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Consolidated Statements of Income (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Lease revenues:    
Rental income $ 74,691 $ 91,254
Interest income from direct financing leases 14,640 14,696
Total lease revenues 89,331 105,950
Other real estate income 12,213 9,337
Other operating income 7,175 5,978
Other interest income 4,563 1,740
Gross revenues 113,282 123,005
Operating Expenses    
Depreciation and amortization 28,450 30,819
Property expenses 23,037 16,605
Other real estate expenses 7,617 3,352
Impairment charges 5,404 4,519
General and administrative 3,119 3,570
Acquisition and other expenses 57 750
Operating expenses 67,684 59,615
Other Income and Expenses    
Interest expense (20,550) (23,390)
Equity in earnings of equity method investments in real estate 4,683 1,985
Other gains and (losses) 4,003 5,657
Loss on extinguishment of debt 0 (1,614)
Other Income and Expenses (11,864) (17,362)
Income before income taxes and gain on sale of real estate 33,734 46,028
Benefit from (provision for) income taxes 1,403 (621)
Income before gain on sale of real estate, net of tax 35,137 45,407
Gain on sale of real estate, net of tax 24 1,739
Net Income 35,161 47,146
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $6,170 and $6,810, respectively) (8,424) (9,135)
Net Income Attributable to CPA:17 – Global $ 26,737 $ 38,011
Basic and Diluted Earnings Per Share (usd per share) $ 0.08 $ 0.11
Basic and Diluted Weighted-Average Shares Outstanding, shares 352,098,948 345,796,312
Distributions Declared Per Share (usd per share) $ 0.1625 $ 0.1625