2024 Q1 Form 10-K Financial Statement

#000155837024001056 Filed on February 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $149.5M $144.2M $537.5M
YoY Change 18.03% 23.71% 25.05%
Cost Of Revenue $18.07M $17.50M $65.05M
YoY Change 11.47% 34.94% 28.4%
Gross Profit $131.4M $126.7M $472.4M
YoY Change 19.0% 22.31% 24.61%
Gross Profit Margin 87.91% 87.86% 87.9%
Selling, General & Admin $9.930M $9.113M $36.45M
YoY Change 7.34% 10.33% 14.85%
% of Gross Profit 7.56% 7.19% 7.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.46M $47.28M $176.3M
YoY Change 19.23% 24.73% 31.97%
% of Gross Profit 36.89% 37.33% 37.31%
Operating Expenses $58.39M $56.37M $212.7M
YoY Change 17.03% 22.11% 28.69%
Operating Profit $72.99M $70.29M $254.4M
YoY Change 20.62% 22.47% 16.65%
Interest Expense -$24.45M -$22.37M $81.12M
YoY Change -235.85% 32.82% 27.88%
% of Operating Profit -33.5% -31.83% 31.89%
Other Income/Expense, Net $117.0K $5.000K $189.0K
YoY Change 143.75% -99.58% -84.82%
Pretax Income $46.16M $46.81M $173.5M
YoY Change 8.47% 12.09% 11.27%
Income Tax $1.149M $709.0K $2.900M
% Of Pretax Income 2.49% 1.51% 1.67%
Net Earnings $42.88M $43.99M $170.0M
YoY Change 3.04% 12.87% 11.49%
Net Earnings / Revenue 28.69% 30.51% 31.62%
Basic Earnings Per Share $0.43 $1.70
Diluted Earnings Per Share $0.43 $0.44 $1.70
COMMON SHARES
Basic Shares Outstanding 100.5M 100.5M 95.19M
Diluted Shares Outstanding 100.3M 95.44M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.314M $10.91M $10.91M
YoY Change -46.53% -60.71% -60.71%
Cash & Equivalents $6.314M $10.91M $10.91M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.416M $3.642M $3.642M
Prepaid Expenses
Receivables $91.30M $82.95M $82.95M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $103.0M $97.50M $97.50M
YoY Change 24.29% 4.17% 4.17%
LONG-TERM ASSETS
Property, Plant & Equipment $6.881B $6.804B $6.804B
YoY Change 13.32% 17.26% 17.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.120M $3.617M $3.617M
YoY Change 706.37% 215.62% 215.62%
Total Long-Term Assets $7.766B $7.677B $7.677B
YoY Change 12.49% 15.98% 15.98%
TOTAL ASSETS
Total Short-Term Assets $103.0M $97.50M $97.50M
Total Long-Term Assets $7.766B $7.677B $7.677B
Total Assets $7.869B $7.775B $7.775B
YoY Change 12.63% 15.81% 15.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.24M $56.51M $56.51M
YoY Change -4.43% -6.07% -6.07%
Accrued Expenses $16.82M $16.94M $16.94M
YoY Change -2.84% -2.78% -2.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.023M $6.045M $6.045M
YoY Change 9310.94%
Total Short-Term Liabilities $137.9M $126.9M $126.9M
YoY Change 25.75% 27.01% 27.01%
LONG-TERM LIABILITIES
Long-Term Debt $2.514B $2.411B $2.411B
YoY Change 23.1% 23.88% 23.88%
Other Long-Term Liabilities $36.76M $36.83M $36.83M
YoY Change 1.19% 0.31% 0.31%
Total Long-Term Liabilities $2.551B $2.448B $2.448B
YoY Change 22.72% 23.45% 23.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.9M $126.9M $126.9M
Total Long-Term Liabilities $2.551B $2.448B $2.448B
Total Liabilities $2.690B $2.575B $2.576B
YoY Change 22.91% 23.62% 23.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $10.00K $10.00K
YoY Change 11.11% 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.179B $5.199B $5.199B
YoY Change
Total Liabilities & Shareholders Equity $7.869B $7.775B $7.775B
YoY Change 12.63% 15.81% 15.81%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $42.88M $43.99M $170.0M
YoY Change 3.04% 12.87% 11.49%
Depreciation, Depletion And Amortization $48.46M $47.28M $176.3M
YoY Change 19.23% 24.73% 31.97%
Cash From Operating Activities $103.1M $98.00M $391.6M
YoY Change 9.53% 5.18% 8.14%
INVESTING ACTIVITIES
Capital Expenditures $146.8M $201.6M $1.200B
YoY Change -51.7% -53.47% -25.0%
Acquisitions
YoY Change
Other Investing Activities $20.81M $10.30M $13.40M
YoY Change -54860.53% 1097.21% -69.84%
Cash From Investing Activities -$126.0M -$191.3M -$1.275B
YoY Change -61.96% -55.76% -21.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$687.2M
YoY Change -45.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.73M 101.4M 869.0M
YoY Change -89.26% -13.06% -29.78%
NET CHANGE
Cash From Operating Activities 103.1M 98.00M 391.6M
Cash From Investing Activities -126.0M -191.3M -1.275B
Cash From Financing Activities 23.73M 101.4M 869.0M
Net Change In Cash 910.0K 8.115M -14.39M
YoY Change -105.7% -103.65% -11.97%
FREE CASH FLOW
Cash From Operating Activities $103.1M $98.00M $391.6M
Capital Expenditures $146.8M $201.6M $1.200B
Free Cash Flow -$43.63M -$103.6M -$808.4M
YoY Change -79.2% -69.54% -34.69%

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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Dividends Common Stock
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2023 us-gaap Dividends Common Stock
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Depreciation And Amortization
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CY2021 us-gaap Depreciation And Amortization
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CY2023 us-gaap Amortization Of Above And Below Market Leases
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33096000
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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CY2023 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Impairment Of Real Estate
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CY2021 adc Gain Loss On Settlement Of Interest Rate Swaps
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2022 us-gaap Increase Decrease In Other Operating Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Real Estate
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CY2021 us-gaap Payments To Acquire Real Estate
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CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2023 us-gaap Payments To Develop Real Estate Assets
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CY2022 us-gaap Payments To Develop Real Estate Assets
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CY2021 us-gaap Payments To Develop Real Estate Assets
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CY2022 us-gaap Payments For Leasing Costs
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CY2021 us-gaap Payments For Leasing Costs
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
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CY2021 us-gaap Proceeds From Sale Of Productive Assets
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CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Payments Of Financing Costs
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 adc Additional Right Of Use Assets Added Under New Ground Leases
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CY2021 adc Additional Right Of Use Assets Added Under New Ground Leases
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CY2022 us-gaap Notes Assumed1
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CY2022 adc Accrual Of Development Construction And Other Real Estate Investment Costs
AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts
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CY2021 adc Accrual Of Development Construction And Other Real Estate Investment Costs
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Escrow Deposit
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CY2022Q4 us-gaap Escrow Deposit
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CY2023Q4 adc Straight Line Rent Receivables
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65900000
CY2022Q4 adc Straight Line Rent Receivables
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CY2023Q4 adc Accounts Receivable Allowance For Credit Loss Number Of Leases
AccountsReceivableAllowanceForCreditLossNumberOfLeases
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CY2023Q4 adc Accounts Receivable Allowance For Credit Loss Number Of Customers
