2021 Form 10-K Financial Statement

#000161154722000012 Filed on February 16, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $425.1M $87.30M $330.1M
YoY Change 28.78% -8.99% -14.85%
Cost Of Revenue $145.2M $34.20M $123.9M
YoY Change 17.23% -7.32% -10.67%
Gross Profit $279.8M $53.10M $206.2M
YoY Change 35.71% -10.0% -17.16%
Gross Profit Margin 65.83% 60.82% 62.47%
Selling, General & Admin $39.15M $12.10M $48.70M
YoY Change -19.61% 30.11% 27.49%
% of Gross Profit 13.99% 22.79% 23.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $94.14M $28.90M $97.75M
YoY Change -3.7% 2.48% 1.15%
% of Gross Profit 33.64% 54.43% 47.41%
Operating Expenses $131.5M $38.40M $144.8M
YoY Change -9.2% -50.83% -48.97%
Operating Profit $148.4M $14.70M $61.40M
YoY Change 141.62% -176.97% -276.03%
Interest Expense -$57.58M -$16.90M -$68.40M
YoY Change -15.82% 14.97% 20.21%
% of Operating Profit -38.81% -114.97% -111.4%
Other Income/Expense, Net
YoY Change
Pretax Income $109.0M -$6.100M $58.75M
YoY Change 85.44% -269.44% -49.99%
Income Tax $1.139M -$25.90M -$39.00M
% Of Pretax Income 1.05% -66.37%
Net Earnings $102.7M $19.00M $93.59M
YoY Change 9.72% 462.96% -14.55%
Net Earnings / Revenue 24.16% 21.76% 28.35%
Basic Earnings Per Share $0.88 $0.79
Diluted Earnings Per Share $0.88 $162.0K $0.79
COMMON SHARES
Basic Shares Outstanding 117.0M shares 116.7M shares 117.7M shares
Diluted Shares Outstanding 121.4M shares 117.9M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.5M $384.6M $384.6M
YoY Change -57.23% -11.18% -11.18%
Cash & Equivalents $164.5M $384.6M $384.6M
Short-Term Investments
Other Short-Term Assets $12.02M $11.60M $11.60M
YoY Change 3.63% 19.59% 19.59%
Inventory $0.00 $7.100M $7.100M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $239.2M $465.4M $465.4M
YoY Change -48.61% -11.05% -11.05%
LONG-TERM ASSETS
Property, Plant & Equipment $2.524B $2.300B $2.300B
YoY Change 9.71% 6.56% 6.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $115.7M $96.30M $96.30M
YoY Change 20.15% 24.26% 24.26%
Total Long-Term Assets $2.746B $2.474B $2.474B
YoY Change 10.98% 6.5% 6.5%
TOTAL ASSETS
Total Short-Term Assets $239.2M $465.4M $465.4M
Total Long-Term Assets $2.746B $2.474B $2.474B
Total Assets $2.985B $2.940B $2.940B
YoY Change 1.55% 3.27% 3.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $102.8M $99.70M $99.70M
YoY Change 3.06% -3.58% -3.58%
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 $109.4M $161.5M $161.5M
YoY Change -32.23% 47.89% 47.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.690B $1.591B $1.591B
YoY Change 6.27% 2.87% 2.87%
Other Long-Term Liabilities $137.6M $191.7M $191.7M
YoY Change -28.23% 12.04% 12.04%
Total Long-Term Liabilities $1.828B $1.782B $1.782B
YoY Change 2.56% 3.78% 3.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.4M $161.5M $161.5M
Total Long-Term Liabilities $1.828B $1.782B $1.782B
Total Liabilities $1.990B $1.944B $1.988B
YoY Change 0.09% 6.12% 5.83%
SHAREHOLDERS EQUITY
Retained Earnings -$39.47M
YoY Change -24.89%
Common Stock $1.169M
YoY Change -3.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $995.3M $951.6M $951.6M
YoY Change
Total Liabilities & Shareholders Equity $2.985B $2.940B $2.940B
YoY Change 1.55% 3.27% 3.27%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $102.7M $19.00M $93.59M
YoY Change 9.72% 462.96% -14.55%
Depreciation, Depletion And Amortization $94.14M $28.90M $97.75M
YoY Change -3.7% 2.48% 1.15%
Cash From Operating Activities $135.3M $38.00M $112.8M
YoY Change 19.9% -6.86% -27.86%
INVESTING ACTIVITIES
Capital Expenditures -$348.0M -$42.50M -$152.9M
YoY Change 127.61% -37.22% 10.24%
Acquisitions
YoY Change
Other Investing Activities $36.85M $0.00 $54.40M
YoY Change -32.26% -100.0% -60.03%
Cash From Investing Activities -$311.2M -$42.50M -$98.46M
YoY Change 216.03% -32.11% 3805.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$366.0K $53.74M
YoY Change -100.68% -12342.14%
Debt Paid & Issued, Net $18.19M $89.30M
YoY Change -79.63% 1498.39%
Cash From Financing Activities -$23.53M -247.2M -$80.25M
YoY Change -70.68% 737.97% -36.45%
NET CHANGE
Cash From Operating Activities $135.3M 38.00M $112.8M
Cash From Investing Activities -$311.2M -42.50M -$98.46M
Cash From Financing Activities -$23.53M -247.2M -$80.25M
Net Change In Cash -$199.4M -251.7M -$65.88M
YoY Change 202.68% 390.64% -338.59%
FREE CASH FLOW
Cash From Operating Activities $135.3M $38.00M $112.8M
Capital Expenditures -$348.0M -$42.50M -$152.9M
Free Cash Flow $483.3M $80.50M $265.7M
YoY Change 81.88% -25.81% -9.96%

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CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019 ue Partners Capital Account Redemptions Cash
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CY2019 us-gaap Dividends Common Stock Cash
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CY2019 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2020 us-gaap Dividends Common Stock Cash
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CY2020 ue Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
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5447000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16994000 USD
CY2020 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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6241000 USD
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CY2021 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2020 us-gaap Profit Loss
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2019 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Impairment Of Real Estate
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CY2019 us-gaap Impairment Of Real Estate
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CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2021 us-gaap Share Based Compensation
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CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2020 us-gaap Gain Loss On Termination Of Lease
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CY2019 us-gaap Gain Loss On Termination Of Lease
