ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

2024 Q2 Form 10-Q Financial Statement

#000155837024011882 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q2

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.43M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.56M
YoY Change 1.57%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.367B
YoY Change 1.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $5.379B
YoY Change 10.85%
SHAREHOLDERS EQUITY
Retained Earnings -$1.225B
YoY Change 32.52%
Common Stock $2.848B
YoY Change -8.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.672B
YoY Change
Total Liabilities & Shareholders Equity $7.367B
YoY Change 1.71%

Cashflow Statement

Concept 2024 Q2

Facts In Submission

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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
Ares Industrial Real Estate Income Trust Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-1592886
dei Entity Address Address Line1
EntityAddressAddressLine1
One Tabor Center
dei Entity Address Address Line2
EntityAddressAddressLine2
1200 Seventeenth Street, Suite 2900
dei Entity Address City Or Town
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Denver
dei Entity Address State Or Province
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CO
dei Entity Address Postal Zip Code
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80202
dei City Area Code
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303
dei Local Phone Number
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228-2200
dei Entity Current Reporting Status
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dei Entity Interactive Data Current
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dei Entity Filer Category
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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CY2024Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-48640000
CY2024Q2 aire Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
-37000
CY2024Q2 aire Other Comprehensive Income Loss Excluding Redeemable Noncontrolling Interest Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossExcludingRedeemableNoncontrollingInterestCashFlowHedgeGainLossAfterReclassificationAndTax
-1343000
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
39867000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
776000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1336000
CY2024Q2 aire Adjustments To Additional Paid In Capital Stock Issued Distribution Fees
AdjustmentsToAdditionalPaidInCapitalStockIssuedDistributionFees
17736000
CY2024Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
176320000
CY2024Q2 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
307321000
CY2024Q2 aire Noncontrolling Interest Decrease From Distributions
NoncontrollingInterestDecreaseFromDistributions
1252000
CY2024Q2 us-gaap Dividends
Dividends
46705000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
575000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1879635000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2553347000
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-3018000
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-113050000
aire Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
59000
aire Other Comprehensive Income Loss Excluding Redeemable Noncontrolling Interest Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossExcludingRedeemableNoncontrollingInterestCashFlowHedgeGainLossAfterReclassificationAndTax
591000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
180481000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1331000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
5105000
aire Adjustments To Additional Paid In Capital Stock Issued Distribution Fees
AdjustmentsToAdditionalPaidInCapitalStockIssuedDistributionFees
-11825000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
280939000
aire Noncontrolling Interest Decrease From Distributions
NoncontrollingInterestDecreaseFromDistributions
2284000
us-gaap Dividends
Dividends
84953000
us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
-911000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2264439000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1795234000
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-1586000
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-58526000
aire Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
487000
aire Other Comprehensive Income Loss Excluding Redeemable Noncontrolling Interest Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossExcludingRedeemableNoncontrollingInterestCashFlowHedgeGainLossAfterReclassificationAndTax
16986000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
82279000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
949000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3067000
aire Adjustments To Additional Paid In Capital Stock Issued Distribution Fees
AdjustmentsToAdditionalPaidInCapitalStockIssuedDistributionFees
22349000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
279172000
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
436174000
aire Noncontrolling Interest Decrease From Distributions
NoncontrollingInterestDecreaseFromDistributions
2504000
us-gaap Dividends
Dividends
90588000
us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
-1715000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1879635000
us-gaap Profit Loss
ProfitLoss
-60112000
us-gaap Profit Loss
ProfitLoss
-116068000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
144446000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
144340000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6037000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4899000
aire Financing Obligation Liability Appreciation
FinancingObligationLiabilityAppreciation
-6664000
aire Financing Obligation Liability Appreciation
FinancingObligationLiabilityAppreciation
7414000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-139000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-7296000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2870000
aire Amortization Of Interest Rate Cap Premiums
AmortizationOfInterestRateCapPremiums
5135000
aire Unrealized Gains Losses On Financing Obligations
UnrealizedGainsLossesOnFinancingObligations
2100000
aire Beneficial Interests Unrealized Gain Loss
BeneficialInterestsUnrealizedGainLoss
245000
aire Straight Line Rents And Amortization Of Lease Intangibles
StraightLineRentsAndAmortizationOfLeaseIntangibles
16298000
aire Straight Line Rents And Amortization Of Lease Intangibles
StraightLineRentsAndAmortizationOfLeaseIntangibles
17749000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
43529000
aire Forfeited Investment Deposit
ForfeitedInvestmentDeposit
7689000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-48000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2212000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
7509000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-5048000
aire Performance Participation Allocation Settled In Cash
PerformanceParticipationAllocationSettledInCash
77838000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26970000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37044000
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
148804000
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
40081000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
207822000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
69452000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
116796000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
76547000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
26000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
556000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
94437000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1848000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
692000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-952000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-65000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178644000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-156676000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
480000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
315000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
962000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000
aire Net Proceeds Repayments Of Secured Funding Arrangements
NetProceedsRepaymentsOfSecuredFundingArrangements
64501000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
799458000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16851000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
358000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
4738000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
