Brixmor Property Group Inc(NYSE:BRX)
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and o...
Website: http://www.brixmor.com
Founded: 2003
Full Time Employees: 477
Sector: Real Estate
Industry: REIT-Retail
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 |
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revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 354,337,000 | 352,209,000 | 340,618,000 | 339,397,000 | 337,241,000 | 328,356,000 | 319,989,000 | 315,587,000 | 319,489,000 | 316,404,000 | 307,118,000 | 309,192,000 | 311,130,000 | 308,459,000 | 304,643,000 | 305,898,000 | 298,362,000 | 292,897,000 | 290,013,000 | 286,933,000 | 276,461,000 | 269,308,000 | 253,799,000 | 247,434,000 | 280,402,000 | 292,955,000 | 292,732,000 | 290,737,000 | 289,955,000 | 229,541,000 | 239,217,000 | 243,987,000 | 243,345,000 | 247,113,000 | 246,578,000 | 253,777,000 | 249,621,000 | 253,538,000 | 247,859,000 | 245,575,000 | 251,146,000 | 251,119,000 | 245,829,000 | 244,030,000 | 243,570,000 | 242,475,000 | 240,904,000 | 240,076,000 | 237,260,000 | -229,820,000 | 228,775,000 |
other revenues | 482,000 | 1,541,000 | 225,000 | 95,000 | 271,000 | 86,000 | 693,000 | 102,000 | 752,000 | 81,000 | 196,000 | 601,000 | 314,000 | 110,000 | 102,000 | 233,000 | 267,000 | 2,421,000 | 173,000 | 91,000 | 3,285,000 | 102,000 | 136,000 | 186,000 | 1,899,000 | 194,000 | 233,000 | 268,000 | 1,184,000 | 1,032,000 | 915,000 | 1,680,000 | 2,952,000 | 1,029,000 | 1,429,000 | 2,002,000 | 2,995,000 | 892,000 | 1,249,000 | 2,719,000 | 2,246,000 | -1,030,000 | 1,892,000 | 2,569,000 | 1,969,000 | 1,559,000 | 2,170,000 | 2,307,000 | 1,813,000 | -2,660,000 | 2,366,000 |
total revenues | 354,819,000 | 353,750,000 | 340,843,000 | 339,492,000 | 337,512,000 | 328,442,000 | 320,682,000 | 315,689,000 | 320,241,000 | 316,485,000 | 307,314,000 | 309,793,000 | 311,444,000 | 308,569,000 | 304,745,000 | 306,131,000 | 298,629,000 | 295,318,000 | 290,186,000 | 287,024,000 | 279,746,000 | 269,410,000 | 253,935,000 | 247,620,000 | 282,301,000 | 293,149,000 | 292,965,000 | 291,005,000 | 291,139,000 | 297,655,000 | 306,480,000 | 313,030,000 | 317,175,000 | 320,060,000 | 314,496,000 | 322,818,000 | 325,806,000 | 324,034,000 | 318,577,000 | 310,057,000 | 323,104,000 | 325,551,000 | 313,025,000 | 312,111,000 | 315,293,000 | 314,234,000 | 306,592,000 | 308,077,000 | 307,696,000 | -301,333,000 | 293,368,000 |
yoy | 5.13% | 7.71% | 6.29% | 7.54% | 5.39% | 3.78% | 4.35% | 1.90% | 2.82% | 2.57% | 0.84% | 1.20% | 4.29% | 4.49% | 5.02% | 6.66% | 6.75% | 9.62% | 14.28% | 15.91% | -0.91% | -8.10% | -13.32% | -14.91% | -3.04% | -1.51% | -4.41% | -7.04% | -8.21% | -7.00% | -2.55% | -3.03% | -2.65% | -1.23% | -1.28% | 4.12% | 0.84% | -0.47% | 1.77% | -0.66% | 2.48% | 3.60% | 2.10% | 1.31% | 2.47% | -204.28% | 4.51% | ||||
qoq | 0.30% | 3.79% | 0.40% | 0.59% | 2.76% | 2.42% | 1.58% | -1.42% | 1.19% | 2.98% | -0.80% | -0.53% | 0.93% | 1.25% | -0.45% | 2.51% | 1.12% | 1.77% | 1.10% | 2.60% | 3.84% | 6.09% | 2.55% | -12.29% | -3.70% | 0.06% | 0.67% | -0.05% | -2.19% | -2.88% | -2.09% | -1.31% | -0.90% | 1.77% | -2.58% | -0.92% | 0.55% | 1.71% | 2.75% | -4.04% | -0.75% | 4.00% | 0.29% | -1.01% | 0.34% | 2.49% | -0.48% | 0.12% | -202.11% | -202.72% | |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs | 41,914,000 | 44,306,000 | 38,891,000 | 39,877,000 | 39,211,000 | 42,307,000 | 36,442,000 | 36,919,000 | 37,157,000 | 39,815,000 | 35,058,000 | 35,705,000 | 35,895,000 | 38,816,000 | 33,299,000 | 34,497,000 | 34,796,000 | 39,128,000 | 32,774,000 | 28,755,000 | 31,385,000 | 31,392,000 | 24,794,000 | 25,136,000 | 30,356,000 | 34,738,000 | 29,573,000 | 29,307,000 | 31,258,000 | 34,877,000 | 31,969,000 | 33,881,000 | 35,490,000 | 35,137,000 | 30,505,000 | 33,025,000 | 37,425,000 | 35,922,000 | 31,041,000 | 31,415,000 | 35,051,000 | 35,698,000 | 27,952,000 | 30,667,000 | 35,160,000 | 33,553,000 | 28,805,000 | 31,902,000 | 34,888,000 | -27,984,000 | 29,267,000 |
real estate taxes | 45,403,000 | 44,324,000 | 45,455,000 | 43,559,000 | 44,893,000 | 43,632,000 | 42,902,000 | 36,349,000 | 41,408,000 | 42,961,000 | 42,156,000 | 43,712,000 | 44,688,000 | 42,260,000 | 44,179,000 | 42,304,000 | 41,640,000 | 40,838,000 | 39,763,000 | 42,257,000 | 42,888,000 | 42,147,000 | 42,124,000 | 41,808,000 | 42,864,000 | 40,785,000 | 43,688,000 | 43,189,000 | 43,326,000 | 42,018,000 | 44,711,000 | 44,947,000 | 45,725,000 | 43,490,000 | 45,076,000 | 44,064,000 | 46,467,000 | 43,601,000 | 47,812,000 | 38,683,000 | 44,391,000 | 47,276,000 | 45,472,000 | 43,974,000 | 44,189,000 | 46,854,000 | 44,369,000 | 43,835,000 | 44,446,000 | -49,411,000 | 43,656,000 |
depreciation and amortization | 105,202,000 | 102,822,000 | 103,234,000 | 103,277,000 | 105,597,000 | 103,331,000 | 94,829,000 | 92,018,000 | 91,218,000 | 89,470,000 | 96,254,000 | 88,812,000 | 87,741,000 | 90,599,000 | 84,773,000 | 85,137,000 | 84,222,000 | 80,796,000 | 81,724,000 | 81,212,000 | 83,420,000 | 84,249,000 | 87,488,000 | 80,829,000 | 83,017,000 | 82,606,000 | 82,837,000 | 81,593,000 | 85,395,000 | 85,345,000 | 85,183,000 | 91,334,000 | 90,383,000 | 89,988,000 | 94,239,000 | 96,870,000 | 93,931,000 | 92,668,000 | 98,337,000 | 95,818,000 | 100,479,000 | 102,511,000 | 102,439,000 | 104,441,000 | 108,544,000 | 107,546,000 | 111,150,000 | 109,666,000 | 113,268,000 | -43,591,000 | 110,582,000 |
general and administrative | 28,192,000 | 28,631,000 | 26,772,000 | 29,093,000 | 28,173,000 | 27,933,000 | 30,250,000 | 29,689,000 | 28,491,000 | 30,260,000 | 29,182,000 | 28,514,000 | 29,172,000 | 30,429,000 | 29,094,000 | 29,702,000 | 28,000,000 | 29,039,000 | 25,309,000 | 26,461,000 | 24,645,000 | 23,499,000 | 27,748,000 | 24,436,000 | 22,597,000 | 27,141,000 | 24,550,000 | 25,175,000 | 25,443,000 | 28,641,000 | 21,209,000 | 21,320,000 | 22,426,000 | 25,204,000 | 22,838,000 | 23,248,000 | 20,957,000 | 22,539,000 | 21,787,000 | 27,198,000 | 20,724,000 | 25,424,000 | 22,030,000 | 20,285,000 | 30,715,000 | 20,954,000 | 19,624,000 | 19,939,000 | 19,658,000 | -14,964,000 | 23,605,000 |
total operating expenses | 220,711,000 | 224,469,000 | 230,427,000 | 215,806,000 | 217,874,000 | 217,203,000 | 210,286,000 | 200,255,000 | 198,274,000 | 202,506,000 | 202,650,000 | 213,479,000 | 198,596,000 | 203,231,000 | 191,345,000 | 191,647,000 | 193,248,000 | 189,801,000 | 179,570,000 | 179,116,000 | 183,805,000 | 184,532,000 | 187,900,000 | 178,171,000 | 183,432,000 | 192,204,000 | 188,818,000 | 185,450,000 | 188,534,000 | 203,599,000 | 202,538,000 | 204,358,000 | 212,341,000 | 207,840,000 | 204,939,000 | 209,596,000 | 205,516,000 | 200,516,000 | 203,166,000 | 194,735,000 | 203,385,000 | 213,674,000 | 199,846,000 | 201,892,000 | 221,910,000 | 211,808,000 | 206,719,000 | 208,330,000 | 215,137,000 | -123,387,000 | 210,424,000 |
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and interest | 3,205,000 | 3,649,000 | 1,191,000 | 1,190,000 | 1,706,000 | 4,978,000 | 5,289,000 | 6,632,000 | 3,877,000 | 321,000 | 273,000 | 57,000 | 15,000 | 116,000 | 88,000 | 35,000 | 75,000 | 57,000 | 51,000 | 104,000 | 87,000 | 147,000 | 109,000 | 102,000 | 124,000 | 124,000 | 128,000 | 300,000 | 147,000 | 163,000 | 156,000 | 104,000 | 96,000 | 131,000 | 76,000 | 85,000 | 73,000 | 61,000 | 89,000 | 319,000 | 73,000 | 74,000 | 57,000 | 90,000 | 94,000 | 166,000 | 169,000 | 159,000 | 108,000 | 13,000 | 209,000 |
interest expense | -59,392,000 | -59,516,000 | -56,680,000 | -54,409,000 | -54,084,000 | -55,441,000 | -55,410,000 | -53,655,000 | -51,488,000 | -47,204,000 | -47,364,000 | -47,485,000 | -48,680,000 | -48,493,000 | -48,726,000 | -47,886,000 | -47,322,000 | -47,175,000 | -48,918,000 | -49,689,000 | -48,994,000 | -51,791,000 | -50,991,000 | -49,852,000 | -47,354,000 | -46,936,000 | -47,698,000 | -48,475,000 | -46,666,000 | -49,290,000 | -55,364,000 | -55,200,000 | -55,171,000 | -56,076,000 | -57,410,000 | -57,443,000 | -55,731,000 | -55,189,000 | -57,855,000 | -56,184,000 | -57,443,000 | -58,723,000 | -61,567,000 | -62,158,000 | -62,564,000 | -63,348,000 | -65,545,000 | -65,953,000 | -67,966,000 | 72,915,000 | -86,134,000 |
gain on sale of real estate assets | 52,097,000 | 64,496,000 | 40,018,000 | 15,755,000 | 3,070,000 | 24,090,000 | 37,018,000 | 1,814,000 | 15,142,000 | 6,402,000 | 6,712,000 | 3,857,000 | 48,468,000 | 50,896,000 | 15,768,000 | 22,988,000 | 21,911,000 | 23,603,000 | 11,122,000 | 32,603,000 | 5,764,000 | 11,281,000 | 13,621,000 | 692,000 | 8,905,000 | 8,501,000 | 25,621,000 | 13,043,000 | 7,602,000 | 50,125,000 | 119,333,000 | 28,262,000 | 11,448,000 | 13,927,000 | 25,942,000 | 20,173,000 | 8,805,000 | 25,381,000 | 2,450,000 | 7,782,000 | 2,306,000 | 9,224,000 | 378,000 | ||||||||
