As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

Revenues

Rental income 88,158 194,620 204,049 242,532 198,015
Operating expense reimbursements 5,225 10,712 10,125 16,763 12,966
Total revenues 93,383 205,332 214,174 259,295 210,981

Expenses (income)

Property operating 7,947 18,180 19,038 28,857 20,982
Fire loss (recovery) NA 0 0 45 (49)
Operating fees to related parties 797 15,167 19,751 24,457 20,925
Acquisition and transaction related 83,498 6,053 9,792 1,979 5,243
Listing fees 0 18,653 0 0 NA
Vesting of Class B Units 0 14,480 0 0 NA
General and administrative 4,314 7,175 7,108 8,648 7,822
Equity-based compensation 0 2,345 3,748 (3,787) 1,198
Depreciation and amortization 40,387 90,070 94,455 113,048 89,504
Total expenses 136,943 172,123 153,892 173,247 145,625
Operating income (43,560) 33,209 60,282 86,048 65,356

Other income (expense)

Interest expense (14,852) (34,864) (39,121) (48,450) (42,494)
Income from investments 14 15 0 0 NA
Losses on foreign currency (186) NA NA NA NA
Realized losses on investment securities 0 (66) 0 0 NA
Loss on extinguishment of debt NA NA NA NA (3,897)
(Loss) gain on dispositions of real estate investments 0 0 13,341 1,089 (5,751)
Gain (loss) on derivative instruments 1,881 3,935 7,368 (8,304) 4,688
Unrealized gain (loss) on undesignated foreign currency advances and other hedge ineffectiveness 1,387 5,124 10,109 (3,679) 18
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges 0 (3,558) 0 0 NA
Other income 291 79 20 22 67
Total other expense, net (11,465) (29,335) (8,283) (59,322) (47,369)
Net income before income tax (55,025) 3,874 51,999 26,726 17,987
Income tax expense 1,431 (5,889) (4,422) (3,140) (2,800)
Net income (53,594) (2,015) 47,577 23,586 15,187
Net income attributable to non-controlling interest 0 (50) (437) (21) 0
Preferred Stock dividends NA 0 0 (2,834) (7,361)
Net income attributable to common stockholders (53,594) (2,065) 47,140 20,731 7,826

Basic and Diluted Earnings Per Share

Basic and diluted net income per share attributable to common stockholders (0.43) (0.04) 0.82 0.30 0.11

Weighted average shares outstanding

Basic and Diluted 126,079,369 58,103,298 56,720,448 66,877,620 NA
Basic NA NA NA NA 68,014,855
Diluted NA NA NA NA 68,417,253

Comprehensive income

Net income (53,594) (2,015) 47,577 23,586 15,187

Other comprehensive income

Cumulative translation adjustment 476 1,257 (6,447) 27,954 (9,813)
Designated derivatives, fair value adjustments (6,384) 556 (6,705) 8,163 7,468
Other comprehensive (loss) income (5,908) 1,813 (13,152) 36,117 (2,345)
Comprehensive income (59,502) (202) 34,425 59,703 12,842

Amounts attributable to non-controlling interest

Net income 0 (50) (437) (21) 0
Cumulative translation adjustment 0 197 52 2 0
Designated derivatives, fair value adjustments 0 (70) 54 23 0
Comprehensive income attributable to non-controlling interest 0 77 (331) 4 0
Preferred Stock dividends NA 0 0 (2,834) (7,361)
Comprehensive (loss) income attributable to common stockholders (59,502) (125) 34,094 56,873 5,481
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.