2024 Q3 Form 10-Q Financial Statement

#000103544324000225 Filed on July 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $791.6M $766.7M
YoY Change 10.9% 7.4%
Cost Of Revenue $233.3M $217.3M
YoY Change 7.15% 2.56%
Gross Profit $581.3M $582.8M
YoY Change 11.55% 16.09%
Gross Profit Margin 73.43% 76.02%
Selling, General & Admin $43.95M $44.63M
YoY Change -4.47% -2.73%
% of Gross Profit 7.56% 7.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $294.0M $290.7M
YoY Change 9.17% 6.27%
% of Gross Profit 50.57% 49.88%
Operating Expenses $337.9M $335.3M
YoY Change 7.18% 4.98%
Operating Profit $243.4M $247.5M
YoY Change 18.26% 35.52%
Interest Expense $43.55M $45.79M
YoY Change 281.65% -148.12%
% of Operating Profit 17.89% 18.5%
Other Income/Expense, Net
YoY Change
Pretax Income $213.6M $94.05M
YoY Change 212.74% -29.66%
Income Tax
% Of Pretax Income
Net Earnings $167.9M $46.70M
YoY Change 592.02% -46.48%
Net Earnings / Revenue 21.22% 6.09%
Basic Earnings Per Share $0.96 $0.25
Diluted Earnings Per Share $0.96 $0.25
COMMON SHARES
Basic Shares Outstanding 174.9M shares 174.9M shares
Diluted Shares Outstanding 172.1M shares 172.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $562.6M $561.0M
YoY Change 5.75% -39.31%
Cash & Equivalents $562.6M $561.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.980M $6.822M
Other Receivables $0.00 $0.00
Total Short-Term Assets $569.6M $567.8M
YoY Change 5.67% -39.03%
LONG-TERM ASSETS
Property, Plant & Equipment $35.97M $32.78M
YoY Change 40.1% -99.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $137.7M $139.3M
YoY Change 86.32% -90.92%
Other Assets $1.888B $1.809B
YoY Change 12.73% 10.7%
Total Long-Term Assets $37.92B $37.28B
YoY Change 4.62% 4.34%
TOTAL ASSETS
Total Short-Term Assets $569.6M $567.8M
Total Long-Term Assets $37.92B $37.28B
Total Assets $38.49B $37.85B
YoY Change 4.63% 3.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $470.0M $434.7M
YoY Change -8.92% 18.65%
Accrued Expenses $1.234B $991.9M
YoY Change 13.04% -5.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.00K
YoY Change
Total Short-Term Liabilities $1.932B $1.654B
YoY Change 6.01% 1.2%
LONG-TERM LIABILITIES
Long-Term Debt $12.69B $12.42B
YoY Change 13.29% 11.09%
Other Long-Term Liabilities $1.162B $1.103B
YoY Change 11.15% 2.67%
Total Long-Term Liabilities $13.85B $13.53B
YoY Change 13.11% 10.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.932B $1.654B
Total Long-Term Liabilities $13.85B $13.53B
Total Liabilities $15.78B $15.18B
YoY Change 12.18% -15.01%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.722M $1.720M
YoY Change 0.7% 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.22B $18.26B
YoY Change
Total Liabilities & Shareholders Equity $38.49B $37.85B
YoY Change 4.63% 3.24%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $167.9M $46.70M
YoY Change 592.02% -46.48%
Depreciation, Depletion And Amortization $294.0M $290.7M
YoY Change 9.17% 6.27%
Cash From Operating Activities $477.4M $411.8M
YoY Change 14.24% -13.94%
INVESTING ACTIVITIES
Capital Expenditures $691.1M $555.0M
YoY Change -14.96% -44.2%
Acquisitions
YoY Change
Other Investing Activities $202.7M -$18.63M
YoY Change 48.68% -103.1%
Cash From Investing Activities -$488.5M -$573.6M
YoY Change -27.79% 45.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.94M -3.969M
YoY Change -118.67% -99.06%
NET CHANGE
Cash From Operating Activities 477.4M 411.8M
Cash From Investing Activities -488.5M -573.6M
Cash From Financing Activities 24.94M -3.969M
Net Change In Cash 13.86M -165.8M
YoY Change -103.53% -50.98%
FREE CASH FLOW
Cash From Operating Activities $477.4M $411.8M
Capital Expenditures $691.1M $555.0M
Free Cash Flow -$213.7M -$143.2M
YoY Change -45.86% -72.26%

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us-gaap Capital Expenditures Incurred But Not Yet Paid
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495807000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
103547000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
33250000 usd
are Reallocation Of Additional Paid In Capital To Consolidated Joint Venture Partners Non Controlling Interest
ReallocationOfAdditionalPaidInCapitalToConsolidatedJointVenturePartnersNonControllingInterest
30185000 usd
are Reallocation Of Additional Paid In Capital To Consolidated Joint Venture Partners Non Controlling Interest
ReallocationOfAdditionalPaidInCapitalToConsolidatedJointVenturePartnersNonControllingInterest
0 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
45719000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
us-gaap Nature Of Operations
NatureOfOperations
<span style="color: #00497f; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: bold; left: 54pt; position: var(--position); text-decoration: none; white-space: pre;">ORGANIZATION AND BASIS OF PRESENTATION<span style="display: inline-block; height: 6.55pt;"></span></span><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 118.8pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&amp;P 500<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 326.24pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">®<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 330.55pt; position: var(--position); text-decoration: none; white-space: pre;"> life science REIT, is the pioneer of the life science real estate <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 129.6pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">niche since its founding in 1994. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 140.4pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">science mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 151.2pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Seattle, Maryland, Research Triangle, and New York City. As of <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 289.23pt; position: var(--position); text-decoration: none; white-space: pre;">June 30, 2024<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 346.23pt; position: var(--position); text-decoration: none; white-space: pre;">, Alexandria has a total market capitalization of <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">$32.5 billion<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 83.96000000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> and an asset base in North America that includes <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 284.39pt; position: var(--position); text-decoration: none; white-space: pre;">42.1 million<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 329.84pt; position: var(--position); text-decoration: none; white-space: pre;"> RSF of operating<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 