Xenia Hotels & Resorts, Inc(NYSE:XHR)

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 1...
Website: http://www.xeniareit.com
Founded: 2014
Full Time Employees: 48
Sector: Real Estate
Industry: REIT-Hotel & Motel
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||
rooms revenues | 164,359,000 | 143,956,000 | 134,217,000 | 158,497,000 | 159,866,000 | 143,610,000 | 139,577,000 | 160,786,000 | 153,124,000 | 138,023,000 | 138,668,000 | 157,942,000 | 153,645,000 | 144,897,000 | 142,604,000 | 165,580,000 | 123,198,000 | 116,426,000 | 109,753,000 | 95,195,000 | 55,646,000 | 45,410,000 | 41,081,000 | 6,956,000 | 124,515,000 | 162,573,000 | 168,744,000 | 184,027,000 | 171,141,000 | 164,319,000 | 156,973,000 | 175,823,000 | 162,582,000 | 161,070,000 | 152,942,000 | 164,868,000 | 144,451,000 | 146,583,000 | 167,066,000 | 180,977,000 | 159,318,000 | 161,470,000 | 175,872,000 | |||
food and beverage revenues | 105,004,000 | 95,616,000 | 77,768,000 | 102,186,000 | 104,699,000 | 94,095,000 | 74,790,000 | 89,080,000 | 92,773,000 | 94,142,000 | 71,815,000 | 92,033,000 | 96,124,000 | 97,123,000 | 76,153,000 | 96,781,000 | 67,735,000 | 67,296,000 | 44,004,000 | 40,143,000 | 21,592,000 | 18,270,000 | 11,762,000 | 2,097,000 | 73,729,000 | 99,346,000 | 79,825,000 | 99,397,000 | 103,463,000 | 93,709,000 | 69,179,000 | 86,419,000 | 86,415,000 | 81,947,000 | 56,653,000 | 66,552,000 | 61,825,000 | 60,995,000 | 55,687,000 | 66,329,000 | 63,468,000 | 73,329,000 | 58,500,000 | 64,954,000 | 62,253,000 | |
other revenues | 26,045,000 | 26,005,000 | 24,432,000 | 26,896,000 | 24,362,000 | 24,144,000 | 22,439,000 | 23,038,000 | 21,591,000 | 21,215,000 | 21,541,000 | 21,091,000 | 19,204,000 | 21,121,000 | 21,911,000 | 21,090,000 | 19,414,000 | 19,856,000 | 19,027,000 | 16,636,000 | 10,614,000 | 11,967,000 | 11,111,000 | 5,772,000 | 17,109,000 | 20,265,000 | 20,362,000 | 20,861,000 | 19,083,000 | 17,635,000 | 14,837,000 | 14,815,000 | 15,501,000 | 16,118,000 | 13,694,000 | 12,972,000 | 12,184,000 | 12,222,000 | 11,193,000 | 14,072,000 | 12,249,000 | 13,795,000 | 14,081,000 | 13,477,000 | 12,531,000 | |
total revenues | 295,408,000 | 265,577,000 | 236,417,000 | 287,579,000 | 288,927,000 | 261,849,000 | 236,806,000 | 272,904,000 | 267,488,000 | 253,380,000 | 232,024,000 | 271,066,000 | 268,973,000 | 263,141,000 | 240,668,000 | 283,451,000 | 210,347,000 | 203,578,000 | 172,784,000 | 151,974,000 | 87,852,000 | 75,647,000 | 63,954,000 | 14,825,000 | 215,353,000 | 282,184,000 | 268,931,000 | 304,285,000 | 293,687,000 | 275,663,000 | 240,989,000 | 277,057,000 | 264,498,000 | 259,135,000 | 223,289,000 | 244,392,000 | 218,460,000 | 219,800,000 | 233,946,000 | 261,378,000 | 235,035,000 | 248,594,000 | 248,453,000 | 251,223,000 | 227,874,000 | |
yoy | 2.24% | 1.42% | -0.16% | 5.38% | 8.01% | 3.34% | 2.06% | 0.68% | -0.55% | -3.71% | -3.59% | -4.37% | 27.87% | 29.26% | 39.29% | 86.51% | 139.43% | 169.12% | 170.17% | 925.12% | -59.21% | -73.19% | -76.22% | -95.13% | -26.67% | 2.37% | 11.59% | 9.83% | 11.04% | 6.38% | 7.93% | 13.37% | 21.07% | 17.90% | -4.56% | -6.50% | -7.05% | -11.58% | -5.84% | 4.04% | 3.14% | |||||
qoq | 11.23% | 12.33% | -17.79% | -0.47% | 10.34% | 10.58% | -13.23% | 2.02% | 5.57% | 9.20% | -14.40% | 0.78% | 2.22% | 9.34% | -15.09% | 34.75% | 3.33% | 17.82% | 13.69% | 72.99% | 16.13% | 18.28% | 331.39% | -93.12% | -23.68% | 4.93% | -11.62% | 3.61% | 6.54% | 14.39% | -13.02% | 4.75% | 2.07% | 16.05% | -8.63% | 11.87% | -0.61% | -6.05% | -10.50% | 11.21% | -5.45% | 0.06% | -1.10% | 10.25% | ||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||
rooms expenses | 39,356,000 | 37,669,000 | 37,499,000 | 39,156,000 | 39,322,000 | 37,377,000 | 37,535,000 | 39,028,000 | 38,193,000 | 36,408,000 | 35,510,000 | 37,153,000 | 36,203,000 | 35,786,000 | 36,163,000 | 36,423,000 | 29,217,000 | 28,514,000 | 27,099,000 | 22,388,000 | 15,537,000 | 15,528,000 | 14,267,000 | 7,116,000 | 35,076,000 | 39,751,000 | 40,782,000 | 41,665,000 | 40,656,000 | 39,533,000 | 38,007,000 | 38,132,000 | 39,044,000 | 38,155,000 | 35,427,000 | 35,349,000 | 33,630,000 | 34,238,000 | 36,854,000 | 38,183,000 | 36,775,000 | 37,114,000 | 38,841,000 | |||
food and beverage expenses | 66,337,000 | 64,049,000 | 58,103,000 | 65,626,000 | 66,527,000 | 63,599,000 | 56,473,000 | 60,634,000 | 60,480,000 | 61,516,000 | 53,769,000 | 59,989,000 | 60,687,000 | 62,595,000 | 55,888,000 | 60,298,000 | 45,610,000 | 44,699,000 | 33,764,000 | 28,592,000 | 18,178,000 | 18,036,000 | 14,730,000 | 7,749,000 | 52,972,000 | 63,336,000 | 57,356,000 | 63,381,000 | 63,414,000 | 59,302,000 | 49,130,000 | 53,528,000 | 52,975,000 | 51,796,000 | 40,507,000 | 41,798,000 | 39,184,000 | 39,224,000 | 38,233,000 | 42,009,000 | 42,233,000 | 45,034,000 | 41,308,000 | 41,311,000 | 40,187,000 | |
other direct expenses | 7,222,000 | 6,581,000 | 6,860,000 | 7,338,000 | 6,721,000 | 6,185,000 | 5,980,000 | 6,757,000 | 6,087,000 | 5,920,000 | 5,835,000 | 6,014,000 | 5,698,000 | 6,032,000 | 6,155,000 | 6,366,000 | 5,294,000 | 5,265,000 | 5,059,000 | 4,736,000 | 3,198,000 | 3,233,000 | 2,863,000 | 1,507,000 | 5,392,000 | 7,482,000 | 7,576,000 | 7,900,000 | 7,117,000 | 5,879,000 | 4,609,000 | 4,715,000 | 4,474,000 | 4,688,000 | 3,441,000 | 3,303,000 | 3,007,000 | 3,277,000 | 1,520,000 | 4,086,000 | 3,965,000 | 4,728,000 | 4,625,000 | 4,385,000 | 4,265,000 | |
other indirect expenses | 70,555,000 | 67,276,000 | 67,264,000 | 68,674,000 | 71,013,000 | 69,865,000 | 68,332,000 | 69,749,000 | 67,633,000 | 65,937,000 | 65,142,000 | 66,255,000 | 66,499,000 | 68,483,000 | 64,590,000 | 63,059,000 | 53,860,000 | 54,241,000 | 50,902,000 | 44,047,000 | 37,327,000 | 31,121,000 | 33,490,000 | 26,718,000 | 70,088,000 | 70,817,000 | 70,874,000 | 71,836,000 | 72,393,000 | 67,692,000 | 60,796,000 | 63,068,000 | 63,326,000 | 66,443,000 | 54,737,000 | 55,292,000 | 53,037,000 | 53,178,000 | 55,076,000 | 57,914,000 | 57,967,000 | 58,350,000 | 58,311,000 | 56,226,000 | 53,258,000 | |
management and franchise fees | 12,096,000 | 9,398,000 | 7,382,000 | 10,156,000 | 11,964,000 | 8,861,000 | 7,362,000 | 9,651,000 | 10,633,000 | 8,417,000 | 7,403,000 | 9,226,000 | 10,189,000 | 8,698,000 | 9,083,000 | 11,049,000 | 7,626,000 | 7,492,000 | 6,025,000 | 6,140,000 | 2,844,000 | 2,434,000 | 2,043,000 | -161,000 | 7,330,000 | 11,418,000 | 10,592,000 | 12,202,000 | 12,309,000 | 11,087,000 | 10,459,000 | 12,447,000 | 11,560,000 | 10,966,000 | 9,393,000 | 11,722,000 | 11,378,000 | 10,119,000 | 11,459,000 | 13,780,000 | 12,248,000 | 12,144,000 | 12,605,000 | 13,618,000 | 11,451,000 | |
total hotel operating expenses | 195,566,000 | 184,973,000 | 177,108,000 | 190,950,000 | 195,547,000 | 185,887,000 | 175,682,000 | 185,819,000 | 183,026,000 | 178,198,000 | 167,659,000 | 178,637,000 | 179,276,000 | 181,594,000 | 171,879,000 | 177,195,000 | 141,607,000 | 140,211,000 | 122,849,000 | 105,903,000 | 77,084,000 | 70,352,000 | 67,393,000 | 42,929,000 | 170,858,000 | 192,804,000 | 187,180,000 | 196,984,000 | 195,889,000 | 183,493,000 | 163,001,000 | 171,890,000 | 171,379,000 | 172,048,000 | 143,505,000 | 147,464,000 | 140,236,000 | 140,036,000 | 143,142,000 | 155,972,000 | 153,188,000 | 157,370,000 | 155,690,000 | 152,888,000 | 144,348,000 | |
depreciation and amortization | 31,882,000 | 32,315,000 | 32,583,000 | 32,631,000 | 33,192,000 | 33,123,000 | 31,839,000 | 31,823,000 | 31,964,000 | 31,698,000 | 33,094,000 | 33,490,000 | 33,741,000 | 33,521,000 | 34,311,000 | 34,251,000 | 30,565,000 | 31,112,000 | 32,076,000 | 33,008,000 | 33,197,000 | 34,851,000 | 37,307,000 | 37,263,000 | 37,091,000 | 36,368,000 | 39,072,000 | 39,689,000 | 40,000,000 | 41,154,000 | 39,282,000 | 38,602,000 | 38,801,000 | 42,381,000 | 37,492,000 | 36,625,000 | 36,478,000 | 37,352,000 | 37,796,000 | 38,318,000 | 38,951,000 | 37,915,000 | 37,818,000 | 35,889,000 | 36,387,000 | |
real estate taxes, personal property taxes and insurance | 12,246,000 | 12,058,000 | 13,108,000 | 11,928,000 | 13,729,000 | 13,195,000 | 13,112,000 | 13,340,000 | 13,493,000 | 12,295,000 | 12,918,000 | 12,808,000 | 12,470,000 | 10,936,000 | 11,228,000 | 11,369,000 | 10,855,000 | 9,620,000 | 9,731,000 | 10,997,000 | 10,540,000 | 11,155,000 | 13,028,000 | 13,097,000 | 13,675,000 | 11,216,000 | 13,331,000 | 12,577,000 | 13,059,000 | 12,390,000 | 11,652,000 | 11,819,000 | 11,859,000 | 12,102,000 | 10,152,000 | 10,696,000 | 11,360,000 | 11,373,000 | 12,300,000 | 10,542,000 | 12,033,000 | 12,733,000 | 12,985,000 | 11,805,000 | 12,193,000 | |
ground lease expense | 380,000 | 228,000 | 264,000 | 527,000 | 831,000 | 768,000 | 788,000 | 837,000 | 786,000 | 771,000 | 751,000 | 784,000 | 710,000 | 758,000 | 685,000 | 833,000 | 517,000 | -34,000 | 405,000 | 379,000 | 403,000 | 427,000 | 478,000 | 372,000 | 754,000 | 1,084,000 | 1,071,000 | 1,158,000 | 1,090,000 | 1,056,000 | 1,120,000 | 1,141,000 | 1,565,000 | 1,670,000 | 1,393,000 | 1,409,000 | 1,376,000 | 1,335,000 | 1,356,000 | 1,402,000 | 1,353,000 | 1,335,000 | 1,272,000 | 1,322,000 | 1,275,000 | |
