Sabra Health Care REIT, Inc(NASDAQ:SBRA)
As of September 30, 2020, Sabra's investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing communities (?Senior Housing - Leased?), (iii) 47 Senior Housing communities operated by third-pa...
Website: http://www.sabrahealth.com
Founded: 2010
Full Time Employees: 34
Sector: Real Estate
Industry: REIT-Healthcare Facilities
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2011-12-31 | 2010-11-15 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental and related revenues | 85,354,000 | 99,823,000 | 96,037,000 | 96,068,000 | 94,555,000 | 99,096,000 | 91,776,000 | 93,037,000 | 93,085,000 | 94,274,000 | 95,870,000 | 103,318,000 | 84,214,000 | 103,168,000 | 109,886,000 | 87,183,000 | 85,367,000 | 110,783,000 | 113,383,000 | 110,733,000 | 100,612,000 | 112,727,000 | 106,512,000 | 112,847,000 | 110,104,000 | 112,800,000 | 116,387,000 | |||||||||||||||||||||||||||
resident fees and services | 92,017,000 | 78,985,000 | 77,447,000 | 76,865,000 | 73,746,000 | 67,939,000 | 66,031,000 | 61,256,000 | 59,748,000 | 58,428,000 | 56,721,000 | 52,699,000 | 47,610,000 | 44,136,000 | 42,227,000 | 40,534,000 | 39,819,000 | 39,118,000 | 36,041,000 | 38,137,000 | 39,341,000 | 38,584,000 | 39,983,000 | 38,521,000 | 36,405,000 | 36,071,000 | 17,061,000 | 17,711,000 | 17,403,000 | 17,530,000 | 17,493,000 | 8,590,000 | 7,554,000 | 6,805,000 | 3,481,000 | 1,977,000 | 1,937,000 | 1,959,000 | 1,915,000 | |||||||||||||||
interest and other income | 12,666,000 | 10,342,000 | 10,059,000 | 9,413,000 | 9,700,000 | 9,106,000 | 8,940,000 | 9,104,000 | 8,794,000 | 8,464,000 | 8,733,000 | 8,968,000 | 8,940,000 | 8,653,000 | 10,992,000 | 7,940,000 | 3,405,000 | 3,031,000 | 2,941,000 | 3,184,000 | 3,299,000 | 2,606,000 | 2,851,000 | 4,395,000 | 3,325,000 | 70,495,000 | 3,325,000 | 3,844,000 | 3,932,000 | 4,553,000 | 4,338,000 | 6,964,000 | 4,090,000 | 2,027,000 | 1,945,000 | 1,981,000 | 3,157,000 | 16,993,000 | 5,332,000 | 5,987,000 | 6,761,000 | 6,690,000 | 6,067,000 | 5,971,000 | 5,819,000 | 5,488,000 | 4,757,000 | 3,261,000 | 1,227,000 | 757,000 | 547,000 | |||
total revenues | 190,037,000 | 189,150,000 | 183,543,000 | 182,346,000 | 178,001,000 | 176,141,000 | 166,747,000 | 163,397,000 | 161,627,000 | 161,166,000 | 161,324,000 | 164,985,000 | 140,764,000 | 155,957,000 | 163,105,000 | 135,657,000 | 128,591,000 | 152,932,000 | 152,365,000 | 152,054,000 | 143,252,000 | 153,917,000 | 149,346,000 | 155,763,000 | 149,834,000 | 219,366,000 | 136,773,000 | 139,209,000 | 151,802,000 | 166,312,000 | 166,086,000 | 166,472,000 | 111,789,000 | 64,736,000 | 62,650,000 | 61,791,000 | 61,927,000 | 74,249,000 | 62,559,000 | 66,772,000 | 59,934,000 | 56,586,000 | 55,572,000 | 55,711,000 | 43,984,000 | 42,973,000 | 40,850,000 | 37,557,000 | 32,926,000 | 32,275,000 | 32,022,000 | |||
yoy | 6.76% | 7.39% | 10.07% | 11.60% | 10.13% | 9.29% | 3.36% | -0.96% | 14.82% | 3.34% | -1.09% | 21.62% | 9.47% | 1.98% | 7.05% | -10.78% | -10.23% | -0.64% | 2.02% | -2.38% | -4.39% | -29.84% | 9.19% | 11.89% | -1.30% | 31.90% | -17.65% | -16.38% | 35.79% | 156.91% | 165.10% | 169.41% | 80.52% | -12.81% | 0.15% | -7.46% | 3.33% | 31.21% | 12.57% | 19.85% | 36.26% | 31.68% | 36.04% | 48.34% | 33.58% | 33.15% | 27.57% | |||||||
qoq | 0.47% | 3.05% | 0.66% | 2.44% | 1.06% | 5.63% | 2.05% | 1.10% | 0.29% | -0.10% | -2.22% | 17.21% | -9.74% | -4.38% | 20.23% | 5.49% | -15.92% | 0.37% | 0.20% | 6.14% | -6.93% | 3.06% | -4.12% | 3.96% | -31.70% | 60.39% | -1.75% | -8.30% | -8.72% | 0.14% | -0.23% | 48.92% | 72.68% | 3.33% | 1.39% | -0.22% | -16.60% | 18.69% | -6.31% | 11.41% | 5.92% | 1.82% | -0.25% | 26.66% | 2.35% | 5.20% | 8.77% | 14.06% | 2.02% | 0.79% | ||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 48,511,000 | 43,586,000 | 43,494,000 | 42,308,000 | 42,720,000 | 41,681,000 | 42,914,000 | 42,876,000 | 43,242,000 | 44,142,000 | 52,827,000 | 49,927,000 | 47,427,000 | 45,172,000 | 45,256,000 | 45,079,000 | 45,046,000 | 44,491,000 | 44,375,000 | 44,158,000 | 44,209,000 | 44,202,000 | 44,168,000 | 44,032,000 | 43,092,000 | 49,476,000 | 44,949,000 | 48,078,000 | 48,468,000 | 46,828,000 | 48,005,000 | 51,592,000 | 25,933,000 | 17,220,000 | 19,137,000 | 17,199,000 | 17,102,000 | 16,405,000 | 17,766,000 | 18,126,000 | 16,306,000 | 14,497,000 | 14,150,000 | 14,465,000 | 9,762,000 | 9,755,000 | 9,350,000 | 8,555,000 | 8,258,000 | 8,222,000 | 8,246,000 | |||
interest | 28,901,000 | 27,548,000 | 27,100,000 | 28,083,000 | 29,467,000 | 29,314,000 | 28,408,000 | 27,940,000 | 28,156,000 | 28,328,000 | 28,540,000 | 27,898,000 | 27,071,000 | 25,530,000 | 24,972,000 | 25,676,000 | 24,243,000 | 24,270,000 | 24,443,000 | 24,524,000 | 24,904,000 | 25,292,000 | 25,704,000 | 27,429,000 | 29,255,000 | 33,608,000 | 36,318,000 | 37,226,000 | 37,305,000 | 36,757,000 | 35,818,000 | 32,222,000 | 24,568,000 | 15,862,000 | 15,788,000 | 15,734,000 | 15,794,000 | 16,427,000 | 16,918,000 | 16,110,000 | 15,176,000 | 14,052,000 | 13,880,000 | 14,290,000 | 10,540,000 | 10,994,000 | 11,134,000 | 10,576,000 | 9,739,000 | 10,143,000 | 10,002,000 | |||
triple-net portfolio operating expenses | 3,708,000 | 3,698,000 | 3,479,000 | 4,080,000 | 4,270,000 | 4,398,000 | 4,324,000 | 4,689,000 | 4,304,000 | 4,771,000 | 4,168,000 | 4,640,000 | 5,120,000 | 4,852,000 | 5,011,000 | 5,011,000 | 5,075,000 | 5,000,000 | 5,135,000 | 5,109,000 | 5,249,000 | 5,331,000 | 4,901,000 | 5,075,000 | 5,611,000 | 6,240,000 | 5,289,000 | |||||||||||||||||||||||||||
senior housing - managed portfolio operating expenses | 65,946,000 | 57,404,000 | 56,454,000 | 55,758,000 | 54,234,000 | 50,355,000 | 49,669,000 | 45,189,000 | 44,523,000 | 43,964,000 | 43,637,000 | 39,155,000 | 36,705,000 | 34,026,000 | 33,104,000 | 32,373,000 | 30,761,000 | 28,901,000 | 28,945,000 | 27,987,000 | 27,745,000 | 27,970,000 | 27,261,000 | 25,999,000 | 23,979,000 | 24,239,000 | 12,040,000 | |||||||||||||||||||||||||||
general and administrative | 12,560,000 | 12,514,000 | 12,728,000 | 13,032,000 | 12,404,000 | 12,741,000 | 11,890,000 | 16,679,000 | 10,759,000 | 9,532,000 | 10,502,000 | 10,853,000 | 9,676,000 | 8,649,000 | 10,396,000 | 8,237,000 | 8,683,000 | 8,811,000 | 8,938,000 | 8,105,000 | 7,216,000 | 8,673,000 | 8,761,000 | 5,510,000 | 8,709,000 | 8,059,000 | 8,178,000 | 11,298,000 | 8,022,000 | 9,271,000 | 7,867,000 | 8,242,000 | 12,944,000 | 11,149,000 | 6,873,000 | 4,397,000 | 6,171,000 | 4,636,000 | 4,714,000 | 3,153,000 | 3,991,000 | 9,862,000 | 8,003,000 | 9,334,000 | 6,226,000 | 7,926,000 | 5,853,000 | 5,227,000 | 3,057,000 | 3,422,000 | 4,717,000 | |||
recovery of loan losses | -240,000 | -227,000 | -173,000 | -137,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate | 2,571,000 | 4,103,000 | 15,335,000 | 3,137,000 | 7,268,000 | 7,064,000 | 21,440,000 | 60,857,000 | 11,745,000 | 9,004,000 | 495,000 | 849,000 | 3,154,000 | 2,717,000 | 13,966,000 | 2,002,000 | 103,134,000 | 881,000 | 532,000 | 29,811,000 | ||||||||||||||||||||||||||||||||||
total expenses | 161,957,000 | 148,626,000 | 143,082,000 | 143,136,000 | 142,947,000 | 153,663,000 | 140,205,000 | 144,283,000 | 131,312,000 | 131,166,000 | 146,530,000 | 154,066,000 | 186,639,000 | 129,704,000 | 119,214,000 | 127,425,000 | 114,277,000 | 111,364,000 | 113,861,000 | 111,881,000 | 112,387,000 | 111,597,000 | 111,462,000 | 110,967,000 | 124,669,000 | 123,817,000 | 211,121,000 | 138,783,000 | 115,467,000 | 105,474,000 | 105,889,000 | 109,477,000 | 96,995,000 | 49,173,000 | 45,988,000 | 41,034,000 | 41,011,000 | 39,131,000 | 73,144,000 | 46,202,000 | 37,962,000 | 41,383,000 | 36,033,000 | 38,089,000 | 26,528,000 | 28,675,000 | 26,337,000 | 24,358,000 | 21,054,000 | 21,787,000 | 22,965,000 | |||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -1,154,000 | -1,541,000 | -140,000 | -271,000 | -32,862,000 | -913,000 | -54,000 | -793,000 | -139,000 | -392,000 | -5,577,000 | -644,000 | -10,119,000 | -553,000 | -556,000 | -158,000 | -162,000 | -22,134,000 | -351,000 | -9,750,000 | ||||||||||||||||||||||||||||||||||
other income | -769,000 | 14,709,000 | 38,000 | 1,897,000 | 78,000 | 760,000 | 28,000 | 2,229,000 | 341,000 | 4,000 | 994,000 | -2,163,000 | 68,000 | -13,000 | 277,000 | -24,000 | 133,000 | -154,000 | 115,000 | -66,000 | 2,259,000 | 1,709,000 | 215,000 | -1,000 | 171,000 | 324,000 | 1,336,000 | 2,820,000 | 49,000 | 51,000 | 941,000 | 2,129,000 | 5,332,000 | 2,945,000 | 2,400,000 | 2,560,000 | -100,000 | -100,000 | -100,000 | 700,000 | -100,000 | 660,000 | 300,000 | -200,000 | 300,000 | -1,400,000 | 500,000 | |||||||
net gain on sales of real estate | -4,430,000 | 9,974,000 | 1,776,000 | -7,430,000 | -80,000 | 14,085,000 | 655,000 | -3,752,000 | 1,313,000 | 33,000 | 2,715,000 | 330,000 | 1,084,000 | -19,000 | 2,755,000 | -14,247,000 | 14,000 | 142,903,000 | ||||||||||||||||||||||||||||||||||||
total other income | -6,353,000 | 24,683,000 | 1,854,000 | 760,000 | -18,716,000 | -44,316,000 | -7,426,000 | 774,000 | -203,000 | -18,790,000 | 19,000 | -3,830,000 | 653,000 | -121,000 | 2,691,000 | -128,000 | 2,042,000 | -2,784,000 | -448,000 | -7,365,000 | -1,349,000 | -16,840,000 | 1,350,000 | 142,903,000 | 2,348,000 | 47,464,000 | 80,000 | 4,973,000 | 2,129,000 | 2,413,000 | 4,396,000 | 2,348,000 | -5,158,000 | 4,514,000 | -3,938,000 | 1,623,000 | 4,614,000 | -258,000 | 498,000 | -21,834,000 | -200,000 | -51,000 | -11,150,000 | |||||||||||
income before income from unconsolidated joint ventures and income tax benefit | 21,727,000 | 20,235,750 | 29,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | 1,226,000 | 832,000 | 218,000 | -75,250 | 214,000 | 80,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -436,000 | -156,250 | 265,000 | -328,500 | -92,000 | -334,250 | 138,000 | -461,750 | -732,000 | -40,250 | 195,000 | |||||||||||||||||||||||||||||||||||||||||||
