10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001713407-20-000020`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	oak-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 66 Cash Flow Statement 70 Stockholders Equity 23

Balance Sheet 62 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`	$0.01	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.05B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	15.00M	shares	Point-in-time
Investments in real estate, net	`RealEstateInvestments`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20,000.00	shares	Point-in-time
Investments in real estate, net	`RealEstateInvestments`	$223.34M	USD	Point-in-time
Investments in real estate-related loans, net	`InvestmentsInRealEstateRelatedLoansNet`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.00M	shares	Point-in-time
Investments in real estate-related loans, net	`InvestmentsInRealEstateRelatedLoansNet`	$49.30M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	20,000.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$183.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.31M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$741.60K	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Accounts and other receivables, net	`AccountsandOtherReceivablesNet`	-	USD	Point-in-time
Accounts and other receivables, net	`AccountsandOtherReceivablesNet`	$1.77M	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Other assets	`OtherAssets`	$570.62K	USD	Point-in-time
Total Assets	`Assets`	$183.45K	USD	Point-in-time
Total Assets	`Assets`	$313.49M	USD	Point-in-time
Mortgage loans, net	`MortgageLoansNet`	$158.48M	USD	Point-in-time
Mortgage loans, net	`MortgageLoansNet`	-	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$198.18K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$5.95M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	$57.16K	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	-	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`	$3.58M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$301.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$168.07M	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; no shares issued or outstanding at December 31, 2019 and 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; no shares issued or outstanding at December 31, 2019 and 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value per share, 1,000,000,000 shares authorized; 14,997,217 and 20,000 shares issued and outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	$200.00	USD	Point-in-time
Common stock, $0.01 par value per share, 1,000,000,000 shares authorized; 14,997,217 and 20,000 shares issued and outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	$149.97K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$145.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$250.04K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-367.89K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$140.07M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-117.66K	USD	Point-in-time
Non-controlling interests attributable to third party joint ventures	`MinorityInterest`	$5.35M	USD	Point-in-time
Non-controlling interests attributable to third party joint ventures	`MinorityInterest`	-	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$200.00K	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$145.42M	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-117.66K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$183.45K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$313.49M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	-	USD	Annual
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$7.13M	USD	Annual
Other revenues	`OtherIncome`	$411.70K	USD	Annual
Other revenues	`OtherIncome`	-	USD	Annual
Total revenues	`Revenues`	$2.47M	USD	1 Quarter
Total revenues	`Revenues`	-	USD	1 Quarter
Total revenues	`Revenues`	$161.00	USD	1 Quarter
Total revenues	`Revenues`	$7.54M	USD	Annual
Total revenues	`Revenues`	$1.23M	USD	1 Quarter
Total revenues	`Revenues`	-	USD	Annual
Total revenues	`Revenues`	$1.22K	USD	1 Quarter
Total revenues	`Revenues`	$523.00	USD	1 Quarter
Total revenues	`Revenues`	$70.00	USD	1 Quarter
Total revenues	`Revenues`	$3.84M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.07M	USD	Annual
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.62M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$369.87K	USD	Annual
Organizational expenses	`OrganizationalExpenses`	-	USD	Annual
Organizational expenses	`OrganizationalExpenses`	$885.06K	USD	Annual
Base management fee	`ManagementFeeExpense`	-	USD	Annual
Base management fee	`ManagementFeeExpense`	$107.56K	USD	Annual
Performance participation allocation	`PerformanceParticipationAllocationExpense`	-	USD	Annual
Performance participation allocation	`PerformanceParticipationAllocationExpense`	$200.65K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.01M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	Annual
Total expenses	`CostsAndExpenses`	$10.89M	USD	Annual
Total expenses	`CostsAndExpenses`	$369.87K	USD	Annual
Fees waived	`InvestmentCompanyFeeWaived`	-	USD	Annual
Fees waived	`InvestmentCompanyFeeWaived`	$107.56K	USD	Annual
Net expenses	`CostsandExpensesNet`	$10.79M	USD	Annual
Net expenses	`CostsandExpensesNet`	$369.87K	USD	Annual
Income from real estate-related loans	`InterestLoansRealEstate`	-	USD	Annual
Income from real estate-related loans	`InterestLoansRealEstate`	$2.30M	USD	Annual
Interest income	`InterestIncomeOperating`	$1.98K	USD	Annual
Interest income	`InterestIncomeOperating`	$6.57K	USD	Annual
Interest expense	`InterestExpense`	$4.05M	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$1.98K	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$-1.74M	USD	Annual
Net loss	`ProfitLoss`	$-80.05K	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.07K	USD	1 Quarter
Net loss	`ProfitLoss`	$-174.84K	USD	1 Quarter
Net loss	`ProfitLoss`	$-170.44K	USD	1 Quarter
Net loss	`ProfitLoss`	$-367.89K	USD	Annual
Net loss	`ProfitLoss`	$-1.54M	USD	1 Quarter
Net loss	`ProfitLoss`	$-24.93K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.17M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.99M	USD	Annual
Net loss	`ProfitLoss`	$-1.12M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-265.57K	USD	Annual
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to stockholders	`NetIncomeLoss`	$-367.89K	USD	Annual
