2024 Q1 Form 10-K Financial Statement

#000162828024004094 Filed on February 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $606.6M $553.7M $2.181B
YoY Change 15.39% 5.56% 5.81%
Cost Of Revenue $243.7M $224.4M $902.1M
YoY Change 9.25% 3.28% 4.53%
Gross Profit $362.8M $329.3M $1.279B
YoY Change 19.91% 7.18% 6.74%
Gross Profit Margin 59.82% 59.47% 58.64%
Selling, General & Admin $23.30M $21.56M $95.13M
YoY Change -5.08% -14.2% -3.21%
% of Gross Profit 6.42% 6.55% 7.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.2M $188.5M $749.9M
YoY Change 22.31% 5.24% 5.54%
% of Gross Profit 60.42% 57.26% 58.63%
Operating Expenses $243.7M $210.1M $902.1M
YoY Change 9.25% 2.85% 4.53%
Operating Profit $119.1M $119.2M $376.9M
YoY Change 49.81% 15.78% 12.44%
Interest Expense $60.91M -$52.78M $200.3M
YoY Change 26.99% 6.82% 15.84%
% of Operating Profit 51.14% -44.3% 53.15%
Other Income/Expense, Net $81.77M $6.024M $93.27M
YoY Change -0.7% -101.93% -72.19%
Pretax Income $22.50M $60.00M $325.0M
YoY Change -83.08% 535.88% -36.15%
Income Tax $13.70M -$11.84M -$9.617M
% Of Pretax Income 60.88% -19.74% -2.96%
Net Earnings $6.676M $70.79M $306.0M
YoY Change -94.39% 984.36% -38.85%
Net Earnings / Revenue 1.1% 12.79% 14.03%
Basic Earnings Per Share $0.01 $0.56
Diluted Earnings Per Share $0.01 $0.13 $0.56
COMMON SHARES
Basic Shares Outstanding 547.2M shares 547.1M shares 547.0M shares
Diluted Shares Outstanding 601.2M shares 547.3M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.8M $117.6M $117.6M
YoY Change 71.8% 63.31% 63.31%
Cash & Equivalents $101.8M $117.6M $117.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $68.57M $55.82M $55.82M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $170.3M $173.5M $173.5M
YoY Change 45.66% 38.25% 38.25%
LONG-TERM ASSETS
Property, Plant & Equipment $17.10B $13.27B $13.27B
YoY Change 28.33% 0.06% 0.06%
Goodwill $65.16M $18.00M
YoY Change 0.0%
Intangibles $1.160B $314.2M
YoY Change 196.07% -24.85%
Long-Term Investments $930.6M $782.9M $782.9M
YoY Change 30.21% 10.78% 10.78%
Other Assets $55.40M $169.4M $169.4M
YoY Change -4.47% 61.82% -16.83%
Total Long-Term Assets $20.37B $15.53B $15.53B
YoY Change 31.55% -0.77% -0.77%
TOTAL ASSETS
Total Short-Term Assets $170.3M $173.5M $173.5M
Total Long-Term Assets $20.37B $15.53B $15.53B
Total Assets $20.54B $15.70B $15.70B
YoY Change 31.66% -0.46% -0.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.021B $657.2M $657.2M
YoY Change 48.19% 147.44% 147.44%
Accrued Expenses $472.3M $206.7M $206.7M
YoY Change 127.37% -53.69% -53.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.63M $7.024M $7.024M
YoY Change -66.62% -92.2% -92.2%
Total Short-Term Liabilities $1.523B $863.9M $863.9M
YoY Change 69.84% 7.71% 7.71%
LONG-TERM LIABILITIES
Long-Term Debt $8.726B $6.876B $6.876B
YoY Change 35.21% 7.32% 7.32%
Other Long-Term Liabilities $1.411B $1.034B $1.034B
YoY Change 37.21% -18.81% -18.81%
Total Long-Term Liabilities $10.14B $7.910B $7.910B
YoY Change 35.48% 2.98% 2.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.523B $863.9M $863.9M
Total Long-Term Liabilities $10.14B $7.910B $7.910B
Total Liabilities $10.94B $8.774B $9.348B
YoY Change 30.6% 3.43% 2.54%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $703.7M $547.2M
YoY Change 28.65% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.882B $6.350B $6.350B
YoY Change
Total Liabilities & Shareholders Equity $20.54B $15.70B $15.70B
YoY Change 31.66% -0.46% -0.46%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $6.676M $70.79M $306.0M
YoY Change -94.39% 984.36% -38.85%
Depreciation, Depletion And Amortization $219.2M $188.5M $749.9M
YoY Change 22.31% 5.24% 5.54%
Cash From Operating Activities $152.6M $231.2M $956.2M
YoY Change -12.28% 11.74% 6.22%
INVESTING ACTIVITIES
Capital Expenditures $107.1M $148.9M $747.1M
YoY Change -50.23% -43.57% -28.15%
Acquisitions
YoY Change
Other Investing Activities $9.269M -$66.80M $170.3M
YoY Change -96.59% 93.83% 4.21%
Cash From Investing Activities -$97.78M -$215.7M -$576.8M
YoY Change -273.54% -27.69% -34.19%
FINANCING ACTIVITIES
Cash Dividend Paid $164.2M $657.0M
YoY Change -0.47% 1.38%
Common Stock Issuance & Retirement, Net $6.524M
YoY Change -90.38%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$66.65M 39.50M -$337.3M
YoY Change -72.22% -19.36% 189.45%
NET CHANGE
Cash From Operating Activities $152.6M 231.2M $956.2M
Cash From Investing Activities -$97.78M -215.7M -$576.8M
Cash From Financing Activities -$66.65M 39.50M -$337.3M
Net Change In Cash -$11.87M 55.09M $42.19M
YoY Change 23.48% -230.26% -145.55%
FREE CASH FLOW
Cash From Operating Activities $152.6M $231.2M $956.2M
Capital Expenditures $107.1M $148.9M $747.1M
Free Cash Flow $45.51M $82.39M $209.2M
YoY Change -210.51% -245.02% -249.95%

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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
2539000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
306009000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
500449000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
505540000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1725000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2657000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3269000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
497792000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
502271000 usd
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.56
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.92
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.71
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.56
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.92
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.71
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
547006000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
538809000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
538930000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547275000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539147000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539241000 shares
CY2023 us-gaap Profit Loss
ProfitLoss
334757000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
516424000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
525930000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-8900000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
30145000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
332000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-137000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1136000 usd