general and administrative expenses | 9,111,000 | 8,266,000 | 8,793,000 | 10,822,000 | 8,911,000 | 7,829,000 | 7,817,000 | 10,341,000 | 10,258,000 | 8,839,000 | 9,625,000 | 9,972,000 | 8,783,000 | 8,409,000 | 8,972,000 | 9,083,000 | 7,786,000 | 8,292,000 | 7,466,000 | 8,096,000 | 6,922,000 | 5,746,000 | 6,676,000 | 9,829,000 | 8,151,000 | 7,759,000 | 7,351,000 | 8,046,000 | 7,575,000 | 7,608,000 | 6,919,000 | 7,873,000 | 8,060,000 | 7,567,000 | 7,380,000 | 7,993,000 | 8,613,000 | 6,510,000 | 7,211,000 | 7,674,000 | 10,624,000 | 6,113,000 | 5,396,000 | 6,947,000 | 7,045,000 | |
other operating expenses | 4,113,000 | 1,002,000 | 355,000 | 224,000 | 853,000 | 1,199,000 | -103,000 | 377,000 | 830,000 | 714,000 | 206,000 | 378,000 | 232,000 | |||||||||||||||||||||||||||||||||
impairment and other losses | 487,000 | 279,000 | 49,000 | 121,000 | 100,000 | 250,000 | 1,278,000 | 16,344,000 | 1,759,000 | 12,313,000 | 8,942,000 | 3,735,000 | 16,368,000 | 9,400,000 | 14,771,000 | 80,000 | 2,174,000 | |||||||||||||||||||||||||||||
total expenses | 253,785,000 | 238,842,000 | 231,701,000 | 247,361,000 | 253,063,000 | 240,457,000 | 229,256,000 | 242,637,000 | 239,862,000 | 232,515,000 | 224,035,000 | 236,069,000 | 235,212,000 | 236,288,000 | 224,588,000 | 232,731,000 | 192,608,000 | 205,060,000 | 174,286,000 | 170,696,000 | 127,030,000 | 122,531,000 | 133,970,000 | 108,073,000 | 246,897,000 | 258,638,000 | 248,667,000 | 272,686,000 | 257,613,000 | 244,074,000 | 221,748,000 | 228,898,000 | 231,664,000 | 235,950,000 | 202,306,000 | 205,447,000 | 198,069,000 | 196,642,000 | 201,822,000 | 216,310,000 | 223,883,000 | 215,702,000 | 218,922,000 | 210,872,000 | 226,573,000 | |
operating income | 41,623,000 | 26,735,000 | 4,716,000 | 40,218,000 | 35,864,000 | 21,392,000 | 7,550,000 | 30,267,000 | 27,626,000 | 20,865,000 | 7,989,000 | 34,997,000 | 33,761,000 | 26,853,000 | 16,080,000 | 50,720,000 | 17,739,000 | -1,482,000 | -1,502,000 | -18,722,000 | -39,178,000 | -46,884,000 | -70,016,000 | -93,248,000 | -31,544,000 | 23,546,000 | 20,264,000 | 31,599,000 | 36,074,000 | 31,589,000 | 19,241,000 | 48,159,000 | 32,834,000 | 23,185,000 | 20,983,000 | 38,945,000 | 20,391,000 | 23,158,000 | 32,124,000 | 45,068,000 | 11,152,000 | 32,892,000 | 29,531,000 | 40,351,000 | 1,301,000 | |
yoy | 16.06% | 24.98% | -37.54% | 32.88% | 29.82% | 2.53% | -5.50% | -13.52% | -18.17% | -22.30% | -50.32% | -31.00% | 90.32% | -1911.94% | -1170.57% | -370.91% | -145.28% | -96.84% | -97.85% | -79.92% | 24.20% | -299.12% | -445.52% | -395.10% | -187.44% | -25.46% | 5.32% | -34.39% | 9.87% | 36.25% | -8.30% | 23.66% | 61.02% | 0.12% | -34.68% | -13.59% | 82.85% | -29.59% | 8.78% | 11.69% | 757.19% | |||||
qoq | 55.69% | 466.90% | -88.27% | 12.14% | 67.65% | 183.34% | -75.06% | 9.56% | 32.40% | 161.17% | -77.17% | 3.66% | 25.73% | 67.00% | -68.30% | 185.92% | -1296.96% | -1.33% | -91.98% | -52.21% | -16.44% | -33.04% | -24.91% | 195.61% | -233.97% | 16.20% | -35.87% | -12.41% | 14.20% | 64.18% | -60.05% | 46.67% | 41.62% | 10.49% | -46.12% | 90.99% | -11.95% | -27.91% | -28.72% | 304.12% | -66.10% | 11.38% | -26.81% | 3001.54% | ||
operating margin % | 14.09% | 10.07% | 1.99% | 13.99% | 12.41% | 8.17% | 3.19% | 11.09% | 10.33% | 8.23% | 3.44% | 12.91% | 12.55% | 10.20% | 6.68% | 17.89% | 8.43% | -0.73% | -0.87% | -12.32% | -44.60% | -61.98% | -109.48% | -628.99% | -14.65% | 8.34% | 7.54% | 10.38% | 12.28% | 11.46% | 7.98% | 17.38% | 12.41% | 8.95% | 9.40% | 15.94% | 9.33% | 10.54% | 13.73% | 17.24% | 4.74% | 13.23% | 11.89% | 16.06% | 0.57% | |
other income | 1,522,000 | 1,377,000 | 1,890,000 | 1,695,000 | 2,564,000 | 2,103,000 | 2,924,000 | 1,945,000 | 2,427,000 | 3,683,000 | 2,031,000 | 2,897,000 | 1,284,000 | 1,507,000 | 1,767,000 | 1,681,000 | -777,000 | 206,000 | 186,000 | -2,805,000 | 116,000 | -424,000 | 26,965,000 | 2,242,000 | 127,000 | 355,000 | 257,000 | 188,000 | 95,000 | 320,000 | 10,000 | 446,000 | 387,000 | 199,000 | 428,000 | 186,000 | 152,000 | 2,461,000 | 738,000 | 94,000 | 84,000 | 1,527,000 | 672,000 | -148,000 | 2,582,000 | |
interest expense | -20,879,000 | -21,927,000 | -21,818,000 | -21,926,000 | -21,051,000 | -20,135,000 | -20,144,000 | -20,245,000 | -20,358,000 | -20,689,000 | -20,524,000 | -21,650,000 | -22,134,000 | -21,253,000 | -20,583,000 | -20,353,000 | -20,538,000 | -21,486,000 | -21,358,000 | -19,691,000 | -18,750,000 | -18,374,000 | -17,006,000 | -13,571,000 | -13,024,000 | -11,345,000 | -12,293,000 | -12,380,000 | -12,587,000 | -12,730,000 | -11,902,000 | -13,053,000 | -13,717,000 | -13,398,000 | -11,599,000 | -11,146,000 | -10,150,000 | -10,099,000 | -12,373,000 | -12,801,000 | -12,840,000 | -12,090,000 | -12,496,000 | -13,048,000 | -13,181,000 | |
loss on extinguishment of debt | -21,000 | -20,000 | -29,000 | -1,140,000 | -294,000 | -1,356,000 | -213,000 | -134,000 | -384,000 | -81,000 | -274,000 | -132,000 | -244,000 | -35,000 | -4,742,000 | -5,478,000 | ||||||||||||||||||||||||||||||
net income before income taxes | 22,245,000 | 6,185,000 | -15,212,000 | 59,940,000 | 17,377,000 | -490,000 | -8,042,000 | 11,967,000 | 9,695,000 | 3,859,000 | -10,524,000 | 16,215,000 | 11,771,000 | 34,393,000 | -2,736,000 | 32,048,000 | 26,323,000 | -60,057,000 | -104,577,000 | -44,441,000 | 11,609,000 | 8,228,000 | 19,407,000 | 23,369,000 | 100,291,000 | 7,349,000 | 35,177,000 | 61,707,000 | 9,986,000 | 11,382,000 | 76,887,000 | 10,393,000 | 44,791,000 | 20,244,000 | 32,236,000 | |||||||||||
income tax expense | -1,032,000 | -870,000 | -728,000 | -1,803,000 | -5,218,000 | -3,570,000 | -1,607,000 | -6,193,000 | -6,093,000 | -5,646,000 | -4,664,000 | -5,889,000 | -2,166,000 | -6,095,000 | -3,705,000 | -3,405,000 | -5,079,000 | |||||||||||||||||||||||||||||
net income | 21,213,000 | 6,359,000 | -14,528,000 | 58,561,000 | 16,507,000 | -777,000 | -7,433,000 | 16,113,000 | 8,967,000 | 7,794,000 | -8,885,000 | 14,412,000 | 6,553,000 | 36,336,000 | -1,707,000 | 28,478,000 | -5,477,000 | -23,178,000 | -22,717,000 | -42,743,000 | -57,977,000 | 25,341,000 | -53,609,000 | -101,487,000 | -37,130,000 | 16,086,000 | 10,670,000 | 13,214,000 | 17,276,000 | 102,623,000 | 9,334,000 | 29,531,000 | 57,043,000 | 9,823,000 | 11,767,000 | 70,998,000 | 8,227,000 | 49,327,000 | 20,431,000 | 26,141,000 | -9,169,000 | 61,915,000 | 17,847,000 | 23,750,000 | -14,866,000 | |
yoy | 28.51% | -918.40% | 95.45% | 263.44% | 84.09% | -109.97% | -16.34% | 11.80% | 36.84% | -78.55% | 420.50% | -49.39% | -219.65% | -256.77% | -92.49% | -166.63% | -90.55% | -191.46% | -57.62% | -57.88% | 56.15% | 57.53% | -602.43% | -868.03% | -314.92% | -84.33% | 14.31% | -55.25% | -69.71% | 944.72% | -20.68% | -58.41% | 593.36% | -80.09% | -42.41% | 171.60% | -189.73% | -20.33% | 14.48% | 10.07% | -38.32% | |||||
qoq | 233.59% | -143.77% | -124.81% | 254.76% | -2224.45% | -89.55% | -146.13% | 79.69% | 15.05% | -187.72% | -161.65% | 119.93% | -81.97% | -2228.65% | -105.99% | -619.96% | -76.37% | 2.03% | -46.85% | -26.28% | -328.79% | -147.27% | -47.18% | 173.33% | -330.82% | 50.76% | -19.25% | -23.51% | -83.17% | 999.45% | -68.39% | -48.23% | 480.71% | -16.52% | -83.43% | 762.99% | -83.32% | 141.43% | -21.84% | -385.10% | -114.81% | 246.92% | -24.85% | -259.76% | ||
net income margin % | 7.18% | 2.39% | -6.15% | 20.36% | 5.71% | -0.30% | -3.14% | 5.90% | 3.35% | 3.08% | -3.83% | 5.32% | 2.44% | 13.81% | -0.71% | 10.05% | -2.60% | -11.39% | -13.15% | -28.13% | -65.99% | 33.50% | -83.82% | -684.57% | -17.24% | 5.70% | 3.97% | 4.34% | 5.88% | 37.23% | 3.87% | 10.66% | 21.57% | 3.79% | 5.27% | 29.05% | 3.77% | 22.44% | 8.73% | 10.00% | -3.90% | 24.91% | 7.18% | 9.45% | -6.52% | |
net income attributable to non-controlling interests | -1,442,000 | -3,404,000 | -922,000 | -775,000 | -433,000 | -620,000 | -477,000 | -355,000 | -437,000 | -573,000 | -2,630,000 | -90,000 | -737,000 | -1,387,000 | -456,000 | -129,000 | -1,580,000 | -373,000 | -3,000 | |||||||||||||||||||||||||||
net income attributable to common stockholders | 19,771,000 | 6,084,000 | -13,738,000 | 55,157,000 | 15,585,000 | -638,000 | -7,091,000 | 15,338,000 | 8,534,000 | 7,599,000 | -8,529,000 | 13,792,000 | 6,280,000 | 35,261,000 | -1,663,000 | 27,648,000 | 24,278,000 | -52,344,000 | -99,125,000 | -36,138,000 | 15,609,000 | 10,315,000 | 12,777,000 | 16,703,000 | 99,993,000 | 9,244,000 | 28,794,000 | 55,656,000 | 9,693,000 | 11,638,000 | 69,418,000 | 8,113,000 | 48,759,000 | 20,242,000 | 25,768,000 | 61,783,000 | 18,094,000 | 23,739,000 | ||||||||
basic and diluted income per share: | ||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.21 | 0.07 | -0.14 | 0.56 | 0.15 | -0.01 | -0.07 | 0.15 | 0.08 | 0.07 | -0.08 | 0.12 | 0.06 | 0.31 | -0.01 | 0.24 | -0.05 | -0.2 | -0.2 | -0.36 | -0.5 | 0.22 | -0.46 | -0.88 | -0.32 | 0.14 | 0.09 | 0.11 | 0.15 | 0.9 | 0.08 | 0.26 | 0.52 | 0.09 | 0.11 | 0.65 | 0.07 | 0.45 | 0.19 | 0.24 | -0.08 | 0.55 | 0.16 | 0.21 | -0.13 | |
