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10-Q Filing

MACERICH CO CIK: 912242 Q3 2020
Filing Information
Form Type 10-Q
Accession Number 0000912242-20-000016
Period End Date 20200930
Filing Date 20201106
Fiscal Year 2020
Fiscal Period Q3
XBRL Instance mac-20200930_htm.xml
Balance Sheet 68 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
Property, net RealEstateInvestmentPropertyNet $6.44B USD Point-in-time
Property, net RealEstateInvestmentPropertyNet $6.64B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $100.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $102.71M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $528.43M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 149.64M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 141.41M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $98.31M USD Point-in-time
Restricted cash RestrictedCashCurrent $14.21M USD Point-in-time
Restricted cash RestrictedCashCurrent $8.96M USD Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 141.41M shares Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 149.64M shares Point-in-time
Restricted cash RestrictedCashCurrent $13.37M USD Point-in-time
Restricted cash RestrictedCashCurrent $46.59M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $234.93M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $144.03M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $134.66M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $148.09M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $247.13M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $277.87M USD Point-in-time
Due from affiliates DueFromAffiliates $6.16M USD Point-in-time
Due from affiliates DueFromAffiliates $16.63M USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $1.52B USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $1.57B USD Point-in-time
Total assets Assets $8.85B USD Point-in-time
Total assets Assets $9.18B USD Point-in-time
Mortgage notes payable SecuredDebt $4.39B USD Point-in-time
Mortgage notes payable SecuredDebt $4.37B USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable $1.48B USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable $817.38M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $71.94M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $51.03M USD Point-in-time
Lease liabilities OperatingandFinanceLeaseLiability $114.20M USD Point-in-time
Lease liabilities OperatingandFinanceLeaseLiability $106.80M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $220.65M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $265.60M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $106.99M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $107.90M USD Point-in-time
Financing arrangement obligation FinancingArrangementObligation $273.90M USD Point-in-time
Financing arrangement obligation FinancingArrangementObligation $177.11M USD Point-in-time
Total liabilities Liabilities $6.53B USD Point-in-time
Total liabilities Liabilities $6.02B 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, 250,000,000 shares authorized, 149,638,280 and 141,407,650 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively CommonStockValue $1.50M USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 149,638,280 and 141,407,650 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively CommonStockValue $1.41M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $4.60B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $4.58B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.13B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.94B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.05M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.89M USD Point-in-time
Total stockholders' equity StockholdersEquity $2.46B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.63B USD Point-in-time
Noncontrolling interests MinorityInterest $198.71M USD Point-in-time
Noncontrolling interests MinorityInterest $184.21M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.97B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.65B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.91B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.83B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $9.18B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $8.85B USD Point-in-time
Income Statement 84 line items
Line Item Tag Value Unit Period
Leasing revenue OperatingLeaseLeaseIncome $175.51M USD 1 Quarter
Leasing revenue OperatingLeaseLeaseIncome $636.29M USD 3 Qtrs
Leasing revenue OperatingLeaseLeaseIncome $554.98M USD 3 Qtrs
Leasing revenue OperatingLeaseLeaseIncome $214.26M USD 1 Quarter
Total revenues Revenues $231.13M USD 1 Quarter
Total revenues Revenues $185.84M USD 1 Quarter
Total revenues Revenues $685.62M USD 3 Qtrs
Total revenues Revenues $591.38M USD 3 Qtrs
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $7.16M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $19.62M USD 3 Qtrs
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $5.54M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $22.34M USD 3 Qtrs
REIT general and administrative expenses GeneralAndAdministrativeExpense $22.65M USD 3 Qtrs
REIT general and administrative expenses GeneralAndAdministrativeExpense $7.59M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $5.29M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $16.84M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $82.79M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $246.64M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $241.11M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $78.61M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterestTotal $180.08M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterestTotal $539.06M USD 3 Qtrs
