2017 Q3 Form 10-Q Financial Statement
#000156240117000055 Filed on November 03, 2017
Income Statement
Concept | 2017 Q3 | 2016 Q3 |
---|---|---|
Revenue | $246.8M | $236.1M |
YoY Change | 4.57% | 36.76% |
Cost Of Revenue | $115.4M | $110.4M |
YoY Change | 4.53% | 28.07% |
Gross Profit | $131.4M | $125.6M |
YoY Change | 4.62% | 45.37% |
Gross Profit Margin | 53.23% | 53.21% |
Selling, General & Admin | $8.500M | $8.500M |
YoY Change | 0.0% | 21.43% |
% of Gross Profit | 6.47% | 6.77% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $74.80M | $75.40M |
YoY Change | -0.8% | 11.21% |
% of Gross Profit | 56.93% | 60.03% |
Operating Expenses | $238.0M | $232.0M |
YoY Change | 2.59% | 22.74% |
Operating Profit | -$106.6M | -$106.4M |
YoY Change | 0.2% | 3.69% |
Interest Expense | $26.59M | $32.85M |
YoY Change | -19.05% | 37.65% |
% of Operating Profit | ||
Other Income/Expense, Net | $8.400M | -$2.500M |
YoY Change | -436.0% | -28.57% |
Pretax Income | $19.10M | -$200.0K |
YoY Change | -9650.0% | -98.99% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $19.10M | -$167.0K |
YoY Change | -11535.33% | -99.16% |
Net Earnings / Revenue | 7.74% | -0.07% |
Basic Earnings Per Share | $0.01 | -$0.09 |
Diluted Earnings Per Share | $0.00 | -$0.09 |
COMMON SHARES | ||
Basic Shares Outstanding | 266.8M shares | 238.4M shares |
Diluted Shares Outstanding | 289.2M shares | 238.4M shares |
Balance Sheet
Concept | 2017 Q3 | 2016 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $243.5M | $106.3M |
YoY Change | 129.07% | -55.41% |
Cash & Equivalents | $243.5M | $106.3M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $35.40M | $21.80M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $278.9M | $128.1M |
YoY Change | 117.72% | -49.94% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $7.803B | $7.545B |
YoY Change | 3.41% | 20.39% |
Goodwill | $120.3M | $120.3M |
YoY Change | -0.03% | -0.28% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $272.6M | $239.4M |
YoY Change | 13.87% | -19.15% |
Total Long-Term Assets | $8.231B | $7.958B |
YoY Change | 3.43% | 18.61% |
TOTAL ASSETS | ||
Total Short-Term Assets | $278.9M | $128.1M |
Total Long-Term Assets | $8.231B | $7.958B |
Total Assets | $8.510B | $8.086B |
YoY Change | 5.24% | 16.09% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.100M | $0.00 |
YoY Change | -100.0% | |
Accrued Expenses | $188.4M | $171.3M |
YoY Change | 9.98% | -5.41% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $263.8M | $241.0M |
YoY Change | 9.46% | 2.73% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.339B | $2.927B |
YoY Change | -20.08% | 13.13% |
Other Long-Term Liabilities | $68.50M | $65.70M |
YoY Change | 4.26% | -49.03% |
Total Long-Term Liabilities | $2.408B | $2.993B |
YoY Change | -19.54% | 10.18% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $263.8M | $241.0M |
Total Long-Term Liabilities | $2.408B | $2.993B |
Total Liabilities | $2.671B | $3.234B |
YoY Change | -17.39% | 9.59% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$417.6M | -$368.8M |
YoY Change | 13.24% | 38.65% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.104B | $4.099B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.510B | $8.086B |
YoY Change | 5.24% | 16.09% |
Cashflow Statement
Concept | 2017 Q3 | 2016 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $19.10M | -$167.0K |
YoY Change | -11535.33% | -99.16% |
Depreciation, Depletion And Amortization | $74.80M | $75.40M |
YoY Change | -0.8% | 11.21% |
Cash From Operating Activities | $124.2M | $105.6M |
YoY Change | 17.61% | 102.69% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$32.80M | -$16.40M |
YoY Change | 100.0% | 130.99% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$231.6M | -$17.40M |
YoY Change | 1231.03% | -89.08% |
Cash From Investing Activities | -$264.4M | -$33.80M |
YoY Change | 682.25% | -79.69% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 307.5M | -215.8M |
YoY Change | -242.49% | -182.37% |
NET CHANGE | ||
Cash From Operating Activities | 124.2M | 105.6M |
Cash From Investing Activities | -264.4M | -33.80M |
Cash From Financing Activities | 307.5M | -215.8M |
Net Change In Cash | 167.3M | -144.0M |
YoY Change | -216.18% | -197.49% |
FREE CASH FLOW | ||
Cash From Operating Activities | $124.2M | $105.6M |
Capital Expenditures | -$32.80M | -$16.40M |
Free Cash Flow | $157.0M | $122.0M |
YoY Change | 28.69% | 106.08% |
Facts In Submission
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---|---|---|---|---|
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Accretion Expense Discounton Exchangeable Senior Notes
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|
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Amortization Of Financing Costs
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Accretion Expense Discounton Exchangeable Senior Notes
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Accounts And Other Receivables Net
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Accounts And Other Receivables Net
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Accretion Expense Discounton Asset Back Securitization
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Comprehensive Income Loss Net Of Tax Available For Common Shareholders
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Deferred Costs And Intangible Assets Net
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2017-09-30 | ||
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Document Type
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|
10-Q | ||
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Entity Central Index Key
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Large Accelerated Filer | ||
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Entity Registrant Name
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us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1238000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
19097000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
45864000 | USD | |
CY2016Q4 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
9899000 | USD |
CY2017Q3 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
17107000 | USD |
CY2016Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
108148000 | USD |
CY2017Q3 | us-gaap |
Convertible Debt
ConvertibleDebt
|
110771000 | USD |
CY2016Q3 | us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
0 | USD |
us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
0 | USD | |
CY2017Q3 | us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
5569000 | USD |
us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
0 | USD | |
CY2016Q3 | us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
0 | USD |
us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
0 | USD | |
CY2017Q3 | us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
8391000 | USD |
us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
0 | USD | |
CY2016Q3 | us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
92488000 | USD |
us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
238987000 | USD | |
CY2017Q3 | us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
97944000 | USD |
us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
267203000 | USD | |
CY2016Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2981062000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2382871000 | USD |
CY2016Q4 | us-gaap |
Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
|
4969000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
|
