SPIRIT REALTY CAPITAL, INC. SRC Income Statement

Spirit realty capital, inc. (SRC)

Income statement / TTM

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 income
455,987	438,691	421,835	413,151	404,881	402,321	0	0	0	-	-	-	417,404	420,003	392,020	389,438	388,539	381,238	621,552	607,960	591,495	574,456	559,262	545,197	472,105	404,402	340,055	275,110	271,339	266,567	266,087	263,119	259,693	255,672	246,753	0	0	0	-
Interest income on loans receivable
2,673	3,240	3,786	4,064	3,438	3,447	3,245	2,989	3,449	3,346	1,584	1,761	2,632	3,399	2,757	3,479	3,584	3,647	6,992	7,033	7,124	7,239	0	0	0	-	5,520	5,300	0	-	0	0	-	-	-	-	-	-	-
Earned income from direct financing leases
1,020	1,239	1,390	1,588	1,745	1,814	1,860	1,878	1,931	2,078	2,273	2,450	2,630	2,742	2,807	2,872	2,953	3,024	3,121	3,233	3,292	3,343	3,385	3,256	2,418	1,572	708	0	0	-	0	-	-14	0	0	0	0	0	0
Related party fee income
62,541	69,218	75,840	27,795	22,765	15,838	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental and other property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Tenant reimbursement income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	12,521	12,832	13,124	13,931	15,440	14,968	14,397	13,085	12,869	11,877	8,956	5,637	2,316	0	0	-	0	-	-263	0	0	0	0	0	0
Other income
4,333	4,039	21,917	20,867	21,350	21,705	2,251	2,350	1,413	1,574	-783	4,209	9,598	9,196	6,546	3,947	576	866	6,356	4,137	4,878	4,748	4,424	4,171	2,340	1,928	1,977	1,578	0	-	0	0	-	-	-	-	-	-	-
Interest income on mortgage notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Interest income on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Total revenues
526,554	516,427	524,768	467,465	454,179	445,125	364,087	363,164	369,375	431,258	305,562	369,349	432,405	435,340	416,651	412,568	408,776	402,706	653,461	637,331	621,186	602,871	587,294	571,846	492,471	419,467	345,597	276,975	272,518	273,115	262,515	263,561	264,980	263,230	275,446	273,811	0	0	0
Expenses:
General and administrative
52,733	52,424	52,891	51,197	50,884	52,993	46,843	48,522	56,870	54,998	56,038	58,438	50,420	48,651	49,537	46,590	44,712	45,663	47,476	45,691	44,170	42,637	40,979	40,545	39,245	35,146	35,680	43,096	40,975	36,252	48,311	33,186	28,097	27,854	7,920	7,523	0	0	0
Termination of interest rate swaps
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	6,300	5,826	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Property and asset management expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Merger costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,644	56,628	0	0	-	0	-	-362	0	0	0	0	0	-
Property costs (including reimbursable)
19,419	18,637	19,505	20,270	20,669	21,066	22,005	22,013	24,987	28,487	27,202	28,938	27,769	26,045	21,916	21,496	21,299	21,379	26,485	25,346	25,508	23,383	22,641	22,351	16,102	11,760	7,281	3,269	0	-	0	0	-	-	-	-	-	-	-
Deal pursuit costs
1,792	844	600	340	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisition costs
-	-	-	-	-	-	-	-	1,328	-	1,556	2,435	3,000	2,904	2,322	1,842	1,316	2,352	3,381	3,670	3,443	3,631	3,402	3,007	2,910	1,718	721	960	0	-	0	0	-	-	-	-	-	-	-
Gain on sale of real estate assets, equity in income of unconsolidated joint venture and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Impairment of investment in unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Interest
99,849	101,060	102,674	102,758	101,106	97,548	80,157	85,321	89,824	113,394	73,470	91,175	112,296	118,690	120,271	127,291	134,286	139,183	224,898	223,760	223,585	220,070	216,816	213,667	197,227	179,267	171,573	163,162	165,634	156,220	199,751	184,973	169,847	169,343	106,399	104,828	0	0	0
Depreciation and amortization
186,352	175,465	168,035	164,507	163,107	162,452	142,948	145,887	149,386	173,686	130,562	152,544	173,366	173,036	165,245	164,438	164,846	166,478	258,840	256,416	253,713	247,966	243,758	229,932	197,664	164,054	131,119	109,134	0	-	0	0	-	-	-	-	-	-	-
Impairments
61,173	24,091	13,702	9,049	6,920	6,725	1,100	22,122	30,718	61,597	86,750	79,856	83,153	61,395	34,779	40,399	60,799	50,381	51,319	43,506	37,887	37,598	0	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-
Total expenses
433,738	384,982	369,860	348,094	342,920	340,994	293,886	324,849	353,113	433,596	376,193	417,265	455,696	437,062	406,752	411,574	434,963	432,492	612,516	598,395	601,328	588,307	584,611	598,385	505,698	449,121	407,343	325,056	0	-	0	0	-	-	-	-	-	-	-
Other income:
Acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Impairment of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	0
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Income (loss) from continuing operations before other income and income tax expense
-	-	-	-	-	-	-	-	-	-	0	0	0	-	9,899	994	-26,187	-29,786	40,945	38,936	19,858	14,564	-30,559	-48,725	0	-	0	0	-	-	0	-	-46,567	-48,038	138,045	132,419	0	0	0
Gain on debt extinguishment
-	-14,330	-11,473	-5,893	14,292	27,092	25,902	27,694	22,192	579	3,048	-7,093	6,916	1,605	-4,538	4,153	-6,486	-2,375	2,235	2,105	-65,980	-64,750	-64,496	-64,708	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-
