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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Lease revenues:      
Rental income $ 298,775 $ 271,523 $ 254,658
Interest income from direct financing leases 58,066 55,669 54,517
Total lease revenues 356,841 327,192 309,175
Other real estate income 46,623 49,562 53,107
Other operating income 30,224 36,591 28,536
Other interest income 6,674 13,602 5,888
Gross Revenues 440,362 426,947 396,706
Operating Expenses      
Depreciation and amortization 122,259 106,732 102,167
Property expenses 70,728 72,514 66,402
Impairment charges 29,706 1,023 570
Other real estate expenses 17,642 19,595 24,665
General and administrative 16,310 18,377 22,253
Acquisition expenses 7,157 651 5,169
Operating Expenses, Total 263,802 218,892 221,226
Other Income and Expenses      
Interest expense (98,813) (93,551) (93,001)
Gain on change in control of interests 49,922 0 0
Loss on extinguishment of debt (24,376) (275) (263)
Equity in earnings of equity method investments in real estate 3,262 14,667 24,073
Other income and (expenses) (1,728) 1,912 (1,909)
Nonoperating income expense (71,733) (77,247) (71,100)
Income before income taxes and gain on sale of real estate 104,827 130,808 104,380
Provision for income taxes (8,477) (8,885) (10,725)
Income before gain on sale of real estate, net of tax 96,350 121,923 93,655
Gain on sale of real estate, net of tax 132,858 2,197 13,338
Net Income 229,208 124,120 106,993
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $24,765, $24,668, and $20,427, respectively) (38,863) (39,915) (32,842)
Net income attributable to CPA®:17 – Global $ 190,345 $ 84,205 $ 74,151
Income from continuing operations attributable to CPA®:17 – Global (usd per share) $ 0.56 $ 0.25 $ 0.23
Basic and Diluted Weighted-Average Shares Outstanding, shares 342,147,444 334,468,363 324,117,508