other | -2,261,000 | -780,000 | -703,000 | -780,000 | -593,000 | -1,460,000 | -726,000 | -381,000 | -593,000 | -801,000 | -555,000 | -685,000 | -405,000 | -702,000 | -789,000 | -1,609,000 | -539,000 | -759,000 | 390,000 | -466,000 | 770,000 | -2,500,000 | -780,000 | -961,000 | -758,000 | -575,000 | -401,000 | -756,000 | -818,000 | -586,000 | -962,000 | -1,185,000 | -53,000 | -316,000 | -1,200,000 | -684,000 | -707,000 | -699,000 | -1,370,000 | -1,981,000 | -907,000 | -233,000 | 2,880,000 | -2,811,000 | -184,000 | -3,096,000 | -1,205,000 | -1,969,000 | -2,161,000 | 29,024,000 | -22,231,000 |
total other expense | -6,351,000 | 7,849,000 | -16,174,000 | -38,540,000 | -49,901,000 | -27,833,000 | -13,556,000 | -45,309,000 | -33,062,000 | -41,282,000 | -40,928,000 | -39,906,000 | -602,000 | 1,817,000 | -33,659,000 | -26,693,000 | -25,875,000 | -24,274,000 | -64,471,000 | -17,480,000 | -43,570,000 | -60,474,000 | -38,091,000 | -60,405,000 | -39,088,000 | -36,595,000 | -39,705,000 | -28,310,000 | -43,812,000 | -29,383,250 | -30,764,000 | -37,947,000 | -48,822,000 | -41,494,000 | -57,728,000 | -49,971,000 | -58,277,000 | -44,004,250 | -58,493,000 | -55,162,000 | -62,362,000 | -75,016,500 | -106,654,000 | ||||||||
net income | 127,757,000 | 137,130,000 | 94,242,000 | 85,146,000 | 69,737,000 | 83,406,000 | 96,840,000 | 70,125,000 | 88,905,000 | 72,697,000 | 63,736,000 | 56,408,000 | 112,246,000 | 107,155,000 | 79,741,000 | 87,791,000 | 79,506,000 | 81,243,000 | 46,145,000 | 90,428,000 | 52,371,000 | 24,404,000 | 27,944,000 | 9,044,000 | 59,781,000 | 62,059,000 | 80,854,000 | 68,960,000 | 62,900,000 | 77,554,000 | 147,346,000 | 80,362,000 | 61,022,000 | 69,896,000 | 83,380,000 | 75,438,000 | 71,655,000 | 93,318,000 | 57,805,000 | 65,470,000 | 61,549,000 | 56,414,000 | 54,819,000 | 55,167,000 | 31,136,000 | 25,949,000 | 33,864,000 | 31,298,000 | 41,740,000 | 259,981,000 | -24,555,000 |
yoy | 83.20% | 64.41% | -2.68% | 21.42% | -21.56% | 14.73% | 51.94% | 24.32% | -20.79% | -32.16% | -20.07% | -35.75% | 41.18% | 31.89% | 72.81% | -2.92% | 51.81% | 232.91% | 65.13% | 899.87% | -12.40% | -60.68% | -65.44% | -86.89% | -4.96% | -19.98% | -45.13% | -14.19% | 3.08% | 10.96% | 76.72% | 6.53% | -14.84% | -25.10% | 44.24% | 15.23% | 16.42% | 65.42% | 5.45% | 18.68% | 97.68% | 117.40% | 61.88% | 76.26% | -25.40% | -90.02% | -237.91% | ||||
qoq | -6.84% | 45.51% | 10.68% | 22.10% | -16.39% | -13.87% | 38.10% | -21.12% | 22.30% | 14.06% | 12.99% | -49.75% | 4.75% | 34.38% | -9.17% | 10.42% | -2.14% | 76.06% | -48.97% | 72.67% | 114.60% | -12.67% | 208.98% | -84.87% | -3.67% | -23.25% | 17.25% | 9.63% | -18.90% | -47.37% | 83.35% | 31.69% | -12.70% | -16.17% | 10.53% | 5.28% | -23.21% | 61.44% | -11.71% | 6.37% | 9.10% | 2.91% | -0.63% | 77.18% | 19.99% | -23.37% | 8.20% | -25.02% | -83.94% | -1158.77% | |
net income margin % | 36.01% | 38.76% | 27.65% | 25.08% | 20.66% | 25.39% | 30.20% | 22.21% | 27.76% | 22.97% | 20.74% | 18.21% | 36.04% | 34.73% | 26.17% | 28.68% | 26.62% | 27.51% | 15.90% | 31.51% | 18.72% | 9.06% | 11.00% | 3.65% | 21.18% | 21.17% | 27.60% | 23.70% | 21.60% | 26.05% | 48.08% | 25.67% | 19.24% | 21.84% | 26.51% | 23.37% | 21.99% | 28.80% | 18.14% | 21.12% | 19.05% | 17.33% | 17.51% | 17.68% | 9.88% | 8.26% | 11.05% | 10.16% | 13.57% | -86.28% | -8.37% |
net income attributable to non-controlling interests | -7,000 | -5,000 | -7,000 | -7,000 | -8,000 | -76,000 | -115,000 | -313,000 | -1,014,000 | -1,072,000 | -703,500 | -1,046,000 | -1,055,000 | -713,000 | |||||||||||||||||||||||||||||||||||||
net income attributable to brixmor property group inc. | 127,750,000 | 137,125,000 | 94,235,000 | 85,139,000 | 69,729,000 | 77,554,000 | 147,346,000 | 80,362,000 | 69,896,000 | 83,380,000 | 75,438,000 | ||||||||||||||||||||||||||||||||||||||||
net income attributable to brixmor property group inc. per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 420 | 202.5 | 310 | 280 | 230 | 260 | 490 | 270 | 200 | 220 | 270 | 250 | 230 | 300 | 190 | 210 | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||
diluted | 410 | 202.5 | 310 | 280 | 230 | 260 | 490 | 260 | 200 | 230 | 270 | 250 | 230 | 300 | 190 | 210 | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||
weighted-average shares: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 307,024,000 | 307,181,000 | 307,193,000 | 306,975,000 | 306,766,000 | 303,130,000 | 302,676,000 | 302,197,000 | 302,021,000 | 300,977,000 | 301,007,000 | 300,961,000 | 300,821,000 | 299,938,000 | 300,213,000 | 299,992,000 | 298,528,000 | 297,408,000 | 297,188,000 | 297,216,000 | 297,110,000 | 296,972,000 | 296,562,000 | 296,546,000 | 297,841,000 | 298,229,000 | 298,031,000 | 298,140,000 | 298,599,000 | 302,074,000 | 302,170,000 | 302,776,000 | 304,158,000 | 304,834,000 | 304,936,000 | 304,914,000 | 304,569,000 | 301,601,000 | 303,013,000 | 299,872,000 | 299,180,000 | 298,004,000 | 298,464,000 | 298,464,000 | 296,189,000 | 243,390,000 | 244,078,000 | 228,978,000 | 228,113,000 | ||
diluted | 307,679,000 | 307,866,000 | 308,084,000 | 307,609,000 | 307,252,000 | 304,038,000 | 303,608,000 | 302,903,000 | 302,712,000 | 302,376,000 | 302,511,000 | 302,285,000 | 301,833,000 | 301,742,000 | 301,341,000 | 301,094,000 | 299,457,000 | 298,835,000 | 298,269,000 | 298,277,000 | 297,846,000 | 297,899,000 | 296,862,000 | 296,773,000 | 298,264,000 | 299,334,000 | 298,879,000 | 298,893,000 | 299,029,000 | 302,339,000 | 302,382,000 | 302,934,000 | 304,278,000 | 305,281,000 | 305,176,000 | 305,115,000 | 304,795,000 | 305,060,000 | 303,521,000 | 300,204,000 | 299,379,000 | 305,017,000 | 298,936,000 | 298,994,000 | 297,715,000 | 244,588,000 | 244,835,000 | 230,469,000 | 229,365,000 | ||
the accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate assets | 4,386,000 | 16,075,000 | 5,863,000 | 5,280,000 | 16,736,000 | 1,100,000 | 1,127,000 | 7,000 | 4,590,000 | 431,000 | 1,467,000 | 3,245,000 | 5,746,000 | 5,962,000 | 4,598,000 | 6,934,000 | 8,170,000 | 6,186,000 | 3,112,000 | 9,094,000 | 16,372,000 | 11,927,000 | 15,902,000 | 12,721,000 | 11,065,000 | 10,632,000 | 5,686,000 | 3,183,000 | 1,971,000 | 198,000 | 807,000 | 7,278,250 | |||||||||||||||||||
gain on extinguishment of debt | -296,000 | 273,000 | 281,000 | 6,000 | 4,350,000 | -5,000 | 30,000 | -16,914,000 | -19,759,000 | 10,000 | 1,828,000 | -78,000 | 117,000 | -1,042,000 | 93,000 | 798,000 | 137,000 | 493,000 | 292,000 | -643,250 | 460,000 | -757,000 | -2,276,000 | ||||||||||||||||||||||||||||
net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 280 | 320 | 230 | 290 | 240 | 210 | 190 | 370 | 360 | 260 | 290 | 270 | 280 | 150 | 300 | 180 | 90 | 90 | 30 | 200 | |||||||||||||||||||||||||||||||
diluted | 270 | 320 | 230 | 290 | 240 | 210 | 190 | 370 | 350 | 260 | 290 | 260 | 270 | 150 | 300 | 180 | 90 | 90 | 30 | 200 | |||||||||||||||||||||||||||||||
loss on extinguishment of debt | -221,000 | -27,116,000 | -32,000 | -1,197,000 | -17,611,000 | -50,000 | -10,386,000 | -405,000 | -943,000 | -707,000 | -291,000 | -132,000 | -1,262,000 | ||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 1,614,500 | 3,094,000 | 949,000 | 2,415,000 | 1,005,750 | 1,216,000 | 1,757,000 | 1,050,000 | 1,644,750 | 2,218,000 | 1,621,000 | 2,740,000 | 1,743,250 | 1,953,000 | 2,525,000 | 2,495,000 | 2,159,000 | 2,771,000 | 2,988,000 | 2,877,000 | 2,160,250 | 3,314,000 | |||||||||||||||||||||||||||||
total other income | -38,886,000 | -23,293,000 | -16,502,000 | 43,404,000 | -77,466,000 | -66,121,000 | -68,520,000 | -71,917,000 | |||||||||||||||||||||||||||||||||||||||||||
per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 177.5 | 270 | 230 | 210 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | 177.5 | 270 | 230 | 210 | |||||||||||||||||||||||||||||||||||||||||||||||
expense reimbursements | 67,082,000 | 66,348,000 | 67,363,000 | 70,878,000 | 71,918,000 | 66,489,000 | 67,039,000 | 73,190,000 | 69,604,000 | 69,469,000 | 61,763,000 | 69,712,000 | 75,462,000 | 65,304,000 | 65,512,000 | 69,754,000 | 70,200,000 | 63,518,000 | 65,694,000 | 68,623,000 | -68,853,000 | 62,227,000 | |||||||||||||||||||||||||||||
income before equity in income of unconsolidated joint venture | 77,554,000 | 147,346,000 | 80,362,000 | 61,022,000 | 69,896,000 | 78,793,000 | 75,275,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in income of unconsolidated joint venture | 31,000 | 163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of unconsolidated joint venture interest | 4,556,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 77,554,000 | 147,346,000 | 80,362,000 | 61,022,000 | 69,896,000 | 83,380,000 | 75,399,000 | 71,579,000 | 93,053,000 | 57,492,000 | 64,456,000 | 60,477,000 | 55,262,000 | 53,773,000 | 54,112,000 | 30,423,000 | 22,948,000 | 27,030,000 | 23,473,000 | 15,401,000 | |||||||||||||||||||||||||||||||
net income attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 420 | 202.5 | 310 | 280 | 230 | 260 | 490 | 270 | 200 | 220 | 270 | 250 | 230 | 300 | 190 | 210 | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||
diluted | 410 | 202.5 | 310 | 280 | 230 | 260 | 490 | 260 | 200 | 230 | 270 | 250 | 230 | 300 | 190 | 210 | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||
