2018 Q3 Form 10-Q Financial Statement

#000152611318000011 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $71.92M $64.87M
YoY Change 10.87% 21.82%
Cost Of Revenue $6.956M $6.390M
YoY Change 8.86% -29.47%
Gross Profit $64.97M $58.48M
YoY Change 11.09% 32.34%
Gross Profit Margin 90.33% 90.15%
Selling, General & Admin $5.270M $2.080M
YoY Change 153.37% -30.9%
% of Gross Profit 8.11% 3.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.30M $29.90M
YoY Change 1.34% 27.23%
% of Gross Profit 46.64% 51.13%
Operating Expenses $50.56M $46.38M
YoY Change 8.99% 21.96%
Operating Profit $19.44M $18.49M
YoY Change 5.14% 21.46%
Interest Expense $15.10M $12.48M
YoY Change 21.04% 39.99%
% of Operating Profit 77.71% 67.51%
Other Income/Expense, Net -$16.27M -$15.24M
YoY Change 6.79% 164.75%
Pretax Income $3.162M $3.247M
YoY Change -2.62% -65.69%
Income Tax $530.0K $760.0K
% Of Pretax Income 16.76% 23.41%
Net Earnings $2.632M $2.487M
YoY Change 5.83% -72.19%
Net Earnings / Revenue 3.66% 3.83%
Basic Earnings Per Share
Diluted Earnings Per Share $37.87K $37.00K
COMMON SHARES
Basic Shares Outstanding 69.44M shares 67.29M shares
Diluted Shares Outstanding 69.44M shares 67.29M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.2M $71.30M
YoY Change 117.67% 41.75%
Cash & Equivalents $155.2M $71.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $201.4M $112.3M
YoY Change 79.34% 40.55%
LONG-TERM ASSETS
Property, Plant & Equipment $2.937B $2.783B
YoY Change 5.54% 23.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.40M $14.40M
YoY Change -20.83% 44.0%
Total Long-Term Assets $3.016B $2.841B
YoY Change 6.15% 22.12%
TOTAL ASSETS
Total Short-Term Assets $201.4M $112.3M
Total Long-Term Assets $3.016B $2.841B
Total Assets $3.217B $2.953B
YoY Change 8.93% 22.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.40M $24.60M
YoY Change 7.32% 43.86%
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 $30.70M $33.10M
YoY Change -7.25% 54.67%
LONG-TERM LIABILITIES
Long-Term Debt $1.713B $1.440B
YoY Change 18.96% 22.64%
Other Long-Term Liabilities $52.40M $63.50M
YoY Change -17.48% 13.19%
Total Long-Term Liabilities $1.765B $1.503B
YoY Change 17.43% 22.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.70M $33.10M
Total Long-Term Liabilities $1.765B $1.503B
Total Liabilities $1.811B $1.552B
YoY Change 16.72% 23.6%
SHAREHOLDERS EQUITY
Retained Earnings -$569.4M -$438.0M
YoY Change 30.02% 32.01%
Common Stock $2.051M $2.003M
YoY Change 2.4% 17.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.404B $1.399B
YoY Change
Total Liabilities & Shareholders Equity $3.217B $2.953B
YoY Change 8.93% 22.74%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $2.632M $2.487M
YoY Change 5.83% -72.19%
Depreciation, Depletion And Amortization $30.30M $29.90M
YoY Change 1.34% 27.23%
Cash From Operating Activities $32.40M $33.60M
YoY Change -3.57% 11.63%
INVESTING ACTIVITIES
Capital Expenditures -$86.90M -$7.500M
YoY Change 1058.67%
Acquisitions
YoY Change
Other Investing Activities $3.900M $10.70M
YoY Change -63.55% -20.15%
Cash From Investing Activities -$82.90M $3.100M
YoY Change -2774.19% -76.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 113.0M -34.60M
YoY Change -426.59% 3.28%
NET CHANGE
Cash From Operating Activities 32.40M 33.60M
Cash From Investing Activities -82.90M 3.100M
Cash From Financing Activities 113.0M -34.60M
Net Change In Cash 62.50M 2.100M
YoY Change 2876.19% -79.0%
FREE CASH FLOW
Cash From Operating Activities $32.40M $33.60M
Capital Expenditures -$86.90M -$7.500M
Free Cash Flow $119.3M $41.10M
YoY Change 190.27% 36.54%

