Terreno Realty Corporation(NYSE:TRNO) 
Terreno Realty Corporation and together with its subsidiaries, the ?Company?) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occ...
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Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2011-02-16 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2010-02-16 |
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revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues and tenant expense reimbursements | 137,481,000 | 116,248,000 | 112,234,000 | 110,420,000 | 103,709,000 | 99,635,000 | 94,247,000 | 85,030,000 | 86,484,000 | 82,920,000 | 79,535,000 | 74,651,000 | 76,007,000 | 70,801,000 | 65,369,000 | 64,035,000 | 60,675,000 | 57,269,000 | 53,295,000 | 50,691,000 | 48,879,000 | 47,147,000 | 45,742,000 | 45,116,000 | 45,015,000 | 43,397,000 | 41,730,000 | 40,880,000 | ||||||||||||||||||||||||||||||||||||||
total revenues | 137,481,000 | 116,248,000 | 112,234,000 | 110,420,000 | 103,709,000 | 99,635,000 | 94,247,000 | 85,030,000 | 86,484,000 | 82,920,000 | 79,535,000 | 74,651,000 | 76,007,000 | 70,801,000 | 65,369,000 | 64,035,000 | 60,675,000 | 57,269,000 | 53,295,000 | 50,691,000 | 48,879,000 | 47,147,000 | 45,742,000 | 45,116,000 | 45,015,000 | 43,397,000 | 41,730,000 | 40,880,000 | 39,413,000 | 37,899,000 | 37,238,000 | 37,107,000 | 34,625,000 | 33,640,000 | 32,778,000 | 31,441,000 | 29,840,000 | 27,104,000 | 25,817,000 | 25,657,000 | 24,200,000 | 24,327,000 | 24,237,000 | 23,131,000 | 18,747,000 | 17,714,000 | 16,610,000 | 15,804,000 | 13,169,000 | 11,516,000 | 10,815,000 | 10,487,000 | 8,640,000 | 9,066,000 | 7,599,000 | 6,606,000 | 4,777,000 | 3,766,000 | 3,370,000 | 12,000 | 987,000 | 345,000 | 12,000 | |||
yoy | 32.56% | 16.67% | 19.08% | 29.86% | 19.92% | 20.16% | 18.50% | 13.90% | 13.78% | 17.12% | 21.67% | 16.58% | 25.27% | 23.63% | 22.66% | 26.32% | 24.13% | 21.47% | 16.51% | 12.36% | 8.58% | 8.64% | 9.61% | 10.36% | 14.21% | 14.51% | 12.06% | 10.17% | 13.83% | 12.66% | 13.61% | 18.02% | 16.04% | 24.11% | 26.96% | 22.54% | 23.31% | 11.42% | 6.52% | 10.92% | 29.09% | 37.33% | 45.92% | 46.36% | 42.36% | 53.82% | 53.58% | 50.70% | 52.42% | 27.02% | 42.32% | 58.75% | 89.78% | 101.78% | 96.02% | 281.56% | 876.81% | 0.00% | ||||||||
qoq | 18.27% | 3.58% | 1.64% | 6.47% | 4.09% | 5.72% | 10.84% | -1.68% | 4.30% | 4.26% | 6.54% | -1.78% | 7.35% | 8.31% | 2.08% | 5.54% | 5.95% | 7.46% | 5.14% | 3.71% | 3.67% | 3.07% | 1.39% | 0.22% | 3.73% | 3.99% | 2.08% | 3.72% | 3.99% | 1.78% | 0.35% | 7.17% | 2.93% | 2.63% | 4.25% | 5.37% | 10.09% | 4.99% | 0.62% | 6.02% | -0.52% | 0.37% | 4.78% | 23.39% | 5.83% | 6.65% | 5.10% | 20.01% | 14.35% | 6.48% | 3.13% | 21.38% | -4.70% | 19.31% | 15.03% | 26.85% | 11.75% | 27983.33% | 186.09% | 2775.00% | ||||||
costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 30,193,000 | 28,232,000 | 27,908,000 | 28,767,000 | 27,829,000 | 25,599,000 | 23,772,000 | 20,890,000 | 21,649,000 | 20,469,000 | 18,586,000 | 18,381,000 | 19,083,000 | 17,140,000 | 15,804,000 | 16,876,000 | 15,365,000 | 14,200,000 | 13,171,000 | 13,512,000 | 13,026,000 | 12,228,000 | 11,934,000 | 11,908,000 | 11,808,000 | 10,991,000 | 10,709,000 | 10,693,000 | 10,296,000 | 9,486,000 | 10,313,000 | 9,893,000 | 9,852,000 | 9,023,000 | 8,452,000 | 8,547,000 | 8,181,000 | 7,288,000 | 7,102,000 | 7,754,000 | 6,923,000 | 6,405,000 | 6,197,000 | 7,130,000 | 5,172,000 | 4,773,000 | 4,394,000 | 4,822,000 | 3,630,000 | 3,289,000 | 3,008,000 | 2,990,000 | 2,634,000 | 2,442,000 | 2,100,000 | 1,908,000 | 1,681,000 | 1,488,000 | 1,463,000 | 6,000 | 323,000 | 116,000 | 6,000 | |||
depreciation and amortization | 38,251,000 | 28,376,000 | 28,024,000 | 26,929,000 | 25,907,000 | 24,058,000 | 23,012,000 | 20,939,000 | 18,583,000 | 18,245,000 | 18,232,000 | 18,159,000 | 18,536,000 | 16,957,000 | 15,288,000 | 14,982,000 | 13,707,000 | 13,636,000 | 11,968,000 | 11,376,000 | 11,192,000 | 12,124,000 | 11,459,000 | 11,100,000 | 11,847,000 | 11,105,000 | 10,648,000 | 10,415,000 | 10,250,000 | 10,057,000 | 9,774,000 | 10,735,000 | 10,015,000 | 9,595,000 | 9,076,000 | 9,184,000 | 9,185,000 | 8,872,000 | 8,080,000 | 8,262,000 | 12,065,000 | 8,106,000 | 8,229,000 | 7,626,000 | 5,123,000 | 4,918,000 | 4,763,000 | 4,366,000 | 3,685,000 | 3,264,000 | 2,896,000 | 2,737,000 | 3,012,000 | 2,482,000 | 1,918,000 | 1,825,000 | 1,377,000 | 1,042,000 | 959,000 | 15,000 | 427,000 | 185,000 | 15,000 | |||
general and administrative | 11,604,000 | 11,581,000 | 12,350,000 | 11,734,000 | 10,759,000 | 10,775,000 | 10,543,000 | 10,510,000 | 9,730,000 | 9,119,000 | 9,766,000 | 9,320,000 | 8,193,000 | 8,139,000 | 7,333,000 | 7,527,000 | 7,716,000 | 6,800,000 | 6,866,000 | 5,582,000 | 6,936,000 | 5,130,000 | 5,665,000 | 5,758,000 | 6,072,000 | 5,132,000 | 6,757,000 | 5,963,000 | 6,371,000 | 5,047,000 | 5,007,000 | 5,078,000 | 4,431,000 | 5,041,000 | 6,030,000 | 4,179,000 | 6,015,000 | 5,566,000 | 4,298,000 | 3,440,000 | 4,747,000 | 3,175,000 | 3,089,000 | 3,835,000 | 1,842,000 | 2,836,000 | 2,462,000 | 2,356,000 | 2,253,000 | 1,787,000 | 2,389,000 | 1,994,000 | 1,496,000 | 1,606,000 | 1,886,000 | 1,415,000 | 1,040,000 | 1,480,000 | 1,608,000 | 620,000 | 2,936,000 | 1,701,000 | 620,000 | |||
acquisition costs and other | 19,000 | 97,000 | 229,000 | 2,000 | 25,000 | 11,000 | 36,000 | 92,000 | 51,000 | 27,000 | 48,000 | 374,000 | 36,000 | 1,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 80,067,000 | 68,286,000 | 68,511,000 | 67,432,000 | 64,520,000 | 60,443,000 | 57,363,000 | 52,339,000 | 50,054,000 | 47,884,000 | 46,611,000 | 45,908,000 | 46,186,000 | 42,272,000 | 39,452,000 | 39,413,000 | 36,788,000 | 34,636,000 | 32,122,000 | 30,525,000 | 31,239,000 | 29,605,000 | 29,069,000 | 28,818,000 | 29,724,000 | 27,275,000 | 28,115,000 | 27,071,000 | 26,912,000 | 24,712,000 | 25,099,000 | 25,708,000 | 24,297,000 | 23,659,000 | 23,568,000 | 21,911,000 | 24,371,000 | 22,422,000 | 19,964,000 | 20,415,000 | 24,797,000 | 17,905,000 | 17,729,000 | 21,809,000 | 14,105,000 | 12,806,000 | 12,230,000 | 12,426,000 | 11,005,000 | 9,131,000 | 8,906,000 | 8,178,000 | 7,582,000 | 7,290,000 | 6,228,000 | 5,862,000 | 4,241,000 | 5,266,000 | 4,312,000 | 771,000 | 5,592,000 | 2,351,000 | 771,000 | |||
other income | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 792,000 | 1,369,000 | 1,944,000 | 1,223,000 | 2,511,000 | 2,347,000 | 4,332,000 | 2,893,000 | 935,000 | 1,093,000 | 973,000 | 1,963,000 | 398,000 | 175,000 | 115,000 | 121,000 | 137,000 | 228,000 | 221,000 | 236,000 | 68,000 | 51,000 | 190,000 | 564,000 | 644,000 | 832,000 | 817,000 | 1,522,000 | 1,341,000 | 1,341,000 | 921,000 | 60,000 | 94,000 | 17,000 | 23,000 | 35,000 | 5,000 | 6,000 | 13,000 | 4,000 | 3,000 | 4,000 | 7,000 | 3,000 | 2,000 | -5,000 | 3,000 | 97,000 | 3,000 | 6,000 | 1,000 | 33,000 | 2,000 | 1,000 | -9,000 | 3,000 | 4,000 | 5,000 | 50,000 | 26,000 | ||||||
interest expense, including amortization | -9,526,000 | -8,367,000 | -7,037,000 | -7,927,000 | -5,261,000 | -4,900,000 | -5,520,000 | -5,240,000 | -5,707,000 | -5,814,000 | -5,900,000 | -7,375,000 | -7,457,000 | -6,265,000 | -5,047,000 | -5,081,000 | -5,207,000 | -4,686,000 | -4,016,000 | -4,145,000 | -4,195,000 | -3,887,000 | -3,909,000 | -4,006,000 | -4,069,000 | -3,952,000 | -4,053,000 | -4,264,000 | -4,494,000 | -4,406,000 | -4,626,000 | -4,685,000 | -4,691,000 | -4,514,000 | -3,806,000 | -3,766,000 | -3,642,000 | -3,265,000 | -3,076,000 | -3,070,000 | -3,095,000 | -2,211,000 | -2,159,000 | -2,174,000 | -1,869,000 | -1,473,000 | -1,661,000 | -1,588,000 | -1,604,000 | -1,549,000 | -1,540,000 | -1,521,000 | -1,740,000 | -1,604,000 | -1,116,000 | -1,012,000 | -795,000 | -464,000 | -368,000 | -3,000 | -237,000 | |||||
gain on sales of real estate investments | 109,537,000 | 62,412,000 | 54,643,000 | 11,842,000 | 39,664,000 | 5,715,000 | 25,899,000 | 12,257,000 | 36,118,000 | 76,048,000 | 13,442,000 | 3,185,000 | 9,016,000 | 17,750,000 | 3,144,000 | 1,782,000 | 4,465,000 | 13,624,000 | 11,703,000 | 3,283,000 | 5,105,000 | 15,449,000 | 10,100,000 | 1,892,000 | 5,248,000 | 4,248,000 | 6,319,000 | |||||||||||||||||||||||||||||||||||||||
total other income | 100,803,000 | 55,414,000 | 49,550,000 | 5,138,000 | 36,914,000 | -2,553,000 | -1,188,000 | 3,368,000 | 21,127,000 | -4,721,000 | 7,330,000 | -5,412,000 | 29,059,000 | -6,090,000 | 71,116,000 | 8,372,000 | -1,273,000 | -3,795,000 | -3,909,000 | -4,127,000 | 5,180,000 | 14,031,000 | -3,442,000 | -470,000 | -1,338,000 | -3,236,000 | 1,723,000 | |||||||||||||||||||||||||||||||||||||||
net income | 158,217,000 | 103,376,000 | 93,273,000 | 48,126,000 | 76,103,000 | 36,639,000 | 35,696,000 | 36,059,000 | 57,557,000 | 30,315,000 | 40,254,000 | 23,331,000 | 58,880,000 | 22,439,000 | 97,033,000 | 19,662,000 | 32,259,000 | 21,360,000 | 17,378,000 | 16,257,000 | 13,513,000 | 22,722,000 | 30,704,000 | 12,856,000 | 14,821,000 | 14,784,000 | 10,379,000 | 15,532,000 | 22,972,000 | 10,122,000 | 20,137,000 | 10,057,000 | 10,836,000 | 20,933,000 | 15,527,000 | 5,799,000 | 1,832,000 | 3,070,000 | 2,783,000 | 7,433,000 | 560,000 | 4,214,000 | 10,672,000 | -845,000 | 2,774,000 | 3,438,000 | 2,721,000 | 1,785,000 | 3,701,000 | 1,325,000 | 822,000 | 794,000 | 3,553,000 | 522,000 | ||||||||||||
