2024 Q2 Form 10-Q Financial Statement

#000136060424000045 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $316.3M $326.8M
YoY Change -6.45% -1.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $178.1M
YoY Change -3.45%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $61.05M
YoY Change -4.24%
% of Operating Profit
Other Income/Expense, Net -$156.6M -$327.6M
YoY Change 38.84% 247.06%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$143.8M -$310.8M
YoY Change 72.51% 256.77%
Net Earnings / Revenue -45.45% -95.11%
Basic Earnings Per Share -$0.39 -$0.82
Diluted Earnings Per Share -$0.39 -$0.82
COMMON SHARES
Basic Shares Outstanding 378.5M shares 381.2M shares
Diluted Shares Outstanding 372.5M shares 379.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $41.77M $26.17M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $0.00 $0.00
YoY Change -100.0% -100.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $11.80B $12.28B
YoY Change -11.88% -9.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $5.829B $5.774B
YoY Change -6.21% -5.38%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $9.344B $9.613B
YoY Change -2.66% 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.887B $6.416B
YoY Change
Total Liabilities & Shareholders Equity $11.80B $12.28B
YoY Change -11.88% -9.49%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$143.8M -$310.8M
YoY Change 72.51% 256.77%
Depreciation, Depletion And Amortization $178.1M
YoY Change -3.45%
Cash From Operating Activities $76.15M
YoY Change 10.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$58.56M
YoY Change -240.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$17.12M
YoY Change -85.94%
NET CHANGE
Cash From Operating Activities $76.15M
Cash From Investing Activities -$58.56M
Cash From Financing Activities -$17.12M
Net Change In Cash $473.0K
YoY Change -104.29%
FREE CASH FLOW
Cash From Operating Activities $76.15M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3824000 usd
CY2024Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
746000 usd
CY2023Q1 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
302000 usd
CY2024Q1 hr Proceeds From Contributions From Redeemable Noncontrolling Interests
ProceedsFromContributionsFromRedeemableNoncontrollingInterests
13000 usd
CY2023Q1 hr Proceeds From Contributions From Redeemable Noncontrolling Interests
ProceedsFromContributionsFromRedeemableNoncontrollingInterests
0 usd
CY2024Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
226000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
149171000 usd
CY2024Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
277000 usd
CY2023Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
336000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58561000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
41560000 usd
CY2024Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
120000000 usd
CY2024Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
17326000 usd
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
667000 usd
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118269000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118052000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
104000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
318000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1729000 usd
CY2024Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1199000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1272000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
110000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
101000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17118000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121770000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
473000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11020000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25699000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60961000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26172000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49941000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
73518000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
75082000 usd
CY2024Q1 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
0 usd
CY2023Q1 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
45000000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
35777000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
28138000 usd
CY2024Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
942000 usd
CY2023Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
570000 usd
CY2024Q1 hr Investment In Real Estate Properties And Mortgage Notes
InvestmentInRealEstatePropertiesAndMortgageNotes
13400000000 usd
CY2024Q1 hr Number Of Real Estate Investments
NumberOfRealEstateInvestments
654 property
CY2024Q1 hr Real Estate Investments Property Owned In Number Of States
RealEstateInvestmentsPropertyOwnedInNumberOfStates
35 state
CY2024Q1 hr Approximate Square Feet Invested In By Company
ApproximateSquareFeetInvestedInByCompany
38400000 sqft
CY2024Q1 hr Leasing And Property Management Services Provided As Percentage Of Nationwide Portfolio
LeasingAndPropertyManagementServicesProvidedAsPercentageOfNationwidePortfolio
0.92
CY2024Q1 hr Number Of Properties Held In Unconsolidated Joint Ventures
NumberOfPropertiesHeldInUnconsolidatedJointVentures
33 property
CY2024Q1 hr Equity Ownership For Consolidation Percent
EquityOwnershipForConsolidationPercent
1
CY2024Q1 hr Number Of Variable Interest Entities
NumberOfVariableInterestEntities
4 variable_interest_entity
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Gotham Medium',sans-serif;font-size:7.75pt;font-style:italic;font-weight:700;line-height:130%">Use of Estimates in the Condensed Consolidated Financial Statements</span></div><span style="color:#000000;font-family:'Century',serif;font-size:9pt;font-weight:400;line-height:140%">Preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates.</span>
CY2024Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
3900000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
15900000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
250500000 usd
CY2024Q1 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
122001000 usd
CY2024Q1 hr Real Estate Notes Receivable Net
RealEstateNotesReceivableNet
174400000 usd
CY2024Q1 hr Notes Receivable Maximum Loan Commitment
NotesReceivableMaximumLoanCommitment
214969000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
182901000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
5196000 usd
CY2024Q1 us-gaap Financing Receivable Covered And Not Covered After Allowance For Credit Loss Fee Premium And Discount
FinancingReceivableCoveredAndNotCoveredAfterAllowanceForCreditLossFeePremiumAndDiscount
3258000 usd
CY2024Q1 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
174447000 usd
CY2023Q1 hr Financing Receivable Allowance For Credit Loss Reserves
FinancingReceivableAllowanceForCreditLossReserves
5200000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
5196000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2024Q1 hr Financing Receivable Allowance For Credit Loss Reserves
FinancingReceivableAllowanceForCreditLossReserves
0 usd
CY2023 hr Financing Receivable Allowance For Credit Loss Reserves