Facts In Submission

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CY2018Q3 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
782000 USD
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.21
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4684000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5533000 USD
CY2018Q3 us-gaap Escrow Deposit
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3800000 USD
CY2017Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
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629626000 USD
CY2018Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
656361000 USD
CY2018Q3 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
373000000 USD
CY2018Q3 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
349881000 EUR
CY2018Q3 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
92213000 GBP
CY2017Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.20
CY2017Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.35
CY2018Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.30
CY2018Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.16
CY2017Q3 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
46000 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
100000 USD
CY2018Q3 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
107333 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
20699 USD
CY2017Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3125000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-6585000 USD
CY2018Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1290000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4688000 USD
CY2017Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Ineffectiveness
GainLossOnForeignCurrencyFairValueHedgeIneffectiveness
100000 USD
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Ineffectiveness
GainLossOnForeignCurrencyFairValueHedgeIneffectiveness
-3800000 USD
us-gaap Gain Loss On Sale Of Properties
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1089000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-5751000 USD
CY2017Q3 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
305000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
49000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2612000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3897000 USD
CY2017Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
275000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1089000 USD
CY2018Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-1933000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-5751000 USD
CY2017Q3 us-gaap General And Administrative Expense
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2468000 USD
CY2018Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2017Q4 us-gaap Incentive To Lessee
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42739000 USD
CY2018Q3 us-gaap Incentive To Lessee
IncentiveToLessee
46227000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3247000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17313000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3162000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17987000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
760000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2176000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
530000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4438000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4350000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1276000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6237000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2262000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1550000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2082000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-1277000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3819000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11962000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22771000 USD
CY2018Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22357000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
12479000 USD
us-gaap Interest Expense
InterestExpense
35644000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
15104000 USD
us-gaap Interest Expense
InterestExpense
42494000 USD
us-gaap Interest Paid Net
InterestPaidNet
32380000 USD
us-gaap Interest Paid Net
InterestPaidNet
37766000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2138405000 USD
CY2018Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2289697000 USD
CY2017Q4 us-gaap Land
Land
402318000 USD
CY2018Q3 us-gaap Land
Land
411339000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1624352000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
1811112000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3038595000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3217058000 USD
CY2017Q4 us-gaap Line Of Credit
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298909000 USD
CY2018Q3 us-gaap Line Of Credit
LineOfCredit
455556000 USD
us-gaap Loss From Catastrophes
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195000 USD
CY2018Q3 us-gaap Loss From Catastrophes
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31000 USD
CY2018Q3 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
90899 USD
us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
116572 USD
CY2017Q4 us-gaap Minority Interest
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1077000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
1923000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-92646000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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204107000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15251000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-251019000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
102500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
103397000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2104000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14733000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7826000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1918000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14177000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-139000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7300000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15239000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44893000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-18207000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-47369000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
17 property
CY2018Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
336 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
46384000 USD
us-gaap Operating Expenses
OperatingExpenses
130487000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
50555000 USD
us-gaap Operating Expenses
OperatingExpenses
145625000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
18486000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
62206000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
21369000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
65356000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
48382000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1390000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1390000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1390000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1390000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2136403000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
258975000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
268287000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
267518000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
264029000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
65414000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
347000 USD
CY2017Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1000000 USD
CY2018Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1100000 USD
CY2017Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
3000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
11000 USD
CY2018Q3 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
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
3000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
18000 USD
CY2018Q3 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
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2710000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
5939000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1721000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
7468000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9103000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
19903000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3735000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9813000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11813000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
25842000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2014000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2345000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
44000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
67000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
3775000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
561000 USD
CY2017Q3 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
100000 USD
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
100000 USD
us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
0 USD
us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
200000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2398000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
106593000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
108352000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
574000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
448000 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
7357000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12539000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6200000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
37113000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
267379000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1203000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2614000 USD
CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
383000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
383000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2455000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7361000 USD
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
16670000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
54000 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
54000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
22617000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
34395000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
5138000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
10625000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18542000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
94149000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
96348000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-247000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
225000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
60706000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
571203000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
247000000 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
23310000 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
332424000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
2487000 USD
us-gaap Profit Loss
ProfitLoss
15137000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
2632000 USD
us-gaap Profit Loss
ProfitLoss
15187000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1150000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
184000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
339931000 USD
CY2018Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
420913000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3172677000 USD
CY2018Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3357924000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2832746000 USD
CY2018Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2937011000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
56537000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
810798000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
87375000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
21836000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
317595000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5314000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5302000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3491000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-468396000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-569448000 USD
CY2017Q3 us-gaap Revenues
Revenues
64870000 USD
us-gaap Revenues
Revenues
192693000 USD
CY2018Q3 us-gaap Revenues
Revenues
71924000 USD
us-gaap Revenues
Revenues
210981000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
984876000 USD
CY2018Q3 us-gaap Secured Debt
SecuredDebt
974515000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-2610000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1198000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
94149000 USD
CY2017Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-391000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-2610000 USD
CY2018Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2053000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1198000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1413166000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1404023000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1414243000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1405946000 USD
us-gaap Straight Line Rent
StraightLineRent
8987000 USD
us-gaap Straight Line Rent
StraightLineRent
4828000 USD
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2475000 USD
CY2018Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
925000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
229905000 USD
CY2018Q3 us-gaap Unsecured Debt
UnsecuredDebt
282463000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67286615 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66739723 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69441639 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68417253 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67286615 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66739723 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69441639 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68014855 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1499000 USD
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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