2020 Q1 Form 10-Q Financial Statement

#000072672820000042 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $414.3M $354.4M
YoY Change 16.92% 11.33%
Cost Of Revenue $25.60M $21.60M
YoY Change 18.52% 30.12%
Gross Profit $388.7M $332.7M
YoY Change 16.83% 10.28%
Gross Profit Margin 93.81% 93.89%
Selling, General & Admin $17.50M $15.10M
YoY Change 15.89% -3.82%
% of Gross Profit 4.5% 4.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $164.6M $137.5M
YoY Change 19.68% 4.89%
% of Gross Profit 42.34% 41.33%
Operating Expenses $181.4M $152.0M
YoY Change 19.34% 3.83%
Operating Profit $207.3M $180.7M
YoY Change 14.72% 16.36%
Interest Expense $75.93M $70.02M
YoY Change 8.43% 17.85%
% of Operating Profit 36.63% 38.75%
Other Income/Expense, Net -$900.0K -$900.0K
YoY Change 0.0% 50.0%
Pretax Income $149.9M $112.7M
YoY Change 33.01% 33.37%
Income Tax $2.763M $1.445M
% Of Pretax Income 1.84% 1.28%
Net Earnings $146.8M $110.9M
YoY Change 32.35% 33.4%
Net Earnings / Revenue 35.44% 31.31%
Basic Earnings Per Share $0.44
Diluted Earnings Per Share $0.44 $365.0K
COMMON SHARES
Basic Shares Outstanding 336.6M shares 303.5M shares
Diluted Shares Outstanding 337.0M shares 303.8M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.00M $3.000M
YoY Change 1300.0% -85.71%
Cash & Equivalents $41.80M $2.997M
Short-Term Investments
Other Short-Term Assets $16.00M $17.00M
YoY Change -5.88% 6.25%
Inventory
Prepaid Expenses
Receivables $186.0M $151.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $244.0M $171.0M
YoY Change 42.69% 4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $16.80B $14.31B
YoY Change 17.43% 10.04%
Goodwill $14.40M $14.60M
YoY Change -1.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $82.00M $9.000M
YoY Change 811.11%
Total Long-Term Assets $18.55B $15.59B
YoY Change 18.99% 8.95%
TOTAL ASSETS
Total Short-Term Assets $244.0M $171.0M
Total Long-Term Assets $18.55B $15.59B
Total Assets $18.80B $15.76B
YoY Change 19.24% 8.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $215.0M $222.0M
YoY Change -3.15% 212.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $441.0M $422.0M
YoY Change 4.5% 54.01%
LONG-TERM LIABILITIES
Long-Term Debt $7.542B $7.021B
YoY Change 7.42% 6.38%
Other Long-Term Liabilities $397.0M $311.0M
YoY Change 27.65% 2.64%
Total Long-Term Liabilities $7.939B $7.332B
YoY Change 8.28% 6.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $441.0M $422.0M
Total Long-Term Liabilities $7.939B $7.332B
Total Liabilities $8.379B $7.754B
YoY Change 8.06% 7.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.39B $7.984B
YoY Change
Total Liabilities & Shareholders Equity $18.80B $15.76B
YoY Change 19.24% 8.9%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $146.8M $110.9M
YoY Change 32.35% 33.4%
Depreciation, Depletion And Amortization $164.6M $137.5M
YoY Change 19.68% 4.89%
Cash From Operating Activities $265.2M $212.0M
YoY Change 25.09% -0.7%
INVESTING ACTIVITIES
Capital Expenditures -$476.9M -$521.0M
YoY Change -8.46% 2.68%
Acquisitions
YoY Change
Other Investing Activities $125.5M $22.50M
YoY Change 457.78% 54.11%
Cash From Investing Activities -$351.4M -$498.5M
YoY Change -29.51% 1.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $728.9M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $155.3M $287.8M
YoY Change -46.04% -2.04%
NET CHANGE
Cash From Operating Activities $265.2M $212.0M
Cash From Investing Activities -$351.4M -$498.5M
Cash From Financing Activities $155.3M $287.8M
Net Change In Cash $66.15M $1.263M
YoY Change 5137.69% -91.25%
FREE CASH FLOW
Cash From Operating Activities $265.2M $212.0M
Capital Expenditures -$476.9M -$521.0M
Free Cash Flow $742.1M $733.0M
YoY Change 1.24% 1.68%

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CY2020Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1280000 USD
CY2019Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-351411000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-498514000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
233824000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
204546000 USD
CY2020Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
846532000 USD
CY2019Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
732000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
921859000 USD
CY2019Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
146000000 USD
CY2020Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2019Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
70000000 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
250000000 USD
CY2019Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1673000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1235000 USD
CY2020Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
9445000 USD
CY2019Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
728883000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020Q1 o Proceeds From Dividend Reinvestment And Stock Purchase Plan Net
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
2366000 USD
CY2019Q1 o Proceeds From Dividend Reinvestment And Stock Purchase Plan Net
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
2164000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
20225000 USD
CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
394000 USD
CY2019Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
321000 USD
CY2020Q1 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
1251000 USD
CY2019Q1 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
0 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6561000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4087000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
155276000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
287750000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2929000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
66152000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1263000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71005000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21071000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137157000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22334000 USD
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6525 property
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
49 state
CY2020Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
106000000.0 sqft
CY2019Q4 o Other Corporate Assets Net
OtherCorporateAssetsNet
5251000 USD
