STAG Industrial, Inc(NYSE:STAG) 
STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balan...
Website: http://www.stagindustrial.com
Founded: 2010
Full Time Employees: 72
Sector: Real Estate
Industry: REIT-Industrial
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-04-20 |
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revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 223,848,000 | 220,214,000 | 209,995,000 | 207,438,000 | 205,362,000 | 198,737,000 | 190,286,000 | 186,467,000 | 187,402,000 | 182,595,000 | 177,858,000 | 171,439,000 | 173,268,000 | 170,036,000 | 164,683,000 | 161,057,000 | 158,601,000 | 147,525,000 | 140,277,000 | 137,805,000 | 133,825,000 | 129,768,000 | 117,247,000 | 117,471,000 | 118,339,000 | 111,079,000 | 102,294,000 | 96,362,000 | 95,615,000 | 78,427,000 | 75,159,000 | 72,140,000 | 69,928,000 | 69,210,000 | 65,673,000 | 61,726,000 | 59,222,000 | 56,166,000 | 53,511,000 | 51,715,000 | 51,349,000 | 50,262,000 | 47,731,000 | 45,220,000 | 43,249,000 | 43,375,000 | 36,774,000 | 35,203,000 | 25,934,000 | 30,391,000 | 28,325,000 | 26,287,000 | 19,261,000 | 17,541,000 | 15,645,000 | 15,282,000 | 9,670,000 | 9,670,000 |
other income | 359,000 | 682,000 | 1,126,000 | 155,000 | 212,000 | 588,000 | 453,000 | 3,310,000 | 141,000 | 712,000 | 1,423,000 | 255,000 | 285,000 | 295,000 | 1,622,000 | 443,000 | 608,000 | 98,000 | 1,837,000 | 622,000 | 170,000 | 183,000 | 48,000 | 146,000 | 209,000 | 102,000 | 127,000 | 284,000 | 87,000 | 267,000 | 269,000 | 608,000 | 156,000 | 7,000 | 105,000 | 66,000 | 73,000 | 68,000 | 173,000 | 73,000 | 81,000 | 94,000 | 127,000 | 131,000 | 153,000 | 145,000 | 185,000 | 200,000 | 396,000 | 207,000 | 262,000 | 396,000 | 331,000 | 330,000 | 321,000 | 321,000 | 267,000 | 267,000 |
total revenue | 224,207,000 | 220,896,000 | 211,121,000 | 207,593,000 | 205,574,000 | 199,325,000 | 190,739,000 | 189,777,000 | 187,543,000 | 183,307,000 | 179,281,000 | 171,694,000 | 173,553,000 | 170,331,000 | 166,305,000 | 161,500,000 | 159,209,000 | 147,623,000 | 142,114,000 | 138,427,000 | 133,995,000 | 129,951,000 | 117,295,000 | 117,617,000 | 118,548,000 | 111,181,000 | 102,421,000 | 96,646,000 | 95,702,000 | 93,290,000 | 88,946,000 | 85,474,000 | 83,283,000 | 81,270,000 | 78,144,000 | 72,193,000 | 69,480,000 | 66,534,000 | 62,595,000 | 60,242,000 | 60,872,000 | 58,887,000 | 55,921,000 | 52,836,000 | 50,989,000 | 50,033,000 | 42,358,000 | 41,682,000 | 29,988,000 | 34,883,000 | 32,067,000 | 30,348,000 | 21,727,000 | 19,962,000 | 18,023,000 | 17,041,000 | 11,010,000 | 11,010,000 |
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property | 47,316,000 | 45,576,000 | 42,168,000 | 40,403,000 | 43,678,000 | 40,264,000 | 38,015,000 | 37,478,000 | 39,071,000 | 36,611,000 | 34,429,000 | 32,675,000 | 35,881,000 | 34,965,000 | 30,087,000 | 28,874,000 | 31,775,000 | 28,886,000 | 26,742,000 | 25,356,000 | 27,002,000 | 26,203,000 | 20,817,000 | 20,392,000 | 21,947,000 | 20,556,000 | 18,157,000 | 16,955,000 | 19,511,000 | 18,286,000 | 17,112,000 | 16,124,000 | 17,499,000 | 15,389,000 | 15,401,000 | 13,635,000 | 13,276,000 | 13,232,000 | 11,258,000 | 11,759,000 | 12,655,000 | 11,362,000 | 10,949,000 | 10,071,000 | 10,246,000 | 9,103,000 | 7,694,000 | 3,194,000 | 2,696,000 | 2,686,000 | 2,316,000 | 2,707,000 | 1,345,000 | 1,353,000 | 1,762,000 | 1,350,000 | 754,000 | 754,000 |
general and administrative | 13,855,000 | 13,553,000 | 12,173,000 | 12,901,000 | 13,306,000 | 12,444,000 | 11,978,000 | 11,828,000 | 12,952,000 | 11,658,000 | 11,097,000 | 12,060,000 | 12,676,000 | 11,527,000 | 10,884,000 | 12,234,000 | 12,313,000 | 10,593,000 | 12,668,000 | 12,578,000 | 12,790,000 | 10,756,000 | 9,537,000 | 9,406,000 | 10,373,000 | 9,223,000 | 8,924,000 | 8,587,000 | 9,212,000 | 8,415,000 | 8,911,000 | 7,978,000 | 8,748,000 | 8,259,000 | 8,380,000 | 7,939,000 | 8,771,000 | 7,022,000 | 7,603,000 | 7,751,000 | 11,019,000 | 7,297,000 | 6,429,000 | 7,495,000 | 7,530,000 | 6,934,000 | 5,704,000 | 8,283,000 | 4,506,000 | 4,376,000 | 4,477,000 | 4,506,000 | 3,656,000 | 3,308,000 | 2,998,000 | 2,453,000 | 2,060,000 | 2,060,000 |
depreciation and amortization | 78,594,000 | 77,461,000 | 75,963,000 | 74,473,000 | 73,900,000 | 73,864,000 | 72,506,000 | 75,280,000 | 71,427,000 | 71,248,000 | 69,761,000 | 68,494,000 | 68,944,000 | 68,939,000 | 69,456,000 | 69,279,000 | 67,366,000 | 63,714,000 | 59,246,000 | 57,332,000 | 58,407,000 | 54,523,000 | 53,921,000 | 53,606,000 | 52,688,000 | 51,606,000 | 46,908,000 | 44,633,000 | 42,303,000 | 42,396,000 | 44,355,000 | 40,901,000 | 39,965,000 | 40,595,000 | 38,186,000 | 36,147,000 | 35,953,000 | 32,126,000 | 32,020,000 | 31,018,000 | 30,280,000 | 30,503,000 | 28,656,000 | 27,257,000 | 26,129,000 | 25,451,000 | 21,983,000 | 20,769,000 | 15,398,000 | 17,463,000 | 16,397,000 | 15,610,000 | 10,354,000 | 9,272,000 | 8,860,000 | 8,332,000 | 6,446,000 | 6,446,000 |
other expenses | 438,000 | 721,000 | 563,000 | -58,000 | 572,000 | 629,000 | 545,000 | 595,000 | 563,000 | 584,000 | 773,000 | 357,000 | 2,979,000 | 2,756,000 | 578,000 | 532,000 | 497,000 | 694,000 | 821,000 | 511,000 | 852,000 | 529,000 | 436,000 | 588,000 | 476,000 | 321,000 | 458,000 | 427,000 | 399,000 | 413,000 | 223,000 | 350,000 | 291,000 | 284,000 | 58,000 | 1,250,000 | 194,000 | 292,000 | 279,000 | 318,000 | 260,000 | 156,000 | 226,000 | 478,000 | 186,000 | 152,750 | 181,000 | 193,000 | 85,000 | 89,000 | 161,000 | 85,000 | 87,000 | 9,000 | 50,000 | |||
total expenses | 140,203,000 | 137,311,000 | 130,867,000 | 128,607,000 | 131,456,000 | 127,201,000 | 123,044,000 | 130,148,000 | 124,013,000 | 120,101,000 | 116,060,000 | 113,586,000 | 120,480,000 | 118,187,000 | 112,788,000 | 110,919,000 | 111,951,000 | 103,887,000 | 99,477,000 | 95,777,000 | 99,051,000 | 94,416,000 | 87,883,000 | 83,992,000 | 85,484,000 | 81,886,000 | 78,860,000 | 70,602,000 | 76,769,000 | 72,758,000 | 70,601,000 | 65,353,000 | 69,437,000 | 66,453,000 | 63,411,000 | 61,529,000 | 59,264,000 | 59,740,000 | 53,138,000 | 62,660,000 | 54,766,000 | 72,458,000 | 52,999,000 | 49,133,000 | 44,409,000 | 45,473,000 | 37,752,000 | 38,539,000 | 25,888,000 | 29,222,000 | 27,883,000 | 26,119,000 | 22,127,000 | 16,796,000 | 15,431,000 | 13,817,000 | 10,505,000 | 10,505,000 |
interest and other income | 96,000 | 5,000 | 372,000 | 3,000 | 5,000 | 5,000 | 14,000 | 14,000 | 11,000 | 15,000 | 17,000 | 17,000 | 19,000 | 20,000 | 26,000 | 23,000 | 34,000 | 29,000 | 30,000 | 30,000 | 32,000 | 46,000 | 165,000 | 156,000 | 79,000 | 57,000 | 12,000 | 2,000 | 16,000 | 4,000 | 3,000 | |||||||||||||||||||||||||||
interest expense | -35,885,000 | -34,343,000 | -31,670,000 | -33,618,000 | -32,529,000 | -31,671,000 | -28,705,000 | -27,372,000 | -25,421,000 | -25,350,000 | -23,753,000 | -22,860,000 | -22,612,000 | -21,708,000 | -21,155,000 | -17,896,000 | -17,259,000 | -17,107,000 | -15,746,000 | -15,273,000 | -15,358,000 | -16,218,000 | -15,928,000 | -15,333,000 | -14,864,000 | -15,567,000 | -14,053,000 | -12,193,000 | -12,834,000 | -13,215,000 | -12,698,000 | -11,505,000 | -11,386,000 | -10,912,000 | -10,446,000 | -10,634,000 | -10,477,000 | -11,082,000 | -10,504,000 | -10,490,000 | -10,847,000 | -9,838,000 | -9,317,000 | -8,933,000 | -8,010,000 | -7,168,000 | -6,462,000 | |||||||||||
gain on involuntary conversion | 1,855,000 | 2,558,000 | 3,568,000 | 5,717,000 | 1,500,000 | 657,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sales of rental property | 15,099,000 | 35,949,000 | 2,196,000 | 5,692,000 | 8,992,000 | 195,000 | 23,086,000 | 4,757,000 | 11,683,000 | 17,532,000 | 20,128,000 | -12,000 | 33,168,000 | 376,000 | 23,955,000 | 62,933,000 | 22,662,000 | 5,976,000 | 6,409,000 | 78,869,000 | 9,060,000 | 1,045,000 | 46,759,000 | 4,131,000 | 1,670,000 | 317,000 | 1,274,000 | 39,935,000 | 3,239,000 | 6,348,000 | 22,689,000 | 5,017,000 | 17,563,000 | 1,337,000 | 325,000 | 40,234,000 | 643,000 | 3,273,000 | 17,673,000 | |||||||||||||||||||
total other income | -20,690,000 | 1,611,000 | -30,605,000 | -27,923,000 | 19,244,000 | -20,116,000 | -24,964,000 | 1,445,000 | -26,077,000 | -20,578,000 | -12,053,000 | -5,311,000 | -2,465,000 | -21,700,000 | 11,201,000 | -17,497,000 | 6,730,000 | 44,382,000 | 6,946,000 | -9,267,000 | -9,596,000 | 62,697,000 | -5,203,000 | -14,309,000 | 31,974,000 | -11,379,000 | -12,371,000 | -11,874,000 | -11,544,000 | 26,724,000 | -9,469,000 | -5,157,000 | 11,303,000 | -5,893,000 | 7,106,000 | -9,296,000 | -10,147,000 | 27,866,000 | -9,858,000 | -8,054,000 | 5,695,000 | -6,563,000 | -7,602,000 | -8,931,000 | -8,007,000 | -7,204,000 | -4,355,000 | |||||||||||
net income | 63,314,000 | 85,196,000 | 49,649,000 | 51,063,000 | 93,362,000 | 52,008,000 | 42,731,000 | 61,074,000 | 37,453,000 | 42,628,000 | 51,168,000 | 52,797,000 | 50,608,000 | 30,444,000 | 64,718,000 | 33,084,000 | 53,988,000 | 88,118,000 | 49,583,000 | 33,383,000 | 25,348,000 | 98,232,000 | 24,209,000 | 19,316,000 | 65,038,000 | 17,916,000 | 11,190,000 | 14,170,000 | 7,389,000 | 47,256,000 | 8,876,000 | 14,964,000 | 25,149,000 | 8,924,000 | 21,839,000 | 1,368,000 | 69,000 | 34,660,000 | -401,000 | -10,472,000 | 11,801,000 | -20,134,000 | -4,680,000 | -5,228,000 | -1,427,000 | -2,644,000 | 251,000 | -2,666,000 | -418,000 | 294,000 | -184,000 | -418,000 | -4,916,000 | -1,528,000 | -1,361,000 | -572,000 | -5,899,000 | -5,899,000 |
yoy | -32.18% | 63.81% | 16.19% | -16.39% | 149.28% | 22.00% | -16.49% | 15.68% | -25.99% | 40.02% | -20.94% | 59.58% | -6.26% | -65.45% | 30.52% | -0.90% | 112.99% | -10.30% | 104.81% | 72.83% | -61.03% | 448.29% | 116.34% | 36.32% | 780.20% | -62.09% | 26.07% | -5.31% | -70.62% | 429.54% | -59.36% | 993.86% | 36347.83% | -74.25% | -5546.13% | -113.06% | -99.42% | -272.15% | -91.43% | 100.31% | -926.98% | 661.50% | -1964.54% | 96.10% | 241.39% | -999.32% | -236.41% | 537.80% | -91.50% | -119.24% | -86.48% | -26.92% | -16.66% | -74.10% | ||||
qoq | -25.68% | 71.60% | -2.77% | -45.31% | 79.51% | 21.71% | -30.03% | 63.07% | -12.14% | -16.69% | -3.09% | 4.33% | 66.23% | -52.96% | 95.62% | -38.72% | -38.73% | 77.72% | 48.53% | 31.70% | -74.20% | 305.77% | 25.33% | -70.30% | 263.02% | 60.11% | -21.03% | 91.77% | -84.36% | 432.40% | -40.68% | -40.50% | 181.81% | -59.14% | 1496.42% | 1882.61% | -99.80% | -8743.39% | -96.17% | -188.74% | -158.61% | 330.21% | -10.48% | 266.36% | -46.03% | -1153.39% | -109.41% | 537.80% | -242.18% | -259.78% | -55.98% | -91.50% | 221.73% | 12.27% | 137.94% | -90.30% | 0.00% | |
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
less: income attributable to noncontrolling interest in operating partnership | 1,315,000 | 1,716,000 | 1,013,000 | 1,058,000 | 1,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to stag industrial, inc. | 61,999,000 | 83,480,000 | 48,636,000 | 50,005,000 | 91,398,000 | 50,954,000 | 41,856,000 | 59,783,000 | 36,627,000 | 41,733,000 | 50,040,000 | 51,606,000 | 49,466,000 | 29,794,000 | 63,330,000 | 32,376,000 | 52,826,000 | 86,293,000 | 48,516,000 | 32,650,000 | 24,875,000 | 96,055,000 | 23,743,000 | 18,909,000 | 63,440,000 | 17,444,000 | 10,900,000 | 13,762,000 | 7,175,000 | 45,526,000 | 8,595,000 | 14,572,000 | 24,195,000 | 8,656,000 | 21,011,000 | 1,412,000 | 172,000 | 33,086,000 | -185,000 | -9,727,000 | 11,346,000 | -19,019,000 | -4,321,000 | -1,229,000 | -2,414,000 | 341,000 | -2,356,000 | -153,000 | 629,000 | 173,000 | ||||||||
less: amount allocated to participating securities | 38,000 | 41,000 | 42,000 | 42,000 | 58,000 | 44,000 | 45,000 | 46,000 | 47,000 | 53,000 | 53,000 | 53,000 | 53,000 | 57,000 | 59,000 | 59,000 | 62,000 | 69,000 | 72,000 | 74,000 | 73,000 | 67,000 | 68,000 | 68,000 | 79,000 | 78,000 | 78,000 | 79,000 | 79,000 | 67,000 | 69,000 | 69,000 | 71,000 | 84,000 | 84,000 | 83,000 | 83,000 | 95,000 | 95,000 | 95,000 | 100,000 | |||||||||||||||||
net income attributable to common stockholders | 61,961,000 | 83,439,000 | 48,594,000 | 49,963,000 | 91,340,000 | 50,910,000 | 41,811,000 | 59,737,000 | 36,580,000 | 41,680,000 | 49,987,000 | 51,553,000 | 49,413,000 | 29,737,000 | 63,271,000 | 32,317,000 | 52,764,000 | 86,224,000 | 48,444,000 | 32,576,000 | 20,931,000 | 94,699,000 | 22,386,000 | 17,552,000 | 62,072,000 | 16,077,000 | 9,533,000 | 12,394,000 | 5,807,000 | 44,170,000 | 7,237,000 | 9,264,000 | 21,676,000 | 6,123,000 | 18,478,000 | -2,359,000 | 8,334,000 | |||||||||||||||||||||
