition costs for purchase of properties and construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$271.00K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$78.75M	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-2.02M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$771.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$182.00K	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$6.91M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$4.33M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$874.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$414.00K	USD	1 Quarter
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$506.00K	USD	1 Quarter
LTIP Units redeemed for cash	`NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable`	$158.00K	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Decrease in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	1 Quarter
Decrease in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-2.02M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.02M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.90M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-142.00K	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$35.00K	USD	1 Quarter
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-1.29M	USD	1 Quarter
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$411.00K	USD	1 Quarter

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