Equity Commonwealth(NYSE:EQC) 
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.
Website: http://www.eqcre.com
Founded: 1986
Full Time Employees: 28
Sector: Real Estate
Industry: REIT-Office
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-10-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenue | 13,893,000 | 15,845,000 | 12,782,000 | 12,816,000 | 13,893,000 | 13,824,000 | 13,928,000 | 13,358,000 | 14,226,000 | 14,628,000 | 13,869,000 | 14,426,000 | 15,840,000 | 13,503,000 | 13,141,000 | 14,114,000 | 14,169,000 | 14,001,000 | 15,742,000 | 15,248,000 | 17,143,000 | 23,410,000 | 23,995,000 | 30,574,000 | 38,890,000 | ||||||||||||||||||||||||||||||||||||||||||
other revenue | 1,297,000 | 1,392,000 | 1,206,000 | 1,293,000 | 1,297,000 | 1,322,000 | 1,284,000 | 1,232,000 | 1,350,000 | 1,159,000 | 1,257,000 | 1,115,000 | 846,000 | 892,000 | 740,000 | 761,000 | 682,000 | 707,000 | 743,000 | 1,017,000 | 1,677,000 | 2,585,000 | 2,740,000 | 2,794,000 | 2,862,000 | ||||||||||||||||||||||||||||||||||||||||||
total revenues | 15,190,000 | 17,237,000 | 13,988,000 | 14,109,000 | 15,190,000 | 15,146,000 | 15,212,000 | 14,590,000 | 15,576,000 | 15,787,000 | 15,126,000 | 15,541,000 | 16,686,000 | 14,395,000 | 13,881,000 | 14,875,000 | 14,851,000 | 14,708,000 | 16,485,000 | 16,265,000 | 18,820,000 | 25,995,000 | 26,735,000 | 33,368,000 | 41,752,000 | 42,925,000 | 46,873,000 | 48,636,000 | 58,588,000 | 71,623,000 | 77,798,000 | 91,599,000 | 99,551,000 | 103,546,000 | 114,632,000 | 145,367,000 | 137,135,000 | 138,934,000 | 159,208,000 | 203,694,000 | 213,055,000 | 212,808,000 | 216,595,000 | 215,194,000 | 217,260,000 | 108,919,500 | 160,419,000 | 138,945,000 | 136,578,000 | 127,538,000 | 121,720,000 | 120,633,000 | |||||||||||||||
yoy | 7.66% | 13.81% | -8.05% | -3.30% | -2.48% | -4.06% | 0.57% | -6.12% | -6.65% | 9.67% | 8.97% | 4.48% | 12.36% | -2.13% | -15.80% | -8.55% | -21.09% | -43.42% | -38.34% | -51.26% | -54.92% | -39.44% | -42.96% | -31.39% | -28.74% | -40.07% | -39.75% | -46.90% | -41.15% | -30.83% | -32.13% | -36.99% | -27.41% | -25.47% | -28.00% | -28.63% | -35.63% | -34.71% | -26.50% | -5.34% | -1.94% | -14.60% | 31.79% | 15.18% | |||||||||||||||||||||||
qoq | 23.23% | -0.86% | -7.12% | 0.29% | -0.43% | 4.26% | -6.33% | -1.34% | 4.37% | -2.67% | -6.86% | 15.92% | 3.70% | -6.68% | 0.16% | 0.97% | -10.78% | 1.35% | -13.58% | -27.60% | -2.77% | -19.88% | -20.08% | -2.73% | -8.42% | -3.62% | -16.99% | -18.20% | -7.94% | -15.07% | -7.99% | -3.86% | -9.67% | -21.14% | 6.00% | -1.29% | -12.73% | -21.84% | -4.39% | 0.12% | -1.75% | 0.65% | -0.95% | -32.10% | 15.46% | 1.73% | 7.09% | 4.78% | 0.90% | ||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 6,534,000 | 7,344,000 | 6,863,000 | 6,721,000 | 6,534,000 | 6,542,000 | 6,722,000 | 6,942,000 | 7,256,000 | 6,986,000 | 6,073,000 | 6,592,000 | 4,533,000 | 6,582,000 | 6,102,000 | 6,588,000 | 6,621,000 | 6,976,000 | 6,444,000 | 6,677,000 | 8,761,000 | 9,741,000 | 9,923,000 | 10,974,000 | 15,780,000 | 15,539,000 | 20,257,000 | 19,521,000 | 24,599,000 | 30,674,000 | 32,380,000 | 37,284,000 | 41,087,000 | 42,742,000 | 49,313,000 | 51,393,000 | 57,258,000 | 63,820,000 | 73,571,000 | 89,686,000 | 97,871,000 | 94,158,000 | 99,392,000 | 92,701,000 | 101,731,000 | 94,632,000 | 109,754,000 | 109,659,000 | 112,577,000 | 108,093,000 | 104,090,000 | 100,912,000 | 90,161,000 | 90,407,000 | 93,722,000 | 89,147,000 | 89,574,000 | 65,049,000 | 60,251,000 | 51,537,000 | 51,016,000 | 50,034,000 | 45,686,000 | 46,025,000 | |||
depreciation and amortization | 4,357,000 | 4,691,000 | 4,214,000 | 4,182,000 | 4,357,000 | 4,184,000 | 4,436,000 | 4,514,000 | 4,310,000 | 4,634,000 | 4,451,000 | 4,313,000 | 4,412,000 | 4,403,000 | 4,588,000 | 4,432,000 | 4,351,000 | 4,680,000 | 5,137,000 | 4,398,000 | 5,114,000 | 6,037,000 | 5,939,000 | 7,561,000 | 8,585,000 | 10,830,000 | 11,287,000 | 13,021,000 | 13,903,000 | 18,738,000 | 21,133,000 | 23,922,000 | 26,915,000 | 29,040,000 | 29,184,000 | 37,331,000 | 36,251,000 | 37,143,000 | 40,522,000 | 53,637,000 | 62,699,000 | 58,839,000 | 57,213,000 | 59,831,000 | 51,649,000 | 52,150,000 | 67,389,000 | 66,523,000 | 63,437,000 | 63,552,000 | 61,351,000 | 56,389,000 | 51,973,000 | 53,841,000 | 48,520,000 | 49,658,000 | 49,780,000 | 33,097,000 | 29,192,000 | 25,048,000 | 25,043,000 | 27,774,000 | 20,895,000 | 20,274,000 | |||
general and administrative | 8,323,000 | 11,409,000 | 8,886,000 | 8,356,000 | 8,323,000 | 7,504,000 | 7,061,000 | 13,854,000 | 8,555,000 | 7,137,000 | 7,593,000 | 7,646,000 | 8,002,000 | 6,753,000 | 7,572,000 | 7,390,000 | 15,729,000 | 7,136,000 | 7,191,000 | 8,302,000 | 10,604,000 | 8,290,000 | 8,523,000 | 9,533,000 | 12,096,000 | 8,973,000 | 10,905,000 | 11,222,000 | 13,339,000 | 12,033,000 | 11,689,000 | 11,960,000 | 12,078,000 | 11,490,000 | 13,277,000 | 12,177,000 | 13,312,000 | 13,739,000 | 16,249,000 | 10,911,000 | 16,558,000 | 16,760,000 | 47,450,000 | 24,097,000 | 24,848,000 | 25,069,000 | 21,653,000 | 17,266,000 | 14,592,000 | 13,364,000 | 12,310,000 | 11,450,000 | 11,618,000 | 10,951,000 | 10,658,000 | 10,296,000 | 9,984,000 | 6,696,000 | 6,946,000 | 5,830,000 | 5,698,000 | 4,951,000 | 4,872,000 | 4,500,000 | |||
total expenses | 19,214,000 | -26,782,000 | 70,189,000 | 19,259,000 | 19,214,000 | 18,230,000 | 18,219,000 | 25,310,000 | 20,121,000 | 18,757,000 | 18,117,000 | 18,551,000 | 16,947,000 | 17,738,000 | 18,262,000 | 18,410,000 | 26,701,000 | 18,792,000 | 18,772,000 | 19,377,000 | 24,479,000 | 24,068,000 | 24,385,000 | 28,068,000 | 36,461,000 | 35,342,000 | 42,449,000 | 43,764,000 | 63,928,000 | 61,445,000 | 65,202,000 | 91,594,000 | 81,366,000 | 98,012,000 | 91,774,000 | 144,637,000 | 106,821,000 | 114,702,000 | 130,342,000 | 169,492,000 | 179,032,000 | 336,902,000 | 204,055,000 | 199,312,000 | 173,472,000 | 171,415,000 | 198,941,000 | 194,076,000 | 191,672,000 | 186,443,000 | 180,253,000 | 173,556,000 | 156,167,000 | 157,844,000 | 154,459,000 | 150,204,000 | 149,648,000 | 104,842,000 | 96,389,000 | 107,616,000 | 110,848,000 | 106,805,000 | 98,002,000 | 97,629,000 | |||
interest and other income | 29,512,000 | 25,389,000 | 29,996,000 | 29,770,000 | 29,512,000 | 29,670,000 | 29,269,000 | 27,352,000 | 28,376,000 | 24,263,000 | 15,145,000 | 5,963,000 | 1,574,000 | 1,732,000 | 1,599,000 | 1,626,000 | 1,843,000 | 2,284,000 | 2,606,000 | 4,443,000 | 11,895,000 | 14,521,000 | 19,401,000 | 20,695,000 | 17,775,000 | 15,741,000 | 12,626,000 | 12,668,000 | 5,780,000 | 8,393,000 | 7,596,000 | 6,019,000 | 4,372,000 | 3,147,000 | 3,013,000 | 2,204,000 | 1,967,000 | 1,176,000 | 637,000 | 728,000 | 3,448,000 | 490,000 | 406,000 | 281,000 | 384,000 | 227,000 | 250,000 | 458,000 | 399,000 | 413,000 | 288,000 | 369,000 | 392,000 | 824,000 | 572,000 | 447,000 | 1,118,000 | 144,000 | 120,000 | 104,000 | 107,000 | 43,000 | |||||
income before income taxes | 25,488,000 | 69,408,000 | -26,205,000 | 24,620,000 | 25,488,000 | 26,586,000 | 26,262,000 | 16,632,000 | 23,831,000 | 21,300,000 | 12,244,000 | 2,953,000 | 1,313,000 | -1,611,000 | -2,782,000 | -1,909,000 | -10,007,000 | -1,592,000 | 441,000 | 27,945,000 | 425,547,000 | 16,161,000 | 23,375,000 | 242,717,000 | 211,897,000 | 15,962,000 | 32,842,000 | 36,591,000 | 190,669,000 | -21,624,000 | 33,559,000 | -5,766,000 | 23,997,000 | 55,274,750 | 86,613,000 | 88,009,000 | 46,477,000 | ||||||||||||||||||||||||||||||
income tax expense | -30,000 | -1,380,000 | -22,000 | -434,000 | -30,000 | 40,000 | -30,000 | -796,000 | -1,080,000 | -372,000 | -23,000 | -50,000 | -8,000 | -26,000 | -32,000 | -31,000 | -31,000 | -59,000 | -40,000 | -1,300,000 | -540,000 | -65,000 | -3,007,000 | 55,000 | -335,000 | -45,000 | -175,000 | -280,000 | -225,000 | -165,000 | 13,000 | -23,000 | -2,915,000 | -1,025,000 | -703,000 | ||||||||||||||||||||||||||||||||
net income | 25,458,000 | 68,028,000 | -26,227,000 | 24,186,000 | 25,458,000 | 26,626,000 | 26,232,000 | 15,836,000 | 22,751,000 | 20,928,000 | 12,221,000 | 2,903,000 | 1,305,000 | -1,637,000 | -2,814,000 | -1,940,000 | -10,038,000 | -1,670,000 | 370,000 | 27,886,000 | 425,507,000 | 15,996,000 | 23,896,000 | 242,377,000 | 210,597,000 | 15,422,000 | 32,777,000 | 37,047,000 | 187,662,000 | -21,569,000 | 33,224,000 | -5,811,000 | 23,822,000 | 12,260,000 | 86,388,000 | 87,844,000 | 46,402,000 | 43,145,000 | 30,466,000 | 12,616,000 | 13,630,000 | -158,561,000 | 156,740,000 | 5,385,000 | 20,448,000 | -227,466,000 | 28,917,000 | 35,624,000 | 22,265,000 | 20,586,000 | 24,574,000 | 28,535,000 | 19,964,000 | 46,612,000 | 65,810,000 | 9,998,000 | 37,297,000 | 41,993,000 | 36,401,000 | 35,060,000 | 49,375,000 | 24,619,000 | 27,371,000 | 27,292,000 | |||
yoy | 5.26% | 155.49% | -199.98% | 52.73% | 11.90% | 27.23% | 114.65% | 445.50% | 1643.37% | -1378.44% | -534.29% | -249.64% | -113.00% | -1.98% | -860.54% | -106.96% | -102.36% | -110.44% | -98.45% | -88.49% | 102.05% | 3.72% | -27.10% | 554.24% | 12.22% | -171.50% | -1.35% | -737.53% | 687.77% | -275.93% | -61.54% | -106.62% | -48.66% | -71.58% | 183.56% | 596.29% | 240.44% | -127.21% | -80.56% | 134.28% | -33.34% | -30.29% | 442.03% | -84.88% | -8.16% | -1204.95% | 17.67% | 24.84% | 11.53% | -55.84% | -62.66% | 185.41% | -46.47% | 11.00% | 80.79% | -71.48% | -24.46% | 70.57% | 32.99% | 28.46% | |||||||
qoq | -359.38% | -208.44% | -5.00% | -4.39% | 1.50% | 65.65% | -30.39% | 8.71% | 71.25% | 320.98% | 122.45% | -179.72% | -41.83% | 45.05% | -80.67% | 501.08% | -551.35% | -98.67% | -93.45% | 2560.08% | -33.06% | -90.14% | 15.09% | 1265.56% | -52.95% | -11.53% | -80.26% | -970.05% | -164.92% | -671.74% | -124.39% | 94.31% | -85.81% | -1.66% | 89.31% | 7.55% | 41.62% | 141.49% | -7.44% | -108.60% | -201.16% | 2810.68% | -73.66% | -108.99% | -886.62% | -18.83% | 60.00% | 8.16% | -16.23% | -13.88% | 42.93% | -57.17% | -29.17% | 558.23% | -73.19% | -11.18% | 15.36% | 3.82% | -28.99% | 100.56% | -10.05% | 0.29% | |||||
net income margin % | NaN% | 167.60% | 394.66% | -187.50% | 171.42% | 167.60% | 175.80% | 172.44% | 108.54% | 146.06% | 132.56% | 80.79% | 18.68% | 7.82% | -11.37% | -20.27% | -13.04% | -67.59% | -11.35% | 2.24% | 171.45% | 2260.93% | 61.53% | 89.38% | 726.38% | 504.40% | 35.93% | 69.93% | 76.17% | 320.31% | -30.11% | 42.71% | -6.34% | 23.93% | 11.84% | 75.36% | 60.43% | 33.84% | 31.05% | 19.14% | 6.19% | 6.40% | -74.51% | 72.37% | 2.50% | 9.41% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 38.55% | 22.69% | 25.23% | 36.15% | 19.30% | 22.49% | 22.62% | ||
net income attributable to noncontrolling interest | -53,000 | -36,000 | -53,000 | -51,000 | -86,000 | -52,000 | -66,000 | 4,000 | -1,000 | -54,000 | -748,000 | -6,000 | -10,000 | -91,000 | -79,000 | -5,000 | -13,000 | -63,000 | 8,000 | -12,000 | -8,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to equity commonwealth | 25,405,000 | 67,798,000 | -26,189,000 | 24,150,000 | 25,405,000 | 26,549,000 | 26,146,000 | 15,784,000 | 22,685,000 | 20,875,000 | 12,190,000 | 2,896,000 | 1,302,000 | -1,634,000 | -2,808,000 | -1,936,000 | -10,018,000 | -1,666,000 | 369,000 | 27,832,000 | 424,759,000 | 15,990,000 | 23,886,000 | 242,286,000 | 210,518,000 | 15,417,000 | 32,764,000 | 37,033,000 | 187,599,000 | -21,561,000 | 33,212,000 | -5,809,000 | 23,814,000 | -158,561,000 | 156,740,000 | 5,385,000 | |||||||||||||||||||||||||||||||
preferred distributions | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | ||||||||||||||||||||||||
net income attributable to equity commonwealth common shareholders | 23,408,000 | 65,801,000 | -28,186,000 | 22,153,000 | 23,408,000 | 24,552,000 | 24,149,000 | 13,787,000 | 20,688,000 | 18,878,000 | 10,193,000 | 899,000 | -695,000 | -3,631,000 | -4,805,000 | -3,933,000 | -12,015,000 | -3,663,000 | -1,628,000 | 25,835,000 | 422,762,000 | 13,993,000 | 21,889,000 | 240,289,000 | 208,521,000 | 13,420,000 | 30,767,000 | 35,036,000 | 185,602,000 | -23,558,000 | 31,215,000 | -7,806,000 | 21,817,000 | 10,263,000 | 84,391,000 | 71,254,000 | 39,421,000 | 36,164,000 | 23,485,000 | 5,635,000 | 6,649,000 | ||||||||||||||||||||||||||
weighted-average common shares outstanding — basic | 107,373,000 | 107,216,000 | 108,841,000 | 107,456,000 | 107,416,000 | 107,216,000 | 108,841,000 | 108,931,000 | 109,839,000 | 109,720,000 | 111,674,000 | 111,305,000 | 112,005,000 | 113,740,000 | 121,411,000 | 122,190,000 | 122,189,000 | 122,002,000 | 121,786,000 | 121,673,000 | 121,655,000 | 122,148,000 | 122,091,000 | 122,140,000 | 122,122,000 | 121,960,000 | 122,314,000 | 121,845,000 | 121,822,000 | 123,867,000 | 124,125,000 | 124,089,000 | 124,067,000 | 124,047,000 | 125,474,000 | 125,533,000 | 125,508,000 | 125,840,000 | 128,621,000 | 128,739,000 | 129,733,000 | 129,696,000 | 128,880,000 | 83,722,000 | 72,144,000 | 72,139,000 | 65,173,000 | 64,595,000 | 226,927,000 | ||||||||||||||||||
weighted-average common shares outstanding — diluted | 108,320,000 | 108,224,000 | 110,185,000 | 107,456,000 | 108,751,000 | 108,224,000 | 110,185,000 | 110,217,000 | 111,237,000 | 111,300,000 | 112,825,000 | 112,596,000 | 113,380,000 | 113,740,000 | 121,411,000 | 122,190,000 | 122,189,000 | 122,002,000 | 126,606,000 | 121,673,000 | 123,255,000 | 126,605,000 | 126,260,000 | 123,564,000 | 125,862,000 | 125,822,000 | 123,385,000 | 122,851,000 | 122,649,000 | 127,097,000 | 125,129,000 | 125,175,000 | 124,067,000 | 125,150,000 | 126,768,000 | 126,568,000 | 126,937,000 | 127,522,000 | 129,437,000 | 129,878,000 | 130,537,000 | 129,874,000 | 131,243,000 | 91,020,000 | 79,442,000 | 79,437,000 | 72,471,000 | 71,893,000 | 256,120,000 | ||||||||||||||||||
