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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Rental (including reimbursable) $ 3,299,657 $ 2,064,958 $ 1,639,533
Other 44,024 15,505 7,554
Total revenue 3,343,681 2,080,463 1,647,087
EXPENSES      
Depreciation and amortization 1,670,389 897,835 677,038
Interest 465,223 323,644 309,336
Property (including reimbursable) 226,330 133,605 104,603
General and administrative 138,459 96,980 73,215
Provisions for impairment 25,860 38,967 147,232
Merger and integration-related costs 13,897 167,413 0
Total expenses 2,540,158 1,658,444 1,311,424
Gain on sales of real estate 102,957 55,798 76,232
Foreign currency and derivative (loss) gain, net (13,311) 710 4,585
Gain (loss) on extinguishment of debt 367 (97,178) (9,819)
Equity in income and impairment of investment in unconsolidated entities (6,448) 1,106 0
Other income, net 30,511 9,949 4,538
Income before income taxes 917,599 392,404 411,199
Income taxes (45,183) (31,657) (14,693)
Net income 872,416 360,747 396,506
Net income attributable to noncontrolling interests (3,008) (1,291) (1,020)
Net income available to common stockholders $ 869,408 $ 359,456 $ 395,486
Amounts available to common stockholders per common share:      
Net income, basic (in dollars per share) $ 1.42 $ 0.87 $ 1.15
Net income, diluted (in dollars per share) $ 1.42 $ 0.87 $ 1.14
Weighted average common shares outstanding:      
Basic (in shares) 611,765,815 414,535,283 345,280,126
Diluted (in shares) 612,180,519 414,769,846 345,415,258
Other comprehensive income:      
Net income available to common stockholders $ 869,408 $ 359,456 $ 395,486
Foreign currency translation adjustment (55,154) 9,119 (2,606)
Unrealized gain (loss) on derivatives, net 97,054 50,448 (34,926)
Other comprehensive income (loss) 41,900 59,567 (37,532)
Comprehensive income available to common stockholders $ 911,308 $ 419,023 $ 357,954