400.3pt; position: var(--position); text-decoration: none; white-space: pre;"> properties<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 442.77pt; position: var(--position); text-decoration: none; white-space: pre;"> and<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 460.27pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 462.77pt; position: var(--position); text-decoration: none; white-space: pre;">5.3 million<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 503.22pt; position: var(--position); text-decoration: none; white-space: pre;"> RSF of Class A/<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 172.8pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">A+ properties undergoing<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 137.2pt; position: var(--position); text-decoration: none; white-space: pre;"> construction and <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 208.18pt; position: var(--position); text-decoration: none; white-space: pre;">one<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 223.18pt; position: var(--position); text-decoration: none; white-space: pre;"> committed near-term project expected to commence construction in the next <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 531.04pt; position: var(--position); text-decoration: none; white-space: pre;">two<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 545.03pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 569.52pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 572.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 183.6pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">As used in this <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 96.97999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">quarterly report<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 157.93pt; position: var(--position); text-decoration: none; white-space: pre;"> on Form 10-Q, references to the “Company,” “Alexandria,” “ARE,” “we,” “us,” and “our” refer to <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 194.4pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. The accompanying unaudited consolidated financial statements <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 205.2pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">include the accounts of Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. All significant intercompany balances <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">and transactions have been eliminated.<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 237.6pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We have prepared the accompanying interim consolidated financial statements in accordance with GAAP and in conformity <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 248.4pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">with the rules and regulations of the SEC. In our opinion, these interim consolidated financial statements presented herein reflect all <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 259.2pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">adjustments, of a normal recurring nature, that are necessary to fairly present the interim consolidated financial statements. The results <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">of operations for the interim period are not necessarily indicative of the results that may be expected for the year ending <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 513.28pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 280.8pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 56pt; position: var(--position); text-decoration: none; white-space: pre;">. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 291.6pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">statements and the notes thereto included in our annual report on Form 10-K for the year ended <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 419.35pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2023<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 498.32pt; position: var(--position); text-decoration: none; white-space: pre;">. Any references to <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 302.4pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">our total market capitalization, number or quality of buildings or tenants, quality of location, square footage, number of leases, or <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 313.2pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">occupancy percentage, and any amounts derived from these values in these notes to consolidated financial statements are outside the <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">scope of our independent registered public accounting firm’s procedures.<span style="display: inline-block; height: 6.55pt;"></span></span></div>
CY2024Q2 are Market Capitalization
MarketCapitalization
32500000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<span style="color: #00497f; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: bold; left: 36pt; position: var(--position); text-decoration: underline; white-space: pre;">Use of estimates<span style="display: inline-block; height: 6.55pt;"></span></span><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 442.8pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">that affect the reported amounts of assets, liabilities, and equity; the disclosure of contingent assets and liabilities as of the date of the <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 453.6pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">consolidated financial statements; and the amounts of revenues and expenses during the reporting period. Actual results could <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 464.4pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">materially differ from those estimates.<span style="display: inline-block; height: 6.55pt;"></span></span></div>
are Maximum Expected Period Of Sale Of Property
MaximumExpectedPeriodOfSaleOfProperty
P1Y
