10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013418`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gmre-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 78 Cash Flow Statement 87 Stockholders Equity 48 Comprehensive Income 28

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$375.00K	USD	Point-in-time
Unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$452.00K	USD	Point-in-time
Land	`Land`	$165.24M	USD	Point-in-time
Land	`Land`	$168.31M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$1.04B	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$1.08B	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$21.40M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$22.02M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$66.54M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$65.99M	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
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$148.08M	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$139.72M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$1.48B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$1.43B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$198.22M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$218.11M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$1.29B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.56M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$1.21B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.52M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.44M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.33M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.33M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$7.38M	USD	Point-in-time
Tenant receivables, net	`AccountsReceivableNet`	$8.04M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$9.72M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$7.83M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$26.19M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$29.62M	USD	Point-in-time
Derivative asset	`DerivativeAssets`	$35.86M	USD	Point-in-time
Derivative asset	`DerivativeAssets`	$34.70M	USD	Point-in-time
Goodwill	`Goodwill`	$5.90M	USD	Point-in-time
Goodwill	`Goodwill`	$5.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.55M	USD	Point-in-time
Total assets	`Assets`	$1.39B	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $8,155 and $9,253 at June 30, 2023 and December 31, 2022, respectively	`LineOfCredit`	$636.45M	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $8,155 and $9,253 at June 30, 2023 and December 31, 2022, respectively	`LineOfCredit`	$567.99M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $375 and $452 at June 30, 2023 and December 31, 2022, respectively	`NotesPayable`	$57.67M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $375 and $452 at June 30, 2023 and December 31, 2022, respectively	`NotesPayable`	$57.12M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$15.46M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$13.82M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$15.82M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$16.05M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$5.46M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$4.21M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$12.14M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.36M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$7.61M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$6.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$679.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$744.20M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at June 30, 2023 and December 31, 2022, respectively)	`PreferredStockValue`	$74.96M	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,565 shares and 65,518 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$66.00K	USD	Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 65,565 shares and 65,518 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$66.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$721.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$722.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-198.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-213.74M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.67M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$35.86M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$619.56M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$632.98M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$21.83M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$16.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$628.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$641.39M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.39B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeaseLeaseIncome`	$33.68M	USD	1 Quarter
Rental revenue	`OperatingLeaseLeaseIncome`	$36.32M	USD	1 Quarter
Rental revenue	`OperatingLeaseLeaseIncome`	$72.52M	USD	2 Qtrs
Rental revenue	`OperatingLeaseLeaseIncome`	$65.53M	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$64.00K	USD	2 Qtrs
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$34.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$42.00K	USD	2 Qtrs
Total revenue	`Revenues`	$33.70M	USD	1 Quarter
Total revenue	`Revenues`	$36.35M	USD	1 Quarter
Total revenue	`Revenues`	$72.58M	USD	2 Qtrs
Total revenue	`Revenues`	$65.57M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.27M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.53M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.46M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$7.22M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$14.76M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$11.37M	USD	2 Qtrs
Operating expenses	`OtherGeneralExpense`	$6.00M	USD	1 Quarter
Depreciation expense	`Depreciation`	$10.47M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$19.30M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$20.96M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$7.92M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$4.34M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$8.73M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$4.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.74M	USD	2 Qtrs
Interest expense	`InterestExpense`	$10.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.47M	USD	1 Quarter
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$130.00K	USD	2 Qtrs
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$44.00K	USD	2 Qtrs
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$2.00K	USD	1 Quarter
Preacquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$90.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$29.86M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$69.50M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$57.45M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$34.96M	USD	1 Quarter
Income before gain on sale of investment property	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.08M	USD	2 Qtrs
Income before gain on sale of investment property	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$8.12M	USD	2 Qtrs
Income before gain on sale of investment property	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.83M	USD	1 Quarter
Income before gain on sale of investment property	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.39M	USD	1 Quarter
Gain on sale of investment property	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$12.79M	USD	1 Quarter
Gain on sale of investment property	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$13.27M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.83M	USD	1 Quarter
Net income	`ProfitLoss`	$14.18M	USD	1 Quarter
Net income	`ProfitLoss`	$8.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$16.35M	USD	2 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.91M	USD	2 Qtrs
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`	$1.46M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$313.00K	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$902.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$947.00K	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$143.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.49M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.89M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.24M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.82M	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 - basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Net income (loss) attributable to common stockholders per share - basic	`EarningsPerShareBasic`	$0.19	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.18	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`	$0.19	USD	2 Qtrs
Net income (loss) attributable to common stockholders per share - diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.41M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.53M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.51M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.54M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.54M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.51M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.53M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.41M	shares	2 Qtrs

