| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Real estate properties: | |||||||||
Land | |||||||||
759 | 747 | 747 | 745 | 690 | 670 | 666 | 657 | 642 | 642 |
Buildings and improvements | |||||||||
1,643 | 1,588 | 1,580 | 1,546 | 997 | 791 | 767 | 729 | 701 | 700 |
Total real estate properties, gross | |||||||||
2,402 | 2,335 | 2,328 | 2,292 | 1,687 | 1,462 | 1,434 | 1,387 | 1,344 | 1,343 |
Accumulated depreciation | |||||||||
142 | 131 | 120 | 109 | 99 | 93 | 88 | 83 | 79 | 74 |
Total real estate properties, net | |||||||||
2,260 | 2,204 | 2,208 | 2,182 | 1,588 | 1,369 | 1,346 | 1,304 | 1,265 | 1,268 |
Acquired real estate leases, net | |||||||||
137 | 138 | 145 | 149 | 96 | 75 | 75 | 73 | 76 | 79 |
Cash and cash equivalents | |||||||||
19 | 28 | 23 | 15 | 16 | 9 | 11 | 15 | 19 | 0 |
Restricted cash | |||||||||
11 | 6 | - | - | - | 0 | - | - | - | - |
Rents receivable, including straight line rents of $60,303 and $58,336, respectively | |||||||||
65 | 62 | 60 | 59 | 58 | 56 | 55 | 54 | 52 | 51 |
Deferred leasing costs, net | |||||||||
6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
Debt issuance costs, net | |||||||||
2 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 1 |
Due from related persons | |||||||||
1 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 0 |
Other assets, net | |||||||||
7 | 3 | 19 | 10 | 46 | 11 | 6 | 0 | 4 | 4 |
Assets | |||||||||
2,512 | 2,454 | 2,467 | 2,428 | 1,818 | 1,534 | 1,506 | 1,461 | 1,433 | 1,411 |
LIABILITIES AND EQUITY | |||||||||
Revolving credit facility | |||||||||
265 | 310 | 650 | 608 | 50 | 413 | 380 | 335 | 302 | 750 |
Mortgage notes payable, net | |||||||||
1,096 | 1,096 | 749 | 749 | 693 | 49 | 49 | 49 | 49 | 49 |
Assumed real estate lease obligations, net | |||||||||
16 | 17 | 18 | 18 | 17 | 18 | 18 | 19 | 19 | 20 |
Accounts payable and other liabilities | |||||||||
18 | 16 | 22 | 18 | 16 | 12 | 11 | 10 | 11 | 11 |
Rents collected in advance | |||||||||
10 | 9 | 12 | 8 | 8 | 6 | 7 | 5 | 8 | 5 |
Security deposits | |||||||||
6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
Due to related persons | |||||||||
2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 3 | 7 |
Total liabilities | |||||||||
1,417 | 1,459 | 1,462 | 1,412 | 794 | 506 | 475 | 427 | 400 | 849 |
Commitments and contingencies | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | |||||||||
Equity: | |||||||||
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,185,677 and 65,180,628 shares issued and outstanding, respectively | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional paid in capital | |||||||||
1,006 | 999 | 999 | 998 | 998 | 998 | 998 | 997 | 997 | 546 |
Cumulative net income | |||||||||
155 | 142 | 130 | 119 | 106 | 89 | 71 | 53 | 34 | 15 |
Cumulative other comprehensive income | |||||||||
- | - | 0 | 0 | 0 | - | - | - | - | - |
Cumulative common distributions | |||||||||
167 | 146 | 124 | 103 | 81 | 60 | 39 | 17 | - | 0 |
Total equity attributable to common shareholders | |||||||||
994 | 995 | 1,005 | 1,015 | 1,023 | 1,028 | 1,031 | 1,034 | 1,032 | 562 |
Total equity attributable to noncontrolling interest | |||||||||
100 | 0 | - | - | - | - | - | - | - | - |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | |||||||||
1,094 | 995 | - | - | - | - | - | - | - | - |
Total liabilities and equity | |||||||||
2,512 | 2,454 | 2,467 | 2,428 | 1,818 | 1,534 | 1,506 | 1,461 | 1,433 | 1,411 |