Consolidated Statements Of Operations and Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Revenues: | |||
Rental income | $ 142,216us-gaap_OperatingLeasesIncomeStatementLeaseRevenue | $ 56,898us-gaap_OperatingLeasesIncomeStatementLeaseRevenue | $ 13,828us-gaap_OperatingLeasesIncomeStatementLeaseRevenue |
Tenant recovery income | 44,993us-gaap_TenantReimbursements | 16,048us-gaap_TenantReimbursements | 3,635us-gaap_TenantReimbursements |
Other property income | 1,006us-gaap_OtherRealEstateRevenue | 219us-gaap_OtherRealEstateRevenue | 87us-gaap_OtherRealEstateRevenue |
Total revenues | 188,215us-gaap_Revenues | 73,165us-gaap_Revenues | 17,550us-gaap_Revenues |
Expenses: | |||
Property operating | 32,919us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment | 11,896us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment | 2,957us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment |
Real estate taxes | 25,262us-gaap_RealEstateTaxExpense | 9,658us-gaap_RealEstateTaxExpense | 2,055us-gaap_RealEstateTaxExpense |
General and administrative | 8,632us-gaap_GeneralAndAdministrativeExpense | 4,346us-gaap_GeneralAndAdministrativeExpense | 1,717us-gaap_GeneralAndAdministrativeExpense |
Acquisition expenses | 17,430us-gaap_BusinessCombinationAcquisitionRelatedCosts | 18,772us-gaap_BusinessCombinationAcquisitionRelatedCosts | 3,981us-gaap_BusinessCombinationAcquisitionRelatedCosts |
Vesting of Class B units for asset management services | 27,853cik0001476204_VestingofClassBunitsforassetmanagementfees | 0cik0001476204_VestingofClassBunitsforassetmanagementfees | 0cik0001476204_VestingofClassBunitsforassetmanagementfees |
Depreciation and amortization | 79,160us-gaap_DepreciationAndAmortization | 30,512us-gaap_DepreciationAndAmortization | 8,094us-gaap_DepreciationAndAmortization |
Total expenses | 191,256us-gaap_OperatingExpenses | 75,184us-gaap_OperatingExpenses | 18,804us-gaap_OperatingExpenses |
Other income (expense): | |||
Interest expense, net | (20,360)us-gaap_InterestExpense | (10,511)us-gaap_InterestExpense | (3,020)us-gaap_InterestExpense |
Other income, net | 766us-gaap_OtherNonoperatingIncome | 180us-gaap_OtherNonoperatingIncome | 1us-gaap_OtherNonoperatingIncome |
Net loss | (22,635)us-gaap_ProfitLoss | (12,350)us-gaap_ProfitLoss | (4,273)us-gaap_ProfitLoss |
Net (income) loss attributable to noncontrolling interests | 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (54)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 927us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Net loss attributable to stockholders | (22,635)us-gaap_NetIncomeLoss | (12,404)us-gaap_NetIncomeLoss | (3,346)us-gaap_NetIncomeLoss |
Earnings per common share - basic and diluted: | |||
Net loss per share | $ (0.13)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.18)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.51)us-gaap_EarningsPerShareBasicAndDiluted |
Weighted-average common shares outstanding | 179,280us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 70,227us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 6,509us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
Comprehensive loss: | |||
Net loss | (22,635)us-gaap_ProfitLoss | (12,350)us-gaap_ProfitLoss | (4,273)us-gaap_ProfitLoss |
Other comprehensive income | |||
Change in unrealized (loss) gain on interest rate swaps, net | (690)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax | 690us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax | 0us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax |
Comprehensive loss | (23,325)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | (11,660)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | (4,273)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest |
Comprehensive (income) loss attributable to noncontrolling interests | 0us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | (54)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | 927us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest |
Comprehensive loss attributable to stockholders | $ (23,325)us-gaap_ComprehensiveIncomeNetOfTax | $ (11,714)us-gaap_ComprehensiveIncomeNetOfTax | $ (3,346)us-gaap_ComprehensiveIncomeNetOfTax |
X | ||||||||||
- Definition
Vesting of Class B units in connection with asset management services provided No definition available.
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X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Other real estate revenue not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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