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CY2023 adc Increase Decrease In Rental Income Due To Uncollectible Charges
IncreaseDecreaseInRentalIncomeDueToUncollectibleCharges
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CY2022 adc Increase Decrease In Rental Income Due To Uncollectible Charges
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7437000
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7437000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2148000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
162522000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
145000000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120125000
CY2023 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
405000
CY2022 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
376000
CY2021 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
369000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
162117000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
144624000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
119756000
CY2023 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
95431468
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
78885063
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
67004069
CY2023 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
240059
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
225730
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
201827
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95191409
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78659333
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66802242
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95191409
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78659333
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66802242
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
131261
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
129474
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
118460
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95437412
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79164386
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67139079
CY2023 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2022 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2021 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2023 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
95785031
CY2022 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
79512005
CY2021 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
67486698
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Certain reclassifications of prior period amounts have been made in the consolidated financial statements and footnotes in order to conform to the current presentation. </p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
true
CY2023 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
558200000
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
450369000
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
352797000
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
60694000
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
47962000
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
36929000
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
497506000
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
402407000
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
315868000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
558548000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
553567000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
534151000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
507623000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
470740000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
2341234000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4965863000
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
21900000
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
18100000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60200000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60900000
CY2023Q4 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23000000.0
CY2022Q4 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23600000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
1700000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
1600000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
1600000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
200000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
1197000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1197000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1112000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y6M
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y9M18D
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
252000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
255000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
215000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
84000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
81000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
93000
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1816000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6302000
CY2023 adc Right Of Use Asset Net
RightOfUseAssetNet
0
CY2022 adc Right Of Use Asset Net
RightOfUseAssetNet
1816000
CY2021 adc Right Of Use Asset Net
RightOfUseAssetNet
6302000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1197000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1197000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1195000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1042000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1013000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
27796000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33440000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
690000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
669000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
647000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
627000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFive
609000
CY2023Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount After Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountAfterYearFive
13254000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16496000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments Next Twelve Months
NetLesseeOperatingLeaseLiabilityPaymentsNextTwelveMonths
507000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments Year Two
NetLesseeOperatingLeaseLiabilityPaymentsYearTwo
528000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments Year Three
NetLesseeOperatingLeaseLiabilityPaymentsYearThree
548000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments Year Four
NetLesseeOperatingLeaseLiabilityPaymentsYearFour
415000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments Year Five
NetLesseeOperatingLeaseLiabilityPaymentsYearFive
404000
CY2023Q4 adc Net Lessee Operating Lease Liability Payments After Year Five
NetLesseeOperatingLeaseLiabilityPaymentsAfterYearFive
14542000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16944000
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6252000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0
CY2023Q4 adc Finance Lease Liability To Be Paid Year Five And After Year Five
FinanceLeaseLiabilityToBePaidYearFiveAndAfterYearFive
0
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6252000
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Next Twelve Months
FinanceLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
207000
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Year Two
FinanceLeaseLiabilityUndiscountedExcessAmountYearTwo
0
