2017 Q4 Form 10-K Financial Statement

#000130774818000032 Filed on March 07, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $64.52M $59.79M $59.83M
YoY Change 7.91% -14.47% -8.31%
Cost Of Revenue $17.70M $17.30M $16.30M
YoY Change 2.31% -5.46% -11.89%
Gross Profit $46.90M $42.50M $43.50M
YoY Change 10.35% -19.05% -8.81%
Gross Profit Margin 72.69% 71.08% 72.7%
Selling, General & Admin $10.00M $13.70M $12.00M
YoY Change -27.01% -20.35% -22.08%
% of Gross Profit 21.32% 32.24% 27.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.60M $22.20M $21.40M
YoY Change 15.32% -43.8% -42.63%
% of Gross Profit 54.58% 52.24% 49.2%
Operating Expenses $35.50M $34.70M $52.22M
YoY Change 2.31% -11.93% -64.75%
Operating Profit $11.40M $7.800M $7.613M
YoY Change 46.15% -40.46% -109.29%
Interest Expense $6.000M $3.600M $10.15M
YoY Change 66.67% -133.03% -30.85%
% of Operating Profit 52.63% 46.15% 133.35%
Other Income/Expense, Net $400.0K $1.200M $677.0K
YoY Change -66.67% -87.23% -52.16%
Pretax Income $8.700M $24.30M $28.73M
YoY Change -64.2% 7.52% -128.99%
Income Tax $400.0K -$300.0K $286.0K
% Of Pretax Income 4.6% -1.23% 1.0%
Net Earnings $3.811M $26.29M $37.32M
YoY Change -85.51% -15.78% -139.02%
Net Earnings / Revenue 5.91% 43.98% 62.37%
Basic Earnings Per Share
Diluted Earnings Per Share $0.04 $0.30 $0.43
COMMON SHARES
Basic Shares Outstanding 773.5M shares 862.2M shares 862.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.5M $581.1M $760.6M
YoY Change -71.18% 52.64% 73.81%
Cash & Equivalents $162.7M $397.3M $578.7M
Short-Term Investments $4.758M $183.9M $181.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $31.00M $29.00M $28.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $194.0M $426.0M $607.0M
YoY Change -54.46% 82.83% 106.46%
LONG-TERM ASSETS
Property, Plant & Equipment $2.173B $1.830B $1.839B
YoY Change 18.74% -1.93% -45.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $186.0M $363.0M $361.0M
YoY Change -48.76% 1.97% -1.9%
Other Assets $32.00M $96.00M $51.00M
YoY Change -66.67% -94.33% -30.14%
Total Long-Term Assets $2.505B $2.361B $2.322B
YoY Change 6.09% -40.56% -40.45%
TOTAL ASSETS
Total Short-Term Assets $194.0M $426.0M $607.0M
Total Long-Term Assets $2.505B $2.361B $2.322B
Total Assets $2.699B $2.787B $2.929B
YoY Change -3.16% -33.73% -30.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.00M $38.00M $41.00M
YoY Change 0.0% -19.15% -57.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $51.00M $51.00M $56.00M
YoY Change 0.0% -32.0% -54.84%
LONG-TERM LIABILITIES
Long-Term Debt $668.0M $671.0M $653.0M
YoY Change -0.45% -38.72% -64.7%
Other Long-Term Liabilities $74.00M $115.0M $59.00M
YoY Change -35.65% -87.02% -14.49%
Total Long-Term Liabilities $742.0M $786.0M $712.0M
YoY Change -5.6% -60.32% -62.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.00M $51.00M $56.00M
Total Long-Term Liabilities $742.0M $786.0M $712.0M
Total Liabilities $792.9M $837.2M $768.1M