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-457000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
251000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8763000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31281000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
538000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
325994000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
547705000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
526468000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
297246000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
531730000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
506078000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7289950000 usd
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
57396000 usd
CY2021 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
525886000 usd
CY2021 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
44000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
538000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1745000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
12841000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3291000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22851000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
650082000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
33017000 usd
CY2021 peak Temporary Equity Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders
TemporaryEquityNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
162000 usd
CY2021 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
70000 usd
CY2021 peak Temporary Equity Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests
TemporaryEquityNoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterests
60065000 usd
CY2021 peak Temporary Equity Noncontrolling Interest Contributions From Noncontrolling Interest
TemporaryEquityNoncontrollingInterestContributionsFromNoncontrollingInterest
640000 usd
CY2021 peak Adjustments Of Permanent Equity To Temporary Equity
AdjustmentsOfPermanentEquityToTemporaryEquity
89491000 usd
CY2021 peak Temporary Equity Adjustments Of Permanent Equity To Temporary Equity
TemporaryEquityAdjustmentsOfPermanentEquityToTemporaryEquity
89491000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7058760000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
87344000 usd
CY2022 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
516325000 usd
CY2022 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
99000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31281000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
309417000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
67838000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
31412000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
649364000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
30389000 usd
CY2022 peak Temporary Equity Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders
TemporaryEquityNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
160000 usd
CY2022 peak Temporary Equity Noncontrolling Interest Contributions From Noncontrolling Interest
TemporaryEquityNoncontrollingInterestContributionsFromNoncontrollingInterest
1390000 usd
CY2022 peak Adjustments Of Permanent Equity To Temporary Equity
AdjustmentsOfPermanentEquityToTemporaryEquity
17006000 usd
CY2022 peak Temporary Equity Adjustments Of Permanent Equity To Temporary Equity
TemporaryEquityAdjustmentsOfPermanentEquityToTemporaryEquity
17006000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7182598000 usd
CY2023 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
334120000 usd
CY2023 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
637000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8763000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1438000 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6524000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18659000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
658181000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
44848000 usd
CY2023 peak Temporary Equity Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders
TemporaryEquityNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
276000 usd
CY2023 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
158000 usd
CY2023 peak Temporary Equity Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests
TemporaryEquityNoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterests
0 usd
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
173000 usd
CY2023 peak Temporary Equity Noncontrolling Interest Contributions From Noncontrolling Interest
TemporaryEquityNoncontrollingInterestContributionsFromNoncontrollingInterest
316000 usd
CY2023 peak Adjustments Of Permanent Equity To Temporary Equity
AdjustmentsOfPermanentEquityToTemporaryEquity
-57528000 usd
CY2023 peak Temporary Equity Adjustments Of Permanent Equity To Temporary Equity
TemporaryEquityAdjustmentsOfPermanentEquityToTemporaryEquity
-57528000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6876042000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
48828000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
334757000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
516424000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
525930000 usd
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
749901000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
710569000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
684286000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
14480000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
26456000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
18202000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11916000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10881000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9216000 usd
CY2023 us-gaap Straight Line Rent
StraightLineRent
14387000 usd
CY2022 us-gaap Straight Line Rent
StraightLineRent
49183000 usd
CY2021 us-gaap Straight Line Rent
StraightLineRent
31188000 usd
CY2023 peak Amortization Of Nonrefundable Entrance Fees And Above Below Market Lease Intangibles Net
AmortizationOfNonrefundableEntranceFeesAndAboveBelowMarketLeaseIntangiblesNet
-108988000 usd
CY2022 peak Amortization Of Nonrefundable Entrance Fees And Above Below Market Lease Intangibles Net
AmortizationOfNonrefundableEntranceFeesAndAboveBelowMarketLeaseIntangiblesNet
-102747000 usd
CY2021 peak Amortization Of Nonrefundable Entrance Fees And Above Below Market Lease Intangibles Net