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
14900000
CY2023Q4 adc Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Year Three
FinanceLeaseLiabilityUndiscountedExcessAmountYearThree
0
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Year Four
FinanceLeaseLiabilityUndiscountedExcessAmountYearFour
0
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Year Five
FinanceLeaseLiabilityUndiscountedExcessAmountYearFive
0
CY2023Q4 adc Finance Lease Liability Undiscounted Excess Amount Year Five And After Year Five
FinanceLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
0
CY2023Q4 adc Finance Leases Liability Undiscounted Excess Amount
FinanceLeasesLiabilityUndiscountedExcessAmount
207000
CY2023Q4 adc Net Finance Lease Liability Payments Next Twelve Months
NetFinanceLeaseLiabilityPaymentsNextTwelveMonths
6045000
CY2023Q4 adc Net Finance Lease Liability Payments Year Two
NetFinanceLeaseLiabilityPaymentsYearTwo
0
CY2023Q4 adc Net Finance Lease Liability Payments Year Three
NetFinanceLeaseLiabilityPaymentsYearThree
0
CY2023Q4 adc Net Finance Lease Liability Payments Year Four
NetFinanceLeaseLiabilityPaymentsYearFour
0
CY2023Q4 adc Net Finance Lease Liability Payments Year Five
NetFinanceLeaseLiabilityPaymentsYearFive
0
CY2023Q4 adc Net Finance Lease Liability Payments Year Five And After Year Five
NetFinanceLeaseLiabilityPaymentsYearFiveAndAfterYearFive
0
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6045000
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2135
CY2023Q4 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
44200000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6740000000
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1839
CY2022Q4 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
38100000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5740000000
CY2023 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
282
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1200000000
CY2023 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
40
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y3M18D
CY2023 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
325200000
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
726100000
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
147400000
CY2022 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
434
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1600000000
CY2022 adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
CY2022 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
43
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y2M12D
CY2022 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
387700000
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1000000000.00
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
204900000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2500000
CY2022 adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
CY2023 adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
CY2023 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
13
CY2023 adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
21
CY2023 adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
16
CY2022 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
28
CY2022 adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
7
CY2022 adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
24
CY2023 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
13800000
CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1800000
CY2022 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
44900000
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5300000
CY2021 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
56000000.0
CY2022Q4 adc Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0
CY2023Q4 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
671000
CY2022Q4 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
0
CY2023Q4 adc Real Estate Held For Sale Building
RealEstateHeldForSaleBuilding
2978000
CY2022Q4 adc Real Estate Held For Sale Building
RealEstateHeldForSaleBuilding
0
CY2023Q4 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
3649000
CY2022Q4 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
0
CY2023Q4 adc Real Estate Held For Sale Accumulated Depreciation
RealEstateHeldForSaleAccumulatedDepreciation
7000
CY2022Q4 adc Real Estate Held For Sale Accumulated Depreciation
RealEstateHeldForSaleAccumulatedDepreciation
0
CY2023Q4 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
3642000
CY2022Q4 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
0
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
7200000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1000000.0
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1900000
CY2023Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
6300000
CY2022Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
1800000
CY2021Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
1000000.0
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2430000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
963000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
51026000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
227629000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
50000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
410000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1692250000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2431868000
CY2023 adc Schedule Of Equity Distributions
ScheduleOfEquityDistributions
The results of the ATM programs are shown in the following table.  <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:80%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Program Size</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Net Proceeds Received</p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Program Year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><i style="font-style:italic;"> ($ million)</i></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Shares Issued</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><i style="font-style:italic;">($ million)</i></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2020</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">*</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$400.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">3,334,056</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$209.5 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">*</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$500.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">5,453,975</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$379.1 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$750.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.88%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">10,197,230</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.88%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$669.1 </p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:12pt 0pt 12pt 0pt;"><i style="font-style:italic;">* ATM Programs have been terminated and no future issuance will occur under them.</i></p>
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.919
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.805
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.4056
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.672
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.805
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400000
CY2023 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
6300000
CY2022 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-13400000
CY2023Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4100000
CY2022Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0

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