Income (loss) before (loss) gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	42,813	41,185	-46,067	-47,166	-29,066	-58,358	19,029	-1,616	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
50,508	58,850	84,562	52,744	22,108	14,629	10,335	19,988	27,732	42,698	23,592	31,463	35,694	29,623	-27,131	-39,100	934	-61	75,426	70,276	17,837	10,221	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	10,802	14,552	15,000	12,500	8,750	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
34,447	55,322	82,322	56,532	43,581	45,152	57,454	65,149	66,141	43,277	49,644	29,414	36,539	31,228	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-	-	-	-	0	-	0	0	0	0	0
(Loss) income before income tax expense
127,263	186,767	237,230	175,903	154,840	149,283	127,655	103,464	82,403	40,939	-20,987	-18,502	13,248	29,506	5,300	5,086	-32,734	-32,222	43,180	41,041	-46,122	-50,186	-64,218	-93,652	-15,632	-32,059	-91,411	-78,014	0	-	0	0	-	-	-	-	-	-	-
Total other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Income tax expense
11,422	11,501	12,047	992	849	792	517	526	509	511	405	273	952	868	704	876	198	479	794	852	818	673	754	1,315	1,256	1,113	1,019	471	0	-	0	0	-	-	-	-	-	-	-
Income from continuing operations
-	-	225,183	174,911	-	148,491	100,739	73,490	0	-	0	0	-	-	-	-	-	-32,701	42,386	40,189	-46,940	-50,859	-64,972	-94,967	-16,888	-33,172	-92,430	-78,485	0	-	0	0	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-163	166	541	3,368	721	427	18	-4,530	-1,585	-1,086	0	-	0	0	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	590	830	332	325	35,185	36,182	35,899	36,086	2,247	929	0	-	0	0	-	-	-	-	-	-	-
(Loss) income from discontinued operations
-	-	-460	-1,426	-	-16,439	-17,479	2,920	0	-	0	0	-	-	-	-	-	125,913	427	996	873	3,693	35,906	36,609	35,917	31,556	662	-157	0	-	0	0	-	-	-	-	-	-	-
Net (loss) income
115,841	175,266	224,723	173,485	144,912	132,052	113,729	88,995	95,037	77,148	42,345	64,422	87,175	97,446	102,759	90,363	93,749	93,212	118,239	111,461	-28,230	-36,945	0	0	0	-	-69,304	-97,255	-94,368	-76,233	-157,315	-94,504	-70,795	-63,863	53,001	43,789	0	0	0
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
10,350	10,350	10,339	10,340	10,340	10,352	10,306	7,718	5,130	2,530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net (loss) income attributable to common stockholders/after preferred distributions
105,491	164,916	214,372	163,133	134,560	121,700	103,435	81,289	89,919	74,618	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net (loss) income per share attributable to common stockholders:
Net income per share attributable to common stockholders - basic:
Continuing operations (in USD per share)
-	-	0.87	0.49	-	0.61	0.33	0.26	0.39	-	0.01	0.01	-	-	-	-	-	-0.27	0.03	0.11	0.05	0.08	0.02	-0.24	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-0.01	-0.01	-0.09	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in USD per share)
-0.18	-0.03	0.87	0.49	0.48	0.60	0.32	0.17	0.31	0.70	0.01	0.05	0.03	0.82	0.06	0.10	0.05	0.02	0.03	0.11	0.05	0.08	0.02	-0.24	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share attributable to common stockholders - diluted:
Continuing operations (in USD per share)
-	-	0.87	0.49	-	0.60	0.33	0.26	0.39	-	0.01	0.01	-	-	-	-	-	-0.27	0.03	0.11	0.05	0.08	0.02	-0.24	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-0.01	-0.01	-0.09	-0.08	-	0.00	0.04	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in USD per share)
-0.18	-0.03	0.87	0.49	0.48	0.59	0.32	0.17	0.31	0.70	0.01	0.05	0.03	0.82	0.06	0.10	0.05	0.02	0.03	0.11	0.05	0.08	0.02	-0.24	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share of common stockbasic and diluted:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	-0.08	-0.04	-	-0.91	-0.36	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	-	0.02	0.02	-	-	-	-	-	-	-
Net (loss) income per share attributable to common stockholders - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	-0.08	-0.05	0.21	-0.89	-0.34	0.05	-1.51	0.06	0.07	0.08	0.04	0.02
Weighted average shares of common stock outstanding:
Basic (in shares)
102,230	99,947	90,040	87,001	85,497	85,346	85,336	85,627	88,975	-1,044,033	456,671	479,102	482,607	-1,018,707	479,554	473,161	441,365	441,049	440,205	436,619	411,017	399,971	396,807	381,775	368,684	-	329,527	-	-	-	-	-	210,176	-	209,827	209,586	209,271	207,962	206,653
Diluted (in shares)
102,230	99,684	90,396	87,890	85,504	85,502	85,578	85,804	89,020	-1,044,028	456,671	479,102	482,609	-1,019,734	480,598	473,164	441,368	439,991	440,353	436,923	411,622	398,462	397,613	381,775	369,387	-	329,527	-	159,421	-	-	-	210,177	-	209,827	209,586	209,271	207,962	206,656
Dividends declared per common share/per partnership unit issued (in USD per share)
0.62	-	0.62	0.62	0.62	-	0.62	0.90	0.90	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.00	-	0.16	-	0.16	0.16	0.15	0.16	0.16
Net (loss) income per partnership unit:
Weighted average partnership units outstanding:
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159,430	159,421	-	55,909	25,863	-	-	-	-	-	-	-
