2021 Q1 Form 10-Q Financial Statement

#000103544321000123 Filed on April 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $479.8M $439.9M
YoY Change 9.08% 22.59%
Cost Of Revenue $137.9M $129.1M
YoY Change 6.82% 27.19%
Gross Profit $342.0M $310.8M
YoY Change 10.04% 20.79%
Gross Profit Margin 71.27% 70.65%
Selling, General & Admin $34.00M $32.00M
YoY Change 6.25% 29.55%
% of Gross Profit 9.94% 10.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $180.9M $175.5M
YoY Change 3.08% 30.87%
% of Gross Profit 52.89% 56.47%
Operating Expenses $214.9M $207.5M
YoY Change 3.57% 30.75%
Operating Profit $127.1M $103.3M
YoY Change 23.04% 4.77%
Interest Expense $36.47M $45.74M
YoY Change -20.27% 16.98%
% of Operating Profit 28.69% 44.28%
Other Income/Expense, Net
YoY Change
Pretax Income $25.50M $30.70M
YoY Change -16.94% -77.56%
Income Tax
% Of Pretax Income
Net Earnings $8.121M $18.77M
YoY Change -56.72% -85.47%
Net Earnings / Revenue 1.69% 4.27%
Basic Earnings Per Share $0.04 $0.14
Diluted Earnings Per Share $0.04 $0.14
COMMON SHARES
Basic Shares Outstanding 137.3M shares 121.4M shares
Diluted Shares Outstanding 137.7M shares 121.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $492.0M $445.0M
YoY Change 10.56% 70.5%
Cash & Equivalents $492.2M $445.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.000M $15.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $500.0M $460.0M
YoY Change 8.7% 69.74%
LONG-TERM ASSETS
Property, Plant & Equipment $30.83M $29.83M
YoY Change 3.37% 87.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.968B $1.449B
YoY Change 35.82% 12.24%
Other Assets $1.212B $1.041B
YoY Change 16.43% 14.27%
Total Long-Term Assets $24.73B $19.24B
YoY Change 28.54% 26.52%
TOTAL ASSETS
Total Short-Term Assets $500.0M $460.0M
Total Long-Term Assets $24.73B $19.24B
Total Assets $25.23B $19.70B
YoY Change 28.08% 27.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.0M $243.0M
YoY Change 31.69% -46.36%
Accrued Expenses $669.0M $540.0M
YoY Change 23.89% 120.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.150B $913.0M
YoY Change 25.96% 13.0%
LONG-TERM LIABILITIES
Long-Term Debt $8.541B $7.305B
YoY Change 16.92% 25.0%
Other Long-Term Liabilities $762.0M $570.0M
YoY Change 33.68% 20.25%
Total Long-Term Liabilities $9.303B $7.875B
YoY Change 18.13% 24.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.150B $913.0M
Total Long-Term Liabilities $9.303B $7.875B
Total Liabilities $10.45B $8.788B
YoY Change 18.94% 23.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.457M $1.243M
YoY Change 17.22% 11.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.99B $9.323B
YoY Change
Total Liabilities & Shareholders Equity $25.23B $19.70B
YoY Change 28.08% 27.27%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $8.121M $18.77M
YoY Change -56.72% -85.47%
Depreciation, Depletion And Amortization $180.9M $175.5M
YoY Change 3.08% 30.87%
Cash From Operating Activities $212.1M $191.3M
YoY Change 10.87% 39.89%
INVESTING ACTIVITIES
Capital Expenditures -$2.337B -$855.9M
YoY Change 172.99% 29.8%
Acquisitions
YoY Change
Other Investing Activities -$101.4M $22.30M
YoY Change -554.71% -129.77%
Cash From Investing Activities -$2.438B -$833.6M
YoY Change 192.45% 13.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.398B $504.3M
YoY Change 177.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.162B $889.7M
YoY Change 143.04% 38.84%
NET CHANGE
Cash From Operating Activities $212.1M $191.3M
Cash From Investing Activities -$2.438B -$833.6M
Cash From Financing Activities $2.162B $889.7M
Net Change In Cash -$63.30M $245.7M
YoY Change -125.77% 462.52%
FREE CASH FLOW
Cash From Operating Activities $212.1M $191.3M
Capital Expenditures -$2.337B -$855.9M
Free Cash Flow $2.549B $1.047B
YoY Change 143.38% 31.53%

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CY2020Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-21821000 USD
CY2021Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
221000 USD
CY2020Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
4874000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
23359000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
9085000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
25775000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10893000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
9759000 USD
CY2020Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
7788000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
212053000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191267000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
25695000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2021Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
465411000 USD
CY2020Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
373499000 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1871043000 USD
CY2020Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
482409000 USD
CY2021Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
98303000 USD
CY2020Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-4834000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
9048000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
0 USD
CY2020Q1 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
2592000 USD
CY2021Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
20224000 USD
CY2021Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
77339000 USD
CY2020Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
31060000 USD
CY2021Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
57569000 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
30910000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2437880000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-833592000 USD
CY2021Q1 are Creditlossrelatedtotradereceivables
Creditlossrelatedtotradereceivables
259000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
15423000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1479000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1743716000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
699531000 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
650000000 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2021Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
66829000 USD
CY2020Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2021Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
2101000000 USD
CY2020Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
783000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2101000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
946000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
6810000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
2158900000 USD
CY2021Q1 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
6910000000 USD
CY2020Q1 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
2158900000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16599000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7954000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1678000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1253000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1397649000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
504338000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
150982000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
126278000 USD
CY2021Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
48279000 USD
CY2020Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2756000 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