3073000 | USD |
CY2016Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
1883000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
1156000 | USD |
CY2016Q4 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
7470000 | USD |
CY2017Q3 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
12831000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
6552000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
11244000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
51636000 | USD |
CY2017Q3 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
309000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
39407000 | USD |
CY2016Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
75392000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
224513000 | USD | |
CY2017Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
74790000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
221459000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
224513000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
221459000 | USD | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
38890000 | USD | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2015Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
62790000 | USD |
CY2016Q3 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
65730000 | USD |
CY2016Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
69810000 | USD |
CY2017Q3 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
68469000 | USD |
CY2016Q3 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-2490000 | USD |
us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-2940000 | USD | |
CY2017Q3 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
8391000 | USD |
us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
1341000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
6400000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5981000 | USD | |
us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
7205000 | USD | |
us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
17000 | USD | |
CY2016Q3 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
11682000 | USD |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
12574000 | USD | |
CY2017Q3 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
1895000 | USD |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
6375000 | USD | |
CY2016Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-13408000 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-13408000 | USD | |
CY2017Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-6555000 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8043000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
24544000 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8525000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26746000 | USD | |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
120279000 | USD |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
120279000 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
1467000 | USD | |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3786000 | USD | |
CY2016Q3 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
7316000 | USD |
us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
10391000 | USD | |
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.168 | ||
us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
-22000 | USD | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1108000 | USD | |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2922574000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2339235000 | USD |
CY2016Q3 | us-gaap |
Loss From Catastrophes
LossFromCatastrophes
|
0 | USD |
us-gaap |
Loss From Catastrophes
LossFromCatastrophes
|
0 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-167000 | USD |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
19097000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
45959000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
418000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1367000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
47920000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
71325000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
12110000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
11929000 | USD | |
us-gaap |
Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
|
6199000 | USD | |
us-gaap |
Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
|
5361000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
-5425000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
5009000 | USD | |
us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
0 | USD | |
us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
5635000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
429000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
5690000 | USD | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
0 | shares | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
22385747 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
0 | shares | |
CY2017Q3 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
11000000 | USD |
CY2016Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
582000 | USD |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
1577000 | USD | |
CY2017Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
1533000 | USD |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
3171000 | USD | |
CY2016Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
33433000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
100886000 | USD | |
CY2017Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
28125000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
90044000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
32851000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
99309000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
26592000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
86873000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
87707000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
77964000 | USD | |
CY2016Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
6614953000 | USD |
CY2017Q3 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
7020774000 | USD |
CY2016Q4 | us-gaap |
Land
Land
|
1512183000 | USD |
CY2017Q3 | us-gaap |
Land
Land
|
1600906000 | USD |
us-gaap |
Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
|
P1Y | ||
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
3169590000 | USD |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
2671449000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8107210000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8509876000 | USD |
CY2017Q3 | us-gaap |
Loss From Catastrophes
LossFromCatastrophes
|
10136000 | USD |
us-gaap |
Loss From Catastrophes
LossFromCatastrophes
|
10136000 | USD | |
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.832 | ||
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
744684000 | USD |
CY2017Q3 | us-gaap |
Minority Interest
MinorityInterest
|
734838000 | USD |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
8333000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
257736000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
250401000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-444009000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-486896000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
254980000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
349375000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7316000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
