2023 Q2 Form 10-Q Financial Statement

#000102537823000082 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $452.6M $427.8M
YoY Change 31.41% 22.77%
Cost Of Revenue $52.94M $101.0K
YoY Change 4531.41% -89.1%
Gross Profit $399.6M $427.7M
YoY Change 16.43% 23.07%
Gross Profit Margin 88.3% 99.98%
Selling, General & Admin $33.78M $34.21M
YoY Change 10.41% 10.66%
% of Gross Profit 8.45% 8.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $148.7M $156.4M
YoY Change 25.43% 31.29%
% of Gross Profit 37.2% 36.57%
Operating Expenses $177.3M $190.6M
YoY Change 21.73% 30.29%
Operating Profit $222.3M $237.1M
YoY Change 12.52% 17.83%
Interest Expense -$72.24M $67.20M
YoY Change -255.62% 45.91%
% of Operating Profit -32.49% 28.34%
Other Income/Expense, Net $4.337M $128.5M
YoY Change -118.32% 801.35%
Pretax Income $154.7M $309.6M
YoY Change 15.48% 88.67%
Income Tax $10.13M $15.12M
% Of Pretax Income 6.55% 4.88%
Net Earnings $144.6M $294.4M
YoY Change 13.27% 87.51%
Net Earnings / Revenue 31.95% 68.81%
Basic Earnings Per Share
Diluted Earnings Per Share $0.67 $1.39
COMMON SHARES
Basic Shares Outstanding 213.9M shares 210.6M shares
Diluted Shares Outstanding 215.2M shares 212.3M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.1M $147.9M
YoY Change 97.03% -27.98%
Cash & Equivalents $204.1M $147.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $43.00M $43.04M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $247.1M $192.1M
YoY Change 101.67% -12.28%
LONG-TERM ASSETS
Property, Plant & Equipment $13.13B $12.57B
YoY Change 25.28% 19.55%
Goodwill $1.037B $1.038B
YoY Change 16.32% 15.37%
Intangibles
YoY Change
Long-Term Investments $340.3M $341.2M
YoY Change -1.18% 0.52%
Other Assets $82.18M $82.89M
YoY Change -15.19% 55.73%
Total Long-Term Assets $18.83B $18.64B
YoY Change 22.81% 21.43%
TOTAL ASSETS
Total Short-Term Assets $247.1M $192.1M
Total Long-Term Assets $18.83B $18.64B
Total Assets $19.08B $18.83B
YoY Change 23.44% 20.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $643.8M $679.5M
YoY Change 21.54% 20.06%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $876.3M $911.0M
YoY Change 18.86% 17.98%
LONG-TERM LIABILITIES
Long-Term Debt $8.616B $8.258B
YoY Change 27.35% 21.83%
Other Long-Term Liabilities $157.7M $161.8M
YoY Change -9.75% -10.7%
Total Long-Term Liabilities $8.774B $8.420B
YoY Change 26.41% 20.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $876.3M $911.0M
Total Long-Term Liabilities $8.774B $8.420B
Total Liabilities $9.846B $9.513B
YoY Change 26.02% 20.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $214.0K $214.0K
YoY Change 10.88% 11.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.231B $9.302B
YoY Change
Total Liabilities & Shareholders Equity $19.08B $18.83B
YoY Change 23.44% 20.96%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $144.6M $294.4M
YoY Change 13.27% 87.51%
Depreciation, Depletion And Amortization $148.7M $156.4M
YoY Change 25.43% 31.29%
Cash From Operating Activities $247.6M $282.7M
YoY Change 17.35% 19.86%
INVESTING ACTIVITIES
Capital Expenditures $778.3M $178.9M
YoY Change -302.71% -162.28%
Acquisitions
YoY Change
Other Investing Activities $460.0M -$1.101M
YoY Change 776.54% -118.32%
Cash From Investing Activities -$318.3M -$587.3M
YoY Change -3.96% 156.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 128.3M $307.2M
YoY Change 81.19% 760.5%
NET CHANGE
Cash From Operating Activities 247.6M $282.7M
Cash From Investing Activities -318.3M -$587.3M
Cash From Financing Activities 128.3M $307.2M
Net Change In Cash 57.61M $6.690M
YoY Change -216.06% -83.55%
FREE CASH FLOW
Cash From Operating Activities $247.6M $282.7M
Capital Expenditures $778.3M $178.9M
Free Cash Flow -$530.7M $103.9M
YoY Change -189.2% -80.14%

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33000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax
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2886000 usd
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136000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Dividends
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229970000 usd
CY2023Q1 us-gaap Profit Loss
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6457000 usd
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9319362000 usd
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7583451000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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178965000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7833000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
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14000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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1.057
CY2022Q1 us-gaap Dividends
Dividends
205497000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
156993000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-9152000 usd
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7370000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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7694661000 usd
CY2023Q1 us-gaap Profit Loss
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294441000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
156993000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
177749000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
11248000 usd
CY2023Q1 us-gaap Depreciation Amortization And Accretion Net
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161314000 usd
CY2022Q1 us-gaap Depreciation Amortization And Accretion Net
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119136000 usd
CY2023Q1 us-gaap Straight Line Rent Adjustments
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CY2022Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-11763000 usd
CY2023Q1 wpc Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
10765000 usd
CY2022Q1 wpc Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
11639000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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7766000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7833000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5248000 usd
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5972000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5236000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4772000 usd
CY2023Q1 wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
4755000 usd
CY2022Q1 wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
35172000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4366000 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1242000 usd
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-3420000 usd
CY2022Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
773000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20179000 usd
CY2023Q1 wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
0 usd
CY2022Q1 wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
