2018 Q2 Form 10-Q Financial Statement
#000091061218000039 Filed on May 10, 2018
Income Statement
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| Revenue | $214.6M | $220.2M | $238.0M |
| YoY Change | -6.38% | -7.48% | -9.53% |
| Cost Of Revenue | $62.00M | $67.90M | $70.30M |
| YoY Change | 2.65% | -3.41% | -7.74% |
| Gross Profit | $152.6M | $152.3M | $167.7M |
| YoY Change | -9.6% | -9.18% | -10.27% |
| Gross Profit Margin | 71.11% | 69.16% | 70.46% |
| Selling, General & Admin | $13.50M | $18.30M | $16.10M |
| YoY Change | -14.56% | 13.66% | -6.4% |
| % of Gross Profit | 8.85% | 12.02% | 9.6% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $73.57M | $71.75M | $71.22M |
| YoY Change | -10.84% | 0.74% | -6.91% |
| % of Gross Profit | 48.21% | 47.11% | 42.47% |
| Operating Expenses | $201.3M | $176.1M | $160.9M |
| YoY Change | -2.71% | 9.41% | -19.24% |
| Operating Profit | $13.27M | $44.14M | $77.10M |
| YoY Change | -40.5% | -42.75% | 20.79% |
| Interest Expense | $54.20M | $53.77M | $56.20M |
| YoY Change | -1.57% | -4.33% | 1.76% |
| % of Operating Profit | 408.4% | 121.82% | 72.89% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$32.20M | -$1.300M | $37.70M |
| YoY Change | -147.56% | -103.45% | -8.94% |
| Income Tax | -$2.235M | -$645.0K | -$800.0K |
| % Of Pretax Income | -2.12% | ||
| Net Earnings | -$23.80M | $903.0K | $34.12M |
| YoY Change | -157.49% | -97.35% | -14.87% |
| Net Earnings / Revenue | -11.09% | 0.41% | 14.33% |
| Basic Earnings Per Share | -$0.20 | -$0.06 | $0.13 |
| Diluted Earnings Per Share | -$137.8K | $5.236K | $0.13 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 172.7M shares | 172.6M shares | 171.1M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $23.40M | $23.30M | $27.60M |
| YoY Change | -20.95% | -15.58% | 10.4% |
| Cash & Equivalents | $23.43M | $23.35M | $27.55M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $76.40M | $78.80M | $90.50M |
| Other Receivables | $6.000M | $8.700M | $11.50M |
| Total Short-Term Assets | $105.8M | $110.8M | $129.6M |
| YoY Change | -13.14% | -14.51% | -2.26% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $5.000B | $5.101B | $5.524B |
| YoY Change | -4.34% | -7.66% | -3.61% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $278.2M | $306.2M | $262.2M |
| YoY Change | 9.29% | 16.77% | -10.83% |
| Other Assets | $17.40M | $0.00 | |
| YoY Change | -100.0% | ||
| Total Long-Term Assets | $5.476B | $5.592B | $5.997B |
| YoY Change | -3.7% | -6.75% | -4.08% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $105.8M | $110.8M | $129.6M |
| Total Long-Term Assets | $5.476B | $5.592B | $5.997B |
| Total Assets | $5.582B | $5.703B | $6.126B |
| YoY Change | -3.9% | -6.91% | -4.04% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $224.5M | $232.4M | $273.7M |
| YoY Change | -8.18% | -15.09% | -8.68% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $224.5M | $232.4M | $273.7M |
| YoY Change | -8.18% | -15.09% | -8.68% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $4.172B | $4.208B | $4.523B |
| YoY Change | -1.81% | -6.96% | -3.44% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $4.172B | $4.208B | $4.523B |
| YoY Change | -1.81% | -6.96% | -3.44% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $224.5M | $232.4M | $273.7M |
| Total Long-Term Liabilities | $4.172B | $4.208B | $4.523B |
| Total Liabilities | $4.397B | $4.440B | $4.796B |
| YoY Change | -2.16% | -7.42% | -3.75% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$880.3M | -$810.7M | -$764.5M |
| YoY Change | 12.9% | 6.05% | 8.38% |
| Common Stock | $1.727M | $1.727M | $1.711M |
| YoY Change | 0.94% | 0.94% | 0.18% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.088B | $1.161B | $1.208B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $5.582B | $5.703B | $6.126B |
| YoY Change | -3.9% | -6.91% | -4.04% |
Cashflow Statement
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$23.80M | $903.0K | $34.12M |
