10-Q Filing

NETSTREIT CORP. CIK: 1798100 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001798100-21-000042`
Period End Date	20210630
Filing Date	20210729
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	ntst-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 102 Cash Flow Statement 96 Stockholders Equity 30

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
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	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Land	`Land`	$233.07M	USD	Point-in-time
Land	`Land`	$189.37M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$358.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.20M	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$479.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.20M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCostExcludingPropertyUnderDevelopment`	$547.73M	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCostExcludingPropertyUnderDevelopment`	$712.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.53M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$18.65M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$10.11M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	-	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$5.32M	USD	Point-in-time
Real estate held for investment, net	`RealEstateInvestmentPropertyNet`	$699.59M	USD	Point-in-time
Real estate held for investment, net	`RealEstateInvestmentPropertyNet`	$537.62M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$14.80M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$16.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.14M	USD	Point-in-time
Lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$99.62M	USD	Point-in-time
Lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$75.02M	USD	Point-in-time
Other assets, net	`OtherAssets`	$8.96M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.72M	USD	Point-in-time
Total assets	`Assets`	$913.01M	USD	Point-in-time
Total assets	`Assets`	$725.82M	USD	Point-in-time
Term loan, net	`SecuredDebt`	$174.22M	USD	Point-in-time
Term loan, net	`SecuredDebt`	$174.10M	USD	Point-in-time
Lease intangible liabilities, net	`BelowMarketLeaseNet`	$16.93M	USD	Point-in-time
Lease intangible liabilities, net	`BelowMarketLeaseNet`	$22.19M	USD	Point-in-time
Liabilities related to assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$402.00K	USD	Point-in-time
Liabilities related to assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$399.00K	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.31M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$203.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$197.74M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 400,000,000 shares authorized; 39,525,978 and 28,203,545 shares issued and outstanding, respectively	`CommonStockValue`	$395.00K	USD	Point-in-time
Common stock, $0.01 par value, 400,000,000 shares authorized; 39,525,978 and 28,203,545 shares issued and outstanding, respectively	`CommonStockValue`	$282.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$704.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$501.05M	USD	Point-in-time
Distributions in excess of retained earnings	`RetainedEarningsAccumulatedDeficit`	$-7.46M	USD	Point-in-time
Distributions in excess of retained earnings	`RetainedEarningsAccumulatedDeficit`	$-23.14M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.18M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$235.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$494.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$683.71M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$25.77M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$33.98M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$709.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.13M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$252.43M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$725.82M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$913.01M	USD	Point-in-time

Income Statement 102 line items

Line Item	Tag	Value	Unit	Period
Rental revenue (including reimbursable)	`OperatingLeaseLeaseIncome`	$13.80M	USD	1 Quarter
Rental revenue (including reimbursable)	`OperatingLeaseLeaseIncome`	$25.73M	USD	2 Qtrs
Rental revenue (including reimbursable)	`OperatingLeaseLeaseIncome`	$7.12M	USD	1 Quarter
Rental revenue (including reimbursable)	`OperatingLeaseLeaseIncome`	$12.62M	USD	2 Qtrs
Property	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$719.00K	USD	2 Qtrs
Property	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.31M	USD	1 Quarter
Property	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$434.00K	USD	1 Quarter
Property	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.27M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.13M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.73M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$13.00M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$3.12M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$7.08M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$5.46M	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$1.41M	USD	1 Quarter
Provisions for impairment	`AssetImpairmentCharges`	$1.41M	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$3.54M	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$3.47M	USD	1 Quarter
Transaction costs	`TransactionCosts`	$634.00K	USD	1 Quarter
Transaction costs	`TransactionCosts`	$1.73M	USD	2 Qtrs
Transaction costs	`TransactionCosts`	$332.00K	USD	2 Qtrs
Transaction costs	`TransactionCosts`	$181.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$26.27M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$16.03M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$13.05M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$7.44M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.80M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.80M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$894.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.10M	USD	1 Quarter
Gain on sales of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.02M	USD	2 Qtrs
Gain on sales of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.02M	USD	1 Quarter
Gain on sales of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$497.00K	USD	1 Quarter
Gain on sales of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$497.00K	USD	2 Qtrs
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	1 Quarter
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	1 Quarter
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	2 Qtrs
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	$250.00K	USD	2 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-1.53M	USD	2 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-82.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-397.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-1.30M	USD	2 Qtrs
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.84M	USD	2 Qtrs
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.63M	USD	1 Quarter
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-405.00K	USD	1 Quarter
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.96M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$50.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-405.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$741.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.96M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.55M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.89M	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-54.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-536.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-94.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-111.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$6.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	-	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$6.00K	USD	2 Qtrs
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.83M	USD	2 Qtrs
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.43M	USD	2 Qtrs
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-300.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.54M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.11M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.24M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.24M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.11M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.02M	shares	1 Quarter
Change in value on derivatives, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	2 Qtrs
Change in value on derivatives, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.06M	USD	2 Qtrs
Change in value on derivatives, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-265.00K	USD	1 Quarter
Change in value on derivatives, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-405.00K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$169.00K	USD	2 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.96M	USD	2 Qtrs
Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$58.00K	USD	2 Qtrs
Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-106.00K	USD	1 Quarter
Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-111.00K	USD	1 Quarter
Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-536.00K	USD	2 Qtrs
Comprehensive (loss) income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$-1.42M	USD	2 Qtrs
Comprehensive (loss) income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$-2.79M	USD	1 Quarter
Comprehensive (loss) income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$111.00K	USD	2 Qtrs
Comprehensive (loss) income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$-294.00K	USD	1 Quarter

