10-Q Filing

BROOKFIELD REAL ESTATE INCOME TRUST INC. CIK: 1713407 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001713407-19-000019`
Period End Date	20190630
Filing Date	20190813
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	oak-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 58 Cash Flow Statement 56

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$200.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$270.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$270.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$183.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.18M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.82K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.05B	shares	Point-in-time
Restricted Cash, Current	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	27,000.00	shares	Point-in-time
Restricted Cash, Current	`RestrictedCashCurrent`	$879.13K	USD	Point-in-time
Restricted Cash, Current	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	27,000.00	shares	Point-in-time
Accounts Receivable, Net, Current	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts Receivable, Net, Current	`AccountsReceivableNetCurrent`	$196.51K	USD	Point-in-time
Real Estate Investments, Net	`RealEstateInvestments`	-	USD	Point-in-time
Real Estate Investments, Net	`RealEstateInvestments`	$57.88M	USD	Point-in-time
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate	`MortgageLoansOnRealEstate`	-	USD	Point-in-time
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate	`MortgageLoansOnRealEstate`	$24.28M	USD	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	$881.92K	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$51.03K	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$183.45K	USD	Point-in-time
Total Assets	`Assets`	$87.35M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$102.93K	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$829.65K	USD	Point-in-time
Notes Payable	`NotesPayable`	-	USD	Point-in-time
Notes Payable	`NotesPayable`	$44.09M	USD	Point-in-time
Due to Affiliate	`DueToAffiliateCurrentAndNoncurrent`	$198.18K	USD	Point-in-time
Due to Affiliate	`DueToAffiliateCurrentAndNoncurrent`	$42.17M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$87.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$301.11K	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; no shares issued nor outstanding at January 10, 2018 and June 30, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; no shares issued nor outstanding at January 10, 2018 and June 30, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value per share, 1,000,000,000 shares authorized; 20,000 shares issued and outstanding at January 10, 2018 and June 30, 2018, respectively	`CommonStockValue`	$200.00	USD	Point-in-time
Common stock, $0.01 par value per share, 1,000,000,000 shares authorized; 20,000 shares issued and outstanding at January 10, 2018 and June 30, 2018, respectively	`CommonStockValue`	$270.00	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$250.04K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$199.80K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$288.70K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$199.80K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$199.80K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$271.06K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-367.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.93K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-113.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-538.33K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.29M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$87.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$267.73K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-117.66K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-267.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$175.07K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$200.00K	USD	Point-in-time
Noncontrolling Interest in Variable Interest Entity	`MinorityInterest`	$-1.56M	USD	Point-in-time
Noncontrolling Interest in Variable Interest Entity	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling Interest in Variable Interest Entity	`MinorityInterest`	-	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$183.45K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$87.35M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Operating Leases, Income Statement, Lease Revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.19M	USD	1 Quarter
Operating Leases, Income Statement, Lease Revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.19M	USD	2 Qtrs
Net Income (Loss), Non-Allocated	`NetIncomeLossNonAllocated`	$-113.00K	USD	2 Qtrs
Net Income (Loss), Non-Allocated	`NetIncomeLossNonAllocated`	$-88.07K	USD	1 Quarter
Net Income (Loss), Non-Allocated	`NetIncomeLossNonAllocated`	$-170.44K	USD	1 Quarter
Net Income (Loss), Non-Allocated	`NetIncomeLossNonAllocated`	$-1.12M	USD	1 Quarter
Net Income (Loss), Non-Allocated	`NetIncomeLossNonAllocated`	$-1.29M	USD	2 Qtrs
Total revenues	`Revenues`	-	USD	1 Quarter
Total revenues	`Revenues`	-	USD	2 Qtrs
Total revenues	`Revenues`	$1.23M	USD	2 Qtrs
Total revenues	`Revenues`	$1.23M	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$37.41K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$37.41K	USD	2 Qtrs
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$683.80K	USD	1 Quarter
Interest Expense	`InterestExpense`	$683.80K	USD	2 Qtrs
Interest Expense	`InterestExpense`	-	USD	2 Qtrs
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$161.00	USD	1 Quarter
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$-542.41K	USD	2 Qtrs
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$231.00	USD	2 Qtrs
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$-543.26K	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	-	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$480.37K	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	-	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$480.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$113.23K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$449.40K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$88.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$278.11K	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	-	USD	2 Qtrs