weighted-average number of common shares | 92,184,900 | 96,711,589 | 95,209,147 | 97,690,231 | 100,674,498 | 101,846,303 | 101,884,090 | 101,963,677 | 101,959,418 | 108,192,148 | 107,006,690 | 109,304,694 | 111,777,894 | 114,068,733 | 114,322,269 | 114,353,273 | 114,326,406 | 113,801,862 | 113,809,212 | 113,806,186 | 113,780,388 | 113,489,015 | 113,730,716 | 113,498,689 | 112,984,868 | 112,636,123 | 112,641,568 | 112,641,416 | 112,619,144 | 110,124,142 | 112,086,917 | 108,956,408 | 106,792,350 | 106,767,108 | 106,727,330 | 106,769,003 | 106,844,272 | 108,012,708 | 107,538,601 | 107,936,336 | 109,732,721 | 111,989,686 | 111,694,773 | 111,676,096 | ||
comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on interest rate derivative instruments | 121 | 12 | 57 | -14 | -224 | 970 | -1,406 | 694 | 2,259 | -2,362 | 1,676 | 5,906 | 36 | 379 | 2,517 | 602 | -163 | 2,449 | 104 | 402 | 264 | 2,302 | -2,168 | -9,451 | -5,084 | -10,362 | 2,847 | 3,643 | 8,816 | 5,320 | -258 | 1,143 | 13,961 | 1,362 | ||||||||||||
reclassification adjustment for amounts recognized in net income | -58 | -111 | -157 | -153 | -285 | -703 | -1,118 | -1,128 | -1,132 | -1,147 | -1,083 | -460 | -97 | -147 | 692 | 2,458 | 2,840 | 2,261 | 409 | -107 | -802 | -1,188 | -1,413 | -1,287 | -879 | -606 | -54 | 480 | 412 | 693 | 812 | 964 | 972 | 973 | ||||||||||||
comprehensive income attributable to non-controlling interests | -1,447 | -3,395 | -906 | -754 | -518 | -849 | -567 | -257 | -358 | -2,325 | -141 | -816 | -1,623 | -455.5 | -132 | -763 | -219 | -317 | ||||||||||||||||||||||||||||
comprehensive income attributable to the company | 19,829 | 5,991 | -13,833 | 54,999 | 15,092 | -378 | -9,494 | 14,925 | 9,576 | 4,259 | -7,967 | 19,009 | 6,280 | 35,167 | -1,771 | 28,687 | 27,077 | -49,314 | -98,557 | -52,364 | 17,714 | 7,443 | 2,488 | 10,421 | 88,649 | 11,161 | 31,752 | 64,182 | 15,375 | 11,789 | 67,339 | 10,029 | 63,489 | 22,546 | 21,511 | |||||||||||
gain on business interruption insurance | -510,000 | -1,593,000 | -745,000 | -218,000 | -2,487,000 | -486,000 | -1,116,000 | -823,000 | -2,160,000 | -234,000 | -2,649,000 | |||||||||||||||||||||||||||||||||||
gain on sale of investment properties | 39,953,000 | 1,628,000 | 81,246,000 | 9,000 | 42,284,000 | 1,570,000 | 49,176,000 | 29,403,000 | -1,000 | -90,000 | 882,000 | |||||||||||||||||||||||||||||||||||
income tax benefit | 174,000 | 684,000 | -1,379,000 | -287,000 | 609,000 | 4,146,000 | -1,345,500 | 1,639,000 | 1,943,000 | 1,029,000 | -341,000 | -43,000 | -169,000 | -165,000 | -982,000 | 6,448,000 | 3,090,000 | 7,311,000 | -2,461,000 | 2,442,000 | -2,081,250 | 1,985,000 | -1,917,500 | 385,000 | -2,403,250 | 187,000 | -2,086,000 | 140,000 | ||||||||||||||||||
net loss attributable to non-controlling interests | -884,000 | 790,000 | -216,500 | 342,000 | -195,000 | 356,000 | -273,000 | -1,075,000 | 44,000 | -830,000 | 153,000 | 243,000 | 524,000 | 705,000 | 1,626,000 | -1,063,000 | 1,265,000 | 2,362,000 | 992,000 | -114,000 | -568,000 | -189,000 | ||||||||||||||||||||||||
comprehensive loss attributable to non-controlling interests | -876.5 | 795 | -202.25 | 463 | -26 | 325 | -273 | -1,072 | 47 | -862 | -264 | 197 | 490 | 601 | 1,558 | -1,124 | 1,191 | 2,348 | 1,477 | -87 | -1,537 | -153 | 254 | |||||||||||||||||||||||
basic and diluted income per share | ||||||||||||||||||||||||||||||||||||||||||||||
net loss before income taxes | -3,870,000 | -30,765,000 | -22,674,000 | -42,574,000 | -57,812,000 | |||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -5,324,000 | -30,145,500 | -22,193,000 | -42,038,000 | -56,351,000 | |||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share | ||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for amounts recognized in net loss | 1,152 | 1,499.75 | 1,598 | 2,070 | 2,330 | |||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to the company | -2,072 | -28,100 | -20,792 | -37,623 | -53,985 | -18,349 | ||||||||||||||||||||||||||||||||||||||||
acquisition, terminated transaction and pre-opening expenses | 146,000 | 848,000 | 7,000 | 662,000 | ||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on interest rate derivative instruments | -1,679 | -17,120 | -2,815 | -5,286 | -9,434 | |||||||||||||||||||||||||||||||||||||||||
acquisition and terminated transaction costs | 142,000 | 45,000 | 8,000 | 222,000 | ||||||||||||||||||||||||||||||||||||||||||
pre-opening and hotel rebranding expenses | 142,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests in consolidated real estate entities | -37,000 | 167,000 | -20,000 | 179,000 | 24,000 | 130,000 | -126,000 | 72,000 | 63,000 | 84,000 | -43,000 | |||||||||||||||||||||||||||||||||||
non-controlling interests of common units in operating partnership | -573,000 | -2,593,000 | -257,000 | -717,000 | -1,566,000 | -154,000 | -259,000 | -1,454,000 | -186,000 | -631,000 | -273,000 | -330,000 | ||||||||||||||||||||||||||||||||||
comprehensive loss attributable to non-controlling interests: | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition transaction costs | 102,000 | 210,000 | 1,260,000 | 6,000 | 7,000 | 2,000 | 6,000 | 140,000 | -350,000 | 4,510,000 | 856,000 | 29,000 | ||||||||||||||||||||||||||||||||||
provision for asset impairment | 29,000 | 15,000 | 2,396,000 | 7,594,000 | ||||||||||||||||||||||||||||||||||||||||||
pre-opening expenses | 586,000 | 825,000 | ||||||||||||||||||||||||||||||||||||||||||||
separation and other start-up related expenses | 426,000 | 1,165,000 | 25,296,000 | |||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 49,327,000 | 20,431,000 | 26,141,000 | -9,169,000 | 61,915,000 | 17,847,000 | 23,750,000 | -14,377,000 | ||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | 48,759,000 | 20,242,000 | 25,768,000 | 61,783,000 | 18,098,000 | 23,747,000 | ||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders | -4,000 | -8,000 | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders | 0.45 | 0.19 | 0.24 | 0.55 | 0.16 | 0.21 | ||||||||||||||||||||||||||||||||||||||||
income from discontinued operations available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to non-controlling interests: | ||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -5,464,000 | 59,866,000 | 17,707,000 | 27,155,000 | -9,298,000 | |||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to non-controlling interests | 254,000 | -132,000 | 251,000 | |||||||||||||||||||||||||||||||||||||||||||
net loss attributable to the company | -8,915,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations available to common stockholders | -0.08 | |||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests in consolidated entities | 254 | |||||||||||||||||||||||||||||||||||||||||||||
business management fees | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment property | ||||||||||||||||||||||||||||||||||||||||||||||
equity in losses and gain on consolidation of unconsolidated entity | ||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||
room revenues | 172,792,000 | 153,090,000 | ||||||||||||||||||||||||||||||||||||||||||||
room expenses | 37,348,000 | 35,187,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in (losses) and gain on consolidation of unconsolidated entity | ||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||
net (loss) from discontinued operations | -489,000 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares basic and diluted | 112,964,557 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||||||
investment properties: | ||||||||||||||||||||||||||||||||||||||||||||||
land | 472,648,000 | 472,648,000 | 472,648,000 | 472,648,000 | 472,648,000 | 455,907,000 | 455,907,000 | 455,907,000 | 460,272,000 | 460,307,000 | 460,327,000 | 460,342,000 | 460,376,000 | 460,536,000 | 460,615,000 | 467,631,000 | 467,708,000 | 431,427,000 | 446,510,000 | 446,649,000 | 446,805,000 | 446,855,000 | 456,784,000 | 483,052,000 | 483,052,000 | 483,052,000 | 472,084,000 | 472,084,000 | 477,350,000 | 477,350,000 | 459,439,000 | 440,930,000 | 440,930,000 | 440,930,000 | 335,805,000 | 335,805,000 | 329,949,000 | 331,502,000 | 343,000,000 | 343,000,000 | 346,412,000 | 374,698,000 | 372,698,000 | 337,093,000 | 337,093,000 | 338,313,000 |
buildings and other improvements | 3,139,404,000 | 3,128,322,000 | 3,160,398,000 | 3,140,539,000 | 3,122,572,000 | 3,188,885,000 | 3,177,915,000 | 3,128,031,000 | 3,130,465,000 | 3,097,711,000 | 3,157,652,000 | 3,123,142,000 | 3,097,866,000 | 3,086,785,000 | 3,091,556,000 | 3,173,920,000 | 3,160,421,000 | 2,856,671,000 | 2,925,556,000 | 2,944,101,000 | 2,952,672,000 | 2,949,114,000 | 3,172,491,000 | 3,313,232,000 | 3,293,528,000 | 3,270,056,000 | 3,165,359,000 | 3,138,232,000 | 3,124,658,000 | 3,113,745,000 | 3,073,531,000 | 2,935,912,000 | 2,909,166,000 | 2,878,375,000 | 2,728,321,000 | 2,708,251,000 | ||||||||||