10391000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
309000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-22000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-21152000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-35933000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1535000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-141000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-21152000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-35933000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1299000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-141000 | USD | |
CY2016Q4 | us-gaap |
Nontrade Receivables
NontradeReceivables
|
600000 | USD |
CY2017Q3 | us-gaap |
Nontrade Receivables
NontradeReceivables
|
900000 | USD |
CY2016Q4 | us-gaap |
Notes Payable
NotesPayable
|
49828000 | USD |
CY2017Q3 | us-gaap |
Notes Payable
NotesPayable
|
49107000 | USD |
CY2017Q3 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
22 | state |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
232008000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
657911000 | USD | |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
238025000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
672800000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
197137000 | USD |
us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
558623000 | USD | |
CY2017Q3 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
207490000 | USD |
us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
613245000 | USD | |
CY2016Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
31262000 | USD |
CY2017Q3 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
40490000 | USD |
CY2016Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-67000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
28000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
130000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-95000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-28000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-130000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
28000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
3142000 | USD |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
6482000 | USD | |
CY2017Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
1285000 | USD |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
4202000 | USD | |
CY2016Q3 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
18335000 | USD |
us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
53177000 | USD | |
CY2017Q3 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
17447000 | USD |
us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
52367000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
21710000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
31208000 | USD | |
us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
821000 | USD | |
us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
2710000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
96098000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
10425000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3974000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
35997000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
38890000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
8582000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
8333000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
26650000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
46122000 | USD | |
us-gaap |
Payments To Acquire Buildings
PaymentsToAcquireBuildings
|
27105000 | USD | |
us-gaap |
Payments To Acquire Buildings
PaymentsToAcquireBuildings
|
0 | USD | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | USD | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
38060000 | USD | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
187886000 | USD | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
462875000 | USD | |
us-gaap |
Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
|
0 | USD | |
us-gaap |
Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
|
0 | USD | |
CY2016Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
13669000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
26650000 | USD | |
CY2017Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
17253000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
46122000 | USD | |
CY2017Q3 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
490700000 | USD |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
37010000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
47810000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
37010000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
47810000 | shares |
us-gaap |
Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
|
83000 | USD | |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
370000 | USD |
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
478000 | USD |
us-gaap |
Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
|
17687000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
694765000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
498750000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
270000000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
71894000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
68618000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2777000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
988000 | USD | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-167000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
1108000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
19097000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
45959000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5092000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5142000 | USD | |
CY2016Q4 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
87430000 | USD |
CY2017Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
50370000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
666710000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
869551000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8214566000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8672050000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7547856000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7802499000 | USD |
CY2016Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
236057000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
651330000 | USD | |
CY2017Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
246836000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
717598000 | USD | |
us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
374031000 | USD | |
us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
472470000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
687000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
721000 | USD | |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
111300000 | USD |
CY2016Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
131400000 | USD |
CY2016Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
131367000 | USD |
CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
131442000 | USD |
CY2017Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
119574000 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-378578000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-417609000 | USD |
CY2016Q4 | us-gaap |
Secured Debt
SecuredDebt
