10-K Filing

ESSENTIAL PROPERTIES REALTY TRUST, INC. CIK: 1728951 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001728951-24-000026`
Period End Date	20231231
Filing Date	20240214
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	eprt-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 72 Cash Flow Statement 168 Stockholders Equity 33 Comprehensive Income 27

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndLandImprovements`	$1.54B	USD	Point-in-time
Land and improvements	`LandAndLandImprovements`	$1.23B	USD	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$2.44B	USD	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$2.94B	USD	Point-in-time
Lease incentives	`IncentiveToLessee`	$18.35M	USD	Point-in-time
Preferred shares, par value per share (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Lease incentives	`IncentiveToLessee`	$17.89M	USD	Point-in-time
Preferred shares, par value per share (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, authorized shares (in shares)	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Preferred shares, authorized shares (in shares)	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$34.54M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$96.52M	USD	Point-in-time
Preferred shares, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$89.21M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$88.36M	USD	Point-in-time
Preferred shares, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$4.68B	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$3.81B	USD	Point-in-time
Preferred shares, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$367.13M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$276.31M	USD	Point-in-time
Common shares, par value per share (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, par value per share (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$4.32B	USD	Point-in-time
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$3.53B	USD	Point-in-time
Loans and direct financing lease receivables, net	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$240.03M	USD	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	142.38M	shares	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	164.64M	shares	Point-in-time
Loans and direct financing lease receivables, net	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$223.85M	USD	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	142.38M	shares	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	164.64M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldforsale`	$7.46M	USD	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldforsale`	$15.43M	USD	Point-in-time
Real estate investments held for sale, net	`RealEstateHeldforsale`	$4.78M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$32.61M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$4.55B	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$3.78B	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$47.18M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$39.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.34M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.16M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.15M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$107.55M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$78.59M	USD	Point-in-time
Derivative assets	`DerivativeAssets`	$30.98M	USD	Point-in-time
Derivative assets	`DerivativeAssets`	$47.88M	USD	Point-in-time
Rent receivables, prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$32.66M	USD	Point-in-time
Rent receivables, prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$22.99M	USD	Point-in-time
Total assets	`Assets`	$4.77B	USD	Point-in-time
Total assets	`Assets`	$4.00B	USD	Point-in-time
Unsecured term loans, net of deferred financing costs	`UnsecuredDebt`	$1.27B	USD	Point-in-time
Unsecured term loans, net of deferred financing costs	`UnsecuredDebt`	$1.03B	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$395.85M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$395.29M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	-	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	-	USD	Point-in-time
Intangible lease liabilities, net	`FiniteLivedIntangibleLiabilitiesNet`	$11.21M	USD	Point-in-time
Intangible lease liabilities, net	`FiniteLivedIntangibleLiabilitiesNet`	$11.55M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$32.61M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$47.18M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$39.40M	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$23.00M	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$2.27M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$31.25M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$29.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.50B	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 164,635,150 and 142,379,655 issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$1.42M	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 164,635,150 and 142,379,655 issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$1.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.56B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.08B	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-117.19M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-105.55M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.72M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.49B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.98B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$8.51M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$8.42M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.77B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.00B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`LeaseIncome`	$269.83M	USD	Annual
Rental revenue	`LeaseIncome`	$213.33M	USD	Annual
Rental revenue	`LeaseIncome`	$339.90M	USD	Annual
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$15.71M	USD	Annual
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$18.13M	USD	Annual
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$15.50M	USD	Annual
Other revenue, net	`OtherIncome`	$1.20M	USD	Annual
Other revenue, net	`OtherIncome`	$1.18M	USD	Annual
Other revenue, net	`OtherIncome`	$1.57M	USD	Annual
Total revenues	`Revenues`	$286.51M	USD	Annual
Total revenues	`Revenues`	$359.60M	USD	Annual
Total revenues	`Revenues`	$230.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$29.46M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$24.33M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$30.68M	USD	Annual
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$3.45M	USD	Annual
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$5.76M	USD	Annual