| YoY Change | -157.49% | -97.35% | -14.87% |
| Depreciation, Depletion And Amortization | $73.57M | $71.75M | $71.22M |
| YoY Change | -10.84% | 0.74% | -6.91% |
| Cash From Operating Activities | $81.70M | $98.23M | $104.9M |
| YoY Change | -18.63% | -6.34% | 22.27% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$28.00M | -$40.00M | -$131.3M |
| YoY Change | -33.33% | -69.54% | 282.8% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $33.70M | $2.277M | $7.749M |
| YoY Change | -81.25% | -70.62% | 1367.61% |
| Cash From Investing Activities | $5.700M | -$28.53M | -$119.7M |
| YoY Change | -95.86% | -76.17% | 5512.47% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $41.00K | $49.00K | |
| YoY Change | -16.33% | 22.5% | |
| Debt Paid & Issued, Net | $159.7M | ||
| YoY Change | |||
| Cash From Financing Activities | -85.40M | -$79.33M | $23.16M |
| YoY Change | -63.64% | -442.49% | -124.25% |
| NET CHANGE | |||
| Cash From Operating Activities | 81.70M | $98.23M | $104.9M |
| Cash From Investing Activities | 5.700M | -$28.53M | -$119.7M |
| Cash From Financing Activities | -85.40M | -$79.33M | $23.16M |
| Net Change In Cash | 2.000M | -$9.637M | $8.325M |
| YoY Change | -37.5% | -215.76% | -170.19% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $81.70M | $98.23M | $104.9M |
| Capital Expenditures | -$28.00M | -$40.00M | -$131.3M |
| Free Cash Flow | $109.7M | $138.2M | $236.2M |
| YoY Change | -22.96% | -41.47% | 96.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q1 | cbl |
Additions To Real Estate Assets Accrued But Not Yet Paid
AdditionsToRealEstateAssetsAccruedButNotYetPaid
|
14513000 | USD |
| CY2018Q1 | cbl |
Additions To Real Estate Assets Accrued But Not Yet Paid
AdditionsToRealEstateAssetsAccruedButNotYetPaid
|
2071000 | USD |
| CY2017Q1 | cbl |
Adjustmentsto Additional Paidin Capital Noncontrolling Interest Other
AdjustmentstoAdditionalPaidinCapitalNoncontrollingInterestOther
|
-730000 | USD |
| CY2018Q1 | cbl |
Adjustmentsto Additional Paidin Capital Noncontrolling Interest Other
AdjustmentstoAdditionalPaidinCapitalNoncontrollingInterestOther
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Amortization Of Deferred Compensation
AmortizationOfDeferredCompensation
|
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Amortization Of Deferred Compensation
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1196000 | USD |
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Contractwith Customer Asset Amortization Expense Remainderof Fiscal Year
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4000 | USD |
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Contractwith Customer Asset Amortization Expense Year One
ContractwithCustomerAssetAmortizationExpenseYearOne
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205000 | USD |
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Contractwith Customer Asset Increase Decreasefor Executed Leases
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|
99000 | USD |
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Contractwith Customer Asset Increase Decreasefor Tenant Openings
ContractwithCustomerAssetIncreaseDecreaseforTenantOpenings
|
-79000 | USD |
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Contractwith Customer Liability Increase Decrease
ContractwithCustomerLiabilityIncreaseDecrease
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Debt Instrument Weighted Average Remaining Termto Maturity
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Debt Instrument Weighted Average Remaining Termto Maturity
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Distributions In Excess Of Equity In Earnings Of Unconsolidated Affiliates
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Distributions In Excess Of Equity In Earnings Of Unconsolidated Affiliates
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Environmental Liability Insurance Annual Coverage Limit.