YoY Change -5.3% -59.28% -62.39%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $773.0K $773.0K $862.0K
YoY Change 0.0% -10.32% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.906B $1.950B $2.161B
YoY Change
Total Liabilities & Shareholders Equity $2.699B $2.787B $2.929B
YoY Change -3.16% -33.73% -30.15%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $3.811M $26.29M $37.32M
YoY Change -85.51% -15.78% -139.02%
Depreciation, Depletion And Amortization $25.60M $22.20M $21.40M
YoY Change 15.32% -43.8% -42.63%
Cash From Operating Activities $23.30M $25.30M $11.20M
YoY Change -7.91% -50.29% -79.82%
INVESTING ACTIVITIES
Capital Expenditures $21.50M $68.40M $67.90M
YoY Change -68.57% -72.01% 160.15%
Acquisitions
YoY Change
Other Investing Activities $69.00M $42.40M $145.3M
YoY Change 62.74% -71.0% 253.53%
Cash From Investing Activities $47.60M -$25.90M $77.30M
YoY Change -283.78% -73.63% 415.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.00M -180.9M -322.7M
YoY Change -91.16% 6600.0% -3007.21%
NET CHANGE
Cash From Operating Activities 23.30M 25.30M 11.20M
Cash From Investing Activities 47.60M -25.90M 77.30M
Cash From Financing Activities -16.00M -180.9M -322.7M
Net Change In Cash 54.90M -181.5M -234.2M
YoY Change -130.25% 263.0% -387.01%
FREE CASH FLOW
Cash From Operating Activities $23.30M $25.30M $11.20M
Capital Expenditures $21.50M $68.40M $67.90M
Free Cash Flow $1.800M -$43.10M -$56.70M
YoY Change -104.18% -77.73% -292.86%

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CY2015 ivtp Net Assets Transferredat Saleof Real Estate Investments
NetAssetsTransferredatSaleofRealEstateInvestments
2371000 USD
CY2016 ivtp Net Assets Transferredat Saleof Real Estate Investments
NetAssetsTransferredatSaleofRealEstateInvestments
2007000 USD
CY2017 ivtp Net Assets Transferredat Saleof Real Estate Investments
NetAssetsTransferredatSaleofRealEstateInvestments
4037000 USD
CY2015 ivtp Net Income Loss Attributable To Company Inclusive Of Noncontrolling Interest Excluding Noncontrolling Redeemable Interests
NetIncomeLossAttributableToCompanyInclusiveOfNoncontrollingInterestExcludingNoncontrollingRedeemableInterests
3479000 USD
CY2016 ivtp Net Income Loss Attributable To Company Inclusive Of Noncontrolling Interest Excluding Noncontrolling Redeemable Interests
NetIncomeLossAttributableToCompanyInclusiveOfNoncontrollingInterestExcludingNoncontrollingRedeemableInterests
252722000 USD
CY2017 ivtp Net Income Loss Attributable To Company Inclusive Of Noncontrolling Interest Excluding Noncontrolling Redeemable Interests
NetIncomeLossAttributableToCompanyInclusiveOfNoncontrollingInterestExcludingNoncontrollingRedeemableInterests
61793000 USD
CY2015 ivtp Netassetsdistributedto Highlands Reit Inc.
NetassetsdistributedtoHighlandsREITInc.
0 USD
CY2016 ivtp Netassetsdistributedto Highlands Reit Inc.
NetassetsdistributedtoHighlandsREITInc.
129910000 USD
CY2017 ivtp Netassetsdistributedto Highlands Reit Inc.
NetassetsdistributedtoHighlandsREITInc.
