2018 Q4 Form 10-K Financial Statement

#000144483819000010 Filed on March 13, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $88.18M $397.0M $102.2M
YoY Change -13.69% 1.09% 7.18%
Cost Of Revenue $9.600M $42.70M $12.40M
YoY Change -22.58% -13.21% -0.8%
Gross Profit $78.60M $354.3M $89.80M
YoY Change -12.47% 3.14% 0.34%
Gross Profit Margin 89.13% 89.25% 87.89%
Selling, General & Admin $7.800M $31.70M $8.600M
YoY Change -9.3% -7.31% 6.17%
% of Gross Profit 9.92% 8.95% 9.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.50M $172.1M $45.30M
YoY Change -15.01% -3.08% 9.42%
% of Gross Profit 48.98% 48.57% 50.45%
Operating Expenses $46.30M $199.8M $53.90M
YoY Change -14.1% -3.99% 9.11%
Operating Profit $32.30M $154.5M $35.90M
YoY Change -10.03% 14.11% -10.47%
Interest Expense -$16.70M $79.88M -$20.10M
YoY Change -16.92% 2.56% 3.08%
% of Operating Profit -51.7% 51.7% -55.99%
Other Income/Expense, Net $900.0K $1.859M $5.400M
YoY Change -83.33% -80.07% 54.29%
Pretax Income $24.60M $230.9M $32.00M
YoY Change -23.13% 158.32% 40.97%
Income Tax $400.0K $1.728M $700.0K
% Of Pretax Income 1.63% 0.75% 2.19%
Net Earnings $23.80M $227.4M $29.24M
YoY Change -18.6% 165.72% 103.15%
Net Earnings / Revenue 26.99% 57.29% 28.61%
Basic Earnings Per Share $0.10 $0.93 $0.12
Diluted Earnings Per Share $0.10 $0.93 $0.12
COMMON SHARES
Basic Shares Outstanding 236.3M shares 236.7M shares 240.7M shares
Diluted Shares Outstanding 240.8M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $168.8M $168.8M $107.8M
YoY Change 56.59% 56.59% 24.48%
Cash & Equivalents $168.8M $168.8M $107.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.475M $62.20M $5.450M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $231.0M $231.0M $166.0M
YoY Change 39.16% 39.16% 32.17%
LONG-TERM ASSETS
Property, Plant & Equipment $2.556B $2.556B $3.310B
YoY Change -22.79% -22.79% 9.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $66.18M $66.20M $17.48M
YoY Change 278.71% 278.29% -73.96%
Other Assets $88.30M $88.30M $38.90M
YoY Change 126.99% 126.99% -55.95%
Total Long-Term Assets $2.723B $2.723B $3.387B
YoY Change -19.61% -19.61% 2.15%
TOTAL ASSETS
Total Short-Term Assets $231.0M $231.0M $166.0M
Total Long-Term Assets $2.723B $2.723B $3.387B
Total Assets $2.954B $2.954B $3.553B
YoY Change -16.86% -16.86% 3.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.80M $30.80M $38.60M
YoY Change -20.21% -20.21% -34.02%
Accrued Expenses $4.500M $4.500M $5.400M
YoY Change -16.67% -16.67% -19.4%
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 $84.10M $84.10M $93.50M
YoY Change -10.05% -10.05% -16.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.493B $1.493B $2.069B
YoY Change -27.86% -27.86% 11.2%
Other Long-Term Liabilities $30.60M $30.60M $49.80M
YoY Change -38.55% -38.55% -10.91%
Total Long-Term Liabilities $1.523B $1.523B $2.119B
YoY Change -28.11% -28.11% 10.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.10M $84.10M $93.50M
Total Long-Term Liabilities $1.523B $1.523B $2.119B
Total Liabilities $1.607B $1.624B $2.212B
YoY Change -27.35% -27.15% 9.03%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $24.00K $24.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.330B $1.330B $1.324B
YoY Change
Total Liabilities & Shareholders Equity $2.954B $2.954B $3.553B
YoY Change -16.86% -16.86% 3.24%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $23.80M $227.4M $29.24M
YoY Change -18.6% 165.72% 103.15%
Depreciation, Depletion And Amortization $38.50M $172.1M $45.30M
YoY Change -15.01% -3.08% 9.42%
Cash From Operating Activities $48.10M $217.8M $55.50M
YoY Change -13.33% -4.41% 1.46%
INVESTING ACTIVITIES
Capital Expenditures -$112.4M -$331.5M -$143.7M
YoY Change -21.78% -49.54% 14.68%
Acquisitions
YoY Change
Other Investing Activities $89.80M $886.4M $89.60M
YoY Change 0.22% 137.01% 4.43%
Cash From Investing Activities -$22.60M $554.9M -$54.20M
YoY Change -58.3% -296.02% 37.22%
FINANCING ACTIVITIES
Cash Dividend Paid $175.5M
YoY Change 2.0%
Common Stock Issuance & Retirement, Net $50.04M
YoY Change -397.76%
Debt Paid & Issued, Net $14.60M
YoY Change -71.26%
Cash From Financing Activities -240.3M -$707.6M -64.70M
YoY Change 271.41% -1527.18% 39.44%
NET CHANGE
Cash From Operating Activities 48.10M $217.8M 55.50M
Cash From Investing Activities -22.60M $554.9M -54.20M
Cash From Financing Activities -240.3M -$707.6M -64.70M
Net Change In Cash -214.8M $65.09M -63.40M
YoY Change 238.8% -1257.58% 103.21%
FREE CASH FLOW
Cash From Operating Activities $48.10M $217.8M $55.50M
Capital Expenditures -$112.4M -$331.5M -$143.7M
Free Cash Flow $160.5M $549.3M $199.2M
YoY Change -19.43% -37.92% 10.67%

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ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
86167000 USD
CY2018 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
227604000 USD
CY2016 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
210000 USD
CY2017 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
584000 USD
CY2018 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
189000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
140000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
107000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
60000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1299000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1810000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1668000 USD
CY2017Q4 us-gaap Deferred Costs
DeferredCosts
31693000 USD
CY2018Q4 us-gaap Deferred Costs
DeferredCosts
15937000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
35072000 USD
CY2018Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
27397000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
44000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5094000 USD
CY2017Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
52769000 USD
CY2018Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
58692000 USD
CY2017Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
33182000 USD
CY2018Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
20531000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
357000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
439000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
397000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
166048000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
173968000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
168191000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
170038000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
177561000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
172088000 USD
CY2017Q4 us-gaap Development In Process
DevelopmentInProcess
4219000 USD
CY2018Q4 us-gaap Development In Process
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1840000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
0 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
2439000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
0 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
14498000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
0 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
165000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
49504000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
48774000 USD
CY2016 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6290000 USD
CY2017 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6290000 USD
CY2018 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6290000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
815000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
403000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2083000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
17476000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
66183000 USD
CY2017Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
72508000 USD
CY2018Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
26598000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
334681000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
231443000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
24021000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17065000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17448000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19501000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21442000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
599091000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
419612000 USD
CY2017Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
84000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
0 USD
CY2016 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
81510000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
63428000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
252913000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
81510000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
63428000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
252913000 USD
