2022 Q1 Form 10-Q Financial Statement

#000136425022000021 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $238.9M $216.3M
YoY Change 10.44% -13.95%
Cost Of Revenue $77.37M $71.30M
YoY Change 8.51% -9.52%
Gross Profit $161.5M $145.0M
YoY Change 11.39% -15.94%
Gross Profit Margin 67.61% 67.04%
Selling, General & Admin $11.42M $9.800M
YoY Change 16.55% -6.67%
% of Gross Profit 7.07% 6.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.37M $92.80M
YoY Change -3.7% -5.11%
% of Gross Profit 55.33% 64.0%
Operating Expenses $100.8M $102.6M
YoY Change -1.77% -5.26%
Operating Profit $60.73M $42.40M
YoY Change 43.23% -33.97%
Interest Expense $34.90M $35.21M
YoY Change -0.86% -0.61%
% of Operating Profit 57.47% 83.03%
Other Income/Expense, Net $183.0K $163.0K
YoY Change 12.27% -88.32%
Pretax Income $26.26M $7.600M
YoY Change 245.51% -74.41%
Income Tax
% Of Pretax Income
Net Earnings $25.51M $11.60M
YoY Change 119.93% -56.91%
Net Earnings / Revenue 10.68% 5.36%
Basic Earnings Per Share $0.14 $0.06
Diluted Earnings Per Share $0.14 $0.06
COMMON SHARES
Basic Shares Outstanding 175.7M shares 175.5M shares
Diluted Shares Outstanding 175.7M shares 175.5M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $337.3M $184.3M
YoY Change 83.0% 5.5%
Cash & Equivalents $337.3M $184.3M
Short-Term Investments
Other Short-Term Assets $13.48M $12.30M
YoY Change 9.56% 25.51%
Inventory
Prepaid Expenses
Receivables $10.22M $18.00M
Other Receivables $115.0M $116.9M
Total Short-Term Assets $476.0M $331.5M
YoY Change 43.59% 2.35%
LONG-TERM ASSETS
Property, Plant & Equipment $2.425M $2.288M
YoY Change 5.99% -7.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $47.87M $47.20M
YoY Change 1.43% -2.37%
Other Assets $25.10M $100.0K
YoY Change 25001.0% 0.0%
Total Long-Term Assets $8.964B $8.918B
YoY Change 0.52% -0.79%
TOTAL ASSETS
Total Short-Term Assets $476.0M $331.5M
Total Long-Term Assets $8.964B $8.918B
Total Assets $9.440B $9.250B
YoY Change 2.06% -0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $98.74M $112.1M
YoY Change -11.92% 16.05%
Accrued Expenses $23.32M $22.90M
YoY Change 1.85% 1.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $227.6M $237.6M
YoY Change -4.19% 3.89%
LONG-TERM LIABILITIES
Long-Term Debt $5.014B $4.776B
YoY Change 4.98% 3.37%
Other Long-Term Liabilities $73.11M $215.6M
YoY Change -66.09% -35.53%
Total Long-Term Liabilities $5.087B $4.992B
YoY Change 1.91% 0.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.6M $237.6M
Total Long-Term Liabilities $5.087B $4.992B
Total Liabilities $5.315B $5.229B
YoY Change 1.63% 0.88%
SHAREHOLDERS EQUITY
Retained Earnings -$1.059B -$942.0M
YoY Change 12.47% 20.69%
Common Stock $3.494B $3.490B
YoY Change 0.14% 0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.518B $2.450B
YoY Change
Total Liabilities & Shareholders Equity $9.440B $9.250B
YoY Change 2.06% -0.68%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $25.51M $11.60M
YoY Change 119.93% -56.91%
Depreciation, Depletion And Amortization $89.37M $92.80M
YoY Change -3.7% -5.11%
Cash From Operating Activities $139.5M $125.0M
YoY Change 11.54% -18.54%
INVESTING ACTIVITIES
Capital Expenditures -$74.26M -$79.50M
YoY Change -6.59% 36.13%
Acquisitions
YoY Change
Other Investing Activities $1.316M $200.0K
YoY Change 558.0% -103.13%
Cash From Investing Activities -$72.94M -$79.32M
YoY Change -8.03% 22.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$65.16M -$33.84M
YoY Change 92.56% -50.03%
NET CHANGE
Cash From Operating Activities $139.5M $125.0M
Cash From Investing Activities -$72.94M -$79.32M
Cash From Financing Activities -$65.16M -$33.84M
Net Change In Cash $1.369M $11.89M
YoY Change -88.49% -43.42%
FREE CASH FLOW
Cash From Operating Activities $139.5M $125.0M
Capital Expenditures -$74.26M -$79.50M
Free Cash Flow $213.7M $204.5M
YoY Change 4.49% -3.48%

Facts In Submission

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NetCashProvidedByUsedInInvestingActivities
-72944000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79317000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
50000000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
202000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20193000 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
101000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
686000 USD
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
15393000 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
13724000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49148000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49130000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
313000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
105000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65157000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33838000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1369000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11889000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
336006000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172517000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
337375000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184406000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
337274000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
184274000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
132000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
337375000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184406000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
32785000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
33420000 USD
CY2022Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2801000 USD
CY2021Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1773000 USD
CY2022Q1 nysedei Change In Capital Expenditures Incurred But Not Yet Paid Improvements To Real Estate
ChangeInCapitalExpendituresIncurredButNotYetPaidImprovementsToRealEstate
32407000 USD
CY2021Q1 nysedei Change In Capital Expenditures Incurred But Not Yet Paid Improvements To Real Estate
ChangeInCapitalExpendituresIncurredButNotYetPaidImprovementsToRealEstate
38607000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
791000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
715000 USD
CY2022Q1 nysedei Tenant Improvements And Leasing Intangibles Fully Depreciated And Amortized Written Off
TenantImprovementsAndLeasingIntangiblesFullyDepreciatedAndAmortizedWrittenOff
21139000 USD
CY2021Q1 nysedei Tenant Improvements And Leasing Intangibles Fully Depreciated And Amortized Written Off
TenantImprovementsAndLeasingIntangiblesFullyDepreciatedAndAmortizedWrittenOff
19143000 USD
CY2022Q1 nysedei Finite Lived Intangible Asset Offmarket Lease Favorable Fully Amortized Written Off
