10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-012428`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	gmre-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 72 Cash Flow Statement 84 Stockholders Equity 48 Comprehensive Income 28

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$165.04M	USD	Point-in-time
Land	`Land`	$152.06M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$1.05B	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$985.09M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$19.02M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$20.80M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$62.50M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$58.90M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$146.34M	USD	Point-in-time
Unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$530.00K	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`	$1.34B	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$1.44B	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
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$172.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$143.25M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$1.27B	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`	$5.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.33M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.55M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.55M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$6.07M	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`	$6.07M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$6.19M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedParties`	$337.00K	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
Common stock, shares issued	`CommonStockSharesIssued`	65.52M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$7.71M	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 outstanding	`CommonStockSharesOutstanding`	64.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.52M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$25.42M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$27.73M	USD	Point-in-time
Derivative asset	`DerivativeAssets`	$16.58M	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`	$6.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.23M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $7,113 and $8,033 at June 30, 2022 and December 31, 2021, respectively	`LineOfCredit`	$514.57M	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $7,113 and $8,033 at June 30, 2022 and December 31, 2021, respectively	`LineOfCredit`	$602.99M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $530 and $607 at June 30, 2022 and December 31, 2021, respectively	`NotesPayable`	$56.69M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $530 and $607 at June 30, 2022 and December 31, 2021, respectively	`NotesPayable`	$57.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$10.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$11.92M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$15.93M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$15.67M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$5.30M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$4.54M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$7.79M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.43M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.71M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$7.90M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$8.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$625.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$708.16M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at June 30, 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 June 30, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at June 30, 2022 and December 31, 2021, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,518 shares and 64,880 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$66.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,518 shares and 64,880 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$65.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$711.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$722.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-179.61M	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`	$16.53M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$622.78M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$634.01M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$14.79M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.25M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeaseLeaseIncome`	$33.68M	USD	1 Quarter
Rental revenue	`OperatingLeaseLeaseIncome`	$55.52M	USD	2 Qtrs
Rental revenue	`OperatingLeaseLeaseIncome`	$65.53M	USD	2 Qtrs
Rental revenue	`OperatingLeaseLeaseIncome`	$28.20M	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$42.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$61.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$85.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.00K	USD	1 Quarter
Total revenue	`Revenues`	$28.26M	USD	1 Quarter
Total revenue	`Revenues`	$33.70M	USD	1 Quarter
Total revenue	`Revenues`	$55.61M	USD	2 Qtrs
Total revenue	`Revenues`	$65.57M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.67M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.53M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$11.37M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$6.00M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$3.30M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$6.99M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$16.14M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$9.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$19.30M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$8.29M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$3.13M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$6.14M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$7.92M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$4.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.06M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.20M	USD	2 Qtrs
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$130.00K	USD	2 Qtrs
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$128.00K	USD	2 Qtrs
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$62.00K	USD	1 Quarter
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$90.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$29.86M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$48.12M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$24.10M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$57.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.83M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	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`	$2.91M	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$313.00K	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$268.00K	USD	2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$143.00K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.24M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.55M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.89M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.31M	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - basic	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
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 - basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.41M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.51M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.96M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	61.19M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.41M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.51M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.19M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.96M	shares	2 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.83M	USD	1 Quarter
Depreciation expense	`Depreciation`	$16.14M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$9.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$19.30M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$8.29M	USD	1 Quarter
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$6.10M	USD	2 Qtrs
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$7.87M	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$145.00K	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$514.00K	USD	2 Qtrs
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$930.00K	USD	2 Qtrs
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$1.03M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.29M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.58M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.33M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.61M	USD	1 Quarter
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$190.00K	USD	2 Qtrs
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$84.00K	USD	2 Qtrs
Reserve for uncollectible accounts	`ReserveForUncollectibleReceivables`	$-100.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-45.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-22.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$119.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$-810.00K	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.78M	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.31M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$-323.00K	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$-5.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$862.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.62M	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$764.00K	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$45.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.08M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.92M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$99.92M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$115.55M	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$-1.02M	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$794.00K	USD	2 Qtrs
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-162.00K	USD	2 Qtrs
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-174.00K	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$1.51M	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$1.28M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.39M	USD	2 Qtrs
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$9.98M	USD	2 Qtrs
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$194.46M	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$957.00K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$1.73M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$552.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$446.00K	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$92.50M	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$133.10M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$207.20M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$5.00M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCost`	$6.18M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCost`	$7.00K	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$24.57M	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$29.14M	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`	$84.51M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.92M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.44M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.62M	USD	2 Qtrs
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`	$14.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.37M	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-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.75M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$9.18M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$9.05M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$15.25M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$15.93M	USD	2 Qtrs
Interest rate swap agreements fair value change recognized in other comprehensive income	`ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction`	$-4.43M	USD	2 Qtrs
Interest rate swap agreements fair value change recognized in other comprehensive income	`ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction`	$-23.16M	USD	2 Qtrs
OP Units and LTIP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$751.00K	USD	2 Qtrs
OP Units and LTIP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$682.00K	USD	2 Qtrs
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	$22.00K	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.70M	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$574.00K	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.41	USD	2 Qtrs
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.42	USD	2 Qtrs
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.94	USD	2 Qtrs
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.94	USD	2 Qtrs
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.25M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Net income	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.83M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$9.98M	USD	2 Qtrs
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$50.34M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$1.77M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$194.51M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$5.77M	USD	1 Quarter
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$4.43M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$23.16M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$804.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.58M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.61M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.33M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$13.16M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStock`	$25.62M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$27.49M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$13.76M	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 preferred stockholders	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$2.91M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$954.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$869.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.73M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.90M	USD	2 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.82M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$457.76M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.25M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.83M	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$5.77M	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$804.00K	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$4.43M	USD	2 Qtrs
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$23.16M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.77M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$804.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$23.16M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.43M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.28M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.92M	USD	2 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	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`	$2.91M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$491.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$529.00K	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$202.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.71M	USD	2 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$7.66M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$26.66M	USD	2 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$3.31M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$8.48M	USD	2 Qtrs

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