CY2016 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2017 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-2050000 USD
CY2018 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-975000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6196000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2596000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31104000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34158000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31662000 USD
CY2017Q1 us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
5294000 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
18023000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
36620000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
90299000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
89394000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
230926000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
96450000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
86629000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
230906000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7590000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-848000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1708000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1439000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1917000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1728000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
154000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1255000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
182000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1695000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1652000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
30000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
40000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
11000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1240000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2340000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2025000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1657000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1141000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-129000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-59000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2016 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
808000 USD
CY2017 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
16000 USD
CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-891000 USD
CY2016 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1825000 USD
CY2017 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-2922000 USD
CY2018 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
3942000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
230352 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
86285 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
528495 shares
CY2016 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4933000 USD
CY2017 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1174000 USD
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
15000 USD
CY2016 us-gaap Interest Expense
InterestExpense
88032000 USD
CY2017 us-gaap Interest Expense
InterestExpense
77883000 USD
CY2018 us-gaap Interest Expense
InterestExpense
79880000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
87692000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
75069000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
76562000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5378000 USD
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4523000 USD
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
76000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
3476022000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2746446000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17476000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
66183000 USD
CY2017Q4 us-gaap Land
Land
31930000 USD
CY2018Q4 us-gaap Land
Land
30630000 USD
CY2017Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
456134000 USD
CY2018Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
341848000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2212185000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1607162000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3553020000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2953840000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
386000 USD
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
160000000 USD
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-95000000 USD
CY2017 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-270000000 USD
CY2018 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-150000000 USD
CY2018Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
505000000 USD
CY2017Q4 us-gaap Loans Payable
LoansPayable
596663000 USD
CY2018Q4 us-gaap Loans Payable
LoansPayable
298733000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
16934000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
16807000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-237301000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49581000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-707611000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11384000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-283074000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
554891000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
239810000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
227870000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
217811000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
95624000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
40397000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
5519000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
3916000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
29235000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
85583000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-15957000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-3327000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
216190000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
23796000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
227415000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
826000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1046000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3491000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
89109000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79067000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
220838000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
13043000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
10378000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3491000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
689810000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
570420000 USD
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
135 property
CY2018Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
34 state
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2801537000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
270557000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
211387000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
212893000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
233192000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
253660000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1619848000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
398065000 USD
CY2017 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
359832000 USD
CY2018 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
364731000 USD
CY2016 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
100195000 USD
CY2017 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
39702000 USD
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2098000 USD
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287000 USD
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100000000 shares
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100000000 shares
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2214000 USD
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95000000 USD
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ProceedsFromNotesPayable
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6127000 USD
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ProceedsFromSaleOfEquityMethodInvestments
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3330000 USD
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ProfitLoss
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86428000 USD
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RealEstateAccumulatedDepreciationOtherDeductions
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RealEstateAccumulatedDepreciationOtherDeductions