FiniteLivedIntangibleAssetOffmarketLeaseFavorableFullyAmortizedWrittenOff
887000 USD
CY2021Q1 nysedei Finite Lived Intangible Asset Offmarket Lease Favorable Fully Amortized Written Off
FiniteLivedIntangibleAssetOffmarketLeaseFavorableFullyAmortizedWrittenOff
50000 USD
CY2022Q1 nysedei Finite Lived Intangible Asset Offmarket Lease Fully Accreted Written Off
FiniteLivedIntangibleAssetOffmarketLeaseFullyAccretedWrittenOff
2834000 USD
CY2021Q1 nysedei Finite Lived Intangible Asset Offmarket Lease Fully Accreted Written Off
FiniteLivedIntangibleAssetOffmarketLeaseFullyAccretedWrittenOff
7134000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
154944000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
58346000 USD
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
49215000 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
49131000 USD
CY2022Q1 us-gaap Stock Issued1
StockIssued1
3944000 USD
CY2022Q1 us-gaap Stock Issued1
StockIssued1
3944000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
109000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
109000 USD
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
83 property
CY2022Q1 nysedei Number Of Joint Ventures Consolidated
NumberOfJointVenturesConsolidated
3 apartment
CY2022Q1 nysedei Number Of Joint Ventures Consolidated
NumberOfJointVenturesConsolidated
3 apartment
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with US GAAP requires management to make certain estimates that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</span></div>
CY2022Q1 nysedei Revenue Charge For Uncollectible Amounts
RevenueChargeForUncollectibleAmounts
100000 USD
CY2021Q1 nysedei Revenue Charge For Uncollectible Amounts
RevenueChargeForUncollectibleAmounts
1800000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14800000 USD
CY2021Q4 nysedei Parking Receivables
ParkingReceivables
800000 USD
CY2022Q1 nysedei Parking Receivables
ParkingReceivables
800000 USD
CY2022Q1 us-gaap Land
Land
1150821000 USD
CY2021Q4 us-gaap Land
Land
1150821000 USD
CY2022Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
9359788000 USD
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
9344087000 USD
CY2022Q1 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
936698000 USD
CY2021Q4 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
935639000 USD
CY2022Q1 us-gaap Development In Process
DevelopmentInProcess
394386000 USD
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
388530000 USD
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
11841693000 USD
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
11819077000 USD
CY2022Q1 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7500000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10900000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
182000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
182000 USD
CY2022Q1 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
733000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
43796000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
47461000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3969000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4168000 USD
CY2022Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
22714000 USD
CY2021Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
24710000 USD
CY2022Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1797000 USD
CY2021Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3114000 USD
CY2022Q1 nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
244000 USD
CY2021Q1 nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
164000 USD
CY2022Q1 nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
531000 USD
CY2021Q1 nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
194000 USD
CY2022Q1 nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
775000 USD
CY2021Q1 nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
358000 USD
CY2022Q1 nysedei Percentage Of Amounts Related To Fund
PercentageOfAmountsRelatedToFund
1
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 USD
CY2022Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
13476000 USD
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15936000 USD
CY2022Q1 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 USD
CY2021Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 USD
CY2022Q1 us-gaap Escrow Deposit
EscrowDeposit
25000000 USD
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
0 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2425000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2499000 USD
CY2022Q1 us-gaap Other Assets
OtherAssets
5469000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
5197000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
48459000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
25721000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5046523000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5046725000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
3893000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
4007000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
36540000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
38656000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
5013876000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
5012076000 USD
CY2022Q1 nysedei Number Of Collateral Pools Used To Secure Loans Minimum
NumberOfCollateralPoolsUsedToSecureLoansMinimum
1 property
CY2022Q1 nysedei Accumulated Amortization Loan Premium
AccumulatedAmortizationLoanPremium
3300000 USD
CY2021Q4 nysedei Accumulated Amortization Loan Premium
AccumulatedAmortizationLoanPremium
3200000 USD
CY2022Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
48200000 USD
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
46300000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5046523000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5046725000 USD
CY2022Q1 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
5050000000.00 USD
CY2022Q1 nysedei Weighted Average Remaining Life Of Fixed Rate Debt
WeightedAverageRemainingLifeOfFixedRateDebt
P5Y2M12D
CY2022Q1 nysedei Weighted Average Remaining Fixed Interest Period
WeightedAverageRemainingFixedInterestPeriod
P2Y9M18D
CY2022Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0289
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
833000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
871000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
735912000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
103354000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
1415999000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
2789554000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5046523000 USD