weighted-average common shares outstanding — basic | 190,996,000 | 186,844,000 | 186,593,000 | 186,535,000 | 186,468,000 | 182,160,000 | 182,027,000 | 181,961,000 | 181,708,000 | 180,221,000 | 180,803,000 | 179,413,000 | 179,196,000 | 178,753,000 | 179,054,000 | 179,049,000 | 177,827,000 | 163,442,000 | 162,652,000 | 159,736,000 | 158,430,000 | 148,791,000 | 148,997,000 | 148,663,000 | 147,570,000 | 125,389,000 | 127,272,000 | 125,251,000 | 114,721,000 | 103,401,000 | 105,783,000 | 100,386,000 | 97,021,000 | 89,537,714,000 | 92,786,852,000 | 81,807,883,000 | 70,637,185,000 | 67,889,217,000 | ||||||||||||||||||||
weighted-average common shares outstanding — diluted | 191,238,000 | 187,174,000 | 186,840,000 | 186,910,000 | 186,758,000 | 182,404,000 | 182,297,000 | 182,185,000 | 181,991,000 | 180,555,000 | 181,163,000 | 179,738,000 | 179,297,000 | 178,940,000 | 179,162,000 | 179,144,000 | 178,065,000 | 164,090,000 | 163,462,000 | 161,367,000 | 159,126,000 | 149,215,000 | 149,905,000 | 149,027,000 | 147,656,000 | 125,678,000 | 127,469,000 | 125,560,000 | 114,993,000 | 103,807,000 | 106,333,000 | 100,733,000 | 97,323,000 | 90,003,559,000 | 93,434,974,000 | 81,807,883,000 | 70,852,548,000 | 67,964,559,000 | ||||||||||||||||||||
net income per share | 0.32 | 0.44 | 0.26 | 0.27 | 0.49 | 0.28 | 0.23 | 0.33 | 0.2 | 0.23 | 0.28 | 0.29 | 0.28 | 0.17 | 0.35 | 0.18 | 0.3 | 0.51 | 0.3 | 0.2 | 0.13 | 0.63 | 0.15 | 0.12 | 0.42 | 0.12 | 0.07 | 0.1 | 0.05 | 0.42 | 0.07 | 0.09 | 0.22 | 0.07 | 0.2 | -0.01 | -0.03 | 0.43 | -0.06 | |||||||||||||||||||
loss on impairment | 888,000 | 4,967,000 | 445,750 | 1,783,000 | 2,645,000 | 3,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment and modification expenses | -1,503,000 | -36,000 | -667,000 | -838,000 | -1,473,000 | -679,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of rental property | 49,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: income attributable to noncontrolling interest | 748,000 | 875,000 | 1,291,000 | 826,000 | 865,250 | 1,128,000 | 1,191,000 | 1,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
less: income attributable to noncontrolling interest after preferred stock dividends | 650,000 | 1,388,000 | 708,000 | 1,162,000 | 1,825,000 | 1,067,000 | 733,000 | 473,000 | 2,177,000 | 466,000 | 407,000 | 1,598,000 | 472,000 | 290,000 | 408,000 | 214,000 | 1,730,000 | 281,000 | 392,000 | 954,000 | 268,000 | 828,000 | -103,000 | 455,000 | ||||||||||||||||||||||||||||||||||
less: preferred stock dividends | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 1,289,000 | 2,578,000 | 2,448,000 | 2,449,000 | 2,449,000 | 2,448,000 | 2,448,000 | 2,983,000 | 4,001,000 | 4,001,000 | 2,912,000 | 2,712,000 | 2,712,000 | 2,712,000 | 2,712,000 | 2,712,000 | 2,712,000 | 2,712,000 | 1,553,000 | 2,712,000 | 2,519,000 | 1,553,000 | 1,553,000 | 1,553,000 | 1,553,000 | |||||||||||||||||||||||
less: redemption of preferred stock | 2,582,000 | 2,661,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairments | 2,405,000 | 3,172,000 | 4,413,000 | 5,344,000 | 3,248,000 | 2,934,000 | 5,614,000 | 11,231,000 | 20,894,000 | 5,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -834,000 | -13,000 | -13,000 | -2,000 | -1,288,000 | -839,000 | -1,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
tenant recoveries | 14,596,000 | 13,518,000 | 12,726,000 | 13,199,000 | 12,053,000 | 12,366,000 | 10,401,000 | 10,185,000 | 10,300,000 | 8,911,000 | 8,454,000 | 9,442,000 | 8,531,000 | 8,063,000 | 7,485,000 | 7,587,000 | 6,513,000 | 5,399,000 | 6,279,000 | 3,658,000 | 4,285,000 | 3,480,000 | 3,665,000 | 2,135,000 | 2,091,000 | 2,057,000 | 1,438,000 | 1,073,000 | 1,073,000 | |||||||||||||||||||||||||||||
property acquisition costs | 702,000 | 1,386,000 | 2,558,000 | 740,000 | 1,454,000 | 1,978,000 | 583,000 | 552,000 | 2,246,000 | 1,006,000 | 1,187,000 | 318,000 | 953,000 | 2,190,000 | 688,000 | 575,000 | 986,000 | 1,269,000 | 575,000 | 1,067,000 | 1,149,000 | 293,000 | 368,000 | 327,000 | 327,000 | |||||||||||||||||||||||||||||||||
loss on involuntary conversion | 82,500 | 330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 2,000 | 2,000 | 3,000 | 5,000 | 2,000 | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 2,000 | 3,000 | 4,000 | 3,000 | 4,000 | 3,000 | 3,000 | 3,000 | 3,000 | 9,000 | 4,000 | 4,000 | 6,000 | 9,000 | 9,000 | |||||||||||||||||||||||||||||||||
less: loss attributable to noncontrolling interest after preferred stock dividends | -44,000 | -126,250 | -216,000 | -745,000 | -1,115,000 | -359,000 | -397,000 | -198,000 | -230,000 | -90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -1,119,000 | -2,442,500 | -4,281,000 | -13,823,000 | -21,825,000 | -7,128,000 | -7,638,000 | -4,042,000 | -2,501,250 | -2,458,000 | -5,151,000 | -1,775,000 | -2,147,000 | -2,410,000 | -1,775,000 | -5,262,000 | -2,235,000 | |||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding — basic and diluted | 88,181,117,000 | 71,130,848,000 | 67,910,361,000 | 66,307,972,000 | 67,799,700,000 | 65,285,388,000 | 64,286,213,000 | 54,086,345,000 | 55,354,125,000 | 52,865,801,000 | 40,514,942,000 | 42,753,722,000 | 42,006,954,000 | 40,514,942,000 | 29,752,057,000 | 15,153,646,000 | 15,153,646,000 | |||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | -10,472,000 | 11,801,000 | -20,134,000 | -4,680,000 | -5,228,000 | -1,427,000 | -2,644,000 | 251,000 | -2,666,000 | -547,000 | 294,000 | -686,000 | -418,000 | -4,916,000 | -1,669,000 | -1,361,000 | ||||||||||||||||||||||||||||||||||||||||||
loss per share — basic and diluted | -0.2 | -0.32 | -0.11 | -0.12 | -0.06 | -0.08 | -0.04 | -0.1 | -0.04 | -0.05 | -0.06 | -0.04 | -0.18 | -0.11 | -0.12 | -0.02 | ||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations attributable to common stockholders | -0.2 | -0.32 | -0.11 | -0.12 | -0.06 | -0.05 | -0.04 | -0.1 | -0.04 | -0.05 | -0.07 | -0.04 | -0.18 | |||||||||||||||||||||||||||||||||||||||||||||
income per share — basic and diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common stockholders - basic | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common stockholders - diluted | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of rental property | 3,273,000 | 1,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: amount allocated to unvested restricted stockholders | 94,000 | 95,000 | 95,000 | 101,000 | 87,000 | 87,000 | 83,000 | 69,000 | 64,000 | 64,000 | 69,000 | 41,000 | 41,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on sale of rental property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to stag industrial, inc. | -4,831,000 | -153,000 | -3,668,000 | -641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of real estate | 538,250 | 2,104,000 | 464,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to discontinued operations | 129,000 | 38,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total income attributable to discontinued operations | 129,000 | 502,000 | 141,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations attributable to common stockholders | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate taxes and insurance | 5,412,000 | 2,628,000 | 3,622,000 | 3,263,000 | 2,636,000 | 1,677,000 | 1,705,000 | 1,468,000 | 1,314,000 | 918,000 | 918,000 | |||||||||||||||||||||||||||||||||||||||||||||||
offering costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on interest rate swaps | 215,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairment attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: loss attributable to noncontrolling interest | -887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total loss attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset management fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
formation transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.27 | 0.27 | 0.26 | 0.26 | 0.206 | 0.206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average common shares outstanding — basic and diluted | 19,484,785,000 | 15,824,627,000 | 15,815,282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations attributable to the common stockholders | -0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to the common stockholders | -1,942,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain (loss) on interest rate swaps | 770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest | -188,000 | -1,996,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to the company | -384,000 | -3,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share — basic and diluted | -0.26 | -0.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | -1,996,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | -3,903,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental property: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 815,587,000 | 811,569,000 | 793,164,000 | 782,046,000 | 776,387,000 | 771,794,000 | 739,975,000 | 716,613,000 | 700,199,000 | 698,633,000 | 691,155,000 | 652,173,000 | 645,477,000 | 647,098,000 | 647,379,000 | 636,274,000 | 626,385,000 | 617,297,000 | 560,434,000 | 510,413,000 | 500,947,000 | 492,783,000 | 447,356,000 | 444,489,000 | 443,427,000 | 435,923,000 | 420,215,000 | 397,193,000 | 377,530,000 | 364,023,000 | 355,590,000 | 342,722,000 | 324,734,000 | 321,560,000 | 321,365,000 | 310,753,000 | 281,756,000 | 272,162,000 | 254,909,000 | 234,785,000 | 229,288,000 | 228,919,000 | 219,775,000 | 213,732,000 | 202,930,000 | 191,238,000 | 169,808,000 | 145,931,000 | 138,713,000 | 126,685,000 | 121,797,000 | 109,116,000 | 90,337,000 | 81,501,000 | 74,763,000 | 67,404,000 | 59,481,000 | 25,086,000 |
buildings and improvements, net of accumulated depreciation of 1,165,447 and 1,119,931, respectively | 5,617,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 444,797 and 425,502, respectively | 383,337,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total rental property | 6,816,671,000 | 6,800,007,000 | 6,571,158,000 | 6,500,090,000 | 6,500,605,000 | 6,495,779,000 | 6,207,679,000 | 6,120,464,000 | 5,981,469,000 | 5,972,877,000 | 5,952,718,000 | 5,800,022,000 | 5,812,101,000 | 5,862,778,000 | 5,891,113,000 | 5,798,149,000 | 5,723,377,000 | 5,620,698,000 | 4,992,049,000 | 4,623,908,000 | 4,556,845,000 | 4,525,193,000 | 4,050,955,000 | 4,038,197,000 | 4,072,781,000 | 3,998,507,000 | 3,622,936,000 | 3,353,072,000 | 3,118,516,000 | 2,991,701,000 | 2,886,079,000 | 2,732,031,000 | 2,588,354,000 | 2,567,577,000 | 2,520,630,000 | 2,433,656,000 | 2,178,639,000 | 2,116,836,000 | 1,972,049,000 | 1,830,930,000 | 1,821,757,000 | 1,837,489,000 | 1,756,178,000 | 1,684,040,000 | 1,628,245,000 | 1,310,176,000 | 1,214,437,000 | 1,087,929,000 | 1,030,178,000 | 942,376,000 | 885,344,000 | 811,808,000 | 613,908,000 | 548,624,000 | 498,931,000 | 444,303,000 | 402,965,000 | 189,539,000 |
cash and cash equivalents | 8,856,000 | 14,910,000 | 17,319,000 | 15,379,000 | 9,327,000 | 36,284,000 | 70,036,000 | 33,273,000 | 12,423,000 | 20,741,000 | 10,944,000 | 13,511,000 | 17,210,000 | 25,884,000 | 13,369,000 | 12,614,000 | 34,830,000 | 18,981,000 | 42,001,000 | 14,588,000 | 18,579,000 | 15,666,000 | 70,137,000 | 102,097,000 | 324,877,000 | 9,041,000 | 6,540,000 | 5,092,000 | 7,857,000 | 7,968,000 | 6,024,000 | 11,932,000 | 10,455,000 | 24,562,000 | 11,040,000 | 7,676,000 | 7,082,000 | 12,192,000 | 12,273,000 | 8,005,000 | 15,469,000 | 12,011,000 | 12,496,000 | 11,530,000 | 11,688,000 | 23,878,000 | 5,290,000 | 6,031,000 | 28,726,000 | 23,909,000 | 19,763,000 | 11,980,000 | 10,684,000 | 5,113,000 | 18,462,000 | 11,988,000 | 13,307,000 | 954,000 |
restricted cash | 30,298,000 | 85,973,000 | 1,110,000 | 20,466,000 | 38,726,000 | 1,109,000 | 1,108,000 | 1,247,000 | 667,000 | 1,127,000 | 1,086,000 | 1,023,000 | 963,000 | 905,000 | 1,082,000 | 3,233,000 | 3,175,000 | 4,215,000 | 4,172,000 | 3,927,000 | 3,738,000 | 4,673,000 | 4,623,000 | 12,505,000 | 16,506,000 | 2,823,000 | 2,733,000 | 4,503,000 | 4,451,000 | 14,574,000 | 5,231,000 | 6,124,000 | 7,259,000 | 3,567,000 | 3,547,000 | 8,783,000 | 8,720,000 | 9,613,000 | 9,325,000 | 14,566,000 | 8,403,000 | 8,395,000 | 8,540,000 | 7,959,000 | 7,233,000 | 6,906,000 | 6,668,000 | 6,525,000 | 6,813,000 | 6,810,000 | 9,274,000 | 7,540,000 | 5,768,000 | 10,026,000 | 8,219,000 | 7,311,000 | 5,637,000 | 3,112,000 |
tenant accounts receivable | 161,353,000 | 156,458,000 | 144,996,000 | 138,936,000 | 141,919,000 | 136,357,000 | 128,366,000 | 125,172,000 | 128,797,000 | 128,274,000 | 120,813,000 | 112,334,000 | 116,767,000 | 115,509,000 | 103,231,000 | 100,500,000 | 98,320,000 | 93,600,000 | 88,023,000 | 83,262,000 | 79,956,000 | 77,796,000 | 66,761,000 | 65,122,000 | 62,144,000 | 57,592,000 | 50,460,000 | 45,871,000 | 44,928,000 | 42,236,000 | 39,170,000 | 35,236,000 | 34,013,000 | 33,602,000 | 30,591,000 | 26,695,000 | 26,555,000 | 25,223,000 | 23,302,000 | 21,702,000 | 22,425,000 | 21,478,000 | 20,475,000 | 19,407,000 | 18,554,000 | 16,833,000 | 15,371,000 | 14,387,000 | 13,978,000 | 12,911,000 | 10,949,000 | 10,373,000 | 7,100,000 | 6,210,000 | 5,710,000 | 4,808,000 | 4,229,000 | 3,678,000 |
