| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||
Land and improvements | |||||||||||||
540 | 540 | 540 | 497 | 497 | 497 | 497 | 497 | 497 | 497 | 433 | 433 | 433 | 433 |
Building and improvements | |||||||||||||
607 | 602 | 597 | 489 | 483 | 479 | 475 | 471 | 467 | 463 | 445 | 442 | 438 | 435 |
Tenant improvements | |||||||||||||
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
Furniture, fixtures and equipment | |||||||||||||
11 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 |
Real estate under development | |||||||||||||
32 | 31 | - | 139 | 132 | 125 | 116 | 111 | 104 | 96 | 92 | 89 | - | 0 |
Total investment in real estate | |||||||||||||
1,196 | 1,189 | 1,153 | 1,140 | 1,127 | 1,116 | 1,103 | 1,093 | 1,083 | 1,070 | 984 | 977 | 884 | 881 |
Accumulated depreciation | |||||||||||||
114 | 109 | 103 | 99 | 94 | 90 | 86 | 81 | 77 | 73 | 69 | 65 | 61 | 58 |
Investment in real estate, net | |||||||||||||
1,081 | 1,080 | 1,049 | 1,040 | 1,032 | 1,025 | 1,017 | 1,011 | 1,005 | 996 | 914 | 912 | 822 | 823 |
Cash and cash equivalents | |||||||||||||
36 | 42 | 43 | 56 | 29 | 37 | 12 | 15 | 24 | 7 | 54 | 68 | 105 | 37 |
Restricted cash | |||||||||||||
17 | 14 | 17 | 16 | 13 | 8 | 12 | 12 | 13 | 13 | 17 | 13 | 16 | 11 |
Tenant and other receivables, net of allowance for doubtful accounts of $3,692 and $3,361, respectively | |||||||||||||
4 | 4 | 4 | 3 | 2 | 3 | 3 | 2 | 3 | 6 | 5 | 4 | 5 | 4 |
Deferred rent | |||||||||||||
1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Deferred costs and intangible assets, net | |||||||||||||
8 | 8 | 9 | 9 | 9 | 9 | 10 | 10 | 11 | 11 | 12 | 12 | 13 | 13 |
Prepaid expenses and other assets | |||||||||||||
8 | 14 | 12 | 13 | 7 | 13 | 9 | 12 | 7 | 11 | 15 | 12 | 14 | 11 |
TOTAL ASSETS | |||||||||||||
1,157 | 1,166 | 1,138 | 1,141 | 1,097 | 1,101 | 1,067 | 1,068 | 1,068 | 1,052 | 1,023 | 1,027 | 981 | 905 |
LIABILITIES AND EQUITY | |||||||||||||
Notes payable, net of unamortized loan costs of $10,958 and $11,528, respectively | |||||||||||||
997 | 997 | 963 | 963 | 913 | 913 | 873 | 872 | 871 | 843 | 810 | 810 | 754 | 754 |
Accounts payable and accrued liabilities | |||||||||||||
9 | 13 | 12 | 12 | 12 | 12 | 13 | 12 | 9 | 8 | 7 | 6 | 6 | 8 |
Security deposits | |||||||||||||
7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Below-market leases, net | |||||||||||||
1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 6 |
Other liabilities | |||||||||||||
4 | 4 | 5 | 3 | 4 | 3 | 3 | 3 | 3 | 2 | 3 | 2 | 6 | 2 |
TOTAL LIABILITIES | |||||||||||||
1,021 | 1,024 | 989 | 988 | 939 | 939 | 900 | 898 | 895 | 866 | 833 | 832 | 780 | 778 |
Equity: | |||||||||||||
Preferred stock, $0.01 par value; 100,000 shares authorized (including 140 shares of 12.5% Series A cumulative non-voting preferred stock), zero shares issued and outstanding | |||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 |
Common stock, $0.01 par value; 500,000,000 shares authorized, 17,814,672 shares issued and outstanding | |||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional paid-in-capital | |||||||||||||
93 | 93 | 93 | 93 | 92 | 92 | 92 | 92 | 92 | 92 | 91 | 91 | 91 | 46 |
Accumulated deficit | |||||||||||||
-38 | -36 | -33 | -31 | -29 | -27 | -25 | -24 | -22 | -17 | -15 | -12 | -10 | -8 |
Total stockholders’ equity | |||||||||||||
55 | 57 | 59 | 61 | 63 | 65 | 67 | 68 | 69 | 74 | 76 | 78 | 80 | 38 |
Non-controlling interests | |||||||||||||
81 | 84 | 88 | 90 | 93 | 96 | 99 | 101 | 103 | 110 | 113 | 116 | 119 | 88 |
TOTAL EQUITY | |||||||||||||
136 | 141 | 148 | 152 | 157 | 161 | 167 | 169 | 172 | 185 | 190 | 195 | 200 | 126 |
TOTAL LIABILITIES AND EQUITY | |||||||||||||
1,157 | 1,166 | 1,138 | 1,141 | 1,097 | 1,101 | 1,067 | 1,068 | 1,068 | 1,052 | 1,023 | 1,027 | 981 | 905 |