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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Lease revenues:        
Rental income $ 71,829,000 $ 66,021,000 $ 143,083,000 $ 129,398,000
Interest income from direct financing leases 14,641,000 13,603,000 28,905,000 27,083,000
Total lease revenues 86,470,000 79,624,000 171,988,000 156,481,000
Other real estate income 13,672,000 12,231,000 26,489,000 24,069,000
Other operating income 7,440,000 13,804,000 14,571,000 21,565,000
Other interest income 1,603,000 4,008,000 3,363,000 6,302,000
Gross Revenues 109,185,000 109,667,000 216,411,000 208,417,000
Operating Expenses        
Depreciation and amortization 28,980,000 26,266,000 56,315,000 51,830,000
Property expenses 18,152,000 18,448,000 36,376,000 36,338,000
Other real estate expenses 5,060,000 4,634,000 9,883,000 9,275,000
Acquisition expenses 3,983,000 39,000 5,340,000 642,000
General and administrative 3,862,000 3,952,000 8,328,000 8,795,000
Impairment charges 0 456,000 0 1,023,000
Operating Expenses, Total 60,037,000 53,795,000 116,242,000 107,903,000
Other Income and Expenses        
Gain on change in control of interests 49,922,000 0 49,922,000 0
Interest expense (25,368,000) (23,216,000) (49,979,000) (45,241,000)
Other income and (expenses) (6,764,000) 4,204,000 (3,224,000) 810,000
Equity in earnings of equity method investments in real estate 1,580,000 4,488,000 3,752,000 7,703,000
Nonoperating income expense 19,370,000 (14,524,000) 471,000 (36,728,000)
Income before income taxes and gain on sale of real estate 68,518,000 41,348,000 100,640,000 63,786,000
Provision for income taxes (2,294,000) (1,973,000) (4,197,000) (2,764,000)
Income before gain on sale of real estate 66,224,000 39,375,000 96,443,000 61,022,000
Gain on sale of real estate, net of tax 25,017,000 0 50,415,000 2,197,000
Net Income 91,241,000 39,375,000 146,858,000 63,219,000
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $5,859, $5,789, $12,527, and $11,853, respectively) (9,383,000) (10,935,000) (19,577,000) (20,199,000)
Net income attributable to CPA:17 - Global $ 81,858,000 $ 28,440,000 $ 127,281,000 $ 43,020,000
Basic and Diluted Earnings Per Share (usd per share) $ 0.24 $ 0.09 $ 0.37 $ 0.13
Basic and Diluted Weighted-Average Shares Outstanding (shares) 341,349,946 333,793,320 340,373,494 332,433,364
Distributions Declared Per Share (usd per share) $ 0.1625 $ 0.1625 $ 0.3250 $ 0.3250