prepaid expenses and other assets | 111,143,000 | 104,484,000 | 109,705,000 | 100,464,000 | 100,387,000 | 96,189,000 | 101,922,000 | 80,855,000 | 84,087,000 | 80,455,000 | 83,520,000 | 76,767,000 | 78,567,000 | 71,733,000 | 77,815,000 | 66,903,000 | 64,308,000 | 60,953,000 | 63,340,000 | 51,639,000 | 44,841,000 | 43,471,000 | 49,157,000 | 39,347,000 | 37,312,000 | 38,231,000 | 46,707,000 | 36,919,000 | 42,503,000 | 36,902,000 | 35,122,000 | 28,699,000 | 29,776,000 | 25,364,000 | 27,721,000 | 24,611,000 | 26,224,000 | 20,821,000 | 24,978,000 | 20,741,000 | 26,896,000 | 24,996,000 | 26,518,000 | 24,810,000 | 26,397,000 | 22,531,000 | 21,656,000 | 4,687,000 | 4,987,000 | 3,590,000 | 3,268,000 | 3,657,000 | 5,706,000 | 1,954,000 | 1,490,000 | 1,817,000 | 1,954,000 | 573,000 |
interest rate swaps | 15,578,000 | 13,529,000 | 16,945,000 | 19,703,000 | 26,261,000 | 36,466,000 | 29,016,000 | 54,510,000 | 57,532,000 | 50,418,000 | 76,891,000 | 72,016,000 | 56,203,000 | 72,223,000 | 77,508,000 | 37,899,000 | 27,696,000 | 5,220,000 | 2,055,000 | 1,704,000 | 3,592,000 | 303,000 | 488,000 | 983,000 | 5,214,000 | 9,151,000 | 17,649,000 | 15,596,000 | 12,577,000 | 6,079,000 | 2,270,000 | 1,701,000 | 2,378,000 | 1,471,000 | 1,867,000 | 1,897,000 | 111,000 | 959,000 | 2,192,000 | 1,077,000 | 2,940,000 | 2,282,000 | 3,186,000 | 469,000 | 577,000 | 1,123,000 | 1,893,000 | |||||||||||
operating lease right-of-use assets | 32,155,000 | 32,708,000 | 29,756,000 | 30,110,000 | 30,634,000 | 31,151,000 | 28,105,000 | 28,598,000 | 29,085,000 | 29,566,000 | 30,042,000 | 30,513,000 | 30,843,000 | 31,313,000 | 31,778,000 | 32,237,000 | 29,151,000 | 29,582,000 | 24,382,000 | 24,634,000 | 25,016,000 | 25,403,000 | 24,124,000 | 22,168,000 | 22,528,000 | 15,129,000 | 15,425,000 | 15,717,000 | 16,005,000 | |||||||||||||||||||||||||||||
assets held for sale | 7,512,000 | 6,091,000 | 3,183,000 | 4,643,000 | 57,773,000 | 2,737,000 | 444,000 | 1,157,000 | 43,019,000 | 1,509,000 | 13,498,000 | 19,916,000 | 5,673,000 | 3,561,000 | 1,607,000 | 6,617,000 | 6,617,000 | 2,996,000 | ||||||||||||||||||||||||||||||||||||||||
total assets | 7,183,566,000 | 7,208,069,000 | 6,897,080,000 | 6,825,148,000 | 6,847,859,000 | 6,833,335,000 | 6,566,232,000 | 6,444,119,000 | 6,294,060,000 | 6,283,458,000 | 6,276,014,000 | 6,106,186,000 | 6,115,837,000 | 6,184,988,000 | 6,195,896,000 | 6,109,308,000 | 5,980,857,000 | 5,833,249,000 | 5,216,022,000 | 4,806,399,000 | 4,732,567,000 | 4,692,646,000 | 4,265,757,000 | 4,279,436,000 | 4,537,305,000 | 4,164,645,000 | 3,745,289,000 | 3,462,157,000 | 3,239,474,000 | 3,102,532,000 | 2,989,275,000 | 2,831,127,000 | 2,695,932,000 | 2,680,667,000 | 2,601,472,000 | 2,506,683,000 | 2,251,205,000 | 2,186,156,000 | 2,048,544,000 | 1,902,561,000 | 1,897,946,000 | 1,906,236,000 | 1,824,207,000 | 1,749,742,000 | 1,692,349,000 | 1,629,317,000 | 1,500,990,000 | 1,350,153,000 | 1,312,940,000 | 1,213,152,000 | 1,149,046,000 | 1,049,003,000 | 803,911,000 | 709,803,000 | 657,205,000 | 580,946,000 | 531,619,000 | 208,895,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured credit facility | 200,000,000 | 262,000,000 | 110,000,000 | 51,000,000 | 512,000,000 | 409,000,000 | 256,000,000 | 127,000,000 | 435,000,000 | 402,000,000 | 325,000,000 | 216,000,000 | 235,000,000 | 175,000,000 | 136,000,000 | 116,000,000 | 384,000,000 | 296,000,000 | 49,000,000 | 284,000,000 | 233,000,000 | 107,000,000 | 225,000,000 | 146,000,000 | 78,000,000 | 129,000,000 | 115,500,000 | 100,500,000 | 95,000,000 | 17,000,000 | 218,000,000 | 271,000,000 | 245,000,000 | 130,000,000 | 71,000,000 | 28,000,000 | 129,000,000 | 64,000,000 | 6,000,000 | 56,000,000 | 177,750,000 | 87,000,000 | 73,000,000 | 131,000,000 | 106,000,000 | 35,500,000 | 22,000,000 | 20,000,000 | 20,000,000 | 12,000,000 | ||||||||
unsecured term loans | 1,021,630,000 | 1,021,341,000 | 1,021,045,000 | 1,022,522,000 | 1,022,185,000 | 1,021,848,000 | 1,021,513,000 | 1,021,175,000 | 1,020,837,000 | 1,021,773,000 | 1,021,439,000 | 1,021,106,000 | 1,020,772,000 | 1,020,440,000 | 1,020,104,000 | 971,272,000 | 970,925,000 | 970,577,000 | 971,274,000 | 970,930,000 | 970,572,000 | 971,111,000 | 970,696,000 | 970,282,000 | 971,701,000 | 871,375,000 | 771,037,000 | 596,879,000 | 596,642,000 | 596,360,000 | 596,085,000 | 521,745,000 | 521,506,000 | 446,265,000 | 446,066,000 | 446,954,000 | 446,766,000 | 446,608,000 | 297,032,000 | 296,922,000 | 299,779,000 | 300,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 250,000,000 | 225,000,000 | 175,000,000 | ||||||
unsecured notes | 1,967,381,000 | 1,966,994,000 | 1,966,606,000 | 1,966,291,000 | 1,494,303,000 | 1,594,092,000 | 1,643,821,000 | 1,643,538,000 | 1,195,941,000 | 1,195,872,000 | 1,195,694,000 | 1,195,790,000 | 1,195,619,000 | 1,295,442,000 | 1,295,253,000 | 1,295,064,000 | 897,058,000 | 896,941,000 | 896,809,000 | 573,390,000 | 573,377,000 | 573,281,000 | 573,181,000 | 573,082,000 | 572,982,000 | 572,883,000 | 572,783,000 | 572,684,000 | 572,587,000 | 572,488,000 | 572,389,000 | 572,293,000 | 398,226,000 | 398,234,000 | 398,168,000 | 398,101,000 | 398,033,000 | 397,966,000 | 397,909,000 | 397,843,000 | 399,384,000 | 400,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 180,000,000 | 50,000,000 | |||||||||||
mortgage note | 3,926,000 | 3,980,000 | 4,035,000 | 4,089,000 | 4,142,000 | 4,195,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 127,629,000 | 135,397,000 | 154,515,000 | 117,823,000 | 120,744,000 | 126,811,000 | 139,879,000 | 98,828,000 | 80,489,000 | 83,152,000 | 100,632,000 | 91,994,000 | 94,122,000 | 97,371,000 | 109,482,000 | 84,379,000 | 72,726,000 | 76,475,000 | 82,605,000 | 65,269,000 | 60,600,000 | 69,765,000 | 74,619,000 | 58,783,000 | 55,404,000 | 53,737,000 | 63,572,000 | 49,911,000 | 41,381,000 | 45,507,000 | 53,445,000 | 45,381,000 | 38,294,000 | 43,216,000 | 54,539,000 | 37,547,000 | 30,639,000 | 35,389,000 | 34,994,000 | 29,666,000 | 28,139,000 | 25,662,000 | 29,849,000 | 23,778,000 | 17,543,000 | 21,558,000 | 24,304,000 | 17,386,000 | 12,819,000 | 16,158,000 | 12,873,000 | 8,832,000 | 8,179,000 | 5,754,000 | 4,644,000 | 6,003,000 | 3,253,000 | 2,424,000 |
tenant prepaid rent and security deposits | 62,546,000 | 59,225,000 | 55,065,000 | 54,445,000 | 60,320,000 | 56,173,000 | 47,056,000 | 44,876,000 | 45,795,000 | 44,238,000 | 42,171,000 | 44,354,000 | 44,142,000 | 40,847,000 | 38,019,000 | 37,549,000 | 36,062,000 | 37,138,000 | 32,408,000 | 30,732,000 | 27,522,000 | 27,844,000 | 23,413,000 | 24,542,000 | 21,552,000 | 21,993,000 | 21,131,000 | 21,220,000 | 21,254,000 | 22,153,000 | 19,328,000 | 21,436,000 | 21,876,000 | 19,045,000 | 18,765,000 | 19,305,000 | 17,537,000 | 15,195,000 | 15,146,000 | 14,535,000 | 13,318,000 | 14,628,000 | 13,208,000 | 12,085,000 | 11,644,000 | 11,480,000 | 10,005,000 | 10,040,000 | 9,070,000 | 7,956,000 | 7,115,000 | 6,808,000 | 3,970,000 | 4,630,000 | 4,298,000 | 3,912,000 | 3,538,000 | |
dividends and distributions payable | 75,631,000 | 24,187,000 | 23,669,000 | 23,668,000 | 23,668,000 | 23,469,000 | 22,937,000 | 22,936,000 | 22,936,000 | 22,726,000 | 22,726,000 | 22,515,000 | 22,484,000 | 22,282,000 | 22,282,000 | 22,282,000 | 22,282,000 | 21,906,000 | 20,932,000 | 19,803,000 | 19,657,000 | 19,379,000 | 18,302,000 | 18,301,000 | 18,301,000 | 17,465,000 | 16,293,000 | 16,822,000 | 15,846,000 | 13,754,000 | 14,530,000 | 15,396,000 | 14,460,000 | 11,880,000 | 11,516,000 | 11,153,000 | 10,149,000 | 9,728,000 | 8,814,000 | 8,327,000 | 8,527,000 | 8,234,000 | 8,228,000 | 8,032,000 | 7,696,000 | 7,355,000 | 6,565,000 | 6,003,000 | 5,818,000 | 15,285,000 | 17,259,000 | 16,122,000 | 12,772,000 | 10,287,000 | 6,159,000 | |||
deferred leasing intangibles, net of accumulated amortization of 35,894 and 34,098, respectively | 23,597,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 36,542,000 | 37,040,000 | 34,039,000 | 34,357,000 | 34,833,000 | 35,304,000 | 32,217,000 | 32,683,000 | 33,133,000 | 33,577,000 | 34,016,000 | 34,429,000 | 34,692,000 | 35,100,000 | 35,501,000 | 35,894,000 | 32,725,000 | 33,108,000 | 27,859,000 | 27,838,000 | 27,717,000 | 27,898,000 | 26,414,000 | 24,279,000 | 24,464,000 | 16,989,000 | 17,259,000 | 17,525,000 | 17,786,000 | |||||||||||||||||||||||||||||
total liabilities | 3,519,342,000 | 3,537,040,000 | 3,397,124,000 | 3,304,489,000 | 3,304,207,000 | 3,304,227,000 | 3,201,892,000 | 3,028,789,000 | 2,870,840,000 | 2,837,647,000 | 2,780,651,000 | 2,662,327,000 | 2,685,017,000 | 2,726,807,000 | 2,699,182,000 | 2,652,813,000 | 2,505,978,000 | 2,439,662,000 | 2,195,019,000 | 2,089,497,000 | 2,034,451,000 | 1,921,594,000 | 1,809,793,000 | 1,799,119,000 | 2,020,191,000 | 1,800,754,000 | 1,640,334,000 | 1,498,905,000 | 1,464,633,000 | 1,432,900,000 | 1,428,478,000 | 1,341,500,000 | 1,290,933,000 | 1,270,360,000 | 1,256,749,000 | 1,214,553,000 | 1,147,235,000 | 1,119,230,000 | 1,114,602,000 | 1,042,163,000 | 994,436,000 | 1,050,857,000 | 929,271,000 | 820,006,000 | 798,297,000 | 737,793,000 | 726,880,000 | 600,258,000 | 581,912,000 | 543,087,000 | 497,239,000 | 462,927,000 | 304,905,000 | 317,435,000 | 355,958,000 | 327,925,000 | 272,087,000 | 219,014,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.01 per share... | 69,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, par value 0.01 per share... | 1,912,000 | 1,910,000 | 1,867,000 | 1,867,000 | 1,866,000 | 1,865,000 | 1,822,000 | 1,821,000 | 1,821,000 | 1,817,000 | 1,815,000 | 1,797,000 | 1,794,000 | 1,792,000 | 1,792,000 | 1,792,000 | 1,792,000 | 1,777,000 | 1,697,000 | 1,603,000 | 1,591,000 | 1,582,000 | 1,492,000 | 1,489,000 | 1,487,000 | 1,428,000 | 1,330,000 | 1,264,000 | 1,182,000 | 1,122,000 | 1,078,000 | 1,042,000 | 972,000 | 970,000 | 939,000 | 914,000 | 833,000 | 804,000 | 725,000 | 682,000 | 682,000 | 681,000 | 681,000 | 679,000 | 649,000 | 644,000 | 572,000 | 551,000 | 482,000 | 440,000 | 422,000 | 422,000 | ||||||
additional paid-in capital | 4,616,147,000 | 4,616,888,000 | 4,456,453,000 | 4,452,472,000 | 4,448,147,000 | 4,449,964,000 | 4,281,290,000 | 4,276,498,000 | 4,273,183,000 | 4,272,376,000 | 4,266,758,000 | 4,201,551,000 | 4,188,960,000 | 4,188,677,000 | 4,184,839,000 | 4,182,165,000 | 4,179,361,000 | 4,130,038,000 | 3,796,275,000 | 3,486,942,000 | 3,443,787,000 | 3,421,721,000 | 3,155,271,000 | 3,148,163,000 | 3,142,495,000 | 2,970,553,000 | 2,687,118,000 | 2,501,013,000 | 2,266,695,000 | 2,118,179,000 | 2,003,983,000 | 1,905,002,000 | 1,724,627,000 | 1,725,825,000 | 1,638,309,000 | 1,572,943,000 | 1,360,951,000 | 1,293,706,000 | 1,117,045,000 | 1,018,105,000 | 1,016,764,000 | 1,017,394,000 | 1,015,127,000 | 1,010,379,000 | 949,467,000 | 928,242,000 | 783,518,000 | 744,248,000 | 646,844,000 | 562,511,000 | 527,977,000 | 524,843,000 | 408,834,000 | 282,669,000 | 179,076,000 | 181,364,000 | 177,906,000 | |
cumulative dividends in excess of earnings | -1,047,089,000 | -1,034,954,000 | -1,048,331,000 | -1,027,416,000 | -1,007,891,000 | -1,029,757,000 | -1,012,760,000 | -987,218,000 | -979,629,000 | -948,720,000 | -923,706,000 | -907,061,000 | -892,676,000 | -876,145,000 | -840,521,000 | -838,437,000 | -805,400,000 | -792,332,000 | -815,449,000 | -804,113,000 | -778,727,000 | -742,071,000 | -782,037,000 | -750,770,000 | -714,799,000 | -723,027,000 | -690,324,000 | -653,759,000 | -621,225,000 | -584,979,000 | -589,785,000 | -559,312,000 | ||||||||||||||||||||||||||
accumulated other comprehensive income | 14,697,000 | 11,853,000 | 15,236,000 | 17,954,000 | 24,829,000 | 35,579,000 | 25,320,000 | 53,228,000 | 56,127,000 | 49,207,000 | 75,086,000 | 70,313,000 | 54,849,000 | 70,500,000 | 75,663,000 | 36,895,000 | 24,652,000 | -18,426,000 | -24,030,000 | -17,771,000 | -2,253,000 | 4,481,000 | 16,485,000 | 14,492,000 | 11,581,000 | 3,936,000 | 97,000 | -489,000 | 1,627,000 | 489,000 | 2,504,000 | 1,906,000 | 2,806,000 | |||||||||||||||||||||||||