CY2024Q2 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<span style="color: #00497f; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: bold; left: 36pt; position: var(--position); text-decoration: underline; white-space: pre;">Revenues<span style="display: inline-block; height: 6.55pt;"></span></span><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 442.08pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The table below provides details of our consolidated total revenues for the <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 368.36pt; position: var(--position); text-decoration: none; white-space: pre;">three and six months ended June 30, 2024<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 538.8299999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 452.88pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 56pt; position: var(--position); text-decoration: none; white-space: pre;"> (in thousands):<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="position: var(--position); top: 469.68pt; width: 612pt;"><div style="font-size: 0pt; left: 36.75pt; position: var(--position); top: 0pt; width: 538.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 231pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 3.75pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 3.75pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 75pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 6pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="3" rowspan="1" style="border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 0pt; width: 150.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 150.75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 15.83pt; position: var(--position); text-decoration: none; white-space: pre;">Three Months Ended June 30,<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="3" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 0pt; width: 147pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 147pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 19.45pt; position: var(--position); text-decoration: none; white-space: pre;">Six Months Ended June 30,<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 14.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 26pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 14.25pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 27.5pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 14.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 26pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 14.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 26pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 28.5pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Income from rentals:<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 42.75pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.38pt; position: var(--position); text-decoration: none; white-space: pre;">Revenues subject to the lease accounting standard:<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 57pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.88pt; position: var(--position); text-decoration: none; white-space: pre;">Operating leases<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 57pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 28.13pt;"></span></span><span style="left: 35.760000000000005pt; position: var(--position);">745,626<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 57pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 31.13pt;"></span></span><span style="left: 38.760000000000005pt; position: var(--position);">695,019<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 57pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 20.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,491,687<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 57pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 20.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,372,441<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 71.25pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.88pt; position: var(--position); text-decoration: none; white-space: pre;">Direct financing leases<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 71.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 50.63pt;"></span></span><span style="left: 53.260000000000005pt; position: var(--position);">662<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 71.25pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 53.63pt;"></span></span><span style="left: 56.260000000000005pt; position: var(--position);">650<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 71.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 43.13pt;"></span></span><span style="left: 45.760000000000005pt; position: var(--position);">1,321<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 71.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 43.13pt;"></span></span><span style="left: 45.760000000000005pt; position: var(--position);">1,298<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 85.5pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.38pt; position: var(--position); text-decoration: none; white-space: pre;">Revenues subject to the lease accounting standard<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 85.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 33.13pt;"></span></span><span style="left: 35.760000000000005pt; position: var(--position);">746,288<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 85.5pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.13pt;"></span></span><span style="left: 38.760000000000005pt; position: var(--position);">695,669<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 85.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 25.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,493,008<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 85.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 25.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,373,739<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 23.25pt; left: 0pt; position: var(--position); top: 99.75pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.38pt; position: var(--position); text-decoration: none; white-space: pre;">Revenues subject to the revenue recognition <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.88pt; position: var(--position); text-decoration: none; white-space: pre;">accounting standard<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 23.25pt; left: 234.75pt; position: var(--position); top: 99.75pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 13.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 43.13pt;"></span></span><span style="left: 45.760000000000005pt; position: var(--position);">8,874<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 23.25pt; left: 310.5pt; position: var(--position); top: 99.75pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 13.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 46.13pt;"></span></span><span style="left: 48.760000000000005pt; position: var(--position);">8,670<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 23.25pt; left: 391.5pt; position: var(--position); top: 99.75pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 13.