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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Rental (including reimbursable) $ 1,208,169 $ 925,289
Other 52,316 19,110
Total revenue 1,260,485 944,399
EXPENSES    
Depreciation and amortization 581,064 451,477
Interest 240,614 154,132
Property (including reimbursable) 89,361 69,397
General and administrative 40,842 34,167
Provisions for impairment 89,489 13,178
Merger and integration-related costs 94,104 1,307
Total expenses 1,135,474 723,658
Gain on sales of real estate 16,574 4,279
Foreign currency and derivative gain, net 4,046 10,322
Equity in (losses) earnings of unconsolidated entities (1,676) 0
Other income, net 5,446 2,730
Income before income taxes 149,401 238,072
Income taxes (15,502) (11,950)
Net income 133,899 226,122
Net income attributable to noncontrolling interests (1,615) (1,106)
Net income attributable to the Company 132,284 225,016
Preferred stock dividends (2,588) 0
Net income available to common stockholders $ 129,696 $ 225,016
Amounts available to common stockholders per common share:    
Net income, basic (in dollars per share) $ 0.16 $ 0.34
Net income, diluted (in dollars per share) $ 0.16 $ 0.34
Weighted average common shares outstanding:    
Basic (in shares) 834,940 660,462
Diluted (in shares) 835,242 661,239
Total other comprehensive (loss) income    
Foreign currency translation adjustment $ (18,036) $ 28,750
Unrealized gain (loss) on derivatives, net 8,922 (2,162)
Total other comprehensive (loss) income (9,114) 26,588
Comprehensive income available to common stockholders $ 120,582 $ 251,604