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Environmental Liability Insurance Maximum Coverage Per Incident
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|
10000000 | USD |
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Equity Method Investment Accounts Payableand Accrued Liabilities
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Equity Method Investment Debt And Capital Lease Obligations
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Equity Method Investment Debt And Capital Lease Obligations
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Equity Method Investment Development In Process
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36765000 | USD |
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Equity Method Investment Development In Process
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Equity Method Investment Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets
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Equity Method Investment Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets
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Equity Method Investment Intangible Lease And Other Assets
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Equity Method Investment Real Estate Investment Property Net Before Development In Process
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Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets
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|
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Long Term Debt Net Excluding Deferred Financing Costs
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|
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Net Income Loss Excluding Amount Recognized In Temporary Equity
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Number Of Associated Centers Owned
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|
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Number Of Community Centers Owned
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|
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|
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Number Of Office Buildings Owned
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|
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Numberof Joint Venture Entities
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|
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Numberof Mallswith Impairment
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|
1 | mall |
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Numberof Unconsolidated Affiliates Includedin Partial Saleof Real Estate Assets
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|
1 | affiliate |
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Other Rents
OtherRents
|
3652000 | USD |
| CY2018Q1 | cbl |
Other Rents
OtherRents
|
2055000 | USD |
| CY2018Q1 | cbl |
Percentage Of Assignment Of Partnership Interest
PercentageOfAssignmentOfPartnershipInterest
|
1 | |
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Property Operating Expenses By Segment
PropertyOperatingExpensesBySegment
|
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Property Operating Expenses By Segment
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|
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| CY2017Q4 | cbl |
Real Estate Investment Property Net Before Development In Process
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|
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| CY2018Q1 | cbl |
Real Estate Investment Property Net Before Development In Process
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|
5000315000 | USD |
| CY2018Q1 | cbl |
Revenue Performance Obligation Lease Commission Recognized Upon Lease Execution Percentage
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|
0.5 | |
| CY2018Q1 | cbl |
Revenue Performance Obligation Lease Commission Recognized Upon Tenant Opening Percentage
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|
0.5 | |
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Segment Profit Loss
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|
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| CY2018Q1 | cbl |
Segment Profit Loss
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|
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Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Shares Authorizedtobe Granted Annually
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesAuthorizedtobeGrantedAnnually
|
200000 | shares |
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Stock Issued During Period Value Common Stockand Restricted Stock Award Gross
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|
374000 | USD |
| CY2018Q1 | cbl |
Stock Issued During Period Value Common Stockand Restricted Stock Award Gross
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|
741000 | USD |
| CY2018Q1 | cbl |
Tenant Reimbursements Period Related To Certain Capital Expenditure Maximum In Years
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|
P15Y | |
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Tenant Reimbursements Period Related To Certain Capital Expenditure Minimum In Years
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Variable Interest Entity Numberof Entities
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|
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Amendment Flag
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false | |
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Current Fiscal Year End Date
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|
--12-31 | |
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Q1 | |
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Document Fiscal Year Focus
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|
2018 | |
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Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
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Document Type
DocumentType
|
10-Q | |
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Entity Central Index Key
EntityCentralIndexKey
|
0000910612 | |
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Entity Common Stock Shares Outstanding
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Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
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Entity Registrant Name
EntityRegistrantName
|
CBL & ASSOCIATES PROPERTIES INC | |
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Accounts Payable And Accrued Liabilities Current And Noncurrent
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228650000 | USD |
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Accounts Payable And Accrued Liabilities Current And Noncurrent
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232430000 | USD |
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Accounts Receivable Net
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83552000 | USD |
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Accounts Receivable Net
AccountsReceivableNet
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78788000 | USD |
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Additional Paid In Capital
AdditionalPaidInCapital
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1974537000 | USD |
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Additional Paid In Capital
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1970169000 | USD |
| CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
344000 | USD |
| CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
419000 | USD |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
2011000 | USD |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
2062000 | USD |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
838000 | USD |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
838000 | USD |
| CY2017Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-748000 | USD |
| CY2017Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
4230845000 | USD |
| CY2018Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
4207685000 | USD |
| CY2018Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
4115197000 | USD |
| CY2018Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
11925000 | USD |
| CY2018Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-475000 | USD |
| CY2017Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1113000 | USD |
| CY2018Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1709000 | USD |
| CY2017Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2017Q4 | us-gaap |
Assets
Assets
|
5704808000 | USD |
| CY2018Q1 | us-gaap |
Assets
Assets
|
5702570000 | USD |
| CY2017Q4 | us-gaap |
Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
