2021 Q1 Form 10-Q Financial Statement

#000072672821000049 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $442.3M $414.3M
YoY Change 6.74% 16.92%
Cost Of Revenue $28.50M $25.60M
YoY Change 11.33% 18.52%
Gross Profit $414.3M $388.7M
YoY Change 6.59% 16.83%
Gross Profit Margin 93.68% 93.81%
Selling, General & Admin $20.80M $17.50M
YoY Change 18.86% 15.89%
% of Gross Profit 5.02% 4.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $178.0M $164.6M
YoY Change 8.14% 19.68%
% of Gross Profit 42.96% 42.34%
Operating Expenses $198.4M $181.4M
YoY Change 9.37% 19.34%
Operating Profit $215.9M $207.3M
YoY Change 4.15% 14.72%
Interest Expense $73.08M $75.93M
YoY Change -3.75% 8.43%
% of Operating Profit 33.85% 36.63%
Other Income/Expense, Net $550.0K -$900.0K
YoY Change -161.11% 0.0%
Pretax Income $102.5M $149.9M
YoY Change -31.65% 33.01%
Income Tax $6.225M $2.763M
% Of Pretax Income 6.08% 1.84%
Net Earnings $95.94M $146.8M
YoY Change -34.66% 32.35%
Net Earnings / Revenue 21.69% 35.44%
Basic Earnings Per Share $0.26 $0.44
Diluted Earnings Per Share $0.26 $0.44
COMMON SHARES
Basic Shares Outstanding 371.5M shares 336.6M shares
Diluted Shares Outstanding 371.6M shares 337.0M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $184.0M $42.00M
YoY Change 338.1% 1300.0%
Cash & Equivalents $184.0M $41.80M
Short-Term Investments
Other Short-Term Assets $18.00M $16.00M
YoY Change 12.5% -5.88%
Inventory
Prepaid Expenses
Receivables $307.0M $186.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $509.0M $244.0M
YoY Change 108.61% 42.69%
LONG-TERM ASSETS
Property, Plant & Equipment $18.43B $16.80B
YoY Change 9.67% 17.43%
Goodwill $14.11M $14.40M
YoY Change -1.97% -1.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.000M $82.00M
YoY Change -90.24% 811.11%
Total Long-Term Assets $20.47B $18.55B
YoY Change 10.34% 18.99%
TOTAL ASSETS
Total Short-Term Assets $509.0M $244.0M
Total Long-Term Assets $20.47B $18.55B
Total Assets $20.98B $18.80B
YoY Change 11.61% 19.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $217.0M $215.0M
YoY Change 0.93% -3.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $492.0M $441.0M
YoY Change 11.56% 4.5%
LONG-TERM LIABILITIES
Long-Term Debt $8.539B $7.542B
YoY Change 13.22% 7.42%
Other Long-Term Liabilities $381.0M $397.0M
YoY Change -4.03% 27.65%
Total Long-Term Liabilities $8.920B $7.939B
YoY Change 12.36% 8.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $492.0M $441.0M
Total Long-Term Liabilities $8.920B $7.939B
Total Liabilities $9.413B $8.379B
YoY Change 12.34% 8.06%
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 $11.53B $10.39B
YoY Change
Total Liabilities & Shareholders Equity $20.98B $18.80B
YoY Change 11.61% 19.24%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $95.94M $146.8M
YoY Change -34.66% 32.35%
Depreciation, Depletion And Amortization $178.0M $164.6M
YoY Change 8.14% 19.68%
Cash From Operating Activities $266.5M $265.2M
YoY Change 0.47% 25.09%
INVESTING ACTIVITIES
Capital Expenditures -$1.028B -$476.9M
YoY Change 115.64% -8.46%
Acquisitions
YoY Change
Other Investing Activities $34.70M $125.5M
YoY Change -72.35% 457.78%
Cash From Investing Activities -$993.7M -$351.4M
YoY Change 182.78% -29.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $669.6M $728.9M
YoY Change -8.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $69.88M $155.3M
YoY Change -55.0% -46.04%
NET CHANGE
Cash From Operating Activities $266.5M $265.2M
Cash From Investing Activities -$993.7M -$351.4M
Cash From Financing Activities $69.88M $155.3M
Net Change In Cash -$657.3M $66.15M
YoY Change -1093.69% 5137.69%
FREE CASH FLOW
Cash From Operating Activities $266.5M $265.2M
Capital Expenditures -$1.028B -$476.9M
Free Cash Flow $1.295B $742.1M
YoY Change 74.48% 1.24%

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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
265216000 USD
CY2021Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
1026690000 USD
CY2020Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
473245000 USD
CY2021Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1741000 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3658000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
34705000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
126233000 USD
CY2021Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2020Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
539000 USD
CY2021Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2020Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1280000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-993726000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-351411000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
260697000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
233824000 USD
CY2021Q1 o Proceeds From Long Term Lines Of Credit And Issuance Of Commercial Paper
ProceedsFromLongTermLinesOfCreditAndIssuanceOfCommercialPaper
1413694000 USD
CY2020Q1 o Proceeds From Long Term Lines Of Credit And Issuance Of Commercial Paper
ProceedsFromLongTermLinesOfCreditAndIssuanceOfCommercialPaper
846532000 USD
CY2021Q1 o Repayments Of Long Term Lines Of Credit And Commercial Paper
RepaymentsOfLongTermLinesOfCreditAndCommercialPaper
735489000 USD
CY2020Q1 o Repayments Of Long Term Lines Of Credit And Commercial Paper