net income | 22,517,000 | 65,542,000 | 40,304,000 | 46,695,000 | 29,788,000 | 23,975,000 | 26,254,000 | 17,156,000 | -15,101,000 | 21,188,000 | -9,487,000 | -84,948,000 | -50,064,000 | 16,805,000 | 40,602,000 | -24,353,000 | 10,223,000 | -132,573,000 | 33,447,000 | 37,117,000 | 36,460,000 | 29,623,000 | 35,217,000 | 39,741,000 | 23,286,000 | 83,683,000 | -77,692,000 | -19,383,000 | 35,228,000 | 200,789,000 | 62,481,000 | 103,969,000 | 15,069,000 | 20,536,000 | 18,791,000 | 23,170,000 | 25,312,000 | 37,466,000 | -15,743,000 | 25,084,000 | 18,034,000 | 16,826,000 | 19,439,000 | 22,236,000 | 17,198,000 | 14,796,000 | -7,321,000 | 12,999,000 | 11,821,000 | -662,000 | 9,557,000 | |||
yoy | -24.41% | 173.38% | 53.52% | 172.18% | -297.26% | 13.15% | -376.74% | -120.20% | -69.84% | 26.08% | -123.37% | 248.82% | -589.72% | -112.68% | 21.39% | -165.61% | -71.96% | -547.53% | -5.03% | -6.60% | 56.57% | -64.60% | -145.33% | -305.03% | -33.90% | -58.32% | -224.35% | -118.64% | 133.78% | 877.74% | 232.50% | 348.72% | -40.47% | -45.19% | -219.36% | -7.63% | 40.36% | 122.67% | -180.99% | 12.81% | 4.86% | 13.72% | -365.52% | 71.06% | 45.49% | -2335.05% | -176.60% | |||||||
qoq | -65.64% | 62.62% | -13.69% | 56.76% | 24.25% | -8.68% | 53.03% | -213.61% | -171.27% | -323.34% | -88.83% | 69.68% | -397.91% | -58.61% | -266.72% | -338.22% | -107.71% | -496.37% | -9.89% | 1.80% | 23.08% | -15.88% | -11.38% | 70.66% | -72.17% | -207.71% | 300.83% | -155.02% | -82.46% | 221.36% | -39.90% | 589.95% | -26.62% | 9.29% | -18.90% | -8.46% | -32.44% | -337.99% | -162.76% | 39.09% | 7.18% | -13.44% | -12.58% | 29.29% | 16.23% | -302.10% | -156.32% | 9.97% | -1885.65% | -106.93% | ||||
net income margin % | 11.85% | 34.65% | 21.96% | 25.61% | 16.73% | 13.61% | 15.74% | 10.50% | -9.34% | 13.15% | -5.88% | -51.49% | -35.57% | 10.78% | 24.89% | -17.95% | 7.95% | -86.69% | 21.95% | 24.41% | 25.45% | 19.25% | 23.58% | 25.51% | 15.54% | 38.15% | -56.80% | -13.92% | 23.21% | 120.73% | 37.62% | 62.45% | 13.48% | 31.72% | 29.99% | 37.50% | 40.87% | 50.46% | -25.17% | 37.57% | 30.09% | 29.74% | 34.98% | 39.91% | 39.10% | 34.43% | -17.92% | 34.61% | 35.90% | -2.05% | 29.85% | |||
net loss attributable to noncontrolling interests | 21,000 | 11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to sabra health care reit, inc. | 22,538,000 | 39,741,000 | 23,282,000 | 83,677,000 | -77,704,000 | -19,394,000 | 35,218,000 | 200,787,000 | 62,471,000 | 103,945,000 | 15,095,000 | 20,520,000 | 18,823,000 | 23,175,000 | 25,337,000 | 37,475,000 | -15,711,000 | 25,067,000 | 18,061,000 | 16,835,000 | 19,450,000 | 22,250,000 | 17,204,000 | 14,801,000 | -7,303,000 | |||||||||||||||||||||||||||||
net income attributable to sabra health care reit, inc., per: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic common share | 90 | 280 | 170 | 200 | 130 | 100 | 110 | 70 | -70 | 90 | -40 | -370 | -220 | 70 | 180 | -110 | 50 | -610 | 160 | 180 | 180 | 140 | 170 | 210 | 120 | 460 | -440 | -110 | 200 | 1,090 | 340 | 820 | 110 | 270 | 250 | 320 | 350 | 530 | -280 | 350 | 240 | 240 | 290 | 400 | 310 | 280 | -250 | 280 | 250 | -90 | 250 | |||
diluted common share | 90 | 270 | 170 | 200 | 130 | 100 | 110 | 70 | -70 | 90 | -40 | -370 | -220 | 70 | 180 | -110 | 50 | -610 | 160 | 180 | 180 | 140 | 170 | 210 | 120 | 460 | -440 | -110 | 200 | 1,080 | 340 | 830 | 110 | 270 | 250 | 320 | 350 | 530 | -280 | 350 | 240 | 240 | 280 | 390 | 310 | 280 | -250 | 270 | 240 | -90 | 250 | |||
weighted-average number of common shares outstanding, basic | 239,896,059,000 | 237,976,314,000 | 237,891,035,000 | 233,498,736,000 | 234,290,187,000 | 231,620,291,000 | 231,453,564,000 | 231,203,391,000 | 231,224,692,000 | 231,204,531,000 | 231,164,876,000 | 230,947,895,000 | 230,982,227,000 | 230,967,163,000 | 230,859,993,000 | 219,073,027,000 | 220,865,518,000 | 216,264,207,000 | 211,450,699,000 | 206,223,503,000 | 205,791,699,000 | 205,593,653,000 | 205,395,330,000 | 187,172,210,000 | 190,650,400,000 | 181,567,464,000 | 178,385,984,000 | 178,305,738,000 | 178,317,769,000 | 178,314,750,000 | 178,294,605,000 | 105,621,242,000 | 112,149,638,000 | 65,438,739,000 | 65,354,649,000 | 65,284,251,000 | 65,312,288,000 | 65,303,057,000 | 65,248,203,000 | 62,235,014,000 | 65,160,290,000 | 59,323,799,000 | 59,185,225,000 | 46,351,544,000 | 47,359,949,000 | 43,655,292,000 | 38,968,403,000 | 37,514,637,000 | 37,358,334,000 | 37,357,112,000 | 37,286,121,000 | |||
weighted-average number of common shares outstanding, diluted | 243,558,449,000 | 240,929,866,000 | 240,295,817,000 | 236,045,862,000 | 237,043,400,000 | 233,750,823,000 | 233,365,031,000 | 232,792,778,000 | 231,224,692,000 | 232,244,588,000 | 231,164,876,000 | 230,947,895,000 | 230,982,227,000 | 231,681,536,000 | 231,564,970,000 | 219,073,027,000 | 222,063,910,000 | 216,264,207,000 | 212,624,305,000 | 207,252,830,000 | 206,727,167,000 | 206,219,162,000 | 206,006,285,000 | 188,127,092,000 | 191,952,389,000 | 182,254,100,000 | 178,385,984,000 | 178,721,744,000 | 178,941,213,000 | 178,684,024,000 | 178,516,388,000 | 105,842,434,000 | 112,418,100,000 | 65,670,853,000 | 65,920,486,000 | 65,520,672,000 | 65,591,428,000 | 65,503,383,000 | 65,248,203,000 | 62,460,239,000 | 65,398,175,000 | 59,543,781,000 | 59,559,253,000 | 46,889,531,000 | 47,877,202,000 | 44,096,297,000 | 38,968,403,000 | 38,071,926,000 | 37,828,573,000 | 37,357,112,000 | 37,739,964,000 | |||
income before income from unconsolidated joint ventures and income tax expense | 65,207,000 | 40,499,000 | 24,332,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -497,000 | -413,000 | -437,000 | -453,000 | -493,000 | -455,000 | -326,000 | -728,000 | -124,000 | -579,000 | -255,000 | -284,000 | -522,000 | -700,000 | -433,000 | -1,042,000 | -1,110,000 | -826,000 | -854,000 | -612,000 | -605,000 | -510,000 | ||||||||||||||||||||||||||||||||
net income, per: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery of) provision for loan losses | -125,000 | -148,000 | -161,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on sales of real estate | -992,250 | -5,745,000 | -18,973,250 | -46,545,000 | -7,833,000 | -21,515,000 | -4,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -782,750 | -5,745,000 | -7,833,000 | -22,715,000 | -6,664,000 | -100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income before loss from unconsolidated joint ventures and income tax expense | 27,302,000 | 18,410,000 | -14,001,000 | 22,167,000 | -7,921,000 | 3,493,000 | -45,101,000 | 19,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint ventures | -595,000 | -761,000 | -645,000 | -653,000 | -838,000 | -88,317,000 | -4,384,000 | -2,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||
provision for (recovery of) loan losses and other reserves | 137,250 | 328,000 | 429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery of) provision for loan losses and other reserves | -208,000 | -3,000 | -217,000 | -270,000 | 472,500 | -26,000 | -109,000 | 176,500 | -90,000 | |||||||||||||||||||||||||||||||||||||||||||||
provision for loan losses and other reserves | 475,000 | 2,025,000 | 129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income before loss from unconsolidated joint venture and income tax expense | 43,688,000 | 37,738,000 | 39,157,000 | 42,192,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint venture | -2,802,000 | -169,789,000 | -5,010,000 | -12,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before income from unconsolidated joint venture and income tax benefit | 22,807,000 | 14,333,000 | 28,918,500 | 33,556,000 | 75,992,750 | 37,685,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint venture | -44,704,250 | -4,018,000 | -3,259,250 | 2,766,000 | -3,667,000 | -1,161,000 | -605,000 | -3,647,000 | -1,383,000 | -1,805,000 | -1,725,000 | -2,347,000 | 446,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 37,117,000 | 36,460,000 | 29,623,000 | 35,217,000 | 39,741,000 | 23,282,000 | 83,677,000 | -77,704,000 | -19,394,000 | 35,218,000 | 193,580,000 | 59,910,000 | 101,385,000 | 12,534,000 | 17,960,000 | 16,262,000 | 20,615,000 | 22,776,000 | 34,915,000 | -18,272,000 | 22,507,000 | 15,500,000 | 14,275,000 | 16,889,000 | 19,690,000 | 14,643,000 | 12,241,000 | -9,864,000 | 10,439,000 | 9,242,000 | -3,185,000 | 9,253,000 | ||||||||||||||||||||||
net income attributable to common stockholders, per: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses and other reserves | 667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sales of real estate | -217,000 | -1,520,000 | -472,000 | -528,750 | -3,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income before income from unconsolidated joint venture and income tax expense | 39,926,000 | 42,012,000 | 24,717,000 | 88,184,000 | -75,697,000 | 203,741,000 | 62,545,000 | |||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts, straight-line rental income and loan losses | -219,000 | 57,000 | 1,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -5,500 | -4,000 | -6,000 | -12,000 | -24,000 | 26,000 | 32,000 | 5,000 | 25,000 | 9,000 | 32,000 | -17,000 | 27,000 | 9,000 | 14,000 | 6,000 | 5,000 | 18,000 | ||||||||||||||||||||||||||||||||||||
preferred stock dividends | -7,207,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,561,000 | -2,560,000 | -2,579,000 | -2,523,000 | -304,000 | ||||||||||||||||||||||||||||||||
benefit from (recovery of) doubtful accounts, straight-line rental income and loan losses | 193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
merger and acquisition costs | 6,000 | 43,000 | 151,000 | 112,000 | 330,000 | 505,000 | 23,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||
rental income | 117,654,000 | 130,467,000 | 144,229,000 | 144,255,000 | 150,918,000 | 100,145,000 | 55,904,000 | 57,224,000 | 57,833,000 | 56,833,000 | 55,297,000 | 55,312,000 | 57,277,000 | 53,173,000 | 49,896,000 | 49,505,000 | 49,740,000 | 38,165,000 | 37,485,000 | 36,093,000 | 34,296,000 | 31,699,000 | 31,518,000 | 31,475,000 | ||||||||||||||||||||||||||||||