|
2442863000 | USD |
CY2017Q3 | us-gaap |
Secured Debt
SecuredDebt
|
1981444000 | USD |
CY2016Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
70430000 | USD |
CY2017Q3 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
74285000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2744000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3175000 | USD | |
us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
58494000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
630000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4192936000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5103589000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4937620000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5838427000 | USD |
CY2016Q3 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
30808000 | USD |
us-gaap |
Tenant Reimbursements
TenantReimbursements
|
72077000 | USD | |
CY2017Q3 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
36094000 | USD |
us-gaap |
Tenant Reimbursements
TenantReimbursements
|
91849000 | USD | |
CY2016Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD | |
CY2017Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
12000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD | |
us-gaap |
Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
|
11463000 | USD | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
238401343 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
232036802 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
289153060 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
256768343 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
238401343 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
232036802 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
266767313 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
256768343 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:underline;"></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:underline;">Organization and Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">American Homes 4 Rent (“AH4R") is a Maryland real estate investment trust (“REIT”) formed on October 19, 2012, for the purpose of acquiring, renovating, leasing and operating single-family homes as rental properties. American Homes 4 Rent, L.P., a Delaware limited partnership, and its consolidated subsidiaries (collectively, the "Operating Partnership," our "Operating Partnership" or the "OP") is the entity through which the Company conducts substantially all of our business and owns, directly or through subsidiaries, substantially all of our assets. References to “the Company,” “we,” "our," and “us” mean collectively, AH4R, the Operating Partnership and those entities/subsidiaries owned or controlled by AH4R and/or the Operating Partnership. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company held </font><font style="font-family:inherit;font-size:10pt;">50,015</font><font style="font-family:inherit;font-size:10pt;"> single-family properties in </font><font style="font-family:inherit;font-size:10pt;">22</font><font style="font-family:inherit;font-size:10pt;"> states, including </font><font style="font-family:inherit;font-size:10pt;">469</font><font style="font-family:inherit;font-size:10pt;"> properties held for sale. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AH4R is the general partner of, and as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, owned an approximate </font><font style="font-family:inherit;font-size:10pt;">83.2%</font><font style="font-family:inherit;font-size:10pt;"> common partnership interest in the Operating Partnership, with the remaining </font><font style="font-family:inherit;font-size:10pt;">16.8%</font><font style="font-family:inherit;font-size:10pt;"> common partnership interest owned by limited partners. As the sole general partner of the Operating Partnership, AH4R has exclusive control of the Operating Partnership’s day-to-day management. The Company’s management operates AH4R and the Operating Partnership as one business, and the management of AH4R consists of the same members as the management of the Operating Partnership. AH4R’s primary function is acting as the general partner of the Operating Partnership. The only material asset of AH4R is its partnership interest in the Operating Partnership. As a result, AH4R generally does not conduct business itself, other than acting as the sole general partner of the Operating Partnership, issuing equity from time to time and guaranteeing certain debt of the Operating Partnership. AH4R itself is not directly obligated under any indebtedness, but guarantees some of the debt of the Operating Partnership. The Operating Partnership owns substantially all of the assets of the Company, including the Company’s ownership interests in its joint ventures, either directly or through its subsidiaries, conducts the operations of the Company’s business and is structured as a limited partnership with no publicly traded equity. One difference between the Company and the Operating Partnership is </font><font style="font-family:inherit;font-size:10pt;">$25.7 million</font><font style="font-family:inherit;font-size:10pt;"> of asset-backed securitization certificates issued by the Operating Partnership and purchased by AH4R. The asset-backed securitization certificates are recorded as an asset-backed securitization certificates receivable by the Company and an amount due from affiliates by the Operating Partnership. AH4R contributes all net proceeds from its various equity offerings to the Operating Partnership. In return for those contributions, AH4R receives Operating Partnership units (“OP units”) equal to the number of shares it has issued in the equity offering. Based on the terms of the Agreement of Limited Partnership of the Operating Partnership, OP units can be exchanged for shares on a one-for-one basis. Except for net proceeds from equity issuances by AH4R, the Operating Partnership generates the capital required by the Company’s business through the Operating Partnership’s operations, by the Operating Partnership’s incurrence of indebtedness or through the issuance of units of partnership interest.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From our formation through June 10, 2013, the Company was externally managed and advised by American Homes 4 Rent Advisor, LLC (the “Advisor”) and the leasing, managing and advertising of our properties were overseen and directed by American Homes 4 Rent Management Holdings, LLC (the “Property Manager”), both of which were subsidiaries of American Homes 4 Rent, LLC (“AH LLC”). On June 10, 2013, we acquired the Advisor and the Property Manager from AH LLC in exchange for </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">4,375,000</font><font style="font-family:inherit;font-size:10pt;"> Series D convertible units and </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">4,375,000</font><font style="font-family:inherit;font-size:10pt;"> Series E convertible units from the Operating Partnership, therefore internalizing our management including all administrative, financial, property management, marketing and leasing personnel, including executive management. The Company consolidates the Advisor and the Property Manager and the results of these operations are reflected in the condensed consolidated financial statements. Effective August 31, 2016, AH LLC was liquidated and its ownership interests in the Operating Partnership were distributed to its members.</font></div></div> |