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-top:13px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">D. During the first three months of 2020, we reclassified 'Real estate held for sale, net', which was previously presented in 'Net real estate', into a new caption entitled 'Real estate and lease intangibles held for sale, net'. The reclassification out of 'Net real estate' incorporates intangibles held for sale into a more appropriate presentation of the held for sale caption. Intangibles held for investment are included in the captions entitled 'Lease intangible assets, net' and 'Lease intangible liabilities, net' in the consolidated balance sheets. The December 31, 2019 balance sheet has been reclassified to match the current period classification. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div>
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1516819000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1493383000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
82391000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
4529000 USD
CY2020Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
81436000 USD
CY2019Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
81892000 USD
CY2020Q1 o Derivative Assets And Receivables Fair Value
DerivativeAssetsAndReceivablesFairValue
25173000 USD
CY2019Q4 o Derivative Assets And Receivables Fair Value
DerivativeAssetsAndReceivablesFairValue
12000 USD
CY2020Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
16113000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11839000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
14397000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
14430000 USD
CY2020Q1 us-gaap Escrow Deposit
EscrowDeposit
12962000 USD
CY2019Q4 us-gaap Escrow Deposit
EscrowDeposit
12465000 USD
CY2020Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
10274000 USD
CY2019Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
11453000 USD
CY2020Q1 o Other Corporate Assets Net
OtherCorporateAssetsNet
5534000 USD
CY2020Q1 us-gaap Deposit Assets
DepositAssets
1280000 USD
CY2019Q4 us-gaap Deposit Assets
DepositAssets
14803000 USD
CY2020Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
0 USD
CY2019Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
9682000 USD
CY2020Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2238000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4871000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
460250000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
328661000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
80911000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
76728000 USD
CY2020Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
16478000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
18626000 USD
CY2020Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
4429000 USD
CY2019Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
4450000 USD
CY2020Q1 o Value Added Tax Payable
ValueAddedTaxPayable
4301000 USD
CY2019Q4 o Value Added Tax Payable
ValueAddedTaxPayable
13434000 USD
CY2020Q1 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
3325000 USD
CY2019Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
5870000 USD
CY2020Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
21115000 USD
CY2019Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
31457000 USD
CY2020Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
182177000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
177039000 USD
CY2020Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
117291000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
122285000 USD
CY2020Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
449445000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
447522000 USD
CY2020Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
120697000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
114419000 USD
CY2020Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
328748000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
333103000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
121790000 USD
CY2019Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
127687000 USD
CY2020Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
6249000 USD
CY2019Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
6303000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
6023000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5946000 USD
CY2020Q1 us-gaap Other Liabilities
OtherLiabilities
251353000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
262221000 USD
CY2020Q1 o Real Estate Property Investments Number Of New Properties And Properties Under Development
RealEstatePropertyInvestmentsNumberOfNewPropertiesAndPropertiesUnderDevelopment
65 property
CY2020Q1 o Real Estate Property Investments Area Of Real Estate Property Acquired
RealEstatePropertyInvestmentsAreaOfRealEstatePropertyAcquired
2000000.0 sqft
CY2020Q1 o Real Estate Property Investments Value Of Properties Acquired
RealEstatePropertyInvestmentsValueOfPropertiesAcquired
486000000.0 USD
CY2020Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P14Y1M6D
CY2020Q1 o Acquired Properties Weighted Average Contractual Lease Rate
AcquiredPropertiesWeightedAverageContractualLeaseRate
0.060
CY2020Q1 o Real Estate Property Investments Number Of Investments That Caused Any One Tenant To Be Ten Percent Or More Of Total Assets
RealEstatePropertyInvestmentsNumberOfInvestmentsThatCausedAnyOneTenantToBeTenPercentOrMoreOfTotalAssets
0 property_investment
CY2020Q1 o Rental Revenue Generated From Acquisitions Investment Grade Tenants Percentage
RentalRevenueGeneratedFromAcquisitionsInvestmentGradeTenantsPercentage
0.36
CY2020Q1 o Real Estate Properties Acquired Operating Lease And Finance Lease Right Of Use Assets
RealEstatePropertiesAcquiredOperatingLeaseAndFinanceLeaseRightOfUseAssets
56900000 USD
CY2019Q1 o Real Estate Property Investments Number Of New Properties And Properties Under Development
RealEstatePropertyInvestmentsNumberOfNewPropertiesAndPropertiesUnderDevelopment
105 property
CY2019Q1 o Real Estate Property Investments Area Of Real Estate Property Acquired
RealEstatePropertyInvestmentsAreaOfRealEstatePropertyAcquired
2300000 sqft
CY2019Q1 o Real Estate Property Investments Value Of Properties Acquired
RealEstatePropertyInvestmentsValueOfPropertiesAcquired
519500000 USD
CY2019Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P17Y
