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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
(a)
Includes a $15.7 million and $3.3 million write off and acceleration of a below-market rent lease liabilities, respectively, pertaining to our KBR Inc. properties that were recognized in Rental income during the three months ended March 31, 2017 (Note 13).
(b)
During the three months ended March 31, 2017, and 2016, we recognized straight-line rent adjustments of $3.5 million and $4.7 million, respectively, which increased Rental income within our consolidated financial statements for each period.
(c)
Includes an impairment charge of $4.5 million related to a property located in Waldaschaff, Germany (Note 8) incurred during the three months ended March 31, 2017.
(d)
Included in unallocated corporate overhead are asset management fees and general and administrative expenses, as well as interest expense and other charges related to our Senior Credit Facility. These expenses are calculated and reported at the portfolio level and not evaluated as part of any segment’s operating performance.
The following tables present a summary of comparative results and assets for these business segments (in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
Net Lease
 
 
 
Revenues (a) (b)
$
112,523

 
$
93,405

Operating expenses (c)
(41,308
)
 
(36,218
)
Interest expense
(20,651
)
 
(22,133
)
Other income and (expenses), excluding interest expense
3,459

 
2,756

Provision for income taxes
614

 
(1,775
)
Gain on sale of real estate, net of tax
1,739

 

Net income attributable to noncontrolling interests
(2,325
)
 
(3,526
)
Net income attributable to CPA®:17 – Global
$
54,051

 
$
32,509

Self-Storage
 
 
 
Revenues
$
8,742

 
$
12,061

Operating expenses
(7,199
)
 
(7,862
)
Interest expense
(2,003
)
 
(1,892
)
Other income and (expenses), excluding interest expense
(2
)
 
(2,932
)
Provision for income taxes
(32
)
 
(63
)
Gain on sale of real estate, net of tax

 
25,398

Net (loss) income attributable to CPA®:17 – Global
$
(494
)
 
$
24,710

All Other
 
 
 
Revenues
$
1,740

 
$
1,760

Operating expenses
(38
)
 
(35
)
Interest expense

 
(3
)
Other income and (expenses), excluding interest expense
(2,408
)
 
(95
)
Provision for income taxes
(650
)
 
(4
)
Net (loss) income attributable to CPA®:17 – Global
$
(1,356
)
 
$
1,623

Corporate
 
 
 
Unallocated Corporate Overhead (d)
$
(7,380
)
 
$
(6,751
)
Net income attributable to noncontrolling interests – Available Cash Distributions
$
(6,810
)
 
$
(6,668
)
Total Company
 
 
 
Revenues
$
123,005

 
$
107,226

Operating expenses
(59,615
)
 
(56,205
)
Interest expense
(23,390
)
 
(24,611
)
Other income and (expenses), excluding interest expense
6,028

 
5,712

Provision for income taxes
(621
)
 
(1,903
)
Gain on sale of real estate, net of tax
1,739

 
25,398

Net income attributable to noncontrolling interests
(9,135
)
 
(10,194
)
Net income attributable to CPA®:17 – Global
$
38,011

 
$
45,423

Reconciliation of Assets from Segment to Consolidated
(e)
Includes Net investments in real estate and Equity investments in real estate.
(f)
Includes the impact of the I-drive Property disposition and I-drive Wheel restructuring (Note 4, Note 6, Note 13) and the sale of a property classified as Assets held for sale as of December 31, 2016 (Note 13).
 
Total Long-Lived Assets at (e)
 
Total Assets at
 
March 31, 2017
 
December 31, 2016
 
March 31, 2017
 
December 31, 2016
Net Lease (f)
$
3,162,874

 
$
3,210,351

 
$
3,832,971

 
$
3,905,402

Self-Storage
238,704

 
240,095

 
248,928

 
252,195

All Other (f)
189,600

 
228,763

 
306,684

 
266,231

Corporate

 

 
206,532

 
275,095

Total Company
$
3,591,178

 
$
3,679,209

 
$
4,595,115

 
$
4,698,923