25879000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
16986000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2162254000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
889675000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1668000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63302000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
245682000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
597705000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242689000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534403000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488371000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
55052000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
65500000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
193439000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
134414000 USD
CY2021Q1 are Noncashrightofuseasset
Noncashrightofuseasset
0 USD
CY2020Q1 are Noncashrightofuseasset
Noncashrightofuseasset
32700000 USD
CY2021Q1 are Noncashleaseliability
Noncashleaseliability
0 USD
CY2020Q1 are Noncashleaseliability
Noncashleaseliability
32700000 USD
CY2021Q1 are Noncash Real Estate Assets From Acquisition Of Partners Interest
NoncashRealEstateAssetsFromAcquisitionOfPartnersInterest
19613000 USD
CY2020Q1 are Noncash Real Estate Assets From Acquisition Of Partners Interest
NoncashRealEstateAssetsFromAcquisitionOfPartnersInterest
0 USD
CY2021Q1 are Noncash Secured Notes Payable From Acquisition Of Partners Interest
NoncashSecuredNotesPayableFromAcquisitionOfPartnersInterest
14558000 USD
CY2020Q1 are Noncash Secured Notes Payable From Acquisition Of Partners Interest
NoncashSecuredNotesPayableFromAcquisitionOfPartnersInterest
0 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
33000000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
350000000 USD
CY2021Q1 are Issuanceofnoncontrollinginteresttojointventurepartner
Issuanceofnoncontrollinginteresttojointventurepartner
33000000 USD
CY2020Q1 are Issuanceofnoncontrollinginteresttojointventurepartner
Issuanceofnoncontrollinginteresttojointventurepartner
292930000 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND BASIS OF PRESENTATION <div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&amp;P 500</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">® </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">urban office REIT, is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations. As used in this quarterly report on Form 10-Q, references to the “Company,” “Alexandria,” “ARE,” “we,” “us,” and “our” refer to Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. The accompanying unaudited consolidated financial statements include the accounts of Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. All significant intercompany balances and transactions have been eliminated.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We have prepared the accompanying interim consolidated financial statements in accordance with GAAP and in conformity with the rules and regulations of the SEC. In our opinion, these interim consolidated financial statements presented herein reflect all adjustments, of a normal recurring nature, that are necessary to fairly present the interim consolidated financial statements. The results of operations for the interim period are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our annual report on Form 10-K for the year ended December 31, 2020. Any references to our market capitalization, number or quality of buildings or tenants, quality of location, square footage, number of leases, or occupancy percentage, and any amounts derived from these values, in these notes to consolidated financial statements are outside the scope of our independent registered public accounting firm’s review.</span></div>
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, and equity; the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements; and the amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.</span></div>
CY2021Q1 are Maximum Expected Period Of Sale Of Property
MaximumExpectedPeriodOfSaleOfProperty
P1Y
CY2021Q1 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2021Q1 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
Revenues<div style="margin-bottom:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The table below provides details of our consolidated total revenues for the three months ended March 31, 2021 and 2020 (in thousands):</span></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:64.177%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.569%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income from rentals:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues subject to the lease accounting standard:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">473,798 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">428,742 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Direct financing lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">625 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">613 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues subject to the lease accounting standard</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">474,423 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">429,355 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12.75pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues subject to the revenue recognition accounting standard</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,272 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,250 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income from rentals</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">478,695 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">437,605 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,154 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,314 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">479,849 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">439,919 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, revenues that were subject to the lease accounting standard aggregated $474.4 million and represented 98.9% of our total revenues. During the three months ended March 31, 2021, our total revenues also included $5.4 million, or 1.1%,</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">subject to other accounting guidance. Our other income consisted primarily of construction management fees and interest income earned during the three months ended March 31, 2021. For a detailed discussion related to our revenue streams, refer to the “Lease accounting” and “Recognition of revenue arising from contracts with customers” sections within this Note 2 to our unaudited consolidated financial statements.</span></div>
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
473798000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
428742000 USD
CY2021Q1 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
625000 USD
CY2020Q1 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
613000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
474423000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
429355000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
479849000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
439919000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
474400000 USD
CY2021Q1 are Percentageoftotalrevenues
Percentageoftotalrevenues
0.989
CY2021Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
