10-Q Filing

VICI PROPERTIES INC. CIK: 1705696 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001705696-19-000094`
Period End Date	20190331
Filing Date	20190501
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	viciq1201910-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 55 Cash Flow Statement 72 Stockholders Equity 22

Balance Sheet 71 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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Investments in direct financing and sales-type leases, net	`NetInvestmentInDirectFinancingAndSalesTypeLeases`	$9.19B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	410.97M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	404.73M	shares	Point-in-time
Investments in direct financing and sales-type leases, net	`NetInvestmentInDirectFinancingAndSalesTypeLeases`	$8.92B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	404.73M	shares	Point-in-time
Investments in operating leases	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$1.09B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	410.97M	shares	Point-in-time
Investments in operating leases	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$1.09B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`LandAvailableForDevelopment`	$95.79M	USD	Point-in-time
Land	`LandAvailableForDevelopment`	$94.71M	USD	Point-in-time
Property and equipment used in operations, net	`PropertyPlantAndEquipmentNet`	$71.51M	USD	Point-in-time
Property and equipment used in operations, net	`PropertyPlantAndEquipmentNet`	$71.78M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$598.28M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$918.22M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$577.88M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$13.81M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$20.56M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$24.37M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$520.88M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$356.88M	USD	Point-in-time
Other assets	`OtherAssets`	$29.86M	USD	Point-in-time
Other assets	`OtherAssets`	$44.04M	USD	Point-in-time
Total assets	`Assets`	$10.49B	USD	Point-in-time
Total assets	`Assets`	$11.45B	USD	Point-in-time
Total assets	`Assets`	$11.33B	USD	Point-in-time
Debt, net	`LongTermDebt`	$4.12B	USD	Point-in-time
Debt, net	`LongTermDebt`	$4.12B	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$14.18M	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$24.70M	USD	Point-in-time
Deferred financing liability	`DeferredLongTermLiabilityCharges`	$73.60M	USD	Point-in-time
Deferred financing liability	`DeferredLongTermLiabilityCharges`	$73.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$43.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$355.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$118.06M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$116.29M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$62.72M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$62.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.40B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.43B	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, 700,000,000 shares authorized and 410,970,554 and 404,729,616 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$4.05M	USD	Point-in-time
Common stock, $0.01 par value, 700,000,000 shares authorized and 410,970,554 and 404,729,616 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$4.11M	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.65B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.78B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.31M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$219.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$187.10M	USD	Point-in-time
Total VICI stockholders equity	`StockholdersEquity`	$6.82B	USD	Point-in-time
Total VICI stockholders equity	`StockholdersEquity`	$6.96B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$83.62M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$83.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.78B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.90B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.33B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.45B	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Operating Leases, Income Statement, Initial Direct Costs	`OperatingLeasesIncomeStatementInitialDirectCosts`	$889.00K	USD	1 Quarter
Operating Leases, Income Statement, Initial Direct Costs	`OperatingLeasesIncomeStatementInitialDirectCosts`	-	USD	1 Quarter
Income from direct financing and sales-type leases	`SalesTypeAndDirectFinancingLeasesInterestIncome`	$182.04M	USD	1 Quarter
Income from direct financing and sales-type leases	`SalesTypeAndDirectFinancingLeasesInterestIncome`	$195.75M	USD	1 Quarter
Income from operating leases	`OperatingLeaseLeaseIncome`	$12.21M	USD	1 Quarter
Income from operating leases	`OperatingLeaseLeaseIncome`	$10.91M	USD	1 Quarter
Tenant reimbursement of property taxes	`PropertyTaxesReimbursed`	-	USD	1 Quarter
Tenant reimbursement of property taxes	`PropertyTaxesReimbursed`	$17.24M	USD	1 Quarter
Revenues	`Revenues`	$218.28M	USD	1 Quarter
Revenues	`Revenues`	$214.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.31M	USD	1 Quarter
Depreciation	`Depreciation`	$906.00K	USD	1 Quarter
Depreciation	`Depreciation`	$930.00K	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	$17.24M	USD	1 Quarter
Property taxes	`RealEstateTaxExpense`	-	USD	1 Quarter
Golf operations	`CostOfGoodsAndServicesSold`	$4.09M	USD	1 Quarter
Golf operations	`CostOfGoodsAndServicesSold`	$4.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$29.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$201.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$188.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$53.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$52.88M	USD	1 Quarter
Interest income	`InterestIncomeDepositsWithFinancialInstitutions`	$5.17M	USD	1 Quarter
Interest income	`InterestIncomeDepositsWithFinancialInstitutions`	$1.68M	USD	1 Quarter
Loss from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-23.04M	USD	1 Quarter
Loss from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.45M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$114.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$384.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$521.00K	USD	1 Quarter
Net income	`ProfitLoss`	$152.93M	USD	1 Quarter
Net income	`ProfitLoss`	$114.10M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.08M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.98M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$112.12M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$150.85M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.26	USD	Point-in-time