yoy | 107.90% | 182.15% | 161.30% | 33.46% | 32.22% | 20.86% | -11.32% | 54.55% | -2.25% | 35.10% | -58.52% | 18.66% | 82.52% | 5.05% | 458.37% | 20.94% | 138.73% | -5.99% | -43.40% | 26.45% | -8.83% | 53.69% | 195.83% | -17.23% | -35.48% | 46.06% | -48.46% | 54.44% | 112.00% | -51.65% | 29.69% | 73.43% | 491.48% | 581.86% | 457.92% | -21.98% | 227.14% | -27.15% | -73.92% | -979.64% | -79.81% | 22.57% | 292.21% | -147.34% | -25.05% | 159.47% | 231.02% | 124.81% | 4.17% | 153.83% | ||||||||||||||||
qoq | 53.05% | 10.83% | 93.81% | -36.76% | 107.71% | 2.64% | -1.01% | -37.35% | 89.86% | -24.69% | 72.53% | -60.38% | 162.40% | -76.87% | 393.51% | -39.05% | 51.03% | 22.91% | 6.90% | 20.31% | -40.53% | -26.00% | 138.83% | -13.26% | 0.25% | 42.44% | -33.18% | -32.39% | 126.95% | -49.73% | 100.23% | -7.19% | -48.23% | 34.82% | 167.75% | 216.54% | -40.33% | 10.31% | -62.56% | 1227.32% | -86.71% | -60.51% | -1362.96% | -130.46% | -19.31% | 26.35% | 52.44% | -51.77% | 179.32% | 61.19% | 3.53% | -77.65% | 580.65% | |||||||||||||
net income margin % | 115.08% | 88.93% | 83.11% | 43.58% | 73.38% | 36.77% | 37.87% | 42.41% | 66.55% | 36.56% | 50.61% | 31.25% | 77.47% | 31.69% | 148.44% | 30.71% | 53.17% | 37.30% | 32.61% | 32.07% | 27.65% | 48.19% | 67.12% | 28.50% | 32.92% | 34.07% | 24.87% | 37.99% | 58.29% | 26.71% | 54.08% | 27.10% | 31.30% | 62.23% | 47.37% | 18.44% | 6.14% | 11.33% | 10.78% | 28.97% | 2.31% | 17.32% | 44.03% | -3.65% | 14.80% | 19.41% | 16.38% | 11.29% | 28.10% | 11.51% | 7.60% | 7.57% | 41.12% | 5.76% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | |
allocation to participating securities | -727,000 | -468,000 | -396,000 | -208,000 | -325,000 | -156,000 | -156,000 | -154,000 | -275,000 | -150,000 | -180,000 | -105,000 | -271,000 | -107,000 | -382,000 | -81,000 | -120,000 | -87,000 | -53,000 | -51,000 | -123,000 | -194,000 | -194,000 | -83,000 | -94,000 | -95,000 | -64,000 | -98,000 | -145,000 | -66,000 | -125,000 | -65,000 | -75,000 | -136,000 | -107,000 | -34,000 | -5,000 | -18,000 | -15,000 | -58,000 | -15,000 | -39,000 | -28,000 | -2,000 | -12,000 | -7,000 | -6,000 | -2,000 | -2,000 | |||||||||||||||||
net income available to common stockholders | 157,490,000 | 102,908,000 | 92,877,000 | 47,918,000 | 75,778,000 | 36,483,000 | 35,540,000 | 35,905,000 | 57,282,000 | 30,165,000 | 40,074,000 | 23,226,000 | 58,609,000 | 22,332,000 | 96,651,000 | 19,581,000 | 32,139,000 | 21,273,000 | 17,325,000 | 16,206,000 | 16,501,250 | 22,528,000 | 30,510,000 | 12,773,000 | 10,109,500 | 14,689,000 | 10,315,000 | 15,434,000 | 2.5 | 20 | -757,000 | |||||||||||||||||||||||||||||||||||
earnings per common share - basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders - basic | 1,540 | 1,000 | 900 | 480 | 780 | 370 | 370 | 400 | 680 | 360 | 480 | 290 | 770 | 300 | 1,280 | 260 | 440 | 300 | 250 | 240 | 245 | 330 | 450 | 190 | 160 | 220 | 160 | 250 | ||||||||||||||||||||||||||||||||||||||
net income available to common stockholders - diluted | 1,530 | 1,000 | 900 | 470 | 780 | 370 | 370 | 400 | 680 | 360 | 480 | 290 | 770 | 300 | 1,280 | 260 | 440 | 300 | 250 | 240 | 242.5 | 330 | 450 | 190 | 157.5 | 220 | 160 | 250 | ||||||||||||||||||||||||||||||||||||||
basic weighted-average common shares outstanding | 102,459,881,000 | 102,912,261,000 | 102,888,326,000 | 100,767,821,000 | 95,524,549,000 | 97,561,792,000 | 96,289,755,000 | 88,873,871,000 | 83,169,028,000 | 84,041,413,000 | 83,116,241,000 | 79,895,886,000 | 75,498,107,000 | 75,495,232,000 | 75,250,655,000 | 75,199,529,000 | 70,534,202,000 | 70,516,787,000 | 69,580,253,000 | 68,603,068,000 | 67,762,927,000 | 68,112,661,000 | 67,622,005,000 | 67,062,582,000 | 64,428,406,000 | 65,724,426,000 | 63,780,645,000 | 61,456,965,000 | ||||||||||||||||||||||||||||||||||||||
diluted weighted-average common shares outstanding | 102,723,758,000 | 103,136,057,000 | 103,012,111,000 | 101,046,910,000 | 95,842,137,000 | 97,870,794,000 | 96,406,139,000 | 89,436,149,000 | 83,371,099,000 | 84,266,740,000 | 83,116,241,000 | 80,344,742,000 | 75,586,480,000 | 75,588,750,000 | 75,340,872,000 | 75,284,498,000 | 70,793,670,000 | 70,752,863,000 | 69,808,430,000 | 68,862,922,000 | 68,170,066,000 | 68,372,515,000 | 68,029,144,000 | 67,469,721,000 | 64,722,976,000 | 66,018,996,000 | 64,075,215,000 | 61,604,250,000 | ||||||||||||||||||||||||||||||||||||||
acquisition costs | 28,000 | 117,000 | 55,000 | 85,000 | 123,000 | 11,000 | 52,000 | -3,000 | 47,000 | 1,000 | -5,000 | 122,000 | 5,000 | 2,000 | -1,000 | 10,000 | 1,000 | 990,000 | 696,000 | 484,000 | 959,000 | 1,062,000 | 219,000 | 214,000 | 3,218,000 | 1,968,000 | 279,000 | 611,000 | 882,000 | 1,437,000 | 791,000 | 613,000 | 457,000 | 440,000 | 760,000 | 324,000 | 714,000 | 143,000 | 1,256,000 | 282,000 | 130,000 | 1,906,000 | 349,000 | 130,000 | ||||||||||||||||||||||
total other expense | -4,960,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues | 30,841,000 | 29,702,000 | 28,906,000 | 28,734,000 | 26,700,000 | 26,452,000 | 25,710,000 | 24,467,000 | 23,217,000 | 21,288,000 | 20,515,000 | 19,998,000 | 19,311,000 | 19,337,000 | 19,444,000 | 17,807,000 | 14,860,000 | 14,013,000 | 13,184,000 | 12,071,000 | 10,426,000 | 9,191,000 | 8,518,000 | 8,097,000 | 6,608,000 | 7,195,000 | 6,051,000 | 5,306,000 | 4,777,000 | 3,766,000 | 3,370,000 | 12,000 | 987,000 | 345,000 | 12,000 | |||||||||||||||||||||||||||||||
tenant expense reimbursements | 8,572,000 | 8,197,000 | 8,332,000 | 8,373,000 | 7,925,000 | 7,188,000 | 7,068,000 | 6,974,000 | 6,623,000 | 5,816,000 | 5,302,000 | 5,659,000 | 4,889,000 | 4,990,000 | 4,793,000 | 5,324,000 | 3,887,000 | 3,701,000 | 3,426,000 | 3,733,000 | 2,743,000 | 2,325,000 | 2,297,000 | 2,390,000 | 2,032,000 | 1,871,000 | 1,548,000 | 1,300,000 | ||||||||||||||||||||||||||||||||||||||
total other income and expenses | 898,000 | -3,065,000 | 7,998,000 | -1,342,000 | 508,000 | 10,952,000 | 6,317,000 | -3,731,000 | -3,637,000 | -1,612,000 | -3,070,000 | 2,191,000 | 1,157,000 | -2,208,000 | 4,164,000 | -2,167,000 | -1,868,000 | -1,470,000 | -1,659,000 | -1,593,000 | -1,601,000 | -1,452,000 | -1,537,000 | -1,515,000 | -1,739,000 | -1,571,000 | -1,114,000 | -1,011,000 | -804,000 | -461,000 | -364,000 | 2,000 | -187,000 | -82,000 | 2,000 | |||||||||||||||||||||||||||||||
redemption of preferred stock | -1,767,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -178,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -891,000 | -713,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income, net of redemption of preferred stock and preferred stock dividends | 22,972,000 | 10,122,000 | 10,836,000 | 18,988,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders, net of redemption of preferred stock and preferred stock dividends | 22,827,000 | 10,056,000 | 10,761,000 | 18,852,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average common shares outstanding | 57,486,399,000 | 58,369,252,000 | 56,698,959,000 | 55,127,580,000 | 51,357,719,000 | 52,804,611,000 | 50,325,668,000 | 47,645,321,000 | 44,725,936,000 | 45,762,761,000 | 43,839,910,000 | 42,995,106,000 | 42,861,276,000 | 42,906,222,000 | 42,898,126,000 | 42,731,802,000 | 30,433,017,000 | 32,937,432,000 | 28,419,154,000 | 24,850,760,000 | 21,011,276,000 | 24,208,008,000 | 19,076,760,000 | 15,792,553,000 | 13,135,440,000 | 13,284,894,000 | 13,276,892 | 12,686,573 | 9,161,805 | 9,174,274 | 9,164,741 | 9,132,766 | 9,112,000 | 9,112,000 | 9,112,000 | 9,112,000 | 9,112,000 | |||||||||||||||||||||||||||||
net income, net of preferred stock dividends | 20,137,000 | 10,057,000 | 14,636,000 | 4,908,000 | 941,000 | 2,179,000 | 1,892,000 | 6,542,000 | -331,000 | 3,323,000 | 9,781,000 | -1,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders, net of preferred stock dividends | 20,012,000 | 9,992,000 | 14,529,000 | 4,874,000 | 936,000 | 2,161,000 | 1,877,000 | 6,484,000 | -346,000 | 3,284,000 | 9,753,000 | -1,736,000 | 7,125,820 | 80 | 60 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share—basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 2,774,000 | 3,438,000 | 2,721,000 | 1,785,000 | 563,000 | 933,000 | 372,000 | 794,000 | -681,000 | 205,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 360,000 | 392,000 | 450,000 | 197,000 | 317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive income, net of preferred stock dividends | 1,317,500 | 2,547,000 | 1,830,000 | 894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive income available to common stockholders, net of preferred stock dividends | 1,311,250 | 2,535,000 | 1,823,000 | 888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders, net of preferred stock dividends | 50 | 80 | 60 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive income | 66,500 | 434,000 | -69,000 | 257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive income available to common stockholders | 66,500 | 432,000 | -69,000 | 255,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders | -10 | -20 | -30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations available to common stockholders | -20 | -10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive loss available to common stockholders | -97,000 | -50,250 | -191,000 | -267,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders | -10 | -5 | -10 | -268,000 | -1,961,000 | -1,306,000 | -4,792,000 | -2,088,000 | -757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share-basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 85 | 120 | 0.12 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net income available to common stockholders per share | 0.02 | -0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net loss available to common stockholders per share | -0.02 | -0.03 | -0.21 | -0.