Total expenses before interest CostsAndExpensesBeforeInterestTotal $169.45M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterestTotal $521.62M USD 3 Qtrs
Related parties InterestIncomeExpenseRelatedParty $15.50M USD 1 Quarter
Related parties InterestIncomeExpenseRelatedParty $59.75M USD 3 Qtrs
Related parties InterestIncomeExpenseRelatedParty $92.55M USD 3 Qtrs
Related parties InterestIncomeExpenseRelatedParty $36.06M USD 1 Quarter
Other InterestExpenseOther $52.69M USD 1 Quarter
Other InterestExpenseOther $50.86M USD 1 Quarter
Other InterestExpenseOther $157.84M USD 3 Qtrs
Other InterestExpenseOther $150.01M USD 3 Qtrs
Total interest expense InterestExpense $37.18M USD 1 Quarter
Total interest expense InterestExpense $65.29M USD 3 Qtrs
Total interest expense InterestExpense $90.27M USD 3 Qtrs
Total interest expense InterestExpense $14.80M USD 1 Quarter
Loss on extinguishment of debt, net GainsLossesonExtinguishmentofDebtIncludingPenalties - USD 1 Quarter
Loss on extinguishment of debt, net GainsLossesonExtinguishmentofDebtIncludingPenalties - USD 1 Quarter
Loss on extinguishment of debt, net GainsLossesonExtinguishmentofDebtIncludingPenalties - USD 3 Qtrs
Loss on extinguishment of debt, net GainsLossesonExtinguishmentofDebtIncludingPenalties $-351.00K USD 3 Qtrs
Total expenses CostsAndExpenses $206.63M USD 1 Quarter
Total expenses CostsAndExpenses $586.91M USD 3 Qtrs
Total expenses CostsAndExpenses $629.68M USD 3 Qtrs
Total expenses CostsAndExpenses $194.88M USD 1 Quarter
Equity in (loss) income of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $34.08M USD 3 Qtrs
Equity in (loss) income of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-16.99M USD 3 Qtrs
Equity in (loss) income of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $14.58M USD 1 Quarter
Equity in (loss) income of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-12.51M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-684.00K USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $1.70M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $1.11M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $678.00K USD 1 Quarter
Gain (loss) on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $11.79M USD 1 Quarter
Gain (loss) on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-15.51M USD 3 Qtrs
Gain (loss) on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-131.00K USD 1 Quarter
Gain (loss) on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-28.78M USD 3 Qtrs
Net (loss) income ProfitLoss $50.02M USD 1 Quarter
Net (loss) income ProfitLoss $-40.62M USD 3 Qtrs
Net (loss) income ProfitLoss $72.81M USD 3 Qtrs
Net (loss) income ProfitLoss $-22.62M USD 1 Quarter
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.65M USD 1 Quarter
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-833.00K USD 3 Qtrs
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-431.00K USD 1 Quarter
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.89M USD 3 Qtrs
Net (loss) income attributable to the Company NetIncomeLossAvailableToCommonStockholdersBasic $-39.78M USD 3 Qtrs
Net (loss) income attributable to the Company NetIncomeLossAvailableToCommonStockholdersBasic $46.37M USD 1 Quarter
Net (loss) income attributable to the Company NetIncomeLossAvailableToCommonStockholdersBasic $-22.19M USD 1 Quarter
Net (loss) income attributable to the Company NetIncomeLossAvailableToCommonStockholdersBasic $69.93M USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.28 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $-0.15 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.49 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $-0.28 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $-0.15 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.49 USD 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 141.37M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 149.63M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 145.07M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 141.32M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 141.37M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 141.32M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 145.07M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 149.63M shares 1 Quarter
Cash Flow Statement 99 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $50.02M USD 1 Quarter
Net (loss) income ProfitLoss $-40.62M USD 3 Qtrs
Net (loss) income ProfitLoss $72.81M USD 3 Qtrs
Net (loss) income ProfitLoss $-22.62M USD 1 Quarter
Loss on extinguishment of debt, net GainsLossesOnExtinguishmentOfDebt $-351.00K USD 3 Qtrs
Loss on extinguishment of debt, net GainsLossesOnExtinguishmentOfDebt - USD 3 Qtrs
Loss on sale or write down of assets, net GainLossonSaleorWriteDownofAssets $-28.78M USD 3 Qtrs
Loss on sale or write down of assets, net GainLossonSaleorWriteDownofAssets $-15.51M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $251.95M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $246.50M USD 3 Qtrs
Amortization of premium on mortgage notes payable AmortizationOfDebtDiscountPremium $-696.00K USD 3 Qtrs
Amortization of premium on mortgage notes payable AmortizationOfDebtDiscountPremium $-695.00K USD 3 Qtrs
Amortization of share and unit-based plans ShareBasedCompensation $9.76M USD 3 Qtrs
Amortization of share and unit-based plans ShareBasedCompensation $10.99M USD 3 Qtrs
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsandAmortizationofaboveandbelowMarketLeases $-3.92M USD 3 Qtrs
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsandAmortizationofaboveandbelowMarketLeases $-12.45M USD 3 Qtrs
Provision for doubtful accounts ProvisionForDoubtfulAccounts $39.25M USD 3 Qtrs