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 38.13pt;"></span></span><span style="left: 40.760000000000005pt; position: var(--position);">17,705<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 23.25pt; left: 466.5pt; position: var(--position); top: 99.75pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 13.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 38.13pt;"></span></span><span style="left: 40.760000000000005pt; position: var(--position);">18,549<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 123pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Income from rentals<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 123pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 33.13pt;"></span></span><span style="left: 35.760000000000005pt; position: var(--position);">755,162<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 123pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.13pt;"></span></span><span style="left: 38.760000000000005pt; position: var(--position);">704,339<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 123pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 25.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,510,713<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 123pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 25.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,392,288<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 137.25pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other income<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 137.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 38.13pt;"></span></span><span style="left: 40.760000000000005pt; position: var(--position);">11,572<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 137.25pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 46.13pt;"></span></span><span style="left: 48.760000000000005pt; position: var(--position);">9,561<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 137.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 38.13pt;"></span></span><span style="left: 40.760000000000005pt; position: var(--position);">25,129<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 137.25pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 38.13pt;"></span></span><span style="left: 40.760000000000005pt; position: var(--position);">22,407<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 0pt; position: var(--position); top: 151.5pt; width: 231pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 231pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total revenues<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 3pt double #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 234.75pt; position: var(--position); top: 151.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 28.13pt;"></span></span><span style="left: 35.760000000000005pt; position: var(--position);">766,734<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 3pt double #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 310.5pt; position: var(--position); top: 151.5pt; width: 75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 75pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 31.13pt;"></span></span><span style="left: 38.760000000000005pt; position: var(--position);">713,900<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 3pt double #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 391.5pt; position: var(--position); top: 151.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 20.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,535,842<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 3pt double #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 466.5pt; position: var(--position); top: 151.5pt; width: 72pt;"><div><div style="line-height: 9pt; position: var(--position); top: 4.31pt; width: 72pt;"><span style="color: #000000; font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 6.55pt; width: 20.63pt;"></span></span><span style="left: 28.259999999999998pt; position: var(--position);">1,414,695<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 650.83pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">During the <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 115.97pt; position: var(--position); text-decoration: none; white-space: pre;">three and six months ended June 30, 2024<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 286.44pt; position: var(--position); text-decoration: none; white-space: pre;">, revenues that were subject to the lease accounting standard <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 661.63pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">aggregat<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 71.49000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">ed<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 81.49000000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 83.99000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">$746.3 million<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 139.44pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 159.44pt; position: var(--position); text-decoration: none; white-space: pre;">$1.5 billion<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 202.4pt; position: var(--position); text-decoration: none; white-space: pre;">, respectively, and represented<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 324.69pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 327.19pt; position: var(--position); text-decoration: none; white-space: pre;">97.3%<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 352.69pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 372.69pt; position: var(--position); text-decoration: none; white-space: pre;">97.2%<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 398.19pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 403.19pt; position: var(--position); text-decoration: none; white-space: pre;">respectively, of our total revenues. During <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 672.43pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 51pt; position: var(--position); text-decoration: none; white-space: pre;">three and six months ended June 30, 2023<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 221.47pt; position: var(--position); text-decoration: none; white-space: pre;">, revenues that were subject to the lease accounting standard aggregate<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 509.39pt; position: var(--position); text-decoration: none; white-space: pre;">d<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 