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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6802000 USD
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7522000 USD
CY2019 ue Operating Lease Rightof Use Asset Amortization
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CY2019 us-gaap Share Based Compensation
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CY2019 us-gaap Increase Decrease In Deferred Leasing Fees
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Payments For Capital Improvements
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2367000 USD
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0 USD
CY2019 ue Proceeds From Sale On Termination Of Lease
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6949000 USD
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Payments Of Debt Issuance Costs
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CY2019 us-gaap Payments Of Debt Issuance Costs
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2649000 USD
CY2021 ue Payments For Redemptionsof Units Partners Capital Account
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0 USD
CY2020 ue Payments For Redemptionsof Units Partners Capital Account
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0 USD
CY2019 ue Payments For Redemptionsof Units Partners Capital Account
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5978000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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439000 USD
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54141000 USD
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-65883000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27614000 USD
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419253000 USD
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485136000 USD
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457522000 USD
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219836000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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419253000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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485136000 USD
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64751000 USD
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10706000 USD
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21447000 USD
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56199000 USD
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CY2019 us-gaap Debt Instrument Decrease Forgiveness
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CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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0 USD
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55905000 USD
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432954000 USD
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CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
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419253000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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485136000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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457522000 USD
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164478000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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384572000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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432954000 USD
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34681000 USD
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52182000 USD
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219836000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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419253000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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485136000 USD
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Shares Issued
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117014317 shares
CY2021Q4 us-gaap Area Of Real Estate Property
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17000000 sqft
CY2021Q4 ue Lessee Operating Lease Number Of Properties
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24 property
CY2021 us-gaap Number Of Reportable Segments
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1 segment
CY2021 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results </span>could differ from those estimates. The most critical accounting policies, which involve the use of estimates and assumptions as to future uncertainties and, therefore, may result in actual amounts that differ from estimates include revenue recognition and collectibility of receivables, acquisitions of real estate
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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69400000 USD
CY2021 ue Variable Lease Income Percentage Rentand Consumer Price Index
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9800000 USD
CY2020 ue Variable Lease Income Percentage Rentand Consumer Price Index
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2400000 USD
CY2021 ue Variable Lease Income Tenant Expense Reimbursement
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101300000 USD
CY2020 ue Variable Lease Income Tenant Expense Reimbursement
VariableLeaseIncomeTenantExpenseReimbursement
96700000 USD
CY2020Q4 ue Number Of Variable Interest Entities
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2 entity
CY2021Q4 ue Number Of Variable Interest Entities
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2 entity
CY2021Q4 ue Number Of Variable Interest Entities
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2 entity
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
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P10Y
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span>A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk.