earnings per common share attributable to equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 220 | 600 | -260 | 210 | 220 | 220 | 220 | 130 | 190 | 170 | 90 | 10 | -10 | -30 | -40 | -30 | -100 | -30 | -10 | 210 | 3,460 | 110 | 180 | 1,970 | 1,710 | 120 | 250 | 290 | 1,500 | -190 | 250 | -60 | 180 | 387.5 | 670 | 570 | 310 | ||||||||||||||||||||||||||||||
diluted | 220 | 590 | -260 | 200 | 220 | 220 | 220 | 120 | 190 | 170 | 90 | 10 | -10 | -30 | -40 | -30 | -100 | -30 | -10 | 210 | 3,350 | 110 | 180 | 1,930 | 1,670 | 110 | 250 | 290 | 1,480 | -190 | 250 | -60 | 170 | 385 | 670 | 560 | 310 | ||||||||||||||||||||||||||||||
loss on asset impairment | 12,556,500 | 50,226,000 | 12,087,000 | 18,428,000 | 1,286,000 | 14,740,000 | 43,736,000 | 15,258,000 | 167,145,000 | 22,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (income) attributable to noncontrolling interest | -12,750 | 38,000 | 3,000 | 6,000 | 4,000 | 20,000 | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share | 1,062.5 | 4,250 | 250 | 1,000 | 875 | 3,500 | 875 | 3,500 | 625 | 2,500 | 62.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of properties | 7,000 | 90,000 | 208,000 | 26,916,000 | 419,620,000 | 24,000 | 1,945,000 | 227,166,000 | 193,037,000 | -1,608,000 | 20,877,000 | 26,937,000 | 205,211,000 | -29,172,000 | 25,080,000 | 3,136,000 | 16,454,000 | 25,676,000 | 82,169,000 | 106,375,000 | 36,666,000 | 41,468,000 | 39,793,000 | -2,708,000 | 5,868,000 | 1,596,000 | 1,689,000 | 350,000 | 34,572,000 | 22,832,000 | 11,504,000 | ||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interest | -53,000 | -31,000 | -7,000 | -3,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -9,000 | -302,000 | -309,000 | -311,000 | -321,000 | -4,070,000 | -4,206,000 | -5,035,000 | -5,085,000 | -6,350,000 | -10,115,000 | -10,796,000 | -11,510,000 | -14,863,000 | -15,014,000 | -19,255,000 | -21,427,000 | -21,300,000 | -22,347,000 | -24,390,000 | -25,111,000 | -27,973,000 | -29,842,000 | -32,151,000 | -35,245,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | 131,000 | -2,562,000 | 550,000 | -3,887,000 | 10,426,000 | -1,790,000 | 6,699,000 | 310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -42,500 | -71,000 | -279,750 | 521,000 | -340,000 | 456,000 | -75,000 | 561,000 | 34,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -6,374,000 | -719,000 | -1,536,000 | -4,867,000 | -66,500 | -203,000 | -63,000 | -118,000 | -428,000 | 2,866,000 | 1,487,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 31,527,000 | 34,138,000 | 35,211,000 | 43,549,000 | 54,672,000 | 61,091,000 | 74,352,000 | 80,205,000 | 84,726,000 | 92,722,000 | 121,735,000 | 109,888,000 | 113,254,000 | 125,459,000 | 163,697,000 | 167,972,000 | 173,036,000 | 174,216,000 | 172,407,000 | 172,040,000 | 201,741,000 | 274,766,000 | 275,048,000 | 261,661,000 | 255,374,000 | 251,246,000 | 238,790,000 | 222,181,000 | 214,362,000 | 218,035,000 | 213,966,000 | 213,626,000 | 167,551,000 | 160,419,000 | 138,801,000 | 136,458,000 | 127,434,000 | 121,613,000 | 120,590,000 | ||||||||||||||||||||||||||||
tenant reimbursements and other income | 11,398,000 | 12,735,000 | 13,425,000 | 15,039,000 | 16,951,000 | 16,707,000 | 17,247,000 | 19,346,000 | 18,820,000 | 21,910,000 | 23,632,000 | 27,247,000 | 25,680,000 | 33,749,000 | 39,997,000 | 45,083,000 | 39,772,000 | 42,379,000 | 42,787,000 | 45,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating income | 7,583,000 | 4,424,000 | 4,872,000 | -5,340,000 | 10,178,000 | 12,596,000 | 5,000 | 18,185,000 | 5,534,000 | 22,858,000 | 730,000 | 30,314,000 | 24,232,000 | 28,866,000 | 34,202,000 | 34,023,000 | -124,094,000 | 12,540,000 | 15,882,000 | 43,788,000 | 30,326,000 | 75,825,000 | 80,972,000 | 69,989,000 | 68,931,000 | 70,993,000 | 65,234,000 | 66,014,000 | 56,518,000 | 63,576,000 | 63,762,000 | 63,978,000 | 62,709,000 | 64,030,000 | |||||||||||||||||||||||||||||||||
yoy | -25.50% | -64.88% | 97340.00% | -129.36% | 83.92% | -44.89% | -99.32% | -40.01% | -77.16% | -20.81% | -97.87% | -10.90% | -119.53% | 130.19% | 115.35% | -22.30% | -509.20% | -83.46% | -80.39% | -37.44% | -56.01% | 6.81% | 24.13% | 6.02% | 21.96% | 11.67% | 2.31% | 3.18% | -9.87% | -0.71% | |||||||||||||||||||||||||||||||||||||
qoq | 71.41% | -9.20% | -191.24% | -152.47% | -19.20% | 251820.00% | -99.97% | 228.60% | -75.79% | 3031.23% | -97.59% | 25.10% | -16.05% | -15.60% | 0.53% | -127.42% | -1089.59% | -21.04% | -63.73% | 44.39% | -60.01% | -6.36% | 15.69% | 1.53% | -2.90% | 8.83% | -1.18% | 16.80% | -11.10% | -0.29% | -0.34% | 2.02% | -2.06% | ||||||||||||||||||||||||||||||||||
operating margin % | NaN% | 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% | 17.67% | 9.44% | 10.02% | -9.11% | 14.21% | 16.19% | 0.01% | 18.27% | 5.34% | 19.94% | 0.50% | 22.11% | 17.44% | 18.13% | 16.79% | 15.97% | -58.31% | 5.79% | 7.38% | 20.15% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 57.57% | 39.91% | 0% | 0% | 0% | 0% | 0% | ||
foreign currency exchange loss | -5,000 | 96,000 | -9,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess fair value of consideration paid over carrying value of preferred shares | -9,609,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange gain | 856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related costs | 5,000 | 145,000 | 628,000 | 1,066,000 | 1,434,000 | 2,502,000 | 4,805,000 | 2,415,000 | 2,645,000 | 1,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investment | -160,000 | 171,754,000 | 66,293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by an equity investee | 16,911,000 | 109,000 | 11,177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes and equity in earnings of investees | 43,132,000 | 30,489,000 | 15,531,000 | 13,069,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of investees | 1,072,000 | 12,454,000 | 10,934,000 | 10,492,000 | 159,000 | 4,262,000 | 2,868,000 | 2,829,000 | 2,958,000 | 2,768,000 | 2,910,000 | 2,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 43,145,000 | 30,466,000 | 12,616,000 | 13,630,000 | -158,730,000 | 156,523,000 | 6,688,000 | 16,725,000 | 901,000 | 31,718,000 | 38,626,000 | 20,576,000 | 20,236,000 | 24,574,000 | 30,128,000 | 21,026,000 | 12,294,000 | 61,616,000 | 10,065,000 | 37,189,000 | |||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 169,000 | 95,000 | 4,114,000 | 4,011,000 | -1,830 | -20 | -50 | 653,000 | -10 | 480 | 60 | 108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on asset impairment from discontinued operations | -559,500 | 122,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess fair value of consideration over carrying value of preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset impairment from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share attributable to equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (reversal of loss) on asset impairment | 1,904,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income tax expense and equity in earnings of investees | -157,705,000 | 156,154,000 | 6,346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale of properties from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gain on sale of properties | -158,561,000 | 156,740,000 | 5,385,000 | 20,448,000 | 28,917,000 | 34,028,000 | 20,576,000 | 20,236,000 | 28,535,000 | 19,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest in consolidated subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution on conversion of preferred shares | -4,051,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for equity commonwealth common shareholders | 35,313,500 | 149,759,000 | -17,802,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts available for equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share available for equity commonwealth common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for common shareholders | 285 | 1,160 | -140 | 80 | -1,920 | 70 | 150 | 30 | 120 | 14,712,000 | 9,464,000 | 37,773,000 | 53,143,000 | -2,669,000 | 24,630,000 | 30,493,000 | 24,901,000 | 23,560,000 | 37,875,000 | 13,119,000 | 15,871,000 | 15,792,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding — basic and diluted | 123,812,000 | 118,400,000 | 118,328,000 | 118,309,000 | 94,154,000 | 83,745,000 | 83,727,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of loss on asset impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of properties from discontinued operations | 2,099,000 | 1,260,000 | 7,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to commonwealth reit | 20,448,000 | 18,889,000 | 25,667,000 | 17,618,000 | 16,065,000 | 23,680,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for commonwealth reit common shareholders | 9,297,000 | -227,466,000 | 7,738,000 | 14,516,000 | -122,000 | 2,242,000 | 9,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to commonwealth reit common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share attributable to commonwealth reit common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income tax expense | 1,686,000 | 32,472,000 | 39,614,000 | 21,898,000 | 20,328,000 | 25,066,000 | 30,435,000 | 21,116,000 | 12,640,000 | 61,582,000 | 10,246,000 | 37,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess redemption price paid over carrying value of preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding – basic | 81,536,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding – diluted | 88,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available for common shareholders | 200 | 150 | 50 | 750 | -40 | 110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of equity investments | 1,999,000 | 2,305,000 | 2,339,000 | 4,322,000 | 3,604,000 | 3,731,000 | 3,800,000 | 3,886,000 | 3,653,000 | 4,288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by equity investee | 18,390,000 | 16,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition costs | 1,103,000 | 310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 184,000 | 190,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of shares of equity investments | 6,745,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by equity investees | 3,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | 176,157,000 | 177,285,000 | 177,276,000 | 172,724,000 | 142,717,000 | 130,521,000 | 128,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 25,201,000 | 26,225,000 | 24,046,000 | 25,062,000 | 25,079,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of equity investments | 31,329,000 | 25,730,000 | 20,733,000 | 23,718,000 | 23,004,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on equity transactions of equity investments | 19,845,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity transaction of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of debt | 1,751,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate | 132,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 227,271,000 | 160,511,000 | 2,225,150,000 | 2,195,823,000 | 2,170,834,000 | 2,160,535,000 | 2,127,788,000 | 2,153,047,000 | 2,128,688,000 | 2,582,222,000 | 2,692,354,000 | 2,691,503,000 | 2,721,929,000 | 2,800,998,000 | 2,961,564,000 | 2,965,788,000 | 2,971,052,000 | 2,987,225,000 | 3,418,240,000 | 3,437,775,000 | 3,348,349,000 | 2,795,642,000 | 3,205,775,000 | 3,180,548,000 | 3,069,501,000 | 2,400,803,000 | 2,673,328,000 | 2,507,117,000 | 2,837,671,000 | 2,351,693,000 | 2,233,077,000 | 1,967,549,000 | 1,888,537,000 | 2,094,674,000 | 2,405,174,000 | 1,772,337,000 | 1,742,128,000 | 1,802,729,000 | 1,649,162,000 | 1,286,902,000 | 421,736,000 | 379,058,000 | 597,405,000 | 428,373,000 | 177,555,000 | 165,990,000 | 77,520,000 | 48,692,000 | 72,680,000 | 138,805,000 | 193,587,000 | 210,673,000 | 55,035,000 | 25,389,000 | 174,723,000 | 33,443,000 | 138,702,000 | 33,227,000 | 38,138,000 | 35,317,000 | 24,851,000 | 33,277,000 | 32,065,000 | 19,879,000 | 25,639,000 | 29,026,000 | 23,059,000 | 17,783,000 | 33,458,000 | 35,099,000 | 35,587,000 | 19,445,000 | 21,514,000 | 18,921,000 | 22,335,000 | 21,961,000 | 26,569,000 | 19,553,000 | 43,609,000 | 11,526,000 | 21,044,000 | 18,698,000 | 24,583,000 | 12,384,000 |
