Prologis, Inc. PLD Income Statement

Prologis, inc. (PLD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Rental
878,807	723,857	710,465	700,689	696,807	679,195	608,974	544,679	555,943	920,870	416,427	447,960	439,884	435,722	435,868	426,150	437,104	435,626	418,116	357,828	324,547	307,584	275,686	294,461	300,878	301,627	291,621	287,471	347,256	357,915	372,491	372,010	357,045	248,444	341,118	222,713	195,714	194,018	188,205
Rental recoveries
-	-	-	-	-	-	-	-	-	-	114,755	128,417	127,049	124,163	124,409	119,981	117,012	124,560	114,639	103,616	94,255	94,430	80,136	86,812	87,362	77,581	80,564	76,485	96,888	86,716	94,240	96,449	86,915	-	89,165	56,303	-	-	-
Strategic capital
96,591	98,470	230,467	89,144	73,805	126,500	71,142	75,697	132,961	68,148	68,042	180,654	57,045	56,443	142,581	53,535	51,003	84,582	44,176	47,046	42,025	44,157	54,070	76,334	45,310	53,907	48,322	43,608	33,635	31,715	31,714	30,993	32,357	40,231	34,578	32,976	29,834	29,812	28,307
Development management and other
2,843	3,689	1,249	539	1,440	1,390	2,316	900	4,752	1,125	3,650	9,152	5,177	3,787	1,707	2,489	1,181	-1,567	3,691	1,914	2,020	4,694	5,259	2,482	1,132	3,649	2,551	3,129	2,192	4,099	1,017	1,729	3,113	1,321	4,276	8,920	4,319	4,784	2,634
Total revenues
978,241	826,016	942,181	790,372	772,052	807,085	682,432	621,276	693,656	619,922	602,874	766,183	629,155	620,115	704,565	602,155	606,300	643,201	580,622	510,404	462,847	450,865	415,151	460,089	434,682	436,764	423,058	410,693	479,971	480,445	499,462	501,181	479,430	401,855	469,137	320,912	229,867	228,614	219,146
Expenses:
Rental
227,618	184,196	180,864	181,138	188,068	177,194	147,184	133,329	142,941	140,338	128,735	147,794	152,656	141,050	140,514	140,725	146,581	150,983	140,284	125,820	127,095	107,872	102,324	109,576	110,517	104,936	106,811	109,837	130,354	120,159	126,431	125,918	118,731	90,916	119,949	77,199	60,624	56,531	54,089
Strategic capital
46,574	45,993	63,404	37,206	38,058	42,940	35,390	34,850	43,860	35,360	35,996	51,986	31,799	30,723	44,624	27,866	25,293	31,761	26,532	24,947	25,182	40,988	22,442	27,837	24,163	22,341	22,023	25,006	19,909	16,134	15,730	15,075	16,881	15,734	17,080	11,596	10,552	9,829	9,931
General and administrative
69,689	65,542	65,199	66,276	69,701	56,698	62,244	57,615	62,428	59,709	57,656	60,077	53,617	56,433	58,157	56,934	50,543	59,769	54,178	51,974	51,306	47,551	58,203	60,375	63,203	63,067	55,034	54,909	56,197	60,608	55,886	51,415	60,159	50,797	53,341	51,840	39,183	34,959	38,921
Depreciation and amortization
345,970	289,240	282,254	284,376	284,009	286,758	252,702	203,673	204,081	222,501	201,903	228,145	226,591	225,736	224,867	230,382	250,000	272,906	247,471	190,188	169,808	171,402	149,202	161,577	160,280	165,454	155,439	155,656	172,119	175,078	190,148	178,756	180,280	160,990	182,774	118,606	80,049	83,220	76,871
Other
14,574	3,506	2,294	3,515	3,834	2,415	3,391	4,515	3,239	3,597	3,093	2,909	2,606	1,965	3,779	3,900	4,685	22,231	8,765	30,127	5,575	8,096	4,868	5,450	5,053	9,488	6,370	6,771	4,353	9,414	5,580	7,227	4,335	9,789	3,971	5,587	4,684	8,338	5,016
Total expenses
704,425	588,477	594,015	572,511	583,670	566,005	500,911	433,982	456,549	461,505	427,383	490,911	467,269	455,907	471,941	459,807	477,102	537,650	477,230	423,056	378,966	375,909	337,039	364,815	363,216	365,286	345,677	352,179	382,932	649,447	424,212	399,577	394,299	368,235	389,798	367,880	201,080	192,877	184,828
Operating income before gains on real estate transactions, net
