Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Lease revenues: |
|
|
|
| Rental income |
$ 298,775
|
$ 271,523
|
$ 254,658
|
| Interest income from direct financing leases |
58,066
|
55,669
|
54,517
|
| Total lease revenues |
356,841
|
327,192
|
309,175
|
| Other real estate income |
46,623
|
49,562
|
53,107
|
| Other operating income |
30,224
|
36,591
|
28,536
|
| Other interest income |
6,674
|
13,602
|
5,888
|
| Gross Revenues |
440,362
|
426,947
|
396,706
|
| Operating Expenses |
|
|
|
| Depreciation and amortization |
122,259
|
106,732
|
102,167
|
| Property expenses |
70,728
|
72,514
|
66,402
|
| Impairment charges |
29,706
|
1,023
|
570
|
| Other real estate expenses |
17,642
|
19,595
|
24,665
|
| General and administrative |
16,310
|
18,377
|
22,253
|
| Acquisition expenses |
7,157
|
651
|
5,169
|
| Operating Expenses, Total |
263,802
|
218,892
|
221,226
|
| Other Income and Expenses |
|
|
|
| Interest expense |
(98,813)
|
(93,551)
|
(93,001)
|
| Gain on change in control of interests |
49,922
|
0
|
0
|
| Loss on extinguishment of debt |
(24,376)
|
(275)
|
(263)
|
| Equity in earnings of equity method investments in real estate |
3,262
|
14,667
|
24,073
|
| Other income and (expenses) |
(1,728)
|
1,912
|
(1,909)
|
| Nonoperating income expense |
(71,733)
|
(77,247)
|
(71,100)
|
| Income before income taxes and gain on sale of real estate |
104,827
|
130,808
|
104,380
|
| Provision for income taxes |
(8,477)
|
(8,885)
|
(10,725)
|
| Income before gain on sale of real estate, net of tax |
96,350
|
121,923
|
93,655
|
| Gain on sale of real estate, net of tax |
132,858
|
2,197
|
13,338
|
| Net Income |
229,208
|
124,120
|
106,993
|
| Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $24,765, $24,668, and $20,427, respectively) |
(38,863)
|
(39,915)
|
(32,842)
|
| Net income attributable to CPA®:17 – Global |
$ 190,345
|
$ 84,205
|
$ 74,151
|
| Income from continuing operations attributable to CPA®:17 – Global (usd per share) |
$ 0.56
|
$ 0.25
|
$ 0.23
|
| Basic and Diluted Weighted-Average Shares Outstanding, shares |
342,147,444
|
334,468,363
|
324,117,508
|