10-K Filing

TERRENO REALTY CORP CIK: 1476150 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001476150-24-000004`
Period End Date	20231231
Filing Date	20240207
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	trno-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 56 Cash Flow Statement 113 Stockholders Equity 48 Comprehensive Income 9

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$2.00B	USD	Point-in-time
Land	`Land`	$1.85B	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$1.56B	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$1.37B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$343.49M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$51.90M	USD	Point-in-time
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
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$147.33M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$123.55M	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$2.95B	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$3.40B	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$4.05B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$384.48M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	87.49M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	76.46M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$323.63M	USD	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$3.66B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	76.46M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	87.49M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$3.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$204.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.40M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$397.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.69M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$656.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$836.00K	USD	Point-in-time
Other assets, net	`OtherAssets`	$75.08M	USD	Point-in-time
Other assets, net	`OtherAssets`	$61.22M	USD	Point-in-time
Total assets	`Assets`	$3.90B	USD	Point-in-time
Total assets	`Assets`	$3.16B	USD	Point-in-time
Credit facility	`LineOfCredit`	-	USD	Point-in-time
Credit facility	`LineOfCredit`	-	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$198.99M	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$199.15M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$571.83M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$572.42M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$32.93M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$27.45M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$84.72M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$55.87M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$30.75M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$39.05M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$61.78M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$49.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$990.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$934.59M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 87,487,098 and 76,463,482 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$876.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 87,487,098 and 76,463,482 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$765.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.17B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.85B	USD	Point-in-time
Common stock held in deferred compensation plan, 508,663 and 417,665 shares at December 31, 2023 and December 31, 2022, respectively.	`CommonStockHeldInTrust`	$31.79M	USD	Point-in-time
Common stock held in deferred compensation plan, 508,663 and 417,665 shares at December 31, 2023 and December 31, 2022, respectively.	`CommonStockHeldInTrust`	$26.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$88.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$95.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.06B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.91B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.23B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.16B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.90B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Rental revenues and tenant expense reimbursements	`OperatingLeaseLeaseIncome`	$221.93M	USD	Annual
Rental revenues and tenant expense reimbursements	`OperatingLeaseLeaseIncome`	$323.59M	USD	Annual
Rental revenues and tenant expense reimbursements	`OperatingLeaseLeaseIncome`	$276.21M	USD	Annual
Total revenues	`Revenues`	$276.21M	USD	Annual
Total revenues	`Revenues`	$323.59M	USD	Annual
Total revenues	`Revenues`	$221.93M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$68.90M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$56.25M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$79.08M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$65.76M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$73.22M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$50.69M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$26.96M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$37.94M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$31.19M	USD	Annual
Acquisition costs and other	`BusinessCombinationAcquisitionRelatedCosts`	$172.00K	USD	Annual
Acquisition costs and other	`BusinessCombinationAcquisitionRelatedCosts`	$218.00K	USD	Annual
Acquisition costs and other	`BusinessCombinationAcquisitionRelatedCosts`	$1.47M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$134.07M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$167.32M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$190.46M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$822.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$809.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$4.96M	USD	Annual
Interest expense, including amortization	`InterestExpense`	$24.80M	USD	Annual
Interest expense, including amortization	`InterestExpense`	$18.05M	USD	Annual
Interest expense, including amortization	`InterestExpense`	$23.85M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$112.17M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$16.63M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$38.16M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$89.12M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$18.32M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-605.00K	USD	Annual
Net income	`NetIncomeLoss`	$151.46M	USD	Annual
Net income	`NetIncomeLoss`	$87.25M	USD	Annual
Net income	`NetIncomeLoss`	$198.01M	USD	Annual
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$311.00K	USD	Annual
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$712.00K	USD	Annual
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$854.00K	USD	Annual
Net income available to common stockholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$150.75M	USD	Annual
Net income available to common stockholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$197.16M	USD	Annual
Net income available to common stockholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$86.94M	USD	Annual
Net income available to common stockholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$150.75M	USD	Annual
Net income available to common stockholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$197.16M	USD	Annual
Net income available to common stockholders - basic (in dollars per share)	`EarningsPerShareBasic`	$1.23	USD	Annual
Net income available to common stockholders - basic (in dollars per share)	`EarningsPerShareBasic`	$2.61	USD	Annual
Net income available to common stockholders - basic (in dollars per share)	`EarningsPerShareBasic`	$1.81	USD	Annual
Net income available to common stockholders - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.23	USD	Annual
Net income available to common stockholders - diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.61	USD	Annual
Net income available to common stockholders - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.81	USD	Annual
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	75.50M	shares	Annual
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.53M	shares	Annual
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.17M	shares	Annual
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.37M	shares	Annual
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.79M	shares	Annual
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.59M	shares	Annual