514.39pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 516.89pt; position: var(--position); text-decoration: none; white-space: pre;">$695.7 million<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 572.34pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 683.23pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 53.5pt; position: var(--position); text-decoration: none; white-space: pre;">$1.4 billion<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 96.46000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">, respectively, and represented<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 218.75pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 221.25pt; position: var(--position); text-decoration: none; white-space: pre;">97.4%<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 246.75pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 266.75pt; position: var(--position); text-decoration: none; white-space: pre;">97.1%<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 292.25pt; position: var(--position); text-decoration: none; white-space: pre;">, respe<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 319.74pt; position: var(--position); text-decoration: none; white-space: pre;">ctively,<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 346.56pt; position: var(--position); text-decoration: none; white-space: pre;"> of our total revenues. Our other income consisted <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 694.03pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">primarily of management fees and interest income earned during each period presented. For a detailed discussion related to our <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 704.83pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">revenue streams, refer to “<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 141.94pt; position: var(--position); text-decoration: none; white-space: pre;">Lease accounting<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 212.43pt; position: var(--position); text-decoration: none; white-space: pre;">” and “<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 238.41pt; position: var(--position); text-decoration: none; white-space: pre;">Recognition of revenue arising from contracts with customers<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 481.77pt; position: var(--position); text-decoration: none; white-space: pre;">” in Note 2 – “Summary <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 715.63pt; width: 612pt;"><span style="font-family: Arial; font-size: 9pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">of significant accounting policies” to our unaudited consolidated financial statements.<span style="display: inline-block; height: 6.55pt;"></span></span></div>
CY2024Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
745626000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
695019000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1491687000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1372441000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
662000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
650000 usd
us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
1321000 usd
us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
1298000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
746288000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
695669000 usd
us-gaap Lease Income
LeaseIncome
1493008000 usd
us-gaap Lease Income
LeaseIncome
1373739000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
766734000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
713900000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1535842000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1414695000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
746300000 usd
us-gaap Lease Income
LeaseIncome
1500000000 usd
CY2024Q2 are Percentageoftotalrevenues
Percentageoftotalrevenues
0.973
are Percentageoftotalrevenues
Percentageoftotalrevenues
0.972
CY2023Q2 us-gaap Lease Income
LeaseIncome
695700000 usd
us-gaap Lease Income
LeaseIncome
1400000000 usd
CY2023Q2 are Percentageoftotalrevenues
Percentageoftotalrevenues
0.974
are Percentageoftotalrevenues
Percentageoftotalrevenues
0.971
CY2024Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
21300000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
21400000 usd
are Minimum Percentage Of Taxable Income To Be Distributed
MinimumPercentageOfTaxableIncomeToBeDistributed
0.90
are Percent Of Taxable Income Generally Distributed As Dividend
PercentOfTaxableIncomeGenerallyDistributedAsDividend
1
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
392000 usd
CY2023Q4 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
36100000 usd
CY2024Q2 are Potential Asset Acquisition Area Of Real Estate
PotentialAssetAcquisitionAreaOfRealEstate
1400000 sqft
are Potential Asset Acquisition Consideration
PotentialAssetAcquisitionConsideration
366800000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
30800000 usd
are Reallocation Of Additional Paid In Capital To Consolidated Joint Venture Partners Non Controlling Interest
ReallocationOfAdditionalPaidInCapitalToConsolidatedJointVenturePartnersNonControllingInterest
30200000 usd
CY2024Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
6700000 usd
CY2024Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
40535000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
37780000 usd
are Debt Instrument Basis Spread On Variable Rate Floor
DebtInstrumentBasisSpreadOnVariableRateFloor
0.0075
CY2024Q2 are Number Of Direct Financing Leases
NumberOfDirectFinancingLeases
1 directfinancinglease
CY2024Q2 are Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
2 landparcel
CY2024Q2 are Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
2 landparcel
CY2017Q4 are Rent Commence Date
RentCommenceDate
2017-10-01
CY2024Q2 are Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
Landparcelsubjecttoleaseagreementthatcontainsapurchaseoption
2 landparcel
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
973926000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1911248000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1852109000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1769872000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1631328000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
11045840000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
19184323000 usd
CY2024Q2 are Number Of Direct Financing Leases
NumberOfDirectFinancingLeases
1 directfinancinglease
CY2024Q2 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
40500000 usd
