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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Rental (including reimbursements) $ 1,313,057 $ 1,208,169
Other 67,448 52,316
Total revenue 1,380,505 1,260,485
EXPENSES    
Depreciation and amortization 608,935 581,064
Interest 268,374 240,614
Property (including reimbursements) 106,681 89,361
General and administrative 44,044 40,842
Provisions for impairment 116,589 89,489
Merger, transaction, and other costs, net 279 94,104
Total expenses 1,144,902 1,135,474
Gain on sales of real estate 22,537 16,574
Foreign currency and derivative (loss) gain, net (2,545) 4,046
Equity in earnings (losses) of unconsolidated entities 4,357 (1,676)
Other income, net 7,167 5,446
Income before income taxes 267,119 149,401
Income taxes (15,657) (15,502)
Net income 251,462 133,899
Net income attributable to noncontrolling interests (1,647) (1,615)
Net income attributable to the Company 249,815 132,284
Preferred stock dividends 0 (2,588)
Net income available to common stockholders $ 249,815 $ 129,696
Amounts available to common stockholders per common share:    
Net income, basic (in dollars per share) $ 0.28 $ 0.16
Net income, diluted (in dollars per share) $ 0.28 $ 0.16
Weighted average common shares outstanding:    
Basic (in shares) 891,666 834,940
Diluted (in shares) 892,351 835,242
Other comprehensive income (loss):    
Foreign currency translation adjustment $ 45,215 $ (18,036)
Unrealized (loss) gain on derivatives, net (10,625) 8,922
Total other comprehensive income (loss) 34,590 (9,114)
Comprehensive income available to common stockholders $ 284,405 $ 120,582