0 USD
CY2015 ivtp Netassetsdistributedto Xenia Hotels Resorts Inc.Netofcashcontributed
NetassetsdistributedtoXeniaHotelsResortsInc.netofcashcontributed
1484872000 USD
CY2016 ivtp Netassetsdistributedto Xenia Hotels Resorts Inc.Netofcashcontributed
NetassetsdistributedtoXeniaHotelsResortsInc.netofcashcontributed
0 USD
CY2017 ivtp Netassetsdistributedto Xenia Hotels Resorts Inc.Netofcashcontributed
NetassetsdistributedtoXeniaHotelsResortsInc.netofcashcontributed
0 USD
CY2017Q4 ivtp Number Of Interest Rate Swaps
NumberOfInterestRateSwaps
2 swap
CY2016Q4 ivtp Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2017Q4 ivtp Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2015 ivtp Number Of Parcels Of Land
NumberOfParcelsOfLand
1 Property
CY2017 ivtp Number Of Single User Outparcels
NumberOfSingleUserOutparcels
2 Property
CY2016Q4 ivtp Numberof Real Estate Properties Acquired Duringthe Year
NumberofRealEstatePropertiesAcquiredDuringtheYear
8 Properties
CY2014Q4 ivtp Numberof Stockbased Compensation Plans
NumberofStockbasedCompensationPlans
3 stock_based_compensation_plan
CY2017Q4 ivtp Operating Leases Future Minimum Payments Receivable Due In Six Years
OperatingLeasesFutureMinimumPaymentsReceivableDueInSixYears
285380000 USD
CY2015 ivtp Proceeds And Return Of Capital From Sale Of Unconsolidated Entities
ProceedsAndReturnOfCapitalFromSaleOfUnconsolidatedEntities
40269000 USD
CY2016 ivtp Proceeds And Return Of Capital From Sale Of Unconsolidated Entities
ProceedsAndReturnOfCapitalFromSaleOfUnconsolidatedEntities
6344000 USD
CY2017 ivtp Proceeds And Return Of Capital From Sale Of Unconsolidated Entities
ProceedsAndReturnOfCapitalFromSaleOfUnconsolidatedEntities
0 USD
CY2015 ivtp Provisionfor Asset Impairment
ProvisionforAssetImpairment
108154000 USD
CY2016 ivtp Provisionfor Asset Impairment
ProvisionforAssetImpairment
117722000 USD
CY2017 ivtp Provisionfor Asset Impairment
ProvisionforAssetImpairment
27754000 USD
CY2017Q4 ivtp Real Estate And Accumulated Deprecation Adjustment To Basis Building And Improvements
RealEstateAndAccumulatedDeprecationAdjustmentToBasisBuildingAndImprovements
102919000 USD
CY2017Q4 ivtp Real Estate And Accumulated Deprecation Adjustment To Basis Land
RealEstateAndAccumulatedDeprecationAdjustmentToBasisLand
9541000 USD
CY2017 ivtp Real Estate Investment Trust Required Distribution
RealEstateInvestmentTrustRequiredDistribution
0.9
CY2015 ivtp Real Estate Owned Land Contributedtoan Unconsolidated Entity
RealEstateOwnedLandContributedtoanUnconsolidatedEntity
46174000 USD
CY2016 ivtp Real Estate Owned Land Contributedtoan Unconsolidated Entity
RealEstateOwnedLandContributedtoanUnconsolidatedEntity
0 USD
CY2017 ivtp Real Estate Owned Land Contributedtoan Unconsolidated Entity
RealEstateOwnedLandContributedtoanUnconsolidatedEntity
0 USD
CY2015 ivtp Reclassification Adjustment From Aoci On Derivatives And Securities
ReclassificationAdjustmentFromAociOnDerivativesAndSecurities
19332000 USD
CY2016 ivtp Reclassification Adjustment From Aoci On Derivatives And Securities
ReclassificationAdjustmentFromAociOnDerivativesAndSecurities
3394000 USD
CY2017 ivtp Reclassification Adjustment From Aoci On Derivatives And Securities
ReclassificationAdjustmentFromAociOnDerivativesAndSecurities
46563000 USD
CY2015 ivtp Restricted Cash From Purchaseof Investment Properties
RestrictedCashFromPurchaseofInvestmentProperties
0 USD
CY2016 ivtp Restricted Cash From Purchaseof Investment Properties
RestrictedCashFromPurchaseofInvestmentProperties
0 USD
CY2017 ivtp Restricted Cash From Purchaseof Investment Properties
RestrictedCashFromPurchaseofInvestmentProperties
39800000 USD
CY2015 ivtp Restricted Cash Proceeds From Sale Of Investment Properties
RestrictedCashProceedsFromSaleOfInvestmentProperties
0 USD
CY2016 ivtp Restricted Cash Proceeds From Sale Of Investment Properties
RestrictedCashProceedsFromSaleOfInvestmentProperties
0 USD
CY2017 ivtp Restricted Cash Proceeds From Sale Of Investment Properties
RestrictedCashProceedsFromSaleOfInvestmentProperties
39760000 USD
CY2015 ivtp Sec Schedule Iii Real Estate Acquisitions And Capital Improvements
SecScheduleIiiRealEstateAcquisitionsAndCapitalImprovements
484776000 USD
CY2016 ivtp Sec Schedule Iii Real Estate Acquisitions And Capital Improvements
SecScheduleIiiRealEstateAcquisitionsAndCapitalImprovements
497646000 USD
CY2017 ivtp Sec Schedule Iii Real Estate Acquisitions And Capital Improvements
SecScheduleIiiRealEstateAcquisitionsAndCapitalImprovements
598843000 USD
CY2015 ivtp Stateand Local Income Tax Expense Benefit Discontinued Operations
StateandLocalIncomeTaxExpenseBenefitDiscontinuedOperations
2058000 USD
CY2016 ivtp Stateand Local Income Tax Expense Benefit Discontinued Operations
StateandLocalIncomeTaxExpenseBenefitDiscontinuedOperations
268000 USD
CY2017 ivtp Stateand Local Income Tax Expense Benefit Discontinued Operations
StateandLocalIncomeTaxExpenseBenefitDiscontinuedOperations
-5000 USD
CY2017Q4 ivtp Tax Cutsand Jobs Act Changein Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsandJobsActChangeinTaxRateDeferredTaxAssetIncomeTaxExpense
14817000 USD
CY2017Q4 ivtp Tax Cutsand Jobs Act Deferred Tax Assets Valuation Allowance
TaxCutsandJobsActDeferredTaxAssetsValuationAllowance
14817000 USD
CY2015 ivtp Taxable Capital Gain Includedin Common Distribution Per Share
TaxableCapitalGainIncludedinCommonDistributionPerShare
0.000
CY2016 ivtp Taxable Capital Gain Includedin Common Distribution Per Share
TaxableCapitalGainIncludedinCommonDistributionPerShare
0.240
CY2017 ivtp Taxable Capital Gain Includedin Common Distribution Per Share
TaxableCapitalGainIncludedinCommonDistributionPerShare
0.000
CY2015 ivtp Taxable Common Distribution Per Share
TaxableCommonDistributionPerShare
2.930
CY2016 ivtp Taxable Common Distribution Per Share
TaxableCommonDistributionPerShare
0.470
CY2017 ivtp Taxable Common Distribution Per Share
TaxableCommonDistributionPerShare
0.069
CY2015 ivtp Taxable Ordinary Income Included In Common Distribution Per Share
TaxableOrdinaryIncomeIncludedInCommonDistributionPerShare
0.240
CY2016 ivtp Taxable Ordinary Income Included In Common Distribution Per Share
TaxableOrdinaryIncomeIncludedInCommonDistributionPerShare
0.080
CY2017 ivtp Taxable Ordinary Income Included In Common Distribution Per Share
TaxableOrdinaryIncomeIncludedInCommonDistributionPerShare
0.000
CY2015 ivtp Taxable Return Of Capital Included In Common Distribution Per Share
TaxableReturnOfCapitalIncludedInCommonDistributionPerShare