income before equity in income of unconsolidated joint ventures | 71,468,000 | 93,189,000 | 57,683,000 | 65,351,000 | 61,442,000 | 56,313,000 | 54,686,000 | 55,057,000 | 31,021,000 | 24,960,000 | 33,752,000 | 31,227,000 | 20,642,000 | ||||||||||||||||||||||||||||||||||||||
equity in income of unconsolidated joint ventures | 187,000 | 129,000 | 122,000 | 119,000 | 107,000 | 101,000 | 133,000 | 110,000 | 115,000 | 122,000 | 112,000 | 71,000 | 65,000 | -1,161,000 | 247,000 | ||||||||||||||||||||||||||||||||||||
income from continuing operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||||||||||||||||||
diluted | 200 | 190 | 180 | 180 | 100 | 80 | 110 | 100 | 70 | ||||||||||||||||||||||||||||||||||||||||||
gain on disposition of investments in unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 56,414,000 | 54,819,000 | 55,167,000 | 31,136,000 | 25,082,000 | 33,864,000 | 31,298,000 | 22,527,000 | |||||||||||||||||||||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 122,000 | 4,787,000 | -2,577,000 | 191,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties | 745,000 | 14,426,000 | 657,750 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets and acquisition of joint venture interest | |||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interests | -10,249,500 | -6,834,000 | -7,825,000 | -26,339,000 | 6,312,000 | 5,716,000 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of vested common shares: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 307,024,000 | 307,181,000 | 307,193,000 | 306,975,000 | 306,766,000 | 303,130,000 | 302,676,000 | 302,197,000 | 302,021,000 | 300,977,000 | 301,007,000 | 300,961,000 | 300,821,000 | 299,938,000 | 300,213,000 | 299,992,000 | 298,528,000 | 297,408,000 | 297,188,000 | 297,216,000 | 297,110,000 | 296,972,000 | 296,562,000 | 296,546,000 | 297,841,000 | 298,229,000 | 298,031,000 | 298,140,000 | 298,599,000 | 302,074,000 | 302,170,000 | 302,776,000 | 304,158,000 | 304,834,000 | 304,936,000 | 304,914,000 | 304,569,000 | 301,601,000 | 303,013,000 | 299,872,000 | 299,180,000 | 298,004,000 | 298,464,000 | 298,464,000 | 296,189,000 | 243,390,000 | 244,078,000 | 228,978,000 | 228,113,000 | ||
diluted | 307,679,000 | 307,866,000 | 308,084,000 | 307,609,000 | 307,252,000 | 304,038,000 | 303,608,000 | 302,903,000 | 302,712,000 | 302,376,000 | 302,511,000 | 302,285,000 | 301,833,000 | 301,742,000 | 301,341,000 | 301,094,000 | 299,457,000 | 298,835,000 | 298,269,000 | 298,277,000 | 297,846,000 | 297,899,000 | 296,862,000 | 296,773,000 | 298,264,000 | 299,334,000 | 298,879,000 | 298,893,000 | 299,029,000 | 302,339,000 | 302,382,000 | 302,934,000 | 304,278,000 | 305,281,000 | 305,176,000 | 305,115,000 | 304,795,000 | 305,060,000 | 303,521,000 | 300,204,000 | 299,379,000 | 305,017,000 | 298,936,000 | 298,994,000 | 297,715,000 | 244,588,000 | 244,835,000 | 230,469,000 | 229,365,000 | ||
gain on disposal of investments in unconsolidated joint ventures | 1,820,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on real estate held for sale | -3,935,250 | -1,283,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of real estate assets and acquisition of joint venture interest | 555,750 | 1,502,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loss before equity in income of unconsolidated joint ventures | -23,788,500 | -23,710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -23,538,250 | -23,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -3,173,000 | -1,092,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -20,399,250 | -18,839,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||
-basic | 1,050 | -100 | |||||||||||||||||||||||||||||||||||||||||||||||||
-diluted | 1,050 | -100 | |||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common outstanding shares |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||
real estate | 8,109,147,000 | 8,198,851,000 | 8,099,824,000 | 7,937,484,000 | 7,964,159,000 | 7,998,878,000 | 7,792,610,000 | 7,746,876,000 | 7,736,573,000 | 7,796,907,000 | 7,793,248,000 | 7,802,486,000 | 7,835,257,000 | 7,901,592,000 | 7,930,249,000 | 7,942,345,000 | 7,725,091,000 | 7,615,085,000 | 7,458,869,000 | 7,513,754,000 | 7,474,043,000 | 7,504,113,000 | 7,564,158,000 | 7,596,826,000 | 7,622,572,000 | 7,642,350,000 | 7,668,677,000 | 7,729,795,000 | 7,687,693,000 | 7,749,650,000 | 7,896,189,000 | 8,253,081,000 | 8,452,887,000 | 8,560,421,000 | 8,610,429,000 | 8,734,523,000 | 8,870,259,000 | 8,842,004,000 | 8,859,761,000 | 8,929,664,000 | 8,990,042,000 | 9,052,165,000 | 9,111,681,000 | 9,167,136,000 | 9,174,599,000 | 9,253,015,000 | 9,297,125,000 | 9,351,362,000 | 9,413,417,000 | 9,647,558,000 | 8,836,459,000 |
land | 1,837,739,000 | 1,849,779,000 | 1,835,928,000 | 1,829,811,000 | 1,833,408,000 | 1,834,814,000 | 1,791,843,000 | 1,779,106,000 | 1,779,318,000 | 1,794,011,000 | 1,795,807,000 | 1,799,837,000 | 1,806,186,000 | 1,820,358,000 | 1,830,251,000 | 1,834,558,000 | 1,807,111,000 | 1,773,448,000 | 1,736,876,000 | 1,749,145,000 | 1,737,338,000 | 1,740,263,000 | 1,754,708,000 | 1,758,946,000 | 1,764,323,000 | 1,767,029,000 | 1,779,161,000 | 1,805,993,000 | 1,794,709,000 | 1,804,504,000 | 1,845,114,000 | 1,928,473,000 | 1,962,364,000 | 1,984,309,000 | 1,985,781,000 | 2,005,648,000 | 2,015,450,000 | 2,006,655,000 | 2,004,264,000 | 2,010,074,000 | 2,012,905,000 | 2,011,947,000 | 2,015,176,000 | 2,008,601,000 | 1,998,924,000 | 2,000,415,000 | 1,998,837,000 | 1,998,895,000 | 1,998,902,000 | 2,055,802,000 | 1,904,533,000 |
buildings and improvements | 9,907,526,000 | 9,937,718,000 | 9,824,404,000 | 9,606,900,000 | 9,576,745,000 | 9,574,243,000 | 9,373,627,000 | 9,282,873,000 | 9,208,904,000 | 9,201,876,000 | 9,128,624,000 | 9,081,191,000 | 9,051,939,000 | 9,077,993,000 | 9,043,590,000 | 8,992,989,000 | 8,765,794,000 | 8,654,966,000 | 8,507,220,000 | 8,509,731,000 | 8,443,510,000 | 8,423,298,000 | 8,432,594,000 | 8,419,007,000 | 8,385,260,000 | 8,356,571,000 | 8,342,194,000 | 8,347,955,000 | 8,279,076,000 | 8,294,273,000 | 8,409,857,000 | 8,727,106,000 | 8,896,102,000 | 8,937,182,000 | 8,944,738,000 | 9,009,456,000 | 9,080,827,000 | 9,002,403,000 | 8,955,726,000 | 8,953,635,000 | 8,934,306,000 | 8,920,903,000 | 8,895,181,000 | 8,870,376,000 | 8,804,004,000 | 8,801,834,000 | 8,751,020,000 | 8,713,114,000 | 8,674,870,000 | 8,781,926,000 | 8,017,597,000 |
real estate - sum | 11,745,265,000 | 11,787,497,000 | 11,660,332,000 | 11,436,711,000 | 11,410,153,000 | 11,409,057,000 | 11,165,470,000 | 11,061,979,000 | 10,988,222,000 | 10,995,887,000 | 10,924,431,000 | 10,881,028,000 | 10,858,125,000 | 10,898,351,000 | 10,873,841,000 | 10,827,547,000 | 10,572,905,000 | 10,428,414,000 | 10,244,096,000 | 10,258,876,000 | 10,180,848,000 | 10,163,561,000 | 10,187,302,000 | 10,177,953,000 | 10,149,583,000 | 10,121,355,000 | 10,153,948,000 | 10,073,785,000 | 10,254,971,000 | 10,655,579,000 | 10,858,466,000 | 10,930,519,000 | 11,015,104,000 | 11,096,277,000 | 10,959,990,000 | 10,963,709,000 | 10,947,211,000 | 10,910,357,000 | 10,878,977,000 | 10,802,928,000 | 10,749,857,000 | 10,712,009,000 | 10,673,772,000 | 9,922,130,000 | |||||||
accumulated depreciation and amortization | -3,636,118,000 | -3,588,646,000 | -3,560,508,000 | -3,499,227,000 | -3,445,994,000 | -3,410,179,000 | -3,372,860,000 | -3,315,103,000 | -3,251,649,000 | -3,198,980,000 | -3,131,183,000 | -3,078,542,000 | -3,022,868,000 | -2,996,759,000 | -2,943,592,000 | -2,885,202,000 | -2,847,814,000 | -2,813,329,000 | -2,785,227,000 | -2,745,122,000 | -2,706,805,000 | -2,659,448,000 | -2,623,144,000 | -2,581,127,000 | -2,527,011,000 | -2,481,250,000 | -2,452,678,000 | -2,424,153,000 | -2,386,092,000 | -2,349,127,000 | -2,358,782,000 | -2,402,498,000 | -2,405,579,000 | -2,361,070,000 | -2,320,090,000 | -2,280,581,000 | -2,226,018,000 | -2,167,054,000 | -2,100,229,000 | -2,034,045,000 | -1,957,169,000 | -1,880,685,000 | -1,798,676,000 | -1,711,841,000 | -1,628,329,000 | -1,549,234,000 | -1,452,732,000 | -1,360,647,000 | -1,260,355,000 | -1,190,170,000 | -1,085,671,000 |
cash and cash equivalents | 323,934,000 | 334,422,000 | 331,544,000 | 104,973,000 | 106,534,000 | 377,616,000 | 451,326,000 | 473,615,000 | 407,105,000 | 866,000 | 861,000 | 13,646,000 | 3,430,000 | 16,492,000 | 23,591,000 | 16,828,000 | 31,567,000 | 296,632,000 | 397,198,000 | 404,144,000 | 371,402,000 | 368,675,000 | 609,812,000 | 318,540,000 | 584,830,000 | 19,097,000 | 29,072,000 | 10,809,000 | 349,000 | 41,745,000 | 19,607,000 | 53,418,000 | 27,332,000 | 56,938,000 | 29,978,000 | 54,479,000 | 59,883,000 | 51,402,000 | 31,143,000 | 114,272,000 | 105,822,000 | 69,528,000 | 37,983,000 | 42,735,000 | 68,184,000 | 60,595,000 | 92,758,000 | 61,830,000 | 55,696,000 | 113,915,000 | 137,376,000 |
