COMBINED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands |
3 Months Ended | 4 Months Ended | 8 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Dec. 31, 2015 |
Aug. 17, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Revenues: | |||||||||||||
| Rental income, net | $ 124,510,000 | $ 197,275,000 | $ 321,785,000 | $ 291,962,000 | $ 287,794,000 | ||||||||
| Income from investments in direct financing lease and loans | 1,643,000 | 2,175,000 | 3,818,000 | 3,400,000 | 3,813,000 | ||||||||
| Real estate services fee income | 2,247,000 | 0 | 2,247,000 | 0 | 0 | ||||||||
| Interest and other income | 28,000 | 63,000 | 91,000 | 2,000 | 25,000 | ||||||||
| Total revenues | $ 87,331,000 | $ 82,317,000 | $ 79,720,000 | $ 78,573,000 | $ 70,971,000 | $ 73,278,000 | $ 75,866,000 | $ 75,249,000 | 128,428,000 | 199,513,000 | 327,941,000 | 295,364,000 | 291,632,000 |
| Expenses: | |||||||||||||
| Interest | 12,325,000 | 22,000 | 12,347,000 | 0 | 0 | ||||||||
| Depreciation and amortization | 44,764,000 | 66,988,000 | 111,752,000 | 91,612,000 | 87,586,000 | ||||||||
| Impairment on real estate investments | 10,241,000 | 12,898,000 | 23,139,000 | 8,769,000 | 5,601,000 | ||||||||
| General, administrative and professional fees | 13,637,000 | 15,585,000 | 29,222,000 | 22,412,000 | 22,552,000 | ||||||||
| Merger-related expenses and deal costs | 2,421,000 | 3,933,000 | 6,354,000 | 1,547,000 | 0 | ||||||||
| Other | 199,000 | 1,267,000 | 1,466,000 | 13,183,000 | 1,368,000 | ||||||||
| Total expenses | 83,587,000 | 100,693,000 | 184,280,000 | 137,523,000 | 117,107,000 | ||||||||
| Income before income taxes, real estate dispositions and noncontrolling interests | 44,841,000 | 98,820,000 | 143,661,000 | 157,841,000 | 174,525,000 | ||||||||
| Income tax expense | 66,000 | (1,004,000) | (938,000) | 0 | 0 | ||||||||
| Gain (loss) on real estate dispositions | 632,000 | 0 | 632,000 | (61,000) | (15,000) | ||||||||
| Net income | 45,539,000 | 97,816,000 | 143,355,000 | 157,780,000 | 174,510,000 | ||||||||
| Net income attributable to noncontrolling interests | 69,000 | $ 120,000 | 189,000 | 185,000 | 220,000 | ||||||||
| Net income attributable to CCP | $ 45,470,000 | $ 143,166,000 | $ 157,595,000 | $ 174,290,000 | |||||||||
| Basic: | |||||||||||||
| Net income attributable to CCP (in dollars per share) | $ 0.38 | $ 0.43 | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.40 | $ 0.55 | $ 0.50 | $ 1.71 | $ 1.89 | $ 2.09 | ||
| Diluted: | |||||||||||||
| Net income attributable to CCP (in dollars per share) | $ 0.38 | $ 0.43 | $ 0.45 | $ 0.44 | $ 0.45 | $ 0.40 | $ 0.55 | $ 0.49 | $ 1.71 | $ 1.88 | $ 2.08 | ||
| Weighted average shares used in computing earnings per common share: | |||||||||||||
| Basic (in shares) | 83,488 | 83,488 | 83,488 | ||||||||||
| Diluted (in shares) | 83,607 | 83,658 | 83,658 | ||||||||||