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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rental income $ 923,677 $ 753,427 $ 804,076
Income from direct financing leases 1,029 1,033 1,036
Mortgage interest income 91,661 89,422 76,542
Other investment income 44,721 44,864 43,400
Miscellaneous income 1,721 3,635 3,776
Total revenues 1,062,809 892,381 928,830
Expenses      
Depreciation and amortization 342,014 329,924 301,683
General and administrative 64,628 59,889 57,869
Real estate taxes 12,260 12,316 14,933
Acquisition, merger and transition related costs 1,814 2,018 5,115
Impairment on real estate properties 44,658 72,494 45,264
(Recovery) impairment on direct financing leases (717) (3,079) 7,917
Provision for credit losses 77,733 37,997  
Interest expense 234,604 223,389 208,715
Total expenses 776,994 734,948 641,496
Other income (expense)      
Other (expense) income - net (581) (879) 814
Loss on debt extinguishment (30,763) (13,340)  
Gain on assets sold - net 161,609 19,113 55,696
Total other income 130,265 4,894 56,510
Income before income tax expense and income from unconsolidated joint ventures 416,080 162,327 343,844
Income tax expense (3,840) (4,925) (2,844)
Income from unconsolidated joint ventures 16,062 6,143 10,947
Net income 428,302 163,545 351,947
Net income attributable to noncontrolling interest (11,563) (4,218) (10,824)
Net income available to common stockholders $ 416,739 $ 159,327 $ 341,123
Basic:      
Net income available to common stockholders $ 1.76 $ 0.70 $ 1.60
Diluted:      
Net income $ 1.75 $ 0.70 $ 1.58