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders per share | -0.53 | -0.23 | -0.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs amortization | -3,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 3,020,445,000 | 2,945,595,000 | 2,619,297,000 | 2,596,448,000 | 2,586,471,000 | 2,348,670,000 | 2,333,159,000 | 1,986,161,000 | 1,995,494,000 | 1,933,179,000 | 1,938,868,000 | 1,930,385,000 | 1,850,860,000 | 1,806,657,000 | 1,732,321,000 | 1,553,229,000 | 1,556,952,000 | 1,339,382,000 | 1,237,737,000 | 1,199,842,000 | 1,138,233,000 | 1,094,059,000 | 1,077,501,000 | 1,067,535,000 | 1,055,146,000 | 1,046,485,000 | 930,180,000 | 895,442,000 | 833,995,000 | 803,148,000 | 759,705,000 | 759,700,000 | 759,659,000 | 693,316,000 | 663,946,000 | 572,086,000 | 570,181,000 | 545,635,000 | 514,493,000 | 505,969,000 | 491,217,000 | 464,656,000 | 470,931,000 | 464,871,000 | 388,007,000 | 348,994,000 | 337,175,000 | 313,260,000 | 301,802,000 | 261,600,000 | 245,466,000 | 223,479,000 | 218,191,000 | 200,286,000 | 170,687,000 | 135,412,000 | 133,464,000 | 111,424,000 | 102,595,000 | 75,069,000 | 71,861,000 | 51,433,000 | 6,182,000 | 6,182,000 | |
buildings and improvements | 2,328,890,000 | 2,280,767,000 | 2,093,987,000 | 2,141,192,000 | 2,107,312,000 | 1,858,948,000 | 1,823,523,000 | 1,569,386,000 | 1,561,532,000 | 1,519,178,000 | 1,509,858,000 | 1,491,374,000 | 1,372,473,000 | 1,363,240,000 | 1,303,031,000 | 1,212,835,000 | 1,210,591,000 | 1,051,571,000 | 1,014,832,000 | 987,614,000 | 942,688,000 | 931,215,000 | 901,215,000 | 895,743,000 | 909,201,000 | 896,826,000 | 869,907,000 | 849,968,000 | 837,816,000 | 823,921,000 | 797,721,000 | 796,744,000 | 801,242,000 | 756,443,000 | 736,470,000 | 713,207,000 | 710,277,000 | 683,856,000 | 632,402,000 | 616,876,000 | 608,415,000 | 560,412,000 | 544,177,000 | 533,578,000 | 470,348,000 | 382,497,000 | 366,396,000 | 341,582,000 | 317,944,000 | 259,901,000 | 238,207,000 | 212,657,000 | 204,137,000 | 187,250,000 | 156,420,000 | 122,902,000 | 116,287,000 | 96,211,000 | 86,940,000 | 59,697,000 | 56,222,000 | 43,041,000 | 6,632,000 | 6,632,000 | |
construction in progress | 217,355,000 | 220,364,000 | 247,480,000 | 198,339,000 | 219,652,000 | 287,804,000 | 292,555,000 | 399,478,000 | 343,485,000 | 339,380,000 | 271,414,000 | 248,146,000 | 51,896,000 | 44,320,000 | 99,142,000 | 125,198,000 | 65,157,000 | 99,949,000 | 77,323,000 | 65,883,000 | 61,448,000 | 61,183,000 | 89,813,000 | 102,467,000 | 101,253,000 | 96,917,000 | 101,080,000 | 91,492,000 | 94,695,000 | 91,055,000 | 88,337,000 | 77,263,000 | 34,860,000 | 27,787,000 | 24,919,000 | 23,791,000 | |||||||||||||||||||||||||||||
intangible assets | 223,546,000 | 231,266,000 | 213,461,000 | 210,794,000 | 208,475,000 | 177,258,000 | 178,315,000 | 146,934,000 | 147,329,000 | 138,554,000 | 140,799,000 | 139,814,000 | 123,545,000 | 125,715,000 | 121,946,000 | 113,578,000 | 114,126,000 | 101,175,000 | 96,559,000 | 92,856,000 | 88,859,000 | 86,210,000 | 87,791,000 | 87,657,000 | 88,594,000 | 89,926,000 | 86,183,000 | 82,844,000 | 79,270,000 | 79,414,000 | 76,594,000 | 76,027,000 | 76,029,000 | 70,407,000 | 68,084,000 | 62,161,000 | 62,580,000 | 60,652,000 | 57,240,000 | 55,687,000 | 55,369,000 | 55,810,000 | 54,324,000 | 53,075,000 | 42,918,000 | 36,474,000 | 36,149,000 | 34,187,000 | 32,093,000 | 26,224,000 | 24,158,000 | 23,587,000 | 23,020,000 | 22,177,000 | 17,913,000 | 15,157,000 | 14,833,000 | 12,269,000 | 11,036,000 | 8,489,000 | 8,280,000 | 7,643,000 | |||
total investments in properties | 5,790,236,000 | 5,677,992,000 | 5,174,225,000 | 5,146,773,000 | 5,121,910,000 | 4,672,680,000 | 4,627,552,000 | 4,101,959,000 | 4,047,840,000 | 3,930,291,000 | 3,860,939,000 | 3,809,719,000 | 3,398,774,000 | 3,339,932,000 | 3,256,440,000 | 3,004,840,000 | 2,946,826,000 | 2,592,077,000 | 2,426,451,000 | 2,346,195,000 | 2,231,228,000 | 2,172,667,000 | 2,156,320,000 | 2,153,402,000 | 2,154,194,000 | 2,130,154,000 | 1,987,350,000 | 1,919,746,000 | 1,845,776,000 | 1,797,538,000 | 1,722,357,000 | 1,709,734,000 | 1,636,930,000 | 1,520,166,000 | 1,468,500,000 | 1,347,454,000 | 1,343,038,000 | 1,290,143,000 | 1,238,995,000 | 1,206,319,000 | 1,179,920,000 | 1,104,669,000 | 1,069,432,000 | 1,051,524,000 | 901,273,000 | 767,965,000 | 739,720,000 | 689,029,000 | 651,839,000 | 547,725,000 | 507,831,000 | 459,723,000 | 445,348,000 | 409,713,000 | 345,020,000 | 273,471,000 | 264,584,000 | 219,904,000 | 200,571,000 | 143,255,000 | 136,363,000 | 102,117,000 | 12,814,000 | 12,814,000 | |
accumulated depreciation and amortization | -531,839,000 | -508,230,000 | -483,273,000 | -492,204,000 | -466,553,000 | -445,544,000 | -425,534,000 | -403,197,000 | -384,480,000 | -370,237,000 | -354,978,000 | -337,317,000 | -323,631,000 | -310,496,000 | -296,568,000 | -281,634,000 | -279,062,000 | -265,628,000 | -260,128,000 | -248,413,000 | -238,073,000 | -227,294,000 | -218,971,000 | -212,076,000 | -208,279,000 | -199,838,000 | -189,719,000 | -179,115,000 | -169,772,000 | -162,150,000 | -153,228,000 | -146,334,000 | -139,814,000 | -130,611,000 | -122,894,000 | -116,912,000 | -109,357,000 | -100,466,000 | -92,391,000 | -84,764,000 | -77,641,000 | -66,955,000 | -59,507,000 | -51,456,000 | -45,446,000 | -40,853,000 | -35,795,000 | -31,631,000 | -27,103,000 | -23,285,000 | -19,904,000 | -18,513,000 | -15,648,000 | -12,906,000 | -10,818,000 | -8,811,000 | -7,063,000 | -5,392,000 | -3,844,000 | -2,635,000 | -1,502,000 | -499,000 | -209,000 | -8,000 | |
net investments in properties | 5,258,397,000 | 5,169,762,000 | 4,690,952,000 | 4,654,569,000 | 4,655,357,000 | 4,227,136,000 | 4,202,018,000 | 3,698,762,000 | 3,663,360,000 | 3,560,054,000 | 3,505,961,000 | 3,472,402,000 | 3,075,143,000 | 3,029,436,000 | 2,959,872,000 | 2,723,206,000 | 2,326,449,000 | 2,097,782,000 | 1,945,373,000 | 1,937,349,000 | 1,941,326,000 | 1,930,316,000 | 1,635,388,000 | 1,389,555,000 | 1,345,606,000 | 1,230,542,000 | 1,233,681,000 | 1,189,677,000 | 1,146,604,000 | 1,121,555,000 | 1,102,279,000 | 1,037,714,000 | 1,009,925,000 | 1,000,068,000 | 855,827,000 | 727,112,000 | 703,925,000 | 657,398,000 | 624,736,000 | 524,440,000 | 487,927,000 | 441,210,000 | 429,700,000 | 396,807,000 | 334,202,000 | 264,660,000 | 257,521,000 | 214,512,000 | 196,727,000 | 140,620,000 | 134,861,000 | 101,618,000 | 12,605,000 | 12,806,000 | |||||||||||
properties held for sale | 2,344,000 | 30,391,000 | 61,525,000 | 6,258,000 | 10,844,000 | 7,266,000 | 12,312,000 | 10,198,000 | 30,582,000 | 18,302,000 | 11,825,000 | 31,826,000 | 6,005,000 | 2,538,000 | 6,050,000 | 23,189,000 | 14,957,000 | 3,855,000 | 4,979,000 | 6,315,000 | 6,315,000 | 12,975,000 | 6,315,000 | 14,973,000 | 14,973,000 | 11,775,000 | |||||||||||||||||||||||||||||||||||||||
net investments in real estate | 5,260,741,000 | 5,200,153,000 | 4,752,477,000 | 4,654,569,000 | 4,661,615,000 | 4,237,980,000 | 3,567,320,000 | 3,484,714,000 | 3,039,634,000 | 2,753,788,000 | 2,667,764,000 | 2,344,751,000 | 2,166,323,000 | 1,993,155,000 | 1,949,174,000 | 1,973,152,000 | 1,945,915,000 | 1,936,321,000 | 1,797,631,000 | 1,740,631,000 | 1,676,004,000 | 1,637,926,000 | 1,569,129,000 | 1,563,400,000 | 1,497,116,000 | 1,395,605,000 | 1,368,795,000 | 1,245,499,000 | 1,233,681,000 | 1,189,677,000 | 1,150,459,000 | 1,121,555,000 | 1,107,258,000 | 1,044,029,000 | 1,016,240,000 | 1,013,043,000 | 862,142,000 | 539,413,000 | 502,900,000 | 408,582,000 | |||||||||||||||||||||||||
cash and cash equivalents | 25,020,000 | 26,153,000 | 128,368,000 | 156,502,000 | 18,070,000 | 243,670,000 | 181,989,000 | 649,575,000 | 165,400,000 | 96,196,000 | 58,920,000 | 11,054,000 | 26,393,000 | 10,153,000 | 7,237,000 | 106,278,000 | 204,404,000 | 68,732,000 | 39,955,000 | 29,377,000 | 107,180,000 | 155,324,000 | 148,269,000 | 69,733,000 | 110,082,000 | 54,553,000 | 117,188,000 | 59,750,000 | 31,004,000 | 3,587,000 | 27,701,000 | 7,476,000 | 35,710,000 | 109,058,000 | 4,481,000 | 11,073,000 | 14,208,000 | 10,919,000 | 22,196,000 | 3,580,000 | 22,450,000 | 49,654,000 | 26,690,000 | 35,206,000 | 190,601,000 | 21,115,000 | 29,626,000 | 5,200,000 | 6,989,000 | 62,004,000 | 4,637,000 | 15,712,000 | 5,930,000 | 4,619,000 | 4,705,000 | 16,778,000 | 3,249,000 | 6,729,000 | 4,079,000 | 47,947,000 | 57,253,000 | 91,475,000 | 162,304,000 | 163,333,000 | |
restricted cash | 568,000 | 608,000 | 467,000 | 624,000 | 282,000 | 261,000 | 461,000 | 10,874,000 | 836,000 | 4,026,000 | 1,101,000 | 2,605,000 | 1,690,000 | 844,000 | 3,096,000 | 3,246,000 | 397,000 | 4,970,000 | 2,753,000 | 1,028,000 | 656,000 | 690,000 | 515,000 | 297,000 | 2,657,000 | 2,862,000 | 2,976,000 | 2,630,000 | 3,475,000 | 4,466,000 | 5,510,000 | 4,030,000 | 7,090,000 | 4,265,000 | 4,568,000 | 6,021,000 | 4,270,000 | 3,550,000 | 2,216,000 | 2,323,000 | 2,658,000 | 6,186,000 | 5,357,000 | 4,671,000 | 6,963,000 | 2,975,000 | 3,025,000 | 2,861,000 | 2,560,000 | 2,607,000 | 2,500,000 | 2,454,000 | 2,057,000 | 2,250,000 | 4,332,000 | 2,185,000 | 2,139,000 | 2,507,000 | |||||||