AmortizationOfNonrefundableEntranceFeesAndAboveBelowMarketLeaseIntangiblesNet
-94362000 usd
CY2023 peak Income Loss From Equity Method Investments Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingDiscontinuedOperations
10204000 usd
CY2022 peak Income Loss From Equity Method Investments Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingDiscontinuedOperations
2049000 usd
CY2021 peak Income Loss From Equity Method Investments Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingDiscontinuedOperations
11235000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
910000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
943000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4976000 usd
CY2023 peak Gain Loss On Sale Of Real Estate Under Direct Financing Lease
GainLossOnSaleOfRealEstateUnderDirectFinancingLease
0 usd
CY2022 peak Gain Loss On Sale Of Real Estate Under Direct Financing Lease
GainLossOnSaleOfRealEstateUnderDirectFinancingLease
22693000 usd
CY2021 peak Gain Loss On Sale Of Real Estate Under Direct Financing Lease
GainLossOnSaleOfRealEstateUnderDirectFinancingLease
0 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-14605000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-6001000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5792000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
-5601000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7004000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
55896000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-225824000 usd
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
86463000 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
10422000 usd
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
605311000 usd
CY2023 peak Gain Loss From Change Of Control
GainLossFromChangeOfControl
234000 usd
CY2022 peak Gain Loss From Change Of Control
GainLossFromChangeOfControl
311438000 usd
CY2021 peak Gain Loss From Change Of Control
GainLossFromChangeOfControl
1042000 usd
CY2023 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
3085000 usd
CY2022 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
-7168000 usd
CY2021 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
-1632000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4900000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6489000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8178000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
21566000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
17433000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-18626000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
104511000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
136293000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7768000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
956242000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
900261000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
795248000 usd
CY2023 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
15847000 usd
CY2022 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
178133000 usd
CY2021 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
1483026000 usd
CY2023 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
731206000 usd
CY2022 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
861636000 usd
CY2021 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
610555000 usd
CY2023 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
113596000 usd
CY2022 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
108510000 usd
CY2021 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
111480000 usd
CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
141651000 usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
47885000 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
2399120000 usd
CY2023 peak Proceeds From Divestitures Of Interest In Joint Venture
ProceedsFromDivestituresOfInterestInJointVenture
0 usd
CY2022 peak Proceeds From Divestitures Of Interest In Joint Venture
ProceedsFromDivestituresOfInterestInJointVenture
125985000 usd
CY2021 peak Proceeds From Divestitures Of Interest In Joint Venture
ProceedsFromDivestituresOfInterestInJointVenture
0 usd
CY2023 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
88391000 usd
CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
21143000 usd
CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
25260000 usd
CY2023 peak Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
20640000 usd
CY2022 peak Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
12518000 usd
CY2021 peak Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
37640000 usd
CY2023 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
24980000 usd
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1450000 usd
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
204865000 usd
CY2022 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
115988000 usd
CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
342420000 usd
CY2023 peak Payments To Acquire Loans Receivable And Other
PaymentsToAcquireLoansReceivableAndOther
19850000 usd
CY2022 peak Payments To Acquire Loans Receivable And Other
PaymentsToAcquireLoansReceivableAndOther
10747000 usd
CY2021 peak Payments To Acquire Loans Receivable And Other
PaymentsToAcquireLoansReceivableAndOther
17827000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-576754000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-876343000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
531032000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10344705000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15882153000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16821450000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10620311000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
16052522000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15785065000 usd
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
743778000 usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
500000000 usd
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
1088537000 usd
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
90089000 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
5048000 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2425936000 usd
CY2023 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7322000 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4171000 usd
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
236942000 usd
CY2023 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