273,816	237,539	348,166	217,861	188,382	241,080	181,521	187,294	237,107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of development properties and land, net
162,750	-	-	-	42,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
31,491	-103,035	123,314	224,195	145,767	-112,251	194,058	94,261	195,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger, acquisition and other integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,103	20,659	21,186	10,728	18,772	12,683	103,052	5,988	-	0
Impairment of real estate properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	239,951	9,778	0	3,185	-	-	-	-	-	-
Operating income
468,057	559,640	471,480	442,056	376,590	598,646	375,579	281,555	432,218	1,341,382	175,491	275,272	161,886	164,208	232,624	142,348	129,198	105,551	103,392	87,348	83,881	74,956	78,112	95,274	71,466	71,478	77,381	58,514	97,039	-169,002	75,250	101,604	85,131	33,620	79,339	-46,968	28,787	35,737	34,318
Other income (expense):
Earnings from unconsolidated entities, net
88,730	48,654	46,302	48,556	56,666	116,421	56,634	62,549	62,656	76,300	55,066	68,596	48,605	60,685	45,857	41,454	58,311	52,879	33,557	41,784	31,042	54,877	28,514	21,151	29,746	37,666	26,365	8,421	24,768	11,229	2,563	3,889	13,995	3,920	30,975	11,399	13,641	9,225	3,304
Interest expense
75,642	60,080	60,244	59,122	60,507	61,396	64,186	56,314	47,245	62,030	64,190	75,354	72,912	70,569	75,310	76,455	80,812	82,665	81,035	68,902	68,761	74,092	69,086	80,184	85,523	87,830	84,642	92,214	114,641	121,760	122,817	127,582	133,056	127,265	135,863	112,916	90,527	120,233	118,920
Interest and other income, net
370	11,337	654	4,312	7,910	5,155	1,891	5,641	1,976	4,238	4,816	1,892	2,785	1,051	2,932	1,527	2,591	6,351	6,237	1,847	11,049	6,052	550	5,116	14,050	5,176	5,653	4,492	11,627	3,107	8,758	5,912	5,101	4,667	4,643	5,277	-2,579	7,375	-1,370
Gains on real estate transactions, net
-	-	-	-	-	-	-	-	-	-	779,053	83,006	97,325	295,435	117,296	200,350	144,317	103,599	268,791	108,782	277,715	388,095	151,057	169,583	17,055	151,702	46,074	61,035	338,845	24,639	12,677	520	267,771	-2,966	8,396	102,529	3,725	35,922	10,959
Foreign currency and derivative gains, net
113,329	-111,982	59,492	2,041	8,734	51,295	21,513	85,382	-41,094	-11,569	-18,872	-20,055	-7,400	33,858	-1,730	-10,335	-14,211	12,840	-9,428	-25,512	34,566	-20,579	20,792	10,130	-28,184	-33,648	6,875	-7,744	884	-567	-5,908	12,753	-26,775	-2,472	52,525	-10,255	1,374	6,144	-7,206
Losses on early extinguishment of debt, net
-42,800	-14	-13,585	-385	-2,116	-927	-1,955	282	0	-	0	-30,596	-	0	1,492	2,044	-1,052	-69,778	0	-236	-16,289	-1,939	-86,076	-77,558	273	-112,859	-114,196	-32,608	-17,351	-19,033	0	-500	5,419	-	-298	-	-	-1,791	975
Impairment of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16,135	-	-	103,823	-	-	0
Total other income
84,020	-112,111	32,619	-4,598	10,687	110,562	13,897	97,540	-23,707	-990,228	755,873	27,489	68,403	320,460	90,537	158,585	109,144	23,226	218,122	57,763	269,322	352,414	45,751	48,238	-52,583	-39,793	-113,871	-58,618	244,132	-102,385	-104,727	-105,008	116,320	-146,169	-39,622	-107,789	-74,366	-63,358	-112,258
Earnings before income taxes
552,077	447,529	504,099	437,458	387,277	709,208	389,476	379,095	408,511	351,154	931,364	302,761	230,289	484,668	323,161	300,933	238,342	128,777	321,514	145,111	353,203	427,370	123,863	143,512	18,883	31,685	-36,490	-104	341,171	-271,387	-29,477	-3,404	201,451	-112,549	39,717	-154,757	-45,579	-27,621	-77,940
Current income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,394	43,050	5,848	-	11,012	24,838	55,506	-28,839	-18,099	17,995	11,073	14,374	-4,611	6,311	5,505	5,499	598