FinancingReceivableAllowanceForCreditLossReserves
5196000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
5196000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
5196000 usd
CY2024Q1 hr Number Of Recognized Lease Financial Receivables
NumberOfRecognizedLeaseFinancialReceivables
2 financing_receivable
CY2024Q1 us-gaap Sales Type Lease Interest Income Lease Receivable
SalesTypeLeaseInterestIncomeLeaseReceivable
2100000 usd
CY2023Q4 hr Number Of Real Estate Notes Receivable
NumberOfRealEstateNotesReceivable
2 financing_receivable
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
48900000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4191000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4618000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
388000 usd
CY2024Q1 hr Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
2 property
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
318100000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
324100000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
680129000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
831775000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
734080000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
611277000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
497470000 usd
CY2024Q1 hr Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
1665663000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5020394000 usd
CY2024Q1 hr Square Feet Subjectto Ground Leases
SquareFeetSubjecttoGroundLeases
16900000 sqft
CY2024Q1 hr Numberof Ground Leases Prepaid
NumberofGroundLeasesPrepaid
75 lease
CY2023Q1 hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
300000 usd
CY2024Q1 hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
300000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
937000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
918000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
7017000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
8549000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4040000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5960000 usd
CY2024Q1 hr Numberof Ground Leases Excluding Prepaid Leases
NumberofGroundLeasesExcludingPrepaidLeases
156 lease
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8760000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1523000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12415000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2218000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12503000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2255000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12689000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2294000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12809000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2326000 usd
CY2024Q1 hr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
698464000 usd
CY2024Q1 hr Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
394072000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
757640000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
404688000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
528417000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
329919000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
229223000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
74769000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4465000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5107000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1228000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2136000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
387000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
563000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
553000 usd
CY2024Q1 hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
110000 usd
CY2023Q1 hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
101000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P45Y9M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P47Y4M24D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P57Y8M12D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P58Y8M12D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
5108279000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4994859000 usd
CY2024Q1 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
15 derivative
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
19611000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-8541000 usd
CY2024Q1 hr Derivative Net Asset Position Aggregate Fair Value
DerivativeNetAssetPositionAggregateFairValue
7600000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
381335208 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
380796773 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1880401 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1956353 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
379454807 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378840420 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
379454807 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378840420 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2024Q1 hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
CY2023Q1 hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
CY2024Q1 hr Incremental Common Shares Attributable To Dilutive Effect Of Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
0 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
379454807 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
378840420 shares
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-315220000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-88078000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
693000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
625000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4384000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-953000 usd
CY2024Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-1341000 usd
CY2023Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-16000 usd
CY2024Q1 hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
-312870000 usd
CY2023Q1 hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
-87766000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2024Q1 hr Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized Remainder Of Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostNotYetRecognizedRemainderOfFiscalYear
11500000 usd
CY2024Q1 hr Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized Next Twelve Months
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostNotYetRecognizedNextTwelveMonths
13300000 usd
CY2024Q1 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized Year Two
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedYearTwo
10600000 usd
CY2024Q1 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized Year Three
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedYearThree
5700000 usd
CY2024Q1 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized After Year Four
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedAfterYearFour
2800000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43900000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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