1024000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5935000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
21422000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
282727000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
235882000 usd
CY2023Q1 wpc Deposits To Acquire Real Estate
DepositsToAcquireRealEstate
467075000 usd
CY2022Q1 wpc Deposits To Acquire Real Estate
DepositsToAcquireRealEstate
0 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
143645000 usd
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
265426000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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41025000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
26684000 usd
CY2023Q1 wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
35221000 usd
CY2022Q1 wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
21767000 usd
CY2023Q1 wpc Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
29787000 usd
CY2022Q1 wpc Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
0 usd
CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
13716000 usd
CY2022Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
17960000 usd
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CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6011000 usd
CY2023Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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472000 usd
CY2022Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1426000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
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0 usd
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
65000000 usd
CY2023Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 usd
CY2022Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
18000000 usd
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CY2022Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
7000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-587272000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-229054000 usd
CY2023Q1 us-gaap Proceeds From Unsecured Lines Of Credit
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1018971000 usd
CY2022Q1 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
275331000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
635648000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
196840000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
249943000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
178994000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
226697000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
203131000 usd
CY2023Q1 wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
52876000 usd
CY2022Q1 wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
8050000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
37387000 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6437000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13326000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6599000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2886000 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1444000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2443000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
136000 usd
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
14000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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307174000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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35697000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4061000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-1844000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6690000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40681000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224141000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217950000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230831000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258631000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">W. P. Carey Inc. (“W. P. Carey”) is a REIT that, together with our consolidated subsidiaries, invests primarily in operationally-critical, single-tenant commercial real estate properties located in the United States and Northern and Western Europe on a long-term basis. We earn revenue principally by leasing the properties we own to companies on a triple-net lease basis, which generally requires each tenant to pay the costs associated with operating and maintaining the property.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1973, our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We elected to be taxed as a REIT under Section 856 through 860 of the Internal Revenue Code effective as of February 15, 2012. As a REIT, we are not subject to federal income taxes on income and gains that we distribute to our stockholders as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We also own real property in jurisdictions outside the United States through foreign subsidiaries and are subject to income taxes on our pre-tax income earned from properties in such countries. Through our taxable REIT subsidiaries (“TRSs”), we also earn revenue as the advisor to certain non-traded investment programs. We hold substantially all of our real estate assets under the REIT structure, while the activities conducted by our Investment Management segment subsidiaries have been organized under TRSs.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 1, 2022, a non-traded REIT that we advised, Corporate Property Associates 18 – Global Incorporated (“CPA:18 – Global”) merged with and into one of our indirect subsidiaries (the “CPA:18 Merger”). At March 31, 2023, we were the advisor to Carey European Student Housing Fund I, L.P. (“CESH”), a limited partnership formed for the purpose of developing, owning, and operating student housing properties in Europe (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i62d595ecd1f74a68a9e8cbe83112b465_46" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 3</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). We refer to CPA:18 – Global (prior to the CPA:18 Merger) and CESH collectively as the “Managed Programs.” We no longer raise capital for new or existing funds, but currently expect to continue managing CESH through the end of its life cycle (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i62d595ecd1f74a68a9e8cbe83112b465_46" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 3</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reportable Segments</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — Lease revenues from our real estate investments generate the vast majority of our earnings. We invest primarily in commercial properties located in the United States and Northern and Western Europe, which are leased to companies on a triple-net lease basis. At March 31, 2023, our portfolio was comprised of our full or partial ownership interests in 1,446 properties, totaling approximately 176 million square feet, substantially all of which were net leased to 397 tenants, with a weighted-average lease term of 10.9 years and an occupancy rate of 99.2%. In addition, at March 31, 2023, our portfolio was comprised of full or partial ownership interests in 99 operating properties, including 84 self-storage properties, 13 hotels, and two student housing properties, totaling approximately 7.6 million square feet.