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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE        
Rental (including reimbursable) $ 1,008,862 $ 825,946 $ 2,929,440 $ 2,426,311
Other 30,242 11,323 73,268 28,720
Total revenue 1,039,104 837,269 3,002,708 2,455,031
EXPENSES        
Depreciation and amortization 495,566 419,016 1,419,321 1,232,215
Interest 184,121 117,409 522,110 333,933
Property (including reimbursable) 70,981 52,719 235,081 157,241
General and administrative 35,525 34,096 106,521 100,934
Provisions for impairment 16,808 1,650 59,801 16,379
Merger and integration-related costs 2,884 3,746 4,532 12,994
Total expenses 805,885 628,636 2,347,366 1,853,696
Gain on sales of real estate 7,572 42,883 19,675 93,611
Foreign currency and derivative (loss) gain, net (2,813) (22,893) 4,957 (16,003)
Gain on extinguishment of debt 0 240 0 367
Equity in income and impairment of investment in unconsolidated entities 0 (662) 411 (6,335)
Other income, net 7,235 2,249 12,985 6,907
Income before income taxes 245,213 230,450 693,370 679,882
Income taxes (11,336) (10,163) (36,218) (35,802)
Net income 233,877 220,287 657,152 644,080
Net income attributable to noncontrolling interests (404) (720) (3,248) (1,937)
Net income available to common stockholders $ 233,473 $ 219,567 $ 653,904 $ 642,143
Amounts available to common stockholders per common share:        
Net income, basic (in dollars per share) $ 0.33 $ 0.36 $ 0.96 $ 1.06
Net income, diluted (in dollars per share) $ 0.33 $ 0.36 $ 0.96 $ 1.06
Weighted average common shares outstanding:        
Basic (in shares) 709,165 617,512 681,419 604,464
Diluted (in shares) 709,543 617,957 682,129 604,836
Net income available to common stockholders $ 233,473 $ 219,567 $ 653,904 $ 642,143
Total other comprehensive loss        
Foreign currency translation adjustment (61,401) (89,231) (3,605) (148,929)
Unrealized gain (loss) on derivatives, net 7,193 41,914 (1,379) 119,058
Total other comprehensive loss (54,208) (47,317) (4,984) (29,871)
Comprehensive income available to common stockholders $ 179,265 $ 172,250 $ 648,920 $ 612,272