7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2017-10-06 
      
    		                                
      revenues
    		                   213,139,000 339,653,000 257,902,000 255,001,000 -469,652,000 222,513,000 220,746,000 214,002,000 226,039,000 232,687,000 220,975,000   
      income from sales-type leases
    		531,765,000 530,348,000 528,604,000 524,691,000 518,691,000 512,289,000 512,772,000 506,217,000 500,212,000 495,355,000 478,394,000 386,293,000 376,048,000 375,169,000 326,735,000                  
      income from lease financing receivables, loans and securities
    		447,986,000 440,260,000 426,480,000 420,738,000 419,115,000 413,735,000 409,301,000 396,813,000 378,502,000 373,132,000 371,069,000                      
      other income
    		19,547,000 19,536,000 19,513,000 19,472,000 19,315,000 19,323,000 19,312,000 18,283,000 18,179,000 18,525,000 18,339,000 17,818,000 17,862,000 15,563,000 8,386,000 6,911,000 6,936,000 6,987,000 6,974,000 7,091,000 7,276,000 733,000           
      golf revenues
    		8,190,000 11,190,000 9,607,000 11,151,000 7,548,000 11,656,000 10,096,000 10,552,000 7,425,000 11,146,000 9,845,000 10,110,000 6,688,000 10,170,000 8,626,000 8,944,000 6,504,000 8,285,000 6,813,000              
      total revenues
    		1,007,488,000 1,001,334,000 984,204,000 976,052,000 964,669,000 957,003,000 951,481,000 931,865,000 904,318,000 898,158,000 877,647,000 769,906,000 751,543,000 662,623,000 416,625,000 383,154,000 375,704,000 376,400,000 374,310,000              
      yoy
    		4.44% 4.63% 3.44% 4.74% 6.67% 6.55% 8.41% 21.04% 20.33% 35.55% 110.66% 100.94% 100.04% 76.04% 11.30%                  
      qoq
    		0.61% 1.74% 0.84% 1.18% 0.80% 0.58% 2.11% 3.05% 0.69% 2.34% 13.99% 2.44% 13.42% 59.05% 8.74% 1.98% -0.18% 0.56%               
      operating expenses
    		                                
