2017 Q4 Form 10-K Financial Statement

#000161600019000026 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $259.1M $223.3M $244.4M
YoY Change 17.9% -4.56% -6.5%
Cost Of Revenue $108.4M $143.6M $147.6M
YoY Change 21.25% 0.34% -5.36%
Gross Profit $150.7M $79.66M $96.78M
YoY Change 15.57% -12.27% -8.18%
Gross Profit Margin 58.15% 35.68% 39.6%
Selling, General & Admin $85.40M $71.50M $75.00M
YoY Change 22.35% -2.99% -5.54%
% of Gross Profit 56.67% 89.75% 77.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.40M $37.60M $36.70M
YoY Change 12.77% -0.79% -4.68%
% of Gross Profit 28.14% 47.2% 37.92%
Operating Expenses $127.8M $109.0M $111.6M
YoY Change 19.22% -2.24% -5.18%
Operating Profit $22.90M $20.98M $38.95M
YoY Change -1.29% -34.68% -13.59%
Interest Expense -$13.40M $11.60M $11.15M
YoY Change 32.67% -6.26% -12.93%
% of Operating Profit -58.52% 55.28% 28.62%
Other Income/Expense, Net $100.0K $428.0K $186.0K
YoY Change -96.0% -42.01% 97.87%
Pretax Income $10.00M $11.38M $76.89M
YoY Change -77.68% -43.78% 138.51%
Income Tax -$400.0K -$385.0K $5.889M
% Of Pretax Income -4.0% -3.38% 7.66%
Net Earnings $9.824M $11.77M $71.00M
YoY Change -79.85% -41.87% 175.53%
Net Earnings / Revenue 3.79% 5.27% 29.05%
Basic Earnings Per Share
Diluted Earnings Per Share $90.65K $108.4K $641.4K
COMMON SHARES
Basic Shares Outstanding 106.7M shares 106.7M shares 106.8M shares
Diluted Shares Outstanding 107.0M shares 107.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.90M $450.4M $201.8M
YoY Change -66.73% 143.07% -27.44%
Cash & Equivalents $71.88M $450.4M $201.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $35.90M $34.50M $36.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $107.8M $484.9M $238.2M
YoY Change -54.91% 121.52% -22.16%
LONG-TERM ASSETS
Property, Plant & Equipment $2.691B $2.434B $2.451B
YoY Change 10.12% -4.27% -4.54%
Goodwill $39.83M
YoY Change -5.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $212.4M $62.90M $83.00M
YoY Change 192.97% -27.95% -3.6%
Total Long-Term Assets $3.008B $2.604B $2.636B
YoY Change 14.74% -4.55% -4.12%
TOTAL ASSETS
Total Short-Term Assets $107.8M $484.9M $238.2M
Total Long-Term Assets $3.008B $2.604B $2.636B
Total Assets $3.115B $3.089B $2.874B
YoY Change 8.91% 4.81% -5.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.00M $79.90M $71.90M
YoY Change 6.94% -2.2% -7.46%
Accrued Expenses
YoY Change
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 $106.9M $109.8M $101.8M
YoY Change 4.91% -1.79% -5.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.323B $1.286B $1.063B
YoY Change 22.79% 9.99% -16.0%
Other Long-Term Liabilities $40.70M $36.10M $36.70M
YoY Change 36.58% -16.05% -23.86%
Total Long-Term Liabilities $1.363B $1.322B $1.100B
YoY Change 23.16% 9.07% -16.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $106.9M $109.8M $101.8M
Total Long-Term Liabilities $1.363B $1.322B $1.100B
Total Liabilities $1.470B $1.432B $1.202B
YoY Change 21.63% 8.14% -15.48%
SHAREHOLDERS EQUITY
Retained Earnings -$321.0M -$301.2M -$283.4M
YoY Change 6.27% -6.25% -9.12%
Common Stock $1.068M $1.068M $1.068M
YoY Change 0.0% -0.47% -0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.615B $1.628B $1.645B
YoY Change
Total Liabilities & Shareholders Equity $3.115B $3.089B $2.874B
YoY Change 8.91% 4.81% -5.92%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $9.824M $11.77M $71.00M
YoY Change -79.85% -41.87% 175.53%
Depreciation, Depletion And Amortization $42.40M $37.60M $36.70M
YoY Change 12.77% -0.79% -4.68%
Cash From Operating Activities $41.60M $61.10M $75.90M
YoY Change -26.76% 2.52% -4.65%
INVESTING ACTIVITIES
Capital Expenditures -$436.9M -$20.20M -$221.6M
YoY Change 2010.63% 12.85% 1617.83%
Acquisitions
YoY Change
Other Investing Activities $6.000M $11.50M $186.9M
YoY Change -95.15% -776.47% 57.72%
Cash From Investing Activities -$431.0M -$8.600M -$34.80M
YoY Change -518.45% -56.12% -132.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.300M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.400M 192.1M -43.90M
YoY Change -104.72% -244.76% -34.18%
NET CHANGE
Cash From Operating Activities 41.60M 61.10M 75.90M
Cash From Investing Activities -431.0M -8.600M -34.80M
Cash From Financing Activities 6.400M 192.1M -43.90M
Net Change In Cash -383.0M 244.6M -2.800M
YoY Change -1689.21% -363.86% -102.36%
FREE CASH FLOW
Cash From Operating Activities $41.60M $61.10M $75.90M
Capital Expenditures -$436.9M -$20.20M -$221.6M
Free Cash Flow $478.5M $81.30M $297.5M
YoY Change 517.42% 4.9% 221.62%

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EarningsPerShareBasicAndDiluted
0.11
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.92
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.75
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
9600000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3286000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3578000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28175000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27189000 USD
CY2016 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
30195000 USD
CY2017 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
50747000 USD
CY2018 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
123540000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
30195000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
50747000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
123540000 USD
CY2016 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
CY2017 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
559000 USD
CY2017 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
600000 USD
CY2018 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
5043000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5155000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-274000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-599000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31374000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31552000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30460000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
39825000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
34352000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
91807000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
108649000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
204525000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5077000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7833000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5993000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
20000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-10000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
666000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
