10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007619`
Period End Date	20220331
Filing Date	20220506
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	gmre-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 37 Cash Flow Statement 74 Stockholders Equity 26 Comprehensive Income 14

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$152.06M	USD	Point-in-time
Land	`Land`	$155.53M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$985.09M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$1.00B	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$19.60M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$19.02M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$58.90M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$60.15M	USD	Point-in-time
Unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$568.00K	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$130.79M	USD	Point-in-time
Unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$607.00K	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$127.93M	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$1.37B	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
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$1.34B	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$143.25M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$157.13M	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
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$1.21B	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$1.20B	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.34M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.55M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.10M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	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, net	`AccountsReceivableNet`	$6.48M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$6.07M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$6.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedParties`	$163.00K	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$451.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$7.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.88M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$5.96M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.40M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$25.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.88M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$26.71M	USD	Point-in-time
Derivative asset	`DerivativeAssets`	$12.69M	USD	Point-in-time
Derivative asset	`DerivativeAssets`	$1.24M	USD	Point-in-time
Goodwill	`Goodwill`	$5.90M	USD	Point-in-time
Goodwill	`Goodwill`	$5.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.34M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.23M	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Total assets	`Assets`	$1.29B	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $7,570 and $8,033 at March 31, 2022 and December 31, 2021, respectively	`LineOfCredit`	$514.57M	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $7,570 and $8,033 at March 31, 2022 and December 31, 2021, respectively	`LineOfCredit`	$529.13M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $568 and $607 at March 31, 2022 and December 31, 2021, respectively	`NotesPayable`	$56.92M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $568 and $607 at March 31, 2022 and December 31, 2021, respectively	`NotesPayable`	$57.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$9.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$10.34M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$15.67M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$15.82M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$4.54M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$4.62M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$7.79M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$1.86M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.09M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.71M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$8.13M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$8.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$625.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$632.88M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at March 31, 2022 and December 31, 2021, 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, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at March 31, 2022 and December 31, 2021, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,400 shares and 64,880 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$65.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,400 shares and 64,880 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$65.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$720.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$711.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-168.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-157.02M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.64M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.76M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$638.00M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$622.78M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$14.62M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$14.79M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeaseLeaseIncome`	$31.85M	USD	1 Quarter
Rental revenue	`OperatingLeaseLeaseIncome`	$27.32M	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$23.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$24.00K	USD	1 Quarter
Total revenue	`Revenues`	$27.35M	USD	1 Quarter
Total revenue	`Revenues`	$31.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$3.69M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$5.37M	USD	1 Quarter
Depreciation expense	`Depreciation`	$7.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.40M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$3.00M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$3.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.04M	USD	1 Quarter
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$66.00K	USD	1 Quarter
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$40.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$27.59M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$24.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.32M	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) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$170.00K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$112.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.76M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.66M	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.67M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.30M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.67M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.30M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Depreciation expense	`Depreciation`	$7.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.40M	USD	1 Quarter
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$2.98M	USD	1 Quarter
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$3.75M	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$199.00K	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$60.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$515.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$425.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.72M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.29M	USD	1 Quarter
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$24.00K	USD	1 Quarter
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$153.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-10.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-29.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$-11.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$407.00K	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.30M	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.40M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$532.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$-551.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-287.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.03M	USD	1 Quarter
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$27.00K	USD	1 Quarter
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$76.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.29M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$24.47M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$43.35M	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$1.28M	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$-300.00K	USD	1 Quarter
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-288.00K	USD	1 Quarter
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-127.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$397.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$556.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.57M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.60M	USD	1 Quarter
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$8.21M	USD	1 Quarter
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$144.31M	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$646.00K	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$456.00K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$190.00K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$282.00K	USD	1 Quarter
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$14.10M	USD	1 Quarter
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$50.10M	USD	1 Quarter
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$151.80M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCost`	$74.00K	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$11.31M	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$14.53M	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`	$28.93M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.59M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$647.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.57M	USD	1 Quarter
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.40M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.75M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.19M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.40M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.75M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.19M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$4.60M	USD	1 Quarter
Cash payments for interest	`InterestPaidNet`	$4.26M	USD	1 Quarter
Accrued dividends payable	`LiabilitiesAssumed1`	$15.82M	USD	1 Quarter
Accrued dividends payable	`LiabilitiesAssumed1`	$14.48M	USD	1 Quarter
Interest rate swap agreements fair value change recognized in other comprehensive income	`ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction`	$-17.39M	USD	1 Quarter
Interest rate swap agreements fair value change recognized in other comprehensive income	`ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction`	$-3.63M	USD	1 Quarter
OP Units and LTIP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$682.00K	USD	1 Quarter
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	$220.00K	USD	1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.84M	USD	1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$244.00K	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time
Net income	`NetIncomeLoss`	$4.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$144.17M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$8.21M	USD	1 Quarter
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$17.39M	USD	1 Quarter
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$3.63M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.72M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$13.73M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$12.46M	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`	$948.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$864.00K	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$17.39M	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$3.63M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$17.39M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.68M	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 income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.21M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$5.17M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$19.01M	USD	1 Quarter

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