total | 3,612,052,000 | 3,600,970,000 | 3,633,046,000 | 3,613,187,000 | 3,595,220,000 | 3,644,792,000 | 3,633,822,000 | 3,583,938,000 | 3,590,737,000 | 3,558,018,000 | 3,617,979,000 | 3,583,484,000 | 3,558,242,000 | 3,547,321,000 | 3,552,171,000 | 3,641,551,000 | 3,628,129,000 | 3,288,098,000 | 3,372,066,000 | 3,390,750,000 | 3,399,477,000 | 3,395,969,000 | 3,629,275,000 | 3,796,284,000 | 3,776,580,000 | 3,753,108,000 | 3,637,443,000 | 3,610,316,000 | 3,602,008,000 | 3,591,095,000 | 3,532,970,000 | 3,376,842,000 | 3,350,096,000 | 3,319,305,000 | 3,064,126,000 | 3,044,056,000 | 3,049,976,000 | 3,063,564,000 | 3,173,089,000 | 3,160,370,000 | 3,209,442,000 | 3,221,989,000 | 3,258,961,000 | 3,138,878,000 | 3,115,674,000 | 3,088,696,000 |
less: accumulated depreciation | -1,130,804,000 | -1,098,972,000 | -1,121,422,000 | -1,088,910,000 | -1,056,791,000 | -1,053,971,000 | -1,043,949,000 | -1,012,425,000 | -994,906,000 | -963,052,000 | -1,045,656,000 | -1,012,707,000 | -979,373,000 | -945,786,000 | -945,659,000 | -953,048,000 | -919,045,000 | -888,717,000 | -905,463,000 | -892,972,000 | -860,331,000 | -827,501,000 | -875,356,000 | -899,650,000 | -863,109,000 | -826,738,000 | -831,770,000 | -793,541,000 | -754,681,000 | -715,949,000 | -742,132,000 | -703,798,000 | -666,116,000 | -628,450,000 | -629,920,000 | -593,508,000 | -645,491,000 | -619,975,000 | -630,282,000 | -593,247,000 | -576,539,000 | -580,285,000 | -565,643,000 | -576,406,000 | -541,245,000 | |
net investment properties | 2,481,248,000 | 2,501,998,000 | 2,511,624,000 | 2,524,277,000 | 2,538,429,000 | 2,590,821,000 | 2,589,873,000 | 2,571,513,000 | 2,595,831,000 | 2,594,966,000 | 2,572,323,000 | 2,570,777,000 | 2,578,869,000 | 2,601,535,000 | 2,606,512,000 | 2,688,503,000 | 2,709,084,000 | 2,399,381,000 | 2,466,603,000 | 2,497,778,000 | 2,539,146,000 | 2,568,468,000 | 2,753,919,000 | 2,896,634,000 | 2,913,471,000 | 2,926,370,000 | 2,805,673,000 | 2,816,775,000 | 2,847,327,000 | 2,875,146,000 | 2,790,838,000 | 2,673,044,000 | 2,683,980,000 | 2,690,855,000 | 2,434,206,000 | 2,450,548,000 | 2,404,485,000 | 2,443,589,000 | 2,542,807,000 | 2,567,123,000 | 2,632,903,000 | 2,641,704,000 | 2,693,318,000 | 2,562,472,000 | 2,574,429,000 | 2,582,710,000 |
cash and cash equivalents | 101,078,000 | 140,427,000 | 188,242,000 | 172,609,000 | 112,564,000 | 78,201,000 | 161,469,000 | 143,612,000 | 140,109,000 | 164,725,000 | 219,165,000 | 255,291,000 | 283,154,000 | 305,103,000 | 259,885,000 | 223,764,000 | 179,077,000 | 517,377,000 | 517,464,000 | 500,337,000 | 354,597,000 | 389,823,000 | 321,051,000 | 305,888,000 | 396,816,000 | 110,841,000 | 116,483,000 | 110,366,000 | 74,462,000 | 91,413,000 | 90,040,000 | 184,809,000 | 255,513,000 | 71,884,000 | 450,441,000 | 201,815,000 | 202,370,000 | 216,054,000 | 185,311,000 | 278,055,000 | 159,576,000 | 122,154,000 | 99,430,000 | 197,300,000 | 238,132,000 | 163,053,000 |
restricted cash and escrows | 78,479,000 | 82,682,000 | 80,733,000 | 78,384,000 | 69,504,000 | 65,381,000 | 63,158,000 | 61,490,000 | 56,847,000 | 58,350,000 | 56,940,000 | 61,021,000 | 58,206,000 | 60,807,000 | 50,788,000 | 46,915,000 | 40,158,000 | 36,854,000 | 34,500,000 | 34,572,000 | 34,628,000 | 38,963,000 | 46,297,000 | 60,918,000 | 79,529,000 | 84,105,000 | 84,484,000 | 77,147,000 | 69,784,000 | 70,195,000 | 57,986,000 | 63,000,000 | 62,320,000 | 58,520,000 | 62,877,000 | 65,778,000 | 69,200,000 | 70,973,000 | 85,582,000 | 83,903,000 | 74,409,000 | 77,292,000 | 83,141,000 | 85,925,000 | 82,944,000 | 87,296,000 |
accounts and rents receivable, net of allowance for doubtful accounts | 46,417,000 | 26,937,000 | 30,355,000 | 35,592,000 | 34,078,000 | 25,758,000 | 31,976,000 | 34,661,000 | 41,320,000 | 32,432,000 | 39,195,000 | 33,237,000 | 48,255,000 | 37,562,000 | 38,709,000 | 41,846,000 | 36,242,000 | 28,528,000 | 23,833,000 | 19,869,000 | 14,567,000 | 8,966,000 | 9,093,000 | 7,319,000 | 23,458,000 | 36,542,000 | 43,456,000 | 49,071,000 | 63,305,000 | 34,804,000 | 42,105,000 | 42,728,000 | 49,483,000 | 35,865,000 | 34,542,000 | 36,364,000 | 32,289,000 | |||||||||
goodwill | 4,850,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 5,480,000 | 5,544,000 | 5,279,000 | 5,171,000 | 5,299,000 | 5,345,000 | 5,212,000 | 5,041,000 | 1,369,000 | 1,163,000 | 1,562,000 | |||||||||||||||||||||||||||||||||||
other assets | 53,284,000 | 46,237,000 | 47,291,000 | 54,201,000 | 57,530,000 | 61,254,000 | 47,930,000 | 57,516,000 | 62,881,000 | 46,856,000 | 70,154,000 | 77,294,000 | 77,401,000 | 69,988,000 | 62,371,000 | 69,065,000 | 70,112,000 | 65,109,000 | 61,119,000 | 67,700,000 | 73,620,000 | 66,927,000 | 87,642,000 | 87,887,000 | 91,251,000 | 76,151,000 | 72,994,000 | 77,980,000 | 89,068,000 | 35,619,000 | 65,081,000 | 53,981,000 | 49,155,000 | 36,349,000 | 31,911,000 | 26,574,000 | 35,200,000 | 28,257,000 | 20,449,000 | 17,670,000 | 21,821,000 | 42,156,000 | 43,446,000 | 48,098,000 | 36,124,000 | 29,254,000 |
total assets | 2,770,836,000 | 2,808,675,000 | 2,868,375,000 | 2,875,087,000 | 2,889,541,000 | 2,831,616,000 | 2,904,481,000 | 2,906,737,000 | 2,901,866,000 | 2,902,227,000 | 2,962,716,000 | 3,002,599,000 | 3,050,904,000 | 3,080,055,000 | 3,092,366,000 | 3,075,375,000 | 3,040,087,000 | 3,087,316,000 | 3,116,913,000 | 3,126,207,000 | 3,022,762,000 | 3,079,603,000 | 3,340,241,000 | 3,366,321,000 | 3,516,545,000 | 3,263,006,000 | 3,158,982,000 | 3,167,931,000 | 3,181,237,000 | 3,170,087,000 | 3,111,708,000 | 3,083,715,000 | 3,167,527,000 | 3,115,308,000 | 3,088,632,000 | 2,874,083,000 | 2,834,482,000 | 2,860,345,000 | 2,946,808,000 | 3,055,049,000 | 3,089,495,000 | 3,005,945,000 | 3,111,940,000 | 2,989,409,000 | 3,030,407,000 | 2,955,751,000 |
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
debt, net of loan premiums, discounts and unamortized deferred financing costs | 1,364,393,000 | 1,422,881,000 | 1,423,216,000 | 1,423,681,000 | 1,424,037,000 | 1,334,703,000 | 1,395,522,000 | 1,395,324,000 | 1,395,096,000 | 1,394,906,000 | 1,394,684,000 | 1,399,744,000 | 1,429,516,000 | 1,429,105,000 | 1,429,518,000 | 1,429,626,000 | 1,429,616,000 | 1,494,231,000 | 1,494,287,000 | 1,494,105,000 | 1,374,038,000 | 1,374,480,000 | ||||||||||||||||||||||||
finance lease liabilities | 7,603,000 | 7,606,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 109,999,000 | 93,541,000 | 119,233,000 | 96,683,000 | 110,968,000 | 102,896,000 | 116,632,000 | 106,016,000 | 106,470,000 | 102,389,000 | 107,363,000 | 99,755,000 | 95,982,000 | 107,097,000 | 107,823,000 | 100,430,000 | 92,818,000 | 84,051,000 | 89,634,000 | 83,439,000 | 61,635,000 | 62,676,000 | 73,639,000 | 60,079,000 | 79,230,000 | 88,197,000 | 108,292,000 | 98,455,000 | 91,745,000 | 84,967,000 | 97,700,000 | 84,180,000 | 79,820,000 | 77,005,000 | 79,862,000 | 71,871,000 | 65,455,000 | 71,955,000 | 81,696,000 | 77,705,000 | 74,867,000 | 85,846,000 | 94,797,000 | 81,576,000 | 80,036,000 | 88,356,000 |
distributions payable | 13,623,000 | 13,538,000 | 13,964,000 | 13,994,000 | 14,363,000 | 12,566,000 | 12,614,000 | 12,607,000 | 12,577,000 | 10,788,000 | 10,870,000 | 11,101,000 | 11,334,000 | 11,455,000 | 11,660,000 | 202,000 | 245,000 | 245,000 | 31,811,000 | 31,802,000 | 31,791,000 | 31,753,000 | 31,725,000 | 31,574,000 | 31,550,000 | 31,335,000 | 29,906,000 | 29,930,000 | 29,901,000 | 29,893,000 | 29,873,000 | 29,881,000 | 30,121,000 | 30,135,000 | 29,882,000 | 25,684,000 | 25,684,000 | 25,684,000 | 16,270,000 | |||||||
other liabilities | 81,456,000 | 87,572,000 | 87,283,000 | 78,780,000 | 83,816,000 | 101,118,000 | 81,412,000 | 71,764,000 | 75,684,000 | 76,647,000 | 78,852,000 | 80,228,000 | 83,200,000 | 72,390,000 | 80,864,000 | 73,738,000 | 79,248,000 | 68,648,000 | 73,400,000 | 73,569,000 | 73,402,000 | 75,382,000 | 81,152,000 | 90,623,000 | 92,029,000 | 74,795,000 | 84,201,000 | 80,694,000 | 74,294,000 | 45,753,000 | 44,607,000 | 43,714,000 | 47,278,000 | 40,694,000 | 36,060,000 | 35,224,000 | 29,576,000 | 29,810,000 | 42,986,000 | 48,158,000 | 42,889,000 | 27,858,000 | 37,023,000 | 51,190,000 | 53,749,000 | 51,426,000 |
total liabilities | 1,577,074,000 | 1,625,138,000 | 1,643,696,000 | 1,613,138,000 | 1,641,246,000 | 1,551,283,000 | 1,606,180,000 | 1,586,745,000 | 1,589,827,000 | 1,584,730,000 | 1,591,769,000 | 1,590,828,000 | 1,620,032,000 | 1,620,047,000 | 1,633,397,000 | 1,603,794,000 | 1,601,682,000 | 1,649,235,000 | 1,660,150,000 | 1,651,113,000 | 1,509,075,000 | 1,512,740,000 | 1,804,026,000 | 1,782,097,000 | 1,835,852,000 | 1,487,848,000 | 1,372,784,000 | 1,360,320,000 | 1,347,680,000 | 1,317,382,000 | 1,307,745,000 | 1,276,979,000 | 1,485,090,000 | 1,470,222,000 | 1,431,714,000 | 1,201,908,000 | 1,202,160,000 | 1,208,778,000 | 1,323,931,000 | 1,421,999,000 | 1,439,302,000 | 1,262,587,000 | 1,411,204,000 | 1,285,637,000 | 1,328,268,000 | 1,434,830,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 923,000 | 922,000 | 948,000 | 958,000 | 987,000 | 1,013,000 | 1,019,000 | 1,020,000 | 1,020,000 | 1,024,000 | 1,061,000 | 1,082,000 | 1,107,000 | 1,126,000 | 1,143,000 | 1,144,000 | 1,144,000 | 1,143,000 | 1,142,000 | 1,142,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,135,000 | 1,127,000 | 1,127,000 | 1,127,000 | 1,127,000 | 1,126,000 | 1,126,000 | 1,120,000 | 1,069,000 | 1,068,000 | 1,068,000 | 1,068,000 | 1,069,000 | 1,068,000 | 1,073,000 | 1,077,000 | 1,084,000 | 1,117,000 | 1,117,000 | 1,117,000 | 1,117,000 | |