      general and administrative
    		16,344,000 14,561,000 14,860,000 20,691,000 16,458,000 15,768,000 16,192,000 15,256,000 14,422,000 14,920,000 15,005,000 15,029,000 12,063,000 11,782,000 9,466,000 9,030,000 8,379,000 7,628,000 8,085,000 8,101,000 8,047,000 7,498,000 7,015,000 -9,521,000 6,717,000 6,518,000 6,225,000 4,284,000 5,678,000 7,160,000 7,308,000  
      depreciation
    		937,000 741,000 996,000 992,000 1,008,000 992,000 1,133,000 1,586,000 1,011,000 887,000 814,000 811,000 816,000 779,000 776,000 771,000 771,000 757,000 792,000 741,000 910,000 1,213,000 867,000 -2,197,000 1,000,000 1,018,000 930,000 929,000 929,000 922,000 906,000  
      other incomes
    		19,547,000 19,536,000 19,513,000 19,472,000 19,315,000 19,323,000 19,312,000 18,283,000 18,179,000 18,525,000 18,339,000 17,818,000 17,862,000 15,563,000 8,386,000 6,911,000 6,936,000 6,987,000 6,974,000 7,091,000 7,263,000 736,000           
      golf expenses
    		6,765,000 6,619,000 6,352,000 6,747,000 6,824,000 6,813,000 6,511,000 8,215,000 6,332,000 6,590,000 5,952,000 6,272,000 5,186,000 5,859,000 5,285,000 5,881,000 5,143,000 5,232,000 4,506,000              
      change in allowance for credit losses
    		-20,153,000 -142,001,000 186,957,000 94,428,000 -31,626,000 -43,000,000 106,918,000 -63,295,000 95,997,000 -41,355,000 111,477,000 -30,965,000 232,763,000 551,876,000 80,820,000 4,899,000 9,031,000 -29,104,000 -4,380,000 -16,563,000 177,052,000 -65,480,000 149,508,000          
      transaction and acquisition expenses
    		9,000 7,434,000 45,000 2,839,000 1,164,000 259,000 305,000 4,632,000 3,566,000 777,000 -958,000 3,287,000 1,947,000 16,664,000 755,000 713,000 177,000 791,000 8,721,000 981,000 2,026,000 1,160,000 4,517,000 4,290,000 993,000 2,867,000 889,000      
      total operating expenses
    		23,449,000 -93,110,000 228,723,000 145,169,000 13,143,000 155,000 150,371,000 -15,323,000 139,507,000 344,000 150,629,000 12,252,000 270,637,000 602,523,000 105,488,000 28,205,000 30,437,000 -7,709,000 24,698,000 4,802,000 199,970,000 -50,734,000 166,980,000 1,893,000 14,133,000 15,251,000 12,136,000 30,357,000 48,587,000 31,527,000 29,552,000  
      interest expense
    		-210,333,000 -213,797,000 -209,251,000 -208,121,000 -207,317,000 -205,777,000 -204,882,000 -205,175,000 -204,927,000 -203,594,000 -204,360,000 -169,329,000 -169,354,000 -133,128,000 -68,142,000 -70,437,000 -165,099,000 -79,806,000 -77,048,000 -77,420,000 -77,399,000 -77,693,000 -76,093,000 113,582,000 -68,531,000 -54,819,000 -53,586,000 -54,298,000 -54,051,000 -51,440,000 -52,875,000  
      interest income
    		3,881,000 2,293,000 3,697,000 4,079,000 2,797,000 3,926,000 5,293,000 7,776,000 7,341,000 5,806,000 3,047,000 5,633,000 3,024,000 780,000 93,000 45,000 26,000 30,000 19,000 52,000 214,000 1,009,000 5,520,000 -15,579,000 6,690,000 4,004,000 5,167,000 3,803,000 2,027,000 3,799,000 1,678,000  
      other gains
    		-82,000 992,000  -189,000 -64,000 990,000 -156,000 161,000 -1,122,000 3,454,000 1,963,000                      
      income before income taxes
    		777,505,000 883,932,000 549,809,000 626,652,000 746,942,000 755,987,000 601,365,000 749,950,000 566,103,000 703,480,000 528,948,000 615,874,000 337,295,000 -57,114,000 243,088,000 284,557,000 164,572,000 304,333,000 272,583,000 290,848,000 395,850,000 231,952,000 -21,611,000 -412,030,000 146,539,000 154,680,000 153,447,000 145,187,000 132,076,000 141,807,000 114,487,000  
      benefit from income taxes
    		-3,885,000 -5,564,000 2,456,000 -1,814,250 -2,461,000 -3,234,000 -1,562,000                          
      net income
    		773,620,000 878,368,000 552,265,000 624,205,000 744,481,000 752,753,000 599,803,000 759,721,000 565,459,000 701,581,000 527,861,000 614,842,000 336,878,000 -58,141,000 242,688,000 283,798,000 164,184,000 303,077,000 272,099,000 290,412,000 396,218,000 231,643,000 -22,065,000 -409,031,000 146,515,000 154,127,000 152,926,000 144,630,000 132,024,000 141,359,000 114,103,000  
      yoy
    		3.91% 16.69% -7.93% -17.84% 31.66% 7.29% 13.63% 23.56% 67.85% -1306.69% 117.51% 116.65% 105.18% -119.18% -10.81% -2.28% -58.56% 30.84% -1333.17% -171.00% 170.43% 50.29% -114.43% -382.81% 10.98% 9.03% 34.02%      
      qoq
    		-11.93% 59.05% -11.53% -16.16% -1.10% 25.50% -21.05% 34.35% -19.40% 32.91% -14.15% 82.51% -679.42% -123.96% -14.49% 72.85% -45.83% 11.38% -6.31% -26.70% 71.05% -1149.82% -94.61% -379.17% -4.94% 0.79% 5.74% 9.55% -6.60% 23.89%   
      net income margin %
    		76.79% 87.72% 56.11% 63.95% 77.17% 78.66% 63.04% 81.53% 62.53% 78.11% 60.15% 79.86% 44.82% -8.77% 58.25% 74.07% 43.70% 80.52% 72.69%              
      less: net income attributable to non-controlling interests
    		-11,580,000 -13,289,000 -8,658,000 -9,611,000 -11,583,000 -11,451,000 -9,787,000 -11,952,000 -9,130,000  -9,121,000 -10,789,000 -5,973,000             -2,078,000 -2,077,000 -2,089,000 -2,112,000 -2,315,000 -1,981,000  
      net income attributable to common stockholders
    		762,040,000 865,079,000 543,607,000 614,594,000 732,898,000 741,302,000 590,016,000 747,769,000 556,329,000 690,702,000 518,740,000 604,053,000 330,905,000 -57,706,000 240,383,000 281,479,000 161,862,000 300,709,000 269,801,000 288,010,000 398,274,000 229,402,000 -24,012,000 -404,671,000 144,435,000 152,049,000 150,849,000 142,541,000 129,912,000 139,044,000   
      net income per common share
    		                                