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$1.04M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$1.04M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.97M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.80M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$113.23K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$88.23K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-71.53K	USD	2 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$71.53K	USD	1 Quarter
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-88.07K	USD	1 Quarter
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.22M	USD	2 Qtrs
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.04M	USD	1 Quarter
Net Income (Loss) Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-113.00K	USD	2 Qtrs
Interest and Other Income	`InterestAndOtherIncome`	$161.00	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$140.53K	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$231.00	USD	2 Qtrs
Interest and Other Income	`InterestAndOtherIncome`	$141.39K	USD	2 Qtrs
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-50.66	USD	2 Qtrs
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-5.65	USD	2 Qtrs
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-38.69	USD	1 Quarter
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-4.40	USD	1 Quarter
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27,000.00	shares	1 Quarter
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23,989.00	shares	2 Qtrs
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20,000.00	shares	1 Quarter
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20,000.00	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Restricted Cash, Current	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted Cash, Current	`RestrictedCashCurrent`	$879.13K	USD	Point-in-time
Restricted Cash, Current	`RestrictedCashCurrent`	-	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.82K	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.06M	USD	Point-in-time
Net loss	`ProfitLoss`	$-1.29M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-113.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$469.94K	USD	2 Qtrs
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	$573.33K	USD	2 Qtrs
Restricted Stock or Unit Expense	`RestrictedStockExpense`	-	USD	2 Qtrs
Restricted Stock or Unit Expense	`RestrictedStockExpense`	$38.73K	USD	2 Qtrs
Restricted Stock or Unit Expense	`RestrictedStockExpense`	$21.09K	USD	1 Quarter
Restricted Stock or Unit Expense	`RestrictedStockExpense`	$17.64K	USD	1 Quarter
Amortization of Other Deferred Charges	`OtherAmortizationOfDeferredCharges`	$7.03K	USD	2 Qtrs
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-32.88K	USD	2 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities`	$88.23K	USD	2 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities`	$726.72K	USD	2 Qtrs
Increase (Decrease) in Due to Affiliates, Current	`IncreaseDecreaseInDueToAffiliatesCurrent`	$455.97K	USD	2 Qtrs
Increase (Decrease) in Due to Affiliates, Current	`IncreaseDecreaseInDueToAffiliatesCurrent`	$25.00K	USD	2 Qtrs
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-51.03K	USD	2 Qtrs
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-94.42K	USD	2 Qtrs
Increase (Decrease) in Accounts and Other Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	2 Qtrs
Increase (Decrease) in Accounts and Other Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-196.51K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.18K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$704.57K	USD	2 Qtrs
Payments to Acquire Real Estate	`PaymentsToAcquireRealEstate`	$59.79M	USD	2 Qtrs
Payments to Acquire Real Estate	`PaymentsToAcquireRealEstate`	-	USD	2 Qtrs
Payments to Acquire Loans Held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$24.24M	USD	2 Qtrs
Payments to Acquire Loans Held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	-	USD	2 Qtrs
Payments for Capital Improvements	`PaymentsForCapitalImprovements`	$21.04K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.05M	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from (Repayments of) First Mortgage Bond	`ProceedsFromRepaymentsOfFirstMortgageBond`	$44.40M	USD	2 Qtrs
Proceeds from (Repayments of) First Mortgage Bond	`ProceedsFromRepaymentsOfFirstMortgageBond`	-	USD	2 Qtrs
Proceeds from Lines of Credit	`ProceedsFromLinesOfCredit`	$41.51M	USD	2 Qtrs
Proceeds from Lines of Credit	`ProceedsFromLinesOfCredit`	$14.90	USD	1 Quarter
Proceeds from Lines of Credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Payments of Financing Costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Payments of Financing Costs	`PaymentsOfFinancingCosts`	$318.87K	USD	2 Qtrs
Distributions To Non Controlling Interests	`DistributionsToNonControllingInterests`	$24.11K	USD	2 Qtrs
Distributions To Non Controlling Interests	`DistributionsToNonControllingInterests`	$24.11K	USD	1 Quarter
Distributions To Non Controlling Interests	`DistributionsToNonControllingInterests`	-	USD	2 Qtrs
Proceeds From Noncontrolling Interests	`ProceedsFromNoncontrollingInterests`	$1.66M	USD	2 Qtrs
Proceeds From Noncontrolling Interests	`ProceedsFromNoncontrollingInterests`	-	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$87.23M	USD	2 Qtrs
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.88M	USD	2 Qtrs
Total decrease in cash and cash-equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-94.18K	USD	2 Qtrs
Cash and cash-equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$183.45K	USD	Point-in-time
Cash and cash-equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00K	USD	Point-in-time
Cash and cash-equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.18M	USD	Point-in-time
Cash and cash-equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.82K	USD	Point-in-time
Cash and cash-equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$183.45K	USD	Point-in-time
Cash and cash-equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00K	USD	Point-in-time
Cash and cash-equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.18M	USD	Point-in-time
Cash and cash-equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.82K	USD	Point-in-time

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