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.83M	USD	1 Quarter
Net income	`ProfitLoss`	$14.18M	USD	1 Quarter
Net income	`ProfitLoss`	$8.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$16.35M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$10.47M	USD	1 Quarter
Depreciation expense	`Depreciation`	$9.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$19.30M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$20.96M	USD	2 Qtrs
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$8.68M	USD	2 Qtrs
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$7.87M	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$578.00K	USD	2 Qtrs
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$514.00K	USD	2 Qtrs
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$1.20M	USD	2 Qtrs
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$1.03M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.83M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.15M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.29M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.58M	USD	2 Qtrs
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$76.00K	USD	2 Qtrs
Capitalized preacquisition and other costs charged to expense	`NoncashMergerRelatedCosts`	$190.00K	USD	2 Qtrs
Gain on sale of investment property	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$12.79M	USD	1 Quarter
Gain on sale of investment property	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$13.27M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-121.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-45.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$-659.00K	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$119.00K	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.31M	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.73M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$224.00K	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherCurrentAssets`	$-323.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-339.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.62M	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$-1.25M	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$764.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.65M	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`	$442.00K	USD	2 Qtrs
Net proceeds from sale of investment property	`ProceedsFromSaleOfInvestmentProperty`	$68.40M	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$794.00K	USD	2 Qtrs
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-174.00K	USD	2 Qtrs
Advances made to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-191.00K	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$2.33M	USD	2 Qtrs
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$1.51M	USD	2 Qtrs
Leasing commissions	`PaymentsForProceedsFromOtherInvestingActivities`	$371.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$65.07M	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
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$957.00K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$902.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$628.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$552.00K	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$24.60M	USD	2 Qtrs
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$92.50M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$94.16M	USD	2 Qtrs
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$5.00M	USD	2 Qtrs
Repayment of debt issue costs	`PaymentsOfDebtIssuanceCosts`	$7.00K	USD	2 Qtrs
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$29.39M	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`	$63.92M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-103.39M	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`	$-4.67M	USD	2 Qtrs
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79M	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`	$14.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.46M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79M	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`	$14.46M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$16.29M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$9.05M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$15.93M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$16.05M	USD	2 Qtrs
Interest rate swap agreements fair value change recognized in other comprehensive income	`ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction`	$1.19M	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`	$427.00K	USD	2 Qtrs
OP Units and LTIP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$682.00K	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.91M	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.70M	USD	2 Qtrs
OP Units issued for property acquisitions	`StockIssued1`	$5.48M	USD	1 Quarter
OP Units issued for property acquisitions	`StockIssued1`	$5.48M	USD	2 Qtrs
Proceeds from sale of an investment property held in escrow	`EscrowDepositsRelatedToPropertySales`	$990.00K	USD	2 Qtrs
Recognition of lease liability related to right of use asset	`CapitalLeaseObligationsIncurred`	$4.63M	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.42	USD	2 Qtrs
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`	$0.47	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.94	USD	2 Qtrs
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.94	USD	2 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$628.48M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.07M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$641.39M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$652.62M	USD	Point-in-time
Net income	`ProfitLoss`	$3.83M	USD	1 Quarter
Net income	`ProfitLoss`	$14.18M	USD	1 Quarter
Net income	`ProfitLoss`	$8.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$16.35M	USD	2 Qtrs
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$1.77M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$9.98M	USD	2 Qtrs
OP Units issued for property acquisitions	`StockIssued1`	$5.48M	USD	1 Quarter
OP Units issued for property acquisitions	`StockIssued1`	$5.48M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$8.45M	USD	1 Quarter
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`	$1.19M	USD	2 Qtrs
Change in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement`	$5.77M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.15M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.83M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.58M	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 common stockholders	`DividendsCommonStock`	$27.53M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStock`	$13.77M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStock`	$2.91M	USD	2 Qtrs
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 noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$954.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.11M	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.08M	USD	2 Qtrs
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.90M	USD	2 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$628.48M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.07M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.58M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$641.39M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$649.11M	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	`ProfitLoss`	$3.83M	USD	1 Quarter
Net income	`ProfitLoss`	$14.18M	USD	1 Quarter
Net income	`ProfitLoss`	$8.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$16.35M	USD	2 Qtrs
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$23.16M	USD	2 Qtrs
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$1.19M	USD	2 Qtrs
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$8.45M	USD	1 Quarter
Increase in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$5.77M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.45M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$23.16M	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.19M	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.77M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.54M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.63M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$31.28M	USD	2 Qtrs
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.91M	USD	2 Qtrs
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`	$1.46M	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.71M	USD	2 Qtrs
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$491.00K	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.50M	USD	1 Quarter
Less: Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.03M	USD	2 Qtrs
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$7.66M	USD	1 Quarter
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$13.60M	USD	2 Qtrs
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$19.67M	USD	1 Quarter
Comprehensive (loss) income attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$26.66M	USD	2 Qtrs

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