Net loss attributable to stockholders	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-2.07M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-88.07K	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-4.72M	USD	Annual
Net loss attributable to stockholders	`NetIncomeLoss`	$-24.93K	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-170.44K	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-80.05K	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-174.84K	USD	1 Quarter
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-4.49	USD	Annual
Net loss per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-18.39	USD	Annual
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.05M	shares	Annual
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20,000.00	shares	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-80.05K	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.07K	USD	1 Quarter
Net loss	`ProfitLoss`	$-174.84K	USD	1 Quarter
Net loss	`ProfitLoss`	$-170.44K	USD	1 Quarter
Net loss	`ProfitLoss`	$-367.89K	USD	Annual
Net loss	`ProfitLoss`	$-1.54M	USD	1 Quarter
Net loss	`ProfitLoss`	$-24.93K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.17M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.99M	USD	Annual
Net loss	`ProfitLoss`	$-1.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.01M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	Annual
Amortization of restricted stock grants	`AmortizationofRestrictedStockGrants`	-	USD	Annual
Amortization of restricted stock grants	`AmortizationofRestrictedStockGrants`	$74.88K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$50.24K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$50.31K	USD	Annual
Amortization of discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$-416.64K	USD	Annual
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$570.62K	USD	Annual
Increase in accounts and other receivables	`IncreaseDecreaseInReceivables`	$1.77M	USD	Annual
Increase in accounts and other receivables	`IncreaseDecreaseInReceivables`	-	USD	Annual
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.14M	USD	Annual
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$102.93K	USD	Annual
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-880.05K	USD	Annual
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-198.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-176.57K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.55K	USD	Annual
Acquisition of real estate	`PaymentsToAcquireRealEstate`	-	USD	Annual
Acquisition of real estate	`PaymentsToAcquireRealEstate`	$233.19M	USD	Annual
Purchase of real estate-related loans	`PaymentstoAcquireRealEstateRelatedLoans`	-	USD	Annual
Purchase of real estate-related loans	`PaymentstoAcquireRealEstateRelatedLoans`	$48.88M	USD	Annual
Building improvements	`PaymentsForTenantImprovements`	-	USD	Annual
Building improvements	`PaymentsForTenantImprovements`	$972.45K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-283.05M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Borrowings from mortgage loans	`ProceedsFromBorrowingsFromMortgageLoans`	$159.41M	USD	Annual
Borrowings from mortgage loans	`ProceedsFromBorrowingsFromMortgageLoans`	-	USD	Annual
Proceeds from affiliate line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from affiliate line of credit	`ProceedsFromLinesOfCredit`	$106.39M	USD	Annual
Repayments of affiliate line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayments of affiliate line of credit	`RepaymentsOfLinesOfCredit`	$19.51M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$984.46K	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$63.17M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$131.15K	USD	Annual
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	-	USD	Annual
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	-	USD	Annual
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$5.74M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$314.09M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.87M	USD	Annual
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.55K	USD	Annual
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.05M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00K	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.45K	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.05M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00K	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.45K	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.05M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00K	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.45K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.82M	USD	Annual
Line of credit repayment through issuance of Class I shares	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	Annual
Line of credit repayment through issuance of Class I shares	`ProceedsFromRepaymentsOfLinesOfCredit`	$-86.88M	USD	Annual
Accrued distributions	`AccruedDistributions`	$339.34K	USD	Annual
Accrued distributions	`AccruedDistributions`	-	USD	Annual
Accrued stockholder servicing fee	`AccruedStockholderServicingFee`	-	USD	Annual
Accrued stockholder servicing fee	`AccruedStockholderServicingFee`	$35.81K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$200.00K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$145.42M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-117.66K	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$74.88K	USD	Annual
Common stock issued (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	20,000.00	shares	Annual
Common stock issued (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	14.97M	shares	Annual
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$91.19M	USD	Annual
Contributions	`IncreasefromContributions`	$5.74M	USD	Annual
Distributions	`DecreasefromDistributions`	$470.48K	USD	Annual
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$4.88M	USD	Annual
Net loss	`ProfitLoss`	$-80.05K	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.07K	USD	1 Quarter
Net loss	`ProfitLoss`	$-174.84K	USD	1 Quarter
Net loss	`ProfitLoss`	$-170.44K	USD	1 Quarter
Net loss	`ProfitLoss`	$-367.89K	USD	Annual
Net loss	`ProfitLoss`	$-1.54M	USD	1 Quarter
Net loss	`ProfitLoss`	$-24.93K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.17M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.99M	USD	Annual
Net loss	`ProfitLoss`	$-1.12M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$200.00K	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$145.42M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-117.66K	USD	Point-in-time

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