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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE        
Rental (including reimbursable) $ 825,946 $ 486,337 $ 2,426,311 $ 1,385,958
Other 11,323 3,554 28,720 9,485
Total revenue 837,269 489,891 2,455,031 1,395,443
EXPENSES        
Depreciation and amortization 419,016 198,832 1,232,215 564,606
Interest 117,409 76,156 333,933 222,905
Property (including reimbursable) 52,719 29,662 157,241 89,895
General and administrative 34,096 23,813 100,934 66,458
Provisions for impairment 1,650 11,011 16,379 30,977
Merger and integration-related costs 3,746 16,783 12,994 30,081
Total expenses 628,636 356,257 1,853,696 1,004,922
Gain on sales of real estate 42,883 12,094 93,611 35,396
Foreign currency and derivative loss, net (22,893) (2,374) (16,003) (1,170)
Gain (loss) on extinguishment of debt 240 (3,983) 367 (50,456)
Equity in income and impairment of investment in unconsolidated entities (662) 0 (6,335) 0
Other income, net 2,249 1,984 6,907 3,518
Income before income taxes 230,450 141,355 679,882 377,809
Income taxes (10,163) (6,079) (35,802) (21,529)
Net income 220,287 135,276 644,080 356,280
Net income attributable to noncontrolling interests (720) (280) (1,937) (865)
Net income available to common stockholders $ 219,567 $ 134,996 $ 642,143 $ 355,415
Amounts available to common stockholders per common share:        
Net income, basic (in dollars per share) $ 0.36 $ 0.34 $ 1.06 $ 0.94
Net income, diluted (in dollars per share) $ 0.36 $ 0.34 $ 1.06 $ 0.94
Weighted average common shares outstanding:        
Basic (in shares) 617,511,609 391,913,478 604,463,977 379,291,782
Diluted (in shares) 617,957,039 392,050,401 604,835,836 379,409,427
Other comprehensive income:        
Net income available to common stockholders $ 219,567 $ 134,996 $ 642,143 $ 355,415
Foreign currency translation adjustment (89,231) 1,438 (148,929) 1,130
Unrealized gain on derivatives, net 41,914 16,852 119,058 52,428
Comprehensive income available to common stockholders $ 172,250 $ 153,286 $ 612,272 $ 408,973