restricted cash | 100,633,000 | 27,108,000 | 44,962,000 | 897,000 | 894,000 | 1,076,000 | 1,121,000 | 1,341,000 | 11,306,000 | 18,038,000 | 17,822,000 | 1,214,000 | 31,999,000 | 4,767,000 | 7,661,000 | 11,928,000 | 8,817,000 | 1,111,000 | 7,166,000 | 1,242,000 | 1,282,000 | 1,412,000 | 1,408,000 | 1,451,000 | 2,261,000 | 2,426,000 | 2,409,000 | 2,447,000 | 3,057,000 | 9,020,000 | 45,412,000 | 48,206,000 | 65,437,000 | 53,839,000 | 112,040,000 | 68,165,000 | 44,499,000 | 51,467,000 | 45,662,000 | 47,861,000 | 44,211,000 | 41,462,000 | 52,763,000 | 61,163,000 | 61,687,000 | 53,164,000 | 56,240,000 | 64,927,000 | 65,417,000 | 75,457,000 | 82,123,000 |
marketable securities | 20,480,000 | 21,283,000 | 21,691,000 | 19,399,000 | 19,913,000 | 20,301,000 | 21,205,000 | 21,985,000 | 19,519,000 | 19,914,000 | 20,609,000 | 21,105,000 | 20,642,000 | 21,669,000 | 22,047,000 | 19,661,000 | 19,315,000 | 20,224,000 | 20,769,000 | 18,188,000 | 18,737,000 | 19,548,000 | 19,987,000 | 20,765,000 | 17,550,000 | 18,054,000 | 19,109,000 | 15,813,000 | 29,634,000 | 30,243,000 | 30,725,000 | 31,226,000 | 27,063,000 | 28,006,000 | 28,840,000 | 24,775,000 | 24,730,000 | 25,573,000 | 26,580,000 | 28,752,000 | 23,166,000 | 23,001,000 | 24,589,000 | 20,034,000 | 20,028,000 | 20,315,000 | 21,225,000 | 21,647,000 | 25,414,000 | 22,104,000 | 22,962,000 |
receivables | 302,774,000 | 315,128,000 | 306,179,000 | 285,057,000 | 274,082,000 | 281,947,000 | 260,571,000 | 252,664,000 | 248,041,000 | 278,775,000 | 262,774,000 | 253,791,000 | 246,914,000 | 264,146,000 | 249,039,000 | 245,459,000 | 239,856,000 | 234,873,000 | 229,421,000 | 228,583,000 | 231,461,000 | 240,323,000 | 246,295,000 | 274,532,000 | 232,217,000 | 234,246,000 | 223,323,000 | 221,683,000 | 236,391,000 | 178,801,000 | 182,424,000 | 170,615,000 | 171,131,000 | 167,780,000 | 178,505,000 | 178,304,000 | |||||||||||||||
deferred charges and prepaid expenses | 170,538,000 | 169,326,000 | 174,151,000 | 171,762,000 | 165,172,000 | 167,080,000 | 172,947,000 | 169,872,000 | 165,625,000 | 164,061,000 | 167,997,000 | 161,866,000 | 157,034,000 | 154,141,000 | 160,063,000 | 151,897,000 | 144,401,000 | 143,503,000 | 147,014,000 | 139,974,000 | 136,251,000 | 139,260,000 | 146,911,000 | 141,645,000 | 143,949,000 | 143,973,000 | 151,125,000 | 144,178,000 | 143,535,000 | 145,662,000 | 150,232,000 | 147,321,000 | 145,421,000 | 147,508,000 | 143,140,000 | 131,175,000 | 127,532,000 | 122,787,000 | 127,201,000 | 115,266,000 | 109,813,000 | 109,149,000 | 106,512,000 | 97,923,000 | 117,972,000 | 114,758,000 | 118,933,000 | 111,064,000 | 104,393,000 | 105,522,000 | 104,875,000 |
real estate assets held for sale | 5,290,000 | 4,551,000 | 7,408,000 | 8,290,000 | 4,976,000 | 4,189,000 | 11,048,000 | 10,013,000 | 10,439,000 | 30,001,000 | 23,201,000 | 24,398,000 | 16,131,000 | 42,011,000 | 12,389,000 | 18,014,000 | 10,514,000 | 4,649,000 | 22,171,000 | 6,186,000 | 32,085,000 | 9,093,000 | 2,901,000 | ||||||||||||||||||||||||||||
other assets | 70,595,000 | 62,468,000 | 63,494,000 | 78,526,000 | 59,029,000 | 57,827,000 | 50,037,000 | 53,300,000 | 56,045,000 | 54,155,000 | 62,566,000 | 62,556,000 | 59,522,000 | 62,684,000 | 63,068,000 | 58,406,000 | 52,732,000 | 49,834,000 | 48,665,000 | 49,288,000 | 49,521,000 | 50,802,000 | 51,590,000 | 52,012,000 | 54,055,000 | 60,179,000 | 60,260,000 | 63,713,000 | 74,178,000 | 34,903,000 | 124,491,000 | 97,303,000 | 50,406,000 | 75,103,000 | 51,920,000 | 56,744,000 | 42,693,000 | 40,315,000 | 41,232,000 | 17,122,000 | 17,283,000 | 17,197,000 | 17,134,000 | 14,115,000 | 12,852,000 | 13,059,000 | 13,298,000 | 13,138,000 | 13,605,000 | 19,650,000 | 33,621,000 |
total assets | 9,103,391,000 | 9,133,137,000 | 9,049,253,000 | 8,606,388,000 | 8,594,759,000 | 8,908,914,000 | 8,749,817,000 | 8,730,701,000 | 8,644,214,000 | 8,332,716,000 | 8,335,890,000 | 8,316,664,000 | 8,354,798,000 | 8,435,930,000 | 8,485,719,000 | 8,469,725,000 | 8,246,177,000 | 8,377,393,000 | 8,351,113,000 | 8,355,173,000 | 8,295,086,000 | 8,342,147,000 | 8,640,161,000 | 8,416,285,000 | 8,662,083,000 | 8,142,496,000 | 8,160,161,000 | 8,220,523,000 | 8,183,930,000 | 8,242,421,000 | 8,497,438,000 | 8,850,547,000 | 8,987,858,000 | 9,153,926,000 | 9,196,220,000 | 9,297,074,000 | 9,359,098,000 | 9,319,685,000 | 9,312,709,000 | 9,427,789,000 | 9,465,258,000 | 9,498,007,000 | 9,527,623,000 | 9,577,504,000 | 9,639,179,000 | 9,702,402,000 | 9,775,410,000 | 9,800,203,000 | 9,850,809,000 | 10,171,916,000 | 9,404,875,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt obligations | 5,496,071,000 | 5,494,753,000 | 5,493,420,000 | 5,096,923,000 | 5,104,112,000 | 5,339,751,000 | 5,338,681,000 | 5,375,222,000 | 5,311,444,000 | 4,933,525,000 | 4,919,157,000 | 4,913,212,000 | 4,958,480,000 | 5,035,501,000 | 5,109,454,000 | 5,148,480,000 | 5,010,568,000 | 5,164,518,000 | 5,163,375,000 | 5,167,038,000 | 5,165,861,000 | 5,167,330,000 | 5,481,660,000 | 5,307,527,000 | 5,494,199,000 | 4,861,185,000 | 4,852,510,000 | 4,925,537,000 | 4,873,065,000 | 4,885,863,000 | 5,106,708,000 | 5,483,354,000 | 5,622,111,000 | 5,676,238,000 | 5,713,688,000 | 5,819,948,000 | 5,924,834,000 | 5,838,889,000 | 5,857,431,000 | 5,966,533,000 | 6,007,397,000 | 5,974,266,000 | 5,969,336,000 | 5,998,651,000 | 6,059,258,000 | 6,042,997,000 | 5,933,358,000 | 5,947,168,000 | 5,975,891,000 | 5,981,289,000 | 6,477,257,000 |
accounts payable, accrued expenses and other liabilities | 570,407,000 | 628,328,000 | 592,836,000 | 556,301,000 | 536,618,000 | 585,241,000 | 530,560,000 | 500,293,000 | 473,796,000 | 548,890,000 | 548,353,000 | 527,280,000 | 508,802,000 | 535,419,000 | 548,084,000 | 518,252,000 | 461,951,000 | 494,529,000 | 495,229,000 | 483,791,000 | 458,022,000 | 494,116,000 | 444,610,000 | 429,138,000 | 498,531,000 | 537,454,000 | 548,288,000 | 530,805,000 | 518,094,000 | 520,459,000 | 516,468,000 | 510,222,000 | 504,171,000 | 569,340,000 | 561,191,000 | 561,378,000 | 512,647,000 | 553,636,000 | 566,744,000 | 560,215,000 | 552,785,000 | 603,439,000 | 626,600,000 | 636,610,000 | 627,203,000 | 679,102,000 | 677,701,000 | 667,679,000 | 660,826,000 | 709,529,000 | 606,163,000 |
total liabilities | 6,066,478,000 | 6,123,081,000 | 6,086,256,000 | 5,653,224,000 | 5,640,730,000 | 5,924,992,000 | 5,869,241,000 | 5,875,515,000 | 5,785,240,000 | 5,482,415,000 | 5,467,510,000 | 5,440,492,000 | 5,467,282,000 | 5,570,920,000 | 5,657,538,000 | 5,666,732,000 | 5,472,519,000 | 5,659,047,000 | 5,658,604,000 | 5,650,829,000 | 5,623,883,000 | 5,661,446,000 | 5,926,270,000 | 5,736,665,000 | 5,992,730,000 | 5,398,639,000 | 5,400,798,000 | 5,456,342,000 | 5,391,159,000 | 5,406,322,000 | 5,623,176,000 | 5,993,576,000 | 6,126,282,000 | 6,245,578,000 | 6,274,879,000 | 6,381,326,000 | 6,437,481,000 | 6,392,525,000 | 6,424,175,000 | 6,526,748,000 | 6,560,182,000 | 6,577,705,000 | 6,595,936,000 | 6,635,261,000 | 6,686,461,000 | 6,722,099,000 | 6,732,529,000 | 6,736,317,000 | 6,758,187,000 | 6,865,929,000 | 7,256,398,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 3,068,000 | 3,061,000 | 3,061,000 | 3,061,000 | 3,061,000 | 3,055,000 | 3,020,000 | 3,013,000 | 3,013,000 | 3,006,000 | 3,006,000 | 3,006,000 | 3,005,000 | 2,999,000 | 2,999,000 | 2,997,000 | 2,995,000 | 2,972,000 | 2,970,000 | 2,970,000 | 2,969,000 | 2,965,000 | 2,965,000 | 2,965,000 | 2,964,000 | 2,979,000 | 2,978,000 | 2,978,000 | 2,980,000 | 2,985,000 | 2,999,000 | 3,026,000 | 3,028,000 | 3,046,000 | 3,049,000 | 3,049,000 | 3,049,000 | 3,043,000 | 3,043,000 | 3,011,000 | 2,992,000 | 2,991,000 | 2,985,000 | 2,985,000 | 2,985,000 | 2,966,000 | 2,451,000 | 2,451,000 | 2,297,000 | 2,297,000 | 1,822,000 |
additional paid-in capital | 3,424,070,000 | 3,437,853,000 | 3,432,972,000 | 3,428,611,000 | 3,424,042,000 | 3,431,043,000 | 3,331,941,000 | 3,307,357,000 | 3,301,402,000 | 3,310,590,000 | 3,303,935,000 | 3,297,798,000 | 3,292,779,000 | 3,299,496,000 | 3,292,045,000 | 3,279,775,000 | 3,269,719,000 | 3,231,732,000 | 3,220,183,000 | 3,215,948,000 | 3,211,665,000 | 3,213,990,000 | 3,210,579,000 | 3,207,116,000 | 3,205,072,000 | 3,230,625,000 | 3,226,531,000 | 3,223,058,000 | 3,222,844,000 | 3,233,329,000 | 3,254,722,000 | 3,300,636,000 | 3,301,482,000 | 3,330,466,000 | 3,333,696,000 | ||||||||||||||||
accumulated other comprehensive income | 9,409,000 | 1,722,000 | 1,895,000 | 2,084,000 | 4,075,000 | 8,218,000 | 12,377,000 | 9,526,000 | -2,700,000 | 12,192,000 | 11,103,000 | 5,120,000 | 8,851,000 | 8,028,000 | 2,298,000 | -9,543,000 | -13,207,000 | -7,887,000 | 6,048,000 | 15,973,000 | 27,121,000 | 28,363,000 | 28,898,000 | 24,211,000 | 20,054,000 | 21,027,000 | 24,139,000 | 21,519,000 | |||||||||||||||||||||||
distributions in excess of net income | -399,883,000 | -432,822,000 | -475,197,000 | -480,851,000 | -477,401,000 | -458,638,000 | -453,626,000 | -467,561,000 | -454,967,000 | -460,595,000 | -450,753,000 | -435,735,000 | -413,388,000 | -446,336,000 | -474,891,000 | -482,077,000 | -497,334,000 | -503,684,000 | -513,056,000 | -494,861,000 | -520,945,000 | -508,196,000 | -468,456,000 | -496,400,000 | -505,441,000 | -480,204,000 | -456,939,000 | -453,968,000 | -439,101,000 | -416,188,000 | -410,580,000 | -475,054,000 | -471,832,000 | -449,375,000 | -435,458,000 | -439,213,000 | -434,453,000 | -426,552,000 | -440,348,000 | -423,018,000 | -413,445,000 | -400,945,000 | |||||||||