other assets | 101,754,000 | 102,274,000 | 100,899,000 | 94,965,000 | 90,189,000 | 88,960,000 | 82,373,000 | 79,588,000 | 75,081,000 | 71,923,000 | 71,470,000 | 79,996,000 | 61,215,000 | 58,043,000 | 58,677,000 | 57,029,000 | 51,650,000 | 53,050,000 | 44,953,000 | 43,504,000 | 38,829,000 | 35,306,000 | 37,448,000 | 32,313,000 | 33,952,000 | 35,699,000 | 33,990,000 | 41,385,000 | 31,529,000 | 30,924,000 | 30,104,000 | 29,150,000 | 27,955,000 | 27,079,000 | 32,909,000 | 29,075,000 | 26,822,000 | 25,243,000 | 32,777,000 | 22,664,000 | 18,926,000 | 18,813,000 | 17,463,000 | 15,908,000 | 14,074,000 | 13,158,000 | 12,343,000 | 10,668,000 | 9,143,000 | 9,559,000 | 8,505,000 | 6,291,000 | 5,744,000 | 7,150,000 | 6,239,000 | 4,964,000 | 3,370,000 | 2,472,000 | 3,543,000 | 4,395,000 | 1,472,000 | 941,000 | 925,000 | 554,000 | |
total assets | 5,388,083,000 | 5,329,188,000 | 4,982,211,000 | 4,906,660,000 | 4,770,156,000 | 4,570,871,000 | 4,466,841,000 | 4,438,799,000 | 3,904,677,000 | 3,739,465,000 | 3,637,452,000 | 3,578,369,000 | 3,164,441,000 | 3,108,674,000 | 3,028,882,000 | 2,920,341,000 | 2,924,215,000 | 2,471,503,000 | 2,253,984,000 | 2,171,691,000 | 2,139,820,000 | 2,136,693,000 | 2,135,406,000 | 2,086,409,000 | 2,108,464,000 | 2,045,251,000 | 1,967,558,000 | 1,860,206,000 | 1,796,504,000 | 1,731,248,000 | 1,686,642,000 | 1,604,056,000 | 1,567,871,000 | 1,536,007,000 | 1,410,753,000 | 1,291,668,000 | 1,278,981,000 | 1,229,389,000 | 1,207,648,000 | 1,150,872,000 | 1,152,138,000 | 1,121,814,000 | 1,068,407,000 | 1,071,623,000 | 1,076,766,000 | 766,792,000 | 751,496,000 | 677,870,000 | 645,324,000 | 615,654,000 | 520,785,000 | 468,079,000 | 445,318,000 | 424,545,000 | 351,434,000 | 290,129,000 | 267,049,000 | 227,098,000 | 205,116,000 | 193,671,000 | 194,382,000 | 194,435,000 | 176,227,000 | 177,122,000 | 1,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit facility | 200,000,000 | 280,000,000 | 82,000,000 | 10,000,000 | 12,000,000 | 19,000,000 | 21,850,000 | 5,350,000 | 40,350,000 | 21,000,000 | 16,000,000 | 51,500,000 | 20,000,000 | 5,000,000 | 15,000,000 | 67,500,000 | 31,000,000 | 3,500,000 | 65,429,000 | 51,429,000 | 22,000,000 | 41,000,000 | 11,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||
term loans payable | 199,616,000 | 199,557,000 | 199,498,000 | 199,439,000 | 199,380,000 | 199,321,000 | 199,262,000 | 199,204,000 | 199,145,000 | 199,086,000 | 199,027,000 | 198,968,000 | 198,993,000 | 198,939,000 | 99,545,000 | 99,520,000 | 99,495,000 | 99,470,000 | 99,896,000 | 99,844,000 | 99,739,000 | 99,687,000 | 99,635,000 | 99,583,000 | 149,312,000 | 149,231,000 | 149,149,000 | 149,067,000 | 149,114,000 | 149,044,000 | 148,974,000 | 148,897,000 | 148,827,000 | 148,756,000 | 148,686,000 | 148,616,000 | 148,546,000 | 199,071,000 | 199,007,000 | 198,943,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 58,000,000 | 58,000,000 | |||||||||||||||||||
senior unsecured notes | 473,422,000 | 473,304,000 | 473,187,000 | 473,070,000 | 472,953,000 | 472,836,000 | 572,714,000 | 572,566,000 | 572,418,000 | 572,269,000 | 572,121,000 | 571,973,000 | 571,825,000 | 571,676,000 | 621,514,000 | 621,344,000 | 621,175,000 | 497,153,000 | 348,258,000 | 348,160,000 | 348,063,000 | 347,966,000 | 347,869,000 | 347,771,000 | 347,674,000 | 248,488,000 | 248,413,000 | 248,338,000 | 248,263,000 | 248,188,000 | 248,113,000 | 248,038,000 | 247,955,000 | 247,880,000 | 148,629,000 | 148,638,000 | 148,594,000 | 148,550,000 | 98,961,000 | 99,067,000 | 99,023,000 | 50,000,000 | |||||||||||||||||||||||
mortgage loan payable | 70,298,000 | 70,000,000 | 69,701,000 | 69,403,000 | 69,104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 47,570,000 | 42,684,000 | 40,123,000 | 40,510,000 | 39,758,000 | 37,351,000 | 36,797,000 | 33,742,000 | 32,934,000 | 32,570,000 | 32,207,000 | 29,791,000 | 27,454,000 | 27,247,000 | 26,559,000 | 25,539,000 | 23,914,000 | 22,268,000 | 19,783,000 | 18,009,000 | 13,870,000 | 14,056,000 | 14,368,000 | 14,247,000 | 14,149,000 | 13,501,000 | 12,880,000 | 12,147,000 | 11,933,000 | 11,340,000 | 11,099,000 | 10,973,000 | 11,058,000 | 10,494,000 | 9,923,000 | 9,657,000 | 9,922,000 | 8,757,000 | 8,238,000 | 7,696,000 | 7,508,000 | 7,035,000 | 6,857,000 | 6,052,000 | 5,315,000 | 4,709,000 | 4,747,000 | 4,205,000 | 3,733,000 | 3,146,000 | 2,863,000 | 2,290,000 | 2,356,000 | 2,475,000 | 2,268,000 | 1,946,000 | 1,772,000 | 1,303,000 | 1,113,000 | 879,000 | 899,000 | 837,000 | 123,000 | 123,000 | |
intangible liabilities | 119,439,000 | 131,604,000 | 132,651,000 | 111,400,000 | 116,542,000 | 91,250,000 | 95,992,000 | 81,338,000 | 84,718,000 | 87,181,000 | 89,038,000 | 92,535,000 | 55,873,000 | 60,478,000 | 56,587,000 | 50,182,000 | 51,025,000 | 37,543,000 | 28,368,000 | 27,882,000 | 24,608,000 | 24,574,000 | 25,867,000 | 27,181,000 | 28,127,000 | 29,664,000 | 27,496,000 | 25,478,000 | 23,093,000 | 24,063,000 | 23,119,000 | 23,739,000 | 22,361,000 | 20,289,000 | 19,739,000 | 3,012,000 | 3,485,000 | 3,785,000 | 4,026,000 | 4,028,000 | 3,853,000 | 4,252,000 | 4,520,000 | 5,239,000 | 3,556,000 | 3,227,000 | 3,608,000 | 3,855,000 | 3,989,000 | 3,376,000 | 3,679,000 | 4,073,000 | 4,011,000 | 1,704,000 | 965,000 | 841,000 | 913,000 | 548,000 | 605,000 | 801,000 | 883,000 | 822,000 | |||
dividends payable | 54,133,000 | 53,767,000 | 50,629,000 | 50,625,000 | 48,871,000 | 48,871,000 | 43,528,000 | 43,517,000 | 39,052,000 | 38,424,000 | 33,501,000 | 33,209,000 | 30,753,000 | 30,427,000 | 25,686,000 | 25,680,000 | 25,618,000 | 24,239,000 | 20,428,000 | 20,091,000 | 19,870,000 | 19,829,000 | 18,485,000 | 18,314,000 | 18,158,000 | 18,093,000 | 15,719,000 | 15,109,000 | 14,643,000 | 14,186,000 | 12,843,000 | 12,220,000 | 12,181,000 | 12,005,000 | 10,473,000 | 9,903,000 | 9,483,000 | 9,283,000 | 8,290,000 | 7,814,000 | 7,796,000 | 6,931,000 | 6,885,000 | 6,860,000 | 6,859,000 | 4,633,000 | 4,633,000 | 3,254,000 | 3,249,000 | 3,249,000 | 2,501,000 | 2,307,000 | |||||||||||||
accounts payable and other liabilities | 77,327,000 | 82,692,000 | 73,434,000 | 66,688,000 | 79,216,000 | 89,947,000 | 77,863,000 | 63,848,000 | 61,783,000 | 72,965,000 | 63,294,000 | 52,021,000 | 49,692,000 | 57,814,000 | 57,406,000 | 43,795,000 | 45,025,000 | 40,358,000 | 35,437,000 | 23,988,000 | 26,688,000 | 29,187,000 | 23,307,000 | 19,987,000 | 27,699,000 | 25,432,000 | 23,612,000 | 24,812,000 | 24,893,000 | 22,666,000 | 22,013,000 | 18,016,000 | 21,270,000 | 22,387,000 | 20,701,000 | 19,064,000 | 18,220,000 | 30,603,000 | 21,755,000 | 15,514,000 | 18,424,000 | 14,931,000 | 11,957,000 | 11,822,000 | 9,499,000 | 13,025,000 | 9,751,000 | 8,239,000 | 6,205,000 | 7,690,000 | 6,575,000 | 4,885,000 | 6,633,000 | 8,004,000 | 7,382,000 | 7,013,000 | 6,038,000 | 5,635,000 | 4,364,000 | 3,132,000 | 2,425,000 | 2,093,000 | 822,000 | 610,000 | |
total liabilities | 1,241,805,000 | 1,333,608,000 | 1,039,223,000 | 1,011,135,000 | 1,107,824,000 | 939,576,000 | 1,026,156,000 | 994,215,000 | 990,050,000 | 1,002,495,000 | 989,188,000 | 978,497,000 | 934,590,000 | 956,581,000 | 899,297,000 | 866,060,000 | 866,252,000 | 721,031,000 | 552,170,000 | 537,974,000 | 551,636,000 | 552,196,000 | 546,140,000 | 543,687,000 | 591,341,000 | 539,365,000 | 531,380,000 | 527,030,000 | 548,707,000 | 564,219,000 | 543,540,000 | 573,344,000 | 540,377,000 | 537,823,000 | 453,655,000 | 427,306,000 | 467,176,000 | 436,636,000 | 417,843,000 | 416,267,000 | 419,056,000 | 380,870,000 | 323,959,000 | 333,591,000 | 329,730,000 | 197,930,000 | 180,828,000 | 241,437,000 | 206,489,000 | 176,612,000 | 179,094,000 | 124,350,000 | 190,044,000 | 170,509,000 | 140,056,000 | 77,871,000 | 108,038,000 | 67,118,000 | 44,092,000 | 29,283,000 | 28,883,000 | 28,631,000 | 7,945,000 | 7,733,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock: 0.01 par value... | 1,037,000 | 1,030,000 | 1,030,000 | 1,030,000 | 994,000 | 994,000 | 964,000 | 963,000 | 876,000 | 850,000 | 833,000 | 827,000 | 765,000 | 757,000 | 752,000 | 752,000 | 752,000 | 712,000 | 704,000 | 693,000 | 686,000 | 684,000 | 684,000 | 677,000 | 673,000 | 670,000 | 656,000 | 632,000 | 610,000 | 592,000 | 584,000 | 556,000 | 553,000 | 546,000 | 524,000 | 496,000 | 474,000 | 464,000 | 461,000 | 435,000 | 430,000 | 430,000 | 430,000 | 428,000 | 428,000 | 330,000 | 330,000 | 249,000 | 249,000 | 249,000 | 192,000 | 192,000 | 133,000 | 133,000 | 133,000 | 132,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | |
additional paid-in capital | 3,888,964,000 | 3,842,726,000 | 3,839,743,000 | 3,834,924,000 | 3,597,148,000 | 3,594,034,000 | 3,391,222,000 | 3,387,289,000 | 2,849,961,000 | 2,691,181,000 | 2,594,382,000 | 2,552,660,000 | 2,167,276,000 | 2,118,173,000 | 2,087,682,000 | 2,083,475,000 | 2,069,604,000 | 1,768,794,000 | 1,717,265,000 | 1,645,876,000 | 1,589,301,000 | 1,579,344,000 | 1,587,057,000 | 1,552,592,000 | 1,514,266,000 | 1,499,779,000 | 1,426,860,000 | 1,318,634,000 | 1,233,763,000 | 1,161,395,000 | 1,133,468,000 | 1,028,478,000 | 1,023,184,000 | 992,570,000 | 911,662,000 | 818,886,000 | 766,229,000 | 747,395,000 | 744,454,000 | 689,167,000 | 687,448,000 | 695,096,000 | 698,331,000 | 692,743,000 | 700,755,000 | 522,532,000 | 524,338,000 | 390,184,000 | 392,586,000 | 394,907,000 | 298,937,000 | 301,797,000 | 214,195,000 | 216,510,000 | 220,374,000 | 221,512,000 | 168,039,000 | 168,814,000 | 169,590,000 | 170,993,000 | 170,798,000 | 170,505,000 | 170,279,000 | 170,055,000 | |