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3800000 USD
CY2021Q1 us-gaap Direct Financing Lease Net Investment In Lease
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38000000.0 USD
CY2019Q4 us-gaap Direct Financing Lease Net Investment In Lease
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39900000 USD
CY2020Q1 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
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2200000 USD
CY2019Q4 us-gaap Direct Financing Lease Net Investment In Lease
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39900000 USD
CY2020Q1 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
37700000 USD
CY2021Q1 are Minimum Percentage Of Taxable Income To Be Distributed
MinimumPercentageOfTaxableIncomeToBeDistributed
0.90
CY2021Q1 are Percent Of Taxable Income Generally Distributed As Dividend
PercentOfTaxableIncomeGenerallyDistributedAsDividend
1
CY2020Q4 us-gaap Impairment Of Real Estate
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25200000 USD
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RealEstateInvestmentPropertyNet
20253418000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
18092372000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
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2800000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
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5100000 USD
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
325928000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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332349000 USD
CY2021Q1 are Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
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2
CY2021Q1 us-gaap Lessor Operating Lease Lessee Option To Purchase Underlying Asset
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CY2021Q1 are Rent Commence Date
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2017-10-01
CY2021Q1 are Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
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2
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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996581000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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1381082000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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1363705000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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1252843000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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1170172000 USD
CY2021Q1 are Lessor Operating Lease Payment To Be Received After Year Four
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7143569000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
13307952000 USD
CY2021Q1 are Lessor Finance Lease Remaining Lease Term
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P71Y8M12D
CY2021Q1 us-gaap Lessor Direct Financing Lease Lessee Option To Purchase Underlying Asset
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CY2021Q1 are Rent Commence Date
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2017-10-01
CY2021Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
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258317000 USD
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258751000 USD
CY2021Q1 are Direct Financing Lease Unearned Income
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217448000 USD
CY2020Q4 are Direct Financing Lease Unearned Income
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218072000 USD
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2839000 USD
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2839000 USD
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37840000 USD
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2800000 USD
CY2020Q4 are Adjustmenttocreditlossrelatedtotradereceivables
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614000 USD
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1322000 USD
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1809000 USD
CY2021Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
1863000 USD
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1919000 USD
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1976000 USD
CY2021Q1 are Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
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249428000 USD
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258317000 USD
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473798000 USD
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428742000 USD
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625000 USD
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613000 USD
CY2021Q1 us-gaap Lease Income
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474423000 USD
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429355000 USD
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821400000 USD
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345000000.0 USD
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6900000 USD
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19915000 USD
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20334000 USD
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20364000 USD
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726197000 USD
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476347000 USD
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345048000 USD
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P14Y
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29173000 USD
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534403000 USD
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597705000 USD
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P12Y
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P10Y
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13861000 USD
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30830000 USD
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3424000 USD
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38030000 USD
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37840000 USD
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335920000 USD
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41493000 USD
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30620000 USD
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66973000 USD
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153467000 USD
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153614000 USD
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1424935000 USD
CY2020Q4 us-gaap Other Assets
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1191581000 USD
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0 transfer
CY2021Q1 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
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1600000000 USD
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2555000 USD
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3592000 USD
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3772000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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183559000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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600034000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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7803754000 USD