2.690
CY2016 ivtp Taxable Return Of Capital Included In Common Distribution Per Share
TaxableReturnOfCapitalIncludedInCommonDistributionPerShare
0.150
CY2017 ivtp Taxable Return Of Capital Included In Common Distribution Per Share
TaxableReturnOfCapitalIncludedInCommonDistributionPerShare
0.069
CY2015 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedtoCommonStockholders
-163914000 USD
CY2016 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedtoCommonStockholders
35556000 USD
CY2017 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedtoCommonStockholders
4181000 USD
CY2015 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedtoUnvestedShares
0 USD
CY2016 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedtoUnvestedShares
-10000 USD
CY2017 ivtp Undistributed Income Loss From Continuing Operations Allocatedto Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedtoUnvestedShares
-15000 USD
CY2016Q1 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
862205672 shares
CY2016Q2 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
862205672 shares
CY2016Q3 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
862212317 shares
CY2016Q4 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
832094830 shares
CY2017Q1 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
773316262 shares
CY2017Q2 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
773381165 shares
CY2017Q3 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
773517492 shares
CY2017Q4 ivtp Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
773562942 shares
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
38242000 USD
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
37798000 USD
CY2016Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
28914000 USD
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
30522000 USD
CY2016Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
3786943000 USD
CY2017Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
3778908000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
59059000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1945000 USD
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5676639000 USD
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5681912000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2515000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3737000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5782000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
864000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1266000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
49000 USD
CY2015 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1907000 USD
CY2017 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5510000 USD
CY2016 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4255000 USD
CY2015 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7708000 USD
CY2016 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5206000 USD
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1219000 USD
CY2015 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1789000 USD
CY2016 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1703000 USD
CY2017 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1806000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19325000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20879000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25633000 USD
CY2016Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
322326 sqft
CY2017Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
501276 sqft
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
108154000 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
11208000 USD
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
27754000 USD
CY2016Q4 us-gaap Assets
Assets
2786754000 USD
CY2017Q4 us-gaap Assets
Assets
2698604000 USD
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
42435000 USD
CY2017Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2015Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2242000 USD
CY2016Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
598000 USD
CY2017Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
72000 USD
CY2016Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
125311000 USD
CY2017Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
4482000 USD
CY2015 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
39113000 USD
CY2016 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
58572000 USD
CY2017 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
275000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
1204000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
3276000 USD
CY2016Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
21801000 USD
CY2017Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
27330000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
21030000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
7956000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
5666000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
5359000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
6328000 USD
CY2017Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
7193000 USD
CY2016Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
65740000 USD
CY2017Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
80862000 USD
CY2016Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
43939000 USD
CY2017Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
53532000 USD
CY2015 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
-28014000 USD
CY2016 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
89680000 USD
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
288943000 USD
CY2016 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
259878000 USD
CY2016 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1287000 USD
CY2017 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
633425000 USD
CY2016 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
17491000 USD
CY2016 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
24260000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
284598000 USD
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
440204000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
44672000 USD
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
69306000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
154737000 USD