common stock held in deferred compensation plan: 527,547 and 497,190 shares at december 31, 2025 and december 31, 2024, respectively. | -32,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 289,124,000 | 185,041,000 | 135,432,000 | 92,788,000 | 95,287,000 | 68,055,000 | 80,287,000 | 88,120,000 | 95,578,000 | 77,073,000 | 85,183,000 | 78,394,000 | 88,272,000 | 60,145,000 | 68,133,000 | -3,214,000 | 2,804,000 | 2,092,000 | 5,926,000 | 12,283,000 | 9,389,000 | 2,621,000 | 5,958,000 | 9,268,000 | 14,608,000 | 14,185,000 | 5,856,000 | 9,934,000 | 2,640,000 | 4,803,000 | 6,148,000 | ||||||||||||||||||||||||||||||||||
total stockholders’ equity | 4,146,278,000 | 3,995,580,000 | 3,942,988,000 | 3,895,525,000 | 3,662,332,000 | 3,631,295,000 | 3,440,685,000 | 3,444,584,000 | 2,914,627,000 | 2,736,970,000 | 2,648,264,000 | 2,599,872,000 | 2,229,851,000 | 2,152,093,000 | 2,129,585,000 | 2,054,281,000 | 2,057,963,000 | 1,750,472,000 | 1,701,814,000 | 1,633,717,000 | 1,588,184,000 | 1,584,497,000 | 1,589,266,000 | 1,542,722,000 | 1,517,123,000 | 1,505,886,000 | 1,436,178,000 | 1,333,176,000 | 1,247,797,000 | 1,167,029,000 | 1,143,102,000 | 1,030,712,000 | 1,027,494,000 | 998,184,000 | 957,098,000 | 864,362,000 | 811,805,000 | 792,753,000 | 789,805,000 | 734,605,000 | 733,082,000 | 740,944,000 | 744,448,000 | 738,032,000 | 747,036,000 | 568,862,000 | 570,668,000 | 436,433,000 | 438,835,000 | 439,042,000 | 341,691,000 | 343,729,000 | 255,274,000 | 254,036,000 | 212,258,000 | 159,011,000 | 159,980,000 | 161,024,000 | 164,388,000 | 165,499,000 | 165,804,000 | 168,282,000 | 169,389,000 | 1,000 | |
total liabilities and equity | 5,388,083,000 | 5,329,188,000 | 4,982,211,000 | 4,906,660,000 | 4,770,156,000 | 4,570,871,000 | 4,466,841,000 | 4,438,799,000 | 3,904,677,000 | 3,739,465,000 | 3,637,452,000 | 3,578,369,000 | 3,164,441,000 | 3,108,674,000 | 3,028,882,000 | 2,920,341,000 | 2,924,215,000 | 2,471,503,000 | 2,253,984,000 | 2,171,691,000 | 2,139,820,000 | 2,136,693,000 | 2,135,406,000 | 2,086,409,000 | 2,108,464,000 | 2,045,251,000 | 1,967,558,000 | 1,860,206,000 | 1,796,504,000 | 1,731,248,000 | 1,686,642,000 | 1,604,056,000 | 1,567,871,000 | 1,536,007,000 | 1,410,753,000 | 1,291,668,000 | 1,278,981,000 | 1,229,389,000 | 1,207,648,000 | 1,150,872,000 | 1,152,138,000 | 1,121,814,000 | 1,068,407,000 | 1,071,623,000 | 1,076,766,000 | 766,792,000 | 751,496,000 | 677,870,000 | 645,324,000 | 615,654,000 | 520,785,000 | 468,079,000 | 445,318,000 | 424,545,000 | 351,434,000 | 290,129,000 | 267,049,000 | 227,098,000 | 205,116,000 | 193,671,000 | 194,382,000 | 194,435,000 | 176,227,000 | 177,122,000 | |
common stock held in deferred compensation plan: 533,423 and 497,190 shares at september 30, 2025 and december 31, 2024, respectively. | -33,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 533,423 and 497,190 shares at june 30, 2025 and december 31, 2024, respectively. | -33,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 533,423 and 497,190 shares at march 31, 2025 and december 31, 2024, respectively. | -33,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 497,190 and 508,663 shares at december 31, 2024 and december 31, 2023, respectively. | -31,097,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 508,663 and 508,663 shares at september 30, 2024 and december 31, 2023, respectively. | -31,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 508,663 and 508,663 shares at june 30, 2024 and december 31, 2023, respectively. | -31,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan: 508,663 and 508,663 shares at march 31, 2024 and december 31, 2023, respectively. | -31,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 508,663 and 417,665 shares at december 31, 2023 and december 31, 2022, respectively. | -31,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 514,539 and 417,665 shares at september 30, 2023 and december 31, 2022, respectively. | -32,134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 514,539 and 417,665 shares at june 30, 2023 and december 31, 2022, respectively. | -32,134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 512,459 and 417,665 shares at march 31, 2023 and december 31, 2022, respectively. | -32,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 417,665 and 275,727 shares at december 31, 2022 and 2021, respectively. | -26,462,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 426,594 and 275,727 shares at september 30, 2022 and december 31, 2021, respectively. | -26,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 426,594 and 275,727 shares at june 30, 2022 and december 31, 2021, respectively. | -26,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 423,012 and 275,727 shares at march 31, 2022 and december 31, 2021, respectively. | -26,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance share awards payable | 7,482,000 | 5,467,000 | 5,069,000 | 4,950,000 | 11,633,000 | 10,189,000 | 8,979,000 | 6,586,000 | 12,048,000 | 9,310,000 | 8,009,000 | 6,641,000 | 11,824,000 | 10,677,000 | 8,742,000 | 6,230,000 | 10,739,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 275,727 and 139,224 shares at december 31, 2021 and 2020, respectively. | -15,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -77,000 | -183,000 | -268,000 | -318,000 | -364,000 | -437,000 | -521,000 | -606,000 | -698,000 | -761,000 | -814,000 | -884,000 | -962,000 | -1,046,000 | -1,080,000 | -1,088,000 | -1,020,000 | -898,000 | -1,106,000 | -1,110,000 | -997,000 | -796,000 | -582,000 | -313,000 | -294,000 | -147,000 | |||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 275,727 and 139,224 shares at september 30, 2021 and december 31, 2020, respectively. | -15,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained (deficit) earnings | -3,837,000 | -958,000 | -2,837,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans payable | 11,264,000 | 11,378,000 | 11,488,000 | 11,602,000 | 44,318,000 | 44,686,000 | 45,050,000 | 45,411,000 | 45,767,000 | 63,502,000 | 63,950,000 | 64,393,000 | 64,831,000 | 65,264,000 | 65,692,000 | 66,116,000 | 66,617,000 | 67,112,000 | 77,502,000 | 78,141,000 | 83,509,000 | 97,721,000 | 93,740,000 | 103,618,000 | 104,501,000 | 99,336,000 | 100,089,000 | 104,384,000 | 108,313,000 | 109,151,000 | 109,976,000 | 110,795,000 | 111,615,000 | 106,897,000 | 97,391,000 | 58,021,000 | 38,265,000 | 32,010,000 | 17,471,000 | 17,676,000 | 17,879,000 | ||||||||||||||||||||||||
common stock held in deferred compensation plan, 275,727 and 139,224 shares at june 30, 2021 and december 31, 2020, respectively. | -15,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 270,546 and 139,224 shares at march 31, 2021 and december 31, 2020, respectively | -14,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior secured loan | 10,914,000 | 15,858,000 | 15,816,000 | 15,773,000 | 15,810,000 | 54,492,000 | 54,345,000 | 54,198,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan payable | 99,791,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 10,050,000 | 10,050,000 | 20,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 139,224 and 0 shares at december 31, 2020 and december 31, 2019, respectively | -7,546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 139,224 and 0 shares at september 30, 2020 and december 31, 2019, respectively | -7,546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 139,224 and 0 shares at june 30, 2020 and december 31, 2019, respectively | -7,546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in deferred compensation plan, 135,494 and 0 shares at march 31, 2020 and december 31, 2019, respectively | -7,346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.01 par value... | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 750,000 | 846,000 | 3,132,000 | 2,657,000 | 2,795,000 | 2,986,000 | 2,432,000 | 2,577,000 | 1,743,000 | 1,896,000 | 2,071,000 | 2,243,000 | 2,412,000 | 1,887,000 | 1,944,000 | 1,956,000 | 1,542,000 | 770,000 | 878,000 | 767,000 | 709,000 | 796,000 | 401,000 | 393,000 | 429,000 | ||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -845,000 | -2,114,000 | -3,438,000 | -4,260,000 | -5,054,000 | -8,607,000 | -9,129,000 | -9,386,000 | -9,119,000 | -8,925,000 | -8,657,000 | -6,696,000 | -5,390,000 | -4,792,000 | -2,088,000 | -757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 211,378,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred underwriting fee payable | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage and term loans payable | 48,632,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities & stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity common shares | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid in capital | 990 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities & stockholders’ equity | 1,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 158,217,000 | 103,376,000 | 93,273,000 | 48,126,000 | 76,103,000 | 36,639,000 | 35,696,000 | 36,059,000 | 57,557,000 | 30,315,000 | 40,254,000 | 23,331,000 | 58,880,000 | 22,439,000 | 97,033,000 | 19,662,000 | 32,259,000 | 21,360,000 | 17,378,000 | 16,257,000 | 13,513,000 | 22,722,000 | 30,704,000 | 12,856,000 | 14,821,000 | 14,784,000 | 10,379,000 | 15,532,000 | 22,972,000 | 10,123,000 | 20,137,000 | 10,057,000 | 10,836,000 | 20,933,000 | 15,527,000 | 5,799,000 | 1,832,000 | 3,070,000 | 2,783,000 | 7,433,000 | 560,000 | 4,214,000 | 10,672,000 | -845,000 | 2,774,000 | 3,438,000 | 2,721,000 | 1,785,000 | 3,701,000 | 1,324,000 | 822,000 | 794,000 | 3,553,000 | |||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