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12467000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12254000 USD
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
98740000 USD
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
83150000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
43725000 USD
CY2021Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
4000 shares
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50056000 USD
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
154932000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
145460000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
34902000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
7000 shares
CY2021Q1 us-gaap Interest Expense
InterestExpense
35205000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
247000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
167000 USD
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
10809000 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
243000 shares
CY2022Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
9000 shares
CY2022Q1 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
313000 USD
CY2021Q1 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
105000 USD
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
175800000 shares
CY2022Q1 nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnit
1 shares
CY2022Q1 nysedei Operating Partnership Conversion Rate
OperatingPartnershipConversionRate
1
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25514000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11601000 USD
CY2022Q1 nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Exchange Of Interest Units By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesExchangeOfInterestUnitsByParent
3944000 USD
CY2021Q1 nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Exchange Of Interest Units By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesExchangeOfInterestUnitsByParent
109000 USD
CY2022Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
168000 USD
CY2021Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
48000 USD
CY2022Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
3776000 USD
CY2021Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
61000 USD
CY2022Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
29290000 USD
CY2021Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
11662000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
154944000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
58346000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-17649000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-18078000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
174434000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
76469000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
52631000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
25766000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
121803000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
50703000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2581000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2694000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
791000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
715000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25514000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11601000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
226000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
219000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25288000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
25288000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11382000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11382000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175656000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175656000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175464000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175464000 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2021Q1 nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit Or One Vested Ltip Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnitOrOneVestedLTIPUnit
1 shares
CY2022Q1 nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit Or One Vested Ltip Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnitOrOneVestedLTIPUnit
1 shares
CY2022Q1 nysedei Percentage Of Notional Amount Of Derivative Disclosed
PercentageOfNotionalAmountOfDerivativeDisclosed
1
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 nysedei Segment Reporting Profit Loss
SegmentReportingProfitLoss
161335000 USD
CY2021Q1 nysedei Segment Reporting Profit Loss
SegmentReportingProfitLoss
144806000 USD
CY2022Q1 nysedei Segment Reporting Profit Loss
SegmentReportingProfitLoss
161335000 USD
CY2021Q1 nysedei Segment Reporting Profit Loss
SegmentReportingProfitLoss
144806000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11240000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9571000 USD
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89365000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
92797000 USD
CY2022Q1 us-gaap Other Income
OtherIncome
367000 USD
CY2021Q1 us-gaap Other Income
OtherIncome
351000 USD
CY2022Q1 us-gaap Other Expenses
OtherExpenses
183000 USD
CY2021Q1 us-gaap Other Expenses
OtherExpenses
163000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
247000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
167000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
34902000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
35205000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
26259000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
7588000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
745000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4013000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25514000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11601000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
628283000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
530024000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
428543000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
332702000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
246890000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
673309000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2839751000 USD
CY2022Q1 nysedei Lessor Operating Leases Not Included In Future Minimum Payments Receivable Maximum Term
LessorOperatingLeasesNotIncludedInFutureMinimumPaymentsReceivableMaximumTerm
P1Y
CY2022Q1 nysedei Number Of Properties Containing Asbestos
NumberOfPropertiesContainingAsbestos
32 building

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