total stockholders’ equity | 3,585,667,000 | 3,595,697,000 | 3,425,225,000 | 3,444,877,000 | 3,466,951,000 | 3,457,651,000 | 3,295,672,000 | 3,344,329,000 | 3,351,502,000 | 3,374,680,000 | 3,419,953,000 | 3,366,600,000 | 3,352,927,000 | 3,384,824,000 | 3,421,773,000 | 3,382,415,000 | 3,400,405,000 | 3,327,700,000 | 2,959,622,000 | 2,657,690,000 | 2,638,508,000 | 2,716,207,000 | 2,404,671,000 | 2,424,045,000 | 2,456,323,000 | 2,305,528,000 | 2,049,094,000 | 1,905,747,000 | 1,719,399,000 | 1,613,803,000 | 1,506,761,000 | 1,436,224,000 | 1,351,923,000 | 1,359,040,000 | 1,293,961,000 | 1,242,320,000 | 1,064,119,000 | 1,027,036,000 | 899,561,000 | 827,108,000 | 867,998,000 | 820,102,000 | 858,230,000 | 891,258,000 | 855,808,000 | 864,156,000 | 747,866,000 | 728,377,000 | 655,086,000 | 598,160,000 | 579,807,000 | 518,521,000 | 429,840,000 | 318,494,000 | ||||
noncontrolling interest in operating partnership | 74,567,000 | 71,342,000 | 71,078,000 | 72,447,000 | 74,302,000 | 69,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in joint ventures | 3,990,000 | 3,990,000 | 3,653,000 | 3,335,000 | 2,399,000 | 1,525,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 3,664,224,000 | 3,671,029,000 | 3,499,956,000 | 3,520,659,000 | 3,543,652,000 | 3,529,108,000 | 3,364,340,000 | 3,415,330,000 | 3,423,220,000 | 3,445,811,000 | 3,495,363,000 | 3,443,859,000 | 3,430,820,000 | 3,458,181,000 | 3,496,714,000 | 3,456,495,000 | 3,474,879,000 | 3,393,587,000 | 3,021,003,000 | 2,716,902,000 | 2,698,116,000 | 2,771,052,000 | 2,455,964,000 | 2,480,317,000 | 2,517,114,000 | 2,363,891,000 | 2,104,955,000 | 1,963,252,000 | 1,774,841,000 | 1,669,632,000 | 1,560,797,000 | 1,489,627,000 | 1,404,999,000 | 1,410,307,000 | 1,344,723,000 | 1,292,130,000 | 1,103,970,000 | 1,066,926,000 | 933,942,000 | 860,398,000 | 903,510,000 | 855,379,000 | 894,936,000 | 929,736,000 | 894,052,000 | 891,524,000 | 774,110,000 | 749,895,000 | 731,028,000 | 670,065,000 | 651,807,000 | 586,076,000 | 499,006,000 | 301,247,000 | 253,021,000 | 259,532,000 | ||
total liabilities and equity | 7,183,566,000 | 7,208,069,000 | 6,897,080,000 | 6,825,148,000 | 6,847,859,000 | 6,833,335,000 | 6,566,232,000 | 6,444,119,000 | 6,294,060,000 | 6,283,458,000 | 6,276,014,000 | 6,106,186,000 | 6,115,837,000 | 6,184,988,000 | 6,195,896,000 | 6,109,308,000 | 5,980,857,000 | 5,833,249,000 | 5,216,022,000 | 4,806,399,000 | 4,732,567,000 | 4,692,646,000 | 4,265,757,000 | 4,279,436,000 | 4,537,305,000 | 4,164,645,000 | 3,745,289,000 | 3,462,157,000 | 3,239,474,000 | 3,102,532,000 | 2,989,275,000 | 2,831,127,000 | 2,695,932,000 | 2,680,667,000 | 2,601,472,000 | 2,506,683,000 | 2,251,205,000 | 2,186,156,000 | 2,048,544,000 | 1,902,561,000 | 1,897,946,000 | 1,906,236,000 | 1,824,207,000 | 1,749,742,000 | 1,692,349,000 | 1,629,317,000 | 1,500,990,000 | 1,350,153,000 | 1,312,940,000 | 1,213,152,000 | 1,149,046,000 | 1,049,003,000 | 803,911,000 | 657,205,000 | 580,946,000 | 531,619,000 | ||
buildings and improvements, net of accumulated depreciation of 1,119,931 and 1,085,866, respectively | 5,593,471,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 425,502 and 386,627, respectively | 394,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 34,098 and 31,368, respectively | 25,566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 1,221,545 and 1,085,866, respectively | 5,396,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 426,813 and 386,627, respectively | 381,714,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 35,569 and 31,368, respectively | 26,879,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 1,177,622 and 1,085,866, respectively | 5,325,367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 406,658 and 386,627, respectively | 392,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 33,876 and 31,368, respectively | 29,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 1,129,346 and 1,085,866, respectively | 5,311,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 386,560 and 386,627, respectively | 412,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 31,692 and 31,368, respectively | 31,229,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 1,085,866 and 921,846, respectively | 5,295,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 386,627 and 360,094, respectively | 428,865,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 31,368 and 26,613, respectively | 33,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 1,042,046 and 921,846, respectively | 5,054,195,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 369,301 and 360,094, respectively | 413,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes | 4,247,000 | 4,299,000 | 4,350,000 | 4,401,000 | 7,642,000 | 7,727,000 | 7,813,000 | 7,898,000 | 7,981,000 | 53,635,000 | 54,190,000 | 54,744,000 | 55,446,000 | 55,811,000 | 56,341,000 | 51,898,000 | 52,365,000 | 52,827,000 | 54,289,000 | 54,755,000 | 55,210,000 | 55,659,000 | 56,109,000 | 56,560,000 | 56,993,000 | 57,421,000 | 57,851,000 | 58,282,000 | 58,695,000 | 146,641,000 | 151,452,000 | 163,565,000 | 200,855,000 | 197,919,000 | 214,727,000 | 231,180,000 | 232,568,000 | |||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 29,055 and 26,613, respectively | 31,195,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 68,233,000 | 71,001,000 | 71,718,000 | 71,131,000 | 75,410,000 | 77,259,000 | 77,893,000 | 73,357,000 | 74,941,000 | 74,080,000 | 74,474,000 | 65,887,000 | 61,381,000 | 59,212,000 | 59,608,000 | 54,845,000 | 51,293,000 | 56,272,000 | 60,791,000 | 58,363,000 | 55,861,000 | 57,505,000 | 55,442,000 | 55,829,000 | 54,036,000 | 53,403,000 | 53,076,000 | 51,267,000 | 50,762,000 | 49,810,000 | 39,851,000 | 39,890,000 | 34,381,000 | 33,290,000 | 35,512,000 | 35,277,000 | 36,706,000 | 38,478,000 | 38,244,000 | 27,368,000 | 26,244,000 | 21,518,000 | 75,942,000 | 71,905,000 | 72,000,000 | 67,555,000 | 69,166,000 | 73,874,000 | 77,496,000 | 83,216,000 | 85,370,000 | |||||||
noncontrolling interest in joint venture | 435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 998,633 and 921,846, respectively | 4,982,291,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 364,564 and 360,094, respectively | 421,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 26,796 and 26,613, respectively | 33,454,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 967,141 and 921,846, respectively | 4,859,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 383,967 and 360,094, respectively | 422,153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 28,709 and 26,613, respectively | 32,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 921,846 and 763,128, respectively | 4,838,522,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 360,094 and 328,848, respectively | 435,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 26,613 and 24,593, respectively | 29,908,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 880,562 and 763,128, respectively | 4,803,833,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 380,198 and 328,848, respectively | 457,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 29,599 and 24,593, respectively | 31,331,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 841,488 and 763,128, respectively | 4,684,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 357,435 and 328,848, respectively | 463,569,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 27,467 and 24,593, respectively | 28,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 802,584 and 763,128, respectively | 4,683,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 333,672 and 328,848, respectively | 483,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 25,506 and 24,593, respectively | 30,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 763,128 and 611,867, respectively | 4,706,745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 328,848 and 282,038, respectively | 508,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 24,593 and 21,136, respectively | 32,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 725,035 and 611,867, respectively | 4,711,118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 338,070 and 282,038, respectively | 532,616,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 26,240 and 21,136, respectively | 34,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 682,095 and 611,867, respectively | 4,610,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 311,916 and 282,038, respectively | 551,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 24,066 and 21,136, respectively | 36,084,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 650,370 and 611,867, respectively | 4,535,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 288,640 and 282,038, respectively | 561,267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 22,245 and 21,136, respectively | 33,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 611,867 and 495,348, respectively | 4,435,743,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 282,038 and 258,005, respectively | 567,658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 21,136 and 15,759, respectively | 35,721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, -0- and 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -11,783,000 | -22,901,000 | -26,742,000 | -28,143,000 | -40,025,000 | -45,055,000 | -49,837,000 | -47,860,000 | -1,209,000 | -1,781,000 | -336,000 | -1,496,000 | -15,669,000 | -18,373,000 | -13,567,000 | -2,350,000 | -7,165,000 | -4,302,000 | ||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 582,202 and 495,348, respectively | 3,923,301,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 266,737 and 258,005, respectively | 508,314,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 19,173 and 15,759, respectively | 33,456,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, -0- and 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 552,967 and 495,348, respectively | 3,630,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 260,893 and 258,005, respectively | 482,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 17,510 and 15,759, respectively | 32,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, -0- and 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 524,965 and 495,348, respectively | 3,565,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 264,103 and 258,005, respectively | 490,532,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 16,105 and 15,759, respectively | 33,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, -0- and 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 495,348 and 387,633, respectively | 3,532,608,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 258,005 and 241,304, respectively | 499,802,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 15,759 and 12,064, respectively | 32,762,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2020 and december 31, 2019 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 473,369 and 387,633, respectively | 3,164,553,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 264,262 and 241,304, respectively | 439,046,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 14,176 and 12,064, respectively | 24,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2020 and december 31, 2019 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 446,361 and 387,633, respectively | 3,141,970,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 267,553 and 241,304, respectively | 451,738,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 13,117 and 12,064, respectively | 26,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2020 and december 31, 2019 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 416,654 and 387,633, respectively | 3,155,744,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 256,537 and 241,304, respectively | 473,610,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 13,357 and 12,064, respectively | 27,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2020 and december 31, 2019 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 387,633 and 316,930, respectively | 3,087,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 241,304 and 246,502, respectively | 475,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 12,064 and 12,764, respectively | 26,738,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2019 and december 31, 2018 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 367,088 and 316,930, respectively | 2,788,766,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 241,323 and 246,502, respectively | 413,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 11,259 and 12,764, respectively | 20,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2019 and december 31, 2018 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 344,597 and 316,930, respectively | 2,574,746,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 229,864 and 246,502, respectively | 381,133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 10,854 and 12,764, respectively | 20,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2019 and december 31, 2018 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 321,010 and 316,930, respectively | 2,392,547,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 224,740 and 246,502, respectively | 348,439,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 10,394 and 12,764, respectively | 20,468,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2019 and december 31, 2018 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 316,930 and 249,057, respectively | 2,285,663,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 246,502 and 280,642, respectively | 342,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 12,764 and 13,555, respectively | 21,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, -0- and 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2018 and december 31, 2017 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 301,787 and 249,057, respectively | 2,202,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 237,892 and 280,642, respectively | 327,734,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 13,043 and 13,555, respectively | 20,708,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, -0- and 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2018 and december 31, 2017 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 280,540 and 249,057, respectively | 2,073,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 220,340 and 280,642, respectively | 316,221,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock called for redemption | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 11,835 and 13,555, respectively | 20,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, -0- and 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2018 and december 31, 2017 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 266,158 and 249,057, respectively | 1,958,432,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 215,597 and 280,642, respectively | 305,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 11,321 and 13,555, respectively | 20,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2018 and december 31, 2017 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2018 and december 31, 2017 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends in excess of earnings | -530,257,000 | -516,691,000 | -489,078,000 | -474,756,000 | -442,329,000 | -410,978,000 | -416,540,000 | -387,306,000 | -349,881,000 | -334,623,000 | -289,413,000 | -258,897,000 | -229,006,000 | -203,241,000 | -176,851,000 | |||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 249,057 and 187,413, respectively | 1,932,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 280,642 and 237,456, respectively | 313,253,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 13,555 and 10,450, respectively | 21,221,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2017 and december 31, 2016 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2017 and december 31, 2016 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 234,349 and 187,413, respectively | 1,880,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 273,602 and 237,456, respectively | 318,915,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 12,487 and 10,450, respectively | 21,127,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2017 and december 31, 2016 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2017 and december 31, 2016 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 217,317 and 187,413, respectively | 1,800,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 257,790 and 237,456, respectively | 322,503,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 12,278 and 10,450, respectively | 21,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2017 and december 31, 2016 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2017 and december 31, 2016 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 202,095 and 187,413, respectively | 1,607,608,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 251,089 and 237,456, respectively | 289,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 11,443 and 10,450, respectively | 19,674,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2017 and december 31, 2016 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2017 and december 31, 2016 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 187,413 and 147,917, respectively | 1,550,141,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 237,456 and 200,758, respectively | 294,533,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 10,450 and 8,536, respectively | 20,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, no shares issued and outstanding at december 31, 2016 and 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2016 and december 31, 2015 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2016 and no shares issued and outstanding at december 31, 2015 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 183,386 and 150,395, respectively | 1,440,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 238,235 and 200,758, respectively | 276,829,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 10,132 and 8,536, respectively | 14,899,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2016 and december 31, 2015 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2016 and december 31, 2015 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2016 and no shares issued and outstanding at december 31, 2015 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 171,458 and 150,395, respectively | 1,339,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 225,601 and 200,758, respectively | 256,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 9,304 and 8,536, respectively | 14,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2016 and december 31, 2015 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2016 and december 31, 2015 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2016 and no shares issued and outstanding at december 31, 2015 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 160,820 and 150,395, respectively | 1,328,602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 209,898 and 200,758, respectively | 263,867,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 8,514 and 8,536, respectively | 10,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2016 and december 31, 2015 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2016 and december 31, 2015 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 3,000,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2016 and no shares issued and outstanding at december 31, 2015 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 150,395 and 105,789, respectively | 1,332,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 200,758 and 146,026, respectively | 276,272,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 8,536 and 6,565, respectively | 11,387,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2015 and december 31, 2014 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2015 and december 31, 2014 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 140,023 and 105,789, respectively | 1,272,288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 189,937 and 146,026, respectively | 264,115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 8,397 and 6,565, respectively | 10,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2015 and december 31, 2014 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2015 and december 31, 2014 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 129,332 and 105,789, respectively | 1,213,895,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 176,789 and 146,026, respectively | 256,413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from related parties | 99,000 | 121,000 | 130,000 | 150,000 | 156,000 | 187,000 | 180,000 | 256,000 | 300,000 | 375,000 | 443,000 | 309,000 | 50,000 | 737,000 | ||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 227,904,000 | 224,131,000 | 225,347,000 | 222,192,000 | 223,331,000 | 224,464,000 | 226,686,000 | 227,898,000 | 228,844,000 | 161,894,000 | 287,314,000 | 297,253,000 | 291,128,000 | 255,870,000 | 201,986,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 7,916 and 6,565, respectively | 10,090,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2015 and december 31, 2014 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2015 and december 31, 2014 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements, net of accumulated depreciation of 117,106 and 105,789, respectively | 1,171,160,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 159,206 and 146,026, respectively | 254,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 7,242 and 6,565, respectively | 10,246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2015 and december 31, 2014 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2015 and december 31, 2014 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements | 1,224,727,000 | 1,141,478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -105,789,000 | -96,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 146,026 and 95,201, respectively | 247,904,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 6,565 and 4,520, respectively | 10,180,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2014 and december 31, 2013 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at december 31, 2014 and december 31, 2013 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 133,866 and 95,201, respectively | 235,226,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 5,875 and 4,520, respectively | 7,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2014 and december 31, 2013 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2014 and december 31, 2013 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings | 944,057,000 | 894,120,000 | 813,705,000 | 758,337,000 | 695,119,000 | 517,030,000 | 461,617,000 | 419,468,000 | 371,813,000 | 338,945,000 | 173,456,000 | |||||||||||||||||||||||||||||||||||||||||||||||
tenant improvements | 39,625,000 | 37,504,000 | 35,717,000 | 35,996,000 | 35,394,000 | 31,586,000 | 29,703,000 | 26,115,000 | 22,359,000 | 19,650,000 | 8,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||
building and land improvements | 46,454,000 | 39,418,000 | 30,831,000 | 27,721,000 | 24,436,000 | 16,836,000 | 13,305,000 | 12,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees | 6,245,000 | 6,439,000 | 5,354,000 | 5,624,000 | 5,903,000 | 3,646,000 | 2,506,000 | 2,467,000 | 2,578,000 | 2,485,000 | 88,000 | |||||||||||||||||||||||||||||||||||||||||||||||
leasing commissions | 3,607,000 | 3,588,000 | 2,720,000 | 2,832,000 | 2,276,000 | 1,335,000 | 1,203,000 | 1,054,000 | 923,000 | 158,000 | 145,000 | |||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | 4,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 121,060 and 95,201, respectively | 214,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles, net of accumulated amortization of 5,373 and 4,520, respectively | 7,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2014 and december 31, 2013 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2014 and december 31, 2013 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing intangibles | 210,181,000 | 208,097,000 | 203,627,000 | 190,243,000 | 150,466,000 | 128,801,000 | 115,640,000 | 102,245,000 | 95,224,000 | 10,806,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2014 and december 31, 2013 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at march 31, 2014 and december 31, 2013 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2013 and december 31, 2012 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at september 30, 2013 and no shares issued and outstanding at december 31, 2012 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, 2,760,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2013 and december 31, 2012 | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 2,800,000 shares (liquidation preference of 25.00 per share) issued and outstanding at june 30, 2013 and no shares issued and outstanding at december 31, 2012 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit facility | 5,000,000 | 40,000,000 | 17,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loan | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock 0.01 par value... | 349,000 | 249,000 | 160,000 | 159,000 | 159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 709,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 7,793,000 | 4,871,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ and owner’s deficit | 223,751,000 | 174,162,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
