10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-18-031721 |
| Period End Date | 20180331 |
| Filing Date | 20180509 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | o-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock and paid in capital, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock and paid in capital, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock and paid in capital, shares authorized |
CommonStockSharesAuthorized
|
370.10M | shares | Point-in-time |
| Common stock and paid in capital, shares authorized |
CommonStockSharesAuthorized
|
370.10M | shares | Point-in-time |
| Land |
Land
|
$4.26B | USD | Point-in-time |
| Land |
Land
|
$4.08B | USD | Point-in-time |
| Common stock and paid in capital, shares issued |
CommonStockSharesIssued
|
284.38M | shares | Point-in-time |
| Common stock and paid in capital, shares issued |
CommonStockSharesIssued
|
284.21M | shares | Point-in-time |
| Common stock and paid in capital, shares outstanding |
CommonStockSharesOutstanding
|
284.21M | shares | Point-in-time |
| Common stock and paid in capital, shares outstanding |
CommonStockSharesOutstanding
|
284.38M | shares | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$10.94B | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$11.15B | USD | Point-in-time |
| Total real estate, at cost |
RealEstateInvestmentPropertyAtCost
|
$15.41B | USD | Point-in-time |
| Total real estate, at cost |
RealEstateInvestmentPropertyAtCost
|
$15.02B | USD | Point-in-time |
| Less accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$2.43B | USD | Point-in-time |
| Less accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$2.35B | USD | Point-in-time |
| Net real estate held for investment |
RealEstateInvestmentPropertyNet
|
$12.97B | USD | Point-in-time |
| Net real estate held for investment |
RealEstateInvestmentPropertyNet
|
$12.67B | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$29.95M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$6.67M | USD | Point-in-time |
| Net real estate |
NetRealEstate
|
$13.00B | USD | Point-in-time |
| Net real estate |
NetRealEstate
|
$12.68B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.63M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.90M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$27.60M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$125.69M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$119.53M | USD | Point-in-time |
| Acquired lease intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$1.19B | USD | Point-in-time |
| Acquired lease intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$1.26B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$14.97M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$14.94M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$45.34M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$49.07M | USD | Point-in-time |
| Total assets |
Assets
|
$14.06B | USD | Point-in-time |
| Total assets |
Assets
|
$14.47B | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$60.80M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$62.90M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$92.38M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$109.52M | USD | Point-in-time |
| Acquired lease intangible liabilities, net |
AcquiredLeaseIntangibleLiabilitiesNet
|
$268.80M | USD | Point-in-time |
| Acquired lease intangible liabilities, net |
AcquiredLeaseIntangibleLiabilitiesNet
|
$303.20M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$116.87M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$123.70M | USD | Point-in-time |
| Line of credit payable |
LineOfCredit
|
$1.08B | USD | Point-in-time |
| Line of credit payable |
LineOfCredit
|
$110.00M | USD | Point-in-time |
| Term loans, net |
LoansPayable
|
$445.29M | USD | Point-in-time |
| Term loans, net |
LoansPayable
|
$319.44M | USD | Point-in-time |
| Mortgages payable, net |
OtherNotesPayable
|
$313.17M | USD | Point-in-time |
| Mortgages payable, net |
OtherNotesPayable
|
$325.94M | USD | Point-in-time |
| Notes payable, net |
NotesPayableNet
|
$4.88B | USD | Point-in-time |
| Notes payable, net |
NotesPayableNet
|
$5.23B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.18B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.67B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 284,380,175 shares issued and outstanding as of March 31, 2018 and 284,213,685 shares issued and outstanding as of December 31, 2017 |
CommonStocksIncludingAdditionalPaidInCapital
|
$9.62B | USD | Point-in-time |
| Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 284,380,175 shares issued and outstanding as of March 31, 2018 and 284,213,685 shares issued and outstanding as of December 31, 2017 |
CommonStocksIncludingAdditionalPaidInCapital
|
$9.63B | USD | Point-in-time |
| Distributions in excess of net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$2.36B | USD | Point-in-time |
| Distributions in excess of net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$2.25B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.37B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.27B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$29.68M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$19.21M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.39B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.30B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$14.06B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$14.47B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$318.30M | USD | 1 Quarter |
| Total revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$298.02M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$131.10M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$121.10M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$59.30M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$59.41M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$15.68M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$13.56M | USD | 1 Quarter |
| Property (including reimbursable) |
DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense
|
$16.55M | USD | 1 Quarter |
| Property (including reimbursable) |
DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense
|
$19.07M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$1.22M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$1.05M | USD | 1 Quarter |
| Provisions for impairment |
ImpairmentOfRealEstate
|
$14.22M | USD | 1 Quarter |
| Provisions for impairment |
ImpairmentOfRealEstate
|
$5.43M | USD | 1 Quarter |
| Total expenses |
ExpensesIncludingIncomeTaxExpense
|
$238.20M | USD | 1 Quarter |
| Total expenses |
ExpensesIncludingIncomeTaxExpense
|
$219.52M | USD | 1 Quarter |
| Gain on sales of real estate |
GainOnSaleOfPropertiesContinuingOperations
|
$10.53M | USD | 1 Quarter |
| Gain on sales of real estate |
GainOnSaleOfPropertiesContinuingOperations
|
$3.22M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$83.31M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$89.03M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$165.00K | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$152.00K | USD | 1 Quarter |
| Net income attributable to the Company |
NetIncomeLoss
|
$83.16M | USD | 1 Quarter |
| Net income attributable to the Company |
NetIncomeLoss
|
$88.87M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$3.91M | USD | 1 Quarter |
| Excess of redemption value over carrying value of preferred shares redeemed |
PreferredStockRedemptionPremium
|
$13.37M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$71.59M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$83.16M | USD | 1 Quarter |
| Net income, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.29 | USD | 1 Quarter |
| Net income, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.27 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
263.34M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
283.92M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
263.93M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
284.35M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$83.31M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$89.03M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$131.10M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$121.10M | USD | 1 Quarter |
| Amortization of share-based compensation |
ShareBasedCompensation
|
$3.66M | USD | 1 Quarter |
| Amortization of share-based compensation |
ShareBasedCompensation
|
$2.75M | USD | 1 Quarter |
| Non-cash revenue adjustments |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-1.34M | USD | 1 Quarter |
| Non-cash revenue adjustments |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-1.54M | USD | 1 Quarter |
| Amortization of net premiums on mortgages payable |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$630.00K | USD | 1 Quarter |
| Amortization of net premiums on mortgages payable |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$459.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.65M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$2.39M | USD | 1 Quarter |
| Gain on interest rate swaps |
GainLossOnInterestRateSwap
|
$2.01M | USD | 1 Quarter |
| Gain on interest rate swaps |
GainLossOnInterestRateSwap
|
$1.33M | USD | 1 Quarter |
| Gain on sales of real estate |
GainOnSaleOfPropertiesContinuingOperations
|
$3.22M | USD | 1 Quarter |
| Gain on sales of real estate |
GainOnSaleOfPropertiesContinuingOperations
|
$10.53M | USD | 1 Quarter |
| Provisions for impairment on real estate |
ImpairmentOfRealEstate
|
$5.43M | USD | 1 Quarter |
| Provisions for impairment on real estate |
ImpairmentOfRealEstate
|
$14.22M | USD | 1 Quarter |
| Accounts receivable and other assets |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$-3.03M | USD | 1 Quarter |
| Accounts receivable and other assets |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$2.47M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-10.72M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$6.12M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$216.02M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$213.53M | USD | 1 Quarter |
| Investment in real estate |
PaymentsToAcquireAndDevelopRealEstate
|
$498.45M | USD | 1 Quarter |
| Investment in real estate |
PaymentsToAcquireAndDevelopRealEstate
|
$374.57M | USD | 1 Quarter |
| Improvements to real estate, including leasing costs |
PaymentsForCapitalImprovements
|
$3.75M | USD | 1 Quarter |
| Improvements to real estate, including leasing costs |
PaymentsForCapitalImprovements
|
$8.94M | USD | 1 Quarter |
| Proceeds from sales of real estate |
ProceedsFromSaleOfRealEstate
|
$31.23M | USD | 1 Quarter |
| Proceeds from sales of real estate |
ProceedsFromSaleOfRealEstate
|
$13.78M | USD | 1 Quarter |
| Insurance proceeds received |
ProceedsFromInsuranceSettlementInvestingActivities
|
$1.18M | USD | 1 Quarter |
| Collection of loans receivable |
ProceedsFromCollectionOfNotesReceivable
|
$32.00K | USD | 1 Quarter |
| Collection of loans receivable |
ProceedsFromCollectionOfNotesReceivable
|
$30.00K | USD | 1 Quarter |
| Non-refundable escrow deposits for pending acquisitions |
PaymentsForDepositsOnRealEstateAcquisitions
|
$442.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-347.06M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-492.83M | USD | 1 Quarter |
| Cash distributions to common stockholders |
PaymentsOfDividendsCommonStock
|
$185.56M | USD | 1 Quarter |
| Cash distributions to common stockholders |
PaymentsOfDividendsCommonStock
|
$162.51M | USD | 1 Quarter |
| Cash dividends to preferred stockholders |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$6.17M | USD | 1 Quarter |
| Borrowings on line of credit |
ProceedsFromLongTermLinesOfCredit
|
$79.00M | USD | 1 Quarter |
| Borrowings on line of credit |
ProceedsFromLongTermLinesOfCredit
|
$1.06B | USD | 1 Quarter |
| Payments on line of credit |
RepaymentsOfLongTermLinesOfCredit
|
$1.20B | USD | 1 Quarter |
| Payments on line of credit |
RepaymentsOfLongTermLinesOfCredit
|
$86.00M | USD | 1 Quarter |
| Principal payment on term loan |
RepaymentsOfDebt
|
$125.87M | USD | 1 Quarter |
| Proceeds from notes and bonds payable issued |
ProceedsFromNotesPayable
|
$711.81M | USD | 1 Quarter |
| Principal payment on notes payable |
RepaymentsOfNotesPayable
|
$350.00M | USD | 1 Quarter |
| Principal payments on mortgages payable |
RepaymentsOfFirstMortgageBond
|
$2.12M | USD | 1 Quarter |
| Principal payments on mortgages payable |
RepaymentsOfFirstMortgageBond
|
$12.32M | USD | 1 Quarter |
| Proceeds from common stock offerings, net |
ProceedsFromIssuanceOfCommonStock
|
$705.01M | USD | 1 Quarter |
| Proceeds from dividend reinvestment and stock purchase plan |
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
|
$56.99M | USD | 1 Quarter |
| Proceeds from dividend reinvestment and stock purchase plan |
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
|
$2.35M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$631.00K | USD | 1 Quarter |
| Distributions to noncontrolling interests |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$313.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$6.61M | USD | 1 Quarter |
| Other items, including shares withheld upon vesting |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-6.54M | USD | 1 Quarter |
| Other items, including shares withheld upon vesting |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-5.42M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$170.36M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$293.75M | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$14.44M | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$39.32M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.14M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$55.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$26.58M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$15.68M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$55.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$26.58M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.14M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$15.68M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.