| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
Income from direct financing and sales-type leases | |||||||||
850,707 | 822,205 | 790,571 | 774,508 | 755,278 | 741,564 | 704,464 | 0 | 0 | 0 |
Income from operating leases | |||||||||
43,653 | 43,653 | 44,085 | 45,381 | 46,676 | 47,972 | 48,156 | 0 | 0 | 0 |
Income from lease financing receivables and loans | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Tenant reimbursements and other income | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Tenant reimbursement of property taxes | |||||||||
- | - | 19,918 | 45,065 | - | 81,240 | 80,880 | 0 | 0 | 0 |
Revenues | |||||||||
935,797 | 894,798 | 883,300 | 893,474 | 893,703 | 897,977 | 859,547 | 0 | 0 | 0 |
Operating expenses | |||||||||
General and administrative | |||||||||
25,359 | 24,569 | 23,743 | 22,704 | 23,346 | 24,429 | 30,085 | 0 | 0 | 0 |
Depreciation | |||||||||
3,768 | 3,831 | 3,877 | 3,806 | 3,710 | 3,686 | 3,508 | 0 | 0 | 0 |
Tenant reimbursements and other expenses | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Property taxes | |||||||||
- | - | 20,212 | 45,635 | - | 81,810 | 81,156 | 0 | 0 | 0 |
Golf operations | |||||||||
19,179 | 18,901 | 18,903 | 17,703 | 17,368 | 17,371 | 16,957 | 0 | 0 | 0 |
Change in allowance for credit losses | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Loss on impairment | |||||||||
- | - | 0 | - | - | - | 0 | - | - | 0 |
Transaction and acquisition expenses | |||||||||
8,626 | 4,998 | 4,749 | 0 | 0 | - | 0 | - | 0 | 0 |
Total operating expenses | |||||||||
207,143 | 52,299 | 71,877 | 106,331 | 122,607 | 140,023 | 153,079 | 0 | 0 | 0 |
Direct | |||||||||
Operating income | |||||||||
728,654 | 842,499 | 811,423 | 787,143 | 771,096 | 757,954 | 706,468 | 0 | 0 | 0 |
Interest expense | |||||||||
270,891 | 248,384 | 231,233 | 216,753 | 213,374 | 212,663 | 221,720 | 0 | 0 | 0 |
Interest income | |||||||||
20,367 | 20,014 | 19,664 | 15,001 | 14,796 | 11,307 | 7,786 | 0 | 0 | 0 |
Loss from extinguishment of debt | |||||||||
-97,202 | -58,143 | 0 | 0 | 0 | -23,040 | -61,528 | 0 | 0 | 0 |
(Loss) income before income taxes | |||||||||
380,928 | 555,986 | 599,854 | 585,391 | 572,518 | 533,558 | 431,006 | 0 | 0 | 0 |
Income tax expense | |||||||||
1,638 | 1,705 | 1,655 | 1,683 | 1,578 | 1,441 | -1,017 | 0 | 0 | 0 |
Net (loss) income | |||||||||
379,290 | 554,281 | 598,199 | 583,708 | 570,940 | 532,117 | 432,023 | 0 | 0 | 0 |
Less: Net income attributable to non-controlling interest | |||||||||
8,187 | 8,317 | 8,325 | 8,357 | 8,594 | 8,498 | 8,283 | 0 | 0 | 0 |
Net (loss) income attributable to common stockholders | |||||||||
371,103 | 545,964 | 589,874 | 575,351 | 562,346 | 523,619 | 423,740 | 0 | 0 | 0 |
Net (loss) income per common share | |||||||||
Earnings Per Share [Abstract] | |||||||||
Basic (in dollars per share) | |||||||||
-0.05 | 0.20 | 0.31 | 0.37 | 0.37 | 0.37 | 0.35 | 0.38 | 0.33 | 0.19 |
Diluted (in dollars per share) | |||||||||
-0.05 | 0.19 | 0.31 | 0.37 | 0.37 | 0.37 | 0.35 | 0.38 | 0.33 | 0.19 |
Dividends declared per common share (in dollars per share) | |||||||||
- | - | - | - | - | - | - | 0.26 | 0.16 | - |
Weighted average number of shares of common stock outstanding | |||||||||
Basic (in shares) | |||||||||
465,177 | 461,574 | 460,666 | 412,310 | 405,734 | 386,135 | 369,935 | 369,933 | 342,901 | 227,829 |
Diluted (in shares) | |||||||||
465,177 | 471,984 | 465,772 | 412,821 | 406,035 | 386,092 | 370,127 | 369,992 | 343,057 | 227,985 |
Other comprehensive income | |||||||||
Net (loss) income attributable to common stockholders | |||||||||
371,103 | 545,964 | 589,874 | 575,351 | 562,346 | 523,619 | 423,740 | 0 | 0 | 0 |
Unrealized loss on cash flow hedges | |||||||||
-78,901 | -42,954 | -82,581 | -65,363 | -39,315 | -22,124 | 5,465 | 0 | 0 | 0 |
Comprehensive (loss) income attributable to common stockholders | |||||||||
292,202 | 503,010 | 507,293 | 509,988 | 523,031 | 501,495 | 429,205 | 0 | 0 | 0 |
Golf operations | |||||||||
Revenues | |||||||||
27,901 | 28,940 | 28,726 | 28,520 | 27,752 | 27,201 | 26,047 | 0 | 0 | 0 |