| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Revenues | ||||||
Income from direct financing and sales-type leases | ||||||
822,205 | 741,564 | |||||
Income from operating leases | ||||||
43,653 | 47,972 | |||||
Tenant reimbursement of property taxes | ||||||
0 | 81,240 | |||||
Revenues | ||||||
894,798 | 897,977 | |||||
Operating expenses | ||||||
General and administrative | ||||||
24,569 | 24,429 | |||||
Depreciation | ||||||
3,831 | 3,686 | |||||
Property taxes | ||||||
0 | 81,810 | |||||
Golf operations | ||||||
18,901 | 17,371 | |||||
Loss on impairment | ||||||
0 | 12,334 | |||||
Transaction and acquisition expenses | ||||||
4,998 | 393 | |||||
Total operating expenses | ||||||
52,299 | 140,023 | |||||
Direct | ||||||
Operating income | ||||||
842,499 | 757,954 | |||||
Interest expense | ||||||
248,384 | 212,663 | |||||
Interest income | ||||||
20,014 | 11,307 | |||||
Loss from extinguishment of debt | ||||||
-58,143 | -23,040 | |||||
(Loss) income before income taxes | ||||||
555,986 | 533,558 | |||||
Income tax expense | ||||||
1,705 | 1,441 | |||||
Net (loss) income | ||||||
554,281 | 532,117 | |||||
Less: Net income attributable to non-controlling interest | ||||||
8,317 | 8,498 | |||||
Net (loss) income attributable to common stockholders | ||||||
545,964 | 523,619 | |||||
Net (loss) income per common share | ||||||
Earnings Per Share [Abstract] | ||||||
Basic (in dollars per share) | ||||||
1.25 | 1.43 | |||||
Diluted (in dollars per share) | ||||||
1.24 | 1.43 | |||||
Weighted average number of shares of common stock outstanding | ||||||
Basic (in shares) | ||||||
435,071 | 367,226 | |||||
Diluted (in shares) | ||||||
439,153 | 367,317 | |||||
Other comprehensive income | ||||||
Net (loss) income attributable to common stockholders | ||||||
545,964 | 523,619 | |||||
Unrealized loss on cash flow hedges | ||||||
-42,954 | -22,124 | |||||
Comprehensive (loss) income attributable to common stockholders | ||||||
503,010 | 501,495 | |||||
Golf operations | ||||||
Revenues | ||||||
28,940 | 27,201 | |||||