total stockholders' equity | 3,036,664,000 | 3,009,814,000 | 2,962,731,000 | 2,952,905,000 | 2,953,777,000 | 2,983,678,000 | 2,434,381,000 | 2,450,430,000 | 2,320,313,000 | 2,342,468,000 | 1,606,606,000 | ||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 249,000 | 242,000 | 266,000 | 259,000 | 252,000 | 244,000 | 648,000 | 4,276,000 | 4,379,000 | 34,999,000 | 51,858,000 | 50,519,000 | 56,796,000 | 57,149,000 | 57,420,000 | 76,593,000 | 587,033,000 | 591,989,000 | 750,842,000 | 942,052,000 | 520,404,000 | ||||||||||||||||||||||||||||||
total equity | 3,036,913,000 | 3,010,056,000 | 2,962,997,000 | 2,953,164,000 | 2,954,029,000 | 2,983,922,000 | 2,880,576,000 | 2,855,186,000 | 2,858,974,000 | 2,850,301,000 | 2,868,380,000 | 2,876,172,000 | 2,887,516,000 | 2,865,010,000 | 2,828,181,000 | 2,802,993,000 | 2,773,658,000 | 2,718,346,000 | 2,692,509,000 | 2,704,344,000 | 2,671,203,000 | 2,680,701,000 | 2,713,891,000 | 2,679,620,000 | 2,669,353,000 | 2,743,857,000 | 2,759,363,000 | 2,764,181,000 | 2,792,771,000 | 2,836,099,000 | 2,874,262,000 | 2,856,971,000 | 2,861,576,000 | 2,908,348,000 | 2,921,341,000 | 2,915,748,000 | 2,921,617,000 | 2,927,160,000 | 2,888,534,000 | 2,901,041,000 | 2,905,076,000 | 2,920,302,000 | 2,931,687,000 | 2,942,243,000 | 2,952,718,000 | 2,980,303,000 | 3,021,414,000 | 3,042,419,000 | 3,071,155,000 | 3,284,520,000 | 2,127,010,000 |
total liabilities and equity | 9,103,391,000 | 9,133,137,000 | 9,049,253,000 | 8,606,388,000 | 8,594,759,000 | 8,908,914,000 | 8,749,817,000 | 8,730,701,000 | 8,644,214,000 | 8,332,716,000 | 8,335,890,000 | 8,316,664,000 | 8,354,798,000 | 8,435,930,000 | 8,485,719,000 | 8,469,725,000 | 8,246,177,000 | 8,377,393,000 | 8,351,113,000 | 8,355,173,000 | 8,295,086,000 | 8,342,147,000 | 8,640,161,000 | 8,416,285,000 | 8,662,083,000 | 8,142,496,000 | 8,160,161,000 | 8,220,523,000 | 8,183,930,000 | 8,242,421,000 | 8,497,438,000 | 8,850,547,000 | 8,987,858,000 | 9,153,926,000 | 9,196,220,000 | 9,297,074,000 | 9,359,098,000 | 9,319,685,000 | 9,312,709,000 | 9,427,789,000 | 9,465,258,000 | 9,498,007,000 | 9,527,623,000 | 9,577,504,000 | 9,639,179,000 | 9,702,402,000 | 9,775,410,000 | 9,800,203,000 | 9,850,809,000 | 10,171,916,000 | 9,404,875,000 |
the accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -759,000 | -1,722,000 | -12,674,000 | -17,588,000 | -19,713,000 | -22,486,000 | -28,058,000 | -31,197,000 | -34,061,000 | -33,242,000 | -15,000 | -1,281,000 | -2,448,000 | -2,509,000 | -6,227,000 | -6,136,000 | -6,838,000 | -4,435,000 | -3,866,000 | -8,365,000 | -6,608,000 | -6,812,000 | -7,732,000 | ||||||||||||||||||||||||||||
accounts receivable | 228,297,000 | 230,782,000 | 219,992,000 | 219,312,000 | 232,111,000 | 219,873,000 | 219,241,000 | 181,539,000 | 178,216,000 | 176,086,000 | 169,824,000 | 169,898,000 | 180,486,000 | 171,914,000 | 169,359,000 | ||||||||||||||||||||||||||||||||||||
investments in and advances to unconsolidated joint venture | 7,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 2,908,348,000 | 2,921,341,000 | 2,915,748,000 | 2,920,969,000 | 2,922,884,000 | 2,884,155,000 | 2,866,042,000 | 2,853,218,000 | 2,869,783,000 | 2,874,891,000 | 2,885,094,000 | 2,895,298,000 | 2,903,710,000 | ||||||||||||||||||||||||||||||||||||||
additional paid in capital | 3,330,885,000 | 3,328,234,000 | 3,324,874,000 | 3,321,475,000 | 3,287,330,000 | 3,266,119,000 | 3,270,246,000 | 3,260,930,000 | 3,257,439,000 | 3,255,023,000 | 3,223,941,000 | 2,710,839,000 | 2,709,311,000 | 2,551,947,000 | 2,543,690,000 | 1,749,040,000 | |||||||||||||||||||||||||||||||||||
investments in and advances to unconsolidated joint ventures | 7,963,000 | 7,921,000 | 5,044,000 | 5,028,000 | 5,023,000 | 5,019,000 | 5,047,000 | 5,039,000 | 5,056,000 | 5,072,000 | 5,216,000 | 5,104,000 | 5,087,000 | 9,205,000 | 9,155,000 | ||||||||||||||||||||||||||||||||||||
distributions in excess of net income/loss | -382,797,000 | -369,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions and accumulated losses | -355,872,000 | -318,762,000 | -275,043,000 | -252,967,000 | -227,323,000 | ||||||||||||||||||||||||||||||||||||||||||||||
financing liabilities | 121,470,000 | 121,470,000 | 121,470,000 | 175,111,000 | 172,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||
redeemable non-controlling interests | 21,467,000 | 21,467,000 | 21,467,000 | 21,467,000 | 21,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of accumulated loss | -196,707,000 | -136,524,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 127,757,000 | 137,130,000 | 94,242,000 | 85,146,000 | 69,737,000 | 83,406,000 | 96,840,000 | 70,125,000 | 88,905,000 | 72,697,000 | 63,736,000 | 56,408,000 | 112,246,000 | 107,155,000 | 79,741,000 | 87,791,000 | 79,506,000 | 81,243,000 | 46,145,000 | 90,428,000 | 52,371,000 | 24,404,000 | 27,944,000 | 9,044,000 | 59,781,000 | 62,059,000 | 80,854,000 | 68,960,000 | 62,900,000 | 77,554,000 | 147,346,000 | 80,362,000 | 61,022,000 | 69,896,000 | 83,380,000 | 75,438,000 | 71,655,000 | 93,318,000 | 57,805,000 | 65,470,000 | 61,549,000 | 56,414,000 | 54,819,000 | 55,167,000 | 31,136,000 | 25,949,000 | 33,864,000 | 31,298,000 | 41,740,000 | |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 105,202,000 | 102,822,000 | 103,234,000 | 103,277,000 | 105,597,000 | 103,331,000 | 94,829,000 | 92,018,000 | 91,218,000 | 89,470,000 | 96,254,000 | 88,812,000 | 87,741,000 | 90,599,000 | 84,773,000 | 85,137,000 | 84,222,000 | 80,796,000 | 81,724,000 | 81,212,000 | 83,420,000 | 84,249,000 | 87,488,000 | 80,829,000 | 83,017,000 | 82,606,000 | 82,837,000 | 81,593,000 | 85,395,000 | 85,345,000 | 85,183,000 | 91,334,000 | 90,383,000 | 89,988,000 | 94,239,000 | 96,870,000 | 93,931,000 | 92,668,000 | 98,337,000 | 95,818,000 | 100,479,000 | 102,511,000 | 102,439,000 | 104,441,000 | 108,544,000 | 107,721,000 | 111,151,000 | 109,665,000 | 113,699,000 | 111,900,000 |
accretion of debt premium and discount | -664,000 | -664,000 | -678,000 | -684,000 | -695,000 | -701,000 | -701,000 | -719,000 | -728,000 | -746,000 | -746,000 | -736,000 | -716,000 | -716,000 | -715,000 | -716,000 | -716,000 | -711,000 | -710,000 | -725,000 | ||||||||||||||||||||||||||||||
deferred financing cost amortization | 1,982,000 | 1,982,000 | 1,891,000 | 1,815,000 | 1,766,000 | 1,771,000 | 1,778,000 | 1,795,000 | 1,796,000 | 1,697,000 | 1,694,000 | 1,714,000 | 1,755,000 | 1,751,000 | 1,756,000 | 1,739,000 | 1,766,000 | 1,858,000 | 1,874,000 | 1,883,000 | 1,881,000 | 1,977,000 | 1,931,000 | 1,856,000 | 1,763,000 | 1,764,000 | 1,748,000 | 1,764,000 | 1,787,000 | 1,692,000 | 1,596,000 | 1,631,000 | 1,682,000 | 1,688,000 | 1,709,000 | 1,774,000 | 1,800,000 | 1,881,000 | 1,939,000 | 1,951,000 | 1,937,000 | 2,066,000 | 2,146,000 | 2,042,000 | 2,048,000 | 1,983,000 | 2,052,000 | 2,134,000 | 2,522,000 | 2,128,000 |
accretion of above- and below-market leases | -4,635,000 | -3,272,000 | -5,619,000 | -4,711,000 | -3,276,000 | -3,896,000 | -2,377,000 | -2,486,000 | -2,408,000 | -3,403,000 | -3,317,000 | -2,655,000 | -3,389,000 | -2,911,000 | -3,313,000 | -2,961,000 | -2,971,000 | -2,672,000 | -2,806,000 | -4,195,000 | -2,930,000 | -4,144,000 | -4,127,000 | -3,995,000 | -4,229,000 | -4,699,000 | -4,479,000 | -4,748,000 | -4,898,000 | |||||||||||||||||||||
tenant inducement amortization and other | 519,000 | 516,000 | 456,000 | 518,000 | 750,000 | 537,000 | 677,000 | 529,000 | 731,000 | 673,000 | 1,136,000 | 1,265,000 | 804,000 | 995,000 | 935,000 | 987,000 | 1,048,000 | 945,000 | 987,000 | 941,000 | 2,071,000 | 883,000 | 907,000 | 892,000 | 897,000 | |||||||||||||||||||||||||
gain on sale of real estate assets | -52,097,000 | -64,496,000 | -40,018,000 | -15,755,000 | -3,070,000 | -24,090,000 | -37,018,000 | -1,814,000 | -15,142,000 | -6,402,000 | -6,712,000 | -3,857,000 | -48,468,000 | -50,896,000 | -15,768,000 | -22,988,000 | -21,911,000 | -23,603,000 | -11,122,000 | -32,603,000 | -5,764,000 | -11,281,000 | -13,621,000 | -692,000 | -8,905,000 | -8,501,000 | -25,621,000 | |||||||||||||||||||||||