additional paid in capital | 1,803,878,000 | 1,803,644,000 | 1,839,785,000 | 1,851,433,000 | 1,886,107,000 | 1,921,006,000 | 1,928,063,000 | 1,929,304,000 | 1,928,667,000 | 1,934,775,000 | 1,980,706,000 | 2,005,265,000 | 2,036,707,000 | 2,063,273,000 | 2,089,463,000 | 2,091,042,000 | 2,090,627,000 | 2,090,393,000 | 2,090,329,000 | 2,089,550,000 | 2,081,091,000 | 2,080,364,000 | 2,079,878,000 | 2,079,281,000 | 2,075,039,000 | 2,060,924,000 | 2,060,670,000 | 2,060,190,000 | 2,059,694,000 | 2,059,699,000 | 2,059,482,000 | 2,044,132,000 | 1,923,768,000 | 1,924,124,000 | 1,923,540,000 | 1,922,785,000 | 1,924,425,000 | 1,925,554,000 | 1,932,360,000 | 1,936,722,000 | 1,947,201,000 | 1,993,760,000 | 1,993,067,000 | 1,992,266,000 | 1,992,080,000 | |
accumulated other comprehensive income | 144,000 | 86,000 | 179,000 | 274,000 | 432,000 | 925,000 | 665,000 | 3,068,000 | 3,481,000 | 2,439,000 | 5,779,000 | 5,217,000 | 94,000 | 202,000 | -4,596,000 | -6,701,000 | -3,829,000 | 6,460,000 | 12,742,000 | 24,086,000 | 22,169,000 | 19,203,000 | 10,677,000 | 4,995,000 | 4,845,000 | 6,925,000 | 5,009,000 | -9,721,000 | -12,025,000 | -7,891,000 | 1,543,000 | |||||||||||||||
accumulated distributions in excess of net earnings | -663,657,000 | -670,434,000 | -663,565,000 | -636,480,000 | -678,153,000 | -679,841,000 | -667,025,000 | -647,658,000 | -650,702,000 | -647,246,000 | -644,287,000 | -625,118,000 | -628,060,000 | -623,216,000 | -647,248,000 | -634,137,000 | -661,785,000 | -656,461,000 | -633,584,000 | -611,391,000 | -569,353,000 | -513,002,000 | -537,339,000 | -484,995,000 | -385,882,000 | -318,434,000 | -303,002,000 | -282,258,000 | -263,978,000 | -249,654,000 | -318,616,000 | -296,830,000 | -294,766,000 | -320,964,000 | -301,217,000 | -283,449,000 | -323,401,000 | -302,034,000 | ||||||||
total company stockholders' equity | 1,141,288,000 | 1,134,218,000 | 1,177,347,000 | 1,216,185,000 | 1,209,373,000 | 1,243,103,000 | 1,262,722,000 | 1,285,734,000 | 1,282,466,000 | 1,290,992,000 | 1,343,259,000 | 1,386,446,000 | 1,409,754,000 | 1,441,183,000 | 1,443,452,000 | 1,458,251,000 | 1,429,149,000 | 1,430,986,000 | 1,451,644,000 | 1,471,657,000 | 1,500,817,000 | 1,554,075,000 | 1,526,453,000 | 1,575,170,000 | 1,669,470,000 | 1,739,021,000 | 1,752,094,000 | 1,775,230,000 | 1,803,303,000 | 1,823,913,000 | 1,766,078,000 | 1,770,591,000 | 1,649,274,000 | 1,614,905,000 | 1,628,386,000 | 1,645,249,000 | 1,609,018,000 | 1,629,597,000 | 1,602,420,000 | 1,613,878,000 | 1,632,688,000 | 1,727,429,000 | 1,689,179,000 | |||
non-controlling interests | 52,474,000 | 49,319,000 | 47,332,000 | 45,764,000 | 38,922,000 | 37,230,000 | 35,579,000 | 34,258,000 | 29,573,000 | 26,505,000 | 27,688,000 | 25,325,000 | 21,118,000 | 18,825,000 | 15,517,000 | 13,330,000 | 9,256,000 | 7,095,000 | 5,119,000 | 3,437,000 | 12,870,000 | 12,788,000 | 9,762,000 | 9,054,000 | 11,223,000 | 36,137,000 | 34,104,000 | 32,381,000 | 30,254,000 | 28,792,000 | 37,885,000 | 36,145,000 | 33,163,000 | 30,181,000 | 28,532,000 | 26,926,000 | 23,304,000 | 21,970,000 | 20,457,000 | 19,172,000 | 17,505,000 | 15,929,000 | 11,557,000 | 7,719,000 | 4,239,000 | |
total equity | 1,193,762,000 | 1,183,537,000 | 1,224,679,000 | 1,261,949,000 | 1,248,295,000 | 1,280,333,000 | 1,298,301,000 | 1,319,992,000 | 1,312,039,000 | 1,317,497,000 | 1,370,947,000 | 1,411,771,000 | 1,430,872,000 | 1,460,008,000 | 1,458,969,000 | 1,471,581,000 | 1,438,405,000 | 1,438,081,000 | 1,456,763,000 | 1,475,094,000 | 1,513,687,000 | 1,566,863,000 | 1,536,215,000 | 1,584,224,000 | 1,680,693,000 | 1,775,158,000 | 1,786,198,000 | 1,807,611,000 | 1,833,557,000 | 1,852,705,000 | 1,803,963,000 | 1,806,736,000 | 1,682,437,000 | 1,645,086,000 | 1,656,918,000 | 1,672,175,000 | 1,632,322,000 | 1,651,567,000 | 1,622,877,000 | 1,633,050,000 | 1,650,193,000 | 1,743,358,000 | 1,700,736,000 | 1,703,772,000 | 1,702,139,000 | 1,520,921,000 |
total liabilities and equity | 2,770,836,000 | 2,808,675,000 | 2,868,375,000 | 2,875,087,000 | 2,889,541,000 | 2,831,616,000 | 2,904,481,000 | 2,906,737,000 | 2,901,866,000 | 2,902,227,000 | 2,962,716,000 | 3,002,599,000 | 3,050,904,000 | 3,080,055,000 | 3,092,366,000 | 3,075,375,000 | 3,040,087,000 | 3,087,316,000 | 3,116,913,000 | 3,126,207,000 | 3,022,762,000 | 3,079,603,000 | 3,340,241,000 | 3,366,321,000 | 3,516,545,000 | 3,263,006,000 | 3,158,982,000 | 3,167,931,000 | 3,181,237,000 | 3,170,087,000 | 3,111,708,000 | 3,083,715,000 | 3,167,527,000 | 3,115,308,000 | 3,088,632,000 | 2,874,083,000 | 2,834,482,000 | 2,860,345,000 | 2,946,808,000 | 3,055,049,000 | 3,089,495,000 | 3,005,945,000 | 3,111,940,000 | 2,989,409,000 | 3,030,407,000 | 2,955,751,000 |
intangible assets, net of accumulated amortization | 4,850,000 | 4,856,000 | 4,898,000 | 5,060,000 | 5,446,000 | 6,456,000 | 28,997,000 | 61,541,000 | 68,000,000 | 76,912,000 | 60,515,000 | |||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 287 and 283, respectively | 4,851,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 286 and 283, respectively | 4,853,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 284 and 283, respectively | 4,854,000 | |||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 67,283,000 | 28,034,000 | 68,939,000 | 34,621,000 | 7,695,000 | 115,173,000 | 152,672,000 | 17,243,000 | 16,651,000 | 85,016,000 | 35,452,000 | 95,335,000 | ||||||||||||||||||||||||||||||||||
liabilities associated with assets held for sale | 8,062,000 | 1,034,000 | 3,532,000 | 2,305,000 | 2,829,000 | 65,460,000 | 1,478,000 | 267,000 | 1,655,000 | 28,663,000 | 67,358,000 | |||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 276 and 241, respectively | 4,863,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 269 and 241, respectively | 4,870,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 261 and 241, respectively | 4,878,000 | |||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,189 and 1,068, respectively | 4,939,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,149 and 1,068, respectively | 4,979,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,108 and 1,068, respectively | 5,019,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -837,000 | -4,089,000 | -6,243,000 | -7,644,000 | -12,059,000 | -14,425,000 | -17,224,000 | -20,254,000 | -20,822,000 | |||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,604 and 2,231, respectively | 5,162,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,484 and 2,231, respectively | 5,282,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,352 and 2,231, respectively | 5,414,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 3,939 and 3,183, respectively | 5,699,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 3,687 and 3,183, respectively | 5,951,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 3,434 and 3,183, respectively | 6,204,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,572 and 744, respectively | 7,066,000 | |||||||||||||||||||||||||||||||||||||||||||||
debt, net of loan discounts and unamortized deferred financing costs | 1,583,530,000 | 1,631,150,000 | 1,632,782,000 | 1,293,054,000 | 1,148,500,000 | 1,149,418,000 | 1,149,916,000 | 1,155,088,000 | 1,133,888,000 | 1,117,750,000 | 1,328,086,000 | 1,322,593,000 | 1,285,891,000 | 1,063,442,000 | 1,076,989,000 | |||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,963 and 744, respectively | 7,675,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,353 and 744, respectively | 12,020,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 3,630 and 3,578, respectively | 35,892,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,930 and 3,578, respectively | 36,592,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,230 and 3,578, respectively | 37,291,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 6,081 and 3,286, respectively | 65,658,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 5,134 and 3,286, respectively | 66,153,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 4,212 and 3,286, respectively | 67,076,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 5,891 and 4,324, respectively | 74,655,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 4,785 and 4,324, respectively | 75,761,000 | |||||||||||||||||||||||||||||||||||||||||||||
building and other improvements | 2,720,027,000 | 2,732,062,000 | 2,830,089,000 | 2,817,370,000 | 2,863,030,000 | 2,847,122,000 | 2,845,901,000 | 2,739,186,000 | 2,727,741,000 | 2,710,647,000 | ||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 4,662 and 4,324, respectively | 74,287,000 | |||||||||||||||||||||||||||||||||||||||||||||
construction in progress | 169,000 | 40,362,000 | 62,599,000 | 50,840,000 | 39,736,000 | |||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance | 22,998,000 | |||||||||||||||||||||||||||||||||||||||||||||
