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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE        
Rental (including reimbursable) $ 1,284,728 $ 995,289 $ 2,492,897 $ 1,920,578
Other 54,715 23,916 107,031 43,026
Total revenue 1,339,443 1,019,205 2,599,928 1,963,604
EXPENSES        
Depreciation and amortization 605,570 472,278 1,186,634 923,755
Interest 246,931 183,857 487,545 337,989
Property (including reimbursable) 99,851 94,703 189,212 164,100
General and administrative 45,070 36,829 85,912 70,996
Provisions for impairment 96,458 29,815 185,947 42,993
Merger and integration-related costs 2,754 341 96,858 1,648
Total expenses 1,096,634 817,823 2,232,108 1,541,481
Gain on sales of real estate 25,153 7,824 41,727 12,103
Foreign currency and derivative gain (loss), net 511 (2,552) 4,557 7,770
Equity in earnings of unconsolidated entities 2,029 411 353 411
Other income, net 6,108 3,020 11,554 5,750
Income before income taxes 276,610 210,085 426,011 448,157
Income taxes (15,642) (12,932) (31,144) (24,882)
Net income 260,968 197,153 394,867 423,275
Net income attributable to noncontrolling interests (1,577) (1,738) (3,192) (2,844)
Net income attributable to the Company 259,391 195,415 391,675 420,431
Preferred stock dividends (2,587) 0 (5,175) 0
Net income available to common stockholders $ 256,804 $ 195,415 $ 386,500 $ 420,431
Amounts available to common stockholders per common share:        
Net income, basic (in dollars per share) $ 0.30 $ 0.29 $ 0.45 $ 0.63
Net income, diluted (in dollars per share) $ 0.29 $ 0.29 $ 0.45 $ 0.63
Weighted average common shares outstanding:        
Basic (in shares) 870,319 674,109 852,621 667,357
Diluted (in shares) 870,725 674,593 853,011 668,108
Total other comprehensive income        
Foreign currency translation adjustment $ 3,218 $ 29,046 $ (14,818) $ 57,796
Unrealized gain (loss) on derivatives, net 7,324 (6,410) 16,246 (8,572)
Total other comprehensive income 10,542 22,636 1,428 49,224
Comprehensive income available to common stockholders $ 267,346 $ 218,051 $ 387,928 $ 469,655