RepaymentsOfLongTermLinesOfCreditAndCommercialPaper
921859000 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
950000000 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
250000000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18110000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1673000 USD
CY2021Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
47235000 USD
CY2020Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
9445000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
669590000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
728883000 USD
CY2021Q1 o Proceeds From Dividend Reinvestment And Stock Purchase Plan Net
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
2654000 USD
CY2020Q1 o Proceeds From Dividend Reinvestment And Stock Purchase Plan Net
ProceedsFromDividendReinvestmentAndStockPurchasePlanNet
2366000 USD
CY2021Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
402000 USD
CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
394000 USD
CY2021Q1 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
845000 USD
CY2020Q1 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
1251000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4974000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6561000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
69876000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
155276000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2929000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-657349000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
66152000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
850679000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71005000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193330000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137157000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6662 property
CY2021Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
114200000 sqft
CY2021Q1 o Reserves Recorded For Uncollectible Rental Revenue
ReservesRecordedForUncollectibleRentalRevenue
8300000 USD
CY2020Q1 o Reserves Recorded For Uncollectible Rental Revenue
ReservesRecordedForUncollectibleRentalRevenue
1100000 USD
CY2021Q1 o Reserves Recorded For Straight Line Rent
ReservesRecordedForStraightLineRent
500000 USD
CY2020Q1 o Reserves Recorded For Straight Line Rent
ReservesRecordedForStraightLineRent
700000 USD
CY2021Q1 o Reserves Recorded For Uncollectible Rental Revenue And Straight Line Rent
ReservesRecordedForUncollectibleRentalRevenueAndStraightLineRent
8800000 USD
CY2020Q1 o Reserves Recorded For Uncollectible Rental Revenue And Straight Line Rent
ReservesRecordedForUncollectibleRentalRevenueAndStraightLineRent
1800000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
174074000 USD
CY2021Q1 us-gaap Other Receivables
OtherReceivables
122274000 USD
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
184743000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
111627000 USD
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
307017000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
285701000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1820146000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1710655000 USD
CY2021Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
148258000 USD
CY2020Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
131291000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
117063000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
118585000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
109341000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
112049000 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
33750000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
10000 USD
CY2021Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
18100000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11795000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
14114000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
14180000 USD
CY2021Q1 o Other Corporate Assets Net
OtherCorporateAssetsNet
8314000 USD
CY2020Q4 o Other Corporate Assets Net
OtherCorporateAssetsNet
8598000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
7776000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
21220000 USD
CY2021Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
6849000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
7705000 USD
CY2021Q1 us-gaap Deposit Assets
DepositAssets
2623000 USD
CY2020Q4 us-gaap Deposit Assets
DepositAssets
1000000 USD
CY2021Q1 us-gaap Escrow Deposit
EscrowDeposit
1570000 USD
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
4983000 USD
CY2021Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
220000 USD
CY2020Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
1130000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2259000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1751000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
470237000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
434297000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
67131000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
73356000 USD
CY2021Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
20054000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
23413000 USD