straight-line rents | -3,394,000 | -4,398,000 | -3,702,000 | -3,914,000 | -2,789,000 | -3,113,000 | -1,953,000 | -1,451,000 | -1,959,000 | -2,295,000 | -2,042,000 | -2,173,000 | -2,027,000 | -2,889,000 | -2,124,000 | -2,313,000 | -2,838,000 | -2,254,000 | -2,181,000 | -1,410,000 | -1,412,000 | 2,269,000 | -902,000 | -316,000 | -298,000 | -614,000 | -948,000 | -737,000 | -522,000 | -738,000 | -1,152,000 | -1,047,000 | -792,000 | -856,000 | -966,000 | -1,043,000 | -1,616,000 | -589,000 | -1,089,000 | -1,446,000 | -761,000 | -944,000 | -876,000 | -1,308,000 | -673,000 | -903,000 | -715,000 | -453,000 | -583,000 | -977,000 | -1,004,000 | -441,000 | 366,000 | -959,000 | -1,188,000 | -892,000 | -320,000 | -807,000 | -310,000 | -8,000 | -8,000 | |
amortization of lease intangibles | -13,034,000 | -5,925,000 | -5,332,000 | -5,010,000 | -4,870,000 | -4,606,000 | -4,458,000 | -3,350,000 | -3,241,000 | -3,495,000 | -3,645,000 | -3,541,000 | -5,464,000 | -4,198,000 | -3,498,000 | -3,111,000 | -2,569,000 | -2,046,000 | -1,628,000 | -1,443,000 | -1,366,000 | -1,306,000 | -1,359,000 | -1,389,000 | -1,527,000 | -1,267,000 | -1,018,000 | -870,000 | -1,016,000 | -903,000 | -898,000 | -877,000 | -640,000 | -707,000 | -478,000 | -336,000 | -346,000 | -318,000 | -330,000 | -344,000 | -339,000 | -369,000 | -636,000 | -581,000 | -317,000 | -293,000 | -261,000 | -228,000 | -189,000 | -202,000 | -356,000 | -117,000 | 127,000 | 103,000 | 79,000 | 90,000 | 115,000 | 253,000 | 116,000 | 128,000 | 57,000 | |
depreciation and amortization | 38,251,000 | 28,376,000 | 28,024,000 | 26,929,000 | 25,907,000 | 24,058,000 | 23,012,000 | 20,939,000 | 18,583,000 | 18,245,000 | 18,232,000 | 18,159,000 | 18,536,000 | 16,957,000 | 15,288,000 | 14,982,000 | 13,707,000 | 13,636,000 | 11,968,000 | 11,376,000 | 11,192,000 | 12,124,000 | 11,459,000 | 11,100,000 | 11,847,000 | 11,105,000 | 10,648,000 | 10,415,000 | 10,250,000 | 10,057,000 | 9,774,000 | 10,735,000 | 10,015,000 | 9,595,000 | 9,076,000 | 9,184,000 | 9,185,000 | 8,872,000 | 8,080,000 | 8,262,000 | 12,065,000 | 8,106,000 | 8,229,000 | 7,626,000 | 5,123,000 | 4,918,000 | 4,763,000 | 4,366,000 | 3,685,000 | 3,264,000 | 2,795,000 | 2,737,000 | 3,012,000 | 2,378,000 | 1,918,000 | 1,825,000 | 1,521,000 | 2,001,000 | 959,000 | 427,000 | 185,000 | 20,000 |
gain on sales of real estate investments | -109,537,000 | -62,412,000 | -54,643,000 | -11,842,000 | -39,664,000 | 0 | 0 | -5,715,000 | -25,899,000 | 0 | -36,118,000 | 0 | -13,442,000 | 0 | -9,016,000 | -3,144,000 | -1,782,000 | 0 | -4,465,000 | -13,624,000 | 0 | -11,703,000 | -3,283,000 | -5,105,000 | -15,449,000 | 0 | -1,892,000 | 0 | -5,248,000 | -4,248,000 | 0 | |||||||||||||||||||||||||||||||
deferred financing cost and mortgage fair value adjustment amortization | 849,000 | 849,000 | 850,000 | 849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 4,324,000 | 4,276,000 | 4,870,000 | 4,252,000 | 3,805,000 | 3,777,000 | 3,988,000 | 3,356,000 | 3,343,000 | 3,280,000 | 3,805,000 | 3,038,000 | 2,653,000 | 2,679,000 | 2,010,000 | 2,829,000 | 2,547,000 | 2,360,000 | 2,677,000 | 1,970,000 | 3,473,000 | 1,858,000 | 2,316,000 | 2,179,000 | 2,492,000 | 1,992,000 | 3,660,000 | 2,500,000 | 3,248,000 | 1,793,000 | 2,187,000 | 2,042,000 | 1,471,000 | 2,411,000 | 3,325,000 | 1,525,000 | 3,474,000 | 3,037,000 | 1,922,000 | 1,011,000 | 2,510,000 | 889,000 | 1,041,000 | 1,641,000 | -247,000 | 955,000 | 827,000 | 525,000 | 523,000 | 295,000 | 877,000 | 442,000 | 109,000 | 311,000 | 600,000 | 101,000 | 818,000 | 351,000 | ||||
changes in assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 2,095,000 | 2,494,000 | -3,754,000 | -1,816,000 | 414,000 | 2,002,000 | -984,000 | -3,763,000 | -2,152,000 | 1,591,000 | -2,040,000 | -3,998,000 | -1,911,000 | 3,201,000 | 180,000 | -2,838,000 | -1,756,000 | 2,898,000 | -1,326,000 | -3,485,000 | -234,000 | -566,000 | -4,816,000 | 1,705,000 | 1,529,000 | -1,438,000 | 696,000 | -2,366,000 | 828,000 | -267,000 | -1,522,000 | -570,000 | -353,000 | 1,494,000 | -227,000 | -330,000 | -1,214,000 | 114,000 | -363,000 | -1,711,000 | 522,000 | -387,000 | -729,000 | -658,000 | 417,000 | 135,000 | -983,000 | -1,079,000 | 958,000 | 187,000 | -1,451,000 | -270,000 | 223,000 | 56,000 | -691,000 | -121,000 | -94,000 | -1,085,000 | -614,000 | -210,000 | ||
accounts payable and other liabilities | -7,505,000 | 12,893,000 | 1,048,000 | 3,859,000 | -8,194,000 | 10,861,000 | 8,642,000 | 577,000 | -7,569,000 | 5,235,000 | 5,868,000 | 3,602,000 | -741,000 | 7,226,000 | 2,047,000 | -1,483,000 | 5,559,000 | 6,160,000 | 5,827,000 | 2,497,000 | -1,852,000 | 3,579,000 | 3,252,000 | -4,301,000 | -61,000 | 1,417,000 | 402,000 | -216,000 | -1,757,000 | 1,074,000 | 3,864,000 | -2,713,000 | 88,000 | 2,290,000 | 1,112,000 | 1,006,000 | 514,000 | 3,361,000 | 1,364,000 | 428,000 | -110,000 | 1,684,000 | 1,260,000 | -234,000 | -883,000 | 2,337,000 | 156,000 | 837,000 | -1,605,000 | 511,000 | 1,496,000 | -1,296,000 | -778,000 | 1,215,000 | 1,406,000 | -135,000 | 294,000 | 474,000 | 280,000 | 1,332,000 | 686,000 | 320,000 |
net cash from operating activities | 70,266,000 | 79,529,000 | 60,634,000 | 61,433,000 | 51,326,000 | 69,992,000 | 64,330,000 | 47,039,000 | 39,051,000 | 53,263,000 | 48,562,000 | 38,801,000 | 34,191,000 | 45,792,000 | 35,194,000 | 28,033,000 | 33,767,000 | 39,217,000 | 33,069,000 | 26,155,000 | 23,681,000 | 31,996,000 | 23,215,000 | 22,158,000 | 26,197,000 | 24,546,000 | 24,168,000 | 19,777,000 | 20,593,000 | 21,358,000 | 20,957,000 | 14,691,000 | 15,847,000 | 20,023,000 | 17,545,000 | 16,083,000 | 12,087,000 | 16,098,000 | 12,489,000 | 8,567,000 | 10,329,000 | 13,299,000 | 12,723,000 | 5,717,000 | 6,244,000 | 10,684,000 | 6,575,000 | 5,818,000 | 3,777,000 | 4,467,000 | 3,344,000 | 1,907,000 | 2,636,000 | 3,858,000 | 2,519,000 | 736,000 | 1,603,000 | -1,513,000 | -475,000 | -2,495,000 | -1,048,000 | -591,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 70,266,000 | 79,529,000 | 60,634,000 | 61,433,000 | 51,326,000 | 69,992,000 | 64,330,000 | 47,039,000 | 39,051,000 | 53,263,000 | 48,562,000 | 38,801,000 | 34,191,000 | 45,792,000 | 35,194,000 | 28,033,000 | 33,767,000 | 39,217,000 | 33,069,000 | 26,155,000 | 23,681,000 | 31,996,000 | 23,215,000 | 22,158,000 | 26,197,000 | 24,546,000 | 24,168,000 | 19,777,000 | 20,593,000 | 21,358,000 | 20,957,000 | 14,691,000 | 15,847,000 | 20,023,000 | 17,545,000 | 16,083,000 | 12,087,000 | 16,098,000 | 12,489,000 | 8,567,000 | 10,329,000 | 13,299,000 | 12,723,000 | 5,717,000 | 6,244,000 | 10,684,000 | 6,575,000 | 5,818,000 | 3,777,000 | 4,467,000 | 3,344,000 | 1,907,000 | 2,636,000 | 3,858,000 | 2,519,000 | 736,000 | 1,603,000 | -1,513,000 | -475,000 | -2,495,000 | -1,048,000 | -591,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for property acquisitions | -89,414,000 | -478,146,000 | -337,683,000 | -7,898,000 | -450,277,000 | -18,657,000 | -74,337,000 | -14,410,000 | -13,493,000 | -364,600,000 | -62,725,000 | -67,858,000 | -208,923,000 | -68,052,000 | -319,917,000 | -165,008,000 | -55,659,000 | -104,372,000 | -51,308,000 | -6,406,000 | -10,293,000 | -30,081,000 | -21,881,000 | -143,570,000 | -47,457,000 | -25,753,000 | -52,663,000 | -68,262,000 | -15,479,000 | -85,402,000 | -107,001,000 | -51,840,000 | -123,156,000 | -15,112,000 | -44,479,000 | -36,344,000 | -20,738,000 | -26,934,000 | -73,197,000 | -24,637,000 | -14,360,000 | -151,015,000 | -127,977,000 | -20,721,000 | -46,414,000 | -30,685,000 | -99,247,000 | -37,546,000 | -61,075,000 | -11,470,000 | -27,115,000 | -64,650,000 | -68,193,000 | -6,085,000 | -39,908,000 | -46,968,000 | -5,821,000 | -82,407,000 | -12,690,000 | -12,690,000 | ||
proceeds from sales of real estate investments | 140,541,000 | 98,426,000 | 111,609,000 | 24,047,000 | 61,727,000 | 0 | 0 | 10,172,000 | 48,492,000 | 0 | 55,310,000 | 0 | 31,486,000 | 0 | 20,995,000 | 21,828,000 | 13,325,000 | 0 | 11,980,000 | 36,603,000 | 0 | 23,150,000 | 19,841,000 | 11,213,000 | 39,046,000 | 0 | 5,467,000 | 0 | 15,912,000 | 10,663,000 | 0 | |||||||||||||||||||||||||||||||
additions to construction in progress | -11,322,000 | -15,912,000 | -13,758,000 | -28,979,000 | -18,280,000 | -36,622,000 | -39,310,000 | -32,216,000 | -51,121,000 | -46,356,000 | -17,189,000 | -8,904,000 | -660,000 | -6,407,000 | -8,416,000 | -10,155,000 | -5,093,000 | -3,160,000 | -2,881,000 | -140,000 | -1,000,000 | -3,247,000 | -2,033,000 | -2,709,000 | -4,934,000 | -9,140,000 | -8,277,000 | -5,533,000 | -4,662,000 | -2,537,000 | -1,921,000 | -548,000 | -3,909,000 | -4,868,000 | -5,499,000 | -1,301,000 | -973,000 | |||||||||||||||||||||||||
additions to buildings, improvements and leasing costs | -20,437,000 | -14,049,000 | -10,027,000 | -18,894,000 | -15,798,000 | -13,801,000 | -8,952,000 | -7,882,000 | -13,785,000 | -12,380,000 | -13,028,000 | -13,862,000 | -15,784,000 | -20,481,000 | -11,716,000 | -18,630,000 | -12,966,000 | -17,962,000 | -12,495,000 | -7,867,000 | -8,259,000 | -8,399,000 | -6,562,000 | -8,391,000 | -9,833,000 | -4,220,000 | -9,642,000 | -8,375,000 | -9,292,000 | -6,358,000 | -7,587,000 | -5,740,000 | -8,469,000 | -6,339,000 | -6,166,000 | -6,431,000 | -8,782,000 | -7,054,000 | -6,234,000 | -4,866,000 | -5,852,000 | -5,084,000 | -4,545,000 | -3,365,000 | -7,152,000 | -7,107,000 | -3,379,000 | -2,091,000 | -3,230,000 | -1,775,000 | -2,892,000 | -1,634,000 | ||||||||||
