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 Q2 YTD 6/30/2018 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 Q2 YTD 6/30/2018 USD

Revenues

Rental income 88,158 194,620 204,049 242,532 129,354
Operating expense reimbursements 5,225 10,712 10,125 16,763 9,703
Total revenues 93,383 205,332 214,174 259,295 139,057

Expenses (income)

Property operating 7,947 18,180 19,038 28,857 15,681
Fire (recovery) loss NA 0 0 45 (80)
Operating fees to related parties 797 15,167 19,751 24,457 13,969
Acquisition and transaction related 83,498 6,053 9,792 1,979 3,724
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 4,607
Equity-based compensation 0 2,345 3,748 (3,787) (855)
Depreciation and amortization 40,387 90,070 94,455 113,048 59,309
Total expenses 136,943 172,123 153,892 173,247 96,355
Operating income (43,560) 33,209 60,282 86,048 42,702

Other income (expense)

Interest expense (14,852) (34,864) (39,121) (48,450) (27,390)
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) gain on dispositions of real estate investments 0 0 13,341 1,089 (3,818)
Gain (loss) on derivative instruments 1,881 3,935 7,368 (8,304) 3,398
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 1,387 5,124 10,109 (3,679) (90)
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 23
Total other expense, net (11,465) (29,335) (8,283) (59,322) (27,877)
Net income before income tax (55,025) 3,874 51,999 26,726 14,825
Income tax expense 1,431 (5,889) (4,422) (3,140) (2,270)
Net income (53,594) (2,015) 47,577 23,586 12,555
Net income attributable to non-controlling interest 0 (50) (437) (21) 0
Preferred Stock dividends NA 0 0 (2,834) (4,906)
Net income attributable to common stockholders (53,594) (2,065) 47,140 20,731 7,649

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 67,289,639

Comprehensive income

Net income (53,594) (2,015) 47,577 23,586 12,555

Other comprehensive income

Cumulative translation adjustment 476 1,257 (6,447) 27,954 (6,078)
Designated derivatives, fair value adjustments (6,384) 556 (6,705) 8,163 5,747
Other comprehensive income (5,908) 1,813 (13,152) 36,117 (331)
Comprehensive (loss) income (59,502) (202) 34,425 59,703 12,224

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) (4,906)
Comprehensive (loss) income attributable to common stockholders (59,502) (125) 34,094 56,873 7,318
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