CY2021Q1 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
13151000 USD
CY2020Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
12685000 USD
CY2021Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
7122000 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
5182000 USD
CY2021Q1 o Value Added Tax Payable
ValueAddedTaxPayable
5514000 USD
CY2020Q4 o Value Added Tax Payable
ValueAddedTaxPayable
8077000 USD
CY2021Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
27702000 USD
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
34360000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
200168000 USD
CY2020Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y4M24D
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
241336000 USD
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
452602000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
460895000 USD
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
138695000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
139697000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
313907000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
321198000 USD
CY2021Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
153183000 USD
CY2020Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
130231000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
111953000 USD
CY2021Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P16Y4M24D
CY2021Q1 o Real Estate Property Investments Number Of New Properties And Properties Under Development
RealEstatePropertyInvestmentsNumberOfNewPropertiesAndPropertiesUnderDevelopment
110 property
CY2021Q1 o Real Estate Property Investments Area Of Real Estate Property Acquired
RealEstatePropertyInvestmentsAreaOfRealEstatePropertyAcquired
4828738 sqft
CY2021Q1 o Real Estate Property Investments Value Of Properties Acquired
RealEstatePropertyInvestmentsValueOfPropertiesAcquired
1027802000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
114559000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
6333000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6256000 USD
CY2021Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
5856000 USD
CY2020Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5817000 USD
CY2021Q1 us-gaap Other Liabilities
OtherLiabilities
277325000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
256863000 USD
CY2021Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P12Y7M6D
CY2021Q1 o Asset Acquisition Initial Average Cash Lease Yield For Acquired Properties Percentage
AssetAcquisitionInitialAverageCashLeaseYieldForAcquiredPropertiesPercentage
0.053
CY2021Q1 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
CY2021Q1 o Rental Revenue Generated From Acquisitions Investment Grade Tenants Percentage
RentalRevenueGeneratedFromAcquisitionsInvestmentGradeTenantsPercentage
0.39
CY2020Q1 o Rental Revenue Generated From Acquisitions Investment Grade Tenants Percentage
RentalRevenueGeneratedFromAcquisitionsInvestmentGradeTenantsPercentage
0.36
CY2021Q1 o Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P11Y9M18D
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
1990915 sqft
CY2020Q1 o Real Estate Property Investments Value Of Properties Acquired
RealEstatePropertyInvestmentsValueOfPropertiesAcquired
486015000 USD
CY2020Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P14Y1M6D
CY2020Q1 o Asset Acquisition Initial Average Cash Lease Yield For Acquired Properties Percentage
AssetAcquisitionInitialAverageCashLeaseYieldForAcquiredPropertiesPercentage
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 Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P14Y9M18D
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseRemainderOfFiscalYear
-27863000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
108990000 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year One
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearOne
-35809000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
134681000 USD
CY2021Q1 us-gaap Commercial Paper
CommercialPaper
675000000.0 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Two
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearTwo
-34204000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
122422000 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Three
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearThree
-32622000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
113625000 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease Year Four
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseYearFour
-32068000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
104241000 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease After Year Four
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecreaseAfterYearFour
-193122000 USD
CY2021Q1 o Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
566592000 USD
CY2021Q1 o Finite Lived Intangible Assets Rental Income Increase Decrease
FiniteLivedIntangibleAssetsRentalIncomeIncreaseDecrease
-355688000 USD
CY2021Q1 o Finite Lived Intangible Assets Amortization Expense Increase Decrease
FiniteLivedIntangibleAssetsAmortizationExpenseIncreaseDecrease
1150551000 USD
CY2021Q1 o Commercial Paper Program Maximum Aggregate Capacity
CommercialPaperProgramMaximumAggregateCapacity
1000000000.0 USD
CY2021Q1 us-gaap Commercial Paper