debt, net of loan discounts, premiums and unamortized deferred financing costs | 1,077,132,000 | 1,169,128,000 | 1,266,001,000 | 1,290,009,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 259 and 243, respectively | 33,587,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 19,259 and 16,660, respectively | 77,346,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | 1,726,000 | 2,205,000 | 2,280,000 | 2,304,000 | 1,853,000 | 1,883,000 | 443,000 | 2,393,000 | ||||||||||||||||||||||||||||||||||||||
distributions in excess of retained earnings | -321,292,000 | -311,896,000 | -307,706,000 | -268,991,000 | -305,005,000 | -297,330,000 | -295,297,000 | |||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 307 and 243, respectively | 27,913,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 18,425 and 16,660, respectively | 78,180,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 236 and 243, respectively | 31,993,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 18,043 and 17,140, respectively | 81,497,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 243 and 251, respectively | 24,368,000 | |||||||||||||||||||||||||||||||||||||||||||||
debt | 1,094,536,000 | 1,186,342,000 | 1,127,187,000 | 1,178,213,000 | 1,295,048,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value (liquidation preference of 1,000), 50,000,000 shares authorized and 0 issued or outstanding as of december 31, 2015 and 0 shares authorized, issued and outstanding as of december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 271 and 251, respectively | 33,658,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 16,146 and 15,143, respectively | 61,759,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value (liquidation preference of 1,000), 50,000,000 shares authorized and 0 issued or outstanding as of september 30, 2015 and 0 shares authorized, issued or outstanding as of december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 286 and 251, respectively | 31,283,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 15,562 and 15,143, respectively | 62,448,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
total company stockholders’ equity | 1,696,053,000 | 1,697,900,000 | 1,517,266,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable, net of allowance of 285 and 251, respectively | 35,032,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 14,567 and 15,143, respectively | 63,303,000 | |||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation | -505,986,000 | |||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | ||||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable | 26,504,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 64,541,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value | ||||||||||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||||||||
capital contributions | 1,781,427,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -264,161,000 | |||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 3,655,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
net income | 21,213,000 | 6,359,000 | -14,528,000 | 58,561,000 | 16,507,000 | -777,000 | -7,433,000 | 16,113,000 | 8,967,000 | 7,794,000 | -8,885,000 | 14,412,000 | 6,553,000 | 36,336,000 | -1,707,000 | 25,341,000 | -53,609,000 | -101,488,000 | -37,130,000 | 16,086,000 | 10,667,000 | 13,214,000 | 17,276,000 | 102,623,000 | 9,334,000 | 29,532,000 | 57,043,000 | 9,823,000 | 11,768,000 | 70,998,000 | 8,227,000 | 49,327,000 | 20,432,000 | 26,140,000 | -9,169,000 | 61,915,000 | 17,847,000 | 23,746,000 | -14,866,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation | 31,881,000 | 32,312,000 | 32,578,000 | 32,624,000 | 33,185,000 | 33,105,000 | 31,821,000 | 31,802,000 | 31,931,000 | 31,644,000 | 33,041,000 | 33,437,000 | 33,687,000 | 33,404,000 | 34,176,000 | 34,104,000 | 30,429,000 | 30,845,000 | 31,808,000 | 32,741,000 | 32,929,000 | 34,209,000 | 36,665,000 | 36,619,000 | 36,448,000 | 35,661,000 | 38,356,000 | 38,979,000 | 39,274,000 | 40,104,000 | 38,423,000 | 37,770,000 | 37,965,000 | 39,951,000 | 36,510,000 | 36,198,000 | 36,280,000 | 37,065,000 | 37,107,000 | 37,591,000 | 38,199,000 | 36,997,000 | 37,007,000 | 35,119,000 | 35,301,000 |
non-cash ground rent and amortization of other intangibles | 1,000 | 3,000 | 5,000 | 7,000 | 7,000 | 18,000 | 18,000 | 21,000 | 33,000 | 54,000 | 53,000 | 53,000 | 54,000 | 117,000 | 135,000 | 147,000 | 136,000 | 267,000 | 268,000 | 267,000 | 268,000 | 625,000 | 624,000 | 627,000 | 737,000 | ||||||||||||||||||||
amortization of debt premiums, discounts, and financing costs | 1,084,000 | 1,210,000 | 1,070,000 | 1,168,000 | 1,039,000 | 1,288,000 | 1,358,000 | 1,382,000 | 1,333,000 | 1,357,000 | 1,263,000 | 1,013,000 | 1,282,000 | 1,335,000 | 1,308,000 | 1,331,000 | 1,286,000 | 1,337,000 | 1,291,000 | 1,557,000 | 1,767,000 | 623,000 | 623,000 | 602,000 | 602,000 | 625,000 | 628,000 | 600,000 | 646,000 | 721,000 | 749,000 | 697,000 | 683,000 | 719,000 | 746,000 | 947,000 | 1,059,000 | 1,003,000 | 884,000 | 681,000 | 1,022,000 | 1,169,000 | |||
loss on extinguishment of debt | 21,000 | 0 | 20,000 | 29,000 | 1,140,000 | 0 | 0 | 0 | 294,000 | 0 | 0 | 0 | 0 | 1,000 | 213,000 | 134,000 | 0 | 384,000 | 81,000 | 0 | 0 | 132,000 | 245,000 | 36,000 | 4,742,000 | 5,478,000 | 0 | 178,000 | 105,000 | ||||||||||||||||
gain on insurance recoveries | 0 | -1,101,000 | 0 | -548,000 | -2,081,000 | -900,000 | -437,000 | -1,010,000 | 0 | 0 | 0 | -1,037,000 | -1,519,000 | -994,000 | |||||||||||||||||||||||||||||||
share-based compensation expense | 2,800,000 | 2,607,000 | 3,257,000 | 4,579,000 | 2,626,000 | 2,543,000 | 2,543,000 | 4,675,000 | 3,897,000 | 3,307,000 | 3,302,000 | 3,968,000 | 2,591,000 | 2,813,000 | 2,813,000 | 3,578,000 | 2,207,000 | 2,802,000 | 2,875,000 | 3,643,000 | 2,295,000 | 2,356,000 | 2,266,000 | 4,268,000 | 2,040,000 | 2,289,000 | 2,295,000 | 2,902,000 | 1,894,000 | 2,178,000 | 2,167,000 | 2,757,000 | 2,070,000 | 2,343,000 | 2,405,000 | 2,952,000 | 2,230,000 | 1,919,000 | 2,045,000 | 2,307,000 | 2,697,000 | 1,328,000 | 1,326,000 | 1,774,000 | 1,674,000 |
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
accounts and rents receivable | -19,480,000 | 3,418,000 | 5,237,000 | 989,000 | -10,823,000 | 6,218,000 | 2,828,000 | 6,516,000 | -8,888,000 | 6,763,000 | -5,958,000 | 15,018,000 | -10,693,000 | 1,515,000 | 2,769,000 | -5,605,000 | -7,599,000 | -3,993,000 | -4,780,000 | -5,299,000 | -5,604,000 | 577,000 | -2,448,000 | 16,139,000 | 13,084,000 | 6,888,000 | 5,616,000 | 14,233,000 | -28,501,000 | 10,096,000 | 2,448,000 | 7,177,000 | -15,617,000 | 3,767,000 | 7,256,000 | -4,062,000 | -8,870,000 | 10,284,000 | -5,370,000 | 4,912,000 | -8,356,000 | 8,750,000 | -4,124,000 | 3,679,000 | -8,643,000 |
other assets | -7,096,000 | -2,468,000 | 6,528,000 | 4,125,000 | -840,000 | -8,520,000 | 5,326,000 | -379,000 | -15,370,000 | 19,574,000 | 7,032,000 | 5,115,000 | -4,127,000 | -7,773,000 | 3,964,000 | 2,364,000 | -5,315,000 | -5,036,000 | 4,011,000 | 5,618,000 | -8,286,000 | 3,015,000 | -3,908,000 | 4,080,000 | -15,646,000 | -3,454,000 | 3,923,000 | 4,761,000 | -9,548,000 | 967,000 | 1,015,000 | 2,843,000 | -1,312,000 | 29,000 | -200,000 | -80,000 | 1,319,000 | ||||||||
accounts payable and accrued expenses | 16,704,000 | -24,787,000 | 22,316,000 | -17,445,000 | 15,776,000 | -13,509,000 | 9,317,000 | -541,000 | 2,496,000 | -5,880,000 | 6,036,000 | 2,986,000 | -9,507,000 | -2,797,000 | 9,721,000 | 7,327,000 | 8,234,000 | -4,680,000 | 6,514,000 | 22,016,000 | 212,000 | -10,331,000 | 16,437,000 | -19,869,000 | -9,526,000 | -20,131,000 | 9,607,000 | 6,540,000 | 6,401,000 | -15,892,000 | 10,351,000 | 4,851,000 | 1,997,000 | -13,489,000 | -222,000 | 7,730,000 | -5,054,000 | -9,989,000 | 7,147,000 | -329,000 | -5,582,000 | -9,334,000 | 8,655,000 | 4,878,000 | -10,624,000 |
other liabilities | -2,097,000 | 2,737,000 | 8,682,000 | -8,621,000 | -2,163,000 | 10,252,000 | 7,949,000 | -1,943,000 | 1,341,000 | -4,493,000 | 1,368,000 | -5,136,000 | 10,629,000 | -8,429,000 | 7,117,000 | -4,142,000 | 9,780,000 | -2,856,000 | 4,502,000 | 4,513,000 | 3,236,000 | -1,172,000 | -2,737,000 | 724,000 | -1,611,000 | -7,558,000 | 366,000 | 2,487,000 | 5,203,000 | -3,289,000 | 1,080,000 | 784,000 | 1,221,000 | 269,000 | 476,000 | 5,336,000 | 1,938,000 | -7,147,000 | -1,945,000 | -1,523,000 | 6,176,000 | -8,805,000 | -5,343,000 | -2,515,000 | 2,631,000 |
net cash from operating activities | 45,031,000 | 21,391,000 | 64,044,000 | 36,313,000 | 54,766,000 | 30,582,000 | 51,199,000 | 57,209,000 | 24,730,000 | 60,120,000 | 37,272,000 | 70,360,000 | 30,313,000 | 29,235,000 | 59,259,000 | 66,063,000 | 32,572,000 | 11,410,000 | 24,531,000 | 35,982,000 | -31,160,000 | -34,011,000 | 4,460,000 | -53,558,000 | 5,387,000 | 41,511,000 | 72,199,000 | 99,222,000 | 33,638,000 | 57,434,000 | 66,359,000 | 87,640,000 | 42,761,000 | 41,622,000 | 54,340,000 | 82,638,000 | 34,214,000 | ||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