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8597266000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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-56348000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
8540918000 USD
CY2021Q1 are Longterm Debt Percentage Bearing Fixed Interest Amount Net
LongtermDebtPercentageBearingFixedInterestAmountNet
8540918000 USD
CY2021Q1 are Longterm Debt Percentage Bearing Variable Interest Amount Net
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0 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
8540918000 USD
CY2021Q1 are Debt Instrument Percentage Of Outstanding Balance
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1.000
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0.0354
CY2021Q1 are Debt Instrument Weighted Average Remaining Period
DebtInstrumentWeightedAverageRemainingPeriod
P13Y
CY2021Q1 are Fixed Interest Rate Debt As Percentage Of Total Outstanding Balance
FixedInterestRateDebtAsPercentageOfTotalOutstandingBalance
1
CY2021Q1 are Variable Interest Rate Debt As Percentage Of Total Outstanding Balance
VariableInterestRateDebtAsPercentageOfTotalOutstandingBalance
0
CY2021Q1 are Debt Instrument Percentage Of Outstanding Balance
DebtInstrumentPercentageOfOutstandingBalance
1
CY2021Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
76353000 USD
CY2020Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
70419000 USD
CY2021Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
39886000 USD
CY2020Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24680000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
36467000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
45739000 USD
CY2021Q1 us-gaap Accounts Payable And Other Accrued Liabilities
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320322000 USD
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
285021000 USD
CY2021Q1 are Accrued Construction
AccruedConstruction
323617000 USD
CY2020Q4 are Accrued Construction
AccruedConstruction
333271000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
332752000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
288075000 USD
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
51100000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
47070000 USD
CY2021Q1 are Deferred Rent Liability
DeferredRentLiability
11434000 USD
CY2020Q4 are Deferred Rent Liability
DeferredRentLiability
4495000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
345048000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
345750000 USD
CY2021Q1 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
297807000 USD
CY2020Q4 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
276751000 USD
CY2021Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
68607000 USD
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
89399000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1750687000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1669832000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
25533000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
30678000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17412000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11913000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2014000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1925000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6107000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16840000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137319000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121433000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
369000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
352000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137688000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121785000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160800000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.09
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
826000 USD
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000.0 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145700000 shares
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000.0 shares
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 are Preferred Stock Shares Additional Shares Authorized
PreferredStockSharesAdditionalSharesAuthorized
200000000.0 shares
CY2021Q1 are Preferred Stock Shares Additional Shares Authorized Issued And Outstanding
PreferredStockSharesAdditionalSharesAuthorizedIssuedAndOutstanding
0 shares
CY2021Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Areaof Real Estate
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAreaofRealEstate
559993 sqft
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5100000 USD
CY2021Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAssets
112996000 USD
CY2020Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAssets
117879000 USD
CY2021Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Liabilities
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsLiabilities
32987000 USD
CY2020Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Liabilities
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsLiabilities
33081000 USD
CY2021Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Accumulated Other Comprehensive Income Loss
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAccumulatedOtherComprehensiveIncomeLoss
740000 USD
CY2020Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Accumulated Other Comprehensive Income Loss
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAccumulatedOtherComprehensiveIncomeLoss
841000 USD
CY2021Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Net Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsNetAssets
79269000 USD
CY2020Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Net Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsNetAssets
83957000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
30678000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
36467000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
45739000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
180913000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
175496000 USD
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
25533000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
30678000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-67253000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
439919000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
47265000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
36467000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
45739000 USD
CY2021Q1 us-gaap Secured Debt
SecuredDebt
229406000 USD
CY2021Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
8311512000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33996000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31963000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
36467000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
45739000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
180913000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
175496000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5129000 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2003000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-67253000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137319000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121433000 shares

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