CommercialPaper
675000000.0 USD
CY2020Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2021Q1 o Number Of Mortgages Assumed During Period
NumberOfMortgagesAssumedDuringPeriod
0 mortgage
CY2020Q1 o Number Of Mortgages Assumed During Period
NumberOfMortgagesAssumedDuringPeriod
0 mortgage
CY2021Q1 o Number Of Noncontrolling Interests Consolidated
NumberOfNoncontrollingInterestsConsolidated
3 noncontrolling_interest
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Loss
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLoss
5700000 USD
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2028500000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1541400000 USD
CY2021Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-33200000 USD
CY2020Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-81500000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6662 property
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6662 property
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1000000.0 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1200000 USD
CY2021Q1 o Property Sales Count
PropertySalesCount
27 property
CY2020Q1 o Property Sales Count
PropertySalesCount
17 property
CY2021Q1 o Proceeds From Sale Of Property Held For Sale Including Property Swap Net
ProceedsFromSaleOfPropertyHeldForSaleIncludingPropertySwapNet
34700000 USD
CY2020Q1 o Proceeds From Sale Of Property Held For Sale Including Property Swap Net
ProceedsFromSaleOfPropertyHeldForSaleIncludingPropertySwapNet
126200000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
8400000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
38500000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2700000 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
4500000 USD
CY2021Q1 o Impaired Properties Held For Sale Number
ImpairedPropertiesHeldForSaleNumber
7 property
CY2020Q1 o Impaired Properties Held For Sale Number
ImpairedPropertiesHeldForSaleNumber
0 property
CY2021Q1 o Impaired Properties Held For Investment Number
ImpairedPropertiesHeldForInvestmentNumber
4 property
CY2020Q1 o Impaired Properties Held For Investment Number
ImpairedPropertiesHeldForInvestmentNumber
1 property
CY2021Q1 o Impaired Properties Sold Number
ImpairedPropertiesSoldNumber
10 property
CY2020Q1 o Impaired Properties Sold Number
ImpairedPropertiesSoldNumber
15 property
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2345
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2275
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2345
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2325
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2345
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2325
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.7035
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.6925
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.235
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
371522607 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
336624567 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
79294 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
351948 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
371601901 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
336976515 shares
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
56 segment
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
94800000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
84100000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3400000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2500000 USD
CY2020Q1 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
13800000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
183984000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41804000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
7776000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
82391000 USD
CY2021Q1 us-gaap Escrow Deposit
EscrowDeposit
1570000 USD
CY2020Q1 us-gaap Escrow Deposit
EscrowDeposit
12962000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193330000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137157000 USD
CY2021Q1 o Real Estate Investment Property Net Including Disposal Group Assets
RealEstateInvestmentPropertyNetIncludingDisposalGroupAssets
18197102000 USD
CY2020Q4 o Real Estate Investment Property Net Including Disposal Group Assets
RealEstateInvestmentPropertyNetIncludingDisposalGroupAssets
17485156000 USD
CY2021Q1 o Other Corporate Assets
OtherCorporateAssets
961259000 USD
CY2020Q4 o Other Corporate Assets
OtherCorporateAssets
1544474000 USD
CY2021Q1 us-gaap Assets
Assets
20979570000 USD
CY2020Q4 us-gaap Assets
Assets
20740285000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
439365000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
412157000 USD
CY2021Q1 us-gaap Other Income
OtherIncome
3439000 USD
CY2020Q1 us-gaap Other Income
OtherIncome
2184000 USD
CY2021Q1 us-gaap Revenues
Revenues
442804000 USD
CY2020Q1 us-gaap Revenues
Revenues
414341000 USD
CY2020Q1 us-gaap Severance Costs1
SeveranceCosts1
3500000 USD

Files In Submission

Name View Source Status
0000726728-21-000049-index-headers.html Edgar Link pending
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0000726728-21-000049.txt Edgar Link pending
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