building improvements | 9,547,000 | 8,612,000 | 3,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable to related party | 5,173,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related parties | 55,000 | 746,000 | 4,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
predecessor’s owners’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends in excess of earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity and owner’s deficit | 169,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and owners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate swap | 2,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant security deposits | 656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid rent | 786,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owners’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and owners’ equity | 208,895,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-04-20 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 63,314,000 | 85,196,000 | 49,649,000 | 51,063,000 | 93,362,000 | 52,008,000 | 42,731,000 | 61,074,000 | 37,453,000 | 42,628,000 | 51,168,000 | 52,797,000 | 50,608,000 | 30,444,000 | 64,718,000 | 33,084,000 | 53,988,000 | 88,118,000 | 49,583,000 | 33,383,000 | 25,348,000 | 98,232,000 | 24,209,000 | 19,316,000 | 65,038,000 | 17,916,000 | 11,190,000 | 14,170,000 | 7,389,000 | 47,256,000 | 8,876,000 | 14,964,000 | 25,149,000 | 8,924,000 | 21,839,000 | 1,368,000 | 69,000 | 34,660,000 | -401,000 | -10,472,000 | 11,801,000 | -1,427,000 | 21,000 | |||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 78,594,000 | 77,461,000 | 75,963,000 | 74,473,000 | 73,900,000 | 73,864,000 | 72,506,000 | 75,280,000 | 71,427,000 | 71,248,000 | 69,761,000 | 68,494,000 | 68,944,000 | 68,939,000 | 69,456,000 | 69,279,000 | 67,366,000 | 63,714,000 | 59,246,000 | 57,332,000 | 58,407,000 | 54,523,000 | 53,921,000 | 53,606,000 | 52,688,000 | 51,606,000 | 46,908,000 | 44,633,000 | 42,303,000 | 42,396,000 | 44,355,000 | 40,901,000 | 39,965,000 | 40,595,000 | 38,186,000 | 36,147,000 | 35,953,000 | 32,126,000 | 32,020,000 | 31,018,000 | 30,280,000 | 30,503,000 | 28,656,000 | 27,257,000 | 26,129,000 | 25,451,000 | 21,983,000 | 20,769,000 | 19,854,000 | 17,463,000 | 16,435,000 | 15,610,000 | 10,354,000 | 9,272,000 | 8,860,000 | 12,319,000 | 398,000 | 2,061,000 |
gain on involuntary conversion | 0 | 0 | 0 | -1,855,000 | -2,558,000 | -3,568,000 | 0 | -1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash portion of interest expense | 1,371,000 | 1,377,000 | 1,406,000 | 1,337,000 | 1,301,000 | 1,305,000 | 1,165,000 | 1,052,000 | 984,000 | 981,000 | 976,000 | 972,000 | 976,000 | 992,000 | 1,011,000 | 880,000 | 864,000 | 852,000 | 803,000 | 789,000 | 487,000 | 750,000 | 750,000 | 746,000 | 676,000 | 674,000 | 673,000 | 618,000 | 618,000 | 618,000 | 617,000 | 547,000 | 534,000 | 432,000 | 485,000 | 635,000 | 345,000 | 424,000 | 428,000 | 401,000 | 379,000 | 355,000 | 400,000 | 208,000 | 299,000 | 328,000 | 351,000 | 343,000 | 315,000 | 268,000 | 267,000 | 248,000 | 257,000 | 262,000 | 236,000 | |||
amortization of above and below market leases | -509,000 | -644,000 | -667,000 | -643,000 | -584,000 | -604,000 | -530,000 | 835,000 | -303,000 | -397,000 | -298,000 | -63,000 | -129,000 | -144,000 | -95,000 | -29,000 | -84,000 | 29,000 | 223,000 | 325,000 | 1,474,000 | 712,000 | 1,477,000 | 1,168,000 | 984,000 | 1,518,000 | 1,242,000 | 1,141,000 | 961,000 | |||||||||||||||||||||||||||||
straight-line rent adjustments | -6,550,000 | -4,188,000 | -6,119,000 | -4,935,000 | -4,190,000 | -3,063,000 | -3,853,000 | -4,769,000 | -2,762,000 | -3,234,000 | -3,948,000 | -4,422,000 | -5,044,000 | -5,170,000 | -4,351,000 | -3,639,000 | -4,450,000 | -4,357,000 | -4,272,000 | -4,211,000 | -4,676,000 | -3,904,000 | -2,672,000 | -1,649,000 | -3,849,000 | -3,188,000 | -3,064,000 | -3,266,000 | -2,256,000 | -2,866,000 | -2,848,000 | -2,668,000 | -2,781,000 | -2,620,000 | -2,077,000 | -1,811,000 | -967,000 | 388,000 | -912,000 | -869,000 | -424,000 | -816,000 | 390,000 | -1,415,000 | -1,293,000 | -1,033,000 | ||||||||||||
gain on the sales of rental property | -15,099,000 | -35,949,000 | -2,196,000 | -8,992,000 | -195,000 | -4,757,000 | -11,683,000 | -17,532,000 | -20,128,000 | 12,000 | -33,168,000 | -376,000 | -23,955,000 | -62,933,000 | -22,662,000 | -5,976,000 | -6,409,000 | -78,869,000 | -9,060,000 | -1,045,000 | -46,759,000 | -4,131,000 | -1,670,000 | -317,000 | -1,274,000 | -39,935,000 | -3,239,000 | -6,348,000 | -22,689,000 | -5,017,000 | -17,563,000 | -1,337,000 | -325,000 | -40,234,000 | -643,000 | |||||||||||||||||||||||
non-cash compensation expense | 3,474,000 | 3,138,000 | 3,141,000 | 3,248,000 | 3,192,000 | 2,916,000 | 2,953,000 | 2,962,000 | 2,909,000 | 2,480,000 | 2,602,000 | 3,312,000 | 3,092,000 | 2,642,000 | 2,740,000 | 3,426,000 | 3,260,000 | 2,578,000 | 3,223,000 | 4,539,000 | 4,615,000 | 2,945,000 | 2,946,000 | 2,938,000 | 2,852,000 | 2,517,000 | 2,556,000 | 2,537,000 | 2,278,000 | 2,251,000 | 2,236,000 | 2,215,000 | 2,220,000 | 2,388,000 | 2,384,000 | 2,388,000 | 2,387,000 | 2,037,000 | 2,043,000 | 2,044,000 | 3,605,000 | 1,911,000 | 1,920,000 | 1,900,000 | 1,847,000 | 1,977,000 | 1,092,000 | 3,155,000 | 1,090,000 | 742,000 | 740,000 | 745,000 | ||||||
change in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant accounts receivable | 207,000 | -5,906,000 | 289,000 | 8,716,000 | -1,943,000 | -4,666,000 | 41,000 | 7,028,000 | 2,204,000 | -4,297,000 | -4,507,000 | 8,025,000 | 2,694,000 | -7,372,000 | -373,000 | 1,569,000 | -262,000 | -2,199,000 | -1,049,000 | -69,000 | 3,281,000 | -5,663,000 | 1,656,000 | 34,000 | -509,000 | -3,018,000 | -880,000 | 2,248,000 | -859,000 | -1,404,000 | -1,415,000 | 1,068,000 | 848,000 | -1,170,000 | -2,317,000 | 1,205,000 | 157,000 | -1,220,000 | -967,000 | 1,213,000 | -461,000 | 143,000 | -1,514,000 | 505,000 | -468,000 | -499,000 | -333,000 | 301,000 | 966,000 | -471,000 | 572,000 | 41,000 | 47,000 | |||||
prepaid expenses and other assets | -12,707,000 | 181,000 | -14,002,000 | -4,967,000 | -9,230,000 | 1,171,000 | -16,864,000 | -2,945,000 | -8,787,000 | 428,000 | -11,217,000 | -1,793,000 | -11,288,000 | 3,174,000 | -14,129,000 | -7,544,000 | -3,371,000 | 1,106,000 | -9,752,000 | -5,886,000 | -4,132,000 | 2,110,000 | -9,522,000 | -3,626,000 | -490,000 | 2,045,000 | -7,187,000 | -652,000 | -2,686,000 | 676,000 | -4,442,000 | 376,000 | -5,531,000 | 1,376,000 | -4,162,000 | -594,000 | -5,723,000 | 2,795,000 | -3,682,000 | 587,000 | -4,280,000 | 1,252,000 | -1,224,000 | -78,000 | -3,105,000 | 610,000 | 60,000 | |||||||||||
accounts payable, accrued expenses and other liabilities | 2,024,000 | -20,359,000 | 35,399,000 | -5,745,000 | -4,647,000 | -15,569,000 | 31,364,000 | 6,473,000 | 480,000 | -15,561,000 | 12,612,000 | 311,000 | -6,599,000 | -5,838,000 | 18,598,000 | 4,172,000 | -3,401,000 | -10,346,000 | 16,245,000 | 5,477,000 | -4,613,000 | -7,881,000 | 11,795,000 | 2,853,000 | 390,000 | -8,405,000 | 10,267,000 | 2,342,000 | -3,775,000 | -6,864,000 | 8,088,000 | 3,881,000 | -2,720,000 | -5,058,000 | 6,115,000 | 3,914,000 | -4,457,000 | -1,967,000 | 6,179,000 | 1,430,000 | 519,000 | -3,352,000 | 5,068,000 | 3,995,000 | -2,242,000 | -408,000 | 2,570,000 | 1,796,000 | ||||||||||
tenant prepaid rent and security deposits | 3,321,000 | 4,160,000 | 620,000 | -5,875,000 | 4,147,000 | 9,117,000 | 2,180,000 | -919,000 | 1,557,000 | 2,067,000 | -2,183,000 | -299,000 | 3,295,000 | 2,383,000 | 470,000 | 1,487,000 | -1,076,000 | 4,730,000 | 652,000 | 3,210,000 | -322,000 | 4,431,000 | -1,129,000 | 2,990,000 | -441,000 | 862,000 | -89,000 | -34,000 | -899,000 | 2,825,000 | -2,108,000 | -440,000 | 2,831,000 | 280,000 | -540,000 | 1,768,000 | 2,342,000 | 49,000 | 611,000 | 1,192,000 | -1,285,000 | 1,420,000 | 1,123,000 | 441,000 | 164,000 | 1,475,000 | -35,000 | 970,000 | 98,000 | 841,000 | 307,000 | 1,122,000 | -660,000 | 332,000 | 820,000 | 1,048,000 | ||
total adjustments | 54,126,000 | 19,271,000 | 93,864,000 | 60,805,000 | 10,178,000 | 52,921,000 | 85,235,000 | 61,161,000 | 67,709,000 | 48,958,000 | 52,115,000 | 57,005,000 | 35,813,000 | 59,618,000 | 41,963,000 | 69,225,000 | 34,891,000 | -6,577,000 | 42,657,000 | 55,530,000 | 48,112,000 | -28,441,000 | 51,834,000 | 58,192,000 | 5,542,000 | 40,511,000 | 53,169,000 | 49,251,000 | 39,761,000 | 1,903,000 | 42,413,000 | 40,383,000 | 16,825,000 | 33,121,000 | 22,252,000 | 43,900,000 | 31,089,000 | 2,858,000 | 38,515,000 | 46,176,000 | 12,286,000 | 51,784,000 | 40,789,000 | 37,360,000 | 23,243,000 | 32,923,000 | 25,333,000 | 28,952,000 | 14,507,000 | 21,176,000 | 21,349,000 | 12,997,000 | 17,547,000 | 11,216,000 | 9,248,000 | 14,440,000 | 463,000 | 2,125,000 |
net cash from operating activities | 117,440,000 | 104,467,000 | 143,513,000 | 111,868,000 | 103,540,000 | 104,929,000 | 127,966,000 | 122,235,000 | 105,162,000 | 91,586,000 | 103,283,000 | 109,802,000 | 86,421,000 | 90,062,000 | 106,681,000 | 102,309,000 | 88,879,000 | 81,541,000 | 92,240,000 | 88,913,000 | 73,460,000 | 69,791,000 | 76,043,000 | 77,508,000 | 70,580,000 | 58,427,000 | 64,359,000 | 63,421,000 | 47,150,000 | 49,159,000 | 51,289,000 | 55,347,000 | 41,974,000 | 42,045,000 | 44,091,000 | 45,268,000 | 31,158,000 | 37,518,000 | 38,114,000 | 35,704,000 | 24,087,000 | 31,650,000 | 36,109,000 | 32,132,000 | 21,816,000 | 30,279,000 | 25,583,000 | 26,286,000 | 14,528,000 | 21,470,000 | 21,165,000 | 12,579,000 | 12,631,000 | 9,688,000 | 7,887,000 | 8,198,000 | 373,000 | 1,986,000 |
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 |
free cash flows | 117,440,000 | 104,467,000 | 143,513,000 | 111,868,000 | 103,540,000 | 104,929,000 | 127,966,000 | 122,235,000 | 105,162,000 | 91,586,000 | 103,283,000 | 109,802,000 | 86,421,000 | 90,062,000 | 106,681,000 | 102,309,000 | 88,879,000 | 81,541,000 | 92,240,000 | 88,913,000 | 73,460,000 | 69,791,000 | 76,043,000 | 77,508,000 | 70,580,000 | 58,427,000 | 64,359,000 | 63,421,000 | 47,150,000 | 49,159,000 | 51,289,000 | 55,347,000 | 41,974,000 | 42,045,000 | 44,091,000 | 45,268,000 | 31,158,000 | 37,518,000 | 38,114,000 | 35,704,000 | 24,087,000 | 31,650,000 | 36,109,000 | 32,132,000 | 21,816,000 | 30,279,000 | 25,583,000 | 26,286,000 | 14,528,000 | 21,470,000 | 21,165,000 | 12,579,000 | 12,631,000 | 9,688,000 | 7,887,000 | 8,198,000 | 373,000 | 1,986,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions of land and buildings and improvements | -41,326,000 | -60,624,000 | -48,005,000 | -49,563,000 | -46,325,000 | -67,363,000 | -41,225,000 | -17,235,000 | -24,622,000 | -29,970,000 | -22,504,000 | -27,697,000 | -27,685,000 | |||||||||||||||||||||||||||||||||||||||||||||
acquisitions of land and buildings and improvements | -69,488,000 | -248,002,000 | -92,493,000 | -21,177,000 | -36,745,000 | -266,576,000 | -107,944,000 | -206,603,000 | -43,599,000 | -65,765,000 | -200,801,000 | -7,136,000 | -120,261,000 | -149,787,000 | -144,600,000 | -636,350,000 | -380,509,000 | -112,195,000 | -81,969,000 | -499,875,000 | -51,965,000 | -9,934,000 | -100,187,000 | -378,400,000 | -248,459,000 | -208,219,000 | -159,969,000 | -181,824,000 | -160,615,000 | -155,289,000 | -67,077,000 | -91,474,000 | -102,166,000 | -218,935,000 | -84,689,000 | -181,666,000 | -125,018,000 | -49,619,000 | -21,256,000 | -103,686,000 | -79,370,000 | -60,272,000 | -48,621,000 | |||||||||||||||
proceeds from sales of rental property | 29,573,000 | 28,761,000 | 22,012,000 | 8,368,000 | 27,914,000 | 32,987,000 | 36,333,000 | 4,419,000 | 92,520,000 | 3,083,000 | 35,326,000 | 110,073,000 | 38,280,000 | 15,735,000 | 23,884,000 | 152,221,000 | 19,458,000 | 2,203,000 | 99,678,000 | 18,328,000 | 6,012,000 | 1,086,000 | 16,602,000 | 118,536,000 | 9,706,000 | 30,070,000 | 49,631,000 | 21,621,000 | 33,145,000 | 6,390,000 | 3,919,000 | 16,780,000 | 31,890,000 | 12,977,000 | 473,000 | |||||||||||||||||||||||