278000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
308100000 usd
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5036000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6524000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
67838000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12841000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
657021000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
648047000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
650082000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
45282000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
30549000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
93314000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
489000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1390000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
640000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-337299000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-116532000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1288517000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
42189000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-92614000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37763000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
219448000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
181685000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
169023000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126834000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Business<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Overview</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Healthpeak Properties, Inc., a Standard &amp; Poor’s 500 company, is a Maryland corporation that is organized to qualify as a real estate investment trust (“REIT”) that, together with its consolidated entities (collectively, “Healthpeak” or the “Company”), invests primarily in real estate serving the healthcare industry in the United States (“U.S.”). Healthpeak® acquires, develops, owns, leases, and manages healthcare real estate. The Company’s diverse portfolio is comprised of investments in the following reportable healthcare segments: (i) lab; (ii) outpatient medical; and (iii) continuing care retirement community (“CCRC”). </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s corporate headquarters are in Denver, Colorado, and it has additional offices in California, Tennessee, and Massachusetts.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">UPREIT Reorganization</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 10, 2023, the Company completed its corporate reorganization (the “Reorganization”) into an umbrella partnership REIT (“UPREIT”). Substantially all of the Company’s business is conducted through Healthpeak OP, LLC (“Healthpeak OP”). The Company is the managing member of Healthpeak OP and does not have material assets or liabilities, other than through its investment in Healthpeak OP. For additional information on the UPREIT reorganization, see the Company’s Current Report on Form 8-K12B filed with the U.S. Securities and Exchange Commission (“SEC”) on February 10, 2023.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">The Merger Agreement</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 29, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Physicians Realty Trust, Physicians Realty L.P. (the “Physicians Partnership”), and certain of the Company’s subsidiaries, pursuant to which, among other things, and through a series of transactions (the “Mergers”), (i) each outstanding common share of Physicians Realty Trust (other than Physicians Realty Trust common shares to be canceled in accordance with the Merger Agreement) will be converted into the right to receive 0.674 (the “Exchange Ratio”) shares of Company common stock, and (ii) each outstanding common unit of the Physicians Partnership will be converted into common units in the successor entity to the Physicians Partnership equal to the Exchange Ratio. Following the transactions contemplated in the Merger Agreement, the successor entities to Physicians Realty Trust and the Physicians Partnership will be subsidiaries of Healthpeak OP.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Merger Agreement contains customary representations, warranties, and covenants, as well as certain termination rights for the Company and Physicians Realty Trust, in each case, as more fully described in the Merger Agreement.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2023, the Company incurred approximately</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$11 million of merger-related costs, which primarily related to advisory, legal, accounting, and other costs. These merger-related costs are included in transaction and merger-related costs on the Consolidated Statements of Operations. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the Company has engaged service providers, including investment banks and advisors, to help the Company negotiate the terms of the transactions contemplated by the Merger Agreement and to advise the Company on other merger-related matters. In connection with these services, the Company expects to be required to pay success-based fees to the extent that certain conditions, including the closing of the transactions contemplated by the Merger Agreement, are met. As of December 31, 2023, the Company expects to incur approximately</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$22 million of such success fees. As closing of the transactions contemplated by the Merger Agreement has not occurred, no such amounts have been paid or accrued through December 31, 2023.</span></div>In connection with the Mergers, the Company filed a Registration Statement on Form S-4 with the SEC on December 15, 2023 (the “Initial Filing”), as amended on January 9, 2024, and a definitive joint proxy statement/prospectus for the Company and Physicians Realty Trust on January 11, 2024 in connection with their respective special meetings of stockholders and shareholders, as applicable, which will be held on February 21, 2024. Consummation of the Mergers are subject to the satisfaction or waiver of customary closing conditions, including the approval of the Company’s stockholders and the shareholders of Physicians Realty Trust. The parties expect the Mergers to close on March 1, 2024. If the Mergers are not consummated by July 31, 2024 (unless extended under certain circumstances), either the Company or Physicians Realty Trust may terminate the Merger Agreement.