purchase of investment properties | 0 | 0 | 0 | -25,441,000 | 0 | 0 | 0 | -328,493,000 | -226,163,000 | -402,629,000 | 2,619,000 | 0 | 0 | 0 | -116,000,000 | -260,000 | |||||||||||||||||||||||||||||
capital expenditures | -15,236,000 | -15,906,000 | -19,862,000 | -18,488,000 | -32,353,000 | -24,402,000 | -46,885,000 | -35,835,000 | -33,432,000 | -51,399,000 | -35,510,000 | -22,362,000 | -11,634,000 | -29,694,000 | -18,838,000 | -14,345,000 | -7,499,000 | -12,669,000 | -7,300,000 | -4,608,000 | -7,242,000 | -11,071,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
free cash flows | 29,795,000 | 5,485,000 | 44,182,000 | 17,825,000 | 22,413,000 | 6,180,000 | 4,314,000 | 21,374,000 | -8,702,000 | 8,721,000 | 1,762,000 | 47,998,000 | 18,679,000 | -459,000 | 40,421,000 | 51,718,000 | 25,073,000 | -1,259,000 | 17,231,000 | 31,374,000 | -38,402,000 | -45,082,000 | 4,460,000 | -53,558,000 | 5,387,000 | 41,511,000 | 72,199,000 | 99,222,000 | 33,638,000 | 57,434,000 | 66,359,000 | 87,640,000 | 42,761,000 | 41,622,000 | 54,340,000 | 82,638,000 | 34,214,000 | ||||||||
proceeds from property insurance | 102,000 | 1,076,000 | 796,000 | 1,597,000 | 632,000 | 1,316,000 | 92,000 | 1,010,000 | 0 | 0 | 294,000 | 2,251,000 | 304,000 | 1,168,000 | |||||||||||||||||||||||||||||||
net cash from investing activities | -15,236,000 | -15,804,000 | -18,786,000 | 83,712,000 | -56,197,000 | -23,770,000 | -16,462,000 | -35,743,000 | -32,271,000 | -51,170,000 | -35,360,000 | -21,659,000 | -10,563,000 | 65,544,000 | -16,257,000 | -13,588,000 | -301,092,000 | -7,584,000 | -6,655,000 | -3,424,000 | -6,547,000 | 309,482,000 | -14,712,000 | -20,405,000 | -20,177,000 | -160,094,000 | -26,232,000 | -23,302,000 | -13,260,000 | -20,140,000 | -165,724,000 | -36,983,000 | 173,045,000 | -430,917,000 | -5,904,000 | -39,297,000 | -11,440,000 | ||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
payoff of mortgage debt | -58,147,000 | 0 | 0 | 0 | -99,488,000 | 0 | 0 | 0 | -65,000,000 | ||||||||||||||||||||||||||||||||||||
principal payments of mortgage debt | -1,044,000 | -1,144,000 | -1,134,000 | -1,123,000 | -1,030,000 | -854,000 | -843,000 | -834,000 | -825,000 | -815,000 | -806,000 | -796,000 | -890,000 | -1,457,000 | -1,130,000 | -1,031,000 | -932,000 | -1,103,000 | -734,000 | -2,797,000 | -1,357,000 | -682,000 | -142,000 | -700,000 | -691,000 | -1,003,000 | -902,000 | -897,000 | -804,000 | -971,000 | -1,077,000 | -1,160,000 | -693,000 | -3,858,000 | -732,000 | -564,000 | -642,000 | -3,203,000 | -870,000 | -2,633,000 | -874,000 | -1,532,000 | -2,134,000 | -2,337,000 | -2,236,000 |
principal payments on finance leases | -3,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from corporate credit facility term loan | 0 | 0 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from draw on the revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||
payments on the revolving credit facility | 0 | 0 | 0 | -20,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
repurchase of common shares | -36,566,000 | -12,338,000 | -35,669,000 | -35,785,000 | -7,649,000 | -1,877,000 | 0 | -6,324,000 | -48,986,000 | -25,042,000 | -31,948,000 | -26,746,000 | -26,322,000 | 0 | 0 | 0 | -2,264,000 | 0 | 0 | -2,316,000 | -1,787,000 | -7,715,000 | -5,543,000 | -11,431,000 | -49,287,000 | 0 | 0 | 0 | -36,946,000 | ||||||||||||||||
redemption of operating partnership units | 0 | 0 | 0 | -342,000 | 0 | 0 | 0 | -655,000 | 0 | 0 | 0 | 0 | 0 | -8,623,000 | |||||||||||||||||||||||||||||||
dividends and dividend equivalents | -13,390,000 | -13,735,000 | -13,804,000 | -14,209,000 | -12,449,000 | -12,519,000 | -12,492,000 | -12,486,000 | -10,423,000 | -10,803,000 | -11,051,000 | -11,300,000 | -11,459,000 | -11,626,000 | 0 | 0 | -54,000 | 0 | 0 | 0 | -54,000 | ||||||||||||||||||||||||
shares redeemed to satisfy tax withholding on vested share-based compensation | -763,000 | 1,000 | 0 | -99,000 | -477,000 | 0 | 0 | 0 | -351,000 | 0 | 0 | 0 | -578,000 | -137,000 | 0 | 0 | -490,000 | -456,000 | 0 | 0 | -443,000 | ||||||||||||||||||||||||
net cash from financing activities | -73,347,000 | -51,453,000 | -27,276,000 | -51,100,000 | 39,917,000 | -87,857,000 | -15,212,000 | -13,320,000 | -18,578,000 | -61,980,000 | -42,119,000 | -73,749,000 | -44,300,000 | -39,542,000 | -3,008,000 | -1,031,000 | -66,476,000 | -1,559,000 | -821,000 | 113,126,000 | -1,854,000 | 10,794,000 | -35,576,000 | 296,189,000 | -32,513,000 | -32,653,000 | -37,740,000 | -23,712,000 | -418,000 | -120,681,000 | -28,377,000 | 6,381,000 | 192,094,000 | -43,896,000 | -36,458,000 | ||||||||||
net increase in cash and cash equivalents and restricted cash | -43,552,000 | -45,866,000 | 17,982,000 | 68,925,000 | 38,486,000 | 55,237,000 | 39,994,000 | 2,267,000 | 17,055,000 | 145,684,000 | -39,561,000 | 61,438,000 | 542,000 | -109,539,000 | 281,399,000 | -6,021,000 | 13,454,000 | 43,267,000 | -17,362,000 | 13,582,000 | -99,783,000 | -70,024,000 | 187,429,000 | -382,914,000 | |||||||||||||||||||||
cash and cash equivalents and restricted cash, at beginning of period | 223,109,000 | 0 | 0 | 143,582,000 | 0 | 0 | 223,075,000 | 0 | 0 | 365,910,000 | 0 | 0 | 554,231,000 | 0 | 0 | 428,786,000 | 0 | 0 | 194,946,000 | 0 | 0 | 161,608,000 | 0 | 0 | 130,404,000 | ||||||||||||||||||||
cash and cash equivalents and restricted cash, at end of period | 179,557,000 | 17,982,000 | 68,925,000 | 182,068,000 | 19,525,000 | 8,146,000 | 196,956,000 | -40,207,000 | -25,048,000 | 341,360,000 | 39,994,000 | 51,444,000 | 219,235,000 | 17,055,000 | 145,684,000 | 389,225,000 | 542,000 | -109,539,000 | 476,345,000 | 13,454,000 | 43,267,000 | 144,246,000 | -99,783,000 | -70,024,000 | 317,833,000 | ||||||||||||||||||||
gain on sale of investment properties | 0 | 0 | 0 | -81,246,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
impairment and other losses | 0 | 0 | 15,827,000 | 759,000 | 0 | 8,942,000 | 3,734,000 | 16,368,000 | 9,400,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||
deferred interest expense | 0 | 0 | 0 | -1,296,000 | 0 | 0 | 0 | -409,000 | 1,705,000 | ||||||||||||||||||||||||||||||||||||
proceeds from sale of investment properties | 0 | 0 | 0 | 94,299,000 | 0 | 0 | 32,820,000 | 215,637,000 | 0 | 0 | 196,920,000 | 0 | 18,458,000 | 112,032,000 | 1,000,000 | 129,230,000 | 30,899,000 | ||||||||||||||||||||||||||||
performance guaranty payments | 0 | 0 | 0 | 151,000 | 229,000 | 150,000 | 168,000 | 1,071,000 | 645,000 | 330,000 | 453,000 | 912,000 | 368,000 | 645,000 | 1,184,000 | 695,000 | 137,000 | ||||||||||||||||||||||||||||
proceeds from mortgage debt modification | 0 | 0 | 0 | 440,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from corporate credit facility term loans | |||||||||||||||||||||||||||||||||||||||||||||
principal payments on corporate credit facility term loans | 0 | 0 | -212,400,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from draws on the revolving credit facility | 0 | 0 | 0 | 10,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
proceeds from senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
principal payments of 2020 senior notes | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of 2020 senior notes | 0 | -5,220,000 | |||||||||||||||||||||||||||||||||||||||||||
payment of loan fees and issuance costs | 0 | 0 | 0 | -5,554,000 | 0 | -87,000 | -7,315,000 | ||||||||||||||||||||||||||||||||||||||
payment of loan modification fees | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, at end of year | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | 8,146,000 | -26,119,000 | -40,207,000 | -25,048,000 | -24,550,000 | -334,996,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from 2023 term loans | 0 | 0 | 0 | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||
principal payments on corporate credit facility term loan | 0 | 0 | 0 | -125,000,000 | |||||||||||||||||||||||||||||||||||||||||
loss on sale of investment properties | |||||||||||||||||||||||||||||||||||||||||||||
payment loan modification fees | 0 | 0 | 0 | -25,000 | |||||||||||||||||||||||||||||||||||||||||
other non-cash adjustments | 0 | 109,000 | 75,000 | 379,000 | 235,000 | -578,000 | |||||||||||||||||||||||||||||||||||||||
net loss | -5,477,000 | -22,717,000 | -42,743,000 | -57,977,000 | |||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
payoffs of mortgage debt | 0 | 0 | -14,857,000 | 0 | 0 | -90,000,000 | -43,365,000 | 0 | -210,000,000 | -18,344,000 | 0 | 0 | -129,861,000 | -97,000,000 | -22,267,000 | -27,775,000 | -219,426,000 | 0 | -55,153,000 | -26,315,000 | |||||||||||||||||||||||||
deposit received for pending disposition of hotel property | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage debt and notes payable | 0 | 18,000,000 | 0 | 65,000,000 | 0 | 100,000,000 | 40,710,000 | 0 | 0 | 71,258,000 | 45,095,000 | 6,139,000 | 6,024,000 | 7,465,000 | |||||||||||||||||||||||||||||||
