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Profit & Loss StatementP&L data quality: 0% (?)
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in million USD FY '09FY '10FY '11FY '12FY '13FY '14FY '15
Rental revenue
42
41
44
51
60
71
81
Tenant recovery revenue
0
0
0
0
2
2
2
Interest income from mortgage note receivable
1
0
0
0
0
0
1
Total operating revenues
43
42
44
51
61
74
84
Depreciation and amortization
13
13
-14
17
23
29
35
Property operating expenses
1
1
-1
2
3
5
5
Acquisition related expenses
0
0
-1
1
1
1
1
Base management fee
1
1
-2
1
2
3
3
Incentive fee
3
3
-3
4
4
4
5
Administration fee
1
1
-1
1
1
2
1
General and administrative
1
3
-1
2
2
3
2
Impairment charge
0
0
0
0
0
14
1
Total operating expenses before credit to incentive fee
21
24
-23
27
36
61
53
Credit to base management fee
0
0
0
0
0
0
0
Credit to incentive fee
-1
0
2
-2
-3
-3
-3
Total operating expenses
21
23
21
25
33
57
51
Interest income - employee loans
0
0
0
0
0
0
0
Interest expense
-18
-17
-17
-20
-24
-26
-28
Gain on sale of real estate
0
0
0
0
0
1
2
Gain on debt extinguishment
0
0
0
0
0
5
0
Other income
0
3
0
0
0
0
0
Total other expense
-18
-14
-17
-23
-27
-22
-29
Income from continuing operations
4
0
0
0
0
0
0
Income from discontinued operations
0
0
0
0
0
0
0
Total discontinued operations
0
0
0
0
0
0
0
Net Income (Loss)
5
5
6
4
2
-6
4
Distributions attributable to preferred stock
-4
-4
0
0
0
0
0
Distributions attributable to senior common stock
0
0
0
0
0
-1
-1
Net income (loss) available (attributable) to common stockholders
1
1
2
0
-3
-11
-2
Remarks
restated on Nov 30, -1 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
restated on Feb 18, 2014 n/a
calculated values,
restated on Feb 18, 2015 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
restated on Feb 17, 2016 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
Balance SheetBS data quality: 0% (?)
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in million USD FY '09FY '10FY '11FY '12FY '13FY '14FY '15
Assets
Real estate, at cost
n/a
401
443
534
642
723
780
Less: accumulated depreciation
n/a
44
54
66
81
92
112
Total real estate, net
n/a
357
389
468
561
630
668
Lease intangibles, net
n/a
27
38
57
80
99
105
Real estate and related assets held for sale, net
n/a
0
0
0
0
0
1
Mortgage note receivable
n/a
0
0
0
0
6
6
Cash and cash equivalents
n/a
7
3
6
9
9
5
Restricted cash
n/a
2
2
3
5
4
4
Funds held in escrow
n/a
3
4
8
9
11
8
Deferred rent receivable, net
n/a
10
12
15
19
22
27
Deferred financing costs, net
n/a
3
3
7
7
6
0
Other assets
n/a
1
1
2
2
2
3
Total assets
n/a
411
453
565
691
788
827
Liabilities and owners' equity
Mortgage notes payable
n/a
260 259595000
285 285350000
359 359185000
423 422602000
459 459299000
456 455863000
Borrowings under line of credit
n/a
27 27000000
19 18700000
25 25000000
24 24400000
43 43300000
45 44591000
Borrowings under term loan facility
n/a
0 0
0 0
0 0
0 0
0 0
25 24878000
Redeemable preferred stock
n/a
0 0
0 0
39 38500000
0 0
39 38500000
38 38100000
Deferred rent liability, net
n/a
2 2276000
4 3851000
5 5379000
6 6015000
9 8594000
10 9657000
Asset retirement obligation
n/a
3 3063000
3 3289000
4 3755000
4 3884000
4 3616000
4 3674000
Accounts payable and accrued expenses
n/a
3 2683000
2 1956000
5 4715000
2 2359000
8 8285000
6 6388000
Liabilities related to assets held for sale
n/a
0 0
0 0
0 0
0 0
0 0
1 868000
Due to Adviser and Administrator
n/a
1 965000
1 1188000
1 1175000
1 1360000
1 916000
2 1858000
Other liabilities
n/a
4 3652000
3 3499000
5 4705000
8 8259000
8 7612000
7 7436000
Total liabilities
n/a
299 299234000
318 317833000
442 442414000
507 507379000
570 570122000
593 593313000
Commitments and contingencies
n/a
0 0
0 0
0 0
0 0
0 0
0 0
Total mezzanine equity
n/a
0 0
0 0
0 0
0 0
0 0
0 0
Redeemable preferred stock
n/a
0 2000
0 2000
0 2000
0 2000
0 2000
0 2000
Senior common stock, par value $0.001 per share; 7,500,000 shares authorized and 972,214 and 809,411 shares issued and outstanding at December 31, 2015 and December 31, 2014, respe
n/a
0 0
0 0
0 0
0 0
0 1000
0 1000
Common stock, par value $0.001 per share, 38,500,000 shares authorized and 22,485,607 and 19,589,606 shares issued and outstanding at December 31, 2015 and December 31, 2014, respe
n/a
0 9000
0 11000
0 11000
0 16000
0 20000
0 22000
Additional paid in capital
n/a
174 174261000
212 211553000
215 215470000
299 298751000
370 369748000
419 418897000
Notes receivable - employee
n/a
-1 -963000
0 -422000
0 -410000
0 -375000
0 -375000
0 0
Distributions in excess of accumulated earnings
n/a
-62 -61934000
-76 -75830000
-93 -92708000
-115 -115248000
-152 -151724000
-185 -185051000
Total stockholders' equity
n/a
111 111375000
135 135314000
122 122365000
183 183146000
218 217672000
234 233871000
Total liabilities and stockholders' equity
n/a
411 410609000
453 453147000
565 564779000
691 690525000
788 787794000
827 827184000
Remarks restated on n/a restated on Nov 30, -1 n/a restated on Nov 30, -1 n/a restated on Nov 30, -1 n/a restated on Feb 18, 2015 n/a restated on Feb 17, 2016 n/a restated on Jul 25, 2016 n/a
Cash Flow StatementCF data quality: 0% (?)