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt"><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="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management is required to make estimates and assumptions in the preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”). These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from management’s estimates.</span></div>
CY2023 peak Residency Agreement Term Minimum
ResidencyAgreementTermMinimum
P30D
CY2023 peak Residency Agreement Term Maximum
ResidencyAgreementTermMaximum
P1Y
CY2023 us-gaap Advertising Expense
AdvertisingExpense
8000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
8000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
11000000 usd
CY2023 peak Maximum Period Available For Occupancy After Cessation Of Significant Construction
MaximumPeriodAvailableForOccupancyAfterCessationOfSignificantConstruction
P1Y
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
774561000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
961994000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
759720000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1236502000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1182463000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1087683000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
395303000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
359312000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
290701000 usd
CY2023 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
0 usd
CY2022 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
1168000 usd
CY2021 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
8702000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
68000000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
23000000 usd
CY2023Q4 peak Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
0 property
CY2022Q4 peak Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
0 property
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1135628000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1063147000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
975246000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
888223000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
788742000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
2818655000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
7669641000 usd
CY2023Q4 peak Leaseswith Purchase Option Future Minimum Annualized Base Rent Receivable Next Twelve Months
LeaseswithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableNextTwelveMonths
14199000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Properties Next Twelve Months
LeaseswithPurchaseOptionNumberofPropertiesNextTwelveMonths
12 property
CY2023Q4 peak Leases With Purchase Option Future Minimum Annualized Base Rent Receivable In Two Years
LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInTwoYears
14244000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Propertiesin Two Years
LeaseswithPurchaseOptionNumberofPropertiesinTwoYears
16 property
CY2023Q4 peak Leases With Purchase Option Future Minimum Annualized Base Rent Receivable In Three Years
LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInThreeYears
16422000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Propertiesin Three Years
LeaseswithPurchaseOptionNumberofPropertiesinThreeYears
8 property
CY2023Q4 peak Leases With Purchase Option Future Minimum Annualized Base Rent Receivable In Four Years
LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFourYears
8116000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Propertiesin Four Years
LeaseswithPurchaseOptionNumberofPropertiesinFourYears
5 property
CY2023Q4 peak Leaseswith Purchase Option Future Minimum Annualized Base Rent Receivable In Five Years
LeaseswithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableInFiveYears
1252000 usd
CY2023Q4 peak Leases With Purchase Option Number Of Properties In Five Years
LeasesWithPurchaseOptionNumberOfPropertiesInFiveYears
1 property
CY2023Q4 peak Leases With Purchase Option Future Minimum Annualized Base Rent Receivable Thereafter
LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivableThereafter
16212000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Properties Thereafter
LeaseswithPurchaseOptionNumberofPropertiesThereafter
5 property
CY2023Q4 peak Leases With Purchase Option Future Minimum Annualized Base Rent Receivable
LeasesWithPurchaseOptionFutureMinimumAnnualizedBaseRentReceivable
70445000 usd
CY2023Q4 peak Leaseswith Purchase Option Numberof Properties
LeaseswithPurchaseOptionNumberofProperties
47 property
CY2023 us-gaap Lease Cost
LeaseCost
17010000 usd
CY2022 us-gaap Lease Cost
LeaseCost
16689000 usd
CY2021 us-gaap Lease Cost
LeaseCost
14442000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P51Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P51Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0423
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0420
CY2022 peak Lessee Operating Lease Remaining Lease Term Including Option To Extend
LesseeOperatingLeaseRemainingLeaseTermIncludingOptionToExtend
P67Y
CY2023 peak Lessee Operating Lease Remaining Lease Term Including Option To Extend
LesseeOperatingLeaseRemainingLeaseTermIncludingOptionToExtend
P67Y
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16950000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12399000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12326000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12321000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12351000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
475584000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
541931000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
335188000 usd
CY2023Q4 peak Lease Liability Including Discontinued Operations
LeaseLiabilityIncludingDiscontinuedOperations
206743000 usd
CY2023Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
4000000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-131000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-808000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2830000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
218450000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
374832000 usd
CY2023Q4 peak Loansand Leases Receivable Remaining Commitments
LoansandLeasesReceivableRemainingCommitments
29000000 usd
CY2022Q4 peak Loansand Leases Receivable Remaining Commitments
LoansandLeasesReceivableRemainingCommitments
40000000 usd
CY2021Q3 peak Financing Receivable Number Of Loans Sold
FinancingReceivableNumberOfLoansSold
1 loan
CY2021Q3 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
2000000 usd
CY2021Q2 peak Financing Receivable Number Of Loans Sold
FinancingReceivableNumberOfLoansSold
2 loan
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
1813000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
2088000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
6534000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
7538000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
67000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2830000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2023Q4 peak Financing Receivable Allowance For Credit Loss Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossUnfundedLoanCommitments
700000 usd
CY2022Q4 peak Financing Receivable Allowance For Credit Loss Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossUnfundedLoanCommitments
800000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
782853000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
706677000 usd