are Lessor Direct Financing Lease Remaining Lease Term
LessorDirectFinancingLeaseRemainingLeaseTerm
P68Y4M24D
are Lessor Direct Financing Lease Lessee Option To Purchase Underlying Asset Option Exercise Period
LessorDirectFinancingLeaseLesseeOptionToPurchaseUnderlyingAssetOptionExercisePeriod
P30D
CY2017Q4 are Rent Commence Date
RentCommenceDate
2017-10-01
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
252368000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
253324000 usd
CY2024Q2 are Direct Financing Lease Unearned Income
DirectFinancingLeaseUnearnedIncome
209067000 usd
CY2023Q4 are Direct Financing Lease Unearned Income
DirectFinancingLeaseUnearnedIncome
210388000 usd
CY2024Q2 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
2839000 usd
CY2023Q4 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
2839000 usd
CY2024Q2 us-gaap Net Investment In Lease
NetInvestmentInLease
40462000 usd
CY2023Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
40097000 usd
CY2024Q2 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
2800000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
963000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1976000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
2036000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
2097000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
2160000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
243136000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
252368000 usd
CY2024Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
745626000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
695019000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1491687000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1372441000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
662000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
650000 usd
us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
1321000 usd
us-gaap Sales Type And Direct Financing Leases Interest Income
SalesTypeAndDirectFinancingLeasesInterestIncome
1298000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
746288000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
695669000 usd
us-gaap Lease Income
LeaseIncome
1493008000 usd
us-gaap Lease Income
LeaseIncome
1373739000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
837100000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
379200000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
510100000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2024Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
36 property
CY2024Q2 are Percentage Of Properties Subject To Ground Leases
PercentageOfPropertiesSubjectToGroundLeases
0.09
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10819000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22671000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22865000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
21946000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21614000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
737191000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
837106000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
457883000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
379223000 usd
are Operating Lease Obligation Remaining Lease Term
OperatingLeaseObligationRemainingLeaseTerm
P12Y
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9930000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
11815000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
19141000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
21272000 usd
CY2024Q2 are Capitalized Lease Costs
CapitalizedLeaseCosts
518000 usd
CY2023Q2 are Capitalized Lease Costs
CapitalizedLeaseCosts
3297000 usd
are Capitalized Lease Costs
CapitalizedLeaseCosts
1046000 usd
are Capitalized Lease Costs
CapitalizedLeaseCosts
4218000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
9412000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
8518000 usd
us-gaap Lease Cost
LeaseCost
18095000 usd
us-gaap Lease Cost
LeaseCost
17054000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
18000000.0 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
561021000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
618190000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4832000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42581000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
565853000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
660771000 usd
CY2024Q2 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2024Q2 are Number Of Equity Method Investments
NumberOfEquityMethodInvestments
10 investment
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
139300000 usd
CY2024Q2 are Number Of Equity Method Investments
NumberOfEquityMethodInvestments
10 investment
CY2024Q2 are Fair Value Investments Privately Held Entities That Calculate Nav Unfunded Commitments
FairValueInvestmentsPrivatelyHeldEntitiesThatCalculateNAVUnfundedCommitments
402000000.0 usd
are Limited Partnership Maximum Expiration Terms
LimitedPartnershipMaximumExpirationTerms
P12Y
are Limited Partnership Liquidation Expected Initial Term In Years
LimitedPartnershipLiquidationExpectedInitialTermInYears
P10Y
us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Liquidating Investment Remaining Period1
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLiquidatingInvestmentRemainingPeriod1
P5Y4M24D
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
139282000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1195289000 usd
CY2024Q2 are Cumulative Unrealized Gains On Investments
CumulativeUnrealizedGainsOnInvestments
284220000 usd
CY2024Q2 are Cumulative Unrealized Losses On Investments
CumulativeUnrealizedLossesOnInvestments
124443000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
1494348000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
75498000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1177072000 usd
CY2023Q4 are Cumulative Unrealized Gains On Investments
CumulativeUnrealizedGainsOnInvestments
320445000 usd
CY2023Q4 are Cumulative Unrealized Losses On Investments
CumulativeUnrealizedLossesOnInvestments
123497000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
1449518000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
20578000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-371000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
34704000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