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Reason:
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No data available for the selected time periods
in million USD FY '09FY '10FY '11FY '12FY '13FY '14FY '15
Net Income (Loss)
5
5
6
4
2
-6
4
Depreciation and amortization
13
13
14
17
23
29
35
Impairment charge
0
0
0
0
0
14
1
Gain on debt extinguishment
0
0
0
0
0
-5
0
Gain on sale of real estate
0
0
0
0
0
-1
-2
Amortization of deferred financing costs
1
1
1
2
2
2
2
Amortization of deferred rent asset and liability, net
-1
-1
-1
-1
0
0
-1
Gain on sale of real estate
0
0
0
0
0
0
0
Amortization of discount and premium on assumed debt
0
0
0
0
0
0
0
Asset retirement obligation expense
0
0
0
0
0
0
0
Increase in other assets
-1
0
0
0
0
0
-1
Increase in deferred rent liability
0
0
2
3
0
0
0
Increase in deferred rent receivable
-1
-2
-1
-2
-4
-3
-4
(Decrease) increase in accounts payable, accrued expenses, and amount due Adviser and Administrator
1
0
-1
3
-2
0
0
(Decrease) increase in other liabilities
0
0
0
1
1
1
0
Leasing commissions paid
0
0
0
-2
-1
-1
-2
Net cash provided by operating activities
17
18
20
23
20
28
31
Acquisition of real estate and related intangible assets
-1
-1
-43
-82
-131
-124
-78
Improvements of existing real estate
0
-1
-2
-6
-5
-6
-7
Proceeds from sale of real estate
1
0
0
0
0
11
7
Issuance of mortgage note receivable
0
0
0
0
0
-6
0
Collection of mortgage note receivable
0
10
0
0
0
0
0
Receipts from lenders for funds held in escrow
1
2
2
2
6
3
7
Payments to lenders for funds held in escrow
-2
-2
-3
-5
-7
-9
-3
Receipts from tenants for reserves
4
2
2
3
6
3
3
Payments to tenants from reserves
-5
-2
-2
-3
-4
-4
-3
(Increase) decrease in restricted cash
0
0
0
0
-2
2
-1
Deposits on future acquisitions
0
0
0
-1
-2
-3
-2
Deposits applied against acquisition of real estate investments
0
0
0
0
3
3
2
Net cash used in investing activities
-1
8
-46
-92
-137
-130
-74
Proceeds from issuance of equity
0
4
40
4
88
74
50
Offering costs paid
0
0
-2
0
-5
-3
-1
Redemption of Series C mandatorily redeemable preferred stock
0
0
0
39
0
0
0
Borrowings under mortgage notes payable
0
0
20
99
80
52
68
Payments for deferred financing costs
0
-1
-1
-5
-2
-1
-2
Principal repayments on mortgage notes payable
-2
-3
-6
-52
-16
-8
-67
Principal repayments on employee notes receivable
0
1
1
0
0
0
0
Proceeds from issuance of term loan facility
0
0
0
0
0
0
25
Borrowings from line of credit
58
33
58
42
75
98
77
Repayments on line of credit
-36
-39
-67
-36
-76
-80
-75
Repayment of short-term loan
-20
0
0
0
0
0
0
Increase (decrease) in security deposits
0
0
0
0
0
0
0
Distributions paid for common, senior common and preferred stock
-17
-17
-20
-21
-24
-30
-37
Net cash provided by financing activities
-18
-22
23
71
120
102
40
Net (decrease) increase in cash and cash equivalents
-1
4
-4
2
3
0
-3
Remarks
restated on Nov 30, -1 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
restated on Feb 18, 2014 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
restated on Feb 17, 2016 n/a
calculated values,
restated on Nov 30, -1 n/a
calculated values,
Sumo