acquisition deposits | 450,000 | -320,000 | -480,000 | 0 | 450,000 | -205,000 | 155,000 | 1,924,000 | -2,324,000 | 1,850,000 | 880,000 | -65,000 | 1,185,000 | -92,000 | 927,000 | 1,304,000 | -711,000 | 1,351,000 | -3,605,000 | -2,885,000 | 2,008,000 | 1,151,000 | -1,784,000 | 160,000 | 500,000 | 5,036,000 | -3,332,000 | 5,139,000 | -2,997,000 | -4,221,000 | 210,000 | -300,000 | -605,000 | -430,000 | -135,000 | 1,465,000 | -645,000 | 755,000 | -759,000 | -723,000 | 167,000 | -5,000 | 330,000 | 1,575,000 | -480,000 | -100,000 | ||||||||||||
acquisitions of deferred leasing intangibles | -11,225,000 | -37,248,000 | -11,979,000 | -2,719,000 | -6,140,000 | -35,107,000 | -15,908,000 | -24,947,000 | -5,715,000 | -1,676,000 | -13,036,000 | -1,364,000 | -7,059,000 | -21,134,000 | -19,617,000 | -80,247,000 | -46,826,000 | -14,526,000 | -13,156,000 | -78,025,000 | -12,273,000 | -1,836,000 | -18,706,000 | -76,789,000 | -52,644,000 | -51,843,000 | -24,345,000 | -35,436,000 | -33,096,000 | -30,011,000 | -11,744,000 | -15,746,000 | -17,179,000 | -47,684,000 | -15,098,000 | -37,639,000 | -36,945,000 | -8,421,000 | -6,571,000 | -29,227,000 | -23,195,000 | |||||||||||||||||
net cash from investing activities | -92,016,000 | -260,445,000 | -147,228,000 | -64,703,000 | -24,926,000 | -340,537,000 | -142,910,000 | -171,351,000 | -76,260,000 | -87,193,000 | -207,547,000 | -35,439,000 | 9,833,000 | -50,203,000 | -62,412,000 | -186,112,000 | -148,797,000 | -617,437,000 | -400,966,000 | -122,515,000 | -79,502,000 | -440,582,000 | -58,952,000 | -19,109,000 | -35,980,000 | -456,899,000 | -321,131,000 | -267,728,000 | -176,816,000 | -113,951,000 | -194,315,000 | -162,823,000 | -36,112,000 | -103,342,000 | -94,592,000 | -267,173,000 | -100,946,000 | -127,096,000 | -165,257,000 | -55,359,000 | 600,000 | -127,179,000 | -98,450,000 | -79,704,000 | -66,705,000 | -133,505,000 | ||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured credit facility | 168,000,000 | 521,000,000 | 166,000,000 | 218,000,000 | 489,000,000 | 933,000,000 | 413,000,000 | 366,000,000 | 264,000,000 | 202,000,000 | 628,000,000 | 128,000,000 | 209,000,000 | 121,000,000 | 296,000,000 | 196,000,000 | 675,000,000 | 1,025,000,000 | 875,000,000 | 372,000,000 | 393,000,000 | 527,000,000 | 0 | 0 | 387,000,000 | 800,000,000 | 387,000,000 | 173,000,000 | 208,000,000 | 251,500,000 | 394,000,000 | 139,000,000 | 110,000,000 | 139,500,000 | 182,000,000 | 215,000,000 | 141,000,000 | 227,000,000 | 134,000,000 | 98,000,000 | 54,000,000 | 110,000,000 | 90,750,000 | 38,000,000 | 62,000,000 | 239,000,000 | 136,000,000 | 13,500,000 | 38,000,000 | 25,000,000 | 45,000,000 | 20,000,000 | ||||||
repayment of unsecured credit facility | -230,000,000 | -369,000,000 | -107,000,000 | -679,000,000 | -386,000,000 | -780,000,000 | -284,000,000 | -674,000,000 | -231,000,000 | -125,000,000 | -519,000,000 | -147,000,000 | -149,000,000 | -82,000,000 | -276,000,000 | -464,000,000 | -587,000,000 | -778,000,000 | -1,110,000,000 | -321,000,000 | -267,000,000 | -420,000,000 | 0 | -225,000,000 | -308,000,000 | -732,000,000 | -438,000,000 | -159,500,000 | -193,000,000 | -246,000,000 | -316,000,000 | -340,000,000 | -163,000,000 | -113,500,000 | -67,000,000 | -156,000,000 | -98,000,000 | -328,000,000 | -69,000,000 | -40,000,000 | -104,000,000 | -231,750,000 | 0 | -24,000,000 | -120,000,000 | -214,000,000 | ||||||||||||
repayment of unsecured notes | 0 | 0 | -75,000,000 | -100,000,000 | 0 | 0 | 0 | -100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgage notes | -57,000 | -57,000 | -56,000 | -55,000 | -55,000 | -54,000 | -54,000 | -54,000 | -53,000 | -3,244,000 | -87,000 | -86,000 | -86,000 | -84,000 | -45,686,000 | -587,000 | -586,000 | -734,000 | -398,000 | -562,000 | -531,000 | -498,000 | -492,000 | -1,496,000 | -497,000 | -485,000 | -480,000 | -480,000 | -481,000 | -464,000 | -457,000 | -460,000 | -462,000 | -443,000 | -87,994,000 | -4,866,000 | -12,167,000 | -37,360,000 | -1,129,000 | -15,827,000 | -16,128,000 | |||||||||||||||||
payment of loan fees and costs | -161,000 | -1,829,000 | -2,913,000 | -5,000 | -77,000 | -9,182,000 | -2,375,000 | -822,000 | 0 | -69,000 | -3,023,000 | -2,115,000 | -4,000 | -5,010,000 | -1,722,000 | -97,000 | -2,750,000 | 0 | 0 | -1,000 | -1,178,000 | -14,000 | -3,378,000 | -1,070,000 | -3,000 | -39,000 | -1,127,000 | -8,000 | -35,000 | -575,000 | -67,000 | -16,000 | -57,000 | -653,000 | -1,981,000 | -108,000 | -930,000 | -2,713,000 | ||||||||||||||||||||
proceeds from sales of common stock | -177,000 | 157,285,000 | -128,000 | -308,000 | -159,000 | 167,620,000 | -98,000 | -107,000 | -137,000 | -131,000 | 61,084,000 | 8,608,000 | -76,000 | 62,000 | -106,000 | -329,000 | 55,126,000 | 335,172,000 | 308,505,000 | 41,675,000 | 21,639,000 | 265,894,000 | -21,000 | -145,000 | 172,771,000 | 283,985,000 | 183,477,000 | 234,724,000 | 150,189,000 | 113,990,000 | 99,695,000 | 87,918,000 | 65,239,000 | 205,842,000 | 68,543,000 | 181,955,000 | 0 | 3,065,000 | 61,694,000 | 10,133,000 | 152,615,000 | 44,712,000 | 41,797,000 | 77,568,000 | 36,930,000 | 200,000 | 117,539,000 | |||||||||||
dividends and distributions | -24,275,000 | -70,972,000 | -71,006,000 | -71,033,000 | -70,960,000 | -68,815,000 | -68,533,000 | -68,918,000 | -68,654,000 | -68,180,000 | -67,967,000 | -67,524,000 | -63,896,000 | -66,430,000 | -66,850,000 | -67,324,000 | -66,213,000 | -63,509,000 | -60,001,000 | -62,216,000 | -59,996,000 | -55,995,000 | -56,420,000 | -56,985,000 | -54,883,000 | -50,278,000 | -49,369,000 | -47,646,000 | -42,288,000 | -41,723,000 | -41,404,000 | -39,542,000 | -36,200,000 | -37,351,000 | -36,267,000 | -34,665,000 | -32,723,000 | -30,551,000 | -29,530,000 | -29,763,000 | -27,597,000 | -27,351,000 | -27,202,000 | -26,025,000 | -25,314,000 | -23,977,000 | ||||||||||||
income taxes paid on vested equity compensation | -644,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest in joint ventures | 337,000 | 318,000 | 936,000 | 874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -87,153,000 | 238,432,000 | -13,701,000 | -59,373,000 | -67,954,000 | 201,857,000 | 51,568,000 | 70,546,000 | -37,680,000 | 5,445,000 | 101,760,000 | -78,002,000 | -104,870,000 | -27,521,000 | -45,665,000 | 61,645,000 | 74,727,000 | 512,919,000 | 336,384,000 | 29,800,000 | 8,020,000 | 316,370,000 | -56,933,000 | -285,180,000 | 294,919,000 | 401,063,000 | 256,450,000 | 201,594,000 | 119,432,000 | 76,079,000 | 136,225,000 | 107,818,000 | -16,277,000 | 74,819,000 | 53,865,000 | 222,499,000 | 64,678,000 | 89,497,000 | 131,411,000 | 12,191,000 | -21,229,000 | 95,044,000 | 63,307,000 | 47,414,000 | 32,699,000 | 121,814,000 | 141,275,000 | 32,788,000 | 46,348,000 | 62,592,000 | 79,257,000 | 42,730,000 | 93,386,000 | 49,212,000 | 32,692,000 | |||
increase in cash and cash equivalents and restricted cash | -61,729,000 | 82,454,000 | -17,416,000 | -12,208,000 | 10,660,000 | -33,751,000 | 36,624,000 | -8,616,000 | 12,338,000 | 14,809,000 | -22,977,000 | 27,658,000 | -3,802,000 | 1,978,000 | -54,421,000 | -39,842,000 | -226,781,000 | 329,519,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash—beginning of period | 100,883,000 | 0 | 0 | 0 | 37,393,000 | 0 | 0 | 0 | 21,868,000 | 0 | 0 | 0 | 26,789,000 | 0 | 0 | 0 | 23,196,000 | 0 | 0 | 0 | 20,339,000 | 0 | 0 | 0 | 11,864,000 | 0 | 0 | 0 | 22,542,000 | 0 | 0 | 0 | 28,129,000 | |||||||||||||||||||||||||
cash and cash equivalents and restricted cash—end of period | 39,154,000 | 82,454,000 | -17,416,000 | -12,208,000 | 48,053,000 | -33,751,000 | 36,624,000 | 21,430,000 | 13,090,000 | 9,838,000 | -2,504,000 | -3,639,000 | 18,173,000 | 12,338,000 | -1,396,000 | -22,158,000 | 38,005,000 | -22,977,000 | 27,658,000 | -3,802,000 | 22,317,000 | -54,421,000 | -39,842,000 | -226,781,000 | 341,383,000 | 2,591,000 | -322,000 | -2,713,000 | 12,308,000 | 11,287,000 | -6,801,000 | 342,000 | 17,714,000 | |||||||||||||||||||||||||
supplemental disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 825 and 781 for 2026 and 2025, respectively | 15,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to building and other capital improvements from involuntary conversion | 0 | 0 | 0 | -1,855,000 | -2,557,000 | -3,568,000 | -5,717,000 | -2,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in additions of land, building, and improvements included in accounts payable, accrued expenses and other liabilities | 8,887,000 | 836,000 | -1,020,000 | -1,728,000 | 1,255,000 | -2,016,000 | -10,611,000 | -10,942,000 | 4,443,000 | 1,747,000 | 4,107,000 | 1,578,000 | -4,596,000 | |||||||||||||||||||||||||||||||||||||||||||||
additions to building and other capital improvements from non-cash compensation | -111,000 | -63,000 | -66,000 | -67,000 | -70,000 | -68,000 | -57,000 | -41,000 | -39,000 | -50,000 | -16,000 | -13,000 | -13,000 | -12,000 | -10,000 | -14,000 | -26,000 | -1,000 | -7,000 | -9,000 | -8,000 | -11,000 | -19,000 | -26,000 | -14,000 | -5,000 | -11,000 | -5,000 | -4,000 | -2,000 | -8,000 | -9,000 | -7,000 | |||||||||||||||||||||||||
change in loan fees, costs, and offering costs included in accounts payable, accrued expenses and other liabilities | -67,000 | 156,000 | -43,000 | -351,000 | -58,000 | -4,000 | 290,000 | -257,000 | -592,000 | 59,000 | -52,000 | 39,000 | -76,000 | |||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions accrued | 75,631,000 | 518,000 | 1,000 | 0 | 23,668,000 | 532,000 | 1,000 | 0 | 22,936,000 | 0 | 211,000 | 31,000 | 22,484,000 | 0 | 0 | 0 | 22,282,000 | 974,000 | 1,129,000 | 146,000 | 19,657,000 | 1,077,000 | 1,000 | 0 | 18,301,000 | 1,172,000 | -529,000 | 976,000 | 15,846,000 | -776,000 | -866,000 | 936,000 | 14,460,000 | |||||||||||||||||||||||||
loss on impairment | 0 | 0 | 0 | 0 | 3,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment and modification expenses | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of other assets | -47,000 | 0 | 0 | 0 | 0 | -2,134,000 | -539,000 | 0 | 0 | 0 | -450,000 | -223,000 | -1,464,000 | 0 | -1,049,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
acquisitions of operating lease right-of-use assets | 0 | 0 | -1,663,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of rental property | 85,916,000 | 5,729,000 | 8,756,000 | 63,834,000 | 5,488,000 | 7,019,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of tenant prepaid rent | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of operating lease liabilities | 0 | 0 | 1,663,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loans | 0 | 0 | 825,000,000 | 0 | 0 | 300,000,000 | 0 | 0 | 300,000,000 | 100,000,000 | 100,000,000 | 0 | 75,000,000 | 0 | 75,000,000 | 150,000,000 | 0 | 0 | 50,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||||||||||
repayment of unsecured term loans | 0 | 0 | -825,000,000 | 0 | 0 | -300,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured notes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000,000 | 0 | 0 | 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of share-based compensation | 0 | 0 | 0 | -649,000 | -33,000 | 0 | 0 | -1,014,000 | 0 | 0 | 0 | -812,000 | 0 | 0 | 0 | -1,596,000 | 0 | 0 | 0 | -1,342,000 | -31,000 | 0 | 0 | -1,472,000 | -158,000 | 0 | 0 | -1,444,000 | 0 | 0 | 0 | -1,524,000 | ||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 3,612, 2,268, and 2,600 for 2025, 2024, and 2023, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partial disposal due to involuntary conversion of building | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing other receivables due to involuntary conversion of building | 0 | 0 | 0 | 2,968,000 | 0 | 61,000 | -203,000 | -221,000 | -287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 2,605 and 1,770 for 2025 and 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 1,700 and 1,259 for 2025 and 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of rental property | -49,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 781 and 802 for 2025 and 2024, respectively | 19,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 2,268, 2,600, and 1,456 for 2024, 2023, and 2022, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of other assets to building and other capital improvements | 1,000 | 960,000 | 1,174,000 | 539,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest in joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 1,770 and 1,686 for 2024 and 2023, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 1,259 and 1,000 for 2024 and 2023, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents and restricted cash | -8,778,000 | -2,504,000 | -322,000 | -2,713,000 | -10,234,000 | -6,801,000 | 342,000 | -10,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 802 and 433 for 2024 and 2023, respectively | 22,165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | 0 | 0 | -75,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 2,600, 1,456, and 53 for 2023, 2022, and 2021, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage notes | 0 | 0 | 0 | 5,103,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value adjustment to mortgage notes acquired | 0 | 0 | 0 | -161,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized of 1,686 and 925 for 2023 and 2022, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of capitalized interest | 26,245,000 | 18,597,000 | 23,970,000 | 15,665,000 | 15,933,000 | 17,172,000 | 15,830,000 | 12,988,000 | 16,103,000 | 13,471,000 | 16,907,000 | 13,277,000 | 15,976,000 | 12,544,000 | 16,118,000 | 13,407,000 | 11,516,000 | 10,449,000 | 14,489,000 | 12,127,000 | 8,691,000 | 11,057,000 | 10,209,000 | 9,997,000 | 9,911,000 | 10,568,000 | 10,240,000 | 10,500,000 | 9,906,000 | 8,721,000 | ||||||||||||||||||||||||||||