|
81350000 | USD |
| CY2018Q1 | us-gaap |
Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
|
17640000 | USD |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
27553000 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
32627000 | USD |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23346000 | USD |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65069000 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
73394000 | USD |
| CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68172000 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
58535000 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
8325000 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-9637000 | USD |
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.265 | |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.2 | |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
171088778 | shares |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
172656783 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
171088778 | shares |
| CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
172656783 | shares |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1711000 | USD |
| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1727000 | USD |
| CY2017Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
460000 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
480000 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
98000 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
49000 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
49000 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
98000 | USD |
| CY2017Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | USD |
| CY2018Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
3059000 | USD |
| CY2018Q1 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
915338 | shares |
| CY2017Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
13352000 | USD |
| CY2018Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
13179000 | USD |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
18938000 | USD |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
17730000 | USD |
| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1608000 | USD |
| CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-629000 | USD |
| CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
71220000 | USD |
| CY2018Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
71750000 | USD |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
71220000 | USD |
| CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
71750000 | USD |
| CY2017Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
85346000 | USD |
| CY2018Q1 | us-gaap |
Development In Process
DevelopmentInProcess
|
100481000 | USD |
| CY2017Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
34914000 | USD |
| CY2018Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
32826000 | USD |
| CY2017Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
45338000 | USD |
| CY2018Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
34531000 | USD |
| CY2017Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
54394000 | USD |
| CY2018Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
41759000 | USD |
| CY2017Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
11223000 | USD |
| CY2018Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
11223000 | USD |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.13 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
| CY2017Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
129000 | USD |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
122000 | USD |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
7152000 | USD |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y9M55D | |
| CY2017Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3995000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4011000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
1708219000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
1697929000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
418111000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
410165000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
216292000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
214387000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
1290108000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
1287764000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
1708219000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
1697929000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
201819000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
195778000 | USD |
| CY2017Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
7813000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
5309000 | USD |
| CY2017Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
59699000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
57181000 | USD |
| CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
249192000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
306191000 | USD |
| CY2017Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
40182000 | USD |
| CY2018Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
31977000 | USD |
| CY2017Q1 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
4055000 | USD |
| CY2018Q1 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
0 | USD |
| CY2017Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
4055000 | USD |
| CY2018Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
| CY2017Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
5988000 | USD |
| CY2018Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
4371000 | USD |
| CY2017Q1 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
5988000 | USD |
| CY2018Q1 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
4371000 | USD |
| CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
16082000 | USD |
| CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
18304000 | USD |
| CY2017Q4 | us-gaap |
Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
|
841000 | USD |
| CY2018Q1 | us-gaap |
Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
|
841000 | USD |
| CY2017Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3263000 | USD |
| CY2018Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
18061000 | USD |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
38518000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-661000 | USD |
| CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5373000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3739000 | USD |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-800000 | USD |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-645000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
2838000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-1826000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5321000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
8635000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4816000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
2339000 | USD |
| CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
56201000 | USD |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
53767000 | USD |
| CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37063000 | USD |
| CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
34896000 | USD |
| CY2017Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
6723194000 | USD |
| CY2018Q1 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
6688716000 | USD |
| CY2017Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
1404000 | USD |
| CY2018Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
213000 | USD |
| CY2017Q4 | us-gaap |
Land
Land
|
813390000 | USD |
| CY2018Q1 | us-gaap |
Land
Land
|
808228000 | USD |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
4459495000 | USD |
| CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
4440115000 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5704808000 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5702570000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4230845000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
4207685000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4199357000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4035913000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1635794000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
431331000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
498168000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
569621000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
371731000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
608552000 | USD |
| CY2017Q4 | us-gaap |
Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
|
3158973000 | USD |
| CY2018Q1 | us-gaap |
Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
|
3110446000 | USD |
| CY2017Q4 | us-gaap |
Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
|
1090810000 | USD |
| CY2018Q1 | us-gaap |
Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
|
1114969000 | USD |
| CY2017Q4 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0474 | |
| CY2018Q1 | us-gaap |
Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
|
0.0480 | |
| CY2017Q4 | us-gaap |
Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
|
16998000 | USD |
| CY2018Q1 | us-gaap |
Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
|
15787000 | USD |
| CY2017Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
3452000 | USD |
| CY2018Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
2721000 | USD |
| CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
96474000 | USD |
| CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
94807000 | USD |
| CY2017Q1 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
2315000 | USD |
| CY2018Q1 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
2531000 | USD |
| CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9440000 | USD |
| CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7804000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
23163000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-79332000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-119714000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-28532000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
104876000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
98227000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34115000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
903000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
713000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
101000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
22892000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-10320000 | USD |
| CY2017Q1 | us-gaap |
Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
|
0 | USD |
| CY2018Q1 | us-gaap |
Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
|
94000 | USD |
| CY2017Q1 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
2231000 | USD |
| CY2017Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
263000 | USD |
| CY2017Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
8945000 | USD |
| CY2018Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
8677000 | USD |
| CY2018Q1 | us-gaap |
Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
|
13 | lease |
| CY2018Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
104 | property |
| CY2018Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
26 | state |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
160914000 | USD |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
176062000 | USD |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
77099000 | USD |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
44138000 | USD |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
14990000 | USD |
| CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
215026000 | USD |
| CY2017Q1 | us-gaap |
Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
159750000 | USD |
| CY2018Q1 | us-gaap |
Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
150361000 | USD |
| CY2017Q1 | us-gaap |
Other General Expense
OtherGeneralExpense
|
0 | USD |
| CY2018Q1 | us-gaap |
Other General Expense
OtherGeneralExpense
|
94000 | USD |
| CY2017Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
1479000 | USD |
| CY2018Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
2407000 | USD |
| CY2017Q4 | us-gaap |
Other Receivables
OtherReceivables
|
7570000 | USD |
| CY2018Q1 | us-gaap |
Other Receivables
OtherReceivables
|
8726000 | USD |
| CY2018Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1122000 | USD |
| CY2017Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
43856000 | USD |
| CY2018Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
36651000 | USD |
| CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
7749000 | USD |
| CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
2277000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
10582000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
9130000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
45260000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
34217000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
11223000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
11223000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
120000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
98000 | USD |
| CY2017Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
292000 | USD |
| CY2018Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
231000 | USD |
| CY2017Q1 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
51522000 | USD |
| CY2018Q1 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
39997000 | USD |
| CY2017Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
79799000 | USD |
| CY2018Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
0 | USD |
| CY2017Q1 | us-gaap |
Percentage Rent
PercentageRent
|
2389000 | USD |
| CY2018Q1 | us-gaap |
Percentage Rent
PercentageRent
|
2043000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
| CY2017Q1 | us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
263000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
0 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
49000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
41000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
389391000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
99160000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
456000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
267000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
13716000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
11848000 | USD |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
38518000 | USD |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-661000 | USD |
| CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1744000 | USD |
| CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2041000 | USD |
| CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2465095000 | USD |
| CY2018Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2496629000 | USD |
| CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7536584000 | USD |
| CY2018Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7496944000 | USD |
| CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5156835000 | USD |
| CY2018Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5100796000 | USD |
| CY2017Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
22083000 | USD |
| CY2018Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
21848000 | USD |
| CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
8835000 | USD |
| CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
6467000 | USD |
| CY2017Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
299063000 | USD |
| CY2018Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
123634000 | USD |
| CY2017Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
5659000 | USD |
| CY2018Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
3212000 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-836269000 | USD |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-810740000 | USD |
| CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4052000 | USD |
| CY2018Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
0 | USD |
| CY2018Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P9M | |
| CY2018Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P1Y | |
| CY2018Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P1Y | |
| CY2017Q1 | us-gaap |
Revenues
Revenues
|
238013000 | USD |
| CY2018Q1 | us-gaap |
Revenues
Revenues
|
220200000 | USD |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1912000 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2314000 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
10400000 | shares |
| CY2017Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
330938 | shares |
| CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
700534 | shares |
| CY2017Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
29683 | shares |
| CY2018Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
47867 | shares |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | USD |
| CY2017Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
294000 | USD |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
233000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1140004000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1161181000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1340852000 | USD |
| CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1314452000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1236478000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1255988000 | USD |
| CY2017Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
67291000 | USD |
| CY2018Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
60613000 | USD |
| CY2018Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
644383000 | USD |
| CY2018Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
350123000 | USD |
| CY2018Q1 | us-gaap |
Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
|
0.50 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
170989000 | shares |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
171943000 | shares |
| CY2018Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:10pt;font-style:italic;text-decoration:underline;">Accounting Guidance Adopted</font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:10pt;">    </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:25%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:56%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Description</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Date Adopted & Application Method</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Financial Statement Effect and Other Information</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2014-09, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">,</font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;"> </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">and related subsequent amendments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2018 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Modified Retrospective (applied to contracts not completed as of the implementation date)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The objective of this guidance is to enable financial statement users to better understand and analyze revenue by replacing transaction and industry-specific guidance with a more principles-based approach to revenue recognition. The core principle is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance also requires additional disclosure about the nature, timing and uncertainty of revenue and cash flows arising from customer contracts. The Company expects the adoption of the new guidance to be immaterial to its net income on an ongoing basis as the majority of the Company’s revenues relate to leasing. See </font><a style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;" href="#sc3d0354421bb46669591cc46ba1cf8ea"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Note 3</font></a><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;"> for further details and the cumulative adjustment recorded.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-bottom:8px;text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2016-16, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Intra-Entity Transfers of Assets Other Than Inventory</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2018 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Modified Retrospective</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The guidance requires an entity to recognize the income tax consequences of intercompany sales or transfers of assets, other than inventory, when the sale or transfer occurs. The Company recorded a cumulative effect adjustment of $11,433 to retained earnings as of January 1, 2018 related to certain 2017 asset sales from several of the Company's consolidated subsidiaries to the Management Company.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-bottom:8px;text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2017-05, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2018 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Modified Retrospective</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">This guidance applies to the partial sale or transfer of nonfinancial assets, including real estate assets, to unconsolidated joint ventures and requires 100% of the gain to be recognized for nonfinancial assets transferred to an unconsolidated joint venture and any noncontrolling interest received in such nonfinancial assets to be measured at fair value. See </font><a style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;" href="#sc3d0354421bb46669591cc46ba1cf8ea"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Note 3</font></a><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;"> for further details including the impact of adoption and the cumulative adjustment recorded.</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:25%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:56%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2017-09, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Scope of Modification Accounting</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2018 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Prospective</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The guidance clarifies the types of changes to the terms or conditions of a share-based payment award to which an entity would be required to apply modification accounting. The guidance did not have a material impact on the Company's condensed consolidated financial statements.</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:10pt;font-style:italic;text-decoration:underline;">Accounting Guidance Not Yet Effective</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:25%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:56%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Description</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Expected Adoption Date & Application Method</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Financial Statement Effect and Other Information</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2016-02, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Leases</font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">, and related subsequent amendments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2019 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Modified Retrospective</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The objective of the leasing guidance is to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Lessees will be required to recognize a right-of-use asset and corresponding lease liability on the balance sheet for all leases with terms greater than 12 months. </font></div><div style="padding-top:12px;padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The guidance applied by a lessor is substantially similar to existing GAAP and the Company expects substantially all leases will continue to be classified as operating leases under the new guidance. The Company expects to expense certain deferred lease costs due to the narrowed definition of indirect costs that may be capitalized.</font></div><div style="padding-top:12px;padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The Company is completing an inventory of its leases in which it is a lessee and continues to evaluate the potential impact the guidance may have on its condensed consolidated financial statements and related disclosures. </font></div><div style="padding-top:12px;padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The Company has 13 ground lease arrangements in which it is the lessee for land. As of March 31, 2018, these ground leases have future contractual payments of approximately $14,990 with maturity dates ranging from January 2019 to July 2089.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-bottom:8px;text-align:left;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">ASU 2016-13, </font><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;font-style:italic;">Measurement of Credit Losses on Financial Instruments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">January 1, 2020 - </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">Modified Retrospective</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The guidance replaces the current incurred loss impairment model, which reflects credit events, with a current expected credit loss model, which recognizes an allowance for credit losses based on an entity's estimate of contractual cash flows not expected to be collected. </font></div><div style="padding-top:12px;padding-bottom:8px;text-align:justify;font-size:9pt;"><font style="font-family:Avenir LT Pro 35 Light,sans-serif;font-size:9pt;">The Company is evaluating the impact that this update may have on its condensed consolidated financial statements and related disclosures.</font></div></td></tr></table></div></div></div> |