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
49000000 usd
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
41000000 usd
CY2022 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
311000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
739228000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
770285000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
425072000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
352224000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
314156000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
418061000 usd
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2023Q4 peak Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
228105000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
237464000 usd
CY2023Q4 peak Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
100725000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
81271000 usd
CY2023Q4 peak Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
127380000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
156193000 usd
CY2023 peak Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P7Y
CY2022 peak Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P7Y
CY2023 peak Amortization Of Lease Up And Non Compete Agreement Intangibles Additional Expense
AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense
102249000 usd
CY2022 peak Amortization Of Lease Up And Non Compete Agreement Intangibles Additional Expense
AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense
104885000 usd
CY2021 peak Amortization Of Lease Up And Non Compete Agreement Intangibles Additional Expense
AmortizationOfLeaseUpAndNonCompeteAgreementIntangiblesAdditionalExpense
106106000 usd
CY2023 peak Amortization Of Below Market Lease Intangibles Net Additional Revenue
AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue
27012000 usd
CY2022 peak Amortization Of Below Market Lease Intangibles Net Additional Revenue
AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue
24640000 usd
CY2021 peak Amortization Of Below Market Lease Intangibles Net Additional Revenue
AmortizationOfBelowMarketLeaseIntangiblesNetAdditionalRevenue
20597000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
18000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
18000000 usd
CY2021 peak Number Of Bond Offerings
NumberOfBondOfferings
2 bond
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7024000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
803209000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1614523000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
950366000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
500000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3050000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6925122000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
48823000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
6876299000 usd
CY2023Q4 peak Number Of Lawsuits
NumberOfLawsuits
3 lawsuit
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
179651000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2100000 shares
CY2022Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.16
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56000000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
444000000 usd
CY2023Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
21245000 usd
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
30145000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1874000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
2011000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
19371000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
28134000 usd
CY2023 peak Defined Benefit Plan Number Of Plan Participants
DefinedBenefitPlanNumberOfPlanParticipants
1 plan_participant
CY2023 peak Number Of Redeemable Noncontrolling Interest Redemptions
NumberOfRedeemableNoncontrollingInterestRedemptions
3 interest
CY2023 peak Number Of Redeemable Noncontrolling Interests Redeemable Over Time
NumberOfRedeemableNoncontrollingInterestsRedeemableOverTime
1 interest
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
334757000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
513540000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
137728000 usd
CY2023 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
28748000 usd
CY2022 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
15975000 usd
CY2021 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
17851000 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
306009000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
497565000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
119877000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1725000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2657000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3269000 usd
CY2023 peak Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
304284000 usd
CY2022 peak Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
494908000 usd
CY2021 peak Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
116608000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2884000 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
388202000 usd
CY2023 peak Noncontrolling Interests Share In Discontinued Operations
NoncontrollingInterestsShareInDiscontinuedOperations
0 usd
CY2022 peak Noncontrolling Interests Share In Discontinued Operations
NoncontrollingInterestsShareInDiscontinuedOperations
0 usd
CY2021 peak Noncontrolling Interests Share In Discontinued Operations
NoncontrollingInterestsShareInDiscontinuedOperations
-2539000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
304284000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
304284000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
497792000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
497792000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
502271000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
502271000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
547006000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
538809000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
538930000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
269000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
338000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
310000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
1000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547275000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539147000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539241000 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.56
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.92
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.71
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.56
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.92
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.71
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2022 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Awards
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityAwards
1000000 shares
CY2021 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Awards
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityAwards
1000000 shares
CY2023 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Awards
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityAwards
1000000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Forward Agreements Not Yet Settled
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityForwardAgreementsNotYetSettled
9100000 shares
CY2021 peak Incremental Common Shares Attributableto Dilutive Effectof Equity Forward Agreements Settled
IncrementalCommonSharesAttributabletoDilutiveEffectofEquityForwardAgreementsSettled
9100000 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
10000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4000000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3000000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2022Q4 us-gaap Severance Costs1
SeveranceCosts1
10000000 usd
CY2023Q4 peak Number Of Facilities Owned By Unconsolidated Joint Venture
NumberOfFacilitiesOwnedByUnconsolidatedJointVenture
19 property
CY2023 us-gaap Revenues
Revenues
2181003000 usd
CY2023 peak Government Grant Income From Cares Act
GovernmentGrantIncomeFromCARESAct
184000 usd
CY2023 peak Interest Income Excluded From Adjusted Net Operating Income From Continuing Operations
InterestIncomeExcludedFromAdjustedNetOperatingIncomeFromContinuingOperations
21781000 usd
CY2023 peak Real Estate Revenues From Joint Venture Attributable To Parent
RealEstateRevenuesFromJointVentureAttributableToParent
95383000 usd
CY2023 peak Real Estate Revenues From Joint Venture Government Grant Income
RealEstateRevenuesFromJointVentureGovernmentGrantIncome
229000 usd
CY2023 peak Real Estate Revenues From Joint Venture Attributable To Noncontrolling Interest
RealEstateRevenuesFromJointVentureAttributableToNoncontrollingInterest
35692000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
902060000 usd
CY2023 peak Operating Expenses From Joint Venture Attributable To Parent Net
OperatingExpensesFromJointVentureAttributableToParentNet
66092000 usd
CY2023 peak Operating Expenses From Joint Venture Attributable To Noncontrolling Interest
OperatingExpensesFromJointVentureAttributableToNoncontrollingInterest
10077000 usd
CY2023 peak Non Cash Adjustments To Net Operating Income From Continuing Operations
NonCashAdjustmentsToNetOperatingIncomeFromContinuingOperations
-56264000 usd
CY2023 peak Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
1204987000 usd
CY2023 peak Reconciliation Of Operating Profit Loss From Segments To Consolidated Non Cash Adjustments
ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedNonCashAdjustments
56264000 usd
CY2023 us-gaap Interest Income Operating
InterestIncomeOperating
21781000 usd
CY2023 us-gaap Interest Expense
InterestExpense
200331000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
749901000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
95132000 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
17515000 usd
CY2023 peak Impairments And Allowance For Credit Loss Reserves Recoveries Net
ImpairmentsAndAllowanceForCreditLossReservesRecoveriesNet
-5601000 usd
CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
86463000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6808000 usd
CY2023 peak Interest Income Excluded From Adjusted Government Grant Income From Continuing Operations
InterestIncomeExcludedFromAdjustedGovernmentGrantIncomeFromContinuingOperations
-184000 usd
CY2023 peak Net Income Loss Joint Venture Partners Attributable To Parent
NetIncomeLossJointVenturePartnersAttributableToParent
-29520000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-25615000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
314936000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9617000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10204000 usd
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
334757000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2023 us-gaap Profit Loss
ProfitLoss
334757000 usd
CY2022 us-gaap Revenues
Revenues
2061178000 usd
CY2022 peak Government Grant Income From Cares Act
GovernmentGrantIncomeFromCARESAct
6765000 usd
CY2022 peak Interest Income Excluded From Adjusted Net Operating Income From Continuing Operations
InterestIncomeExcludedFromAdjustedNetOperatingIncomeFromContinuingOperations
23300000 usd
CY2022 peak Real Estate Revenues From Joint Venture Attributable To Parent
RealEstateRevenuesFromJointVentureAttributableToParent
86805000 usd
CY2022 peak Real Estate Revenues From Joint Venture Government Grant Income
RealEstateRevenuesFromJointVentureGovernmentGrantIncome
878000 usd
CY2022 peak Real Estate Revenues From Joint Venture Attributable To Noncontrolling Interest
RealEstateRevenuesFromJointVentureAttributableToNoncontrollingInterest
35985000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
862991000 usd
CY2022 peak Operating Expenses From Joint Venture Attributable To Parent Net
OperatingExpensesFromJointVentureAttributableToParentNet
61693000 usd
CY2022 peak Operating Expenses From Joint Venture Attributable To Noncontrolling Interest
OperatingExpensesFromJointVentureAttributableToNoncontrollingInterest
10404000 usd
CY2022 peak Non Cash Adjustments To Net Operating Income From Continuing Operations
NonCashAdjustmentsToNetOperatingIncomeFromContinuingOperations
-75798000 usd
CY2022 peak Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
1106263000 usd
CY2022 peak Reconciliation Of Operating Profit Loss From Segments To Consolidated Non Cash Adjustments
ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedNonCashAdjustments
75798000 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
23300000 usd
CY2022 us-gaap Interest Expense
InterestExpense
172944000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
710569000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
131033000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4853000 usd
CY2022 peak Impairments And Allowance For Credit Loss Reserves Recoveries Net
ImpairmentsAndAllowanceForCreditLossReservesRecoveriesNet
7004000 usd
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
9078000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
326268000 usd
CY2022 peak Interest Income Excluded From Adjusted Government Grant Income From Continuing Operations
InterestIncomeExcludedFromAdjustedGovernmentGrantIncomeFromContinuingOperations
-6765000 usd
CY2022 peak Net Income Loss Joint Venture Partners Attributable To Parent
NetIncomeLossJointVenturePartnersAttributableToParent
-25990000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-25581000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
507130000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4425000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1985000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
513540000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2884000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
516424000 usd
CY2021 us-gaap Revenues
Revenues
1896184000 usd
CY2021 peak Government Grant Income From Cares Act
GovernmentGrantIncomeFromCARESAct
1412000 usd
CY2021 peak Interest Income Excluded From Adjusted Net Operating Income From Continuing Operations
InterestIncomeExcludedFromAdjustedNetOperatingIncomeFromContinuingOperations
37773000 usd
CY2021 peak Real Estate Revenues From Joint Venture Attributable To Parent
RealEstateRevenuesFromJointVentureAttributableToParent
83377000 usd
CY2021 peak Real Estate Revenues From Joint Venture Government Grant Income
RealEstateRevenuesFromJointVentureGovernmentGrantIncome
1749000 usd
CY2021 peak Real Estate Revenues From Joint Venture Attributable To Noncontrolling Interest
RealEstateRevenuesFromJointVentureAttributableToNoncontrollingInterest
35655000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
773279000 usd
CY2021 peak Operating Expenses From Joint Venture Attributable To Parent Net
OperatingExpensesFromJointVentureAttributableToParentNet
61515000 usd
CY2021 peak Operating Expenses From Joint Venture Attributable To Noncontrolling Interest
OperatingExpensesFromJointVentureAttributableToNoncontrollingInterest
10158000 usd
CY2021 peak Non Cash Adjustments To Net Operating Income From Continuing Operations