net cash from investing activities | 19,368,000 | -409,681,000 | -38,249,000 | -23,826,000 | -310,034,000 | -58,321,000 | -498,539,000 | -48,583,000 | -90,751,000 | -73,146,000 | -19,125,000 | -387,366,000 | -23,859,000 | -94,746,000 | -122,220,000 | -96,837,000 | -306,490,000 | -176,534,000 | -71,035,000 | -112,379,000 | -60,567,000 | 2,943,000 | 41,730,000 | -36,194,000 | -14,820,000 | -143,605,000 | -65,376,000 | -27,681,000 | -30,014,000 | -77,157,000 | -55,937,000 | -71,849,000 | -104,257,000 | -19,133,000 | -104,185,000 | -21,543,000 | -57,890,000 | -44,133,000 | -32,364,000 | -16,854,000 | -65,831,000 | -30,857,000 | -6,584,000 | -152,087,000 | -139,117,000 | -27,778,000 | -49,958,000 | -33,063,000 | -84,923,000 | -39,428,000 | -64,013,000 | -13,501,000 | -12,154,000 | -64,702,000 | -74,056,000 | -9,268,000 | -43,365,000 | -49,373,000 | -8,663,000 | -82,481,000 | -13,135,000 | -12,733,000 |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 43,592,000 | 0 | 0 | 237,423,000 | 0 | 204,460,000 | -1,000 | 538,269,000 | 158,445,000 | 95,746,000 | 50,657,000 | 366,499,000 | 47,910,000 | 28,882,000 | 307,580,000 | 42,193,000 | 71,491,000 | 41,122,000 | 8,781,000 | 494,000 | 32,704,000 | 22,788,000 | 13,565,000 | 73,475,000 | 115,937,000 | 75,081,000 | 73,070,000 | 27,888,000 | 105,916,000 | 2,075,000 | 30,826,000 | 83,616,000 | 86,139,000 | 54,714,000 | 28,721,000 | 18,918,000 | 0 | 0 | 183,448,000 | 0 | 0 | 100,251,000 | 0 | 91,224,000 | -9,000 | 0 | 0 | 55,013,000 | 176,914,000 | 176,933,000 | 177,088,000 | |||||||||||
issuance costs on issuance of common stock | -632,000 | 0 | 0 | -3,443,000 | 0 | -3,011,000 | -216,000 | -2,477,000 | -2,298,000 | -1,388,000 | -374,000 | -978,000 | -695,000 | -419,000 | -3,352,000 | -725,000 | -1,010,000 | -596,000 | -128,000 | -7,000 | -474,000 | -331,000 | -198,000 | -1,064,000 | -1,460,000 | -1,301,000 | -1,059,000 | -405,000 | -1,536,000 | -30,000 | -469,000 | -1,211,000 | -1,290,000 | -794,000 | -418,000 | -283,000 | 0 | 0 | -278,000 | -189,000 | 0 | -313,000 | 0 | -335,000 | -1,000 | -10,000 | 0 | -294,000 | ||||||||||||||
repurchase of common stock related to employee awards | 0 | -1,293,000 | -51,000 | -1,942,000 | 0 | -2,306,000 | -55,000 | -983,000 | -8,000 | -773,000 | -105,000 | -627,000 | -34,000 | -518,000 | 0 | -493,000 | 0 | 0 | 0 | -582,000 | 0 | |||||||||||||||||||||||||||||||||||||||||
borrowings on credit facility | 62,500,000 | 310,000,000 | 0 | 50,000,000 | 33,000,000 | 0 | 20,000,000 | 29,000,000 | 46,000,000 | 150,000,000 | 30,000,000 | 20,000,000 | 0 | 0 | 0 | 17,000,000 | 62,150,000 | 43,500,000 | 58,000,000 | 40,350,000 | 0 | 16,000,000 | 58,000,000 | 19,000,000 | 41,500,000 | 20,000,000 | 29,000,000 | 5,000,000 | 31,000,000 | 15,000,000 | 32,500,000 | 36,500,000 | 31,000,000 | 3,000,000 | 29,000,000 | 73,700,000 | 30,000,000 | 6,000,000 | ||||||||||||||||||||||||
payments on credit facility | -142,500,000 | -30,000,000 | 0 | -132,000,000 | -33,000,000 | 0 | -20,000,000 | -29,000,000 | -56,000,000 | -30,000,000 | -20,000,000 | 0 | 0 | 0 | -36,000,000 | -65,000,000 | -27,000,000 | 0 | -37,000,000 | -53,000,000 | -54,500,000 | -10,000,000 | 0 | -46,000,000 | 0 | 0 | -6,500,000 | -25,000,000 | -65,429,000 | -15,000,000 | -44,271,000 | -38,000,000 | -41,000,000 | 0 | ||||||||||||||||||||||||||||
payments on senior unsecured notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing costs | 0 | 0 | 0 | 0 | -641,000 | -495,000 | -362,000 | -1,167,000 | -2,729,000 | -121,000 | -10,000 | -1,352,000 | -4,000 | 0 | -10,000 | 0 | -10,000 | -2,310,000 | -316,000 | -600,000 | -201,000 | -10,000 | -695,000 | -6,000 | -1,003,000 | -1,000 | -2,000 | -3,000 | 0 | -718,000 | -15,000 | -42,000 | -606,000 | -447,000 | -514,000 | |||||||||||||||||||||||||||
dividends paid to common stockholders | -53,767,000 | -50,629,000 | -50,625,000 | -48,871,000 | -48,871,000 | -43,528,000 | -43,518,000 | -39,052,000 | -38,425,000 | -33,501,000 | -33,173,000 | -30,753,000 | -30,427,000 | -25,686,000 | -25,680,000 | -25,618,000 | -24,239,000 | -20,428,000 | -20,091,000 | -19,870,000 | -19,829,000 | -18,484,000 | -18,307,000 | -18,158,000 | -18,093,000 | -15,720,000 | -15,109,000 | -14,643,000 | -14,186,000 | -12,858,000 | -12,220,000 | -12,181,000 | -12,005,000 | -10,473,000 | -9,905,000 | -9,483,000 | -9,282,000 | -8,291,000 | -7,813,000 | -7,796,000 | -6,930,000 | -6,884,000 | -6,872,000 | -6,859,000 | -4,634,000 | -4,633,000 | -3,254,000 | -3,249,000 | -3,249,000 | -2,501,000 | -2,307,000 | -1,612,000 | -1,613,000 | -1,612,000 | -1,341,000 | -931,000 | -931,000 | -929,000 | ||||
net cash from financing activities | -90,807,000 | 228,078,000 | -50,676,000 | 101,167,000 | 33,129,000 | 49,810,000 | -43,790,000 | 495,757,000 | 117,714,000 | 60,084,000 | 16,925,000 | 334,141,000 | 6,754,000 | 49,618,000 | -12,165,000 | -26,473,000 | 403,822,000 | 168,311,000 | 50,269,000 | 8,793,000 | -11,293,000 | -27,708,000 | 13,809,000 | -28,673,000 | 43,947,000 | 56,310,000 | 98,992,000 | 35,805,000 | 35,847,000 | 30,641,000 | 56,685,000 | 25,864,000 | 17,887,000 | 103,384,000 | 78,595,000 | 4,076,000 | 49,092,000 | 16,758,000 | 38,491,000 | -10,583,000 | 28,298,000 | 40,522,000 | -14,655,000 | -9,025,000 | 302,359,000 | 8,583,000 | 67,809,000 | 25,456,000 | 26,131,000 | 92,328,000 | 49,594,000 | 21,376,000 | 10,829,000 | 60,758,000 | 59,464,000 | 22,061,000 | 38,282,000 | -2,288,000 | -168,000 | 176,450,000 | 176,486,000 | 176,656,000 |
net increase (decrease) in cash and cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of capitalized interest | 6,017,000 | 9,280,000 | 5,432,000 | 6,709,000 | -3,835,000 | 9,823,000 | 5,160,000 | 9,750,000 | 7,557,000 | 8,668,000 | 7,107,000 | 8,381,000 | 5,647,000 | 9,052,000 | 3,344,000 | 7,176,000 | 3,169,000 | 4,363,000 | 3,188,000 | 4,424,000 | 3,340,000 | 4,581,000 | 3,424,000 | 4,970,000 | 5,822,000 | 3,133,000 | 6,630,000 | 6,252,000 | 2,966,000 | 6,398,000 | 2,922,000 | 3,906,000 | 3,097,000 | 3,914,000 | 2,829,000 | 2,815,000 | 2,324,000 | 3,920,000 | 2,054,000 | 2,055,000 | 2,120,000 | 2,153,000 | 1,603,000 | 1,376,000 | 1,393,000 | 1,870,000 | 1,778,000 | 1,605,000 | ||||||||||||||
supplemental disclosures of non-cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable related to capital improvements | 7,424,000 | -2,461,000 | 5,900,000 | 18,926,000 | -1,595,000 | 1,780,000 | 5,262,000 | 29,062,000 | -2,529,000 | 4,363,000 | 7,859,000 | 17,219,000 | -4,703,000 | -6,178,000 | 10,245,000 | 18,794,000 | -65,000 | 807,000 | 7,411,000 | 8,720,000 | 2,046,000 | 277,000 | 9,149,000 | -166,000 | -1,545,000 | 11,120,000 | -421,000 | 460,000 | 6,244,000 | -774,000 | -318,000 | 578,000 | 7,510,000 | -4,070,000 | 3,400,000 | 4,103,000 | 4,522,000 | 1,811,000 | 576,000 | -755,000 | 3,563,000 | -2,297,000 | 349,000 | 1,240,000 | 3,061,000 | 307,000 | 464,000 | -402,000 | 1,316,000 | -757,000 | -784,000 | -312,000 | 2,304,000 | 814,000 | 416,000 | |||||||
non-cash issuance of common stock to the deferred compensation plan | 370,000 | 0 | 0 | -2,120,000 | 346,000 | 0 | -125,000 | -5,547,000 | 520,000 | 0 | -250,000 | -11,535,000 | 0 | 0 | -330,000 | -7,321,000 | 0 | -200,000 | -7,346,000 | |||||||||||||||||||||||||||||||||||||||||||
lease liability arising from recognition of right-of-use asset | 0 | 0 | 1,036,000 | 1,228,000 | 2,863,000 | 0 | 0 | 424,000 | -63,000 | -62,000 | 585,000 | -59,000 | -59,000 | 825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash paid for property acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of properties | 90,196,000 | 485,542,000 | 438,493,000 | 7,916,000 | 472,871,000 | 18,628,000 | 75,551,000 | 16,487,000 | 13,763,000 | 406,730,000 | 61,480,000 | 68,945,000 | 221,578,000 | 70,295,000 | 337,518,000 | 176,792,000 | 57,778,000 | 109,882,000 | 6,520,000 | 10,440,000 | 30,617,000 | 148,256,000 | 51,218,000 | 29,092,000 | 70,420,000 | 15,863,000 | 87,851,000 | 109,928,000 | 53,823,000 | 140,785,000 | 15,130,000 | 44,906,000 | 36,761,000 | 21,407,000 | 27,870,000 | 73,089,000 | 29,843,000 | 14,459,000 | 154,132,000 | 135,130,000 | 20,878,000 | 46,857,000 | 33,882,000 | 100,472,000 | 37,879,000 | 62,171,000 | 11,912,000 | 34,895,000 | 75,567,000 | 68,719,000 | 6,100,000 | 40,627,000 | 61,725,000 | 5,800,000 | 102,117,000 | 12,814,000 | 12,814,000 | |||||
assumption of mortgage loans payable | 0 | -5,733,000 | 0 | 0 | -2,764,000 | -5,045,000 | -1,000 | -14,768,000 | -17,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unamortized mortgage fair value adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of other assets and liabilities | -782,000 | -7,396,000 | -31,581,000 | -18,000 | -22,594,000 | 29,000 | -1,214,000 | -2,077,000 | -270,000 | -42,130,000 | 1,245,000 | -1,087,000 | -12,655,000 | -2,243,000 | -17,601,000 | -11,784,000 | -114,000 | -147,000 | -536,000 | -4,686,000 | -3,761,000 | -3,339,000 | -2,158,000 | -384,000 | -2,449,000 | -2,927,000 | -1,983,000 | -17,629,000 | -18,000 | -427,000 | -417,000 | -669,000 | -936,000 | 108,000 | -350,000 | -99,000 | -3,117,000 | -1,119,000 | -157,000 | -443,000 | -390,000 | -1,225,000 | -333,000 | -1,096,000 | -442,000 | -2,334,000 | -830,000 | -526,000 | -15,000 | -718,000 | 11,000 | 21,000 | -1,810,000 | -124,000 | -124,000 | |||||||