contributions from non-controlling interests | 0 | 0 | 0 | 79,000 | 0 | 0 | 0 | 341,000 | 3,615,000 | 3,464,000 | 2,585,000 | 584,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of offering costs | 3,000 | 14,908,000 | |||||||||||||||||||||||||||||||||||||||||||
acquisition of non-controlling interest in consolidated real estate investments | |||||||||||||||||||||||||||||||||||||||||||||
dividends | 0 | 0 | -31,554,000 | -31,608,000 | -31,571,000 | -31,198,000 | -31,758,000 | -31,338,000 | -31,248,000 | -31,074,000 | -29,674,000 | -29,737,000 | |||||||||||||||||||||||||||||||||
net cash from (used) in financing activities | |||||||||||||||||||||||||||||||||||||||||||||
amortization of loan discounts and deferred financing costs | 1,122,000 | ||||||||||||||||||||||||||||||||||||||||||||
payments on revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior secured notes | |||||||||||||||||||||||||||||||||||||||||||||
shares redeemed to satisfy tax withholding on vested share based compensation | 0 | -158,000 | -625,000 | -2,000 | 0 | 2,000 | -598,000 | 0 | 0 | 0 | -1,021,000 | -11,000 | -89,000 | -1,000 | -1,760,000 | ||||||||||||||||||||||||||||||
non-cash interest expense | |||||||||||||||||||||||||||||||||||||||||||||
capital expenditures and tenant improvements | -18,405,000 | -22,177,000 | -30,242,000 | -26,232,000 | -23,302,000 | -13,260,000 | -24,614,000 | -27,738,000 | -31,983,000 | -23,875,000 | -34,288,000 | -20,717,000 | -16,460,000 | -14,936,000 | -20,732,000 | -17,930,000 | -12,893,000 | -7,268,000 | -12,841,000 | -9,990,000 | -13,868,000 | -17,083,000 | |||||||||||||||||||||||
payment of loan fees | |||||||||||||||||||||||||||||||||||||||||||||
deposit received for pending dispositions of hotel properties | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan | 0 | 0 | 0 | 85,000,000 | 0 | 0 | 0 | 0 | 125,000,000 | ||||||||||||||||||||||||||||||||||||
proceeds from draws on the senior unsecured revolving credit facility | 340,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
payments on senior unsecured revolving line of credit | |||||||||||||||||||||||||||||||||||||||||||||
distributions paid to non-controlling interests | -235,000 | -164,000 | -128,000 | -67,000 | -137,000 | -64,000 | -82,000 | -33,000 | |||||||||||||||||||||||||||||||||||||
amortization of above and below market leases and other lease intangibles | 767,000 | 732,000 | 801,000 | 1,131,000 | 941,000 | 906,000 | 876,000 | 2,537,000 | 1,086,000 | 523,000 | 354,000 | 807,000 | |||||||||||||||||||||||||||||||||
deposits for acquisition of hotel properties | -10,000,000 | 0 | 4,500,000 | ||||||||||||||||||||||||||||||||||||||||||
payment of loan fees and deposits | -21,000 | -1,175,000 | 33,000 | -3,661,000 | 34,000 | -2,335,000 | -328,000 | 32,000 | 45,000 | -723,000 | -3,893,000 | 0 | 0 | -2,926,000 | |||||||||||||||||||||||||||||||
prepayment penalties and defeasance | 0 | 0 | 0 | -4,813,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from revolving line of credit draws | 40,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
payments on revolving line of credit | 0 | 0 | -40,000,000 | 0 | 0 | -117,000,000 | |||||||||||||||||||||||||||||||||||||||
gain on sale of investment property | -42,284,000 | 0 | -1,571,000 | -29,403,000 | 0 | 90,000 | -882,000 | ||||||||||||||||||||||||||||||||||||||
deferred costs and other assets | -4,328,000 | 1,699,000 | 4,468,000 | -1,610,000 | -1,614,000 | -1,297,000 | 5,269,000 | 886,000 | -4,005,000 | 1,981,000 | 8,507,000 | -2,280,000 | |||||||||||||||||||||||||||||||||
investment in development projects | -5,221,000 | -7,693,000 | -11,676,000 | -11,473,000 | |||||||||||||||||||||||||||||||||||||||||
distribution to inventrust properties corp. | 0 | 0 | 0 | -23,505,000 | |||||||||||||||||||||||||||||||||||||||||
contribution from inventrust properties corp. | 0 | 0 | 0 | 176,805,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred shares, net of offering costs | 0 | 0 | 0 | 102,000 | |||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | 0 | ||||||||||||||||||||||||||||||||||||||||||||
dividends, common shares/units | -29,549,000 | -29,586,000 | -29,520,000 | -29,787,000 | -29,859,000 | -29,786,000 | -29,801,000 | -25,684,000 | |||||||||||||||||||||||||||||||||||||
dividends, preferred shares | 0 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||
provision for asset impairment | |||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,318,000 | -6,000 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash and escrows | -3,232,000 | 3,496,000 | 16,766,000 | -2,710,000 | -10,756,000 | 4,189,000 | -201,000 | 2,784,000 | -2,981,000 | 4,352,000 | |||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -555,000 | -13,684,000 | 30,743,000 | -92,744,000 | 118,479,000 | 37,422,000 | 22,724,000 | -97,870,000 | -40,832,000 | 75,079,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents, at beginning of period | 0 | 216,054,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at end of period | -555,000 | 202,370,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | 3,155,000 | 655,000 | |||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 10,416,000 | 9,480,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
accrued capital expenditures | 705,000 | 2,468,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of designated interest rate swaps | -2,122,000 | 1,955,000 | |||||||||||||||||||||||||||||||||||||||||||
deposit applied to purchase price of hotel property upon acquisition | |||||||||||||||||||||||||||||||||||||||||||||
payment of lender deposit for mortgage loan | -2,415,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of above and below market leases and other lease tangibles | 775,000 | 940,000 | 913,000 | 809,000 | 1,047,000 | ||||||||||||||||||||||||||||||||||||||||
equity in losses and gain on consolidation of unconsolidated entity | |||||||||||||||||||||||||||||||||||||||||||||
acquired goodwill, intangible assets, and intangible liabilities | |||||||||||||||||||||||||||||||||||||||||||||
consolidation of real estate entity | |||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated entities | |||||||||||||||||||||||||||||||||||||||||||||
payments for contingent consideration | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at beginning of year | 0 | 0 | 0 | 122,154,000 | 0 | 0 | 0 | 163,053,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at end of year | |||||||||||||||||||||||||||||||||||||||||||||
benefit from asset impairment | 15,000 | 2,397,000 | 7,594,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities | 60,127,000 | 79,067,000 | 33,379,000 | 51,462,000 | 59,322,000 | 77,432,000 | 4,936,000 | ||||||||||||||||||||||||||||||||||||||
cash flows used in investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in investing activities | -88,180,000 | -255,599,000 | -53,105,000 | -22,885,000 | |||||||||||||||||||||||||||||||||||||||||
cash flows used in financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities | -133,231,000 | -66,169,000 | 92,223,000 | -143,656,000 | 98,407,000 | -65,159,000 | 93,028,000 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at september 30, 2016 and 2015 | |||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at june 30, 2016 and 2015 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at march 31, 2016 and 2015 | 159,576,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in earnings, (impairment) of investment and gain on consolidation of unconsolidated entity | |||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated entities | |||||||||||||||||||||||||||||||||||||||||||||
release of restricted cash to operating | |||||||||||||||||||||||||||||||||||||||||||||
consolidation of joint venture | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of and return of capital from unconsolidated entities | |||||||||||||||||||||||||||||||||||||||||||||
payoff of notes receivable | |||||||||||||||||||||||||||||||||||||||||||||
dividends, common shares | -25,515,000 | -25,921,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at december 31, 2015, 2014 and 2013 | |||||||||||||||||||||||||||||||||||||||||||||
equity in losses and gain on consolidation of entity | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at september 30, 2015 and 2014 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at june 30, 2015 and 2014 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at march 31, 2015 and 2014 | 238,132,000 | ||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | |||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) loss and loss and impairment of investment in unconsolidated entities; net | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of venture partner’s interest | |||||||||||||||||||||||||||||||||||||||||||||
payments from notes receivable | |||||||||||||||||||||||||||||||||||||||||||||
distribution to inland american | |||||||||||||||||||||||||||||||||||||||||||||
contribution from inland american | |||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||
disposal of noncontrolling interests |
