10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-038592`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	gmre-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 68 Cash Flow Statement 85 Stockholders Equity 43 Comprehensive Income 27

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$76.83M	USD	Point-in-time
Land	`Land`	$63.71M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$518.45M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$597.03M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$7.67M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$6.88M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$27.37M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$15.36M	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$799.00K	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$733.00K	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$43.15M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$54.70M	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
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$763.60M	USD	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$647.55M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$30.62M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$41.88M	USD	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
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$616.92M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$721.72M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.43M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.66M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$2.90M	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
Tenant receivables	`AccountsReceivableNet`	$3.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$3.52M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$1.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.94M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.65M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$9.35M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$11.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.65M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$322.00K	USD	Point-in-time
Total assets	`Assets`	$636.10M	USD	Point-in-time
Total assets	`Assets`	$750.72M	USD	Point-in-time
Credit facility, net of unamortized discount of $3,784 and $3,922 at June 30, 2019 and December 31, 2018, respectively	`LineOfCredit`	$315.69M	USD	Point-in-time
Credit facility, net of unamortized discount of $3,784 and $3,922 at June 30, 2019 and December 31, 2018, respectively	`LineOfCredit`	$276.35M	USD	Point-in-time
Notes payable, net of unamortized discount of $733 and $799 at June 30, 2019 and December 31, 2018, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Notes payable, net of unamortized discount of $733 and $799 at June 30, 2019 and December 31, 2018, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$4.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$3.66M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$9.08M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$6.98M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$4.15M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$5.88M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.36M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.03M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$9.08M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$3.49M	USD	Point-in-time
Other liability	`OtherLiabilities`	$2.37M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.78M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$2.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$336.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$389.12M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at June 30, 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 June 30, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at June 30, 2019 and December 31, 2018, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 34,653 shares and 25,944 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$35.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 34,653 shares and 25,944 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$322.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$243.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-57.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.29M	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`	$331.18M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.45M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.43M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$636.10M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$750.72M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.24M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$16.84M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$24.80M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$31.98M	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$9.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$45.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$104.00K	USD	2 Qtrs
Total revenue	`Revenues`	$24.81M	USD	2 Qtrs
Total revenue	`Revenues`	$32.08M	USD	2 Qtrs
Total revenue	`Revenues`	$16.88M	USD	1 Quarter
Total revenue	`Revenues`	$13.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.77M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.25M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$1.14M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.78M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$680.00K	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$2.47M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$2.92M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$2.18M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$1.58M	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$1.09M	USD	1 Quarter
Depreciation expense	`Depreciation`	$6.35M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.44M	USD	1 Quarter
Depreciation expense	`Depreciation`	$4.61M	USD	1 Quarter
Depreciation expense	`Depreciation`	$8.47M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$926.00K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.69M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$2.26M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$1.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.16M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.63M	USD	2 Qtrs
Preacquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$56.00K	USD	2 Qtrs
Preacquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$56.00K	USD	1 Quarter
Preacquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$9.00K	USD	1 Quarter
Preacquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$126.00K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$27.57M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$14.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.87M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$21.53M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.50M	USD	2 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	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`	$2.91M	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.00K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00K	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$162.00K	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$103.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.43M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$904.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-64.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$346.00K	USD	2 Qtrs
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	2 Qtrs
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.05	USD	2 Qtrs
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.99M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.56M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.63M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.63M	shares	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.50M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$6.35M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.44M	USD	1 Quarter
Depreciation expense	`Depreciation`	$4.61M	USD	1 Quarter
Depreciation expense	`Depreciation`	$8.47M	USD	2 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$2.26M	USD	2 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$1.69M	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$405.00K	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$294.00K	USD	2 Qtrs
Amortization of deferred financing costs and other	`OtherAmortizationOfDeferredCharges`	$983.00K	USD	2 Qtrs
Amortization of deferred financing costs and other	`OtherAmortizationOfDeferredCharges`	$651.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.24M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.62M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$854.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.05M	USD	1 Quarter
Other	`NoncashMergerRelatedCosts`	$46.00K	USD	2 Qtrs
Other	`NoncashMergerRelatedCosts`	$70.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$1.03M	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$635.00K	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.63M	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.48M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-97.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-37.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.00K	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`	$441.00K	USD	2 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$31.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.92M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.66M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$115.47M	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`	$1.62M	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$298.00K	USD	2 Qtrs
Loans to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-113.00K	USD	2 Qtrs
Loans to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-80.00K	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForConstructionInProcess`	$437.00K	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForConstructionInProcess`	$193.00K	USD	2 Qtrs
Pre-acquisition costs	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$74.00K	USD	2 Qtrs
Pre-acquisition costs	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-118.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.47M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.57M	USD	2 Qtrs
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$75.58M	USD	Point-in-time
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$79.65M	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$144.00K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$144.00K	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfRelatedPartyDebt`	$68.00K	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$103.80M	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$129.95M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$6.50M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$64.60M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.12M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$422.00K	USD	2 Qtrs
Redemption of LTIP Units	`PaymentsToMinorityShareholders`	$263.00K	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-9.29M	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentsOfDividensCommonStockOpAndLtipUnits`	$-13.47M	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$2.91M	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$2.91M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$109.72M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$101.84M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.03M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-927.00K	USD	2 Qtrs
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.19M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.87M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.19M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.87M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$5.59M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$7.52M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$5.83M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$9.08M	USD	2 Qtrs
Initial recognition of lease liability related to right of use asset	`InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset`	$3.14M	USD	2 Qtrs
OP Units issued for property acquisition	`CapitalExpendituresIncurredButNotYetPaid`	$4.74M	USD	2 Qtrs
OP Units issued for property acquisition	`CapitalExpendituresIncurredButNotYetPaid`	$506.00K	USD	2 Qtrs
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	$384.00K	USD	2 Qtrs
LTIP Units and OP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$576.00K	USD	2 Qtrs
Accrued pre acquisition costs for purchase of properties and tenant improvements	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$1.65M	USD	2 Qtrs
Accrued pre acquisition costs for purchase of properties and tenant improvements	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$196.00K	USD	2 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.60M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.50M	USD	2 Qtrs
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$513.00K	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$79.27M	USD	2 Qtrs
LTIP Units and OP Units redeemed for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	2 Qtrs
LTIP Units and OP Units redeemed for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-5.57M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-3.55M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.62M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$854.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.24M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$6.91M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$8.65M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$13.82M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$4.33M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$2.91M	USD	2 Qtrs
Dividends to preferred stockholders	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$2.91M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.75M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$939.00K	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$872.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$525.00K	USD	1 Quarter
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$506.00K	USD	2 Qtrs
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.74M	USD	1 Quarter
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.74M	USD	2 Qtrs
LTIP Units redeemed for cash	`NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable`	$105.00K	USD	1 Quarter
LTIP Units redeemed for cash	`NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable`	$263.00K	USD	2 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$254.74M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$259.01M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.60M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.51M	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.50M	USD	2 Qtrs
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-3.55M	USD	1 Quarter
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-5.57M	USD	2 Qtrs
Decrease in fair value of interest rate swap agreement	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	2 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.57M	USD	2 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.55M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-1.09M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$3.29M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-1.07M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.38M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	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`	$2.91M	USD	2 Qtrs
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-7.00K	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-260.00K	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-402.00K	USD	2 Qtrs
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$28.00K	USD	2 Qtrs
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$346.00K	USD	2 Qtrs
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-2.28M	USD	1 Quarter
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-3.58M	USD	2 Qtrs
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-64.00K	USD	1 Quarter

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