| Selected Quarterly Financial Data (Unaudited) |
(Dollars in thousands, except per share amounts) | | | | | | | | | | | | | | | | | | Three Months Ended | | March 31, 2016 | | June 30, 2016 | | September 30, 2016 | | December 31, 2016 | Revenues | $ | 107,226 |
| | $ | 109,185 |
| | $ | 110,076 |
| | $ | 113,875 |
| Expenses | 56,205 |
| | 60,037 |
| | 87,442 |
| | 60,118 |
| Net income (a) | 55,617 |
| | 91,241 |
| | 67,045 |
| | 15,305 |
| Net income attributable to noncontrolling interests | (10,194 | ) | | (9,383 | ) | | (8,827 | ) | | (10,459 | ) | Net income attributable to CPA®:17 – Global | 45,423 |
| | 81,858 |
| | 58,218 |
| | 4,846 |
| | | | | | | | | Earnings per share attributable to CPA®:17 – Global | $ | 0.13 |
| | $ | 0.24 |
| | $ | 0.17 |
| | $ | 0.01 |
| Distributions declared per share | $ | 0.1625 |
| | $ | 0.1625 |
| | $ | 0.1625 |
| | $ | 0.1625 |
| | | | | | | | | | Three Months Ended | | March 31, 2015 | | June 30, 2015 | | September 30, 2015 | | December 31, 2015 | Revenues | $ | 98,750 |
| | $ | 109,667 |
| | $ | 108,202 |
| | $ | 110,328 |
| Expenses | 54,108 |
| | 53,795 |
| | 54,253 |
| | 56,736 |
| Net income (b) | 23,844 |
| | 39,375 |
| | 29,199 |
| | 31,702 |
| Net income attributable to noncontrolling interests | (9,264 | ) | | (10,935 | ) | | (9,147 | ) | | (10,569 | ) | Net income attributable to CPA®:17 – Global | 14,580 |
| | 28,440 |
| | 20,052 |
| | 21,133 |
| | | | | | | | | Earnings per share attributable to CPA®:17 – Global | $ | 0.04 |
| | $ | 0.09 |
| | $ | 0.06 |
| | $ | 0.06 |
| Distributions declared per share | $ | 0.1625 |
| | $ | 0.1625 |
| | $ | 0.1625 |
| | $ | 0.1625 |
|
__________ | | (a) | Amount for the three months ended June 30, 2016 includes gains on change of control of interests of $49.9 million, recognized in connection our acquisition of the remaining 15% controlling interest in a jointly owned investment in five self-storage properties (Note 4). Amounts for the three months ended March 31, 2016, June 30, 2016 and September 30, 2016 include gain on sale of real estate, net of tax totaling $25.4 million, $25.0 million, and $82.3 million, respectively, recognized in connection with the disposition of certain self-storage properties that occurred during these periods. Amounts for the three months ended March 31, 2016, June 30, 2016, September 30, 2016, and December 31, 2016 include a loss on extinguishment of debt of $2.5 million, $5.1 million, $16.0 million, and $0.8 million, respectively (Note 10). Amount for the three months ended September 30, 2016, includes an impairment charge of $29.2 million (Note 8). During the three months ended December 31, 2016, our Shelborne equity investment incurred a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement. Additionally, we recorded $10.6 million of losses guaranteed by the previous management company under the terms of the management agreement (Note 6). |
| | (b) | Amount for the three months ended March 31, 2015 includes a gain on sale of real estate of $2.2 million, recognized in connection with the I Shops partial sale (Note 14). |
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