529000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-131000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32024000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
38027000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
42950000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-275000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-283000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-38000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
986000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1109000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1821000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-7000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-2000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-2000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7863000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4663000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7709000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-1470000 USD
CY2017 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1909000 USD
CY2018 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-4104000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8192000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11035000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1307000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3244000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-229000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3513000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4439000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8019000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-204000 USD
CY2017Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
400000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
68000000 USD
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
61541000 USD
CY2016 us-gaap Interest Expense
InterestExpense
48113000 USD
CY2017 us-gaap Interest Expense
InterestExpense
46294000 USD
CY2018 us-gaap Interest Expense
InterestExpense
51402000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
44567000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
42888000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
49152000 USD
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
5400000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2878375000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
3113745000 USD
CY2017Q4 us-gaap Land
Land
440930000 USD
CY2018Q4 us-gaap Land
Land
477350000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1470222000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1317382000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3115308000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3170087000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
1322593000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1155088000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
558827000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3606000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
127700000 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
131000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1954000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8113000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
69418000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11638000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9693000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
98862000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1387000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
737000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
90000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2630000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4844000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85855000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
272719000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
180405000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19222000 USD
CY2017Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0371
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0382
CY2017Q4 us-gaap Minority Interest
MinorityInterest
30181000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
28792000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
316000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
594000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2018 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
12273000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-242944000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118121000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-173188000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
100777000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-487558000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49802000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
229443000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
212814000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
254194000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
875000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
114000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1580000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
129000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
55656000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28794000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9244000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
99994000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
193688000 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
-268000 USD
CY2017 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
-99000 USD
CY2018 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
-288000 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
1188000 USD
CY2017 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2169000 USD
CY2018 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
5185000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
341000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
0 USD
CY2018 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
79000 USD
CY2016Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
42 property
CY2017Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
39 property
CY2018Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
40 property
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2016Q4 us-gaap Number Of Units In Real Estate Property
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10911 unit
CY2017Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
11533 unit
CY2018Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
11165 unit
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