rents receivable and other assets | 386,000 | 613,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 227,657,000 | 293,624,000 | 2,441,130,000 | 2,463,741,000 | 2,439,686,000 | 2,425,041,000 | 2,393,786,000 | 2,421,843,000 | 2,399,324,000 | 2,854,885,000 | 2,968,520,000 | 2,968,480,000 | 3,000,018,000 | 3,081,383,000 | 3,244,603,000 | 3,256,268,000 | 3,260,676,000 | 3,277,671,000 | 3,708,774,000 | 3,733,155,000 | 3,704,057,000 | 3,319,377,000 | 3,731,343,000 | 3,702,171,000 | 3,713,937,000 | 3,530,772,000 | 3,813,728,000 | 3,776,874,000 | 4,137,306,000 | 4,236,945,000 | 4,260,289,000 | 4,491,116,000 | 4,518,756,000 | 4,526,075,000 | 4,965,767,000 | 4,911,775,000 | 5,103,149,000 | 5,244,372,000 | 5,324,243,000 | 5,548,046,000 | 5,734,296,000 | 5,761,639,000 | 6,170,796,000 | 6,593,360,000 | 6,600,714,000 | 6,821,987,000 | 8,019,538,000 | 8,082,668,000 | 7,946,955,000 | 7,798,584,000 | 7,713,391,000 | 7,458,190,000 | 6,959,999,000 | 6,689,687,000 | 6,373,775,000 | 6,205,018,000 | 6,234,751,000 | 6,007,527,000 | 5,926,090,000 | 6,070,451,000 | 6,070,543,000 | 6,003,146,000 | 5,959,846,000 | 5,859,332,000 | 5,800,512,000 | 5,750,889,000 | 5,636,768,000 | 5,575,949,000 | 5,454,778,000 | 5,441,519,000 | 5,355,189,000 | 5,327,167,000 | 5,154,048,000 | 5,012,423,000 | 4,823,683,000 | 4,813,330,000 | 4,752,257,000 | 4,045,756,000 | 4,027,411,000 | 4,013,244,000 | 3,494,801,000 | |||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities for estimated costs in excess of estimated receipts during liquidation | 50,996,000 | 100,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 166,000 | 10,908,000 | 42,007,000 | 69,220,000 | 63,506,000 | 75,800,000 | 62,518,000 | 95,395,000 | 87,003,000 | 117,363,000 | 120,888,000 | 123,587,000 | 121,697,000 | 128,590,000 | 149,009,000 | 162,204,000 | 163,075,000 | 138,412,000 | 136,482,000 | 169,498,000 | 165,449,000 | 155,993,000 | 143,192,000 | 158,044,000 | 140,172,000 | 148,525,000 | 137,357,000 | 113,761,000 | 108,792,000 | 110,885,000 | 91,407,000 | 99,214,000 | 101,886,000 | 96,597,000 | 101,723,000 | 96,358,000 | 81,040,000 | 89,441,000 | 88,122,000 | 87,111,000 | 71,279,000 | 93,734,000 | 75,796,000 | 79,729,000 | 67,078,000 | 80,125,000 | 64,993,000 | 73,137,000 | 43,494,000 | 67,716,000 | 67,512,000 | 62,545,000 | 54,421,000 | 60,541,000 | 45,261,000 | 43,676,000 | 36,587,000 | 38,402,000 | ||||||||||||||||||||||||||
distributions payable | 3,842,000 | 2,803,000 | 3,663,000 | 3,359,000 | 5,640,000 | 6,390,000 | 6,868,000 | 7,795,000 | 2,863,000 | 113,584,000 | 1,276,000 | 514,000 | 2,365,000 | 2,954,000 | 2,850,000 | 5,072,000 | 10,991,000 | 438,105,000 | 5,791,000 | 5,791,000 | 7,534,000 | 435,583,000 | 309,238,000 | 6,981,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 51,162,000 | 114,769,000 | 27,948,000 | 25,954,000 | 26,358,000 | 34,928,000 | 31,550,000 | 30,016,000 | 30,252,000 | 31,153,000 | 137,925,000 | 22,658,000 | 19,751,000 | 26,113,000 | 32,769,000 | 24,432,000 | 29,058,000 | 34,507,000 | 465,668,000 | 59,414,000 | 59,443,000 | 73,505,000 | 503,230,000 | 66,548,000 | 322,376,000 | 346,774,000 | 644,217,000 | 334,565,000 | 735,827,000 | 936,450,000 | 935,590,000 | 1,204,655,000 | 1,232,231,000 | 1,265,628,000 | 1,676,727,000 | 1,713,137,000 | 1,715,778,000 | 1,875,885,000 | 1,997,035,000 | 2,160,816,000 | 2,423,118,000 | 2,442,056,000 | 2,681,793,000 | 3,222,472,000 | 3,241,644,000 | 3,400,954,000 | 3,947,061,000 | 3,955,938,000 | 4,446,831,000 | 4,116,458,000 | 3,990,361,000 | 3,865,893,000 | 3,571,825,000 | 3,549,902,000 | 3,059,930,000 | 3,096,495,000 | 3,084,814,000 | 3,044,362,000 | 2,996,131,000 | 3,160,699,000 | 3,152,435,000 | 3,124,668,000 | 3,089,567,000 | 2,956,449,000 | 2,861,976,000 | 2,789,191,000 | 2,657,591,000 | 2,625,181,000 | 2,812,897,000 | 2,778,266,000 | 2,671,362,000 | 2,681,681,000 | 2,496,698,000 | 2,465,376,000 | 2,273,974,000 | 2,506,136,000 | 2,438,320,000 | 1,719,900,000 | 1,689,700,000 | 2,001,593,000 | 1,478,264,000 | |||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets in liquidation attributable to equity commonwealth common shareholders | 176,408,000 | 178,605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets in liquidation attributable to noncontrolling interest | 87,000 | 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets in liquidation | 176,495,000 | 178,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate properties: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 22,400,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 44,060,000 | 85,627,000 | 85,627,000 | 85,627,000 | 110,395,000 | 135,142,000 | 137,329,000 | 146,700,000 | 146,700,000 | 191,775,000 | 216,957,000 | 232,857,000 | 269,062,000 | 286,186,000 | 293,225,000 | 328,351,000 | 372,714,000 | 389,410,000 | 413,281,000 | 456,614,000 | 705,222,000 | 714,238,000 | 740,448,000 | 748,302,000 | 747,181,000 | 740,613,000 | 1,533,543,000 | 1,548,225,000 | 1,531,466,000 | 1,514,341,000 | 1,498,146,000 | 1,445,301,000 | 1,440,845,000 | 1,393,691,000 | 1,238,611,000 | 1,222,519,000 | 1,237,842,000 | 1,224,934,000 | 1,200,934,000 | 1,242,053,000 | 1,210,627,000 | 1,166,638,000 | 1,201,683,000 | 1,189,684,000 | 1,175,940,000 | 1,167,702,000 | 1,148,123,000 | 1,143,109,000 | 1,112,035,000 | 1,112,110,000 | 1,101,349,000 | 1,081,635,000 | 1,062,223,000 | 1,050,303,000 | 928,111,000 | 928,106,000 | 927,255,000 | 858,687,000 | 854,595,000 | 852,983,000 | 376,605,000 | 363,030,000 | 356,241,000 | 346,895,000 | ||
buildings and improvements | 158,152,000 | 374,095,000 | 371,550,000 | 367,827,000 | 366,908,000 | 365,247,000 | 364,155,000 | 364,063,000 | 363,782,000 | 363,990,000 | 362,464,000 | 362,042,000 | 362,391,000 | 361,592,000 | 361,107,000 | 357,650,000 | 355,877,000 | 353,665,000 | 351,880,000 | 576,494,000 | 572,714,000 | 571,342,000 | 704,142,000 | 1,004,500,000 | 1,000,822,000 | 1,117,446,000 | 1,100,524,000 | 1,555,836,000 | 1,841,230,000 | 1,961,445,000 | 2,395,748,000 | 2,570,704,000 | 2,642,588,000 | 3,074,591,000 | 3,399,909,000 | 3,497,942,000 | 3,559,060,000 | 3,834,855,000 | 4,994,374,000 | 5,014,205,000 | 5,145,916,000 | 5,146,617,000 | 5,168,335,000 | 4,890,457,000 | 6,446,307,000 | 6,441,544,000 | 6,331,605,000 | 6,127,544,000 | 5,987,358,000 | 5,746,893,000 | 5,446,227,000 | 5,244,138,000 | 5,150,677,000 | 5,003,943,000 | 5,085,249,000 | 4,948,914,000 | 4,768,406,000 | 5,051,996,000 | 4,905,129,000 | 4,770,280,000 | 5,072,208,000 | 4,966,610,000 | 4,873,816,000 | 4,821,438,000 | 4,674,941,000 | 4,619,164,000 | 4,472,412,000 | 4,447,106,000 | 4,333,819,000 | 4,154,466,000 | 3,999,891,000 | 3,861,945,000 | 3,774,135,000 | 3,756,963,000 | 3,667,234,000 | 3,104,201,000 | 3,058,575,000 | 3,038,983,000 | 2,998,748,000 | 2,906,076,000 | 2,842,112,000 | 2,744,166,000 | ||
accumulated depreciation | -69,254,000 | -183,867,000 | -180,266,000 | -180,535,000 | -178,201,000 | -174,399,000 | -171,379,000 | -169,530,000 | -166,379,000 | -163,451,000 | -159,755,000 | -156,439,000 | -154,230,000 | -150,754,000 | -147,034,000 | -143,319,000 | -142,053,000 | -139,061,000 | -136,836,000 | -202,700,000 | -197,847,000 | -193,166,000 | -245,528,000 | -375,968,000 | -370,854,000 | -387,888,000 | -379,862,000 | -450,718,000 | -554,411,000 | -561,003,000 | -705,000,000 | -755,255,000 | -751,882,000 | -828,786,000 | -880,678,000 | -898,939,000 | -884,183,000 | -913,303,000 | -1,066,369,000 | -1,030,445,000 | -988,323,000 | |||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 86,803,000 | 55,941,000 | 38,882,000 | 348,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable | 8,046,000 | 17,257,000 | 16,593,000 | 15,737,000 | 15,174,000 | 16,151,000 | 15,606,000 | 16,009,000 | 16,234,000 | 15,960,000 | 15,644,000 | 15,549,000 | 15,473,000 | 15,310,000 | 14,629,000 | 14,702,000 | 14,486,000 | 13,968,000 | 14,964,000 | 19,554,000 | 19,347,000 | 19,735,000 | 31,151,000 | 96,152,000 | 93,120,000 | 83,973,000 | 76,898,000 | 73,605,000 | 65,192,000 | 63,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 9,833,000 | 16,373,000 | 16,915,000 | 17,417,000 | 18,057,000 | 17,737,000 | 18,194,000 | 18,061,000 | 18,469,000 | 16,418,000 | 15,676,000 | 15,173,000 | 15,345,000 | 20,272,000 | 16,862,000 | 17,353,000 | 18,164,000 | 18,645,000 | 22,525,000 | 39,757,000 | 41,271,000 | 35,683,000 | 42,326,000 | 62,031,000 | 63,858,000 | 76,512,000 | 78,986,000 | 87,563,000 | 100,213,000 | 99,309,000 | 126,698,000 | 122,922,000 | 123,699,000 | 140,215,000 | 152,678,000 | 157,549,000 | 162,614,000 | 159,845,000 | 211,682,000 | 220,480,000 | 209,005,000 | 206,204,000 | 206,967,000 | 195,330,000 | 225,185,000 | 221,790,000 | 245,812,000 | 228,562,000 | 210,166,000 | 182,259,000 | 224,837,000 | 210,975,000 | 153,626,000 | 115,235,000 | 135,572,000 | 123,614,000 | 123,919,000 | 127,784,000 | 125,357,000 | 100,593,000 | 125,627,000 | 124,709,000 | 130,212,000 | 106,284,000 | 135,537,000 | 102,273,000 | 120,659,000 | 95,566,000 | 104,181,000 | 101,012,000 | 96,482,000 | 82,018,000 | 93,398,000 | 68,083,000 | 77,160,000 | 75,368,000 | 64,110,000 | 50,440,000 | 54,718,000 | 61,159,000 | 59,269,000 | 50,836,000 | ||
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to properties held for sale | 6,200,000 | 81,000 | 1,153,000 | 1,840,000 | 2,019,000 | 1,013,000 | 667,000 | 1,687,000 | 169,000 | 1,909,000 | 20,336,000 | 23,066,000 | 30,322,000 | 1,588,000 | 1,994,000 | 463,000 | 379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other | 17,621,000 | 19,585,000 | 20,833,000 | 27,298,000 | 23,027,000 | 20,016,000 | 19,642,000 | 25,935,000 | 21,704,000 | 18,619,000 | 15,505,000 | 19,762,000 | 27,391,000 | 19,209,000 | 21,007,000 | 20,588,000 | 25,702,000 | 25,821,000 | 25,966,000 | 37,153,000 | 38,218,000 | 36,903,000 | 42,280,000 | 62,368,000 | 46,896,000 | 44,380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent collected in advance | 1,324,000 | 2,706,000 | 2,166,000 | 1,990,000 | 2,133,000 | 3,132,000 | 2,815,000 | 2,355,000 | 2,637,000 | 2,763,000 | 3,732,000 | 3,986,000 | 2,424,000 | 2,373,000 | 2,979,000 | 2,928,000 | 1,861,000 | 2,521,000 | 2,118,000 | 3,127,000 | 3,533,000 | 3,554,000 | 5,119,000 | 9,451,000 | 8,182,000 | 10,173,000 | 9,225,000 | 11,076,000 | 14,355,000 | 19,095,000 | 18,485,000 | 18,460,000 | 21,529,000 | 24,615,000 | 23,588,000 | 27,340,000 | 29,744,000 | 21,860,000 | 30,719,000 | 31,359,000 | 26,197,000 | 29,266,000 | 29,618,000 | 29,220,000 | 29,260,000 | 34,703,000 | 25,883,000 | 32,163,000 | 33,872,000 | 35,593,000 | 31,579,000 | 29,293,000 | 32,418,000 | 30,150,000 | 33,949,000 | 29,405,000 | 27,486,000 | 31,486,000 | 25,513,000 | 22,628,000 | 25,507,000 | 24,779,000 | 20,124,000 | 22,736,000 | 22,932,000 | 19,592,000 | 20,211,000 | 20,534,000 | 23,114,000 | 17,858,000 | 20,060,000 | 18,048,000 | 15,885,000 | 15,208,000 | 16,625,000 | 13,253,000 | 16,623,000 | 13,135,000 | 12,299,000 | 14,184,000 | 10,121,000 | |||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares of beneficial interest, 0.01 par value: 50,000,000 shares authorized; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6.50% cumulative convertible; 4,915,196 shares issued and outstanding, aggregate liquidation preference of 122,880 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 107,327,691 and 106,847,438 shares issued and outstanding, respectively | 1,073,000 | 1,073,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid in capital | 3,942,389,000 | 3,939,583,000 | 3,935,501,000 | 3,935,873,000 | 3,930,372,000 | 3,984,681,000 | 3,976,643,000 | 3,979,566,000 | 4,005,125,000 | 4,018,440,000 | 4,053,256,000 | 4,128,656,000 | 4,282,106,000 | 4,297,197,000 | 4,295,226,000 | 4,294,632,000 | 4,291,293,000 | 4,288,245,000 | 4,285,266,000 | 4,313,831,000 | 4,310,353,000 | 4,308,049,000 | 4,304,560,000 | 4,305,974,000 | 4,306,020,000 | 4,300,822,000 | 4,295,772,000 | 4,380,313,000 | 4,378,184,000 | 4,372,610,000 | 4,367,190,000 | 4,363,177,000 | 4,402,927,000 | 4,398,033,000 | 4,393,409,000 | 4,414,611,000 | 4,410,951,000 | 4,495,244,000 | 4,491,093,000 | 4,487,133,000 | 4,484,552,000 | 4,483,653,000 | 4,217,651,000 | 4,213,472,000 | 4,212,182,000 | 4,212,082,000 | 3,585,964,000 | 3,590,410,000 | 3,590,321,000 | 3,613,828,000 | 3,349,114,000 | 3,348,849,000 | 3,354,771,000 | 3,165,077,000 | 3,162,936,000 | 2,924,166,000 | 2,923,649,000 | 2,923,549,000 | 2,937,962,000 | 2,923,611,000 | 2,923,455,000 | 2,923,455,000 | 2,798,279,000 | 2,787,449,000 | 2,774,461,000 | 2,774,270,000 | 2,773,664,000 | 2,772,245,000 | 2,779,159,000 | 2,779,159,000 | 2,653,791,000 | 2,653,738,000 | 2,394,946,000 | 2,394,946,000 | 2,394,537,000 | 2,394,497,000 | 2,071,203,000 | 2,065,739,000 | 1,946,525,000 | 1,945,753,000 | ||||
cumulative net income | 3,950,345,000 | 3,976,534,000 | 3,952,384,000 | 3,926,979,000 | 3,900,430,000 | 3,874,284,000 | 3,858,500,000 | 3,835,815,000 | 3,814,940,000 | 3,802,750,000 | 3,799,854,000 | 3,798,552,000 | 3,800,186,000 | 3,802,994,000 | 3,804,930,000 | 3,814,948,000 | 3,816,614,000 | 3,816,245,000 | 3,788,413,000 | 3,363,654,000 | 3,347,664,000 | 3,323,778,000 | 3,081,492,000 | 2,870,974,000 | 2,855,557,000 | 2,822,793,000 | 2,785,760,000 | 2,596,259,000 | 2,617,820,000 | 2,584,608,000 | 2,590,417,000 | 2,566,603,000 | 2,554,343,000 | 2,467,955,000 | 2,380,111,000 | 2,333,709,000 | 2,290,564,000 | 2,260,098,000 | 2,247,482,000 | 2,233,852,000 | 2,392,413,000 | 2,235,673,000 | 2,230,288,000 | 2,215,141,000 | 2,431,456,000 | 2,412,567,000 | 2,539,684,000 | 2,522,066,000 | 2,506,001,000 | 2,467,448,000 | 2,438,913,000 | 2,418,949,000 | 2,350,033,000 | 2,284,223,000 | 2,274,225,000 | 2,247,181,000 | 2,174,982,000 | 2,115,366,000 | 2,008,791,000 | 1,923,067,000 | 1,855,015,000 | 1,827,609,000 | 1,767,976,000 | 1,736,502,000 | 1,703,354,000 | 1,665,477,000 | 1,634,123,000 | 1,602,609,000 | 1,452,774,000 | 1,409,068,000 | 1,370,771,000 | 1,320,025,000 | 1,287,790,000 | 1,245,797,000 | 1,209,396,000 | 1,174,336,000 | 1,124,961,000 | 1,089,797,000 | 1,065,178,000 | 1,037,807,000 | 1,010,515,000 | |||
cumulative common distributions | -4,863,688,000 | -4,864,499,000 | -4,864,195,000 | -4,864,440,000 | -4,865,190,000 | -4,865,668,000 | -4,866,401,000 | -4,393,522,000 | -4,393,290,000 | -4,281,442,000 | -4,280,826,000 | -4,281,195,000 | -4,281,754,000 | -4,281,670,000 | -4,283,753,000 | -4,283,668,000 | -4,284,050,000 | -3,852,856,000 | -3,852,856,000 | -3,851,666,000 | -3,851,947,000 | -3,420,406,000 | -3,420,512,000 | -3,420,548,000 | -3,418,995,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | -3,111,868,000 | |||||||||||||||||||||||||||||||||||||||||||