loss on impairments | 2,405,000 | 0 | 4,413,000 | 0 | 5,344,000 | 3,248,000 | 0 | 0 | 2,934,000 | 5,614,000 | 0 | 20,894,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from involuntary conversion | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of defeasance fees and other costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions of land and building and improvements | -28,539,000 | -19,578,000 | -17,061,000 | -11,725,000 | -8,865,000 | -8,644,000 | -10,269,000 | -16,054,000 | -12,388,000 | -10,484,000 | -16,815,000 | -24,851,000 | -21,244,000 | -13,891,000 | -5,058,000 | -11,006,000 | -9,968,000 | -7,293,000 | -6,317,000 | -18,251,000 | -13,301,000 | -8,223,000 | -6,015,000 | -9,782,000 | -9,502,000 | -7,533,000 | -3,668,000 | -112,180,000 | ||||||||||||||||||||||||||||||
additions to building and other capital improvements | -960,000 | -1,174,000 | -539,000 | 0 | -503,000 | -171,000 | 9,488,000 | -5,459,000 | -1,950,000 | -2,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in additions of land, building, and improvements included in accounts payable, accrued expenses, and other liabilities | -6,688,000 | -7,654,000 | 590,000 | -3,364,000 | -1,390,000 | -812,000 | 4,281,000 | 256,000 | -4,653,000 | 1,763,000 | -1,080,000 | 2,546,000 | -3,473,000 | -6,257,000 | -1,094,000 | 1,622,000 | 167,000 | -3,550,000 | 1,908,000 | 6,076,000 | -11,629,000 | -2,957,000 | 1,385,000 | -872,000 | 624,000 | |||||||||||||||||||||||||||||||||
change in loan fees, costs, and offering costs included in accounts payable, accrued expenses, and other liabilities | 81,000 | 194,000 | -167,000 | -102,000 | 16,000 | 137,000 | 879,000 | -45,000 | 0 | -958,000 | -62,000 | 269,000 | -252,000 | 54,000 | -116,000 | -8,000 | 89,000 | 49,000 | -90,000 | -45,000 | 171,000 | -74,000 | -67,000 | |||||||||||||||||||||||||||||||||||
leases cumulative effect adjustment | 0 | 0 | 0 | -214,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends on forfeited equity compensation | 31,000 | 0 | 1,000 | 6,000 | 0 | 6,000 | 2,000 | 7,000 | 0 | 0 | 1,000 | 1,000 | 0 | 0 | 1,000 | 2,000 | 10,000 | 4,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 0 | 13,000 | 1,288,000 | 1,969,000 | 0 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of other liabilities | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of preferred stock called for redemption to liability | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance on involuntary conversion | 939,000 | 218,000 | 200,000 | 439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of loan prepayment fees and costs | 0 | -13,000 | -1,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisitions of land and building and improvements and deferred leasing intangibles | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partial disposal of building due to involuntary conversion of building | 0 | -61,000 | 203,000 | 221,000 | 287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs | -1,544,000 | -1,210,000 | -1,231,000 | -1,872,000 | -88,000 | -1,266,000 | -973,000 | -2,802,000 | -971,000 | -2,663,000 | -1,608,000 | -203,000 | -2,447,000 | -1,000 | -79,000 | -965,000 | -184,000 | -6,252,000 | ||||||||||||||||||||||||||||||||||||||||
intangible amortization in rental income | 958,000 | 1,150,000 | 849,000 | 1,207,000 | 710,000 | 1,318,000 | 1,259,000 | 1,296,000 | 1,462,000 | 1,564,000 | 1,521,000 | 1,666,000 | 2,195,000 | 2,051,000 | 2,215,000 | 2,065,000 | 1,653,000 | 1,581,000 | 1,509,000 | 1,510,000 | 1,524,000 | 1,506,000 | 1,369,000 | 1,223,000 | 1,090,000 | 1,168,000 | ||||||||||||||||||||||||||||||||
proceeds from sale of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on involuntary conversion | 0 | 0 | 330,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -19,000 | 410,000 | 323,000 | -250,000 | 96,000 | -95,000 | -320,000 | -46,000 | 542,000 | -74,000 | -346,000 | -162,000 | 469,000 | -1,377,000 | 614,000 | 167,000 | 258,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of series c preferred stock | 0 | 0 | 0 | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of common units for cash | 0 | 0 | 0 | -64,000 | -1,359,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of restricted stock | 0 | 0 | 0 | -969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 13,522,000 | -5,110,000 | -81,000 | 3,458,000 | -12,190,000 | 18,588,000 | 22,036,000 | 1,964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | 0 | 0 | 12,192,000 | 0 | 0 | 0 | 12,011,000 | 0 | 0 | 0 | 23,878,000 | 0 | 0 | 0 | 6,690,000 | 0 | 0 | 19,006,000 | 0 | 0 | 16,498,000 | -1,290,000 | 0 | 1,567,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 13,522,000 | 3,364,000 | 594,000 | 7,082,000 | -81,000 | 4,268,000 | -7,464,000 | 15,469,000 | -485,000 | 966,000 | -158,000 | 11,688,000 | 18,588,000 | -741,000 | -22,695,000 | 28,726,000 | 4,146,000 | 7,783,000 | 11,980,000 | 5,571,000 | -13,349,000 | 18,462,000 | 11,713,000 | -679,000 | 954,000 | |||||||||||||||||||||||||||||||||
contingent consideration for acquisition of land and building and improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration for acquisition of deferred leasing intangibles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration liability acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions declared but not paid | 363,000 | 1,004,000 | 10,149,000 | 914,000 | 487,000 | -200,000 | 8,527,000 | 6,000 | 196,000 | 336,000 | 7,696,000 | 790,000 | ||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | 966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of forward swap contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
withholding taxes for settlement of outperformance program | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisitions of land and building and improvements and deferred lease intangibles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sales of rental property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to building and improvements from non-cash compensation expense | -1,000 | -4,000 | -9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value adjustment to mortgage notes assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in loan fees and costs and offering costs included in accounts payable, accrued expenses, and other liabilities | -52,000 | 138,000 | -80,000 | 40,000 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to building and building improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of rental property | -17,673,000 | -3,273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in additions of land and building and improvements included in accounts payable, accrued expenses, and other liabilities | -1,761,000 | 1,505,000 | -1,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage note | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of series b preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 9,995,000 | 8,033,000 | 7,422,000 | 6,990,000 | 6,389,000 | 2,433,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -4,680,000 | 250,000 | 294,000 | -184,000 | -418,000 | -1,528,000 | -1,361,000 | -6,242,000 | -139,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgage notes payable | -1,246,000 | -1,182,000 | -12,942,000 | -1,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisitions of land and buildings and improvements | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisitions of deferred leasing intangibles | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage notes payable | 5,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value adjustment to mortgage notes payable acquired | 273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of rental property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from related parties | 22,000 | 9,000 | 20,000 | 6,000 | 76,000 | 44,000 | 506,000 | 91,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
additions to other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to deferred leasing intangibles | -14,795,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisition of land and buildings and improvements | 16,873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisition of deferred leasing intangibles | 5,029,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of land and buildings and improvements | -25,936,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of deferred leasing intangibles | -7,731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage note payable | 11,765,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities included in additions of land and building improvements | 1,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities included in payment of loan fees and costs and offering costs | -22,000 | 75,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes payable | 0 | 6,752,000 | 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for additions of land and building improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of tangible asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-off of fully depreciated tenant improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-off of accumulated depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to lease intangibles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities included in additions of land and building and improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for additions of land and building and improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to reconcile net loss to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasing commissions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions of land and building improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for deal deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units for cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash - escrow for dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units for acquisition fee | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received for deal deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
straight line adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 481,000 | 484,000 | 492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related parties | -712,000 | 10,000 | 757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for contributed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock at initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs related to issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of initial capitalization of stag industrial, inc. shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable to related parties | 0 | 789,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes payable to related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination of swap contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from secured corporate credit facility | 47,300,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of secured corporate credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant straight line receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination of interest rate swap contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash -escrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash—escrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from mortgage notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on interest rate swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant security deposits | 33,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid rent | 205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment or mortgage notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital improvements in accounts payable | 7,000 |