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
125990000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
465177000 USD
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
633425000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
439335000 USD
CY2017Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
566194000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
3506000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
640000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
445000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
441000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
463000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
586000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
931000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
397250000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162747000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
733150000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
203285000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
397250000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
162747000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-529865000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
193965000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-234503000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1460000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1460000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
773304997 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
774293197 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
773304997 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
774293197 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
773000 USD
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
773000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16845000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
274491000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4679000 USD
CY2017Q4 us-gaap Contractual Obligation
ContractualObligation
4229000 USD
CY2017Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
1539000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
468000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
609000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
486000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1244000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
130000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
464000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
663000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
781000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1845000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
201000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1324000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
601000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
71000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
543000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
670663000 USD
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
667861000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
8120000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
8642000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
16325000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
17355000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
8205000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
8713000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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0 USD
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0 USD
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586000 USD
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6780000 USD
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74000 USD
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77000 USD
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10144000 USD
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10490000 USD
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2857000 USD
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180764000 USD
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1415000 USD
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1411000 USD
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2786754000 USD
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2698604000 USD
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0 USD
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299741000 USD
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299770000 USD
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CY2016 us-gaap Loans Assumed1
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16000000 USD
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41717000 USD
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3820000 USD
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4348000 USD
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4222000 USD
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183883000 USD
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61793000 USD
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3172000 USD
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2586000 USD
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3102000 USD
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28000 USD
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1 acquisition
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1 lease
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608000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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965933000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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182851000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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86093000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the consolidated balance sheet as of December 31, 2016 and the&#160;consolidated statements of operations and comprehensive income (loss)&#160;for the years ended December 31, 2016 and 2015 to reflect the results of Worldgate Plaza (sold on August 30, 2017), Highlands (spun off on April 28, 2016), and University House (sold on June 21, 2016) as discontinued operations.</font></div></div>

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