cumulative preferred distributions | -739,667,000 | -737,670,000 | -735,673,000 | -733,676,000 | -731,679,000 | -729,682,000 | -727,685,000 | -725,688,000 | -723,691,000 | -721,694,000 | -719,697,000 | -717,700,000 | -715,703,000 | -713,706,000 | -711,709,000 | -709,712,000 | -707,715,000 | -705,718,000 | -703,721,000 | -701,724,000 | -699,727,000 | -697,730,000 | -695,733,000 | -693,736,000 | -693,736,000 | -689,742,000 | -687,745,000 | -685,748,000 | -683,751,000 | -681,754,000 | -679,757,000 | -677,760,000 | -675,763,000 | -673,766,000 | -657,176,000 | -650,195,000 | -643,214,000 | -636,233,000 | -629,252,000 | -622,271,000 | -622,275,000 | |||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 2,409,715,000 | 2,434,284,000 | 2,408,352,000 | 2,385,067,000 | 2,354,263,000 | 2,383,975,000 | 2,361,417,000 | 2,816,528,000 | 2,823,453,000 | 2,938,429,000 | 2,972,977,000 | 3,048,728,000 | 3,205,313,000 | 3,225,297,000 | 3,225,176,000 | 3,236,678,000 | 3,236,620,000 | 3,666,394,000 | 3,637,580,000 | 3,244,577,000 | 3,226,825,000 | 3,634,173,000 | 3,390,289,000 | 3,182,801,000 | 3,168,318,000 | 3,441,014,000 | 3,400,290,000 | 3,299,366,000 | 3,323,560,000 | 3,285,335,000 | 3,285,483,000 | 3,260,447,000 | 3,289,040,000 | 3,198,638,000 | 3,387,371,000 | 3,368,487,000 | 3,327,208,000 | 3,387,230,000 | 3,311,178,000 | 3,489,003,000 | 3,370,888,000 | 3,359,070,000 | 3,421,033,000 | 4,072,477,000 | 4,126,730,000 | 3,500,124,000 | 3,682,126,000 | 3,723,030,000 | 3,592,297,000 | 3,388,174,000 | 3,139,785,000 | 3,313,845,000 | 3,108,523,000 | 3,149,937,000 | 2,963,165,000 | 2,929,959,000 | 2,909,752,000 | 2,918,108,000 | 2,878,478,000 | 2,870,279,000 | 2,902,883,000 | 2,961,698,000 | 2,979,177,000 | 2,950,768,000 | 2,641,881,000 | 2,663,253,000 | 2,683,827,000 | 2,645,486,000 | 2,657,350,000 | 2,547,047,000 | 2,549,709,000 | 2,307,194,000 | 2,313,937,000 | 2,325,856,000 | 2,337,711,000 | 2,011,651,000 | 2,016,537,000 | 2,026,508,000 | 1,917,073,000 | 1,926,273,000 | ||||
noncontrolling interest | 3,467,000 | 3,503,000 | 4,976,000 | 5,046,000 | 7,973,000 | 7,852,000 | 7,655,000 | 7,204,000 | 7,142,000 | 7,393,000 | 7,290,000 | 6,542,000 | 6,521,000 | 6,539,000 | 6,442,000 | 6,486,000 | 6,486,000 | 7,347,000 | 7,034,000 | 1,295,000 | 1,288,000 | 1,450,000 | 1,272,000 | 1,197,000 | 1,193,000 | 1,295,000 | 1,189,000 | 1,129,000 | 1,139,000 | 1,126,000 | 1,042,000 | 210,854,000 | 210,085,000 | 205,606,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 2,413,182,000 | 2,437,787,000 | 2,413,328,000 | 2,390,113,000 | 2,362,236,000 | 2,391,827,000 | 2,369,072,000 | 2,823,732,000 | 2,830,595,000 | 2,945,822,000 | 2,980,267,000 | 3,055,270,000 | 3,211,834,000 | 3,231,836,000 | 3,231,618,000 | 3,243,164,000 | 3,243,106,000 | 3,673,741,000 | 3,644,614,000 | 3,245,872,000 | 3,228,113,000 | 3,635,623,000 | 3,391,561,000 | 3,183,998,000 | 3,169,511,000 | 3,442,309,000 | 3,401,479,000 | 3,300,495,000 | 3,324,699,000 | 3,286,461,000 | 3,286,525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 2,441,130,000 | 2,463,741,000 | 2,439,686,000 | 2,425,041,000 | 2,393,786,000 | 2,421,843,000 | 2,399,324,000 | 2,854,885,000 | 2,968,520,000 | 2,968,480,000 | 3,000,018,000 | 3,081,383,000 | 3,244,603,000 | 3,256,268,000 | 3,260,676,000 | 3,277,671,000 | 3,708,774,000 | 3,733,155,000 | 3,704,057,000 | 3,319,377,000 | 3,731,343,000 | 3,702,171,000 | 3,713,937,000 | 3,530,772,000 | 3,813,728,000 | 3,776,874,000 | 4,137,306,000 | 4,236,945,000 | 4,260,289,000 | 4,491,116,000 | 4,518,756,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 107,223,284 and 106,847,438 shares issued and outstanding, respectively | 1,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 106,847,438 and 109,428,252 shares issued and outstanding, respectively | 1,068,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 106,712,046 and 109,428,252 shares issued and outstanding, respectively | 1,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 109,730,457 and 109,428,252 shares issued and outstanding, respectively | 1,097,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 109,701,592 and 109,428,252 shares issued and outstanding, respectively | 1,097,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 109,428,252 and 115,205,818 shares issued and outstanding, respectively | 1,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 110,651,571 and 115,205,818 shares issued and outstanding, respectively | 1,106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 111,241,842 and 115,205,818 shares issued and outstanding, respectively | 1,112,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 112,670,401 and 115,205,818 shares issued and outstanding, respectively | 1,127,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 115,205,818 and 121,522,555 shares issued and outstanding, respectively | 1,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,511,102 and 121,522,555 shares issued and outstanding, respectively | 1,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,940,355 and 121,522,555 shares issued and outstanding, respectively | 1,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,916,875 and 121,522,555 shares issued and outstanding, respectively | 1,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 4,103,000 | 3,174,000 | 5,003,000 | 4,456,000 | 2,310,000 | 1,767,000 | 3,298,000 | 9,708,000 | 8,419,000 | 6,995,000 | 8,897,000 | 7,657,000 | 6,594,000 | 6,155,000 | 6,532,000 | 36,755,000 | 33,777,000 | 36,190,000 | 32,245,000 | 28,463,000 | 31,351,000 | 33,349,000 | 17,715,000 | 15,554,000 | 22,829,000 | 17,441,000 | 17,443,000 | 18,009,000 | 14,723,000 | 13,631,000 | 14,329,000 | 17,195,000 | 10,102,000 | 5,109,000 | 5,530,000 | 7,075,000 | 12,474,000 | 10,490,000 | 11,638,000 | 8,993,000 | 9,880,000 | 79,944,000 | 94,105,000 | 11,543,000 | 18,027,000 | 17,410,000 | 16,571,000 | 14,235,000 | 21,635,000 | 22,775,000 | 15,931,000 | 13,316,000 | 18,348,000 | 17,095,000 | 22,282,000 | 19,838,000 | 22,257,000 | 20,653,000 | 8,608,000 | 7,086,000 | 9,163,000 | 8,604,000 | 6,616,000 | 3,632,000 | 9,415,000 | |||||||||||||||||||
mortgage note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,522,555 and 121,924,199 shares issued and outstanding, respectively | 1,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 25,281,000 | 25,487,000 | 25,691,000 | 25,896,000 | 26,091,000 | 26,288,000 | 26,482,000 | 31,643,000 | 31,964,000 | 32,281,000 | 32,594,000 | 34,999,000 | 35,401,000 | 77,178,000 | 77,717,000 | 243,993,000 | 244,850,000 | 245,691,000 | 249,732,000 | 367,713,000 | 513,561,000 | 606,423,000 | 609,249,000 | 619,760,000 | 895,231,000 | 898,804,000 | 925,120,000 | 977,044,000 | 980,985,000 | 869,384,000 | 801,709,000 | 784,454,000 | 633,935,000 | 380,597,000 | 350,462,000 | 352,575,000 | 620,137,000 | 622,127,000 | 442,071,000 | 443,908,000 | 445,705,000 | 387,090,000 | 380,116,000 | 363,555,000 | 394,376,000 | 397,435,000 | 410,892,000 | 413,836,000 | 416,058,000 | 388,743,000 | 390,495,000 | 379,959,000 | 374,165,000 | 347,088,000 | 434,346,000 | 437,667,000 | 440,407,000 | 438,085,000 | 325,976,000 | 327,582,000 | 328,510,000 | 333,222,000 | 333,848,000 | 335,055,000 | 335,797,000 | |||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,524,510 and 121,924,199 shares issued and outstanding, respectively | 1,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,521,624 and 121,924,199 shares issued and outstanding, respectively | 1,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,502,520 and 121,924,199 shares issued and outstanding, respectively | 1,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 249,602,000 | 248,838,000 | 248,275,000 | 247,879,000 | 276,928,000 | 279,626,000 | 278,072,000 | 275,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior unsecured debt | 248,689,000 | 248,473,000 | 248,258,000 | 248,048,000 | 646,246,000 | 815,984,000 | 815,577,000 | 1,064,954,000 | 1,064,450,000 | 1,063,950,000 | 1,313,267,000 | 1,312,707,000 | 1,312,148,000 | 1,460,592,000 | 1,460,360,000 | 1,460,131,000 | 1,598,652,000 | 1,598,416,000 | 1,823,182,000 | 1,856,373,000 | 1,856,135,000 | 1,954,701,000 | 2,304,465,000 | 2,304,229,000 | 3,029,652,000 | 2,695,152,000 | 2,694,780,000 | 2,687,600,000 | 2,687,172,000 | 2,686,745,000 | 2,474,116,000 | 2,259,137,000 | 2,258,801,000 | 2,133,130,000 | 2,132,795,000 | 2,209,804,000 | 2,240,865,000 | 2,240,504,000 | 2,240,144,000 | 2,239,784,000 | 2,239,424,000 | 1,991,241,000 | 1,941,469,000 | 1,941,173,000 | 1,940,878,000 | 1,940,582,000 | 1,940,287,000 | 1,889,991,000 | 1,640,455,000 | 1,640,178,000 | 1,639,901,000 | 1,739,624,000 | ||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,924,199 and 121,572,155 shares issued and outstanding, respectively | 1,219,000 | 1,219,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative other comprehensive loss | -342,000 | -1,006,000 | -1,469,000 | -2,106,000 | -95,000 | -1,002,000 | -208,000 | -1,117,000 | -2,234,000 | -3,014,000 | -3,687,000 | -5,142,000 | -5,963,000 | -72,228,000 | -53,216,000 | -39,765,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 4,915,196 shares issued and outstanding, aggregate liquidation preference of 122,880 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired real estate leases | 92,000 | 183,000 | 275,000 | 596,000 | 2,946,000 | 3,621,000 | 23,847,000 | 28,108,000 | 42,719,000 | 45,482,000 | 48,281,000 | 52,017,000 | 70,724,000 | 83,121,000 | 88,760,000 | 99,017,000 | 121,912,000 | 184,894,000 | 198,287,000 | 212,584,000 | 227,197,000 | 244,634,000 | 272,381,000 | 394,978,000 | 416,763,000 | 371,929,000 | 364,282,000 | 374,022,000 | 360,293,000 | 287,241,000 | 270,676,000 | 179,357,000 | 175,130,000 | 156,877,000 | 163,753,000 | 157,428,000 | 159,428,000 | 160,401,000 | 151,869,000 | 162,007,000 | 150,672,000 | 156,743,000 | 163,224,000 | 162,538,000 | 167,879,000 | 164,155,000 | 173,510,000 | 177,279,000 | 161,787,000 | 150,761,000 | 149,087,000 | 142,451,000 | 149,063,000 | 139,607,000 | 67,994,000 | 67,569,000 | 68,983,000 | 45,651,000 | ||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,922,120 and 121,572,155 shares issued and outstanding, respectively | 1,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,899,625 and 121,572,155 shares issued and outstanding, respectively | 1,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,974 and 4,771, respectively | 51,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,572,155 and 124,217,616 shares issued and outstanding, respectively | 1,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,816 and 4,771, respectively | 50,103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,482,673 and 124,217,616 shares issued and outstanding, respectively | 1,215,000 | 1,215,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,101 and 4,771, respectively | 57,347,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,137 and 4,771, respectively | 55,910,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumed real estate lease obligations | 503,000 | 1,001,000 | 1,215,000 | 1,429,000 | 1,630,000 | 1,946,000 | 2,140,000 | 2,761,000 | 3,624,000 | 4,296,000 | 4,890,000 | 5,728,000 | 24,220,000 | 26,784,000 | 28,950,000 | 31,354,000 | 33,064,000 | 38,087,000 | 62,270,000 | 66,576,000 | 70,587,000 | 69,237,000 | 72,392,000 | 72,619,000 | 69,836,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 4,412,000 | 4,735,000 | 5,938,000 | 5,957,000 | 6,957,000 | 8,160,000 | 8,128,000 | 9,154,000 | 9,670,000 | 10,338,000 | 10,722,000 | 10,610,000 | 14,095,000 | 14,044,000 | 13,648,000 | 13,852,000 | 13,682,000 | 12,442,000 | 24,031,000 | 23,822,000 | 24,191,000 | 24,489,000 | 24,024,000 | 23,710,000 | 23,284,000 | 22,726,000 | 22,903,000 | 22,090,000 | 23,008,000 | 21,404,000 | 21,375,000 | 17,722,000 | 17,644,000 | 12,597,000 | 16,724,000 | 16,063,000 | 16,031,000 | 16,076,000 | 15,870,000 | 15,972,000 | 15,154,000 | 15,081,000 | 14,577,000 | 13,679,000 | 13,536,000 | 12,718,000 | 12,033,000 | 11,920,000 | 11,510,000 | 9,724,000 | 9,602,000 | 9,520,000 | 9,299,000 | 8,591,000 | 8,819,000 | 8,444,000 | ||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 121,457,073 and 124,217,616 shares issued and outstanding, respectively | 1,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