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	342.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	405.73M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	406.04M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	343.06M	shares	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$112.12M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$150.85M	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-17.19M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$133.66M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$112.12M	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$152.93M	USD	1 Quarter
Net income	`ProfitLoss`	$114.10M	USD	1 Quarter
Direct financing and sales-type lease adjustments	`IncreaseDecreaseInLeasingReceivables`	$2.51M	USD	1 Quarter
Direct financing and sales-type lease adjustments	`IncreaseDecreaseInLeasingReceivables`	$12.91M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$391.00K	USD	1 Quarter
Depreciation	`Depreciation`	$906.00K	USD	1 Quarter
Depreciation	`Depreciation`	$930.00K	USD	1 Quarter
Amortization of debt issuance costs and original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.47M	USD	1 Quarter
Amortization of debt issuance costs and original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.49M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-23.04M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.21M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-200.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$3.79M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$10.52M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-43.25M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.19M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.34M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$122.48M	USD	1 Quarter
Investments in direct financing and sales-type leases	`PaymentsToAcquireRealEstate`	$264.53M	USD	1 Quarter
Investments in direct financing and sales-type leases	`PaymentsToAcquireRealEstate`	-	USD	1 Quarter
Capitalized transaction costs	`PaymentsOfCapitalizedTransactionCosts`	$485.00K	USD	1 Quarter
Capitalized transaction costs	`PaymentsOfCapitalizedTransactionCosts`	-	USD	1 Quarter
Investments in short-term investments	`PaymentsToAcquireShortTermInvestments`	$24.78M	USD	1 Quarter
Investments in short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$188.78M	USD	1 Quarter
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	$1.04M	USD	1 Quarter
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	-	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$345.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-345.00K	USD	1 Quarter
Proceeds from offering of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.31B	USD	1 Quarter
Proceeds from offering of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.30B	USD	Point-in-time
Proceeds from offering of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$128.09M	USD	1 Quarter
Proceeds from offering of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$694.20M	USD	Point-in-time
Payment of Term Loan B Facility	`RepaymentsOfLongTermDebt`	$100.00M	USD	1 Quarter
Payment of Term Loan B Facility	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payment of Revolving Credit Facility	`RepaymentsOfUnsecuredDebt`	-	USD	1 Quarter
Payment of Revolving Credit Facility	`RepaymentsOfUnsecuredDebt`	$300.00M	USD	1 Quarter
Payment of Second Lien Notes	`RepaymentsOfSecuredDebt`	-	USD	1 Quarter
Payment of Second Lien Notes	`RepaymentsOfSecuredDebt`	$290.06M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$726.00K	USD	1 Quarter
Distributions to non-controlling interests	`DistributionstoNonControllingInterests`	$2.03M	USD	1 Quarter
Distributions to non-controlling interests	`DistributionstoNonControllingInterests`	$3.86M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$116.34M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.71M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$612.48M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$24.20M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$734.62M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$932.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$622.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$598.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$197.41M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$932.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$622.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$598.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$197.41M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$47.13M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$41.60M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$700.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Dividends declared, not paid	`NonCashDividendsDeclaredNotPaid`	$118.15M	USD	Point-in-time
Dividends declared, not paid	`NonCashDividendsDeclaredNotPaid`	-	USD	Point-in-time
Right-of-use asset and lease liability recorded upon adoption of ASC 842	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	1 Quarter
Right-of-use asset and lease liability recorded upon adoption of ASC 842	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$11.13M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.78B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.05B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.90B	USD	Point-in-time
Net income	`ProfitLoss`	$152.93M	USD	1 Quarter
Net income	`ProfitLoss`	$114.10M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.31B	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.40B	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$724.50M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$128.26M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.03M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.86M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$59.22M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$118.15M	USD	1 Quarter
Share-based compensation, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$391.00K	USD	1 Quarter
Share-based compensation, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.05M	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-17.19M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.13B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.78B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.05B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.90B	USD	Point-in-time

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