20373000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-64238000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-77897000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-35080000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-143752000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-43660000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-78268000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-376000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-123379000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
33400000 usd
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
62200000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
12800000 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
27500000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-400000 usd
CY2024Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
398033000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
461613000 usd
CY2024Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
46223000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
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NotesReceivableNet
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OperatingLeaseRightOfUseAsset
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
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LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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DebtInstrumentPercentageOfOutstandingBalance
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InterestCostsIncurred
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InterestCostsIncurred
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us-gaap Interest Costs Incurred
InterestCostsIncurred
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us-gaap Interest Costs Incurred
InterestCostsIncurred
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InterestCostsCapitalizedAdjustment
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InterestCostsCapitalizedAdjustment
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us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
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us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
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InterestExpense
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InterestExpense
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InterestExpense
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InterestExpense
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AccountsPayableAndOtherAccruedLiabilities
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AccountsPayableAndOtherAccruedLiabilities
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DeferredRentLiability
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OperatingLeaseLiability
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PrepaidRentAndTenantSecurityDeposits
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OtherAccountsPayableAndAccruedLiabilities
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AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
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AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
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ProfitLoss
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
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ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
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ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
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ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
5283000 usd
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NetIncomeLossAvailableToCommonStockholdersDiluted
42917000 usd
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NetIncomeLossAvailableToCommonStockholdersDiluted
87260000 usd
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NetIncomeLossAvailableToCommonStockholdersDiluted
209803000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
162516000 usd
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WeightedAverageNumberOfSharesOutstandingBasic
172013000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171981000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170824000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
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IncrementalCommonSharesAttributableToEquityForwardAgreements
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us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
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us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170864000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171981000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
0.25
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EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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222100000 usd
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CommonStockDividendsPerShareDeclared
1.27
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DividendsCommonStockCash
227400000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000.0 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2024Q2 are Preferred Stock Shares Additional Shares Authorized
PreferredStockSharesAdditionalSharesAuthorized
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CY2024Q2 are Preferred Stock Shares Additional Shares Authorized Issued And Outstanding
PreferredStockSharesAdditionalSharesAuthorizedIssuedAndOutstanding
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AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
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AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
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CY2024Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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CY2024Q2 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Accumulated Other Comprehensive Income Loss
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAccumulatedOtherComprehensiveIncomeLoss
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CY2023Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Accumulated Other Comprehensive Income Loss
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CY2024Q2 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Net Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsNetAssets
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CY2023Q4 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Net Assets
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsNetAssets
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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