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-405.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$741.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.96M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.55M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.46M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.10M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$314.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$307.00K	USD	2 Qtrs
Noncash revenue adjustments	`OtherNoncashIncomeExpense`	$1.34M	USD	2 Qtrs
Noncash revenue adjustments	`OtherNoncashIncomeExpense`	$886.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.60M	USD	2 Qtrs
Gain on sale of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.02M	USD	2 Qtrs
Gain on sale of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.02M	USD	1 Quarter
Gain on sale of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$497.00K	USD	1 Quarter
Gain on sale of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$497.00K	USD	2 Qtrs
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	1 Quarter
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	1 Quarter
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	-	USD	2 Qtrs
Gain on forfeited earnest money deposit	`GainLossOnForfeitedEarnestMoneyDeposit`	$250.00K	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$1.41M	USD	1 Quarter
Provisions for impairment	`AssetImpairmentCharges`	$1.41M	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$3.54M	USD	2 Qtrs
Provisions for impairment	`AssetImpairmentCharges`	$3.47M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$1.37M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$916.00K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.22M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$166.00K	USD	2 Qtrs
Lessee improvement obligations	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.12M	USD	2 Qtrs
Lessee improvement obligations	`IncreaseDecreaseInOperatingLeaseLiabilities`	-	USD	2 Qtrs
Lease incentive payments	`PaymentsForLeaseIncentives`	$225.00K	USD	2 Qtrs
Lease incentive payments	`PaymentsForLeaseIncentives`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.76M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.80M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$224.70M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$205.17M	USD	2 Qtrs
Real estate development and improvements	`PaymentsToAcquireAndDevelopRealEstate`	$5.65M	USD	2 Qtrs
Real estate development and improvements	`PaymentsToAcquireAndDevelopRealEstate`	$615.00K	USD	2 Qtrs
Earnest money deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$747.00K	USD	2 Qtrs
Earnest money deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-349.00K	USD	2 Qtrs
Purchase of computer equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$41.00K	USD	2 Qtrs
Purchase of computer equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$10.00K	USD	2 Qtrs
Proceeds from sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$9.92M	USD	2 Qtrs
Proceeds from sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$12.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-198.16M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-216.19M	USD	2 Qtrs
Issuance of common stock in public offering, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of common stock in public offering, net	`ProceedsFromIssuanceOfCommonStock`	$194.16M	USD	2 Qtrs
Issuance of common stock in private offering, net	`ProceedsFromIssuanceOfPrivatePlacement`	$54.56M	USD	2 Qtrs
Issuance of common stock in private offering, net	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$104.00K	USD	2 Qtrs
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.00K	USD	2 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$13.58M	USD	2 Qtrs
Payment of OP unit distributions	`PaymentsOfDividendsMinorityInterest`	-	USD	2 Qtrs
Payment of OP unit distributions	`PaymentsOfDividendsMinorityInterest`	$594.00K	USD	2 Qtrs
Payment of restricted stock dividends	`PaymentsOfRestrictedStockDividends`	-	USD	2 Qtrs
Payment of restricted stock dividends	`PaymentsOfRestrictedStockDividends`	$5.00K	USD	2 Qtrs
Proceeds under revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds under revolving credit facility	`ProceedsFromLinesOfCredit`	$13.00M	USD	2 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$13.00M	USD	2 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repurchase of common stock for tax withholding obligations	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock for tax withholding obligations	`PaymentsForRepurchaseOfCommonStock`	$90.00K	USD	2 Qtrs
Deferred offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Deferred offering costs	`PaymentsOfStockIssuanceCosts`	$1.53M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$75.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$179.90M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.06M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-161.33M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.50M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.14M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.58M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.35M	USD	2 Qtrs
OP units converted into common stock	`NoncashInvestingAndFinancingActivitiesOPUnitsConvertedIntoCommonStock`	-	USD	2 Qtrs
OP units converted into common stock	`NoncashInvestingAndFinancingActivitiesOPUnitsConvertedIntoCommonStock`	$7.67M	USD	2 Qtrs
Dividends declared and unpaid on restricted stock	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends declared and unpaid on restricted stock	`DividendsPayableCurrentAndNoncurrent`	$264.00K	USD	Point-in-time
Deferred offering costs included in accounts payable, accrued expenses and other liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Deferred offering costs included in accounts payable, accrued expenses and other liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$245.00K	USD	2 Qtrs
Cash flow hedge change in fair value	`NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives`	-	USD	2 Qtrs
Cash flow hedge change in fair value	`NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives`	$2.06M	USD	2 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$709.48M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.48M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.13M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.07M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.54M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$252.43M	USD	Point-in-time
Offering and related costs of preferred stock	`PreferredStockStockIssuedIssuanceCosts`	$21.00K	USD	1 Quarter
Offering and related costs of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$9.42M	USD	1 Quarter
Dividends and distributions declared on common stock and OP Units	`DividendsCommonStockAndOPUnits`	$8.18M	USD	1 Quarter
Dividends and distributions declared on common stock and OP Units	`DividendsCommonStockAndOPUnits`	$5.99M	USD	1 Quarter
Dividends declared on restricted stock	`DividendsShareBasedCompensationCash`	$132.00K	USD	1 Quarter
Dividends declared on restricted stock	`DividendsShareBasedCompensationCash`	$132.00K	USD	1 Quarter
Repurchase of common stock for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$90.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.04M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$557.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-265.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.32M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$6.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.63M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-405.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$741.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.96M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.55M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.89M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$709.48M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.48M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.13M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.07M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$305.54M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$252.43M	USD	Point-in-time

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