8563000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36925000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
136206000
aire Proceeds From Financing Obligations
ProceedsFromFinancingObligations
104186000
aire Proceeds From Financing Obligations
ProceedsFromFinancingObligations
179862000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2553000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3231000
us-gaap Payments Of Dividends
PaymentsOfDividends
39563000
us-gaap Payments Of Dividends
PaymentsOfDividends
32665000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
7939000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
13602000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
279172000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
280939000
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
1000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
171254000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
166710000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19580000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-27010000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14942000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80023000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34522000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53013000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Certain items in our condensed consolidated statements of cash flows for the six months ended June 30, 2023 have been reclassified to conform to the 2024 presentation.</p>
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
250
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
256
CY2024Q2 aire Number Of Real Estate Properties In Construction
NumberOfRealEstatePropertiesInConstruction
1
CY2023Q4 aire Number Of Real Estate Properties In Construction
NumberOfRealEstatePropertiesInConstruction
1
CY2024Q2 aire Number Of Real Estate Properties In Pre Construction Phase
NumberOfRealEstatePropertiesInPreConstructionPhase
1
CY2023Q4 aire Number Of Real Estate Properties In Pre Construction Phase
NumberOfRealEstatePropertiesInPreConstructionPhase
1
CY2024Q2 us-gaap Land
Land
1298884000
CY2023Q4 us-gaap Land
Land
1300059000
CY2024Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5578091000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5486636000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
505774000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
498053000
CY2024Q2 us-gaap Development In Process
DevelopmentInProcess
137410000
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
219659000
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7520159000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7504407000
CY2024Q2 aire Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
877011000
CY2023Q4 aire Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
750429000
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6643148000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6753978000
CY2024Q2 aire Asset Acquisition Percentage Acquired
AssetAcquisitionPercentageAcquired
1
CY2024Q2 aire Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
24212000
CY2024Q2 aire Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
115403000
CY2024Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
13007000
CY2024Q2 aire Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Lease Liabilities
AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeaseLiabilities
3673000
CY2024Q2 aire Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
148949000
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
132467000
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
63134000
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
69333000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
129823000
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
54682000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
75141000
CY2024Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-4009000
CY2023Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-4117000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-8224000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-7215000
CY2024Q2 us-gaap Depreciation
Depreciation
54758000
CY2023Q2 us-gaap Depreciation
Depreciation
51472000
us-gaap Depreciation
Depreciation
108516000
us-gaap Depreciation
Depreciation
101907000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17458000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20537000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35930000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42433000
CY2024Q2 aire Held To Maturity Debt Related Investment Aggregate Commitment Amount
HeldToMaturityDebtRelatedInvestmentAggregateCommitmentAmount
249524000
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
208107000
CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
208107000
CY2024Q2 us-gaap Debt Securities Held To Maturity Weighted Average Yield
DebtSecuritiesHeldToMaturityWeightedAverageYield
0.0900
aire Debt Securities Held To Maturity Weighted Average Remaining Life
DebtSecuritiesHeldToMaturityWeightedAverageRemainingLife
P2Y1M6D
CY2023Q4 aire Held To Maturity Debt Related Investment Aggregate Commitment Amount
HeldToMaturityDebtRelatedInvestmentAggregateCommitmentAmount
174770000
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
129123000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
129123000
CY2023Q4 us-gaap Debt Securities Held To Maturity Weighted Average Yield
DebtSecuritiesHeldToMaturityWeightedAverageYield
0.0894
CY2023 aire Debt Securities Held To Maturity Weighted Average Remaining Life
DebtSecuritiesHeldToMaturityWeightedAverageRemainingLife
P2Y6M
CY2024Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2024Q2 aire Available For Sale Debt Securities Face Amount
AvailableForSaleDebtSecuritiesFaceAmount
150152000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
148086000
CY2024Q2 aire Available For Sale Debt Securities Unamortized Discount
AvailableForSaleDebtSecuritiesUnamortizedDiscount
2066000
CY2024Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
404000
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
148490000
CY2023Q4 aire Available For Sale Debt Securities Face Amount
AvailableForSaleDebtSecuritiesFaceAmount
57326000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
55186000
CY2023Q4 aire Available For Sale Debt Securities Unamortized Discount
AvailableForSaleDebtSecuritiesUnamortizedDiscount
2140000
CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
446000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
55632000
CY2024Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0438
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0417
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3762616000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3442325000
CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
34230000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
21359000
CY2024Q2 aire Unamortized Mark To Market Adjustment On Assumed Debt
UnamortizedMarkToMarketAdjustmentOnAssumedDebt
110000
CY2023Q4 aire Unamortized Mark To Market Adjustment On Assumed Debt
UnamortizedMarkToMarketAdjustmentOnAssumedDebt
215000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
3728496000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
3421181000
CY2024Q2 aire Gross Book Value Of Collateralized Properties
GrossBookValueOfCollateralizedProperties
3835742000
CY2023Q4 aire Gross Book Value Of Collateralized Properties
GrossBookValueOfCollateralizedProperties
2596052000
CY2024Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
49100000
CY2023Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
33600000
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3000000.0
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
400000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
94300000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
64500000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5800000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
600000
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3900000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9000000.0
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4800000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9300000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
38000000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1073080000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1306646000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
883750000
CY2024Q2 aire Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
461140000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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