Provision for doubtful accounts ProvisionForDoubtfulAccounts $6.77M USD 3 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $-684.00K USD 3 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $1.70M USD 3 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $1.11M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $678.00K USD 1 Quarter
Equity in loss (income) of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $34.08M USD 3 Qtrs
Equity in loss (income) of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-16.99M USD 3 Qtrs
Equity in loss (income) of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $14.58M USD 1 Quarter
Equity in loss (income) of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-12.51M USD 1 Quarter
Distributions of income from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions $844.00K USD 3 Qtrs
Distributions of income from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions - USD 3 Qtrs
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment $96.79M USD 3 Qtrs
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment $70.98M USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $124.00M USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $-4.68M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-5.47M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.94M USD 3 Qtrs
Due from affiliates IncreaseDecreaseDueFromAffiliates $-10.42M USD 3 Qtrs
Due from affiliates IncreaseDecreaseDueFromAffiliates $11.63M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $13.11M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $27.17M USD 3 Qtrs
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-1.66M USD 3 Qtrs
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-31.69M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $65.13M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $271.98M USD 3 Qtrs
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $104.91M USD 3 Qtrs
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $46.42M USD 3 Qtrs
Property improvements PaymentsToDevelopRealEstateAssets $18.00M USD 3 Qtrs
Property improvements PaymentsToDevelopRealEstateAssets $21.11M USD 3 Qtrs
Proceeds from repayment of notes receivable ProceedsFromCollectionOfNotesReceivable $65.79M USD 3 Qtrs
Proceeds from repayment of notes receivable ProceedsFromCollectionOfNotesReceivable - USD 3 Qtrs
Deferred leasing costs IncreaseDecreaseInDeferredLeasingFees $10.88M USD 3 Qtrs
Deferred leasing costs IncreaseDecreaseInDeferredLeasingFees $2.25M USD 3 Qtrs
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $28.18M USD 3 Qtrs
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $235.81M USD 3 Qtrs
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $149.37M USD 3 Qtrs
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $100.62M USD 3 Qtrs
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $1.25M USD 3 Qtrs
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $16.32M USD 3 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-122.80M USD 3 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $16.57M USD 3 Qtrs
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $660.00M USD 3 Qtrs
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $1.08B USD 3 Qtrs
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $1.02B USD 3 Qtrs
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $20.83M USD 3 Qtrs
Payment on financing arrangement obligation JointVentureDistributionsinExcessofLoanProceeds $27.95M USD Point-in-time
Payment on financing arrangement obligation JointVentureDistributionsinExcessofLoanProceeds $27.95M USD 3 Qtrs
Payment on financing arrangement obligation JointVentureDistributionsinExcessofLoanProceeds - USD 3 Qtrs
Deferred financing costs PaymentsOfFinancingCosts $2.92M USD 3 Qtrs
Deferred financing costs PaymentsOfFinancingCosts $2.58M USD 3 Qtrs
Proceeds from finance lease ProceedsFromFinanceLease - USD 3 Qtrs
Proceeds from finance lease ProceedsFromFinanceLease $4.12M USD 3 Qtrs
Payments on finance leases FinanceLeasePrincipalPayments $1.53M USD 3 Qtrs
Payments on finance leases FinanceLeasePrincipalPayments $1.47M USD 3 Qtrs
Proceeds from share and unit-based plans ProceedsFromStockPlans $819.00K USD 3 Qtrs
Proceeds from share and unit-based plans ProceedsFromStockPlans $852.00K USD 3 Qtrs
Redemption of noncontrolling interests PaymentsToMinorityShareholders $51.00K USD 3 Qtrs
Redemption of noncontrolling interests PaymentsToMinorityShareholders $28.00K USD 3 Qtrs
Contribution from noncontrolling interests ProceedsFromMinorityShareholders $450.00K USD 3 Qtrs
Contribution from noncontrolling interests ProceedsFromMinorityShareholders $460.00K USD 3 Qtrs
Dividends and distributions PaymentsOfDividendsCommonStock $155.19M USD 3 Qtrs
Dividends and distributions PaymentsOfDividendsCommonStock $359.38M USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-330.58M USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $485.26M USD 3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $427.58M USD 3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-42.03M USD 3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $114.22M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.30M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $541.80M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $107.27M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $114.22M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.30M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $541.80M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $107.27M USD Point-in-time
Cash payments for interest, net of amounts capitalized InterestPaidNet $156.70M USD 3 Qtrs
Cash payments for interest, net of amounts capitalized InterestPaidNet $137.99M USD 3 Qtrs
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $43.35M USD 3 Qtrs
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $18.55M USD 3 Qtrs