properties held for sale | 97,688,000 | 64,396,000 | 13,463,000 | 150,766,000 | 20,347,000 | 112,150,000 | 360,781,000 | 214,677,000 | 678,250,000 | 128,529,000 | 159,501,000 | 43,573,000 | 51,127,000 | 51,249,000 | 8,297,000 | 160,459,000 | 8,290,000 | 11,178,000 | 105,234,000 | 135,760,000 | 219,666,000 | 311,665,000 | 2,725,000 | 10,709,000 | 10,726,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,771 and 5,105, respectively | 93,436,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 124,217,616 and 123,994,465 shares issued and outstanding, respectively | 1,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,217 and 5,105, respectively | 107,832,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 124,089,443 and 123,994,465 shares issued and outstanding, respectively | 1,241,000 | 1,241,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative other comprehensive income | 2,671,000 | 1,235,000 | 2,577,000 | 18,363,000 | 11,098,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,352 and 5,105, respectively | 115,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,593 and 5,105, respectively | 152,081,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 124,064,195 and 123,994,465 shares issued and outstanding, respectively | 1,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,105 and 7,715, respectively | 152,031,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 4,915,196 shares issued and outstanding, respectively, aggregate liquidation preference of 122,880 | 119,263,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred shares; 7 1/4% cumulative redeemable on or after may 15, 2016; 0 and 11,000,000 shares issued and outstanding, respectively, aggregate liquidation preference 0 and 275,000, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 123,994,465 and 126,349,914 shares issued and outstanding, respectively | 1,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 4,526,075,000 | 4,965,767,000 | 4,911,775,000 | 5,103,149,000 | 5,244,372,000 | 5,324,243,000 | 5,548,046,000 | 5,734,296,000 | 6,170,796,000 | 6,593,360,000 | 6,600,714,000 | 6,821,987,000 | 8,019,538,000 | 8,082,668,000 | 7,946,955,000 | 7,798,584,000 | 7,713,391,000 | 7,458,190,000 | 6,959,999,000 | 6,689,687,000 | 6,373,775,000 | 6,205,018,000 | 6,234,751,000 | 6,007,527,000 | 5,926,090,000 | 6,070,451,000 | 6,070,543,000 | 6,003,146,000 | 5,959,846,000 | 5,859,332,000 | 5,750,889,000 | 5,636,768,000 | 5,575,949,000 | 5,454,778,000 | 5,441,519,000 | 5,355,189,000 | 5,327,167,000 | 5,154,048,000 | 5,012,423,000 | 4,823,683,000 | 4,813,330,000 | 4,752,257,000 | 4,045,756,000 | 4,027,411,000 | 4,013,244,000 | 3,494,801,000 | ||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,515 and 7,715, respectively | 150,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 125,532,523 and 126,349,914 shares issued and outstanding, respectively | 1,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,431 and 7,715, respectively | 169,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 125,533,376 and 126,349,914 shares issued and outstanding, respectively | 1,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,193 and 7,715, respectively | 176,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred shares; 7 1/4% cumulative redeemable on or after may 15, 2016; 11,000,000 shares issued and outstanding, aggregate liquidation preference 275,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | 265,391,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 125,502,748 and 126,349,914 shares issued and outstanding, respectively | 1,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,715 and 6,565, respectively | 174,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 4,915,196 and 4,915,497 shares issued and outstanding, respectively, aggregate liquidation preference of 122,880 and 122,887, respectively | 119,263,000 | 119,263,000 | 119,263,000 | 119,263,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 126,349,914 and 129,607,279 shares issued and outstanding, respectively | 1,263,000 | 1,263,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 9,281 and 6,565, respectively | 184,679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 10,008 and 6,565, respectively | 209,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 129,760,214 and 129,607,279 shares issued and outstanding, respectively | 1,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,110 and 6,565, respectively | 249,408,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 129,733,742 and 129,607,279 shares issued and outstanding, respectively | 1,297,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments | 531,862,000 | 518,934,000 | 517,254,000 | 11,407,000 | 11,394,000 | 178,996,000 | 180,237,000 | 176,255,000 | 178,652,000 | 168,871,000 | 170,100,000 | 173,721,000 | 166,626,000 | 173,619,000 | 161,045,000 | 158,053,000 | 218,174,000 | 220,445,000 | 222,589,000 | 260,208,000 | 255,361,000 | 258,326,000 | 261,524,000 | 264,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 6,565 and 7,885, respectively | 248,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 235,000,000 | 235,000,000 | 235,000,000 | 135,000,000 | 135,000,000 | 160,000,000 | 235,000,000 | 230,000,000 | 270,000,000 | 241,000,000 | 201,000,000 | 297,000,000 | 303,000,000 | 301,000,000 | 308,000,000 | 140,000,000 | 38,000,000 | 212,000,000 | 144,000,000 | 40,000,000 | 310,000,000 | 280,000,000 | 193,000,000 | 256,000,000 | 346,000,000 | 236,000,000 | 80,000,000 | 175,000,000 | 95,000,000 | 27,000,000 | 412,000,000 | 160,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related persons | 22,984,000 | 15,793,000 | 6,564,000 | 12,954,000 | 14,636,000 | 31,942,000 | 14,664,000 | 13,667,000 | 28,448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity attributable to equity commonwealth: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares of beneficial interest, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 4,915,497 and 15,180,000 shares issued and outstanding, respectively, aggregate liquidation preference of 122,887 and 379,500, respectively | 119,266,000 | 119,266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 129,607,279 and 118,386,918 shares issued and outstanding, respectively | 1,296,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 3,319,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 5,761,639,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,013 and 7,885, respectively | 238,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 128,893,552 and 118,386,918 shares issued and outstanding, respectively | 1,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,451 and 7,885, respectively | 238,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 4,916,997 and 15,180,000 shares issued and outstanding, respectively, aggregate liquidation preference of 122,925 and 379,500, respectively | 119,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 128,859,923 and 118,386,918 shares issued and outstanding, respectively | 1,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,462 and 7,885, respectively | 239,766,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 15,180,000 shares issued and outstanding, aggregate liquidation preference 379,500 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | 368,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 118,413,730 and 118,386,918 shares issued and outstanding, respectively | 1,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,750 and 9,962, respectively | 218,301,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sir revolving credit facility | 235,000,000 | 238,000,000 | 92,000,000 | 321,000,000 | 227,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity attributable to commonwealth reit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 118,387,518 and 83,804,068 shares issued and outstanding, respectively | 1,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity attributable to commonwealth reit | 3,421,033,000 | 3,671,141,000 | 3,728,032,000 | 3,289,270,000 | 3,472,041,000 | 3,517,424,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in consolidated subsidiary | 401,336,000 | 398,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,769 and 9,962, respectively | 274,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 350,000,000 shares authorized; 118,314,068 and 83,804,068 shares issued and outstanding, respectively | 1,183,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 9,962 | 267,733,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares of beneficial interest, 0.01 par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
50,000,000 shares authorized; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 118,304,068 and 83,804,068 shares issued and outstanding, respectively | 1,183,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 11,798 and 12,575, respectively | 246,313,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1/8% cumulative redeemable since february 15, 2011; zero and 6,000,000 shares issued and outstanding, respectively, aggregate liquidation preference 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 83,804,068 and 83,721,736 shares issued and outstanding, respectively | 838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 12,427 and 12,575, respectively | 236,001,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1/8% cumulative redeemable since february 15, 2011; 6,000,000 shares issued and outstanding, aggregate liquidation preference 150,000 | 145,015,000 | 145,015,000 | 145,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 83,730,451 and 83,721,736 shares issued and outstanding, respectively | 837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 11,835 and 12,575, respectively | 226,565,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred shares; 7 1/4% cumulative redeemable on or after may 15, 2016; 11,000,000 issued and outstanding, aggregate liquidation preference 275,000 | 265,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 83,721,736 shares issued and outstanding | 837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 12,421 and 12,550, respectively | 212,737,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred shares; 7 1/4% cumulative redeemable on or after may 15, 2016; 11,000,000 and zero shares issued and outstanding, respectively, aggregate liquidation preference 275,000 | 265,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 83,721,736 and 72,138,686 shares issued and outstanding, respectively | 837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 12,316 and 12,550, respectively | 203,304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to affiliates | 11,621,000 | 11,488,000 | 25,602,000 | 9,096,000 | 10,288,000 | 28,717,000 | 17,705,000 | 13,357,000 | 22,453,000 | 12,819,000 | 11,329,000 | 10,399,000 | 23,228,000 | 8,193,000 | 7,448,000 | 12,708,000 | 19,643,000 | 7,545,000 | 9,636,000 | 10,876,000 | 25,813,000 | 11,454,000 | 6,566,000 | 16,418,000 | 30,820,000 | 6,255,000 | 5,882,000 | 8,370,000 | 14,667,000 | 9,742,000 | 9,804,000 | 6,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1/8% cumulative redeemable at par on or after february 15, 2011; 6,000,000 shares issued and outstanding, aggregate liquidation preference 150,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | 145,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred shares; 7 1/4% cumulative redeemable at par on or after may 15, 2016; 11,000,000 and zero shares issued and outstanding, respectively, aggregate liquidation preference 275,000 | 265,804,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 72,148,686 and 72,138,686 shares issued and outstanding, respectively | 721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 12,175 and 12,550, respectively | 205,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities related to properties held for sale | 297,000 | 11,000 | 451,000 | 8,000 | 23,000 | 2,987,000 | 3,451,000 | 3,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired real estate lease obligations | 65,130,000 | 43,513,000 | 44,549,000 | 45,226,000 | 49,398,000 | 46,989,000 | 45,577,000 | 50,338,000 | 42,375,000 | 43,268,000 | 41,607,000 | 39,612,000 | 40,942,000 | 40,757,000 | 41,833,000 | 42,472,000 | 44,300,000 | 43,711,000 | 38,987,000 | 38,753,000 | 39,495,000 | 38,428,000 | 39,843,000 | 39,423,000 | 31,469,000 | 32,096,000 | 33,206,000 | 16,835,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 72,138,686 shares issued and outstanding | 721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 12,415 and 10,945, respectively | 198,899,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 3/4% cumulative redeemable at par on or after september 12, 2007; 7,000,000 shares issued and outstanding, aggregate liquidation preference 175,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | 169,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 72,138,686 and 55,965,061 shares issued and outstanding, respectively | 721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 11,779 and 10,945, respectively | 196,781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 64,596,310 and 55,965,060 shares issued and outstanding, respectively | 646,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 11,539 and 10,945, respectively | 203,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 258,360,241 and 223,860,241 shares issued and outstanding, respectively | 2,584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 10,910 and 8,492, respectively | 187,495,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 223,860,241 and 227,731,938 shares issued and outstanding, respectively | 2,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,351 and 8,492, respectively | 188,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 223,708,241 and 227,731,938 shares issued and outstanding, respectively | 2,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,305 and 8,492, respectively | 203,034,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 223,683,241 and 227,731,938 shares issued and outstanding, respectively | 2,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,494 and 6,290, respectively | 181,998,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 227,695,938 and 225,444,497 shares issued and outstanding, respectively | 2,277,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 8,082 and 6,290, respectively | 174,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable and other liabilities related to properties held for sale | 16,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 225,464,497 and 225,444,497 shares issued and outstanding, respectively | 2,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 7,728 and 6,290, respectively | 202,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 225,444,497 shares issued and outstanding | 2,254,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 6,290 and 4,737, respectively | 197,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 44,111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 3/4% cumulative redeemable at par on or after september 12, 2007; 7,000,000 and 12,000,000 shares issued and outstanding, respectively, aggregate liquidation preference 175,000 and 300,000, respectively | 169,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
350,000,000 shares authorized; 225,444,497 and 210,051,590 shares issued and outstanding, respectively | 2,254,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,810 and 4,737, respectively | 191,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,830 and 4,737, respectively | 182,980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 ¾% cumulative redeemable at par on or after september 12, 2007; 12,000,000 shares issued and outstanding, aggregate liquidation preference 300,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
300,000,000 shares authorized; 211,946,590 and 210,051,590 shares issued and outstanding, respectively | 2,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 5,754 and 4,737, respectively | 181,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 3/4% cumulative redeemable at par on september 12, 2007; 12,000,000 shares issued and outstanding, aggregate liquidation preference 300,000 | 289,849,000 | 289,849,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1/8% cumulative redeemable at par on february 15, 2011; 6,000,000 shares issued and outstanding, aggregate liquidation preference 150,000 | 145,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 300,000,000 shares authorized; 211,056,590 and 210,051,590 shares issued and outstanding, respectively | 2,111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,737 and 3,767, respectively | 172,566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares; 9 7/8% cumulative redeemable at par on february 22, 2006; zero and 8,000,000 shares issued and outstanding, respectively, aggregate liquidation preference 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1/8% cumulative redeemable at par on february 15, 2011; 6,000,000 and zero shares issued and outstanding, respectively, aggregate liquidation preference 150,000 | 145,015,000 | 145,015,000 | 145,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred shares; 6 1/2% cumulative convertible; 15,180,000 and zero shares issued and outstanding, respectively, aggregate liquidation preference 379,500 | 368,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
300,000,000 shares authorized; 210,051,590 and 209,860,625 shares issued and outstanding, respectively | 2,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments in former subsidiaries | 194,297,000 | 205,498,000 | 207,655,000 | 205,547,000 | 207,804,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,696 and 3,767, respectively | 165,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 ¾% cumulative redeemable at par on september 12, 2007; 12,000,000 shares issued and outstanding, aggregate liquidation preference 300,000 | 289,849,000 | 289,849,000 | 289,849,000 | 289,849,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 250,000,000 shares authorized; 210,036,590 and 209,860,625 shares issued and outstanding, respectively | 2,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,862 and 3,767, respectively | 159,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares; 9 7¤8% cumulative redeemable at par on february 22, 2006; zero and 8,000,000 shares issued and outstanding, respectively, aggregate liquidation preference 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred shares; 7 1¤8% cumulative redeemable at par on february 15, 2011; 6,000,000 and zero shares issued and outstanding, respectively, aggregate liquidation preference 150,000 | 145,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 250,000,000 shares authorized; 209,985,540 and 209,860,625 shares issued and outstanding, respectively | 2,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,910 and 3,767, respectively | 158,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 250,000,000 shares authorized; 209,860,625 shares issued and outstanding | 2,099,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,767 and 4,594, respectively | 145,385,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares; 9 7/8% cumulative redeemable at par on february 22, 2006; 8,000,000 shares issued and outstanding, aggregate liquidation preference 200,000 | 193,086,000 | 193,086,000 | 193,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
250,000,000 shares authorized; 209,860,625 and 177,316,525 shares issued and outstanding, respectively | 2,099,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,688 and 4,594, respectively | 134,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares; 9 7/8% cumulative, redeemable at par on february 22, 2006; 8,000,000 shares outstanding, aggregate liquidation preference 200,000 | 193,086,000 | 193,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 ¾% cumulative, redeemable at par on september 12, 2007; 12,000,000 shares outstanding, aggregate liquidation preference 300,000 | 289,849,000 | 289,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 250,000,000 shares authorized; 209,860,625 and 177,316,525 shares outstanding, respectively | 2,099,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate properties, at cost: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,388 and 4,594, respectively | 126,621,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
225,000,000 shares authorized; 199,821,025 and 177,316,525 shares outstanding, respectively | 1,998,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,420 and 4,594, respectively | 119,465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 225,000,000 shares authorized; 199,816,525 and 177,316,525 shares issued and outstanding, respectively | 1,998,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 4,594 and 4,568, respectively | 113,504,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 200,000,000 shares authorized; 177,316,525 and 142,773,925 shares issued and outstanding, respectively | 1,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable, net of allowance for doubtful accounts of 3,558 and 4,568, respectively | 104,840,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan | 350,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior notes payable | 1,389,345,000 | 993,678,000 | 993,494,000 | 1,136,311,000 | 886,681,000 | 886,511,000 | 951,341,000 | 843,180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares; 9 7/8% cumulative redeemable; 8,000,000 shares issued and outstanding, aggregate liquidation preference 200,000 | 193,086,000 | 193,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 3/4% cumulative redeemable; 12,000,000 shares issued and outstanding, aggregate liquidation preference 300,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value... | 1,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred shares; 8 ¾% cumulative redeemable; 12,000,000 shares issued and outstanding, aggregate liquidation preference 300,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 177,278,425 and 142,773,925 shares issued and outstanding, respectively | 1,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 8,000,000 shares issued and outstanding | 193,086,000 | 193,086,000 | 193,086,000 | 193,086,000 | 193,086,000 | 193,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 12,000,000 shares issued and outstanding | 289,849,000 | 289,849,000 | 289,849,000 | 289,849,000 | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 177,273,925 and 142,773,925 shares issued and outstanding, respectively | 1,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares of beneficial interest, 0.01 par value: 50,000,000 shares authorized: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 200,000,000 shares authorized, 142,773,925 and 128,825,247 shares issued and outstanding, respectively | 1,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 142,774,177 and 128,825,247 shares issued and outstanding, respectively | 1,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional-paid in capital | 2,071,198,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on revolving credit facility | 41,000,000 | 40,000,000 | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 175,000,000 shares authorized, 142,169,577 and 128,825,247 shares issued and outstanding, respectively | 1,422,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 121,613,000 | 120,590,000 | 413,790,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 107,000 | 43,000 | 3,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 121,720,000 | 120,633,000 | 416,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 45,686,000 | 46,025,000 | 152,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 25,062,000 | 25,079,000 | 86,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 20,895,000 | 20,274,000 | 68,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 4,872,000 | 4,500,000 | 16,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 1,487,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 98,002,000 | 97,629,000 | 324,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of equity investments | 23,718,000 | 23,004,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of equity investments | 3,653,000 | 4,288,000 | 19,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity transaction of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 27,371,000 | 27,292,000 | 106,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred distributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for common shareholders | 15,871,000 | 15,792,000 | 79,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | 130,521,000 | 128,846,000 | 128,817,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 150,000,000 shares authorized, 128,918,077 and 128,825,247 shares issued and outstanding, respectively | 1,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of debt | 1,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation | 284,548,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rents | 10,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 12,000,000 and zero shares issued and outstanding, respectively | 289,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares of beneficial interest, 0.01 par value: 150,000,000 shares authorized, 128,825,247 and 128,808,747 shares issued and outstanding, respectively | 1,288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized holding losses on investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of impairment of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of equity investments, gain on sale of properties and extraordinary item | 92,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity transactions of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gain on sale of properties and extraordinary item | 110,267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before extraordinary item | 110,267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extraordinary item – early extinguishment of debt |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-10-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 8,298,000 | -26,227,000 | 24,186,000 | 25,458,000 | 26,626,000 | 26,232,000 | 15,836,000 | 22,751,000 | 20,928,000 | 12,221,000 | 2,903,000 | 1,305,000 | -1,637,000 | -2,814,000 | -1,940,000 | -10,038,000 | -1,670,000 | 370,000 | 27,886,000 | 425,507,000 | 15,996,000 | 23,896,000 | 242,377,000 | 210,597,000 | 15,422,000 | 32,777,000 | 37,047,000 | 187,662,000 | -21,569,000 | 33,224,000 | -5,811,000 | 23,822,000 | 12,260,000 | 86,388,000 | 87,844,000 | 46,402,000 | 43,145,000 | 30,466,000 | 12,616,000 | 13,630,000 | -158,561,000 | 156,740,000 | 5,385,000 | 20,448,000 | -216,207,000 | 28,917,000 | 35,624,000 | 20,586,000 | 24,574,000 | 28,535,000 | 19,964,000 | 46,612,000 | 65,810,000 | 9,998,000 | 37,297,000 | 72,199,000 | 59,616,000 | 43,112,000 | 85,724,000 | 68,052,000 | 27,406,000 | 27,479,000 | 32,154,000 | 31,474,000 | 33,148,000 | 37,877,000 | 31,354,000 | 31,514,000 | 149,835,000 | 43,706,000 | 38,297,000 | 50,746,000 | 32,235,000 | 41,993,000 | 36,401,000 | 35,060,000 | 49,375,000 | 35,164,000 | 24,619,000 | 27,371,000 | 27,292,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 566,000 | 3,654,000 | 3,614,000 | 3,626,000 | 3,561,000 | 3,810,000 | 3,824,000 | 3,719,000 | 3,963,000 | 3,791,000 | 3,700,000 | 3,776,000 | 3,764,000 | 3,940,000 | 3,762,000 | 3,769,000 | 3,870,000 | 4,187,000 | 3,723,000 | 4,382,000 | 5,174,000 | 5,077,000 | 6,128,000 | 7,403,000 | 9,242,000 | 9,404,000 | 10,461,000 | 11,279,000 | 14,991,000 | 16,941,000 | 19,344,000 | 21,893,000 | 23,567,000 | 23,329,000 | 27,217,000 | 28,582,000 | 28,649,000 | 30,865,000 | 39,956,000 | 46,418,000 | 43,505,000 | 42,059,000 | 42,830,000 | 37,682,000 | 44,351,000 | 48,657,000 | 47,349,000 | 46,237,000 | 44,443,000 | 42,602,000 | 39,265,000 | 41,457,000 | 38,258,000 | 39,562,000 | 39,755,000 | 37,960,000 | 39,648,000 | 38,804,000 | 37,802,000 | 39,500,000 | 39,406,000 | 38,673,000 | 37,426,000 | 36,446,000 | 35,005,000 | 32,316,000 | 33,155,000 | 32,594,000 | 30,703,000 | 29,145,000 | 27,928,000 | 27,692,000 | 27,186,000 | 27,790,000 | 24,559,000 | 21,912,000 | 21,716,000 | 20,766,000 | 19,946,000 | 19,724,000 | 19,225,000 |
straight-line rental income | 26,000 | -77,000 | -259,000 | -223,000 | -538,000 | -107,000 | 273,000 | 279,000 | 389,000 | -61,000 | -100,000 | 10,000 | -130,000 | -409,000 | -561,000 | -307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other amortization | 65,000 | 560,000 | 568,000 | 731,000 | 623,000 | 626,000 | 690,000 | 591,000 | 671,000 | 660,000 | 613,000 | 636,000 | 639,000 | 648,000 | 670,000 | 582,000 | 810,000 | 950,000 | 675,000 | 732,000 | 863,000 | 771,000 | 1,341,000 | 1,034,000 | 1,293,000 | 1,329,000 | 1,877,000 | 1,628,000 | 2,019,000 | 2,363,000 | 2,552,000 | 3,055,000 | 3,294,000 | 3,282,000 | 3,776,000 | 4,161,000 | 4,085,000 | 4,442,000 | 5,436,000 | 7,346,000 | 5,750,000 | 5,602,000 | 5,348,000 | 4,231,000 | 4,921,000 | 5,006,000 | 4,800,000 | 5,022,000 | 4,793,000 | 4,092,000 | 3,864,000 | 4,230,000 | 3,893,000 | 4,138,000 | 4,185,000 | 3,967,000 | 4,408,000 | 2,866,000 | 4,003,000 | 4,126,000 | 3,997,000 | 3,812,000 | 3,483,000 | 3,900,000 | 3,229,000 | 3,291,000 | 2,820,000 | 2,809,000 | 2,562,000 | 2,387,000 | 2,240,000 | 2,239,000 | 2,005,000 | 1,836,000 | 1,534,000 | 1,403,000 | 1,366,000 | -4,485,000 | 7,828,000 | 1,171,000 | 1,049,000 |
amortization of right-of-use asset | 25,000 | 76,000 | 195,000 | 193,000 | 190,000 | 189,000 | 187,000 | 185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation | 1,155,000 | 2,758,000 | 2,624,000 | 2,565,000 | 2,501,000 | 2,499,000 | 7,989,000 | 2,988,000 | 2,885,000 | 2,885,000 | 2,993,000 | 3,176,000 | 2,853,000 | 2,988,000 | 2,914,000 | 6,687,000 | 3,324,000 | 3,320,000 | 3,268,000 | 3,303,000 | 3,370,000 | 3,408,000 | 3,721,000 | 3,927,000 | 4,020,000 | 5,197,000 | 5,142,000 | 5,338,000 | 5,107,000 | 5,575,000 | 5,506,000 | 5,226,000 | 4,659,000 | 4,894,000 | 4,624,000 | 4,353,000 | 3,660,000 | 3,655,000 | 4,152,000 | 3,958,000 | |||||||||||||||||||||||||||||||||||||||||
loss on asset impairment | -976,000 | 0 | 0 | 0 | 12,087,000 | 0 | 0 | 18,428,000 | 1,286,000 | 14,740,000 | 0 | 0 | 0 | 167,145,000 | -122,000 | 217,080,000 | 4,589,000 | 3,946,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale of properties | -7,000 | -208,000 | 0 | -26,916,000 | -419,620,000 | -24,000 | -1,945,000 | -227,166,000 | -193,037,000 | 1,608,000 | -20,877,000 | -26,937,000 | -205,211,000 | 29,172,000 | -25,080,000 | -3,136,000 | -16,454,000 | -25,676,000 | -82,169,000 | -106,375,000 | -36,666,000 | -39,793,000 | 2,708,000 | -5,868,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable and other assets | 698,000 | -1,325,000 | 211,000 | -793,000 | -657,000 | 441,000 | -861,000 | -662,000 | -379,000 | -3,374,000 | -1,071,000 | -1,265,000 | -326,000 | 80,000 | 58,000 | 269,000 | -1,104,000 | -1,530,000 | 1,248,000 | -733,000 | -2,027,000 | -3,036,000 | 80,000 | -8,116,000 | -137,000 | -2,893,000 | -5,446,000 | -11,410,000 | -2,946,000 | -860,000 | -1,663,000 | -18,239,000 | -3,447,000 | -6,747,000 | 1,759,000 | -15,486,000 | -865,000 | -26,145,000 | 8,216,000 | -28,678,000 | -26,187,000 | ||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other | 2,254,000 | 3,397,000 | 1,372,000 | -9,097,000 | 3,852,000 | 2,579,000 | 186,000 | -7,018,000 | 4,489,000 | 2,531,000 | 2,961,000 | -4,468,000 | -1,145,000 | 2,934,000 | -2,734,000 | 535,000 | -4,660,000 | 2,132,000 | 552,000 | -1,128,000 | 1,847,000 | 4,021,000 | -4,631,000 | -6,548,000 | 5,819,000 | 1,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent collected in advance | -578,000 | 63,000 | 540,000 | 176,000 | -143,000 | -999,000 | 317,000 | 460,000 | -282,000 | -126,000 | -969,000 | -254,000 | 1,562,000 | 51,000 | -606,000 | 51,000 | 1,067,000 | -660,000 | 390,000 | -996,000 | -406,000 | -21,000 | -312,000 | -1,871,000 | 1,269,000 | -1,955,000 | -1,185,000 | -1,786,000 | 47,000 | -4,776,000 | 750,000 | 416,000 | -3,069,000 | -2,261,000 | 1,604,000 | -3,255,000 | -2,350,000 | 2,427,000 | -7,919,000 | -620,000 | 5,170,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 10,676,000 | 33,105,000 | 32,906,000 | 22,443,000 | 35,825,000 | 35,081,000 | 28,254,000 | 23,108,000 | 32,657,000 | 18,437,000 | 11,030,000 | 2,916,000 | 5,580,000 | 7,418,000 | 1,563,000 | 1,548,000 | 1,618,000 | 8,461,000 | 11,471,000 | 11,778,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flows | 10,676,000 | 33,105,000 | 32,906,000 | 22,443,000 | 35,825,000 | 35,081,000 | 28,254,000 | 23,108,000 | 32,657,000 | 18,437,000 | 11,030,000 | 2,916,000 | 5,580,000 | 7,418,000 | 1,563,000 | 1,548,000 | 1,618,000 | 8,461,000 | 11,471,000 | 11,778,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate improvements | -763,000 | -1,781,000 | -5,870,000 | -5,055,000 | -1,078,000 | -1,540,000 | -1,898,000 | -1,175,000 | -388,000 | -662,000 | -1,877,000 | -650,000 | -824,000 | -1,905,000 | -467,000 | -3,607,000 | -4,161,000 | -4,941,000 | -1,397,000 | -1,540,000 | -4,636,000 | -3,343,000 | -3,733,000 | -14,340,000 | -8,212,000 | -9,515,000 | -19,442,000 | -12,761,000 | -13,113,000 | -13,715,000 | -18,096,000 | -19,889,000 | -29,344,000 | -31,817,000 | -34,326,000 | -25,963,000 | -27,237,000 | -14,773,000 | -16,460,000 | -12,163,000 | -17,716,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from sale of properties | 7,000 | 238,000 | 0 | 82,454,000 | 572,599,000 | 0 | 0 | 344,408,000 | 427,379,000 | 6,745,000 | 147,012,000 | 62,998,000 | 744,324,000 | 103,035,000 | 513,989,000 | 91,162,000 | 94,138,000 | 115,068,000 | 645,629,000 | 270,383,000 | 118,391,000 | 266,241,000 | 463,587,000 | 942,162,000 | 19,841,000 | 0 | 120,000 | 3,836,000 | 31,700,000 | 2,163,000 | 165,808,000 | 0 | 97,362,000 | 190,517,000 | 142,327,000 | 138,474,000 | 662,000 | 4,410,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -1,078,000 | -381,000 | -572,000 | -1,877,000 | -650,000 | -824,000 | 1,477,000 | -3,849,000 | -3,607,000 | -3,923,000 | -4,941,000 | 81,057,000 | 571,059,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of common shares | 0 | 0 | 0 | -3,056,000 | 0 | -56,803,000 | 0 | -3,395,000 | -29,394,000 | -15,017,000 | -37,582,000 | -77,877,000 | -163,325,000 | -11,122,000 | -948,000 | -6,093,000 | -2,000 | -14,000 | 0 | -26,881,000 | 0 | 0 | -145,000 | -5,342,000 | -4,066,000 | 0 | 0 | -89,910,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from holders of noncontrolling interest | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to common shareholders | 0 | 0 | 0 | -2,036,000 | 0 | 0 | 0 | -468,232,000 | -110,737,000 | 0 | 0 | -1,462,000 | 0 | 0 | 0 | -6,024,000 | -425,859,000 | 0 | 0 | -1,936,000 | -427,489,000 | 0 | 0 | -1,160,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred shareholders | 0 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -1,997,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | -6,981,000 | ||||||||||||||||||||||||||||||||||||||||
distributions to holders of noncontrolling interest | 0 | 0 | -3,000 | 0 | 0 | -1,843,000 | 0 | 0 | -852,000 | 0 | 0 | -997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 0 | -1,997,000 | -2,047,000 | -7,089,000 | -2,000,000 | -58,800,000 | -1,997,000 | -475,467,000 | -142,408,000 | -17,014,000 | -39,579,000 | -81,335,000 | -165,322,000 | -13,119,000 | -2,978,000 | -14,114,000 | -428,710,000 | -27,158,000 | -2,173,000 | -31,959,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 37,305,000 | 29,327,000 | 24,989,000 | 10,299,000 | -310,500,000 | 632,837,000 | 30,209,000 | -60,601,000 | 153,567,000 | 362,260,000 | 865,166,000 | 57,220,000 | -218,347,000 | 169,032,000 | 824,000 | 141,280,000 | -105,259,000 | 120,498,000 | -4,911,000 | 2,821,000 | 19,799,000 | -8,426,000 | 1,212,000 | 12,186,000 | -4,677,000 | -3,387,000 | 5,967,000 | 5,276,000 | -1,641,000 | -488,000 | 16,142,000 | 374,000 | -4,608,000 | 7,016,000 | -24,056,000 | 32,083,000 | 2,346,000 | -5,885,000 | 12,199,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 2,160,535,000 | 0 | 0 | 2,582,222,000 | 0 | 0 | 0 | 2,094,674,000 | 0 | 0 | 0 | 1,802,729,000 | 0 | 0 | 0 | 364,516,000 | 0 | 0 | 222,449,000 | 0 | 0 | 102,219,000 | 0 | 192,763,000 | 0 | 0 | 194,040,000 | 0 | 0 | 18,204,000 | 0 | 0 | 15,518,000 | 0 | 0 | 19,879,000 | -1,083,000 | 0 | 0 | 17,783,000 | 0 | 0 | 0 | 19,445,000 | 0 | 0 | 0 | 21,961,000 | 0 | 0 | 0 | 11,526,000 | 0 | 0 | 0 | 12,384,000 | ||||||||||||||||||||||
cash and cash equivalents at end of period | 37,305,000 | 29,327,000 | 24,989,000 | 2,170,834,000 | -25,259,000 | 24,359,000 | 2,128,688,000 | 851,000 | -30,426,000 | 2,721,929,000 | 265,528,000 | 79,012,000 | 1,888,537,000 | -310,500,000 | 632,837,000 | 30,209,000 | 1,742,128,000 | 153,567,000 | 362,260,000 | 865,166,000 | 421,736,000 | 169,032,000 | 250,818,000 | 177,555,000 | 88,470,000 | 28,828,000 | 48,692,000 | -54,782,000 | 193,587,000 | 155,638,000 | 29,646,000 | 25,389,000 | 141,280,000 | -105,259,000 | 138,702,000 | -4,911,000 | 2,821,000 | 35,317,000 | -8,426,000 | 1,212,000 | 32,065,000 | -5,760,000 | -3,387,000 | 5,967,000 | 23,059,000 | -15,675,000 | -1,641,000 | -488,000 | 35,587,000 | -2,069,000 | 2,593,000 | -3,414,000 | 22,335,000 | -4,608,000 | 7,016,000 | -24,056,000 | 43,609,000 | -9,518,000 | 2,346,000 | -5,885,000 | 24,583,000 | ||||||||||||||||||||
cash from investing activities | -1,781,000 | -5,870,000 | -5,055,000 | -1,898,000 | -1,175,000 | -4,636,000 | -3,343,000 | 340,675,000 | 663,039,000 | -1,467,000 | 143,096,000 | 48,876,000 | 751,619,000 | 92,868,000 | 499,411,000 | 74,230,000 | -200,923,000 | 108,213,000 | 612,838,000 | 242,127,000 | 88,941,000 | 237,152,000 | 449,817,000 | 928,753,000 | 33,171,000 | -15,869,000 | 687,459,000 | -22,008,000 | -10,455,000 | 66,139,000 | 33,744,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | 32,747,000 | -25,259,000 | 24,359,000 | -453,534,000 | 851,000 | 79,012,000 | -206,137,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of debt premiums and deferred financing fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | 2,562,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings | 0 | -25,147,000 | -146,000 | -148,000 | -145,000 | -140,000 | -255,414,000 | -143,000 | -5,668,000 | -266,000 | -400,261,000 | -175,265,000 | -2,581,000 | -250,348,000 | -41,776,000 | -348,000 | -418,596,000 | -842,000 | -827,000 | -139,922,000 | -116,804,000 | -960,000 | -140,319,000 | -1,589,000 | -234,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of noncontrolling interest | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, and restricted cash | -160,566,000 | -4,224,000 | -5,264,000 | -16,173,000 | -431,015,000 | -23,638,000 | 90,355,000 | 550,878,000 | -409,586,000 | 27,373,000 | 111,590,000 | 667,167,000 | -278,935,000 | 167,500,000 | -329,130,000 | 484,076,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of transaction costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents, and restricted cash | -79,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 2,800,998,000 | 0 | 0 | 2,987,225,000 | 0 | 0 | 2,800,645,000 | 0 | 0 | 2,404,101,000 | 0 | 0 | 2,360,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of debt discounts, premiums and deferred financing fees | 0 | -3,000 | -60,000 | -56,000 | -60,000 | -55,000 | 154,000 | 165,000 | 548,000 | 559,000 | 645,000 | 801,000 | 789,000 | 784,000 | 849,000 | 713,000 | 845,000 | 948,000 | 949,000 | 983,000 | 1,005,000 | 171,000 | -177,000 | 29,000 | 151,000 | -592,000 | 284,000 | 629,000 | 1,005,000 | 746,000 | 1,515,000 | 1,920,000 | 2,032,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired real estate leases | 0 | 53,000 | 52,000 | 53,000 | 172,000 | 453,000 | 565,000 | 997,000 | 1,921,000 | 2,118,000 | 2,415,000 | 2,540,000 | 2,840,000 | 3,455,000 | 10,205,000 | 4,629,000 | 5,891,000 | 7,973,000 | 10,109,000 | 10,304,000 | 11,709,000 | 11,625,000 | 15,827,000 | 11,979,000 | 13,290,000 | 16,157,000 | 16,903,000 | 15,011,000 | 14,411,000 | 13,509,000 | 10,572,000 | 9,573,000 | 8,334,000 | 7,632,000 | 7,454,000 | 9,555,000 | 7,131,000 | 9,898,000 | 7,480,000 | 7,535,000 | 7,473,000 | 7,392,000 | 7,530,000 | 8,320,000 | 7,724,000 | 7,603,000 | 7,527,000 | 7,293,000 | 7,675,000 | 6,400,000 | 5,970,000 | 5,458,000 | 5,197,000 | 5,354,000 | 4,243,000 | ||||||||||||||||||||||||||
(gain) loss on early extinguishment of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of marketable securities | 0 | 0 | 0 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | -5,264,000 | 2,971,052,000 | -23,638,000 | 90,355,000 | 3,351,523,000 | 27,373,000 | 111,590,000 | 3,071,268,000 | 167,500,000 | -329,130,000 | 2,844,666,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate mortgage receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds received | 0 | 0 | 0 | 1,443,000 | 0 | 0 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate mortgage receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 0 | 0 | 5,320,000 | 18,613,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
straight line rental income | -367,000 | 515,000 | 198,000 | -69,000 | 499,000 | -11,000 | -837,000 | -986,000 | -1,435,000 | -1,022,000 | -1,528,000 | -1,938,000 | -3,557,000 | -4,543,000 | -4,387,000 | -1,699,000 | -2,954,000 | -5,599,000 | -3,831,000 | -1,743,000 | -1,901,000 | -1,798,000 | 187,000 | -2,361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 719,000 | 0 | 1,536,000 | 4,867,000 | 203,000 | 118,000 | 428,000 | 0 | 0 | 60,027,000 | 1,608,000 | 67,000 | 0 | 0 | 0 | 0 | 0 | 1,659,000 | 0 | 0 | 0 | 2,866,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities | 24,851,000 | 32,853,000 | 28,471,000 | 12,770,000 | 38,989,000 | 26,667,000 | 24,251,000 | -371,000 | 35,670,000 | 18,462,000 | 48,554,000 | -2,690,000 | 46,304,000 | 22,838,000 | 70,890,000 | 22,984,000 | 40,121,000 | 17,421,000 | 83,681,000 | 40,321,000 | 39,673,000 | 31,567,000 | 82,525,000 | 46,627,000 | 52,959,000 | 93,869,000 | 42,832,000 | 103,552,000 | 35,151,000 | 67,128,000 | 110,044,000 | 29,020,000 | 62,181,000 | 88,024,000 | 48,154,000 | 58,951,000 | 111,833,000 | 62,808,000 | 74,782,000 | 103,642,000 | 62,031,000 | 73,508,000 | 65,357,000 | 95,679,000 | 37,030,000 | 99,500,000 | 45,460,000 | 86,782,000 | 54,637,000 | 45,400,000 | 63,663,000 | 109,928,000 | 6,963,000 | 48,486,000 | 81,285,000 | 49,463,000 | 29,970,000 | 53,912,000 | 56,456,000 | 49,170,000 | 40,666,000 | ||||||||||||||||||||
principal payments received from real estate mortgages receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | 0 | 0 | 0 | -276,238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities | -429,801,000 | -2,137,000 | -257,556,000 | -8,642,000 | -316,457,000 | -2,263,000 | -402,257,000 | -267,172,000 | -7,557,000 | -252,345,000 | -43,772,000 | -2,524,000 | -465,017,000 | -2,839,000 | -282,808,000 | -172,518,000 | -123,785,000 | -95,924,000 | -147,300,000 | -15,713,000 | -241,123,000 | 23,726,000 | 89,101,000 | 194,778,000 | 150,344,000 | 55,773,000 | 81,259,000 | -46,039,000 | 86,929,000 | -1,909,000 | 42,030,000 | 14,372,000 | -69,943,000 | 77,323,000 | -1,531,000 | 63,789,000 | 52,980,000 | 99,080,000 | 95,025,000 | 99,828,000 | 8,331,000 | 28,398,000 | 454,840,000 | 83,163,000 | 16,281,000 | 70,822,000 | |||||||||||||||||||||||||||||||||||
loss on marketable securities | 0 | 0 | 4,987,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange loss | 0 | 5,000 | -96,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquisitions | -29,012,000 | -147,872,000 | -9,000 | -23,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees | 0 | 0 | 0 | -52,000 | 0 | 0 | 0 | -7,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | 0 | 0 | 0 | -8,000 | 79,000 | -9,054,000 | 32,000 | -559,000 | -1,028,000 | -855,000 | 100,000 | 657,000 | 221,000 | 183,000 | 428,000 | 155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | -10,139,000 | 9,712,000 | -8,253,000 | 13,547,000 | -24,053,000 | 9,966,000 | -3,333,000 | 4,391,000 | -6,361,000 | 1,126,000 | -4,922,000 | 10,287,000 | -11,134,000 | -9,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 57,000 | -354,000 | -20,000 | -144,000 | 181,000 | 30,000 | 10,000 | 416,000 | -192,000 | -73,000 | 701,000 | 546,000 | 51,000 | 396,000 | -204,000 | 37,000 | 204,000 | 405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments received from direct financing lease | 1,635,000 | 1,928,000 | 1,906,000 | 1,883,000 | 1,860,000 | 1,839,000 | 1,817,000 | 1,795,000 | 1,752,000 | 1,733,000 | 1,711,000 | 1,651,000 | 1,632,000 | 1,593,000 | 1,574,000 | 476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of securities | 0 | 0 | 0 | 27,068,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase and retirement of common shares | -2,979,000 | 0 | 0 | -209,000 | -44,424,000 | 0 | 0 | -25,563,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -200,000 | 397,000 | 1,311,000 | 5,432,000 | -2,004,000 | -3,657,000 | -458,000 | -295,000 | -3,358,000 | -5,283,000 | 2,366,000 | -2,148,000 | 4,993,000 | -4,721,000 | 5,362,000 | 1,183,000 | -2,134,000 | 3,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -863,000 | -836,000 | -934,000 | -3,487,000 | -3,487,000 | -925,000 | 1,145,000 | -3,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of investees | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investments | -171,754,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by an equity investee | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from investees | 0 | 0 | 10,560,000 | 10,120,000 | 9,680,000 | 0 | 4,111,000 | 2,679,000 | 2,913,000 | 2,740,000 | 2,864,000 | 2,675,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash expenses | 2,591,000 | -12,858,000 | 7,906,000 | 10,496,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related persons | 0 | -9,324,000 | 1,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investments | 704,716,000 | 0 | 0 | 0 | 308,333,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 24,791,000 | -974,000 | -13,000 | 466,000 | -1,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange gain | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on sale of properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from investees | 0 | 0 | 168,000 | 1,500,000 | 1,266,000 | 1,439,000 | 1,315,000 | 1,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of a subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | 0 | -182,000 | 626,991,000 | -140,000 | 180,954,000 | 191,683,000 | 0 | 239,095,000 | 124,923,000 | 4,490,000 | 10,663,000 | 12,998,000 | 0 | 124,957,000 | 0 | 259,017,000 | 0 | 0 | 0 | 323,639,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of outstanding debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 100,000,000 | 15,000,000 | 921,000,000 | 106,000,000 | 338,500,000 | 265,000,000 | 190,000,000 | 295,000,000 | 957,632,000 | 135,000,000 | 56,000,000 | 105,000,000 | 404,000,000 | 96,000,000 | 118,000,000 | 52,000,000 | 188,000,000 | 155,000,000 | 360,865,000 | 584,475,000 | 120,000,000 | 68,000,000 | 80,000,000 | 113,000,000 | 851,000,000 | 436,247,000 | 242,000,000 | 200,000,000 | 180,000,000 | 113,000,000 | 1,075,436,000 | 27,000,000 | 445,000,000 | 669,450,000 | 135,000,000 | 121,000,000 | 298,004,000 | ||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest in consolidated subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (reversal of loss) on asset impairment | 1,904,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investment | 0 | 0 | 239,576,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in affiliates insurance company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(reversal of) loss on asset impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rents receivable and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued expenses | 2,880,000 | -3,466,000 | 5,961,000 | 204,000 | 4,967,000 | 4,280,000 | 1,585,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rent collected in advance | 4,065,000 | 2,373,000 | 229,000 | 1,948,000 | -3,476,000 | 3,577,000 | 1,147,000 | -4,179,000 | 5,063,000 | 728,000 | 4,655,000 | -2,612,000 | -196,000 | 3,340,000 | -619,000 | -323,000 | -2,580,000 | 5,256,000 | -2,202,000 | 2,012,000 | 2,163,000 | 677,000 | -1,417,000 | 3,372,000 | -3,370,000 | 3,488,000 | 836,000 | -1,885,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in security deposits | 468,000 | 245,000 | 1,300,000 | 553,000 | 219,000 | 29,000 | 5,063,000 | 320,000 | 661,000 | 32,000 | -45,000 | 847,000 | 73,000 | 504,000 | 898,000 | 143,000 | 818,000 | 828,000 | 113,000 | 410,000 | 1,786,000 | 122,000 | 82,000 | 221,000 | 708,000 | -228,000 | 375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in due to related persons | 997,000 | 2,372,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in direct financing lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments received from real estate mortgage receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred shares | -413,000 | 368,270,000 | 0 | 0 | 145,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 32,256,000 | 66,971,000 | 58,306,000 | 51,554,000 | 53,168,000 | 33,655,000 | 50,973,000 | 48,200,000 | 48,595,000 | 21,274,000 | 50,797,000 | 15,462,000 | 31,283,000 | 16,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid | 502,000 | 34,000 | 160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate mortgages receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common shares | 9,000 | 14,373,000 | 180,000 | 14,000 | 773,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage notes payable | 8,915,000 | 7,532,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage note payable | 147,872,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquisitions and improvements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investment in marketable pass through certificates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of noncontrolling equity interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in due to affiliates | 129,000 | 2,493,000 | 16,506,000 | -1,192,000 | 1,979,000 | 11,012,000 | 4,348,000 | 3,284,000 | 9,634,000 | 1,490,000 | 930,000 | -6,935,000 | -14,402,000 | -6,297,000 | 4,925,000 | -62,000 | 4,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discounts, premiums and deferred financing fees | 1,839,000 | 1,874,000 | 1,931,000 | 1,574,000 | 1,886,000 | 1,642,000 | 1,432,000 | 1,420,000 | 1,085,000 | 1,170,000 | 1,085,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by equity investee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from equity investments | 1,964,000 | 716,000 | 3,980,000 | 0 | 0 | 0 | 3,136,000 | 4,412,000 | 3,494,000 | 3,052,000 | 3,394,000 | 4,322,000 | 3,604,000 | 3,731,000 | 3,800,000 | 9,556,000 | 3,886,000 | 3,653,000 | 4,288,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marketable pass through certificates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from equity investments | 2,115,000 | 0 | 0 | 0 | 2,251,000 | 1,280,000 | 2,157,000 | 2,600,000 | 2,257,000 | 1,649,000 | 2,271,000 | 2,144,000 | 3,051,000 | -2,705,000 | 2,965,000 | 3,198,000 | 2,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 1,172,000 | -1,220,000 | 3,064,000 | -614,000 | -962,000 | 6,484,000 | -2,336,000 | 7,400,000 | 5,032,000 | 2,419,000 | -1,522,000 | 2,077,000 | -1,988,000 | -2,984,000 | 5,783,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in security deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property | 19,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes related to properties sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on issuance of shares by equity investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from (used for) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in due to affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of note discounts and premiums and deferred financing fees | 1,097,000 | 1,104,000 | 1,105,000 | 1,105,000 | 1,138,000 | 763,000 | 392,000 | 668,000 | 665,000 | 755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from (used for) investing activities | 89,059,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of shares of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common shares of equity investment | 18,862,000 | 0 | 0 | 54,413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate | 0 | -11,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on issuance of shares by equity investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of note discounts and deferred financing fees | 1,511,000 | 1,435,000 | 1,509,000 | 1,480,000 | 1,513,000 | 1,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on equity transactions of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of in place leases | 1,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of impairment of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity transactions of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of real estate mortgages receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of five star quality care, inc. common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fas 141 lease value amortization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity transaction of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 29,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of debt | 1,751,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in rent collected in advance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extraordinary item | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred rents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquired by foreclosure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate mortgages receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of five star quality care, inc. common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of five star quality care, inc. common shares |