Cash Flow Statement 113 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$151.46M	USD	Annual
Net income	`NetIncomeLoss`	$87.25M	USD	Annual
Net income	`NetIncomeLoss`	$198.01M	USD	Annual
Straight-line rents	`StraightLineRent`	$8.47M	USD	Annual
Straight-line rents	`StraightLineRent`	$8.68M	USD	Annual
Straight-line rents	`StraightLineRent`	$9.35M	USD	Annual
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$16.27M	USD	Annual
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$13.92M	USD	Annual
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$7.69M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$65.76M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$73.22M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$50.69M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$112.17M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$16.63M	USD	Annual
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$38.16M	USD	Annual
Deferred financing cost amortization	`AmortizationOfFinancingCostsAndDiscounts`	$1.33M	USD	Annual
Deferred financing cost amortization	`AmortizationOfFinancingCostsAndDiscounts`	$1.54M	USD	Annual
Deferred financing cost amortization	`AmortizationOfFinancingCostsAndDiscounts`	$1.37M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$9.55M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$10.17M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$13.47M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.67M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.37M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.60M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.14M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.05M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.04M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.68M	USD	Annual
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$466.84M	USD	Annual
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$407.56M	USD	Annual
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$644.96M	USD	Annual
Proceeds from sales of real estate investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$73.08M	USD	Annual
Proceeds from sales of real estate investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$162.15M	USD	Annual
Proceeds from sales of real estate investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$41.08M	USD	Annual
Additions to construction in progress	`PaymentsForConstructionInProcess`	$25.64M	USD	Annual
Additions to construction in progress	`PaymentsForConstructionInProcess`	$11.27M	USD	Annual
Additions to construction in progress	`PaymentsForConstructionInProcess`	$123.57M	USD	Annual
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$66.61M	USD	Annual
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$53.05M	USD	Annual
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$51.29M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-337.66M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-570.39M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-666.44M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$462.39M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$78.85M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$671.35M	USD	Annual
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$5.04M	USD	Annual
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$1.16M	USD	Annual
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$5.68M	USD	Annual
Repurchase of common stock related to employee awards	`PaymentsForRepurchaseOfCommonStock`	$1.04M	USD	Annual
Repurchase of common stock related to employee awards	`PaymentsForRepurchaseOfCommonStock`	$582.00K	USD	Annual
Repurchase of common stock related to employee awards	`PaymentsForRepurchaseOfCommonStock`	$1.51M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$82.00M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$75.00M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$208.00M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$82.00M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$208.00M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$75.00M	USD	Annual
Borrowings on term loans payable	`ProceedsFromIssuanceOfSecuredDebt`	$100.00M	USD	Annual
Borrowings on term loans payable	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Borrowings on term loans payable	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Borrowings on senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$275.00M	USD	Annual
Borrowings on senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Borrowings on senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Payments on senior unsecured notes	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Payments on senior unsecured notes	`RepaymentsOfUnsecuredDebt`	$50.00M	USD	Annual
Payments on senior unsecured notes	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Payments on mortgage loan payable	`RepaymentsOfSecuredDebt`	-	USD	Annual
Payments on mortgage loan payable	`RepaymentsOfSecuredDebt`	$11.27M	USD	Annual
Payments on mortgage loan payable	`RepaymentsOfSecuredDebt`	-	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$80.00K	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.50M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$4.03M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$135.85M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$84.63M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$107.41M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.73M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$528.86M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$631.20M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$138.15M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$96.97M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-176.72M	USD	Annual
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$166.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$166.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.80M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$31.71M	USD	Annual
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$25.22M	USD	Annual
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$15.14M	USD	Annual
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$18.16M	USD	Annual
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$26.91M	USD	Annual
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$16.87M	USD	Annual
Non-cash issuance of common stock to the deferred compensation plan	`StockIssued1`	$7.65M	USD	Annual
Non-cash issuance of common stock to the deferred compensation plan	`StockIssued1`	$5.33M	USD	Annual
Non-cash issuance of common stock to the deferred compensation plan	`StockIssued1`	$11.27M	USD	Annual
Lease liability arising from recognition of right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.29M	USD	Annual
Lease liability arising from recognition of right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Lease liability arising from recognition of right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.19M	USD	Annual
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$422.30M	USD	Annual
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$681.97M	USD	Annual
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$512.53M	USD	Annual
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$14.74M	USD	Annual
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$45.69M	USD	Annual
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$37.01M	USD	Annual
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$466.84M	USD	Annual
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$407.56M	USD	Annual
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$644.96M	USD	Annual

