| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Jun'12 |
|---|---|---|---|---|---|---|---|---|
Revenue from tenants | ||||||||
306,214 | 282,207 | 259,295 | 214,174 | 205,332 | 93,383 | 3,951 | 30 | 0 |
Expenses (income): | ||||||||
Property operating | ||||||||
28,314 | 28,732 | 28,857 | 19,038 | 18,180 | 7,947 | 42 | 0 | - |
Fire (recovery) loss | ||||||||
0 | 50 | - | - | - | - | - | - | - |
Fire (recovery) loss | ||||||||
- | - | 45 | 0 | 0 | - | - | - | - |
Operating fees to related parties | ||||||||
33,292 | 28,234 | 24,457 | 19,751 | 15,167 | 797 | 50 | 1 | - |
Impairment charges and related lease intangible write-offs | ||||||||
6,375 | 5,000 | 0 | 0 | - | - | - | - | - |
Acquisition, transaction and other costs (Note 9) | ||||||||
1,320 | 13,850 | 1,979 | 9,792 | 6,053 | 83,498 | 7,745 | 228 | - |
Listing fees | ||||||||
- | - | - | - | 18,653 | 0 | 0 | - | - |
Vesting of Class B Units | ||||||||
- | - | - | - | 14,480 | 0 | 0 | - | - |
Change in fair value of listing note | ||||||||
- | - | - | - | - | - | 0 | - | - |
General and administrative | ||||||||
10,108 | 10,439 | 8,648 | 7,108 | 7,175 | 4,314 | 58 | 183 | 80 |
Equity-based compensation | ||||||||
9,530 | 2,649 | -3,787 | 3,748 | 2,345 | 0 | 0 | - | - |
Depreciation and amortization | ||||||||
125,996 | 119,582 | 113,048 | 94,455 | 90,070 | 40,387 | 2,112 | 21 | - |
Total expenses | ||||||||
214,935 | 208,436 | 173,247 | 153,892 | 172,123 | 136,943 | 10,007 | 433 | 80 |
Operating income before gain (loss) on dispositions of real estate investments | ||||||||
91,279 | 73,771 | 86,048 | 60,282 | - | - | - | - | - |
Income from investments | ||||||||
- | - | - | - | 15 | 14 | 0 | 0 | - |
Losses on foreign currency | ||||||||
- | - | - | - | - | -186 | 35 | 0 | - |
Realized losses on investment securities | ||||||||
- | - | - | - | -66 | 0 | 0 | - | - |
(Loss) gain on dispositions of real estate investments | ||||||||
23,616 | -5,751 | 1,089 | 13,341 | 0 | 0 | - | - | - |
Operating income | ||||||||
114,895 | 68,020 | 87,137 | 73,623 | 33,209 | -43,560 | -6,056 | -403 | - |
Other income (expense): | ||||||||
Other income (expense): | ||||||||
Interest Expense | ||||||||
64,199 | 57,973 | 48,450 | 39,121 | 34,864 | 14,852 | 969 | 10 | - |
Loss on extinguishment of debt | ||||||||
-949 | -3,897 | 0 | 0 | - | - | - | - | - |
Gain (Loss) on Derivative Instruments, Net, Pretax | ||||||||
769 | 7,638 | -8,304 | 7,368 | 3,935 | 1,881 | 0 | 0 | - |
Unrealized income (loss) on undesignated foreign currency advances and other hedge ineffectiveness | ||||||||
76 | -434 | -3,679 | 10,109 | 5,124 | 1,387 | 0 | 0 | - |
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges | ||||||||
- | - | - | - | -3,558 | 0 | 0 | - | - |
Other income | ||||||||
216 | -23 | 22 | 20 | 79 | 291 | 1 | 0 | - |
Total other expense, net | ||||||||
-64,087 | -54,689 | -60,411 | -21,624 | -29,335 | -11,465 | -933 | -10 | - |
Net income before income tax | ||||||||
50,808 | 13,331 | 26,726 | 51,999 | 3,874 | -55,025 | -6,989 | - | - |
Income tax expense | ||||||||
4,300 | 2,400 | 3,100 | 4,422 | 5,889 | -1,431 | 0 | 0 | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
46,476 | 10,897 | 23,586 | 47,577 | -2,015 | -53,594 | -6,989 | - | - |
Net Income (Loss) Attributable to Noncontrolling Interest | ||||||||
0 | 0 | 21 | 437 | 50 | 0 | 0 | - | - |
Preferred stock dividends | ||||||||
11,941 | 9,815 | 2,834 | 0 | 0 | - | - | - | - |
Net Income (Loss) Available to Common Stockholders, Basic | ||||||||
34,535 | 1,082 | 20,731 | 47,140 | -2,065 | -53,594 | -6,989 | -413 | -80 |
Cumulative translation adjustment | ||||||||
- | - | - | - | - | - | - | 10 | - |
Designated derivatives, fair value adjustments | ||||||||
- | - | - | - | - | - | - | -53 | - |
Comprehensive income (loss) attributable to stockholders | ||||||||
- | - | - | - | - | - | - | -456 | -80 |
Earnings Per Share [Abstract] | ||||||||
Basic net income per share attributable to common stockholder (in dollars per share) | ||||||||
0.40 | 0.01 | 0.30 | - | - | - | - | - | - |
Diluted net income per share attributable to common stockholders (in dollars per share) | ||||||||
0.39 | 0.01 | 0.30 | - | - | - | - | - | - |
Basic and diluted net income per share attributable to common stockholders (in dollars per share) | ||||||||
- | - | - | 0.82 | -0.04 | -0.43 | -1.28 | -6.43 | - |
Weighted average common shares outstanding: | ||||||||
Earnings Per Share, Basic and Diluted [Abstract] | ||||||||
Basic (in shares) | ||||||||
85,031 | 69,411 | 66,877 | 56,720 | - | - | - | - | - |
Diluted (in shares) | ||||||||
86,349 | 69,663 | 66,877 | 56,720 | - | - | - | - | - |
Basic and Diluted (shares) | ||||||||
- | - | - | - | 58,103 | 126,079 | 5,453 | 64 | - |
Occupancy | ||||||||
Total revenues | ||||||||
- | - | - | 204,049 | 194,620 | 88,158 | 3,900 | 30 | - |
Tenant Reimbursements | ||||||||
Total revenues | ||||||||
- | - | - | 10,125 | 10,712 | 5,225 | 51 | 0 | - |