net cash paid for property acquisitions | 89,414,000 | 478,146,000 | 337,683,000 | 7,898,000 | 450,277,000 | 18,657,000 | 74,337,000 | 14,410,000 | 13,493,000 | 364,600,000 | 62,725,000 | 67,858,000 | 208,923,000 | 68,052,000 | 319,917,000 | 165,008,000 | 55,659,000 | 104,372,000 | 6,406,000 | 10,293,000 | 30,081,000 | 143,570,000 | 47,457,000 | 25,753,000 | 68,262,000 | 15,479,000 | 85,402,000 | 107,001,000 | 51,840,000 | 123,156,000 | 15,112,000 | 44,479,000 | 36,344,000 | 20,738,000 | 26,934,000 | 73,197,000 | 24,637,000 | 14,360,000 | 151,015,000 | 127,977,000 | 20,721,000 | 46,414,000 | 30,685,000 | 99,247,000 | 37,546,000 | 61,075,000 | 11,470,000 | 27,115,000 | 64,650,000 | 68,193,000 | 6,085,000 | 39,908,000 | 46,968,000 | 5,821,000 | 82,407,000 | 12,690,000 | 12,690,000 | |||||
net increase in cash and cash equivalents and restricted cash | -102,074,000 | -28,291,000 | 138,774,000 | 61,481,000 | -477,999,000 | 494,213,000 | 66,014,000 | 40,201,000 | 131,099,000 | 30,994,000 | -48,178,000 | 7,230,000 | 78,754,000 | -42,709,000 | 55,324,000 | -62,749,000 | 57,784,000 | 27,901,000 | 26,426,000 | -70,523,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at beginning of period | 0 | 0 | 18,352,000 | 0 | 0 | 166,236,000 | 0 | 0 | 28,083,000 | 0 | 0 | 204,801,000 | 0 | 0 | 107,836,000 | 0 | 0 | 112,739,000 | 0 | 0 | 34,479,000 | 0 | 0 | 42,800,000 | 0 | 0 | 18,478,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at end of period | -102,074,000 | -28,291,000 | 157,126,000 | 61,481,000 | -477,999,000 | 660,449,000 | 40,201,000 | 46,362,000 | 13,659,000 | 664,000 | -99,191,000 | 109,524,000 | 30,994,000 | 12,303,000 | 30,405,000 | 7,230,000 | 78,754,000 | 70,030,000 | -62,749,000 | 57,784,000 | 62,380,000 | -25,158,000 | 21,705,000 | 11,506,000 | 104,274,000 | -8,045,000 | 17,094,000 | |||||||||||||||||||||||||||||||||||
borrowings on term loans payable | 0 | 142,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | -14,424,000 | 664,000 | -99,191,000 | -95,277,000 | -77,431,000 | 21,705,000 | -31,294,000 | -8,045,000 | -1,384,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing cost amortization | 374,000 | 387,000 | 387,000 | 388,000 | 387,000 | 387,000 | 383,000 | 383,000 | 377,000 | 306,000 | 305,000 | 300,000 | 288,000 | 354,000 | 393,000 | 367,000 | 332,000 | 325,000 | 367,000 | 391,000 | 392,000 | 391,000 | 388,000 | 361,000 | 366,000 | 39,000 | ||||||||||||||||||||||||||||||||||||
borrowings on senior unsecured notes | 125,000,000 | 0 | 0 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on mortgage loan payable | 0 | 0 | -11,271,000 | -114,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred senior secured loan fee amortization | 0 | 0 | -14,000 | -43,000 | -42,000 | -43,000 | -42,000 | -404,000 | -147,000 | -147,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on senior secured loan | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on term loans payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on mortgage loans payable | -32,732,000 | -384,000 | -381,000 | -376,000 | -373,000 | -17,776,000 | -480,000 | -475,000 | -470,000 | -465,000 | -460,000 | -457,000 | -534,000 | -528,000 | -10,385,000 | -613,000 | -5,345,000 | -13,558,000 | -760,000 | -9,758,000 | -768,000 | -756,000 | -698,000 | -4,194,000 | -6,619,000 | -727,000 | -715,000 | -707,000 | -703,000 | -642,000 | -535,000 | -369,000 | -301,000 | -273,000 | -357,000 | -166,000 | -17,000 | |||||||||||||||||||||||||
non-cash repayment of senior secured loan | 0 | 0 | -39,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and assumption of other assets and liabilities | -5,510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for senior secured loan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment on senior secured loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination and other fees received on senior secured loan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | -240,000 | 0 | 0 | 0 | -3,959,000 | 0 | 0 | 0 | -3,870,000 | 0 | 0 | 0 | -3,436,000 | 0 | 0 | 0 | -1,551,000 | -7,000 | 0 | -8,000 | -497,000 | 0 | 0 | 0 | -284,000 | 0 | 0 | 0 | -160,000 | 0 | 0 | 0 | -79,000 | ||||||||||||||||||||||||||||
payments on senior secured loan | 4,987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to preferred stockholders | 0 | -216,000 | -892,000 | -891,000 | -891,000 | -891,000 | -892,000 | -891,000 | -891,000 | -891,000 | -892,000 | -891,000 | -891,000 | -891,000 | -892,000 | -891,000 | -891,000 | -891,000 | -892,000 | -891,000 | -891,000 | |||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing cost and mortgage premium amortization | 347,000 | 327,000 | 312,000 | 276,000 | 278,000 | 258,000 | 204,000 | 122,000 | 182,000 | 130,000 | 106,000 | 81,000 | 76,000 | 50,000 | 97,000 | 67,000 | 65,000 | 65,000 | 65,000 | 64,000 | 58,000 | 61,000 | 128,000 | 138,000 | 135,000 | 75,000 | 100,000 | 49,000 | 72,000 | |||||||||||||||||||||||||||||||||
purchase of derivative instrument | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage premiums | 0 | -301,000 | 0 | 0 | -43,000 | -401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -720,000 | -1,334,000 | 107,000 | 335,000 | 3,528,000 | -1,799,000 | -12,000 | 2,818,000 | -88,000 | -100,000 | 335,000 | -187,000 | -115,000 | -7,000 | -96,000 | -47,000 | -168,000 | -57,000 | 53,000 | -46,000 | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -27,204,000 | 22,964,000 | 169,486,000 | -8,511,000 | 24,426,000 | -1,789,000 | -55,015,000 | 57,367,000 | -11,075,000 | 9,782,000 | 1,311,000 | -86,000 | -12,073,000 | 13,529,000 | -3,480,000 | -53,174,000 | -9,306,000 | 91,474,000 | 162,303,000 | 163,332,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 6,989,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 5,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -11,277,000 | 18,616,000 | -18,870,000 | -155,395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 22,450,000 | 0 | 0 | 190,601,000 | 0 | 0 | 0 | 5,930,000 | 0 | 0 | 0 | 3,249,000 | 0 | 57,253,000 | 57,253,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -11,277,000 | 18,616,000 | 3,580,000 | 22,964,000 | -8,516,000 | 35,206,000 | -8,511,000 | 57,367,000 | -11,075,000 | 15,712,000 | 1,311,000 | -86,000 | -12,073,000 | 16,778,000 | -3,480,000 | 4,079,000 | 47,947,000 | 91,475,000 | 162,304,000 | 163,333,000 | ||||||||||||||||||||||||||||||||||||||||||
depreciation related to discontinued operations | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for deposits on property acquisitions | -675,000 | -525,000 | -3,900,000 | 150,000 | -500,000 | -100,000 | 200,000 | -100,000 | 50,000 | -350,000 | 2,200,000 | -2,200,000 | -200,000 | -250,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs on issuance of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on mortgage loans payable | 0 | 0 | 39,780,000 | 20,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on term loan payable | 0 | 0 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on term loan payable | 0 | -10,050,000 | 0 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of underwriting fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 1,671,000 | 1,579,000 | 1,405,000 | 772,000 | 1,063,000 | 799,000 | 628,000 | 284,000 | 58,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to buildings and improvements | -1,364,000 | -2,195,000 | -3,716,000 | -2,937,000 | -3,825,000 | -2,155,000 | -842,000 | -70,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred underwriting fee | 0 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -194,000 | -3,267,000 | -1,306,000 | -4,792,000 | -2,088,000 | -757,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net and comprehensive loss | -267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net and comprehensive loss to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to net loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs of 0 and 5,085, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred underwriting fee payable | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs payable | 0 | 50,000 | 50,000 | 115,000 | 134,000 | 289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of fixed assets by terreno capital partners llc | 240,000 | 240,000 | 240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage premiums | 0 | -719,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs of 0 and 4,865, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred underwriting fee | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs of 0 and 4,846, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of financing fees | -2,000 | -2,000 | -447,000 | -432,000 | -432,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation amortization | 556,000 | 330,000 | 106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs of 5,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits on property acquisitions | -4,000 | -380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and other assets | -249,000 | -280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to building, furniture, fixtures and equipment | -65,000 | -43,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits on financing fees | -15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions |