2018 Q2 Form 10-Q Financial Statement

#000152611318000009 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $70.97M $64.99M
YoY Change 9.21% 22.16%
Cost Of Revenue $7.138M $5.713M
YoY Change 24.94% -32.79%
Gross Profit $63.83M $59.27M
YoY Change 7.69% 32.6%
Gross Profit Margin 89.94% 91.21%
Selling, General & Admin $2.530M -$180.0K
YoY Change -1505.56% -109.23%
% of Gross Profit 3.96% -0.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.80M $27.50M
YoY Change 8.36% 15.55%
% of Gross Profit 46.68% 46.4%
Operating Expenses $48.81M $41.54M
YoY Change 17.49% 21.15%
Operating Profit $18.35M $23.45M
YoY Change -21.75% 24.01%
Interest Expense $14.42M $11.63M
YoY Change 23.9% 9.4%
% of Operating Profit 78.58% 49.62%
Other Income/Expense, Net -$9.402M -$17.74M
YoY Change -46.99% 597.13%
Pretax Income $8.943M $5.710M
YoY Change 56.62% -65.1%
Income Tax $1.200M $510.0K
% Of Pretax Income 13.42% 8.93%
Net Earnings $7.743M $5.200M
YoY Change 48.9% -67.01%
Net Earnings / Revenue 10.91% 8.0%
Basic Earnings Per Share
Diluted Earnings Per Share $115.0K $78.02K
COMMON SHARES
Basic Shares Outstanding 67.29M shares 66.45M shares
Diluted Shares Outstanding 67.29M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.30M $67.40M
YoY Change 38.43% 66.42%
Cash & Equivalents $93.33M $67.41M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $138.3M $106.9M
YoY Change 29.37% 56.98%
LONG-TERM ASSETS
Property, Plant & Equipment $2.882B $2.762B
YoY Change 4.35% 18.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.700M $7.100M
YoY Change 36.62% 10.94%
Total Long-Term Assets $2.973B $2.826B
YoY Change 5.19% 19.33%
TOTAL ASSETS
Total Short-Term Assets $138.3M $106.9M
Total Long-Term Assets $2.973B $2.826B
Total Assets $3.111B $2.933B
YoY Change 6.07% 20.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.20M $23.20M
YoY Change 17.24% 28.89%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.30M $32.00M
YoY Change 0.94% 41.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.659B $1.495B
YoY Change 10.98% 26.64%
Other Long-Term Liabilities $55.50M $63.10M
YoY Change -12.04% 7.86%
Total Long-Term Liabilities $1.715B $1.558B
YoY Change 10.04% 25.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.30M $32.00M
Total Long-Term Liabilities $1.715B $1.558B
Total Liabilities $1.762B $1.605B
YoY Change 9.79% 26.82%
SHAREHOLDERS EQUITY
Retained Earnings -$532.6M -$404.2M
YoY Change 31.76% 30.14%
Common Stock $2.003M $2.003M
YoY Change 0.0% 18.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.349B $1.325B
YoY Change
Total Liabilities & Shareholders Equity $3.111B $2.933B
YoY Change 6.07% 20.39%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $7.743M $5.200M
YoY Change 48.9% -67.01%
Depreciation, Depletion And Amortization $29.80M $27.50M
YoY Change 8.36% 15.55%
Cash From Operating Activities $30.30M $36.20M
YoY Change -16.3% 13.84%
INVESTING ACTIVITIES
Capital Expenditures -$116.4M -$100.0K
YoY Change 116300.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $19.40M $0.00
YoY Change
Cash From Investing Activities -$97.10M -$200.0K
YoY Change 48450.0% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 58.50M -42.70M
YoY Change -237.0% 19.94%
NET CHANGE
Cash From Operating Activities 30.30M 36.20M
Cash From Investing Activities -97.10M -200.0K
Cash From Financing Activities 58.50M -42.70M
Net Change In Cash -8.300M -6.700M
YoY Change 23.88% 71.79%
FREE CASH FLOW
Cash From Operating Activities $30.30M $36.20M
Capital Expenditures -$116.4M -$100.0K
Free Cash Flow $146.7M $36.30M
YoY Change 304.13% 13.79%

Facts In Submission

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CY2017Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
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629626000 USD
CY2018Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
642472000 USD
CY2018Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
315300000 USD
CY2018Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
138500000 GBP
CY2018Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
419200000 EUR
CY2018Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
358768000 EUR
CY2018Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
104837000 GBP
CY2018Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.32
CY2018Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.17
CY2017Q2 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
30000 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
100000 USD
CY2018Q2 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-45822 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-89235 USD
CY2017Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-2990000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3460000 USD
CY2018Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
6333000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
3398000 USD
CY2017Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Ineffectiveness
GainLossOnForeignCurrencyFairValueHedgeIneffectiveness
-3000000 USD
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Ineffectiveness
GainLossOnForeignCurrencyFairValueHedgeIneffectiveness
-3900000 USD
us-gaap Gain Loss On Sale Of Properties
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814000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-3818000 USD
CY2018Q2 us-gaap Gain On Business Interruption Insurance Recovery
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1000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
80000 USD
CY2017Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
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-143000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
814000 USD
CY2018Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3818000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3818000 USD
CY2017Q2 us-gaap General And Administrative Expense
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2053000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3823000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2556000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4607000 USD
CY2018Q2 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2017Q4 us-gaap Incentive To Lessee
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42739000 USD
CY2018Q2 us-gaap Incentive To Lessee
IncentiveToLessee
45027000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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5710000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14066000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8943000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14825000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
510000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1416000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2270000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
3109000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2812000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
99000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7800000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1693000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-542000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2435000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-1845000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2616000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7358000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
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22771000 USD
CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22443000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
11634000 USD
us-gaap Interest Expense
InterestExpense
23165000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
14415000 USD
us-gaap Interest Expense
InterestExpense
27390000 USD
us-gaap Interest Paid
InterestPaid
20741000 USD
us-gaap Interest Paid
InterestPaid
24981000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2138405000 USD
CY2018Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2219486000 USD
CY2017Q4 us-gaap Land
Land
402318000 USD
CY2018Q2 us-gaap Land
Land
408178000 USD
CY2017Q4 us-gaap Liabilities
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1624352000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
1762488000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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3038595000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3111085000 USD
CY2017Q4 us-gaap Line Of Credit
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298909000 USD
CY2018Q2 us-gaap Line Of Credit
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458880000 USD
CY2017Q2 us-gaap Loss From Catastrophes
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500000 USD
us-gaap Loss From Catastrophes
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500000 USD
us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
22691 USD
CY2017Q4 us-gaap Minority Interest
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1077000 USD
CY2018Q2 us-gaap Minority Interest
MinorityInterest
0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
158000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57965000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92372000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18391000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-168068000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68916000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69688000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12629000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5288000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7649000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5015000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12259000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5262000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7439000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-17735000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-29654000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11935000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-27877000 USD
us-gaap Number Of Businesses Acquired
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3 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
13 property
CY2018Q2 us-gaap Number Of Real Estate Properties
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333 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
41541000 USD
us-gaap Operating Expenses
OperatingExpenses
84103000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
50093000 USD
us-gaap Operating Expenses
OperatingExpenses
96355000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
23445000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
43720000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
20878000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
42702000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
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49057000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1399000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1399000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1399000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1399000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2108423000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
253036000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
262429000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
261743000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
258324000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
127817000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
700000 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000 USD
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
700000 USD
CY2017Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
2000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
8000 USD
CY2018Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
14000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
15000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1618000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3229000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1401000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
5747000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9097000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10800000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-16878000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6078000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10715000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14029000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15477000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-331000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
24551000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
561000 USD
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
100000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
70759000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
71661000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
415000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
158000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4906000 USD
us-gaap Payments Of Financing Costs
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967000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
30290000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
161786000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
541000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
546000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
146200000 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2455000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4906000 USD
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
16670000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
54000 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
54000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
22617000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
51156000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
3853000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18333000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-72000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-219000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
75335000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
192000000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
30300000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12440000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12400000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
19376000 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
32750000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
5200000 USD
us-gaap Profit Loss
ProfitLoss
12650000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
7743000 USD
us-gaap Profit Loss
ProfitLoss
12555000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
593000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
104000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
339931000 USD
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
391269000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3172677000 USD
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3273106000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
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2832746000 USD
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2881837000 USD
us-gaap Repayments Of Assumed Debt
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56537000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
us-gaap Repayments Of Lines Of Credit
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5050000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
21758000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25362000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents
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5139000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5302000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2873000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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-468396000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-532566000 USD
CY2017Q2 us-gaap Revenues
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64986000 USD
us-gaap Revenues
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127823000 USD
CY2018Q2 us-gaap Revenues
Revenues
70971000 USD
us-gaap Revenues
Revenues
139057000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
984876000 USD
CY2018Q2 us-gaap Secured Debt
SecuredDebt
975929000 USD
us-gaap Share Based Compensation
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-2219000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-855000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-72000 USD
CY2017Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-2235000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-2219000 USD
CY2018Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-23000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-855000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1413166000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1348597000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1414243000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1348597000 USD
us-gaap Straight Line Rent
StraightLineRent
6917000 USD
us-gaap Straight Line Rent
StraightLineRent
3336000 USD
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2475000 USD
CY2018Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1933000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
229905000 USD
CY2018Q2 us-gaap Unsecured Debt
UnsecuredDebt
224510000 USD
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
66652221 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
66461663 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
67292021 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
67289639 shares
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease agreement and are reported on a straight-line basis over the initial term of the lease. Since many of the Company's leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. For new leases after acquisition, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. </font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant&#8217;s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations. </font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Judgments and Estimates</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company regularly makes a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses in order to prepare its consolidated financial statements in conformity with GAAP. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, such as the prevailing economic and business environment. The Company adjusts such estimates when facts and circumstances dictate. The most significant estimates the Company makes include recoverability of accounts receivable, allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed, determination of impairment of long-lived assets, valuation of derivative financial instruments, valuation of compensation plans, and estimating the useful life of a long-lived asset. Actual results could differ materially from those estimated. </font></div></div>

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