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$4.66M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$69.15M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$88.56M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$102.22M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$20.16M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$3.55M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$6.12M	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$88.00K	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$-99.00K	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$-204.00K	USD	Annual
Total expenses	`CostsAndExpenses`	$141.73M	USD	Annual
Total expenses	`CostsAndExpenses`	$141.01M	USD	Annual
Total expenses	`CostsAndExpenses`	$105.15M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$30.65M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$9.34M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$24.17M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$134.42M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$242.75M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$175.42M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.14M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-116.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-4.46M	USD	Annual
Interest expense	`InterestExpense`	$40.37M	USD	Annual
Interest expense	`InterestExpense`	$52.60M	USD	Annual
Interest expense	`InterestExpense`	$33.61M	USD	Annual
Interest income	`InterestIncomeOther`	$2.83M	USD	Annual
Interest income	`InterestIncomeOther`	$94.00K	USD	Annual
Interest income	`InterestIncomeOther`	$2.01M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.74M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$192.05M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$96.44M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$998.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$227.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$636.00K	USD	Annual
Net income	`ProfitLoss`	$134.74M	USD	Annual
Net income	`ProfitLoss`	$191.41M	USD	Annual
Net income	`ProfitLoss`	$96.21M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$708.00K	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$612.00K	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$486.00K	USD	Annual
Net income attributable to stockholders	`NetIncomeLoss`	$134.13M	USD	Annual
Net income attributable to stockholders	`NetIncomeLoss`	$190.71M	USD	Annual
Net income attributable to stockholders	`NetIncomeLoss`	$95.72M	USD	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	134.94M	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.36M	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	152.14M	shares	Annual
Basic net income per share (in USD per share)	`EarningsPerShareBasic`	$1.25	USD	Annual
Basic net income per share (in USD per share)	`EarningsPerShareBasic`	$0.82	USD	Annual
Basic net income per share (in USD per share)	`EarningsPerShareBasic`	$0.99	USD	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.52M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	135.86M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.47M	shares	Annual
Diluted net income per share (in USD per share)	`EarningsPerShareDiluted`	$1.24	USD	Annual
Diluted net income per share (in USD per share)	`EarningsPerShareDiluted`	$0.82	USD	Annual
Diluted net income per share (in USD per share)	`EarningsPerShareDiluted`	$0.99	USD	Annual

Cash Flow Statement 168 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$134.74M	USD	Annual
Net income	`ProfitLoss`	$191.41M	USD	Annual
Net income	`ProfitLoss`	$96.21M	USD	Annual
Depreciation and amortization	`DepreciationAndLeaseIntangibleAmortization`	$88.56M	USD	Annual
Depreciation and amortization	`DepreciationAndLeaseIntangibleAmortization`	$102.22M	USD	Annual
Depreciation and amortization	`DepreciationAndLeaseIntangibleAmortization`	$69.15M	USD	Annual
Amortization of lease incentives	`AmortizationOfIncentiveFromLessor`	$3.07M	USD	Annual
Amortization of lease incentives	`AmortizationOfIncentiveFromLessor`	$3.48M	USD	Annual
Amortization of lease incentives	`AmortizationOfIncentiveFromLessor`	$1.78M	USD	Annual
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$-217.00K	USD	Annual
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$749.00K	USD	Annual
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$-275.00K	USD	Annual
Amortization of deferred financing costs and other non-cash interest expense	`AmortizationOfDeferredFinancingCostsAndOtherNonCashInterestExpense`	$2.74M	USD	Annual
Amortization of deferred financing costs and other non-cash interest expense	`AmortizationOfDeferredFinancingCostsAndOtherNonCashInterestExpense`	$3.86M	USD	Annual
Amortization of deferred financing costs and other non-cash interest expense	`AmortizationOfDeferredFinancingCostsAndOtherNonCashInterestExpense`	$3.10M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.14M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-116.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-4.46M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$20.16M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$3.55M	USD	Annual
Provision for impairment of real estate	`AssetImpairmentCharges`	$6.12M	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$88.00K	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$-99.00K	USD	Annual
Change in provision for credit losses	`ProvisionForLoanLossesExpensed`	$-204.00K	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$30.65M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$9.34M	USD	Annual
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$24.17M	USD	Annual
Straight-line rent receivable, net	`StraightLineRent`	$20.81M	USD	Annual
Straight-line rent receivable, net	`StraightLineRent`	$28.29M	USD	Annual
Straight-line rent receivable, net	`StraightLineRent`	$20.16M	USD	Annual
Equity based compensation expense	`AllocatedShareBasedCompensationExpense`	$9.01M	USD	Annual
Equity based compensation expense	`AllocatedShareBasedCompensationExpense`	$9.49M	USD	Annual
Equity based compensation expense	`AllocatedShareBasedCompensationExpense`	$5.68M	USD	Annual
Adjustment to rental revenue for tenant credit	`AdjustmentToRentalRevenueForTenantCredit`	$640.00K	USD	Annual
Adjustment to rental revenue for tenant credit	`AdjustmentToRentalRevenueForTenantCredit`	$371.00K	USD	Annual
Adjustment to rental revenue for tenant credit	`AdjustmentToRentalRevenueForTenantCredit`	$-2.90M	USD	Annual
Payments made in settlement of cash flow hedges	`PaymentsForHedgeSettlementOperatingActivities`	-	USD	Annual
Payments made in settlement of cash flow hedges	`PaymentsForHedgeSettlementOperatingActivities`	$4.84M	USD	Annual
Payments made in settlement of cash flow hedges	`PaymentsForHedgeSettlementOperatingActivities`	-	USD	Annual