111503000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
103617000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
131824000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5447000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5848000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4882000 USD
CY2016 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
10035000 USD
CY2017 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
950000 USD
CY2018 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
36349000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
35619000 USD
CY2016 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-322000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
3388000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4944000 USD
CY2016 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3833000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2396000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2826000 USD
CY2016 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
12848000 USD
CY2017 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
14438000 USD
CY2018 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
19677000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
40694000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
45753000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3377000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
853000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1162000 USD
CY2018 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
837000 USD
CY2018 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
37224 shares
CY2016 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
58823000 USD
CY2017 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
86401000 USD
CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
108210000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
73976000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4103000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4100000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4813000 USD
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
115130000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118442000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
121733000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
974000 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3207000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4824000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1700000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
561000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1861000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1021000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
316000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
594000 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2016 us-gaap Pre Opening Costs
PreOpeningCosts
0 USD
CY2017 us-gaap Pre Opening Costs
PreOpeningCosts
0 USD
CY2018 us-gaap Pre Opening Costs
PreOpeningCosts
488000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
137400000 USD
CY2016 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
111968000 USD
CY2017 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
215000000 USD
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
83000000 USD
CY2016 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
125000000 USD
CY2017 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
125000000 USD
CY2018 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
65000000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
120000000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
170000000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
341000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
79000 USD
CY2016 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
275600000 USD
CY2017 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
204353000 USD
CY2018 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
412557000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
86730000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
8227000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
70998000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
11767000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
9824000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
100816000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
57043000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
29531000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
9334000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
102624000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
198532000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
945277000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
580285000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
619975000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
628450000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
715949000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3221989000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3063564000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3319305000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3591095000 USD
CY2016 us-gaap Real Estate Improvements
RealEstateImprovements
57919000 USD
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
84290000 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
102904000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
628450000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
715949000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3319305000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3591095000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2690855000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2875146000 USD
CY2016 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
114085000 USD
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
605826000 USD
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
358541000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
80000000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
210000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
70973000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
58520000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
70195000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-320964000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-249654000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
950160000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
218460000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
244392000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
223289000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