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
64600000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2700000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3000000 USD
CY2021 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
254126000 USD
CY2020 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
199496000 USD
CY2021Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
5200000 USD
CY2020Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
3100000 USD
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 asset
CY2020 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
199500000 USD
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
33463000 USD
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
9730000 USD
CY2021Q4 ue Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildingsand Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildingsandImprovements
195076000 USD
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
24850000 USD
CY2021Q4 ue Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedIntangibleLiabilities
8993000 USD
CY2021Q4 ue Business Combination Debt Premium
BusinessCombinationDebtPremium
0 USD
CY2021Q4 ue Business Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Rightofuse Assets Net Of Lease Liabilities
BusinessAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRightofuseAssetsNetOfLeaseLiabilities
0 USD
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
254126000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
68537000 USD
CY2020Q4 ue Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildingsand Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildingsandImprovements
144009000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
19526000 USD
CY2020Q4 ue Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedIntangibleLiabilities
31029000 USD
CY2020Q4 ue Business Combination Debt Premium
BusinessCombinationDebtPremium
6973000 USD
CY2020Q4 ue Business Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Rightofuse Assets Net Of Lease Liabilities
BusinessAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRightofuseAssetsNetOfLeaseLiabilities
5012000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
414000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
199496000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y8M12D
CY2021 ue Acquired Finitelived Intangible Assets Weighted Average Related Liabilities
AcquiredFinitelivedIntangibleAssetsWeightedAverageRelatedLiabilities
P14Y8M12D
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y3M18D
CY2020 ue Acquired Finitelived Intangible Assets Weighted Average Related Liabilities
AcquiredFinitelivedIntangibleAssetsWeightedAverageRelatedLiabilities
P27Y2M12D
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
18600000 USD
CY2021 ue Proceeds From Sale On Termination Of Lease
ProceedsFromSaleOnTerminationOfLease
2400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
71107000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
56184000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
135654000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
219558000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
35029000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
71375000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
100625000 USD
CY2021Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1400000000 USD
CY2021Q4 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.15
CY2021Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.15
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
148183000 USD
CY2021 ue Amortization Of Acquired Below Market Lease Net Of Acquired Above Market Lease
AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease
55200000 USD
CY2020 ue Amortization Of Acquired Below Market Lease Net Of Acquired Above Market Lease
AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease
10600000 USD
CY2019 ue Amortization Of Acquired Below Market Lease Net Of Acquired Above Market Lease
AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease
15900000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8600000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10200000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8800000 USD
CY2021Q4 ue Below Market Lease Net Of Above Market Lease Amortization Income Year One
BelowMarketLeaseNetOfAboveMarketLeaseAmortizationIncomeYearOne
7817000 USD
CY2021Q4 ue Below Market Lease Net Of Above Market Lease Amortization Income Year Two
BelowMarketLeaseNetOfAboveMarketLeaseAmortizationIncomeYearTwo
7771000 USD
CY2021Q4 ue Below Market Lease Net Of Above Market Lease Amortization Income Year Three
BelowMarketLeaseNetOfAboveMarketLeaseAmortizationIncomeYearThree
7536000 USD
CY2021Q4 ue Below Market Lease Net Of Above Market Lease Amortization Income Year Four
BelowMarketLeaseNetOfAboveMarketLeaseAmortizationIncomeYearFour
7354000 USD
CY2021Q4 ue Below Market Lease Net Of Above Market Lease Amortization Income Year Five
BelowMarketLeaseNetOfAboveMarketLeaseAmortizationIncomeYearFive
6976000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
98915000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
349814000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
163721000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
40946000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
230694000 USD
CY2021Q4 ue Long Term Debt Maturities Repayments Of Principal After Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
811318000 USD
CY2017Q1 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
100000000 USD
CY2021 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.60
CY2021Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.15
CY2021Q4 ue Reduction In Deferred Tax Assets
ReductionInDeferredTaxAssets
1200000 USD
CY2021Q3 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.15
CY2020Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.22
CY2020Q4 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.46
CY2019 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.88
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.68
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.88
CY2021 ue Ordinary Income Distributed Percent
OrdinaryIncomeDistributedPercent
1
CY2020 ue Ordinary Income Distributed Percent
OrdinaryIncomeDistributedPercent
1
CY2019 ue Ordinary Income Distributed Percent
OrdinaryIncomeDistributedPercent
0.83
CY2021 ue Returnof Capital Distributed Percent
ReturnofCapitalDistributedPercent
0
CY2020 ue Returnof Capital Distributed Percent
ReturnofCapitalDistributedPercent
0
CY2019 ue Returnof Capital Distributed Percent
ReturnofCapitalDistributedPercent
0
CY2021 ue Capital Gains Distributed Percent
CapitalGainsDistributedPercent
0
CY2020 ue Capital Gains Distributed Percent
CapitalGainsDistributedPercent
0
CY2019 ue Capital Gains Distributed Percent
CapitalGainsDistributedPercent
0.17
CY2020Q4 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.46
CY2021Q4 ue Reduction In Deferred Tax Assets
ReductionInDeferredTaxAssets
1200000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1228000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4525000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