Rent receivables, prepaid expenses and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.22M	USD	Annual
Rent receivables, prepaid expenses and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.96M	USD	Annual
Rent receivables, prepaid expenses and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.51M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.94M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$767.00K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$14.43M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$167.39M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$211.02M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$254.57M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$58.38M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$126.61M	USD	Annual
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$128.60M	USD	Annual
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$70.44M	USD	Annual
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$100.49M	USD	Annual
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$27.91M	USD	Annual
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$13.09M	USD	Annual
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$136.39M	USD	Annual
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$115.02M	USD	Annual
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-189.00K	USD	Annual
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$590.00K	USD	Annual
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$26.00K	USD	Annual
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$894.55M	USD	Annual
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$840.03M	USD	Annual
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$728.73M	USD	Annual
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$105.08M	USD	Annual
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$9.35M	USD	Annual
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$51.87M	USD	Annual
Lease incentives paid	`PaymentsForLeaseIncentives`	$1.10M	USD	Annual
Lease incentives paid	`PaymentsForLeaseIncentives`	$7.49M	USD	Annual
Lease incentives paid	`PaymentsForLeaseIncentives`	$2.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-857.12M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-829.68M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-706.08M	USD	Annual
Repayment of secured borrowings	`RepaymentsOfSecuredDebt`	$175.78M	USD	Annual
Repayment of secured borrowings	`RepaymentsOfSecuredDebt`	-	USD	Annual
Repayment of secured borrowings	`RepaymentsOfSecuredDebt`	-	USD	Annual
Borrowings under term loans	`ProceedsFromLongTermLinesOfCredit`	-	USD	Annual
Borrowings under term loans	`ProceedsFromLongTermLinesOfCredit`	$397.52M	USD	Annual
Borrowings under term loans	`ProceedsFromLongTermLinesOfCredit`	$247.97M	USD	Annual
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$299.00M	USD	Annual
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$70.00M	USD	Annual
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$393.00M	USD	Annual
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$267.00M	USD	Annual
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$70.00M	USD	Annual
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$443.00M	USD	Annual
Proceeds from issuance of senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Proceeds from issuance of senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$396.60M	USD	Annual
Proceeds from issuance of senior unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$458.27M	USD	Annual
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$403.88M	USD	Annual
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$507.32M	USD	Annual
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.45M	USD	Annual
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.67M	USD	Annual
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$353.00K	USD	Annual
Payment of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Payment of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Payment of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$467.00K	USD	Annual
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.12M	USD	Annual
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.43M	USD	Annual
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$4.99M	USD	Annual
Offering costs	`PaymentsOfStockIssuanceCosts`	$948.00K	USD	Annual
Offering costs	`PaymentsOfStockIssuanceCosts`	$1.01M	USD	Annual
Offering costs	`PaymentsOfStockIssuanceCosts`	$1.22M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$168.23M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$141.69M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$112.33M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$506.80M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$689.06M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$580.01M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.77M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.54M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.74M	USD	Annual
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.96M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.99M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.50M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.96M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.99M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.34M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.16M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.15M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.96M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.99M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.76M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.50M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$49.59M	USD	Annual
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$24.16M	USD	Annual
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$36.83M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.21M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$637.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.49M	USD	Annual
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$26.95M	USD	Annual
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$45.52M	USD	Annual
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$4.48M	USD	Annual
Non-cash repayment of term loan facility	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Non-cash repayment of term loan facility	`DebtInstrumentDecreaseForgiveness`	$200.00M	USD	Annual
Non-cash repayment of term loan facility	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Non-cash borrowing under term loan facility	`LoansAssumed1`	-	USD	Annual
Non-cash borrowing under term loan facility	`LoansAssumed1`	$202.03M	USD	Annual
Non-cash borrowing under term loan facility	`LoansAssumed1`	-	USD	Annual