Deferred income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33,658	-51,968	1,032	-	1,168	-4,350	-3,640	25,043	-1,884	-9,920	1,051	-22,558	1,773	118	864	1,956	-40,847
Total income tax expense
30,913	21,287	13,086	26,632	13,512	18,718	13,956	14,104	16,552	12,281	17,947	14,781	9,600	17,966	15,919	5,142	15,537	2,020	14,328	4,851	1,891	-354	-23,264	-8,918	6,880	22,199	12,180	20,488	51,866	-3,796	-19,983	8,075	12,124	-8,184	-2,838	6,429	6,369	7,455	-40,249
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,486	-48,670	-20,592	289,305	-274,751	-9,494	-11,479	189,327	-104,365	42,555	-161,186	-51,948	-35,076	-37,691
Income attributable to disposed properties and assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,831	1,206	2,140	1,793	13,979	8,054	6,273	12,521	27,281	11,903	9,384	9,824	18,557	20,122
Net gains on dispositions, including taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,952	40,297	13,467	5,834	45,433	-31,458	9,874	11,249	37,069	11,410	8,175	1,960	8,026	979
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,783	41,503	15,607	7,627	59,412	-23,404	16,147	23,770	64,350	23,313	17,559	11,784	26,583	21,101
Consolidated net earnings
521,164	426,242	491,013	410,826	373,765	690,490	375,520	364,991	391,959	338,873	913,417	287,980	220,689	466,702	307,242	295,791	222,805	126,757	307,186	140,260	351,312	427,724	147,127	152,430	12,003	68,269	-7,167	-4,985	296,932	-215,339	-32,898	4,668	213,097	-40,015	65,868	-143,627	-40,164	-8,493	-16,590
Less net earnings attributable to noncontrolling interests
30,111	39,251	38,867	25,550	25,219	92,430	27,684	28,904	24,581	37,987	35,524	19,363	15,760	24,505	26,316	18,712	13,075	6,762	46,536	-1,658	4,436	17,437	9,212	71,250	5,202	-11,027	1,768	7,284	12,103	3,068	3,323	2,739	118	-4,832	23	202	83	190	191
Net earnings attributable to controlling interests
491,053	386,991	452,146	385,276	348,546	598,060	347,836	336,087	367,378	300,886	877,893	268,617	204,929	442,197	280,926	277,079	209,730	119,995	260,650	141,918	346,876	410,287	137,915	81,180	6,801	61,192	-5,399	2,299	284,829	-218,407	-36,221	1,929	212,979	-35,183	65,845	-143,829	-40,247	-8,683	-16,781
Less preferred stock/unit dividends/distributions
1,635	1,511	1,507	1,492	1,499	1,492	1,491	1,476	1,476	1,476	1,675	1,674	1,674	1,658	1,671	1,696	1,689	1,632	1,671	1,678	1,670	1,678	1,670	1,948	2,135	2,135	2,135	3,816	10,305	10,305	10,305	10,049	10,567	10,276	10,409	7,642	6,369	6,369	6,369
Loss on preferred stock/unit repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,517	-	0	0	0	9,108	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common stockholders/unitholders
489,418	385,480	450,639	383,784	347,047	596,568	346,345	334,611	365,902	295,515	876,218	266,943	203,255	440,539	279,255	275,383	208,041	118,363	258,979	140,240	345,206	408,609	136,245	72,715	4,666	59,057	-7,534	-1,517	265,416	-228,712	-46,526	-8,120	202,412	-45,459	55,436	-151,471	-46,616	-15,052	-23,150
Weighted average common shares/units outstanding - Basic
698,272	631,444	630,929	630,271	629,676	630,124	574,520	532,639	532,185	531,551	531,288	530,040	528,721	528,077	527,288	524,842	524,205	523,938	523,528	523,476	514,022	501,232	499,292	499,112	498,696	498,815	497,989	486,032	461,468	460,420	460,079	459,878	459,203	461,426	458,256	307,756	254,698	212,945	212
Weighted average common shares/units outstanding - Diluted