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Management</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — Through our TRSs, we manage the real estate investment portfolio for CESH, for which we earn asset management revenue. We may also be entitled to receive certain distributions pursuant to our advisory arrangements with CESH. At March 31, 2023, CESH wholly owned (i) two net-leased properties, totaling approximately 0.2 million square feet, both of which were leased to one tenant, with an occupancy rate of 100.0%, and (ii) one build-to-suit project.</span></div>
CY2023Q1 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
16 vie
CY2022Q4 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
16 vie
CY2022Q4 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
11 vie
CY2023Q1 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
11 vie
CY2023Q1 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
201000 usd
CY2022Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
204000 usd
CY2022Q4 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
5 vie
CY2023Q1 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
5 vie
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amounts due from affiliates are now included within Other assets, net in the consolidated balance sheets. Previously, such amounts were included within Due from affiliates in the consolidated balance sheets.</span></div>
CY2023Q1 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
Revenue RecognitionThere have been no significant changes in our policies for revenue from contracts under Accounting Standards Codification (“ASC”) 606 from what was disclosed in the 2022 Annual Report. ASC 606 does not apply to our lease revenues, which constitute a majority of our revenues, but primarily applies to revenues generated from our hotel operating properties and our Investment Management segment. Revenue from contracts under ASC 606 from our Investment Management segment is discussed in <span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i62d595ecd1f74a68a9e8cbe83112b465_46" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 3</a></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-weight:400;line-height:120%">Lease revenue (including straight-line lease revenue) is only recognized when deemed probable of collection. Collectibility is assessed for each tenant receivable using various criteria including credit ratings (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i62d595ecd1f74a68a9e8cbe83112b465_52" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 5</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), guarantees, past collection issues, and the current economic and business environment affecting the tenant. If collectibility of the contractual rent stream is not deemed probable, revenue will only be recognized upon receipt of cash from the tenant.</span>
CY2023Q1 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
185000 usd
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
329000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
147939000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
167996000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
82892000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
56145000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230831000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224141000 usd
CY2023Q1 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
732000 usd
CY2022Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
386000 usd
CY2023Q1 us-gaap Due From Affiliates
DueFromAffiliates
1118000 usd
CY2022Q4 us-gaap Due From Affiliates
DueFromAffiliates
919000 usd
CY2023Q1 wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.10
CY2023Q1 wpc Number Of Jointly Owned Investments
NumberOfJointlyOwnedInvestments
10 investment
CY2023Q1 wpc Number Of Jointly Owned Investments Equity Method Investments
NumberOfJointlyOwnedInvestmentsEquityMethodInvestments
4 investment
CY2023Q1 wpc Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
34100000 usd
CY2023Q1 wpc Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
9 property
wpc Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
8 property
CY2023Q1 wpc Unfunded Commitment
UnfundedCommitment
60700000 usd
CY2022Q4 wpc Unfunded Commitment
UnfundedCommitment
61100000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
44270000 usd
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
31584000 usd
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2 property
CY2023Q1 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
20637000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
700000 usd
CY2023Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
11400000 usd
CY2023Q1 wpc End Of Lease Payments
EndOfLeasePayments
1300000 usd
CY2022Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
8200000 usd
CY2022Q1 wpc End Of Lease Payments
EndOfLeasePayments
4700000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
308066000 usd
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
276141000 usd
CY2022Q1 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
13900000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
352336000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
307725000 usd
CY2023Q1 wpc Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
0 usd
CY2022Q4 wpc Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
3254000 usd
CY2023Q1 wpc Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
43038000 usd
CY2022Q4 wpc Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
57944000 usd
CY2023Q1 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
235963000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
234198000 usd
CY2023Q1 wpc Mortgage Loans Receivable Net
MortgageLoansReceivableNet
39250000 usd
CY2022Q4 wpc Mortgage Loans Receivable Net
MortgageLoansReceivableNet
39250000 usd
CY2023Q1 wpc Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss
1222345000 usd
CY2022Q4 wpc Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss
771761000 usd
CY2023Q1 wpc Loans Receivable Sales Type Lease Allowance For Credit Loss
LoansReceivableSalesTypeLeaseAllowanceForCreditLoss
2100000 usd
CY2022Q4 wpc Loans Receivable Sales Type Lease Allowance For Credit Loss
LoansReceivableSalesTypeLeaseAllowanceForCreditLoss
2100000 usd
CY2023Q1 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