Non-cash debt issuance costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$2.03M	USD	Annual
Non-cash debt issuance costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Non-cash debt issuance costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Net settlement of proceeds on the sale of investments	`NetSettlementOfProceedsOnPurchaseAndSaleOfInvestments`	$-4.62M	USD	Annual
Net settlement of proceeds on the sale of investments	`NetSettlementOfProceedsOnPurchaseAndSaleOfInvestments`	$-28.94M	USD	Annual
Net settlement of proceeds on the sale of investments	`NetSettlementOfProceedsOnPurchaseAndSaleOfInvestments`	$-960.00K	USD	Annual
Non-cash investments in real estate and loan receivable activity	`TransferToFromInvestments`	$22.68M	USD	Annual
Non-cash investments in real estate and loan receivable activity	`TransferToFromInvestments`	-	USD	Annual
Non-cash investments in real estate and loan receivable activity	`TransferToFromInvestments`	$1.23M	USD	Annual
Unrealized losses on cash flow hedges	`UnrealizedGainLossOnDerivatives`	$56.62M	USD	Annual
Unrealized losses on cash flow hedges	`UnrealizedGainLossOnDerivatives`	$27.89M	USD	Annual
Unrealized losses on cash flow hedges	`UnrealizedGainLossOnDerivatives`	$9.19M	USD	Annual
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$30.00K	USD	Annual
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$24.00K	USD	Annual
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	-	USD	Annual
Discounts and fees on capital raised through issuance of common stock	`DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock`	$9.93M	USD	Annual
Discounts and fees on capital raised through issuance of common stock	`DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock`	$38.00K	USD	Annual
Discounts and fees on capital raised through issuance of common stock	`DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock`	$10.93M	USD	Annual
Discounts and fees on issuance of debt	`DiscountsAndFeesOnIssuanceOfDebtIncurredDuringNonCashOrPartialNonCashTransaction`	-	USD	Annual
Discounts and fees on issuance of debt	`DiscountsAndFeesOnIssuanceOfDebtIncurredDuringNonCashOrPartialNonCashTransaction`	$2.48M	USD	Annual
Discounts and fees on issuance of debt	`DiscountsAndFeesOnIssuanceOfDebtIncurredDuringNonCashOrPartialNonCashTransaction`	$3.40M	USD	Annual
Dividends declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$32.61M	USD	Point-in-time
Dividends declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$47.18M	USD	Point-in-time
Dividends declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$39.40M	USD	Point-in-time

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period (in shares)	`CommonStockSharesOutstanding`	142.38M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesOutstanding`	164.64M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$469.20M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$507.38M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$413.85M	USD	Annual
Common stock withheld related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.67M	USD	Annual
Common stock withheld related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.45M	USD	Annual
Common stock withheld related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$353.00K	USD	Annual
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$12.15M	USD	Annual
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.01M	USD	Annual
Costs related to issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$10.94M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$22.51M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$56.76M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-36.87M	USD	Annual
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.49M	USD	Annual
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.68M	USD	Annual
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.01M	USD	Annual
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$148.48M	USD	Annual
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$176.01M	USD	Annual
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$119.24M	USD	Annual
Net income	`ProfitLoss`	$134.74M	USD	Annual
Net income	`ProfitLoss`	$191.41M	USD	Annual
Net income	`ProfitLoss`	$96.21M	USD	Annual
Balance at end of period (in shares)	`CommonStockSharesOutstanding`	142.38M	shares	Point-in-time
Balance at end of period (in shares)	`CommonStockSharesOutstanding`	164.64M	shares	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$134.74M	USD	Annual
Net income	`ProfitLoss`	$191.41M	USD	Annual
Net income	`ProfitLoss`	$96.21M	USD	Annual
Deferred loss on cash flow hedges	`OtherComprehensiveIncomeLossTreasuryLockCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-4.82M	USD	Annual
Deferred loss on cash flow hedges	`OtherComprehensiveIncomeLossTreasuryLockCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	Annual
Deferred loss on cash flow hedges	`OtherComprehensiveIncomeLossTreasuryLockCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	Annual
Unrealized (loss) gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-9.19M	USD	Annual
Unrealized (loss) gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$56.74M	USD	Annual
Unrealized (loss) gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$17.27M	USD	Annual
Cash flow hedge loss reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-10.06M	USD	Annual
Cash flow hedge loss reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$27.69M	USD	Annual
Cash flow hedge loss reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-26.00K	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$22.51M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$56.76M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-36.87M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$154.54M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$191.50M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$118.72M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$708.00K	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$612.00K	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$486.00K	USD	Annual
Adjustment for other comprehensive income (loss) attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$1.26M	USD	Annual
Adjustment for other comprehensive income (loss) attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$113.00K	USD	Annual
Adjustment for other comprehensive income (loss) attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-174.00K	USD	Annual
Comprehensive income attributable to stockholders	`ComprehensiveIncomeNetOfTax`	$154.01M	USD	Annual
Comprehensive income attributable to stockholders	`ComprehensiveIncomeNetOfTax`	$189.63M	USD	Annual
Comprehensive income attributable to stockholders	`ComprehensiveIncomeNetOfTax`	$118.12M	USD	Annual

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