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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Lease revenues — net-leased $ 121,646 $ 102,316 $ 119,100
Lease revenues — operating real estate 81,142 70,182 70,589
Other operating and interest income 1,429 4,569 7,750
Revenues 204,217 177,067 197,439
Operating Expenses      
Depreciation and amortization 68,179 63,809 65,498
Operating real estate expenses 30,071 27,847 27,423
Impairment charges 23,504 0 0
Property expenses, excluding reimbursable tenant costs 20,240 18,690 18,660
Reimbursable tenant costs 14,817 12,159 13,204
General and administrative 8,274 7,630 7,724
Change in allowance for credit losses 0 (2,874) 0
Operating Expenses 165,085 127,261 132,509
Other Income and Expenses      
Interest expense (50,959) (43,343) (48,019)
Gain on sale of real estate, net 44,015 2,390 24,773
Other gains and (losses) (2,728) 1,904 4,715
Earnings (losses) from equity method investment in real estate 0 12,313 (2,185)
Other Income and Expenses (9,672) (26,736) (20,716)
Income before income taxes 29,460 23,070 44,214
Provision for income taxes (1,850) (769) (210)
Net Income 27,610 22,301 44,004
Net loss (income) attributable to noncontrolling interests 236 (9,958) (11,432)
Net Income Attributable to CPA:18 – Global 27,846 12,343 32,572
Class A      
Other Income and Expenses      
Net Income Attributable to CPA:18 – Global $ 21,990 $ 9,737 $ 25,636
Basic weighted-average shares outstanding (in shares) 120,077,202 118,567,905 116,469,007
Diluted weighted-average shares outstanding (in shares) 120,077,202 118,567,905 116,469,007
Basic income (loss) per share (in dollars per share) $ 0.18 $ 0.08 $ 0.22
Diluted income (loss) per share (in dollars per share) $ 0.18 $ 0.08 $ 0.22
Class C      
Other Income and Expenses      
Net Income Attributable to CPA:18 – Global $ 5,856 $ 2,606 $ 6,936
Basic weighted-average shares outstanding (in shares) 31,972,362 32,402,493 32,123,513
Diluted weighted-average shares outstanding (in shares) 31,972,362 32,402,493 32,123,513
Basic income (loss) per share (in dollars per share) $ 0.18 $ 0.08 $ 0.22
Diluted income (loss) per share (in dollars per share) $ 0.18 $ 0.08 $ 0.22