Spirit Realty, L.P.
Rental income
455,987	438,691	420,911	409,636	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on loans receivable
2,673	3,240	3,870	3,321	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on loans receivable
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earned income from direct financing leases
1,020	1,239	1,436	1,634	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earned income from direct financing leases
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party fee income
62,541	69,218	75,721	23,145	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party fee income
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
4,333	4,039	2,991	2,705	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursement income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
526,554	516,427	504,929	440,441	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
52,733	52,424	50,774	51,567	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination of interest rate swaps
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property costs (including reimbursable)
19,419	18,637	19,140	19,539	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property costs (including reimbursable)
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deal pursuit costs
1,792	844	600	340	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
99,808	101,060	101,246	100,119	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisition costs
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
186,352	175,465	166,977	163,012	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
61,173	24,091	14,510	10,056	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
433,738	384,982	365,708	344,633	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-14,330	-5,964	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before other income/(expense) and income tax expense
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
50,508	58,850	71,196	38,082	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) before Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	10,802	14,552	12,500	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
34,447	55,322	74,275	50,198	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before income tax expense
127,263	186,767	213,496	146,006	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before income tax expense
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
11,422	11,501	11,865	852	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations
-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
115,841	175,266	200,665	136,535	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
10,350	10,350	10,351	10,352	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to common stockholders/after preferred distributions
105,491	164,916	190,314	126,183	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders/after preferred distributions
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share/per partnership unit issued (in USD per share)
0.62	-	0.62	0.62	0.62	-	0.62	0.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share/per partnership unit issued (in USD per share)
-	-	-	-	-	-	-	-	0.90	-	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to the general partner
927	1,450	1,758	1,188	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the general partner
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to the limited partners
114,914	173,816	193,732	132,759	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the limited partners
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0.87	0.49	-	-	0.33	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	0.39	-	0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-0.01	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-0.18	-0.03	0.87	0.49	0.48	-	0.32	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per partnership unit - basic (in USD per share)
-	-	-	-	-	-	-	-	0.31	-	0.01	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0.87	0.49	-	-	0.33	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	0.39	-	0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-0.01	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.18	-0.03	0.87	0.49	0.48	-	0.32	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per partnership unit - diluted (in USD per share)
-	-	-	-	-	-	-	-	0.31	-	0.01	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
102,230	99,947	90,040	87,001	85,497	-	85,336	85,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	88,975	-	456,671	479,102	482,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
102,230	99,684	90,396	87,890	85,504	-	85,578	85,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
-	-	-	-	-	-	-	-	89,020	-	456,671	479,102	482,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rentals
Revenue from leases
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursement income
Revenue from leases
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-