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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE      
Rental (including reimbursable) $ 3,958,150 $ 3,299,657 $ 2,064,958
Other 120,843 44,024 15,505
Total revenue 4,078,993 3,343,681 2,080,463
EXPENSES      
Depreciation and amortization 1,895,177 1,670,389 897,835
Interest 730,423 465,223 323,644
Property (including reimbursable) 316,964 226,330 133,605
General and administrative 144,536 138,459 96,980
Provisions for impairment 87,082 25,860 38,967
Merger and integration-related costs 14,464 13,897 167,413
Total expenses 3,188,646 2,540,158 1,658,444
Gain on sales of real estate 25,667 102,957 55,798
Foreign currency and derivative (loss) gain, net (13,414) (13,311) 710
Gain (loss) on extinguishment of debt 0 367 (97,178)
Equity in income and impairment of investment in unconsolidated entities 2,546 (6,448) 1,106
Other income, net 23,789 30,511 9,949
Income before income taxes 928,935 917,599 392,404
Income taxes (52,021) (45,183) (31,657)
Net income 876,914 872,416 360,747
Net income attributable to noncontrolling interests (4,605) (3,008) (1,291)
Net income available to common stockholders $ 872,309 $ 869,408 $ 359,456
Amounts available to common stockholders per common share:      
Net income, basic (in dollars per share) $ 1.26 $ 1.42 $ 0.87
Net income, diluted (in dollars per share) $ 1.26 $ 1.42 $ 0.87
Weighted average common shares outstanding:      
Basic (in shares) 692,298 611,766 414,535
Diluted (in shares) 693,024 612,181 414,770
Net income available to common stockholders $ 872,309 $ 869,408 $ 359,456
Total other comprehensive gain      
Foreign currency translation adjustment 64,326 (55,154) 9,119
Unrealized (loss) gain on derivatives, net (37,265) 97,054 50,448
Total other comprehensive gain 27,061 41,900 59,567
Comprehensive income available to common stockholders $ 899,370 $ 911,308 $ 419,023