723,983	654,547	655,259	655,447	654,359	654,671	597,647	554,515	554,123	552,913	554,163	552,114	550,010	550,514	547,200	545,388	543,562	544,041	532,073	530,640	529,022	488,484	516,088	516,619	504,373	499,459	499,848	487,925	478,952	449,428	461,979	459,878	476,107	462,058	462,408	307,756	254,698	212,945	212
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.10	-0.03	0.56	-0.63	-0.05	-0.06	0.39	-0.12	0.07	-0.55	-0.23	-0.19	-0.21
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.08	0.03	0.02	0.13	-0.05	0.04	0.05	0.16	0.05	0.06	0.05	0.12	0.10
Net earnings per share/unit attributable to common stockholders/unitholders - Basic
0.70	0.61	0.71	0.61	0.55	0.98	0.60	0.63	0.69	0.57	1.65	0.50	0.38	0.84	0.53	0.52	0.40	0.23	0.49	0.27	0.67	0.82	0.27	0.15	0.01	0.09	-0.02	0.00	0.58	-0.50	-0.10	-0.02	0.44	0.04	0.12	-0.49	-0.18	-0.07	-0.11
Net earnings per share attributable to common stockholders/unitholders Diluted
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.10	-0.03	0.55	-0.62	-0.05	-0.06	0.39	-0.11	0.07	-0.55	-0.23	-0.19	-0.21
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.08	0.03	0.02	0.12	-0.05	0.04	0.05	0.15	0.05	0.06	0.05	0.12	0.10
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted
0.70	0.60	0.71	0.60	0.55	0.97	0.60	0.62	0.68	0.55	1.63	0.50	0.38	0.84	0.52	0.52	0.39	0.23	0.49	0.27	0.65	0.87	0.23	0.13	0.01	0.09	-0.02	0.00	0.57	-0.50	-0.10	-0.02	0.44	0.04	0.12	-0.49	-0.18	-0.07	-0.11
Dividends or distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	0.42	0.42	0.42	0.42	0.40	0.40	0.36	0.36	0.33	0.33	0.33	0.33	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.25	0.25	0.34	0.34
Distributions per common unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	-	0.42	0.42	-	-	-	-	-	-	0.33	0.33	0.33	-	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.25	0.25	0.34	0.34
Prologis, L.P. [Member]
Rental
878,807	723,857	710,465	700,689	696,807	679,195	608,974	544,679	555,943	920,870	416,427	447,960	439,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental recoveries
-	-	-	-	-	-	-	-	-	-	114,755	128,417	127,049	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic capital
96,591	98,470	230,467	89,144	73,805	126,500	71,142	75,697	132,961	68,148	68,042	180,654	57,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development management and other
2,843	3,689	1,249	539	1,440	1,390	2,316	900	4,752	1,125	3,650	9,152	5,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
978,241	826,016	942,181	790,372	772,052	807,085	682,432	621,276	693,656	619,922	602,874	766,183	629,155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental
227,618	184,196	180,864	181,138	188,068	177,194	147,184	133,329	142,941	140,338	128,735	147,794	152,656	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic capital
46,574	45,993	63,404	37,206	38,058	42,940	35,390	34,850	43,860	35,360	35,996	51,986	31,799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
69,689	65,542	65,199	66,276	69,701	56,698	62,244	57,615	62,428	59,709	57,656	60,077	53,617	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
345,970	289,240	282,254	284,376	284,009	286,758	252,702	203,673	204,081	222,501	201,903	228,145	226,591	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
14,574	3,506	2,294	3,515	3,834	2,415	3,391	4,515	3,239	3,597	3,093	2,909	2,606	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
704,425	588,477	594,015	572,511	583,670	566,005	500,911	433,982	456,549	461,505	427,383	490,911	467,269	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income before gains on real estate transactions, net
273,816	237,539	348,166	217,861	188,382	241,080	181,521	187,294	237,107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of development properties and land, net
162,750	-	-	-	42,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
31,491	-103,035	123,314	224,195	145,767	-112,251	194,058	94,261	195,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
468,057	559,640	471,480	442,056	376,590	598,646	375,579	281,555	432,218	1,341,382	175,491	275,272	161,886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from unconsolidated entities, net
88,730	48,654	46,302	48,556	56,666	116,421	56,634	62,549	62,656	76,300	55,066	68,596	48,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
75,642	60,080	60,244	59,122	60,507	61,396	64,186	56,314	47,245	62,030	64,190	75,354	72,912	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income, net
370	11,337	654	4,312	7,910	5,155	1,891	5,641	1,976	4,238	4,816	1,892	2,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency and derivative gains, net
113,329	-111,982	59,492	2,041	8,734	51,295	21,513	85,382	-41,094	-11,569	-18,872	-20,055	-7,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of investments in real estate, net
-	-	-	-	-	-	-	-	-	-	779,053	83,006	97,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on early extinguishment of debt, net
-42,767	-40	-13,585	-385	-2,116	-913	-1,955	282	0	-	0	-30,596	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
84,020	-112,111	32,619	-4,598	10,687	110,562	13,897	97,540	-23,707	-990,228	755,873	27,489	68,403	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before income taxes
552,077	447,529	504,099	437,458	387,277	709,208	389,476	379,095	408,511	351,154	931,364	302,761	230,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total income tax expense
30,913	21,287	13,086	26,632	13,512	18,718	13,956	14,104	16,552	12,281	17,947	14,781	9,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated net earnings
521,164	426,242	491,013	410,826	373,765	690,490	375,520	364,991	391,959	338,873	913,417	287,980	220,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net earnings attributable to noncontrolling interests
16,141	28,204	25,509	13,864	14,645	74,508	17,264	18,882	14,058	30,086	11,411	11,986	10,137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to controlling interests
505,023	398,038	465,504	396,962	359,120	615,982	358,256	346,109	377,901	308,787	902,006	275,994	210,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less preferred stock/unit dividends/distributions
1,635	1,511	1,507	1,492	1,499	1,492	1,491	1,476	1,476	1,476	1,675	1,674	1,674	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common stockholders/unitholders
503,388	396,527	463,997	395,470	357,621	614,490	356,765	344,633	376,425	303,416	900,331	274,320	208,878	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - Basic
710,141	641,652	641,229	641,127	640,504	640,768	583,363	540,084	538,977	537,338	537,257	536,060	534,685	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - Diluted
723,983	654,547	655,259	655,447	654,359	654,671	597,647	554,515	554,123	552,913	554,163	552,114	550,010	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Basic
0.70	0.61	0.71	0.61	0.55	0.98	0.60	0.63	0.69	0.57	1.65	0.50	0.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted
0.70	0.60	0.71	0.60	0.55	0.97	0.60	0.62	0.68	0.55	1.63	0.50	0.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends or distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-