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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Lease revenues:        
Rental income $ 66,021 $ 63,968 $ 129,398 $ 127,074
Interest income from direct financing leases 13,603 13,678 27,083 27,216
Total lease revenues 79,624 77,646 156,481 154,290
Other operating income 13,804 6,225 21,565 12,916
Other real estate income 12,231 13,573 24,069 29,907
Other interest income 4,008 1,342 6,302 2,823
Gross Revenues 109,667 98,786 208,417 199,936
Operating Expenses        
Depreciation and amortization 26,266 25,616 51,830 51,456
Property expenses 18,448 15,974 36,338 32,143
Other real estate expenses 4,634 6,395 9,275 15,580
General and administrative 3,952 5,108 8,795 11,309
Impairment charges 456 0 1,023 0
Acquisition expenses 39 272 642 1,401
Operating Expenses, Total 53,795 53,365 107,903 111,889
Other Income and Expenses        
Equity in earnings of equity method investments in real estate 4,488 10,042 7,703 7,178
Other income and (expenses) 4,204 170 810 852
Interest expense (23,216) (23,264) (45,241) (46,593)
Nonoperating income expense (14,524) (13,052) (36,728) (38,563)
Income before income taxes and gain on sale of real estate 41,348 32,369 63,786 49,484
Provision for income taxes (1,973) (2,671) (2,764) (3,309)
Income before gain on sale of real estate 39,375 29,698 61,022 46,175
Gain on sale of real estate, net of tax 0 12,548 2,197 12,548
Net Income 39,375 42,246 63,219 58,723
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $5,789, $4,590, $11,853, and $9,269, respectively) (10,935) (7,640) (20,199) (15,317)
Net income attributable to CPA:17 - Global $ 28,440 $ 34,606 $ 43,020 $ 43,406
Earnings Per Share, Basic and Diluted $ 0.09 $ 0.11 $ 0.13 $ 0.14
Weighted Average Number of Shares Outstanding, Basic and Diluted 333,793,320 322,723,562 332,433,364 321,240,449
Distributions Declared Per Share $ 0.1625 $ 0.1625 $ 0.3250 $ 0.3250