XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Lease revenues:    
Rental income $ 91,254 $ 71,254
Interest income from direct financing leases 14,696 14,264
Total lease revenues 105,950 85,518
Other real estate income 9,337 12,817
Other operating income 5,978 7,131
Other interest income 1,740 1,760
Gross Revenues 123,005 107,226
Operating Expenses    
Depreciation and amortization 30,819 27,335
Property expenses 16,605 18,224
Impairment charges 4,519 0
General and administrative 3,570 4,466
Other real estate expenses 3,352 4,823
Acquisition and other expenses 750 1,357
Operating Expenses, Total 59,615 56,205
Other Income and Expenses    
Interest expense (23,390) (24,611)
Other income and (expenses) 5,657 6,039
Equity in earnings of equity method investments in real estate 1,985 2,172
Loss on extinguishment of debt (1,614) (2,499)
Nonoperating income expense (17,362) (18,899)
Income before income taxes and gain on sale of real estate 46,028 32,122
Provision for income taxes (621) (1,903)
Income before gain on sale of real estate, net of tax 45,407 30,219
Gain on sale of real estate, net of tax 1,739 25,398
Net Income 47,146 55,617
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $6,810 and $6,668, respectively) (9,135) (10,194)
Net income attributable to CPA®:17 – Global $ 38,011 $ 45,423
Basic and Diluted Earnings Per Share (usd per share) $ 0.11 $ 0.13
Basic and Diluted Weighted-Average Shares Outstanding, shares 345,796,312 339,397,043
Distributions Declared Per Share (usd per share) $ 0.1625 $ 0.1625