NonCashAdjustmentsToNetOperatingIncomeFromContinuingOperations
-54513000 usd
CY2021 peak Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
1030145000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
325000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
509000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
134000000 usd
CY2021 peak Reconciliation Of Operating Profit Loss From Segments To Consolidated Non Cash Adjustments
ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedNonCashAdjustments
54513000 usd
CY2021 us-gaap Interest Income Operating
InterestIncomeOperating
37773000 usd
CY2021 us-gaap Interest Expense
InterestExpense
157980000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
684286000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
98303000 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1841000 usd
CY2021 peak Impairments And Allowance For Credit Loss Reserves Recoveries Net
ImpairmentsAndAllowanceForCreditLossReservesRecoveriesNet
23160000 usd
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
190590000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-225824000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6266000 usd
CY2021 peak Interest Income Excluded From Adjusted Government Grant Income From Continuing Operations
InterestIncomeExcludedFromAdjustedGovernmentGrantIncomeFromContinuingOperations
-1412000 usd
CY2021 peak Net Income Loss Joint Venture Partners Attributable To Parent
NetIncomeLossJointVenturePartnersAttributableToParent
-23611000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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CashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
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RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
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CY2022Q4 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
54802000 usd
CY2021Q4 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
53454000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169023000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211741000 usd
CY2023Q4 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022Q4 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2021Q4 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7707000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
169023000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
219448000 usd
CY2023 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
18000000 usd
CY2021 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
39000000 usd
CY2023Q4 peak Refundable Entrance Fees Current And Noncurrent
RefundableEntranceFeesCurrentAndNoncurrent
251874000 usd
CY2022Q4 peak Refundable Entrance Fees Current And Noncurrent
RefundableEntranceFeesCurrentAndNoncurrent
268972000 usd
CY2023Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
105572000 usd
CY2022Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
178626000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
59492000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
59291000 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
240258000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
265596000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
657196000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
772485000 usd
CY2023Q4 peak Nonrefundable Entrance Fees
NonrefundableEntranceFees
562026000 usd
CY2022Q4 peak Nonrefundable Entrance Fees
NonrefundableEntranceFees
518573000 usd
CY2023Q4 peak Other Deferred Revenue
OtherDeferredRevenue
343607000 usd
CY2022Q4 peak Other Deferred Revenue
OtherDeferredRevenue
325503000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
905633000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
844076000 usd
CY2023 peak Proceeds From Nonrefundable Entrance Fees
ProceedsFromNonrefundableEntranceFees
127000000 usd
CY2022 peak Proceeds From Nonrefundable Entrance Fees
ProceedsFromNonrefundableEntranceFees
101000000 usd
CY2023 peak Amortization Of Nonrefundable Entrance Fee
AmortizationOfNonrefundableEntranceFee
83000000 usd
CY2022 peak Amortization Of Nonrefundable Entrance Fee
AmortizationOfNonrefundableEntranceFee
79000000 usd
CY2021 peak Amortization Of Nonrefundable Entrance Fee
AmortizationOfNonrefundableEntranceFee
76000000 usd
CY2023 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
68000000 usd
CY2022 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
44000000 usd
CY2023Q4 peak Real Estate Federal Income Tax Basis Less Than Reported Net Assets
RealEstateFederalIncomeTaxBasisLessThanReportedNetAssets
900000000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Life Used For Depreciation1
RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1
P50Y
CY2023 peak Sec Schedule Iii Real Estate Accumulated Depreciation Deconsolidation
SECScheduleIIIRealEstateAccumulatedDepreciationDeconsolidation
0 usd
CY2022 peak Sec Schedule Iii Real Estate Accumulated Depreciation Deconsolidation
SECScheduleIIIRealEstateAccumulatedDepreciationDeconsolidation
89766000 usd
CY2021 peak Sec Schedule Iii Real Estate Accumulated Depreciation Deconsolidation
SECScheduleIIIRealEstateAccumulatedDepreciationDeconsolidation
0 usd
CY2023Q4 srt Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
0 usd
CY2023Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
178678000 usd
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
175717000 usd
CY2023Q4 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
0 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
341749000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
390291000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
157572000 usd
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
0 usd
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
0 usd
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
310338000 usd
CY2023 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
11602000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
5525000 usd
CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
9370000 usd
CY2023 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Increase
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodIncrease
11602000 usd
CY2022 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Increase
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodIncrease
5525000 usd
CY2021 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Increase
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodIncrease
319708000 usd
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
183084000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
47591000 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
84486000 usd
CY2023 peak Reserve For Loan Losses
ReserveForLoanLosses
-5450000 usd
CY2022 peak Reserve For Loan Losses
ReserveForLoanLosses
6476000 usd
CY2021 peak Reserve For Loan Losses
ReserveForLoanLosses
2503000 usd
CY2023 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Decrease
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodDecrease
177634000 usd
CY2022 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Decrease
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodDecrease
54067000 usd
CY2021 peak Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Period Decrease
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstatePeriodDecrease
86989000 usd
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
175717000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
341749000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
390291000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
34

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