      basic
    		710 820 510 580 700 710 570 730 550 690 520 660 340 -60 350 450 290 560 500 540 750 470 -50 -860 310 370 370 370 350 380   
      diluted
    		710 820 510 580 700 710 570 720 550 690 520 670 340 -60 350 450 280 540 500 540 740 470 -50 -850 310 370 370 370 350 380   
      weighted-average number of shares of common stock outstanding
    		                                
      basic
    		1,067,253,644,000 1,056,222,836,000 1,056,012,414,000 1,046,739,537,000 1,046,626,838,000 1,042,650,713,000 1,042,404,634,000 1,014,513,195,000 1,012,986,784,000 1,006,893,810,000 1,001,526,645,000 877,508,388,000 962,573,646,000 896,545,880,000 684,341,045,000 564,467,362,000 555,153,692,000 536,692,167,000 536,480,505,000 506,140,642,000 533,407,916,000 489,012,165,000 465,177,425,000 227,828,844,000 460,666,295,000 412,309,577,000 405,733,656,000 367,226,395,000 369,935,055,000 369,932,843,000 342,900,842,000  
      diluted
    		1,068,369,218,000 1,057,270,580,000 1,056,432,790,000 1,047,675,111,000 1,048,338,348,000 1,042,959,627,000 1,043,311,636,000 1,015,776,697,000 1,013,589,640,000 1,007,968,422,000 1,003,831,325,000 879,675,845,000 964,134,340,000 896,545,880,000 687,914,683,000 577,066,292,000 571,894,545,000 554,438,981,000 544,801,802,000 510,908,755,000 536,180,175,000 489,213,427,000 465,177,425,000 227,985,455,000 465,771,668,000 412,821,400,000 406,035,025,000 367,316,901,000 370,127,185,000 369,991,738,000 343,056,532,000  
      other comprehensive income
    		                                
      reclassification of derivative gain to interest expense
    		-6,389,000 -6,386,000 -6,345,000 -4,632,500 -6,100,000 -6,384,000 -6,046,000 -4,527,750 -6,037,000 -6,037,000 -6,037,000   -4,159,000                   
      unrealized gain on cash flow hedges
    		  -5,949,000 17,205,000 -2,714,000  12,482,000 -29,944,000 20,109,000 7,573,000 -7,393,000   91,939,000 108,611,000 884,000 6,576,000 9,328,000 12,378,000 -9,795,000 13,007,000 951,000  -13,748,000 -7,113,000   1,366,250 10,105,000    
      foreign currency translation adjustments
    		-4,652,000 10,091,000 35,000 -8,203,000 2,258,000 -2,173,000 -3,644,000 3,232,000 -1,348,000 1,732,000 -1,664,000                      
      comprehensive income
    		762,579,000 882,073,000 540,006,000 627,075,000 737,925,000 744,196,000 602,595,000 726,972,000 578,183,000 704,849,000 512,767,000 608,805,000 330,841,000 29,639,000                   
      comprehensive income attributable to non-controlling interests
    		-11,448,000 -13,339,000 -8,521,000 -9,612,000 -11,533,000 -11,323,000 -9,809,000                          
      comprehensive income attributable to common stockholders
    		751,131,000 868,734,000 531,485,000 617,463,000 726,392,000 732,873,000 592,786,000 715,398,000 568,900,000 693,931,000 503,828,000 598,092,000 324,944,000 30,126,000 348,994,000 282,363,000 232,677,000 310,037,000 282,179,000 299,747,000 411,281,000 230,353,000 -77,150,000 -349,679,000 137,322,000 121,361,000 133,658,000 114,952,000 140,017,000 134,404,000   
      other losses
    		  -118,000                              
      income from unconsolidated affiliate
    		          1,280,000 21,916,000 22,719,000 15,134,000                   
      income tax expense
    		       -907,500 -644,000 -1,899,000 -1,087,000 -1,032,000 -417,000 -1,027,000 -400,000   -1,256,000 -484,000   -309,000 -454,000 -274,500 -24,000 -553,000 -521,000 -221,000 -52,000 -448,000 -384,000  
      comprehensive income attributable to non-controlling interest
    		       -7,285,000 -9,283,000  -8,939,000 -1,928,750 -5,897,000                    
      less: net (income) loss attributable to non-controlling interests
    		         -10,879,000                       
      comprehensive (income) loss attributable to non-controlling interest
    		         -10,918,000                       
      income from lease financing receivables and loans
    		           355,685,000 350,945,000 261,721,000 72,878,000 72,664,000 70,205,000 69,996,000 70,377,000 70,321,000 52,827,000 17,026,000 12,843,000          
      income from extinguishment of debt
    		                -15,622,000      -39,059,000        -23,040,000  
      reclassification of derivative (gain) loss to interest expense
    		           -6,037,000 -6,037,000                    
      less: net income (income) attributable to non-controlling interests
    		             435,000                   
      comprehensive loss (income) attributable to non-controlling interest
    		             487,000                   
      less: net income attributable to non-controlling interest
    		              -2,305,000   -2,368,000 -2,298,000   -2,241,000 -1,947,000 -1,558,750 -2,080,000        
      income from sales-type and direct financing leases
    		               294,635,000 292,059,000 291,132,000 290,146,000 289,087,000 270,274,000            
      income from operating leases
    		                    3,638,000 10,913,000 10,913,000 -21,211,000 10,913,000 10,914,000 10,913,000 11,345,000 12,209,000 12,209,000   
      gain upon lease modification
    		                    333,352,000            
      income tax benefit
    		               -532,000 -388,000   -98,750 368,000            
      less: net (income) loss attributable to non-controlling interest
    		               -1,747,000 -2,322,000                
      reclassification of realized loss on cash flow hedges to net income
    		                64,239,000                
      golf operations
    		                   4,318,250 5,638,000 5,335,000 6,300,000 -14,870,000 5,599,000 8,283,000 7,339,000 7,505,000 5,393,000 7,515,000   
      operating income
    		                   134,085,000 139,683,000 308,636,000 88,021,000 -471,545,000 208,380,000 205,495,000 201,866,000 195,682,000 184,100,000 189,448,000 188,724,000  
      yoy
    		                   -128.44% -32.97% 50.19% -56.40% -340.98% 13.19% 8.47% 6.96%      
      qoq
    		                   -4.01% -54.74% 250.64% -118.67% -326.29% 1.40% 1.80% 3.16% 6.29% -2.82% 0.38%   
      operating margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%              
      less: net income (income) attributable to non-controlling interest
    		                   -533,000 2,056,000            
      income from direct financing and sales-type leases
    		                     223,895,000 224,252,000 -453,129,000 206,001,000 201,549,000 195,750,000      
      tenant reimbursements and other income
    		                      693,000          
      tenant reimbursements and other incomes
    		                      703,000          
      unrealized loss on cash flow hedges
    		                      -53,138,000   -30,688,000 -17,191,000   -4,640,000   
      tenant reimbursement of property taxes
    		                           19,918,000 25,147,000 18,932,000 17,243,000  
      property taxes
    		                           20,212,000 25,423,000 18,932,000 17,243,000  
      loss on impairment
    		                            12,334,000    
      weighted-average number of common shares outstanding
    		                                