equity based compensation | 2,385,000 | 4,622,000 | 4,084,000 | 4,797,000 | 4,113,000 | 4,082,000 | 5,054,000 | 5,442,000 | 3,359,000 | 6,218,000 | 5,724,000 | 4,644,000 | 4,191,000 | 6,071,000 | 6,028,000 | 4,315,000 | 4,027,000 | 4,199,000 | 2,592,000 | 3,200,000 | 1,955,000 | 2,652,000 | 3,814,000 | 3,236,000 | 2,970,000 | 2,641,000 | 1,372,000 | 2,738,000 | 2,784,000 | 2,484,000 | 2,639,000 | 2,864,000 | 2,848,000 | 2,126,000 | 3,528,000 | 3,463,000 | 6,160,000 | -1,582,000 | 3,972,000 | 3,811,000 | 2,597,000 | 12,951,000 | 2,433,000 | 1,896,000 | 3,006,000 | 2,117,000 | ||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 10,189,000 | -10,977,000 | -22,575,000 | -11,213,000 | 9,442,000 | -21,713,000 | -9,588,000 | -5,380,000 | 28,639,000 | -15,575,000 | -9,691,000 | -6,824,000 | 15,578,000 | -17,582,000 | -3,866,000 | -5,821,000 | -4,682,000 | -6,775,000 | 258,000 | 1,622,000 | 7,084,000 | 6,112,000 | 26,765,000 | -41,265,000 | -1,407,000 | -13,467,000 | -5,904,000 | -6,812,000 | -816,000 | -13,728,000 | -7,281,000 | -3,474,000 | 12,171,000 | -10,783,000 | -1,747,000 | -10,335,000 | -3,593,000 | -2,476,000 | -6,509,000 | -38,000 | 10,589,000 | -8,673,000 | -2,555,000 | 9,382,000 | 3,675,000 | -11,860,000 | 449,000 | -3,263,000 | 9,327,000 | 4,440,000 |
deferred charges and prepaid expenses | -9,375,000 | -6,463,000 | -9,955,000 | -13,639,000 | -7,140,000 | -2,699,000 | -10,596,000 | -11,164,000 | -9,020,000 | -2,878,000 | -13,411,000 | -12,393,000 | -11,815,000 | -1,670,000 | -13,975,000 | -14,195,000 | -8,605,000 | -3,593,000 | -13,514,000 | -9,455,000 | -3,815,000 | 237,000 | -12,245,000 | -3,557,000 | -6,995,000 | -564,000 | -15,528,000 | -7,781,000 | -6,829,000 | -4,735,000 | -20,786,000 | -9,745,000 | -5,309,000 | -11,556,000 | -19,785,000 | -9,654,000 | -12,321,000 | -718,000 | -17,487,000 | -10,304,000 | -5,310,000 | -16,528,000 | -12,387,000 | -8,937,000 | -2,608,000 | 374,000 | -12,920,000 | -12,269,000 | -4,598,000 | 2,462,000 |
other assets | 119,000 | 191,000 | 25,000 | 97,000 | 49,000 | 91,000 | 2,347,000 | -1,767,000 | -1,222,000 | -85,000 | -372,000 | -173,000 | -215,000 | -267,000 | -115,000 | 11,000 | -180,000 | -180,000 | -60,000 | -150,000 | -58,000 | -177,000 | -97,000 | -1,000 | -200,000 | -105,000 | -116,000 | -40,000 | 82,000 | 98,000 | -6,000 | 3,603,000 | 40,000 | 178,000 | -3,211,000 | -268,000 | -274,000 | -994,000 | 69,000 | 197,000 | 84,000 | 252,000 | -42,000 | 15,000 | -268,000 | 52,000 | 27,000 | 261,000 | 69,000 | 4,721,000 |
accounts payable, accrued expenses and other liabilities | -40,198,000 | 6,424,000 | 27,105,000 | 31,510,000 | -47,185,000 | 15,054,000 | 10,641,000 | 31,944,000 | -57,612,000 | -6,384,000 | 24,282,000 | 21,296,000 | -23,758,000 | -9,356,000 | 31,520,000 | 26,616,000 | -24,122,000 | -6,216,000 | 16,100,000 | 30,714,000 | -28,278,000 | -6,147,000 | 20,407,000 | 23,145,000 | -35,828,000 | -1,921,000 | 21,801,000 | 22,946,000 | -40,199,000 | 22,879,000 | 223,000 | 13,379,000 | -35,657,000 | -3,106,000 | 10,713,000 | 35,269,000 | -34,181,000 | -8,868,000 | 18,746,000 | 21,233,000 | -36,778,000 | -9,365,000 | 2,953,000 | 21,166,000 | -17,677,000 | -13,454,000 | 29,741,000 | 19,812,000 | -48,800,000 | -12,221,000 |
net cash from operating activities | 141,184,000 | 172,201,000 | 168,267,000 | 181,454,000 | 130,088,000 | 155,173,000 | 157,476,000 | 183,522,000 | 128,516,000 | 135,282,000 | 158,571,000 | 159,887,000 | 135,054,000 | 125,222,000 | 167,044,000 | 161,856,000 | 112,260,000 | 127,359,000 | 150,018,000 | 164,349,000 | 110,513,000 | 119,469,000 | 144,068,000 | 84,494,000 | 95,070,000 | 128,739,000 | 148,926,000 | 154,169,000 | 96,838,000 | 141,507,000 | 119,829,000 | 155,903,000 | 124,450,000 | 130,828,000 | 138,926,000 | 174,037,000 | 108,150,000 | 148,656,000 | 148,080,000 | 156,457,000 | 114,002,000 | 122,101,000 | 140,531,000 | 158,456,000 | 112,937,000 | 106,920,000 | 153,650,000 | 132,064,000 | 86,576,000 | 117,347,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 141,184,000 | 172,201,000 | 168,267,000 | 181,454,000 | 130,088,000 | 155,173,000 | 157,476,000 | 183,522,000 | 128,516,000 | 135,282,000 | 158,571,000 | 159,887,000 | 135,054,000 | 125,222,000 | 167,044,000 | 161,856,000 | 112,260,000 | 127,359,000 | 150,018,000 | 164,349,000 | 110,513,000 | 119,469,000 | 144,068,000 | 84,494,000 | 95,070,000 | 128,739,000 | 148,926,000 | 154,169,000 | 96,838,000 | 141,507,000 | 119,829,000 | 155,903,000 | 124,450,000 | 130,828,000 | 138,926,000 | 174,037,000 | 108,150,000 | 148,656,000 | 148,080,000 | 156,457,000 | 114,002,000 | 122,101,000 | 140,531,000 | 158,456,000 | 112,937,000 | 106,920,000 | 153,650,000 | 132,064,000 | 86,576,000 | 117,347,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
improvements to and investments in real estate assets | -70,981,000 | -74,524,000 | -74,207,000 | -88,824,000 | -82,509,000 | -97,927,000 | -88,395,000 | -90,167,000 | -76,861,000 | -90,731,000 | -98,364,000 | -83,686,000 | -72,376,000 | -97,229,000 | -86,174,000 | -76,832,000 | -70,121,000 | -96,201,000 | -77,121,000 | -72,409,000 | -62,844,000 | -66,816,000 | -59,820,000 | -71,424,000 | -86,696,000 | -112,884,000 | -112,682,000 | -91,804,000 | -77,725,000 | -83,641,000 | -64,410,000 | -43,835,000 | -76,803,000 | -62,837,000 | -65,137,000 | -35,639,000 | -39,260,000 | -56,560,000 | -52,229,000 | -47,299,000 | -36,340,000 | -42,541,000 | -49,518,000 | -57,464,000 | -40,411,000 | -68,179,000 | -57,705,000 | -48,319,000 | -40,475,000 | |
acquisitions of real estate assets | -190,716,000 | -222,392,000 | -4,330,000 | -3,144,000 | -211,908,000 | -64,392,000 | -355,000 | 0 | 0 | 0 | -245,426,000 | -164,262,000 | -192,091,000 | 0 | -62,937,000 | -3,779,000 | 0 | -1,405,000 | 0 | -2,020,000 | 0 | 0 | -8,453,000 | -1,541,000 | -78,697,000 | 0 | -6,979,000 | -104,811,000 | -40,100,000 | 70,000 | 0 | 17,415,000 | ||||||||||||||||||
proceeds from sales of real estate assets | 105,668,000 | 166,334,000 | 79,108,000 | 22,079,000 | 21,636,000 | 68,233,000 | 72,570,000 | 2,094,000 | 67,237,000 | 20,061,000 | 16,626,000 | 25,909,000 | 119,659,000 | 108,798,000 | 31,036,000 | 81,111,000 | 58,870,000 | 112,967,000 | 24,689,000 | 67,955,000 | 31,793,000 | 39,465,000 | 36,289,000 | 5,222,000 | 41,411,000 | 50,315,000 | 144,699,000 | 49,979,000 | 45,160,000 | 280,996,000 | 437,555,000 | 135,206,000 | 104,198,000 | 102,077,000 | 121,590,000 | 72,999,000 | 34,091,000 | 71,836,000 | 10,534,000 | 12,441,000 | 0 | 31,877,000 | 9,918,000 | 4,057,000 | 0 | 0 | 2,778,000 | 14,128,000 | ||
purchase of marketable securities | -1,036,000 | -1,724,000 | -8,237,000 | -1,097,000 | -4,477,000 | -4,012,000 | -11,386,000 | -10,312,000 | -4,366,000 | -904,000 | -169,000 | -14,111,000 | -6,162,000 | -736,000 | -10,237,000 | -5,477,000 | -8,844,000 | -569,000 | -8,991,000 | -4,021,000 | -3,894,000 | -2,621,000 | -9,211,000 | -7,405,000 | -3,328,000 | -1,736,000 | -11,843,000 | -18,956,000 | -5,246,000 | -5,173,000 | -11,399,000 | -12,869,000 | -3,655,000 | -4,265,000 | -11,023,000 | -5,473,000 | -7,502,000 | -11,153,000 | -17,811,000 | -10,468,000 | -6,893,000 | -4,958,000 | -9,669,000 | -5,451,000 | -4,200,000 | -2,873,000 | -646,000 | -11,448,000 | -8,156,000 | -2,075,000 |
proceeds from sale of marketable securities | 1,736,000 | 2,148,000 | 5,958,000 | 1,651,000 | 5,035,000 | 4,777,000 | 12,513,000 | 7,940,000 | 4,811,000 | 1,871,000 | 794,000 | 13,408,000 | 7,364,000 | 1,193,000 | 7,473,000 | 4,984,000 | 9,420,000 | 1,002,000 | 6,346,000 | 4,501,000 | 4,599,000 | 2,977,000 | 9,914,000 | 4,200,000 | 4,019,000 | 2,784,000 | 8,567,000 | 32,965,000 | 5,977,000 | 5,804,000 | 11,879,000 | 8,701,000 | 4,496,000 | 4,983,000 | 6,925,000 | 5,380,000 | 8,335,000 | 12,025,000 | 19,913,000 | 4,899,000 | 6,810,000 | 6,427,000 | 5,109,000 | 5,406,000 | 4,499,000 | 3,783,000 | 1,329,000 | 15,234,000 | 4,851,000 | 2,929,000 |
net cash from investing activities | 35,387,000 | -98,482,000 | -204,770,000 | -85,521,000 | -63,459,000 | -240,837,000 | -79,090,000 | -107,915,000 | -9,179,000 | -70,058,000 | -81,113,000 | -60,394,000 | 48,485,000 | 12,026,000 | -57,902,000 | -241,640,000 | -174,937,000 | -174,892,000 | -55,077,000 | -66,911,000 | -34,125,000 | -26,995,000 | -24,233,000 | -69,407,000 | -46,614,000 | -61,521,000 | 28,741,000 | -107,450,000 | -31,834,000 | 189,533,000 | 372,084,000 | 79,750,000 | 28,236,000 | -38,739,000 | 64,724,000 | 30,288,000 | -109,147,000 | -34,983,000 | -47,202,000 | -32,370,000 | -37,059,000 | -29,068,000 | -52,760,000 | -75,368,000 | -31,872,000 | -65,783,000 | -53,174,000 | -42,101,000 | -39,774,000 | -9,451,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under unsecured revolving credit facility | 0 | -253,000,000 | 0 | -407,000,000 | 0 | 0 | 0 | -98,500,000 | -152,000,000 | -105,000,000 | -180,000,000 | -195,000,000 | -210,000,000 | -105,000,000 | -245,000,000 | -115,000,000 | 0 | -145,500,000 | -500,000,000 | -7,500,000 | -45,000,000 | -204,000,000 | -272,000,000 | -65,000,000 | -120,000,000 | -39,000,000 | -55,000,000 | -40,000,000 | -451,000,000 | -57,000,000 | -35,000,000 | -208,000,000 | 0 | -436,000,000 | 0 | -682,475,000 | -45,000,000 | -20,000,000 | -18,000,000 | -637,047,000 | ||||||||||
proceeds from borrowings under unsecured revolving credit facility | 0 | 253,000,000 | 0 | 407,000,000 | 0 | 0 | 0 | 80,000,000 | 165,500,000 | 110,000,000 | 133,000,000 | 117,000,000 | 135,000,000 | 65,000,000 | 390,000,000 | 210,000,000 | 0 | 0 | 0 | 646,000,000 | 52,000,000 | 59,000,000 | 126,000,000 | 50,000,000 | 285,000,000 | 180,000,000 | 55,000,000 | 40,000,000 | 241,000,000 | 145,000,000 | 65,000,000 | 300,000,000 | 141,000,000 | 40,000,000 | 159,000,000 | 297,000,000 | 163,000,000 | |||||||||||||
proceeds from unsecured notes | 399,396,000 | 399,264,000 | 0 | 498,375,000 | 0 | 349,360,000 | 0 | 321,516,000 | 372,407,000 | |||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under unsecured notes | 0 | 0 | 0 | -632,312,000 | -37,397,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred financing and debt extinguishment costs | -215,000 | -84,000 | -3,893,000 | -8,614,000 | -3,718,000 | 0 | -399,000 | -3,549,000 | -3,766,000 | -83,000 | -226,000 | -414,000 | -60,000 | 11,000 | -175,000 | -141,000 | -30,163,000 | -326,000 | -3,088,000 | -16,746,000 | -3,945,000 | -13,645,000 | -404,000 | -605,000 | -3,287,000 | -3,269,000 | -133,000 | -27,581,000 | ||||||||||||||||||||||
net proceeds from issuances of common shares | -33,000 | -208,000 | -98,000 | -65,000 | -78,000 | |||||||||||||||||||||||||||||||||||||||||||||
distributions to common stockholders | -96,874,000 | -88,256,000 | -88,257,000 | -88,246,000 | -89,465,000 | -82,627,000 | -82,361,000 | -82,349,000 | -83,866,000 | -78,406,000 | -78,406,000 | -78,395,000 | -80,080,000 | -72,218,000 | -72,164,000 | -72,155,000 | -73,095,000 | -64,049,000 | -64,079,000 | -64,151,000 | -64,950,000 | 0 | 0 | -84,825,000 | -85,572,000 | -83,561,000 | -83,562,000 | -83,675,000 | -84,097,000 | -82,525,000 | -83,310,000 | -83,411,000 | -84,165,000 | -79,283,000 | -79,303,000 | -79,310,000 | -79,493,000 | -74,578,000 | -73,786,000 | -73,394,000 | -73,447,000 | -66,883,000 | -67,160,000 | -67,159,000 | -67,079,000 | -49,019,000 | -49,019,000 | |||
repurchases of common shares in conjunction with equity award plans | -16,412,000 | -52,000 | -9,000 | -566,000 | -11,644,000 | -1,077,000 | -18,000 | 0 | -12,962,000 | -14,000 | -2,000 | 0 | -11,229,000 | -34,000 | 0 | -2,000 | -10,458,000 | -44,000 | -96,000 | -259,000 | -5,113,000 | -12,000 | -5,000 | -118,000 | -3,405,000 | -10,000 | 0 | -164,000 | -1,547,000 | -14,000 | -9,000 | -133,000 | -1,722,000 | |||||||||||||||||
net cash from financing activities | -113,534,000 | -88,695,000 | 307,139,000 | -97,491,000 | -337,893,000 | 11,909,000 | -100,895,000 | -19,062,000 | 280,170,000 | -65,003,000 | -73,635,000 | -120,062,000 | -169,369,000 | -147,241,000 | -106,646,000 | 68,156,000 | -194,682,000 | -59,088,000 | -95,963,000 | -64,736,000 | -73,791,000 | -333,607,000 | 171,394,000 | -282,187,000 | 517,112,000 | -77,176,000 | -159,442,000 | -36,869,000 | -112,363,000 | -345,294,000 | -528,518,000 | -226,798,000 | -170,694,000 | -123,330,000 | -184,276,000 | -186,063,000 | 2,510,000 | -93,414,000 | -184,007,000 | -115,637,000 | -40,649,000 | -61,488,000 | -92,523,000 | -108,537,000 | -73,476,000 | -73,300,000 | -69,548,000 | -83,829,000 | -105,021,000 | -131,357,000 |
net change in cash, cash equivalents and restricted cash | 63,037,000 | -14,976,000 | 270,636,000 | -1,558,000 | -271,264,000 | -73,755,000 | -22,509,000 | 56,545,000 | 399,507,000 | 221,000 | 3,823,000 | -20,569,000 | 14,170,000 | -9,993,000 | 2,496,000 | -11,628,000 | -257,359,000 | -106,621,000 | -1,022,000 | 32,702,000 | 2,597,000 | -241,133,000 | 291,229,000 | -267,100,000 | 565,568,000 | -9,958,000 | 18,225,000 | 9,850,000 | -47,359,000 | -14,254,000 | -36,605,000 | 8,855,000 | -18,008,000 | |||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 361,530,000 | 0 | 0 | 0 | 378,692,000 | 0 | 0 | 0 | 18,904,000 | 0 | 0 | 0 | 21,259,000 | 0 | 0 | 0 | 297,743,000 | 0 | 0 | 0 | 370,087,000 | 0 | 0 | 0 | 21,523,000 | 0 | 0 | 0 | 50,765,000 | 0 | 0 | 0 | 110,777,000 | 0 | 0 | 0 | 102,869,000 | |||||||||||||
cash, cash equivalents and restricted cash at end of period | 424,567,000 | -14,976,000 | 270,636,000 | -1,558,000 | 107,428,000 | -73,755,000 | -22,509,000 | 56,545,000 | 418,411,000 | 221,000 | 3,823,000 | -20,569,000 | 35,429,000 | -9,993,000 | 2,496,000 | -11,628,000 | 40,384,000 | -106,621,000 | -1,022,000 | 32,702,000 | 372,684,000 | -241,133,000 | 291,229,000 | -267,100,000 | 587,091,000 | -9,958,000 | 18,225,000 | 9,850,000 | 3,406,000 | -14,254,000 | -36,605,000 | 8,855,000 | 92,769,000 | -31,241,000 | 19,374,000 | 18,262,000 | 104,382,000 | |||||||||||||
reconciliation to consolidated balance sheets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 323,934,000 | 2,878,000 | 226,571,000 | -1,561,000 | 106,534,000 | -73,710,000 | -22,289,000 | 66,510,000 | 407,105,000 | 5,000 | -12,785,000 | 10,216,000 | 3,430,000 | -7,099,000 | 6,763,000 | -14,739,000 | 31,567,000 | -100,566,000 | -6,946,000 | 32,742,000 | 371,402,000 | -241,137,000 | 291,272,000 | -266,290,000 | 584,830,000 | -9,975,000 | 18,263,000 | 10,460,000 | 349,000 | 22,138,000 | -33,811,000 | 26,086,000 | 27,332,000 | 26,960,000 | -24,501,000 | -5,404,000 | 59,883,000 | |||||||||||||
restricted cash | 100,633,000 | -17,854,000 | 44,065,000 | 3,000 | 894,000 | -45,000 | -220,000 | -9,965,000 | 11,306,000 | 216,000 | 16,608,000 | -30,785,000 | 31,999,000 | -2,894,000 | -4,267,000 | 3,111,000 | 8,817,000 | -6,055,000 | 5,924,000 | -40,000 | 1,282,000 | 4,000 | -43,000 | -810,000 | 2,261,000 | 17,000 | -38,000 | -610,000 | 3,057,000 | -36,392,000 | -2,794,000 | -17,231,000 | 65,437,000 | -58,201,000 | 43,875,000 | 23,666,000 | 44,499,000 | 2,379,000 | 3,076,000 | -3,614,000 | -2,113,000 | 11,809,000 | 7,081,000 | -2,018,000 | -6,845,000 | 5,913,000 | 4,839,000 | -1,887,000 | 8,055,000 | 318,000 |
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 823 and 1,264 | 67,486,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in accrued capital expenditures | -7,733,000 | -2,983,000 | 674,000 | -11,593,000 | -3,396,000 | |||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate assets | 4,386,000 | 0 | 5,863,000 | 0 | 0 | 16,736,000 | 1,100,000 | 1,127,000 | 0 | 7,000 | 4,590,000 | 0 | 0 | 431,000 | 1,467,000 | 3,245,000 | 5,746,000 | 5,962,000 | 4,598,000 | 6,934,000 | 8,170,000 | |||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | -6,000 | 0 | 0 | 0 | 27,116,000 | 32,000 | 1,197,000 | 17,611,000 | 50,000 | 10,386,000 | 5,000 | 943,000 | 707,000 | -30,000 | 19,759,000 | 291,000 | 132,000 | -1,827,000 | 71,000 | 1,262,000 | -462,000 | ||||||||||||||||||||||||||
proceeds from unsecured term loans and notes | ||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from non-controlling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interests | 0 | 0 | -1,289,000 | -101,000 | -244,000 | -882,000 | -1,313,000 | -1,297,000 | -1,473,000 | -1,721,000 | ||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 4,055, 3,981 and 4,147 | ||||||||||||||||||||||||||||||||||||||||||||||||||
state and local taxes paid | 289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 3,214 and 2,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deposits on acquisitions of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,223 and 1,927 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured notes and term loans | 399,324,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,264 and 920 | 73,213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under unsecured term loans and notes | 0 | 0 | 0 | -250,000,000 | 0 | -316,849,000 | -672,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuances of common shares | 95,371,000 | 0 | 5,693,000 | 3,536,000 | 43,871,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 3,981, 4,147 and 3,081 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -273,000 | -3,707,000 | -498,000 | -297,000 | -3,831,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,887 and 2,987 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,927 and 1,898 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 920 and 949 | 49,384,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 4,147, 3,081 and 4,009 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,987 and 2,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,898 and 1,432 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 949 and 677 | 50,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
equity compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of secured debt obligations | 0 | 0 | 0 | -7,000,000 | -377,409,000 | -508,952,000 | -4,498,000 | -4,858,000 | ||||||||||||||||||||||||||||||||||||||||||
repurchases of common shares | 0 | 0 | 0 | -25,007,000 | 0 | 0 | -2,977,000 | -11,586,000 | -22,765,000 | -48,670,000 | -3,500,000 | -29,765,000 | ||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 3,081, 4,009 and 4,231 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,215 and 2,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,432 and 1,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 677 and 931 | 48,491,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt premium and discount | -644,000 | -280,000 | -65,000 | -79,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 4,009, 4,231 and 3,480 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,836 and 3,333 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under unsecured term loans | 0 | -350,000,000 | 0 | -300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,817 and 2,177 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 931 and 1,063 | 54,388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 4,231, 3,480 and 2,478 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 3,333 and 2,401 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,177 and 1,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,063 and 626 | 47,023,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
debt premium and discount amortization | -87,000 | 105,000 | 480,000 | 468,000 | 232,000 | -926,000 | -926,000 | -952,000 | -952,000 | -1,223,000 | -1,464,000 | -1,684,000 | -1,806,000 | -2,858,000 | -3,706,000 | -4,066,000 | -4,093,000 | -4,113,000 | -4,811,000 | -5,048,000 | -4,889,000 | -4,977,000 | -5,080,000 | -5,467,000 | -4,354,000 | |||||||||||||||||||||||||
gain on disposition of unconsolidated joint venture interest | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
other | 906,000 | 880,000 | 987,000 | 827,000 | 837,000 | 766,000 | 997,000 | 824,000 | 675,000 | 890,000 | 602,000 | 344,000 | 324,000 | 299,000 | 267,000 | 231,000 | 252,000 | 16,000 | 41,000 | 49,000 | -111,000 | -101,000 | -60,000 | -53,000 | -163,000 | |||||||||||||||||||||||||
(gain) loss on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of unconsolidated joint venture interest | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 3,480, 2,478 and 2,945 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,401 and 1,798 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,404 and 1,169 | ||||||||||||||||||||||||||||||||||||||||||||||||||
provisions for impairment | 3,112,000 | 9,094,000 | 16,372,000 | 11,927,000 | 15,902,000 | 12,721,000 | 11,065,000 | 10,632,000 | 5,686,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties | -7,602,000 | -50,125,000 | -119,333,000 | -28,262,000 | -11,448,000 | -13,927,000 | -25,942,000 | -20,173,000 | -8,805,000 | -2,450,000 | ||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 626 and 654 | 51,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
above- and below-market lease intangible amortization | -5,922,000 | -5,822,000 | -7,998,000 | -6,824,000 | -6,622,000 | -7,643,000 | -7,573,000 | -7,796,000 | -8,259,000 | -9,355,000 | -9,098,000 | -11,018,000 | -13,390,000 | -9,930,000 | -10,907,000 | -13,530,000 | -10,446,000 | -11,909,000 | ||||||||||||||||||||||||||||||||
contributions to unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,478, 2,945 and 2,870 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under unsecured term loan | -250,000,000 | -135,000,000 | -50,000,000 | -25,000,000 | -300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
reconciliation to consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,798 and 2,268 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | -256,000 | -184,000 | 44,000 | -3,261,000 | -7,010,000 | -908,000 | 59,000 | -9,400,000 | -6,000 | -1,254,000 | 0 | -1,899,000 | 0 | 0 | -42,000 | -2,953,000 | -6,306,000 | |||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,169 and 1,696 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 654 and 946 | 63,646,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt obligations and financing liabilities | -13,219,000 | -101,659,000 | -288,736,000 | -5,961,000 | -48,553,000 | -687,371,000 | -173,807,000 | -4,740,000 | -388,303,000 | -238,378,000 | -336,869,000 | -158,568,000 | -258,781,000 | -12,371,000 | -117,078,000 | -698,011,000 | -223,101,000 | |||||||||||||||||||||||||||||||||
repurchase of common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common shares in conjunction with equity award plans | 0 | -53,000 | -198,000 | -2,463,000 | -98,000 | -123,000 | -1,918,000 | -1,165,000 | ||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,945, 2,870 and 2,749 | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash investing and/or financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
assumed mortgage debt through acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan and notes | 300,000,000 | 500,480,000 | 393,436,000 | 0 | 495,555,000 | 0 | 492,990,000 | 0 | 695,156,000 | |||||||||||||||||||||||||||||||||||||||||
change in cash, cash equivalents and restricted cash | 19,374,000 | 18,262,000 | 1,513,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,268 and 1,918 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,696 and 1,169 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured term loans and notes | -390,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 946 and 587 | 66,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
benefit from impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties and investments in unconsolidated joint ventures | 0 | -16,624,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated joint ventures | 267,000 | 0 | 55,000 | 132,000 | 138,000 | |||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated joint ventures | -22,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash attributable to investing activities | -8,185,000 | -876,000 | -36,000 | -636,000 | -507,000 | 1,318,000 | 2,542,000 | -1,678,000 | -2,838,000 | 3,848,000 | 2,377,000 | 1,096,000 | 3,870,000 | |||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents | 20,259,000 | -83,129,000 | 8,450,000 | 36,294,000 | 31,545,000 | -4,752,000 | -25,449,000 | 7,589,000 | -32,163,000 | 30,928,000 | 6,134,000 | -58,219,000 | -23,461,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 69,528,000 | 0 | 0 | 0 | 60,595,000 | 0 | 0 | 0 | 113,915,000 | 0 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 20,259,000 | -83,129,000 | 8,450,000 | 105,822,000 | 31,545,000 | -4,752,000 | -25,449,000 | 68,184,000 | -32,163,000 | 30,928,000 | 6,134,000 | 55,696,000 | -23,461,000 | |||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,870, 2,749 and 4,047 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net carrying value of properties distributed to non-controlling owners | 0 | 0 | 0 | 178,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,918 and 2,131 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,169 and 1,475 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 587 and 656 | 68,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties, disposition of investments in unconsolidated joint ventures and acquisition of joint venture interest | -745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt obligations | -2,379,108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under unsecured credit facility | 293,000,000 | 24,000,000 | 112,469,000 | 689,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,749, 4,047 and 4,968 | ||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of operating partnership units issued for acquisition of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties and disposition of investments in unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 2,131 and 2,776 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized of 1,475 and 1,627 | ||||||||||||||||||||||||||||||||||||||||||||||||||
provisions of impairment | 807,000 | 1,799,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interests and other | -21,611,000 | -13,500,000 | -12,158,000 | -15,239,000 | -27,714,000 | -16,556,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan | 0 | 0 | 0 | 600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amount capitalized | 69,108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest | 1,618,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
above and below market lease intangible amortization | -11,580,000 | -12,328,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
distributions to stockholders | -29,170,000 | -19,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on bargain purchase | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets and acquisition of joint venture interest | -761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of class b units | 32,734,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the business | ||||||||||||||||||||||||||||||||||||||||||||||||||
building improvements | -45,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash attributable to financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
contributions attributable to cnp net investment | ||||||||||||||||||||||||||||||||||||||||||||||||||
distributions attributable to cnp net investment | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information, including non-cash investing and/or financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | ||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment |