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`PaymentsOfStockIssuanceCosts`	$5.83K	USD	Annual
Issuance costs	`PaymentsOfStockIssuanceCosts`	$3.30M	USD	Point-in-time
Issuance costs	`PaymentsOfStockIssuanceCosts`	$6.12M	USD	Annual
Issuance costs	`PaymentsOfStockIssuanceCosts`	$1.56M	USD	Annual
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.26	USD	Annual
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.70	USD	Annual
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.48	USD	Annual
Dividends per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$2.06B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.59B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.23B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	76.46M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	87.49M	shares	Point-in-time
Net income	`NetIncomeLoss`	$151.46M	USD	Annual
Net income	`NetIncomeLoss`	$87.25M	USD	Annual
Net income	`NetIncomeLoss`	$198.01M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$665.52M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$463.75M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$77.29M	USD	Annual
Issuance of common stock, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.57M	shares	Annual
Issuance of common stock, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.29M	shares	Annual
Common shares acquired related to employee awards	`StockRepurchasedDuringPeriodValue`	$1.51M	USD	Annual
Common shares acquired related to employee awards	`StockRepurchasedDuringPeriodValue`	$1.04M	USD	Annual
Common shares acquired related to employee awards	`StockRepurchasedDuringPeriodValue`	$582.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.47M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.55M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.17M	USD	Annual
Common stock dividends	`DividendsCommonStockCash`	$112.55M	USD	Annual
Common stock dividends	`DividendsCommonStockCash`	$90.38M	USD	Annual
Common stock dividends	`DividendsCommonStockCash`	$144.15M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$183.00K	USD	Annual
Ending balance	`StockholdersEquity`	$2.06B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.59B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.23B	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	76.46M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	87.49M	shares	Point-in-time
Underwriting discount and offering costs	`PaymentsOfStockIssuanceCosts`	$5.83K	USD	Annual
Underwriting discount and offering costs	`PaymentsOfStockIssuanceCosts`	$3.30M	USD	Point-in-time
Underwriting discount and offering costs	`PaymentsOfStockIssuanceCosts`	$6.12M	USD	Annual
Underwriting discount and offering costs	`PaymentsOfStockIssuanceCosts`	$1.56M	USD	Annual

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$151.46M	USD	Annual
Net income	`NetIncomeLoss`	$87.25M	USD	Annual
Net income	`NetIncomeLoss`	$198.01M	USD	Annual
Cash flow hedge adjustment	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	Annual
Cash flow hedge adjustment	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	Annual
Cash flow hedge adjustment	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$183.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$198.01M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$151.46M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$87.44M	USD	Annual

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