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 $1.00M USD 3 Qtrs
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 $12.09M USD 3 Qtrs
Stock dividend DividendsStock $56.61M USD 3 Qtrs
Stock dividend DividendsStock - USD 3 Qtrs
Stockholders Equity 54 line items
Line Item Tag Value Unit Period
Beginning balance (in shares) CommonStockSharesIssued 149.64M shares Point-in-time
Beginning balance (in shares) CommonStockSharesIssued 141.41M shares Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.97B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.65B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.91B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.83B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.19B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time
Net (loss) income ProfitLoss $50.02M USD 1 Quarter
Net (loss) income ProfitLoss $-40.62M USD 3 Qtrs
Net (loss) income ProfitLoss $72.81M USD 3 Qtrs
Net (loss) income ProfitLoss $-22.62M USD 1 Quarter
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-6.48M USD 3 Qtrs
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.84M USD 3 Qtrs
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.81M USD 1 Quarter
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-154.00K USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $4.12M USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $13.35M USD 3 Qtrs
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $3.31M USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $13.94M USD 3 Qtrs
Employee stock purchases StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $819.00K USD 3 Qtrs
Employee stock purchases StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $852.00K USD 3 Qtrs
Distributions declared DividendsCommonStockCash $22.48M USD 1 Quarter
Distributions declared DividendsCommonStockCash $318.18M USD 3 Qtrs
Distributions declared DividendsCommonStockCash $106.08M USD 1 Quarter
Distributions declared DividendsCommonStockCash $142.95M USD 3 Qtrs
Stock dividend (in shares) CommonStockDividendsShares 7.76M shares Point-in-time
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $8.74M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $41.20M USD 3 Qtrs
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $12.23M USD 3 Qtrs
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.17M USD 1 Quarter
Contributions from noncontrolling interests NoncontrollingInterestIncreasefromContributionsfromNoncontrollingInterests $460.00K USD 3 Qtrs
Contributions from noncontrolling interests NoncontrollingInterestIncreasefromContributionsfromNoncontrollingInterests $450.00K USD 3 Qtrs
Contributions from noncontrolling interests NoncontrollingInterestIncreasefromContributionsfromNoncontrollingInterests $50.00K USD 1 Quarter
Contributions from noncontrolling interests NoncontrollingInterestIncreasefromContributionsfromNoncontrollingInterests $325.00K USD 1 Quarter
Conversion of noncontrolling interests to common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 1 Quarter
Conversion of noncontrolling interests to common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 3 Qtrs
Conversion of noncontrolling interests to common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 3 Qtrs
Redemption of noncontrolling interests MinorityInterestDecreaseFromRedemptions $28.00K USD 3 Qtrs
Redemption of noncontrolling interests MinorityInterestDecreaseFromRedemptions $10.00K USD 1 Quarter
Redemption of noncontrolling interests MinorityInterestDecreaseFromRedemptions $51.00K USD 3 Qtrs
Redemption of noncontrolling interests MinorityInterestDecreaseFromRedemptions $14.00K USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 3 Qtrs
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 3 Qtrs
Ending balance (in shares) CommonStockSharesIssued 149.64M shares Point-in-time
Ending balance (in shares) CommonStockSharesIssued 141.41M shares Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.97B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.65B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.91B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.83B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.19B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $50.02M USD 1 Quarter
Net (loss) income ProfitLoss $-40.62M USD 3 Qtrs
Net (loss) income ProfitLoss $72.81M USD 3 Qtrs
Net (loss) income ProfitLoss $-22.62M USD 1 Quarter
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-6.48M USD 3 Qtrs
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.84M USD 3 Qtrs
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.81M USD 1 Quarter
Interest rate cap/swap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-154.00K USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-19.81M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $49.87M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-42.46M USD 3 Qtrs
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $66.33M USD 3 Qtrs
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.65M USD 1 Quarter
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-833.00K USD 3 Qtrs
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-431.00K USD 1 Quarter
Less net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.89M USD 3 Qtrs
Comprehensive (loss) income attributable to the Company ComprehensiveIncomeNetOfTax $-19.38M USD 1 Quarter
Comprehensive (loss) income attributable to the Company ComprehensiveIncomeNetOfTax $63.45M USD 3 Qtrs
Comprehensive (loss) income attributable to the Company ComprehensiveIncomeNetOfTax $46.22M USD 1 Quarter
Comprehensive (loss) income attributable to the Company ComprehensiveIncomeNetOfTax $-41.62M USD 3 Qtrs

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

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