CY2019Q1 o Acquired Properties Weighted Average Contractual Lease Rate
AcquiredPropertiesWeightedAverageContractualLeaseRate
0.067
CY2019Q1 o Real Estate Property Investments Number Of Investments That Caused Any One Tenant To Be Ten Percent Or More Of Total Assets
RealEstatePropertyInvestmentsNumberOfInvestmentsThatCausedAnyOneTenantToBeTenPercentOrMoreOfTotalAssets
0 property_investment
CY2019Q1 o Rental Revenue Generated From Acquisitions Investment Grade Tenants Percentage
RentalRevenueGeneratedFromAcquisitionsInvestmentGradeTenantsPercentage
0.31
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseRemainderOfFiscalYear
-17775000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
96203000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Two
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearTwo
-22683000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
120617000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Three
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearThree
-21135000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
108643000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Four
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearFour
-19618000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
96339000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Five
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearFive
-18031000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
87650000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease After Year Five
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseAfterYearFive
-80168000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
499209000 USD
CY2020Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecrease
-179410000 USD
CY2020Q1 o Finite Lived Intangible Assets Amortization Expense Increase Decrease
FiniteLivedIntangibleAssetsAmortizationExpenseIncreaseDecrease
1008661000 USD
CY2020Q1 o Number Of Mortgages Assumed During Period
NumberOfMortgagesAssumedDuringPeriod
0 mortgage
CY2020Q1 o Number Of Noncontrolling Interests Consolidated
NumberOfNoncontrollingInterestsConsolidated
2 noncontrolling_interest
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2255
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.6925
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6525 property
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
49 state
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6525 property
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1200000 USD
CY2019Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3600000 USD
CY2020Q1 o Property Sales Count
PropertySalesCount
17 property
CY2019Q1 o Property Sales Count
PropertySalesCount
19 property
CY2020Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
126200000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
22500000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
38500000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7300000 USD
CY2019Q1 o Impaired Properties Held For Investment Number
ImpairedPropertiesHeldForInvestmentNumber
0 property
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
4500000 USD
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
4700000 USD
CY2020Q1 o Impaired Properties Held For Sale Number
ImpairedPropertiesHeldForSaleNumber
8 property
CY2019Q1 o Impaired Properties Held For Sale Number
ImpairedPropertiesHeldForSaleNumber
0 property
CY2020Q1 o Impaired Properties Held For Investment Number
ImpairedPropertiesHeldForInvestmentNumber
1 property
CY2020Q1 o Impaired Properties Sold Number
ImpairedPropertiesSoldNumber
7 property
CY2019Q1 o Impaired Properties Sold Number
ImpairedPropertiesSoldNumber
11 property
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2275
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2210
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2325
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2255
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2325
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.6720
CY2020Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.233
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
336624567 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
303528336 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
351948 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
291542 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
336976515 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
303819878 shares
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
84100000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
82200000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2500000 USD
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1700000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
132000000.0 USD
CY2020Q1 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
14800000 USD
CY2019Q4 us-gaap Assets
Assets
18554796000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
412157000 USD
CY2019Q1 us-gaap Lease Income
LeaseIncome
354037000 USD
CY2020Q1 us-gaap Other Income
OtherIncome
2184000 USD
CY2019Q1 us-gaap Other Income
OtherIncome
328000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41804000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2997000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
82391000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
9081000 USD
CY2020Q1 us-gaap Escrow Deposit
EscrowDeposit
12962000 USD
CY2019Q1 us-gaap Escrow Deposit
EscrowDeposit
10256000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137157000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22334000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
51 segment
CY2020Q1 o Real Estate Investment Property Net Including Disposal Group Assets
RealEstateInvestmentPropertyNetIncludingDisposalGroupAssets
16591937000 USD
CY2019Q4 o Real Estate Investment Property Net Including Disposal Group Assets
RealEstateInvestmentPropertyNetIncludingDisposalGroupAssets
16496772000 USD
CY2020Q1 o Other Corporate Assets
OtherCorporateAssets
687686000 USD
CY2019Q4 o Other Corporate Assets
OtherCorporateAssets
564641000 USD
CY2020Q1 us-gaap Assets
Assets
18796442000 USD
CY2020Q1 us-gaap Revenues
Revenues
414341000 USD
CY2019Q1 us-gaap Revenues
Revenues
354365000 USD
CY2020Q1 us-gaap Severance Costs1
SeveranceCosts1
3500000 USD

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