      basic
    		1,067,253,644,000 1,056,222,836,000 1,056,012,414,000 1,046,739,537,000 1,046,626,838,000 1,042,650,713,000 1,042,404,634,000 1,014,513,195,000 1,012,986,784,000 1,006,893,810,000 1,001,526,645,000 877,508,388,000 962,573,646,000 896,545,880,000 684,341,045,000 564,467,362,000 555,153,692,000 536,692,167,000 536,480,505,000 506,140,642,000 533,407,916,000 489,012,165,000 465,177,425,000 227,828,844,000 460,666,295,000 412,309,577,000 405,733,656,000 367,226,395,000 369,935,055,000 369,932,843,000 342,900,842,000  
      diluted
    		1,068,369,218,000 1,057,270,580,000 1,056,432,790,000 1,047,675,111,000 1,048,338,348,000 1,042,959,627,000 1,043,311,636,000 1,015,776,697,000 1,013,589,640,000 1,007,968,422,000 1,003,831,325,000 879,675,845,000 964,134,340,000 896,545,880,000 687,914,683,000 577,066,292,000 571,894,545,000 554,438,981,000 544,801,802,000 510,908,755,000 536,180,175,000 489,213,427,000 465,177,425,000 227,985,455,000 465,771,668,000 412,821,400,000 406,035,025,000 367,316,901,000 370,127,185,000 369,991,738,000 343,056,532,000  
      dividends declared per common share
    		                          287.5 177.5 287.5 262.5 0.16  
      income from direct financing leases
    		                           187,271,000 189,938,000 182,319,000   
      earned income from direct financing leases
    		                              182,036,000  
      rental income from operating leases
    		                              12,209,000  
      golf-related
    		                              6,788,000  
      net revenues
    		                              218,276,000  
      net income attributable to common shareholders
    		                              112,122,000  
      common per share data
    		                                
      basic earnings per common share
    		                              0.33  
      diluted earnings per common share
    		                              0.33  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.