operating expenses | 12,512,000 | 12,611,000 | 12,299,000 | 12,124,000 | 5,931,000 | 5,102,000 | 4,407,000 | 2,420,000 | 1,447,000 | 1,404,000 | 1,440,000 | 1,412,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts and loan losses | 2,362,250 | 8,910,000 | 1,213,000 | 9,659,000 | 5,149,000 | 535,000 | 1,770,000 | 2,257,000 | 540,000 | 223,000 | 2,523,000 | |||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interests | -11,000 | -10,000 | -2,000 | -10,000 | -16,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
(recovery of) benefit from doubtful accounts and loan losses | -674,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 450 | 450 | 302.5 | 360 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale of real estate | 1,153,500 | 582,000 | 4,032,000 | -800,750 | 1,451,000 | -52,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax expense | 104,459,000 | 14,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sale of real estate | -4,602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts and write-offs | 1,651,250 | 2,489,000 | 2,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 1,723,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,214,938 and 1,102,030 as of september 30, 2025 and december 31, 2024, respectively | 4,629,842,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable and other investments | 436,526,000 | 440,970,000 | 444,151,000 | 442,584,000 | 441,825,000 | 439,015,000 | 422,472,000 | 420,624,000 | 417,947,000 | 417,019,000 | 409,079,000 | 411,396,000 | 390,275,000 | 395,342,000 | 397,074,000 | 399,086,000 | 105,896,000 | 105,228,000 | 101,225,000 | 102,839,000 | 103,820,000 | 84,401,000 | 88,370,000 | 107,374,000 | 108,242,000 | 111,203,000 | 109,214,000 | 113,722,000 | 110,351,000 | 107,228,000 | 100,888,000 | 114,390,000 | 149,766,000 | 94,208,000 | 96,489,000 | 96,036,000 | 94,466,000 | 120,300,000 | 297,508,000 | 300,177,000 | 287,448,000 | 278,507,000 | 258,346,000 | 251,583,000 | 250,674,000 | 225,787,000 | 199,603,000 | 185,293,000 | 46,123,000 | 43,069,000 | ||||||||||
investment in unconsolidated joint ventures | 117,856,000 | 126,405,000 | 120,838,000 | 121,803,000 | 130,811,000 | 129,773,000 | 132,022,000 | 136,843,000 | 135,755,000 | 140,402,000 | 139,402,000 | 134,962,000 | 207,616,000 | 219,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 200,602,000 | 95,175,000 | 22,653,000 | 60,468,000 | 63,004,000 | 36,398,000 | 59,927,000 | 41,285,000 | 33,256,000 | 27,234,000 | 33,532,000 | 49,308,000 | 26,289,000 | 67,153,000 | 24,836,000 | 111,996,000 | 546,338,000 | 69,347,000 | 24,878,000 | 59,076,000 | 35,034,000 | 28,250,000 | 54,051,000 | 39,097,000 | 29,431,000 | 47,595,000 | 22,873,000 | 50,230,000 | 36,348,000 | 38,809,000 | 46,352,000 | 518,632,000 | 30,873,000 | 13,235,000 | 12,814,000 | 25,663,000 | 19,674,000 | 103,868,000 | 9,133,000 | 7,434,000 | 31,473,000 | 6,042,000 | 4,171,000 | 61,793,000 | 25,479,000 | 15,085,000 | 4,286,000 | 4,308,000 | 96,641,000 | 92,770,000 | 53,565,000 | 17,101,000 | 30,477,000 | 3,110,000 | 2,675,000 | 42,250,000 | 56,417,000 | 3,454,000 | 80,210,000 | 74,233,000 |
restricted cash | 6,916,000 | 6,477,000 | 6,244,000 | 5,871,000 | 5,972,000 | 5,911,000 | 6,003,000 | 5,434,000 | 5,602,000 | 5,146,000 | 5,152,000 | 4,624,000 | 4,859,000 | 4,368,000 | 4,443,000 | 3,890,000 | 5,080,000 | 4,588,000 | 4,609,000 | 6,447,000 | 6,815,000 | 8,555,000 | 8,375,000 | 10,046,000 | 10,231,000 | 9,879,000 | 9,766,000 | 9,428,000 | 103,168,000 | 186,845,000 | 11,818,000 | 68,817,000 | 12,489,000 | 9,413,000 | 9,151,000 | 9,002,000 | 9,150,000 | 8,979,000 | 8,773,000 | 9,813,000 | 8,239,000 | 7,093,000 | 6,948,000 | 7,024,000 | 6,537,000 | 6,125,000 | 6,364,000 | 5,352,000 | 6,809,000 | 5,737,000 | 5,278,000 | 4,589,000 | 5,197,000 | 7,076,000 | 6,664,000 | 6,093,000 | 6,286,000 | 5,524,000 | 5,528,000 | 4,716,000 |
lease intangible assets | 59,808,000 | 24,654,000 | 24,817,000 | 27,464,000 | 28,790,000 | 27,722,000 | 28,301,000 | 30,897,000 | 32,749,000 | 35,990,000 | 39,369,000 | 40,131,000 | 48,299,000 | 49,836,000 | 52,877,000 | 54,063,000 | 76,430,000 | 79,654,000 | 81,451,000 | 82,796,000 | 85,943,000 | 93,502,000 | 96,758,000 | 101,509,000 | 104,977,000 | 108,877,000 | 119,667,000 | 131,097,000 | 142,919,000 | 156,266,000 | 161,423,000 | 167,119,000 | 262,817,000 | |||||||||||||||||||||||||||
accounts receivable, prepaid expenses and other assets | 113,223,000 | 155,025,000 | 126,384,000 | 131,755,000 | 121,456,000 | 146,138,000 | 148,395,000 | 133,806,000 | 152,239,000 | 146,641,000 | 132,736,000 | 147,908,000 | 148,674,000 | 179,684,000 | 155,764,000 | 138,108,000 | 137,181,000 | 179,915,000 | 188,481,000 | 160,646,000 | 159,933,000 | 155,061,000 | 169,829,000 | 150,443,000 | 145,801,000 | 138,544,000 | 149,790,000 | 167,161,000 | 197,622,000 | 196,364,000 | 200,380,000 | 168,887,000 | 159,577,000 | |||||||||||||||||||||||||||
total assets | 5,564,773,000 | 5,327,997,000 | 5,233,198,000 | 5,303,679,000 | 5,366,126,000 | 5,351,116,000 | 5,374,438,000 | 5,386,150,000 | 5,380,562,000 | 5,524,330,000 | 5,556,311,000 | 5,747,672,000 | 5,844,915,000 | 5,961,432,000 | 5,884,932,000 | 5,966,707,000 | 6,209,546,000 | 5,822,141,000 | 5,963,838,000 | 5,985,603,000 | 5,991,618,000 | 6,023,553,000 | 6,092,304,000 | 6,069,299,000 | 6,068,003,000 | 6,123,179,000 | 6,455,145,000 | 6,665,303,000 | 6,910,339,000 | 7,028,144,000 | 6,984,569,000 | 7,032,277,000 | 6,588,307,000 | 2,253,960,000 | 2,240,126,000 | 2,265,919,000 | 2,239,421,000 | 2,253,346,000 | 2,434,156,000 | 2,486,174,000 | 2,425,453,000 | 2,337,802,000 | 2,004,497,000 | 2,064,892,000 | 2,017,366,000 | 1,376,511,000 | 1,331,356,000 | 1,197,835,000 | 1,027,250,000 | 1,022,099,000 | 964,566,000 | 916,882,000 | 843,011,000 | 778,518,000 | 746,545,000 | 749,650,000 | 758,045,000 | 595,802,000 | 605,069,000 | 599,559,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt | 43,790,000 | 44,302,000 | 44,811,000 | 45,316,000 | 45,817,000 | 46,315,000 | 46,810,000 | 47,301,000 | 47,789,000 | 48,273,000 | 48,754,000 | 49,232,000 | 49,706,000 | 50,177,000 | 50,645,000 | 66,663,000 | 76,968,000 | 78,094,000 | 78,562,000 | 79,065,000 | 78,975,000 | 96,861,000 | 97,066,000 | 113,070,000 | 113,644,000 | 114,675,000 | 115,188,000 | 115,679,000 | 252,827,000 | 253,567,000 | 254,917,000 | 256,430,000 | 257,571,000 | |||||||||||||||||||||||||||
revolving credit facility | 282,213,000 | 163,023,000 | 82,684,000 | 106,554,000 | 152,558,000 | 130,367,000 | 146,127,000 | 94,429,000 | 32,623,000 | 100,517,000 | 79,563,000 | 196,982,000 | 138,551,000 | 142,341,000 | 16,792,000 | 56,000,000 | 73,000,000 | 101,000,000 | 200,000,000 | 275,000,000 | 620,000,000 | 624,000,000 | 619,000,000 | 676,000,000 | 611,000,000 | 641,000,000 | 251,000,000 | 32,000,000 | 17,000,000 | 26,000,000 | 198,000,000 | 255,000,000 | 204,000,000 | 122,000,000 | 26,000,000 | 68,000,000 | 614,000,000 | |||||||||||||||||||||||
term loans | 1,030,058,000 | 535,937,000 | 530,194,000 | 529,753,000 | 535,984,000 | 534,281,000 | 534,993,000 | 537,120,000 | 534,011,000 | 536,391,000 | 533,657,000 | 526,129,000 | 524,457,000 | 553,695,000 | 556,307,000 | 594,246,000 | 593,625,000 | 939,692,000 | 954,552,000 | 1,044,916,000 | 1,039,685,000 | 1,037,187,000 | 1,033,110,000 | 1,040,258,000 | 1,182,983,000 | 1,189,774,000 | 1,187,384,000 | 1,184,930,000 | 1,189,647,000 | 1,187,398,000 | 1,188,623,000 | 1,190,774,000 | 1,190,887,000 | 339,248,000 | 336,592,000 | 335,673,000 | 337,641,000 | 338,860,000 | 338,629,000 | 264,890,000 | 267,113,000 | 272,846,000 | ||||||||||||||||||
senior unsecured notes | 1,235,129,000 | 1,736,398,000 | 1,736,213,000 | 1,736,025,000 | 1,735,848,000 | 1,735,653,000 | 1,735,455,000 | 1,735,253,000 | 1,735,055,000 | 1,734,855,000 | 1,734,644,000 | 1,734,431,000 | 1,734,228,000 | 1,734,008,000 | 1,733,786,000 | 1,733,566,000 | 2,031,494,000 | 1,248,525,000 | 1,248,464,000 | 1,248,393,000 | 1,248,324,000 | 1,248,245,000 | 1,248,170,000 | 1,248,773,000 | 1,106,484,000 | 1,106,518,000 | 1,307,658,000 | 1,307,394,000 | 1,307,120,000 | 1,306,842,000 | 1,306,566,000 | 1,306,286,000 | 1,305,996,000 | 689,508,000 | 688,879,000 | 688,246,000 | 687,607,000 | 686,968,000 | 686,336,000 | 699,376,000 | 699,349,000 | 699,323,000 | 699,298,000 | 699,272,000 | 550,000,000 | 550,000,000 | 550,000,000 | 414,402,000 | 414,538,000 | 414,672,000 | ||||||||||
accounts payable and accrued liabilities | 124,042,000 | 113,060,000 | 112,067,000 | 117,896,000 | 122,805,000 | 112,832,000 | 112,764,000 | 136,981,000 | 128,039,000 | 121,865,000 | 143,002,000 | 142,259,000 | 145,217,000 | 117,682,000 | 118,296,000 | 142,989,000 | 126,828,000 | 119,419,000 | 123,505,000 | 146,276,000 | 143,742,000 | 143,317,000 | 150,926,000 | 108,792,000 | 109,401,000 | 100,635,000 | 94,809,000 | 94,827,000 | 86,885,000 | 105,339,000 | 102,353,000 | 102,523,000 | 116,146,000 | 37,123,000 | 33,397,000 | 39,639,000 | 38,156,000 | 36,553,000 | 28,308,000 | 35,182,000 | 27,139,000 | 30,573,000 | 23,720,000 | 31,775,000 | 40,719,000 | 21,084,000 | 26,315,000 | 22,229,000 | 23,069,000 | 14,519,000 | 18,414,000 | 11,694,000 | 17,778,000 | 11,181,000 | 17,804,000 | 14,139,000 | 17,641,000 | 8,725,000 | 13,170,000 | 9,286,000 |
lease intangible liabilities | 22,588,000 | 23,792,000 | 24,997,000 | 26,847,000 | 28,270,000 | 29,693,000 | 31,115,000 | 32,532,000 | 34,192,000 | 38,685,000 | 40,464,000 | 42,244,000 | 44,023,000 | 45,803,000 | 47,583,000 | 49,713,000 | 51,531,000 | 53,348,000 | 55,351,000 | 57,725,000 | 60,552,000 | 63,692,000 | 66,819,000 | 69,946,000 | 73,074,000 | 76,201,000 | 79,328,000 | 83,726,000 | 87,602,000 | 91,073,000 | 94,544,000 | 98,015,000 | 94,878,000 | |||||||||||||||||||||||||||
total liabilities | 2,737,820,000 | 2,616,512,000 | 2,530,966,000 | 2,562,391,000 | 2,621,282,000 | 2,589,141,000 | 2,607,264,000 | 2,583,616,000 | 2,511,709,000 | 2,580,586,000 | 2,580,084,000 | 2,691,277,000 | 2,636,182,000 | 2,643,706,000 | 2,523,409,000 | 2,587,177,000 | 2,880,446,000 | 2,439,078,000 | 2,460,434,000 | 2,576,375,000 | 2,627,278,000 | 2,662,302,000 | 2,697,091,000 | 2,580,839,000 | 2,785,586,000 | 2,862,803,000 | 3,404,367,000 | 3,410,556,000 | 3,543,081,000 | 3,620,219,000 | 3,558,003,000 | 3,595,028,000 | 3,216,478,000 | 1,257,245,000 | 1,235,773,000 | 1,250,310,000 | 1,225,534,000 | 1,236,434,000 | 1,426,658,000 | 1,432,298,000 | 1,366,209,000 | 1,266,994,000 | 1,072,343,000 | 1,123,069,000 | 1,353,645,000 | 720,696,000 | 892,633,000 | 737,671,000 | 604,060,000 | 596,532,000 | 524,426,000 | 611,394,000 | 531,692,000 | 462,093,000 | 425,947,000 | 423,077,000 | 428,121,000 | 419,960,000 | 425,146,000 | 422,026,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 2,493,000 | 2,398,000 | 2,379,000 | 2,376,000 | 2,366,000 | 2,343,000 | 2,315,000 | 2,313,000 | 2,312,000 | 2,312,000 | 2,312,000 | 2,310,000 | 2,310,000 | 2,310,000 | 2,310,000 | 2,304,000 | 2,209,000 | 2,208,000 | 2,159,000 | 2,106,000 | 2,069,000 | |||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 4,792,753,000 | 4,625,050,000 | 4,591,907,000 | 4,592,605,000 | 4,574,707,000 | 4,536,645,000 | 4,495,663,000 | 4,494,755,000 | 4,491,917,000 | 4,489,107,000 | 4,487,707,000 | 4,486,967,000 | 4,484,769,000 | 4,482,239,000 | 4,481,634,000 | 4,482,451,000 | 4,344,273,000 | 4,341,533,000 | 4,254,134,000 | 4,163,228,000 | 4,101,269,000 | 4,078,737,000 | 4,075,781,000 | 4,072,079,000 | 3,823,584,000 | 3,725,971,000 | 3,508,987,000 | 3,507,925,000 | 3,505,877,000 | 3,502,954,000 | 3,638,109,000 | 3,636,913,000 | 3,588,510,000 | 1,210,895,000 | 1,208,907,000 | 1,208,862,000 | 1,207,487,000 | 1,205,419,000 | 1,203,390,000 | 1,202,541,000 | 1,201,859,000 | 1,201,155,000 | 1,051,813,000 | 1,053,601,000 | 771,844,000 | 760,258,000 | 537,288,000 | 534,639,000 | 494,802,000 | 493,479,000 | 492,011,000 | 353,861,000 | 351,106,000 | 349,272,000 | 346,827,000 | 344,995,000 | 343,748,000 | 180,300,000 | 178,417,000 | 177,275,000 |
cumulative distributions in excess of net income | -1,964,336,000 | -1,913,932,000 | -1,907,266,000 | -1,874,633,000 | -1,849,168,000 | -1,808,158,000 | -1,761,999,000 | -1,718,279,000 | -1,665,045,000 | -1,579,914,000 | -1,531,230,000 | -1,451,945,000 | -1,296,868,000 | -1,176,968,000 | -1,124,095,000 | -1,095,204,000 | -1,001,238,000 | -944,504,000 | -746,516,000 | -716,195,000 | -689,828,000 | -663,901,000 | -631,251,000 | -573,283,000 | -523,709,000 | -460,832,000 | -462,555,000 | -271,595,000 | -171,116,000 | -125,606,000 | -238,612,000 | -217,236,000 | -225,459,000 | -214,078,000 | -203,641,000 | -192,201,000 | -184,969,000 | -180,003,000 | -187,279,000 | -142,148,000 | -137,597,000 | -126,167,000 | -117,168,000 | -110,841,000 | -108,628,000 | -104,951,000 | -98,996,000 | -74,921,000 | -72,043,000 | -68,343,000 | -52,302,000 | -48,744,000 | -40,158,000 | -33,218,000 | -26,599,000 | -18,791,000 | -14,193,000 | -4,709,000 | ||
accumulated other comprehensive income | -5,976,000 | -2,031,000 | 15,212,000 | 20,940,000 | 16,939,000 | 31,145,000 | 31,195,000 | 23,745,000 | 39,669,000 | 32,239,000 | 17,438,000 | 19,063,000 | 18,522,000 | 10,145,000 | 1,674,000 | -12,388,000 | -19,395,000 | -10,936,000 | -1,747,000 | 12,301,000 | 26,357,000 | 24,412,000 | 20,813,000 | 11,289,000 | 4,236,000 | |||||||||||||||||||||||||||||||||||
total sabra health care reit, inc. stockholders’ equity | 2,824,934,000 | 3,488,460,000 | 3,282,417,000 | 3,256,098,000 | 3,046,469,000 | 3,250,414,000 | 3,362,901,000 | 3,403,543,000 | 3,422,151,000 | 3,432,807,000 | 3,369,103,000 | 996,696,000 | 1,004,350,000 | 1,013,847,000 | 1,016,847,000 | 1,007,424,000 | 1,059,334,000 | 1,070,871,000 | 932,208,000 | 663,750,000 | 655,838,000 | 438,741,000 | ||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 2,019,000 | 4,278,000 | 4,309,000 | 4,333,000 | 4,357,000 | 4,382,000 | 4,415,000 | 4,442,000 | 2,726,000 | 19,000 | 3,000 | 35,000 | 40,000 | 65,000 | 74,000 | 106,000 | -90,000 | -63,000 | -54,000 | -43,000 | -29,000 | -23,000 | -18,000 | |||||||||||||||||||||||||||||||||||||
total equity | 2,826,953,000 | 2,711,485,000 | 2,702,232,000 | 2,741,288,000 | 2,744,844,000 | 2,761,975,000 | 2,767,174,000 | 2,802,534,000 | 2,868,853,000 | 2,943,744,000 | 2,976,227,000 | 3,056,395,000 | 3,208,733,000 | 3,317,726,000 | 3,361,523,000 | 3,379,530,000 | 3,329,100,000 | 3,383,063,000 | 3,503,404,000 | 3,409,228,000 | 3,364,340,000 | 3,361,251,000 | 3,395,213,000 | 3,488,460,000 | 3,282,417,000 | 3,260,376,000 | 3,050,778,000 | 3,254,747,000 | 3,367,258,000 | 3,407,925,000 | 3,426,566,000 | 3,437,249,000 | 3,371,829,000 | 996,715,000 | 1,004,353,000 | 1,015,609,000 | 1,013,887,000 | 1,016,912,000 | 1,007,498,000 | 1,053,876,000 | 1,059,244,000 | 1,070,808,000 | 932,154,000 | 941,823,000 | 663,721,000 | 655,815,000 | 438,723,000 | |||||||||||||
total liabilities and equity | 5,564,773,000 | 5,327,997,000 | 5,233,198,000 | 5,303,679,000 | 5,366,126,000 | 5,351,116,000 | 5,374,438,000 | 5,386,150,000 | 5,380,562,000 | 5,524,330,000 | 5,556,311,000 | 5,747,672,000 | 5,844,915,000 | 5,961,432,000 | 5,884,932,000 | 5,966,707,000 | 6,209,546,000 | 5,822,141,000 | 5,963,838,000 | 5,985,603,000 | 5,991,618,000 | 6,023,553,000 | 6,092,304,000 | 6,069,299,000 | 6,068,003,000 | 6,123,179,000 | 6,455,145,000 | 6,665,303,000 | 6,910,339,000 | 7,028,144,000 | 6,984,569,000 | 7,032,277,000 | 6,588,307,000 | 2,253,960,000 | 2,240,126,000 | 2,265,919,000 | 2,239,421,000 | 2,253,346,000 | 2,434,156,000 | 2,486,174,000 | 2,425,453,000 | 2,337,802,000 | 2,004,497,000 | 2,064,892,000 | 2,017,366,000 | 1,376,511,000 | 1,331,356,000 | |||||||||||||
real estate investments, net of accumulated depreciation of 1,177,377 and 1,102,030 as of june 30, 2025 and december 31, 2024, respectively | 4,479,291,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,142,657 and 1,102,030 as of march 31, 2025 and december 31, 2024, respectively | 4,488,111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,102,030 and 1,021,086 as of december 31, 2024 and 2023, respectively | 4,513,734,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,125,470 and 1,021,086 as of september 30, 2024 and december 31, 2023, respectively | 4,574,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,092,581 and 1,021,086 as of june 30, 2024 and december 31, 2023, respectively | 4,566,159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,059,405 and 1,021,086 as of march 31, 2024 and december 31, 2023, respectively | 4,577,318,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,021,086 and 913,345 as of december 31, 2023 and 2022, respectively | 4,617,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 1,002,484 and 913,345 as of september 30, 2023 and december 31, 2022, respectively | 4,603,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 992,222 and 913,345 as of june 30, 2023 and december 31, 2022, respectively | 4,751,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 952,791 and 913,345 as of march 31, 2023 and december 31, 2022, respectively | 4,797,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 913,345 and 831,324 as of december 31, 2022 and 2021, respectively | 4,959,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 882,755 and 831,324 as of september 30, 2022 and december 31, 2021, respectively | 5,018,903,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 897,568 and 831,324 as of june 30, 2022 and december 31, 2021, respectively | 5,045,129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 873,795 and 831,324 as of march 31, 2022 and december 31, 2021, respectively | 5,156,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture | 93,878,000 | 96,680,000 | 109,944,000 | 113,962,000 | 283,751,000 | 288,761,000 | 293,801,000 | 295,269,000 | 311,753,000 | 319,460,000 | 324,324,000 | 328,207,000 | 335,701,000 | 340,120,000 | 344,341,000 | 348,950,000 | 354,907,000 | |||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 831,324 and 681,657 as of december 31, 2021 and 2020, respectively | 5,162,884,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -10,021,000 | -16,144,000 | -16,174,000 | -6,373,000 | -39,911,000 | -49,170,000 | -55,641,000 | -51,373,000 | -833,000 | -1,628,000 | -1,798,000 | -9,382,000 | -9,280,000 | -9,398,000 | -7,333,000 | -5,637,000 | -4,826,000 | -3,087,000 | -1,542,000 | |||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 805,260 and 681,657 as of september 30, 2021 and december 31, 2020, respectively | 5,228,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 763,830 and 681,657 as of june 30, 2021 and december 31, 2020, respectively | 5,269,447,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 723,919 and 681,657 as of march 31, 2021 and december 31, 2020, respectively | 5,279,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 681,657 and 539,213 as of december 31, 2020 and 2019, respectively | 5,285,038,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 640,214 and 539,213 as of september 30, 2020 and december 31, 2019, respectively | 5,306,272,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 611,405 and 539,213 as of june 30, 2020 and december 31, 2019, respectively | 5,358,515,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | 58,000 | |||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 2,056,000 | 2,056,000 | 2,052,000 | 1,937,000 | 1,895,000 | 1,784,000 | 1,783,000 | 1,783,000 | 1,783,000 | 1,783,000 | 1,783,000 | 1,758,000 | 654,000 | 654,000 | 653,000 | 653,000 | 653,000 | 653,000 | 652,000 | 651,000 | 651,000 | 592,000 | 590,000 | 476,000 | 473,000 | 391,000 | 388,000 | 373,000 | 373,000 | 373,000 | 371,000 | 371,000 | 371,000 | 370,000 | 369,000 | 369,000 | 251,000 | 251,000 | 251,000 | |||||||||||||||||||||
real estate investments, net of accumulated depreciation of 569,752 and 539,213 as of march 31, 2020 and december 31, 2019, respectively | 5,363,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 539,213 and 402,338 as of december 31, 2019 and 2018, respectively | 5,341,370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 502,777 and 402,338 as of september 30, 2019 and december 31, 2018, respectively | 5,344,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 464,970 and 402,338 as of june 30, 2019 and december 31, 2018, respectively | 5,378,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 425,962 and 402,338 as of march 31, 2019 and december 31, 2018, respectively | 5,437,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 270,780,000 | 2,073,000 | 75,450,000 | 2,215,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 402,338 and 340,423 as of december 31, 2018 and 2017, respectively | 5,853,545,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 419,225 and 340,423 as of september 30, 2018 and december 31, 2017, respectively | 5,975,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 377,159 and 340,423 as of june 30, 2018 and december 31, 2017, respectively | 5,993,682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 377,063 and 340,423 as of march 31, 2018 and december 31, 2017, respectively | 6,108,801,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 340,423 and 282,812 as of december 31, 2017 and 2016, respectively | 5,994,432,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 336,689 and 282,812 as of september 30, 2017 and december 31, 2016, respectively | 5,972,785,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 314,103 and 282,812 as of june 30, 2017 and december 31, 2016, respectively | 1,995,911,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses, deferred financing costs and other assets | 141,193,000 | 126,007,000 | 125,279,000 | 116,353,000 | 111,532,000 | 119,519,000 | 129,134,000 | 123,620,000 | 112,329,000 | 102,325,000 | 98,687,000 | 142,196,000 | 68,990,000 | 75,187,000 | 63,252,000 | 44,194,000 | 39,083,000 | 37,507,000 | 29,613,000 | 26,651,000 | 23,021,000 | 31,031,000 | 17,390,000 | 19,791,000 | 17,934,000 | 16,809,000 | 12,013,000 | |||||||||||||||||||||||||||||||||
mortgage notes | 159,366,000 | 159,905,000 | 160,752,000 | 162,130,000 | 174,053,000 | 175,045,000 | 177,850,000 | 168,608,000 | 142,252,000 | 123,325,000 | 124,022,000 | 124,714,000 | 125,400,000 | 130,106,000 | 141,328,000 | 142,241,000 | 143,129,000 | |||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 297,405 and 282,812 as of march 31, 2017 and december 31, 2016, respectively | 1,993,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 282,812 and 237,841 as of december 31, 2016 and 2015, respectively | 2,009,939,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total sabra health care reit, inc. stockholders' equity | 1,015,574,000 | 1,053,770,000 | 941,866,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 272,953 and 237,841 as of september 30, 2016 and december 31, 2015, respectively | 1,999,778,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 258,277 and 237,841 as of june 30, 2016 and december 31, 2015, respectively | 1,908,667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 242,630 and 237,841 as of march 31, 2016 and december 31, 2015, respectively | 1,923,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 237,841 and 185,994 as of december 31, 2015 and 2014, respectively | 2,039,616,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 226,662 and 185,994 as of september 30, 2015 and december 31, 2014, respectively | 1,974,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 213,735 and 185,994 as of june 30, 2015 and december 31, 2014, respectively | 1,933,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 199,767 and 185,994 as of march 31, 2015 and december 31, 2014, respectively | 1,632,707,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 185,994 and 151,078 as of december 31, 2014 and 2013, respectively | 1,645,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 179,301 and 151,078 as of september 30, 2014 and december 31, 2013, respectively | 1,568,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 25,540,000 | 25,540,000 | 25,540,000 | 25,540,000 | 26,300,000 | 26,300,000 | 26,300,000 | 26,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
tax liability | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 24,212,000 | 25,540,000 | 25,540,000 | 25,540,000 | 25,540,000 | 26,300,000 | 26,300,000 | 26,300,000 | 26,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 169,763 and 151,078 as of june 30, 2014 and december 31, 2013, respectively | 1,036,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured revolving credit facility | 162,000,000 | 135,500,000 | 92,500,000 | 42,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 160,229 and 151,078 as of march 31, 2014 and december 31, 2013, respectively | 1,021,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 151,078 and 129,479 as of december 31, 2013 and 2012, respectively | 915,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 460,164,000 | 423,190,000 | 425,567,000 | 440,140,000 | 305,488,000 | 311,319,000 | 316,425,000 | 320,598,000 | 326,573,000 | 329,924,000 | 175,842,000 | 179,923,000 | 177,533,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,197,835,000 | 1,027,250,000 | 1,022,099,000 | 964,566,000 | 916,882,000 | 843,011,000 | 778,518,000 | 746,545,000 | 749,650,000 | 758,045,000 | 595,802,000 | 605,069,000 | 599,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 153,792 and 129,479 as of september 30, 2013 and december 31, 2012, respectively | 809,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 145,674 and 129,479 as of june 30, 2013 and december 31, 2012, respectively | 817,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 137,588 and 129,479 as of march 31, 2013 and december 31, 2012, respectively | 819,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable | 24,978,000 | 12,017,000 | 22,092,000 | 21,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 151,333,000 | 152,322,000 | 157,513,000 | 157,872,000 | 157,603,000 | 158,398,000 | 159,180,000 | 159,935,000 | 160,676,000 | 161,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
senior unsecured notes payable | 330,467,000 | 330,666,000 | 330,861,000 | 225,000,000 | 225,000,000 | 225,000,000 | 225,000,000 | 225,000,000 | 225,000,000 | 225,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 129,479 and 107,331 as of december 31, 2012 and 2011, respectively | 827,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 131,071 and 108,916 as of september 30, 2012 and december 31, 2011, respectively | 733,054,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 123,651 and 108,916 as of june 30, 2012 and december 31, 2011, respectively | 698,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 116,166 and 108,916 as of march 31, 2012 and december 31, 2011, respectively | 680,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 108,916 and 88,701 as of december 31, 2011 and 2010, respectively | 658,377,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 107,887 and 88,701 as of september 30, 2011 and december 31, 2010, respectively | 649,251,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 101,067 and 88,701 as of june 30, 2011 and december 31, 2010, respectively | 542,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 94,785 and 88,701, respectively | 476,222,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 1,255,000 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, net of accumulated depreciation of 88,701 | 482,297,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 22,517,000 | 65,542,000 | 40,304,000 | 46,695,000 | 29,788,000 | 23,975,000 | 26,254,000 | 17,156,000 | -15,101,000 | 21,188,000 | -9,487,000 | -84,948,000 | -50,064,000 | 16,805,000 | 40,602,000 | -24,353,000 | 10,223,000 | -132,573,000 | 33,447,000 | 37,117,000 | 36,460,000 | 29,623,000 | 35,217,000 | 39,741,000 | 23,286,000 | 83,683,000 | -77,692,000 | -19,383,000 | 35,228,000 | 200,789,000 | 62,481,000 | 103,969,000 | 15,069,000 | 20,536,000 | 18,791,000 | 23,170,000 | 25,312,000 | 37,466,000 | -15,743,000 | 25,084,000 | 18,034,000 | 16,826,000 | 19,439,000 | 22,236,000 | 17,198,000 | 14,796,000 | -7,321,000 | 12,999,000 | 11,821,000 | -662,000 | 9,557,000 | 3,959,000 | 5,226,000 | 5,923,000 | 4,405,000 | 7,164,000 | 2,343,000 | 2,087,000 | 1,248,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 48,511,000 | 43,586,000 | 43,494,000 | 42,308,000 | 42,720,000 | 41,681,000 | 42,914,000 | 42,876,000 | 43,242,000 | 44,142,000 | 52,827,000 | 49,927,000 | 47,427,000 | 45,172,000 | 45,256,000 | 45,079,000 | 45,046,000 | 44,491,000 | 44,375,000 | 44,158,000 | 44,209,000 | 44,202,000 | 44,168,000 | 44,032,000 | 43,092,000 | 49,476,000 | 44,949,000 | 48,078,000 | 48,468,000 | 46,828,000 | 48,005,000 | 51,592,000 | 25,933,000 | 17,220,000 | 19,137,000 | 17,199,000 | 17,102,000 | 16,405,000 | 17,766,000 | 18,126,000 | 16,306,000 | 14,497,000 | 14,150,000 | 14,465,000 | 9,762,000 | 9,755,000 | 9,350,000 | 8,555,000 | 8,258,000 | 8,222,000 | 8,246,000 | 7,907,000 | 7,496,000 | 7,557,000 | 7,303,000 | 7,364,000 | 6,850,000 | 6,291,000 | 6,086,000 |
non-cash rental and related revenues | 7,151,000 | -3,903,000 | -2,428,000 | -1,627,000 | -433,000 | -2,387,000 | 591,000 | -1,918,000 | -1,312,000 | -3,071,000 | -2,398,000 | -2,787,000 | 13,031,000 | -3,587,000 | -4,474,000 | 15,710,000 | 20,740,000 | -4,914,000 | -5,713,000 | -5,798,000 | 7,907,000 | -6,202,000 | -365,000 | ||||||||||||||||||||||||||||||||||||
non-cash interest income | 0 | 3,000 | 4,000 | 5,000 | 12,000 | 5,000 | 7,000 | 8,000 | 8,000 | 4,000 | -392,000 | -602,000 | -589,000 | -547,000 | -547,000 | -544,000 | -530,000 | -502,000 | -412,000 | -608,000 | -608,000 | -574,000 | -561,000 | ||||||||||||||||||||||||||||||||||||
non-cash interest expense | 2,153,000 | 1,726,000 | 1,729,000 | 1,729,000 | 2,611,000 | 3,068,000 | 3,071,000 | 3,086,000 | 3,088,000 | 3,077,000 | 3,014,000 | 2,794,000 | 2,798,000 | 2,804,000 | 2,698,000 | 2,979,000 | 1,744,000 | 1,749,000 | 1,896,000 | 1,891,000 | 2,069,000 | 2,225,000 | 2,233,000 | 2,234,000 | 2,523,000 | 2,762,000 | 2,561,000 | 2,589,000 | 2,551,000 | 2,516,000 | 2,481,000 | ||||||||||||||||||||||||||||
stock-based compensation expense | 2,875,000 | 2,704,000 | 2,711,000 | 2,539,000 | 2,586,000 | 1,341,000 | 2,521,000 | 2,449,000 | 2,235,000 | 1,004,000 | 2,229,000 | 2,086,000 | 2,117,000 | 794,000 | 2,456,000 | 927,000 | 2,428,000 | 2,271,000 | 2,288,000 | 2,256,000 | 916,000 | 2,375,000 | 2,360,000 | 990,000 | 3,259,000 | 2,795,000 | 2,775,000 | 1,373,000 | 2,436,000 | 2,704,000 | 1,135,000 | 30,000 | 4,010,000 | 1,731,000 | 2,588,000 | 1,359,000 | 2,485,000 | 1,834,000 | 1,818,000 | 734,000 | 717,000 | 1,754,000 | 2,918,000 | 3,514,000 | 1,545,000 | 2,279,000 | 2,513,000 | 2,610,000 | 1,276,000 | 1,459,000 | 2,474,000 | 2,530,000 | 1,907,000 | 1,639,000 | 2,203,000 | 1,351,000 | 771,000 | 1,336,000 | 1,142,000 |
loss on extinguishment of debt | 0 | 0 | 0 | 1,541,000 | 0 | 140,000 | 0 | 271,000 | 32,862,000 | 913,000 | 54,000 | 793,000 | 0 | 139,000 | 5,577,000 | 644,000 | 0 | 0 | 0 | 0 | 556,000 | 0 | 158,000 | 80,000 | 1,338,000 | 350,000 | |||||||||||||||||||||||||||||||||
recovery of loan losses | -240,000 | -227,000 | -173,000 | -137,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on sales of real estate | -6,064,000 | 5,745,000 | 732,000 | 46,545,000 | 7,833,000 | 21,515,000 | 7,430,000 | 80,000 | -655,000 | 3,752,000 | -1,313,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate | 2,571,000 | 0 | 0 | 15,335,000 | 3,137,000 | 7,268,000 | 0 | 0 | 7,064,000 | 21,440,000 | 60,857,000 | 9,004,000 | 849,000 | 2,717,000 | 13,966,000 | 2,002,000 | 103,134,000 | 0 | 0 | 881,000 | 532,000 | 0 | 0 | 0 | 29,811,000 | ||||||||||||||||||||||||||||||||||
loss from unconsolidated joint ventures | -1,226,000 | -832,000 | -218,000 | 96,000 | -214,000 | -80,000 | 595,000 | 761,000 | 645,000 | 653,000 | 838,000 | 30,539,000 | 4,384,000 | ||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from unconsolidated joint ventures | 1,895,000 | 1,654,000 | 2,368,000 | 1,693,000 | 1,095,000 | 1,181,000 | 1,478,000 | 1,764,000 | 593,000 | 745,000 | 367,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash items | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, prepaid expenses and other assets | -2,262,000 | -4,045,000 | -2,822,000 | -1,873,000 | -4,883,000 | -2,418,000 | -6,288,000 | -418,000 | -4,383,000 | -3,495,000 | -2,782,000 | -812,000 | 443,000 | -617,000 | -5,457,000 | -4,839,000 | 15,423,000 | 512,000 | -2,873,000 | -2,875,000 | -2,146,000 | 5,518,000 | -6,895,000 | -2,387,000 | -1,963,000 | 4,635,000 | -9,924,000 | -2,722,000 | -1,901,000 | -472,000 | -1,658,000 | -10,982,000 | |||||||||||||||||||||||||||
accounts payable and accrued liabilities | 10,435,000 | -2,188,000 | -4,706,000 | -4,874,000 | 18,771,000 | 364,000 | -21,348,000 | 5,331,000 | 11,032,000 | -2,180,000 | -5,839,000 | -15,411,000 | 28,056,000 | -4,927,000 | -20,968,000 | 19,882,000 | 6,374,000 | -785,000 | -10,992,000 | 6,252,000 | 6,086,000 | 1,249,000 | -9,929,000 | 6,899,000 | 1,850,000 | -5,354,000 | -17,265,000 | 3,426,000 | -23,177,000 | 7,757,000 | 249,000 | -13,687,000 | -53,897,000 | 4,932,000 | -4,605,000 | 5,245,000 | 1,893,000 | 9,754,000 | -5,430,000 | 9,387,000 | -3,424,000 | 6,002,000 | -4,988,000 | -9,972,000 | 19,295,000 | 1,226,000 | 2,086,000 | -4,983,000 | 8,536,000 | -4,636,000 | 6,513,000 | -5,890,000 | 9,125,000 | -5,967,000 | 4,053,000 | -2,165,000 | 7,375,000 | -3,621,000 | 4,106,000 |
net cash from operating activities | 99,964,000 | 80,959,000 | 80,263,000 | 79,968,000 | 97,650,000 | 80,128,000 | 52,795,000 | 78,737,000 | 83,216,000 | 70,329,000 | 68,289,000 | 67,587,000 | 108,463,000 | 76,569,000 | 63,114,000 | 97,931,000 | 106,193,000 | 83,735,000 | 68,531,000 | 89,397,000 | 96,850,000 | 93,786,000 | 74,819,000 | 95,494,000 | 85,103,000 | 137,919,000 | 53,959,000 | 75,519,000 | 71,471,000 | 109,906,000 | 101,647,000 | 83,715,000 | -4,100,000 | 22,433,000 | 31,438,000 | 42,923,000 | 39,322,000 | 69,768,000 | 24,726,000 | 41,986,000 | 27,808,000 | 26,606,000 | 24,701,000 | 14,098,000 | 42,318,000 | 27,714,000 | 1,207,000 | 12,888,000 | 26,225,000 | 1,383,000 | 21,603,000 | 8,350,000 | 23,815,000 | 7,623,000 | 16,464,000 | 10,196,000 | 16,581,000 | 5,470,000 | 12,458,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 99,964,000 | 80,959,000 | 80,263,000 | 79,968,000 | 97,650,000 | 80,128,000 | 52,795,000 | 78,737,000 | 83,216,000 | 70,329,000 | 68,289,000 | 67,587,000 | 108,463,000 | 76,569,000 | 63,114,000 | 97,931,000 | 106,193,000 | 83,735,000 | 68,531,000 | 89,397,000 | 96,850,000 | 93,786,000 | 74,819,000 | 95,494,000 | 85,103,000 | 137,919,000 | 53,959,000 | 75,519,000 | 71,471,000 | 109,906,000 | 101,647,000 | 83,715,000 | -4,100,000 | 22,433,000 | 31,438,000 | 42,923,000 | 39,322,000 | 69,768,000 | 24,726,000 | 41,986,000 | 27,808,000 | 26,606,000 | 24,701,000 | 14,098,000 | 42,318,000 | 27,714,000 | 1,207,000 | 12,888,000 | 26,225,000 | 1,383,000 | 21,603,000 | 8,350,000 | 23,815,000 | 7,623,000 | 16,464,000 | 10,196,000 | 16,581,000 | 5,470,000 | 12,458,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate and lease intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination and fundings of loans receivable | -2,600,000 | -1,400,000 | -1,710,000 | -105,000 | -1,788,000 | -19,650,000 | -102,000 | -1,804,000 | -564,000 | -7,250,000 | -1,800,000 | -19,312,000 | 0 | 0 | -715,000 | -936,000 | -3,624,000 | -618,000 | -6,047,000 | -2,776,000 | -9,283,000 | -13,291,000 | -14,925,000 | -13,232,000 | -11,597,000 | -4,715,000 | -419,000 | -508,000 | -197,000 | -3,195,000 | -433,000 | -5,850,000 | -23,480,000 | -4,470,000 | -14,434,000 | -7,303,000 | -7,141,000 | -20,883,000 | -18,945,000 | -19,428,000 | |||||||||||||||||||
origination and fundings of preferred equity investments | 0 | 0 | -9,000 | -303,000 | -1,508,000 | -14,000 | -1,007,000 | -8,000 | -339,000 | -4,292,000 | -6,384,000 | -2,208,000 | -823,000 | -916,000 | -4,074,000 | -4,908,000 | -759,000 | -10,000 | -28,000 | -4,340,000 | -17,000 | -928,000 | -36,000 | -2,637,000 | -25,000 | -51,000 | -503,000 | -673,000 | -5,188,000 | -984,000 | |||||||||||||||||||||||||||||
additions to real estate | -10,614,000 | -5,786,000 | -7,783,000 | -15,523,000 | -13,829,000 | -12,425,000 | -12,935,000 | -21,061,000 | -25,799,000 | -18,455,000 | -19,540,000 | -20,664,000 | -14,314,000 | -8,692,000 | -10,803,000 | -13,373,000 | -7,542,000 | -10,903,000 | -10,833,000 | -14,938,000 | -12,549,000 | -7,911,000 | -11,956,000 | -9,466,000 | -7,389,000 | -3,524,000 | -5,072,000 | -6,002,000 | -4,878,000 | -5,278,000 | -11,539,000 | -3,721,000 | -1,939,000 | -774,000 | -520,000 | -102,000 | -27,000 | -400,000 | -474,000 | -2,093,000 | -563,000 | -358,000 | -675,000 | -320,000 | -368,000 | -727,000 | -56,000 | -376,000 | -162,000 | -7,000 | -309,000 | -474,000 | -256,000 | 0 | 0 | -86,000 | |||
escrow deposits for potential investments | 56,000 | 0 | 2,381,000 | -3,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of loans receivable | 8,394,000 | 5,919,000 | 1,129,000 | 775,000 | 1,587,000 | 798,000 | 391,000 | 600,000 | 612,000 | 1,918,000 | 6,144,000 | 387,000 | 419,000 | 3,770,000 | 696,000 | 517,000 | 1,297,000 | 507,000 | 628,000 | 998,000 | 1,485,000 | 599,000 | 1,011,000 | 4,606,000 | 3,659,000 | 4,851,000 | 5,251,000 | 3,507,000 | 9,395,000 | 10,082,000 | 28,805,000 | ||||||||||||||||||||||||||||
repayments of preferred equity investments | 608,000 | 556,000 | 813,000 | 622,000 | 595,000 | 4,110,000 | 617,000 | 632,000 | 698,000 | 2,697,000 | 1,433,000 | 1,203,000 | 2,840,000 | 604,000 | 729,000 | 609,000 | 170,000 | 212,000 | 301,000 | 20,000 | 335,000 | 5,000 | 3,059,000 | 1,407,000 | 1,209,000 | 376,000 | 2,087,000 | 379,000 | 6,116,000 | 141,000 | 234,000 | 473,000 | |||||||||||||||||||||||||||
investment in unconsolidated joint ventures | 0 | -211,000 | -1,030,000 | -541,000 | -373,000 | -156,000 | -188,000 | -438,000 | 0 | 0 | -4,797,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sales of real estate | 39,514,000 | 55,458,000 | 34,383,000 | -600,000 | 79,318,000 | 16,645,000 | 152,259,000 | 24,488,000 | 22,813,000 | 85,657,000 | 6,685,000 | 5,179,000 | 3,202,000 | -762,000 | 3,244,000 | 6,272,000 | -1,021,000 | 315,879,000 | 6,857,000 | 12,663,000 | 271,458,000 | 6,743,000 | 5,624,000 | ||||||||||||||||||||||||||||||||||||
proceeds from net investment hedges | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds | 229,000 | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from unconsolidated joint ventures | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -199,838,000 | -45,132,000 | -16,444,000 | 18,560,000 | -57,030,000 | -57,307,000 | -13,224,000 | -61,779,000 | 59,927,000 | -8,193,000 | 113,175,000 | -31,160,000 | -56,989,000 | -90,857,000 | -37,242,000 | -258,830,000 | -158,000 | -41,852,000 | -35,356,000 | -5,933,000 | -31,550,000 | -29,144,000 | -69,824,000 | -35,701,000 | -19,337,000 | 311,535,000 | 6,347,000 | 57,759,000 | -19,354,000 | 219,480,000 | -516,379,000 | 63,050,000 | -296,781,000 | -5,380,000 | -961,000 | -31,190,000 | -82,467,000 | 254,056,000 | 1,964,000 | -86,545,000 | -82,021,000 | -314,423,000 | -6,237,000 | -33,173,000 | -629,296,000 | -35,864,000 | -128,139,000 | -260,137,000 | -2,791,000 | -19,270,000 | -15,311,000 | -97,450,000 | -43,744,000 | -37,247,000 | -40,209,000 | -11,452,000 | -113,700,000 | -74,019,000 | -5,415,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings from revolving credit facility | 119,661,000 | 56,693,000 | 5,000,000 | 125,776,000 | 16,577,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on senior unsecured notes | -200,000,000 | 0 | 0 | 0 | 0 | -211,250,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loans | 0 | 0 | 2,000 | 12,186,000 | 0 | 0 | 0 | 69,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on secured debt | -524,000 | -521,000 | -517,000 | -513,000 | -510,000 | -507,000 | -503,000 | -500,000 | -496,000 | -493,000 | -490,000 | -486,000 | -483,000 | -480,000 | -16,067,000 | -10,476,000 | -739,000 | -737,000 | -709,000 | -676,000 | -727,000 | -792,000 | -877,000 | -870,000 | -863,000 | -854,000 | -849,000 | -137,136,000 | -1,074,000 | -1,067,000 | -1,061,000 | -1,051,000 | |||||||||||||||||||||||||||
payments of deferred financing costs | -4,325,000 | 0 | -80,000 | -14,000 | 0 | 0 | -80,000 | -7,000 | -7,000 | -1,000 | -18,127,000 | -14,000 | 0 | 0 | -6,000 | -1,873,000 | -7,437,000 | -11,000 | -97,000 | -7,000 | -715,000 | -1,597,000 | -9,588,000 | -4,407,000 | -6,000 | -340,000 | 0 | -6,000 | -6,000 | -21,000 | -15,192,000 | -15,000 | -109,000 | -4,000 | -2,000 | -46,000 | -5,885,000 | -138,000 | -480,000 | -704,000 | -130,000 | -3,657,000 | -5,339,000 | -262,000 | -9,873,000 | -356,000 | -3,220,000 | -5,306,000 | -72,000 | 245,000 | -3,610,000 | -979,000 | -2,456,000 | -182,000 | -225,000 | 36,000 | -306,000 | ||
payments related to extinguishment of debt | -3,605,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 164,139,000 | 29,602,000 | -5,391,000 | 14,759,000 | 34,959,000 | 39,009,000 | -2,606,000 | -488,000 | -41,000 | -306,000 | -1,847,000 | -416,000 | -591,000 | -55,000 | -3,748,000 | 136,525,000 | -510,000 | 85,044,000 | 87,654,000 | 59,131,000 | 19,101,000 | -70,000 | 1,930,000 | 247,298,000 | 90,455,000 | 213,898,000 | -2,323,000 | 0 | 0 | 0 | -499,000 | 47,774,000 | 322,250,000 | 0 | -3,224,000 | 0 | 0 | -15,000 | -1,274,000 | -214,000 | -445,000 | 147,649,000 | -7,587,000 | 280,322,000 | 9,926,000 | 220,547,000 | -648,000 | 37,467,000 | -99,000 | -317,000 | -2,534,000 | -91,000 | 0 | -189,000 | 162,884,000 | ||||
dividends paid on common stock | -71,938,000 | -71,381,000 | -71,373,000 | -70,976,000 | -70,280,000 | -69,450,000 | -69,444,000 | -69,368,000 | -69,368,000 | -69,360,000 | -69,351,000 | -69,296,000 | -69,296,000 | -69,290,000 | -69,275,000 | -68,608,000 | -66,261,000 | -64,829,000 | -63,221,000 | -62,552,000 | -61,679,000 | -61,678,000 | -92,390,000 | ||||||||||||||||||||||||||||||||||||
net cash from financing activities | 206,169,000 | 36,725,000 | -101,242,000 | -100,964,000 | -13,955,000 | -46,413,000 | -20,229,000 | -9,363,000 | -136,393,000 | -68,473,000 | -196,071,000 | -13,519,000 | -91,620,000 | 55,951,000 | -112,519,000 | -274,628,000 | 371,573,000 | 2,471,000 | -69,276,000 | -60,108,000 | -60,402,000 | -90,547,000 | 8,948,000 | -50,447,000 | -83,489,000 | -424,770,000 | -87,474,000 | -212,753,000 | -138,351,000 | -161,805,000 | -114,392,000 | 341,014,000 | 317,891,000 | -16,741,000 | -43,347,000 | -4,997,000 | -41,693,000 | -229,086,000 | -25,122,000 | 20,601,000 | 79,690,000 | 289,873,000 | -76,086,000 | 55,389,000 | 597,372,000 | 18,949,000 | 126,910,000 | 154,916,000 | -19,563,000 | 57,092,000 | 30,172,000 | 75,724,000 | 47,296,000 | 30,059,000 | -15,830,000 | -12,911,000 | 150,082,000 | -8,207,000 | -1,066,000 |
net increase in cash, cash equivalents and restricted cash | 106,295,000 | 72,552,000 | -37,423,000 | -2,436,000 | 19,342,000 | 22,908,000 | -40,146,000 | -435,527,000 | 477,608,000 | 44,354,000 | -36,101,000 | 13,943,000 | -79,475,000 | ||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency translation on cash, cash equivalents and restricted cash | -429,000 | 203,000 | -19,000 | -201,000 | 2,000 | -29,000 | -131,000 | 266,000 | -272,000 | 33,000 | -641,000 | -124,000 | -227,000 | 579,000 | 40,000 | -5,000 | -125,000 | 94,000 | 65,000 | 318,000 | 146,000 | 284,000 | -660,000 | 135,000 | -89,000 | 151,000 | 149,000 | -383,000 | 96,000 | -97,000 | -155,000 | ||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 66,339,000 | 0 | 0 | 0 | 46,719,000 | 0 | 0 | 0 | 53,932,000 | 0 | 0 | 0 | 115,886,000 | 0 | 0 | 0 | 65,523,000 | 0 | 0 | 0 | 49,143,000 | 0 | 0 | 0 | 59,658,000 | 0 | 0 | 0 | 587,449,000 | ||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 105,866,000 | 72,755,000 | 28,897,000 | -2,637,000 | 26,667,000 | -23,621,000 | 65,930,000 | 7,861,000 | 6,478,000 | -6,304,000 | 38,684,000 | 22,784,000 | -40,373,000 | 42,242,000 | 29,279,000 | -435,532,000 | 477,483,000 | 44,448,000 | 29,487,000 | 23,674,000 | 5,044,000 | -25,621,000 | 62,426,000 | 9,481,000 | -17,812,000 | 24,835,000 | 32,639,000 | -79,858,000 | -86,138,000 | 167,484,000 | 58,170,000 | ||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 23,073,000 | 29,514,000 | 20,233,000 | 20,785,000 | 30,352,000 | 20,495,000 | 20,320,000 | 30,273,000 | 22,318,000 | 18,810,000 | 31,585,000 | 18,383,000 | 20,393,000 | 24,038,000 | 21,620,000 | 20,328,000 | 26,141,000 | 21,526,000 | 25,599,000 | 32,436,000 | 42,195,000 | 43,726,000 | 25,170,000 | 42,623,000 | 19,892,000 | 10,817,000 | 18,127,000 | 10,225,000 | 18,428,000 | 11,122,000 | 19,459,000 | 10,470,000 | 17,964,000 | 8,680,000 | 16,761,000 | 7,763,000 | 11,407,000 | 8,079,000 | 7,219,000 | 16,604,000 | 2,098,000 | 16,775,000 | 3,064,000 | 15,497,000 | 2,439,000 | 12,537,000 | 2,140,000 | 11,533,000 | 2,548,000 | 12,029,000 | 2,447,000 | ||||||||
net gain on sales of real estate | -33,000 | -2,715,000 | -1,084,000 | 19,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate | -53,283,000 | -7,854,000 | -24,205,000 | -76,097,000 | -38,900,000 | 0 | 0 | -39,630,000 | -8,219,000 | -63,412,000 | 0 | -20,573,000 | -37,332,000 | -9,000 | -33,453,000 | -28,654,000 | 0 | 0 | -25,671,000 | -67,274,000 | -36,159,000 | -22,510,000 | -25,019,000 | -41,981,000 | -172,001,000 | -26,841,000 | -378,608,000 | ||||||||||||||||||||||||||||||||
net (repayments of) borrowings from revolving credit facility | -23,881,000 | 61,000,000 | -66,481,000 | 19,585,000 | -118,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery of) provision for loan losses | -125,000 | -148,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits for potential sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales-type lease | 0 | 0 | 0 | 25,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings from (repayments of) revolving credit facility | -44,220,000 | 21,876,000 | -15,465,000 | 52,404,000 | -17,000,000 | -28,000,000 | 101,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on term loans | 0 | -23,750,000 | 0 | -40,000,000 | 0 | -345,000,000 | -17,000,000 | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in loans receivable and other investments due to acquisition of real estate | 0 | 0 | 4,644,000 | 8,688,000 | 0 | 5,623,000 | 0 | 36,823,000 | -16,092,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | 6,750,000 | -6,337,000 | -14,607,000 | -86,647,000 | 4,898,000 | -17,723,000 | 24,684,000 | -27,168,000 | 167,581,000 | -529,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
provision for loan losses and other reserves | 429,000 | -208,000 | -270,000 | 475,000 | 2,045,000 | -26,000 | -109,000 | 2,025,000 | 1,149,000 | -90,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior unsecured notes | 0 | 341,740,000 | -2,961,000 | 149,250,000 | 0 | 0 | 350,000,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
provision for (recovery of) loan losses and other reserves | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery of) provision for loan losses and other reserves | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of unconsolidated joint venture | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture | -12,000 | 0 | 0 | 0 | -354,461,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint venture | 2,802,000 | 13,264,000 | 4,018,000 | 5,663,000 | 5,010,000 | 3,562,000 | -2,766,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash lease termination income | -854,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from unconsolidated joint venture | 1,477,000 | 4,235,000 | 3,043,000 | 4,040,000 | 3,703,000 | 3,278,000 | 3,847,000 | 3,037,000 | 2,416,000 | 2,884,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from unconsolidated joint venture | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of revolving credit facility | -4,000,000 | -30,000,000 | -9,000,000 | -57,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed by buyer in connection with sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buyout of noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed by buyers in connection with sales of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses and other reserves | 667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sales of real estate | 217,000 | 1,520,000 | 472,000 | 4,602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint venture | 3,667,000 | 1,161,000 | 605,000 | 1,805,000 | 1,725,000 | 2,347,000 | -446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts, straight-line rental income and loan losses | -219,000 | 57,000 | 193,000 | 1,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 126,000 | 270,000 | 0 | -822,000 | -1,576,000 | 100,000 | -1,850,000 | 100,000 | 100,000 | 100,000 | -700,000 | 100,000 | -660,000 | -300,000 | -400,000 | -300,000 | 1,400,000 | -500,000 | |||||||||||||||||||||||||||||||||||||||||
cash received in ccp merger | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments of) proceeds from revolving credit facility | 26,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -200,000 | -43,000 | -37,000 | -36,000 | -35,000 | -35,000 | -35,000 | -37,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common and preferred stock | -88,213,000 | -85,487,000 | -81,475,000 | -80,260,000 | -80,242,000 | -80,242,000 | -81,947,000 | -82,789,000 | -95,276,000 | -26,122,000 | -30,698,000 | -29,993,000 | -29,981,000 | -29,995,000 | -29,987,000 | -29,301,000 | -29,278,000 | -29,276,000 | -25,671,000 | -25,672,000 | -23,835,000 | -20,529,000 | -20,528,000 | -16,597,000 | -15,474,000 | -15,268,000 | |||||||||||||||||||||||||||||||||
amortization of above and below market lease intangibles | -1,601,000 | -1,601,000 | 4,304,000 | 3,508,000 | 5,561,000 | -684,000 | -684,000 | -1,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest income adjustments | -555,000 | -563,000 | -562,000 | -578,000 | -548,000 | -604,000 | -570,000 | -632,000 | -188,000 | 25,000 | 26,000 | 33,000 | 106,000 | 221,000 | 222,000 | 283,000 | 131,000 | 99,000 | 113,000 | 108,000 | 77,000 | 70,000 | 70,000 | 50,000 | 17,000 | 7,000 | 5,000 | 6,000 | 9,000 | ||||||||||||||||||||||||||||||
straight-line rental income adjustments | -3,357,000 | -5,242,000 | -5,468,000 | -9,740,000 | -10,652,000 | -12,189,000 | -11,563,000 | -11,180,000 | -8,682,000 | -4,971,000 | -4,607,000 | -5,274,000 | -5,593,000 | -5,524,000 | -5,593,000 | -6,048,000 | -6,438,000 | -6,178,000 | -5,656,000 | -6,747,000 | -4,641,000 | -4,247,000 | -4,186,000 | -3,873,000 | -3,536,000 | -3,617,000 | -3,683,000 | -2,036,000 | -1,167,000 | -721,000 | -969,000 | -1,372,000 | -592,000 | ||||||||||||||||||||||||||
loss (income) from unconsolidated joint venture | 1,383,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on sales of real estate | -47,415,000 | -582,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts and loan losses | 8,910,000 | -674,000 | 1,213,000 | 9,659,000 | 5,149,000 | 535,000 | 1,770,000 | 2,257,000 | 540,000 | 223,000 | 2,523,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business in ccp merger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of indebtedness in ccp merger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock exchanged in ccp merger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -1,285,000 | -3,167,000 | -1,138,000 | -731,000 | -877,000 | -588,000 | -1,078,000 | -1,154,000 | -884,000 | -1,528,000 | -951,000 | -599,000 | -1,284,000 | -758,000 | -388,000 | -1,202,000 | -855,000 | -938,000 | -869,000 | -1,063,000 | -906,000 | -706,000 | -1,041,000 | -967,000 | -1,042,000 | -1,012,000 | -819,000 | -1,006,000 | |||||||||||||||||||||||||||||||
repayment of loans receivable | 23,720,000 | 7,163,000 | 1,429,000 | 118,000 | 1,015,000 | 21,054,000 | 185,019,000 | 8,874,000 | 2,518,000 | 1,233,000 | 0 | 2,052,000 | 810,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of preferred equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of contingent consideration held in escrow | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from (repayments of) revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from secured debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions by noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 487,779,000 | 17,010,000 | 312,000 | -12,870,000 | 6,736,000 | -84,838,000 | 94,738,000 | 1,568,000 | -23,958,000 | 25,477,000 | 36,314,000 | 10,394,000 | 10,799,000 | -22,000 | 3,871,000 | 39,205,000 | 36,464,000 | -39,575,000 | 5,977,000 | ||||||||||||||||||||||||||||||||||||||||
effect of foreign currency translation on cash and cash equivalents | -20,000 | 628,000 | 109,000 | 21,000 | -747,000 | 644,000 | -3,000 | 131,000 | -81,000 | -46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 25,663,000 | 0 | 0 | 0 | 7,434,000 | 0 | 0 | 0 | 61,793,000 | 0 | 0 | 0 | 4,308,000 | 0 | 0 | 0 | 17,101,000 | 0 | 0 | 0 | 42,250,000 | 0 | 0 | 0 | 74,233,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 487,759,000 | 17,638,000 | 421,000 | 12,814,000 | 5,989,000 | -84,194,000 | 94,735,000 | 9,133,000 | -24,039,000 | 25,431,000 | 1,871,000 | 4,171,000 | 36,314,000 | 10,394,000 | 10,799,000 | 4,286,000 | -92,333,000 | 3,871,000 | 39,205,000 | 53,565,000 | -13,376,000 | 27,367,000 | 435,000 | 2,675,000 | -14,167,000 | 52,963,000 | -76,756,000 | 80,210,000 | |||||||||||||||||||||||||||||||
amortization of deferred financing costs | 1,574,000 | 1,281,000 | 1,277,000 | 1,273,000 | 1,273,000 | 1,273,000 | 1,221,000 | 1,314,000 | 1,300,000 | 1,268,000 | 1,261,000 | 1,233,000 | 940,000 | 927,000 | 945,000 | 885,000 | 806,000 | 823,000 | 766,000 | 1,180,000 | 1,173,000 | 881,000 | 566,000 | 491,000 | 512,000 | 500,000 | 495,000 | ||||||||||||||||||||||||||||||||
amortization of debt premium/discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquired through loan receivable foreclosure | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | 29,000 | 28,000 | 28,000 | 27,000 | 27,000 | 27,000 | 26,000 | 26,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -13,715,000 | -1,414,000 | -2,833,000 | -1,884,000 | 9,165,000 | -5,900,000 | -7,759,000 | -3,743,000 | -8,086,000 | -3,206,000 | -5,464,000 | -1,358,000 | 981,000 | -2,152,000 | -1,965,000 | 69,000 | -1,050,000 | -513,000 | -198,000 | 895,000 | -653,000 | -126,000 | -1,591,000 | 337,000 | -172,000 | 391,000 | |||||||||||||||||||||||||||||||||
net borrowing (repayments) of revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on mortgage notes | -1,028,000 | -1,021,000 | -1,012,000 | -11,696,000 | -1,038,000 | -1,022,000 | -948,000 | -844,000 | -643,000 | -697,000 | -691,000 | -686,000 | -30,408,000 | -57,325,000 | -913,000 | -888,000 | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sale of real estate | 9,993,000 | 75,058,000 | 398,000 | 13,952,000 | 0 | 0 | 2,208,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate | -43,960,000 | -74,758,000 | -84,721,000 | -49,600,000 | -603,490,000 | -9,739,000 | -108,650,000 | -119,780,000 | 0 | -107,374,000 | -42,500,000 | -25,700,000 | -29,850,000 | -16,800,000 | -113,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes | 0 | 0 | 0 | 11,600,000 | 46,103,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage indebtedness | 10,779,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in real estate investments due to variable interest consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in loans receivable and preferred equity due to variable interest consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in loans receivables/increase in real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dip loan fundings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from revolving credit facility | 51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock | -8,000 | -88,000 | -638,000 | 138,983,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash transactions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts and write-offs | 2,489,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred equity investments | -4,150,000 | -4,820,000 | -311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds (repayments) from revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium | 25,000 | 23,000 | 0 | 0 | -33,000 | -136,000 | -134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 1,144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-off of straight-line rental income | 0 | 0 | 2,895,000 | 99,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments) proceeds from revolving credit facility | -42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -57,622,000 | 27,367,000 | 52,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in preferred equity investment/increase in loans receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred equity investment | -4,842,000 | -6,453,000 | -5,000 | -1,480,000 | -498,000 | -4,646,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash transaction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from secured revolving credit facility | 30,000,000 | 50,000,000 | 92,500,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on secured revolving credit facility | -192,000,000 | -23,500,000 | -8,000,000 | 0 | 0 | -92,500,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination of loans receivable | -139,567,000 | -1,149,000 | -12,371,000 | -12,873,000 | -69,000 | -935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of note receivable | 0 | 0 | -19,000 | -5,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium on notes payable | -488,000 | -4,000 | -4,000 | -4,000 | -4,000 | -3,000 | -4,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium on senior unsecured notes | -199,000 | -195,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on mortgage notes payable | -989,000 | -25,525,000 | -14,237,000 | -21,673,000 | -791,000 | -778,000 | -750,000 | -739,000 | -760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -12,716,000 | -12,227,000 | -12,239,000 | -12,250,000 | -12,213,000 | -11,762,000 | -11,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received in the separation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes payable | 20,822,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of separation-related obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes payables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination of note receivable | -10,103,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to the issuance of common stock | -370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to corporate furniture, fixtures and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net non-cash assets received in the separation |