259136000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
264498000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
277057000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
240989000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275663000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1058207000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
143212000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
139726000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
154126000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
1322593000 USD
CY2018Q4 us-gaap Secured Debt
SecuredDebt
1155088000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
8968000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
9930000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
9172000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2017 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
98269000 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
70269000 USD
CY2018Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
0 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
46637000 USD
CY2018Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
0 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2893 shares
CY2018 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
193005000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1400000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
962253 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
960302 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1741534 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1975057 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1859774 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.67
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
657305 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1039879 shares
CY2018Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
24.02
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5719959 shares
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
134868000 USD
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
240352 shares
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
73976000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4103000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1614905000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1823913000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1743358000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1651567000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1645086000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1852705000 USD
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
17.07
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
98000 USD
CY2016 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
85382000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
130290 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
252044 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
253592 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108142998 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107019152 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110377734 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108012708 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106767108 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110124142 shares
CY2018Q4 xhr Acquisition Of Membership Interest Equity Interests Issued
AcquisitionOfMembershipInterestEquityInterestsIssued
12200000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Net
AmortizationofAboveandBelowMarketLeasesNet
3241000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Next Twelve Months
AmortizationofAboveandBelowMarketLeasesNextTwelveMonths
194000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Year Five
AmortizationofAboveandBelowMarketLeasesYearFive
194000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Year Four
AmortizationofAboveandBelowMarketLeasesYearFour
194000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Year Three
AmortizationofAboveandBelowMarketLeasesYearThree
194000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leases Year Two
AmortizationofAboveandBelowMarketLeasesYearTwo
194000 USD
CY2018Q4 xhr Amortizationof Aboveand Below Market Leasesafter Year Five
AmortizationofAboveandBelowMarketLeasesafterYearFive
2271000 USD
CY2016 xhr Amortizationof Market Leasesand Other Leasetangibles
AmortizationofMarketLeasesandOtherLeasetangibles
2950000 USD
CY2017 xhr Amortizationof Market Leasesand Other Leasetangibles
AmortizationofMarketLeasesandOtherLeasetangibles
4500000 USD
CY2018 xhr Amortizationof Market Leasesand Other Leasetangibles
AmortizationofMarketLeasesandOtherLeasetangibles
3854000 USD
CY2018 xhr Amortizationof Stock Issuance Costs
AmortizationofStockIssuanceCosts
800000 USD
CY2018Q1 xhr Common Stock Maximum Authorized Pursuant To At The Market Agreements Value
CommonStockMaximumAuthorizedPursuantToAtTheMarketAgreementsValue
200000000 USD
CY2018Q4 xhr Common Stock Remaining Available Pursuant To At The Market Agreements Value
CommonStockRemainingAvailablePursuantToAtTheMarketAgreementsValue
62600000 USD
CY2017 xhr Dividends Taxed As Ordinary Income Percent
DividendsTaxedAsOrdinaryIncomePercent
0.962
CY2018 xhr Dividends Taxed As Ordinary Income Percent
DividendsTaxedAsOrdinaryIncomePercent
1.00
CY2017 xhr Dividends Taxed As Return Of Capital Percent
DividendsTaxedAsReturnOfCapitalPercent
0.038
CY2016 xhr Effective Income Tax Rate Reconciliation At Combined Federaland State Statutory Rate
EffectiveIncomeTaxRateReconciliationAtCombinedFederalandStateStatutoryRate
0.3626
CY2017 xhr Effective Income Tax Rate Reconciliation At Combined Federaland State Statutory Rate
EffectiveIncomeTaxRateReconciliationAtCombinedFederalandStateStatutoryRate
0.3728
CY2018 xhr Effective Income Tax Rate Reconciliation At Combined Federaland State Statutory Rate
EffectiveIncomeTaxRateReconciliationAtCombinedFederalandStateStatutoryRate
0.2385
CY2016 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
-28351000 USD
CY2017 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
-31551000 USD
CY2018 xhr Effective Income Tax Rate Reconciliation Tax Benefit Relatedto Real Estate Investment Trust Operations
EffectiveIncomeTaxRateReconciliationTaxBenefitRelatedtoRealEstateInvestmentTrustOperations
-38601000 USD
CY2018Q4 xhr Longterm Debt Line Of Credit Facility Weighted Average Interest Rate
LongtermDebtLineOfCreditFacilityWeightedAverageInterestRate
0.0406
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principal After Year Five Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalAfterYearFiveWeightedAverageInterestRate
0.0417
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principalin Next Twelve Months Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalinNextTwelveMonthsWeightedAverageInterestRate
0.0430
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principalin Year Five Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFiveWeightedAverageInterestRate
0.0406
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principalin Year Four Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourWeightedAverageInterestRate
0.0362
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principalin Year Three Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreeWeightedAverageInterestRate
0.0284
CY2018Q4 xhr Longterm Debt Maturities Repaymentsof Principalin Year Two Weighted Average Interest Rate
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoWeightedAverageInterestRate
0.0399
CY2016 xhr Net Income Loss Attributableto Noncontrolling Interestin Consolidated Real Estate Entities
NetIncomeLossAttributabletoNoncontrollingInterestinConsolidatedRealEstateEntities
-268000 USD
CY2017 xhr Net Income Loss Attributableto Noncontrolling Interestin Consolidated Real Estate Entities
NetIncomeLossAttributabletoNoncontrollingInterestinConsolidatedRealEstateEntities
-99000 USD
CY2018 xhr Net Income Loss Attributableto Noncontrolling Interestin Consolidated Real Estate Entities
NetIncomeLossAttributabletoNoncontrollingInterestinConsolidatedRealEstateEntities
-288000 USD
CY2016 xhr Net Income Loss Attributableto Noncontrolling Interestof Common Unitsin Operating Partnership
NetIncomeLossAttributabletoNoncontrollingInterestofCommonUnitsinOperatingPartnership
1143000 USD
CY2017 xhr Net Income Loss Attributableto Noncontrolling Interestof Common Unitsin Operating Partnership
NetIncomeLossAttributabletoNoncontrollingInterestofCommonUnitsinOperatingPartnership
2053000 USD
CY2018 xhr Net Income Loss Attributableto Noncontrolling Interestof Common Unitsin Operating Partnership
NetIncomeLossAttributabletoNoncontrollingInterestofCommonUnitsinOperatingPartnership
5132000 USD
CY2018Q4 xhr Number Of Mortgages Repaid During Period
NumberOfMortgagesRepaidDuringPeriod
2 loan
CY2018Q4 xhr Number Of Properties Subject To Parking Leases
NumberOfPropertiesSubjectToParkingLeases
3 property
CY2016 xhr Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
0 USD
CY2017 xhr Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
0 USD
CY2018 xhr Payments For Redemption Of Partnership Capital Units
PaymentsForRedemptionOfPartnershipCapitalUnits
837000 USD
CY2016 xhr Payments To Acquire Noncontrolling Interest In Equity Method Investment
PaymentsToAcquireNoncontrollingInterestInEquityMethodInvestment
0 USD
CY2017 xhr Payments To Acquire Noncontrolling Interest In Equity Method Investment
PaymentsToAcquireNoncontrollingInterestInEquityMethodInvestment
0 USD
CY2018 xhr Payments To Acquire Noncontrolling Interest In Equity Method Investment
PaymentsToAcquireNoncontrollingInterestInEquityMethodInvestment
12273000 USD
CY2016 xhr Paymentsto Acquire Businesses Gross Tangible Assets
PaymentstoAcquireBusinessesGrossTangibleAssets
116000000 USD
CY2016 xhr Sec Schedule Iii Real Estate Disposalsand Write Offs
SECScheduleIIIRealEstateDisposalsandWriteOffs
330429000 USD
CY2017 xhr Sec Schedule Iii Real Estate Disposalsand Write Offs
SECScheduleIIIRealEstateDisposalsandWriteOffs
258150000 USD
CY2018 xhr Sec Schedule Iii Real Estate Disposalsand Write Offs
SECScheduleIIIRealEstateDisposalsandWriteOffs
189655000 USD
CY2016 xhr Sec Schedule Iii Real Estate Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstatePropertiesClassifiedasHeldforSale
0 USD
CY2017 xhr Sec Schedule Iii Real Estate Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstatePropertiesClassifiedasHeldforSale
176225000 USD
CY2018 xhr Sec Schedule Iii Real Estate Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstatePropertiesClassifiedasHeldforSale
0 USD
CY2017 xhr Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Expiredin Period
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpiredinPeriod
71425 shares
CY2018 xhr Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Expiredin Period
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpiredinPeriod
32813 shares
CY2017 xhr Tax Cutsand Jobs Actof2017 Measurement Period Adjustment Income Tax Expense Benefit
TaxCutsandJobsActof2017MeasurementPeriodAdjustmentIncomeTaxExpenseBenefit
600000 USD
CY2017 xhr Paymentsto Acquire Businesses Gross Tangible Assets
PaymentstoAcquireBusinessesGrossTangibleAssets
605510000 USD
CY2018 xhr Paymentsto Acquire Businesses Gross Tangible Assets
PaymentstoAcquireBusinessesGrossTangibleAssets
354149000 USD
CY2017 xhr Prepayment And Extinguishment Fees On Repayment Of Debt
PrepaymentAndExtinguishmentFeesOnRepaymentOfDebt
300000 USD
CY2018 xhr Prepayment And Extinguishment Fees On Repayment Of Debt
PrepaymentAndExtinguishmentFeesOnRepaymentOfDebt
600000 USD
CY2016 xhr Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
0 USD
CY2017 xhr Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
0 USD
CY2018 xhr Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
135031000 USD
CY2017 xhr Project Costs Capitalized
ProjectCostsCapitalized
2700000 USD
CY2018 xhr Project Costs Capitalized
ProjectCostsCapitalized
2800000 USD
CY2016 xhr Real Estate Taxes Personal Property Taxesand Insurance
RealEstateTaxesPersonalPropertyTaxesandInsurance
46248000 USD
CY2017 xhr Real Estate Taxes Personal Property Taxesand Insurance
RealEstateTaxesPersonalPropertyTaxesandInsurance
44310000 USD
CY2018 xhr Real Estate Taxes Personal Property Taxesand Insurance
RealEstateTaxesPersonalPropertyTaxesandInsurance
47721000 USD
CY2016 xhr Repaymentsof Secured Debt Payoffs
RepaymentsofSecuredDebtPayoffs
276903000 USD
CY2017 xhr Repaymentsof Secured Debt Payoffs
RepaymentsofSecuredDebtPayoffs
127876000 USD
CY2018 xhr Repaymentsof Secured Debt Payoffs
RepaymentsofSecuredDebtPayoffs
271709000 USD
CY2016 xhr Repaymentsof Secured Debt Principal Payments
RepaymentsofSecuredDebtPrincipalPayments
7580000 USD
CY2017 xhr Repaymentsof Secured Debt Principal Payments
RepaymentsofSecuredDebtPrincipalPayments
5796000 USD
CY2018 xhr Repaymentsof Secured Debt Principal Payments
RepaymentsofSecuredDebtPrincipalPayments
3901000 USD
CY2016 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Accumulated Deprecation Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationAccumulatedDeprecationPropertiesClassifiedasHeldforSale
0 USD
CY2017 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Accumulated Deprecation Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationAccumulatedDeprecationPropertiesClassifiedasHeldforSale
32975000 USD
CY2018 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Accumulated Deprecation Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationAccumulatedDeprecationPropertiesClassifiedasHeldforSale
0 USD
CY2016 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePropertiesClassifiedasHeldforSale
0 USD
CY2017 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePropertiesClassifiedasHeldforSale
8808000 USD
CY2018 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Properties Classifiedas Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePropertiesClassifiedasHeldforSale
0 USD
CY2016 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Disposalsand Write Offs
SECScheduleIIIRealEstateAccumulatedDepreciationDisposalsandWriteOffs
103522000 USD
CY2017 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Disposalsand Write Offs
SECScheduleIIIRealEstateAccumulatedDepreciationDisposalsandWriteOffs
107084000 USD
CY2018 xhr Sec Schedule Iii Real Estate Accumulated Depreciation Disposalsand Write Offs
SECScheduleIIIRealEstateAccumulatedDepreciationDisposalsandWriteOffs
66627000 USD
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:start;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:underline;">Risks and Uncertainties</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">The Company had a geographical concentration of revenues generated in Orlando, Florida for the year ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2018</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, where </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">11%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the total revenue of the Company were generated. For the years ended December 31, 2017 and 2016, the Company had a geographical concentration of revenues generated in Houston, Texas where </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">10%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">11%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the revenues of the Company were generated, respectively. To the extent that there are adverse changes in these markets, or the industry sectors that operate in these markets, our business and operating results could be negatively impacted. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company's financial position. Should any of our hotels experience a significant decline in operational performance, it may affect the Company's ability to make distributions to our stockholders and service debt or meet other financial obligations.</font></div></div>
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;"></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Organization</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Xenia Hotels &amp; Resorts, Inc. (the "Company" or "Xenia") is a Maryland corporation that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts in Top 25 lodging markets as well as key leisure destinations in the United States ("U.S."). </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Substantially all of the Company's assets are held by, and all the operations are conducted through XHR LP (the "Operating Partnership"). XHR GP, Inc. is the sole general partner of XHR LP and is wholly owned by the Company. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2018</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company collectively owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">97.5%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the common limited partnership units issued by the Operating Partnership ("Operating Partnership Units"). The remaining </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2.5%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of the Operating Partnership Units are owned by the other limited partners comprised of certain of our current executive officers and members of our Board of Directors and includes unvested long-term incentive plan ("LTIP") partnership units. LTIP partnership units may or may not vest based on the passage of time and meeting certain market-based performance objectives. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Xenia operates as a real estate investment trust ("REIT") for U.S. federal income tax purposes. To qualify as a REIT, the Company cannot operate or manage its hotels. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to XHR Holding Inc. (collectively with its subsidiaries, "XHR Holding"), the Company's taxable REIT subsidiary ("TRS"), which engages third-party eligible independent operators to manage the hotels. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2018</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">40</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> lodging properties with a total of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">11,165</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> rooms (unaudited). As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">39</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> lodging properties, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">37</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of which were wholly owned, with a total of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">11,533</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> rooms (unaudited). As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">, the Company owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">42</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">lodging properties, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">40</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> of which were wholly owned, with </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">10,911</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> rooms (unaudited). The remaining </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">two</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> hotels for the years ended December 31, 2017 and 2016 were owned through individual investments in real estate entities in which the Company had a </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">75%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> ownership interest in each investment. During the year ended December 31, 2018, the Company acquired the remaining non-controlling interest in both of these entities.</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:start;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Certain prior year amounts in these financial statements have been reclassified to conform to the presentation for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">year ended</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2018</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">. </font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:start;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected economic conditions. Actual results could differ from these estimates.</font></div></div>

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