66000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1118000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5818000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
917000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2257000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-44814000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
370000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1139000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-38996000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1287000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22880000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12338000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
24672000 USD
CY2021 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
IncomeTaxReconciliationDeductionsExtraterritorialIncomeExclusion
22875000 USD
CY2020 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
IncomeTaxReconciliationDeductionsExtraterritorialIncomeExclusion
12339000 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
IncomeTaxReconciliationDeductionsExtraterritorialIncomeExclusion
24677000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
225000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
11000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
66000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2362000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-43515000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1221000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1453000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4509000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1139000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-38996000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1287000 USD
CY2021Q4 ue Deferred Tax Asset Depreciation
DeferredTaxAssetDepreciation
40793000 USD
CY2020Q4 ue Deferred Tax Asset Depreciation
DeferredTaxAssetDepreciation
41942000 USD
CY2021Q4 ue Deferred Tax Assets Tax Deferred Expense Finance Costs
DeferredTaxAssetsTaxDeferredExpenseFinanceCosts
860000 USD
CY2020Q4 ue Deferred Tax Assets Tax Deferred Expense Finance Costs
DeferredTaxAssetsTaxDeferredExpenseFinanceCosts
1105000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
735000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
2109000 USD
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
7000 USD
CY2020Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
7000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1425000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
107000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3061000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4514000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40759000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40756000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
1394000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
0 USD
CY2021Q4 ue Deferred Tax Liabilities Straightline Rent
DeferredTaxLiabilitiesStraightlineRent
961000 USD
CY2020Q4 ue Deferred Tax Liabilities Straightline Rent
DeferredTaxLiabilitiesStraightlineRent
738000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
205000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
228000 USD
CY2021Q4 ue Deferred Tax Liabilities Accrued Interest Expense
DeferredTaxLiabilitiesAccruedInterestExpense
779000 USD
CY2020Q4 ue Deferred Tax Liabilities Accrued Interest Expense
DeferredTaxLiabilitiesAccruedInterestExpense
113000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3339000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1079000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
37420000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
39677000 USD
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
318585000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
235488000 USD
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
103882000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
92792000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
422467000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
328280000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
258992000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
247248000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
216275000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
192115000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
171170000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
748432000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1834232000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
10162000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
10875000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2710000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
2792000 USD
CY2021 us-gaap Lease Cost
LeaseCost
12872000 USD
CY2020 us-gaap Lease Cost
LeaseCost
13667000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
19100000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
17700000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
772000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y9M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P34Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y8M12D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P35Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0398
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0401
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0399
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0401
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
9584000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
10033000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
120000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
120000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1740000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9089000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
109000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8212000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
109000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8225000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
109000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6324000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
109000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6092000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
124000 USD
CY2021Q4 ue Lessee Operating Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearAfterYearFive
51409000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
6299000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
89351000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6859000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24773000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3855000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
64578000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3004000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
39677000 USD
CY2021Q4 ue Inventory Real Estate Number Of Projects
InventoryRealEstateNumberOfProjects
21 project
CY2021Q4 ue Inventory Estimated Real Estate Development Costs
InventoryEstimatedRealEstateDevelopmentCosts
218700000 USD
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
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