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2746446000 USD
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341848000 USD
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3789711000 USD
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RealEstateGrossAtCarryingValue
3533172000 USD
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RealEstateGrossAtCarryingValue
3936459000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
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3090134000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1225650000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
954087000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
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3936459000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
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3090134000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3309900000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2555659000 USD
CY2016 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
291004000 USD
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
676355000 USD
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
310207000 USD
CY2016 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
19946000 USD
CY2017 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
2827000 USD
CY2018 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
64576000 USD
CY2016 us-gaap Repayments Of Convertible Debt
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672000 USD
CY2017 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2016 us-gaap Repayments Of Lines Of Credit
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272000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
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110000000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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310000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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109973000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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50797000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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14599000 USD
CY2016 us-gaap Repayments Of Secured Debt
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26796000 USD
CY2017 us-gaap Repayments Of Secured Debt
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30082000 USD
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
29666000 USD
CY2016 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2017 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2018 us-gaap Repayments Of Unsecured Debt
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300000000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
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10637000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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31142000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4394000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
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8497000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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31431000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31809000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30608000 USD
CY2016 us-gaap Revenues
Revenues
429496000 USD
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Revenues
96099000 USD
CY2017Q2 us-gaap Revenues
Revenues
95684000 USD
CY2017Q3 us-gaap Revenues
Revenues
97689000 USD
CY2017Q4 us-gaap Revenues
Revenues
102169000 USD
CY2017 us-gaap Revenues
Revenues
391641000 USD
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Revenues
102637000 USD
CY2018Q2 us-gaap Revenues
Revenues
105493000 USD
CY2018Q3 us-gaap Revenues
Revenues
99958000 USD
CY2018Q4 us-gaap Revenues
Revenues
87251000 USD
CY2018 us-gaap Revenues
Revenues
395339000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
128384000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
139493000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
136571000 USD
CY2017Q4 us-gaap Senior Notes
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495198000 USD
CY2018Q4 us-gaap Senior Notes
SeniorNotes
496034000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1064000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
26000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
91000 USD
CY2016 us-gaap Stock Issued During Period Shares New Issues
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577823 shares
CY2017 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
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1084835 shares
CY2017 us-gaap Stock Issued During Period Shares Share Based Compensation
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835234 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation
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965932 shares
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
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12027000 USD
CY2017 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2018 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
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71000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-1101000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
478000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
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115000 USD
CY2016 us-gaap Stock Repurchased During Period Value
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8973000 USD
CY2018 us-gaap Stock Repurchased During Period Value
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49858000 USD
CY2017Q4 us-gaap Stockholders Equity
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1323901000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1329871000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1462531000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1412491000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1340835000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1346678000 USD
CY2016 us-gaap Straight Line Rent
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37445000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
19568000 USD
CY2018 us-gaap Straight Line Rent
StraightLineRent
20207000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
127196000 USD
CY2018Q4 us-gaap Unsecured Debt
UnsecuredDebt
127296000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237679031 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
241537837 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
240810990 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
233633058 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237758408 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236666375 shares
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;">. Certain amounts included in prior years' financial statements have been reclassified to conform to the current year's presentation.</font></div></div>
CY2018 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Real Estate. </font><font style="font-family:inherit;font-size:10pt;">The Company evaluates the carrying value of all tangible and intangible real estate assets held for investment for possible impairment when an event or change in circumstance has occurred that indicates its carrying value may not be recoverable. The evaluation includes estimating and reviewing anticipated&#160;future undiscounted cash flows to be derived from the asset. If such cash flows are less than the asset's carrying value, an impairment charge is recognized to the extent by which the asset's carrying value exceeds its estimated fair value, which may be below the balance of any non-recourse financing. Estimating future cash flows and fair values is highly subjective and such estimates could differ materially from actual results.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;"> Management has made a number of significant 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 to prepare these 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, including the economic environment. Management adjusts such estimates when facts and circumstances dictate. The most significant estimates made include the recoverability of accounts receivable, allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed, the determination of VIEs and which entities should be consolidated, the determination of impairment of long-lived assets and equity method investments, valuation of derivative financial instruments, valuation of awards granted under compensation plans and the useful lives of long-lived assets. Actual results could differ materially from those estimates.</font></div></div>

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