320246000 usd
CY2022Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
332618000 usd
CY2023Q1 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
465626000 usd
CY2022Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
470839000 usd
CY2023Q1 wpc Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
785872000 usd
CY2022Q4 wpc Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
803457000 usd
CY2023Q1 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
284849000 usd
CY2022Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
296411000 usd
CY2023Q1 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
5312000 usd
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
8733000 usd
CY2023Q1 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
495711000 usd
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
498313000 usd
CY2023Q1 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
12700000 usd
CY2023Q1 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
490172000 usd
CY2022Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
0 usd
CY2023Q1 wpc Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit
SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
490172000 usd
CY2022Q4 wpc Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit
SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
0 usd
CY2023Q1 wpc Sales Type Lease Deferred Selling Profit
SalesTypeLeaseDeferredSellingProfit
38751000 usd
CY2022Q4 wpc Sales Type Lease Deferred Selling Profit
SalesTypeLeaseDeferredSellingProfit
0 usd
CY2023Q1 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
451421000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
0 usd
CY2023Q1 wpc Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
4800000 usd
CY2022Q1 wpc Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
4500000 usd
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
1229757000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
782594000 usd
CY2023Q1 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
4340164000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1561102000 usd
CY2023Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2779062000 usd
CY2022Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
4414293000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1587815000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2826478000 usd
CY2023Q1 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
234220000 usd
CY2023Q1 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
72372000 usd
CY2023Q1 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
161848000 usd
CY2022Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
309871000 usd
CY2022Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
125287000 usd
CY2022Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
184584000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67500000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52700000 usd
CY2022Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
32659000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
39274000 usd
CY2023Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
2090000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1693000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-6863000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
5982000 usd
CY2023Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-744000 usd
CY2022Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1679000 usd
CY2023Q1 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P59M
CY2023Q1 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
24573000 usd
CY2023Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q1 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
26800000 usd
CY2023Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
2100000 usd
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
1700000 usd
CY2023Q1 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
2100000 usd
CY2022Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
1700000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-71500000 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
76900000 usd
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2750000000 usd
CY2023Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1237244000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
830406000 usd
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.043
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
33700000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
325558000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1243485000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2107612000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
994102000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
544418000 usd
CY2023Q1 wpc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3101706000 usd
CY2023Q1 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
8316881000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
33754000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24879000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
8258248000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
294380000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
294380000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
156995000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
156995000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211951930 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191911414 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
393117 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
505228 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212345047 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
192416642 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.067
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10800000 usd
CY2022Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8300000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4400000 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1200000 usd
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 us-gaap Revenues
Revenues
427790000 usd
CY2022Q1 us-gaap Revenues
Revenues
348438000 usd
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
246745000 usd
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
198620000 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
128515000 usd
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14258000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15119000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7083000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
61000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
294380000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
156995000 usd
CY2023Q1 us-gaap Assets
Assets
18832407000 usd
CY2022Q4 us-gaap Assets
Assets
18102035000 usd

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