| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Rental income | $1.37B+2.8% | $1.33B+3.4% | $1.29B+9.6% | $1.17B+6.0% | $1.11B+7.3% | $1.03B+3.5% | $996.2M+33.2% | $747.7M |
| Income from investment in leases, sales type | $15.1M+202.3% | $5.0M | $0 | $0 | — | — | — | — |
| Interest income from real estate loans | $16.0M+52.8% | $10.5M+905.0% | $1.0M | $0 | $0-100.0% | $19.1M-33.8% | $28.9M+316.5% | $6.9M |
| Total income from real estate | $1.59B+4.1% | $1.53B+6.3% | $1.44B+9.8% | $1.31B+18.5% | $1.11B+5.4% | $1.05B+2.4% | $1.03B | — |
| Land rights and ground lease expense | $55.4M+16.2% | $47.7M-0.9% | $48.1M-1.9% | $49.0M+31.2% | $37.4M+28.7% | $29.0M-31.6% | $42.4M+49.7% | $28.4M |
| General and administrative | $63.5M+6.6% | $59.6M+5.5% | $56.5M+10.0% | $51.3M-16.2% | $61.2M-10.7% | $68.6M+4.9% | $65.4M-7.7% | $70.8M |
| Gains from dispositions of property | -$125K+96.7% | -$3.8M-17127.3% | -$22K+100.0% | -$67.5M-210.2% | -$21.8M+47.5% | -$41.4M-45092.4% | $92K-70.2% | $309K |
| Impairment Charge and Property Tax Recovery | $0 | $0+100.0% | -$2.2M | — | — | — | — | — |
| Depreciation | $265.9M+2.2% | $260.2M-1.0% | $262.9M+10.1% | $238.7M+1.0% | $236.4M+2.4% | $231.0M-3.9% | $240.4M+75.4% | $137.1M |
| Accounts Receivable, Credit Loss Expense (Reversal) | $8.7M-76.7% | $37.3M+476.6% | $6.5M-6.3% | $6.9M-16.1% | $8.2M | — | — | — |
| Total operating expenses | $393.3M-1.9% | $400.9M+7.8% | $371.7M+31.9% | $281.8M-24.8% | $374.6M+8.9% | $343.9M-21.1% | $436.1M-5.6% | $461.9M |
| Income from operations | $1.20B+6.3% | $1.13B+5.8% | $1.07B+3.8% | $1.03B+22.4% | $841.8M+4.0% | $809.3M+12.8% | $717.4M+20.8% | $593.8M |
| Interest expense | -$373.9M-1.9% | -$366.9M-13.5% | -$323.4M-4.6% | -$309.3M-9.3% | -$283.0M-0.3% | -$282.1M+6.4% | -$301.5M-21.7% | -$247.7M |
| Interest income | $28.8M-37.4% | $46.0M+264.8% | $12.6M+561.8% | $1.9M+867.0% | $197K-65.4% | $569K-24.7% | $756K-58.6% | $1.8M |
| Losses on debt extinguishment | -$3.8M | $0+100.0% | -$556K+74.6% | -$2.2M | $0+100.0% | -$18.1M+13.8% | -$21.0M-505.1% | -$3.5M |
| Total other expenses | -$348.9M-8.7% | -$320.9M-3.1% | -$311.3M-0.6% | -$309.6M-10.8% | -$279.3M+6.8% | -$299.7M+6.9% | -$321.8M-29.1% | -$249.3M |
| Income before income taxes | $852.6M+5.3% | $809.8M+6.9% | $757.4M+5.1% | $720.3M+28.1% | $562.4M+10.4% | $509.6M+28.8% | $395.6M+14.9% | $344.5M |
| Income tax expense | $2.2M+4.7% | $2.1M+6.6% | $2.0M-88.3% | $17.1M-39.8% | $28.3M+631.0% | $3.9M-18.6% | $4.8M-4.0% | $5.0M |
| Net income | $825.1M+5.2% | $784.6M+6.9% | $734.3M+7.2% | $684.7M+28.2% | $534.0M+5.6% | $505.7M+29.4% | $390.9M+15.1% | $339.5M |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable | -$25.2M-9.6% | -$23.0M-9.2% | -$21.1M-13.2% | -$18.6M-47674.4% | -$39K | $0 | $0 | — |
| Basic earnings per common share (in dollars per share) | $2950.00+2.8% | $2870.00+3.2% | $2780.00+102483.0% | $2.71+19.4% | $2.27-99.9% | $2310.00+26.9% | $1820.00+14.5% | $1590.00 |
| Diluted earnings per common share (in dollars per share) | $2950.00+2.8% | $2870.00+3.6% | $2770.00+102492.6% | $2.70+19.5% | $2.26-99.9% | $2300.00+27.1% | $1810.00+14.6% | $1580.00 |
| Reclassification of derivative gain to interest expense | -$33K | $0 | $0 | — | — | — | — | — |
| Gain on cash flow hedges | $967K | $0 | $0 | — | — | — | — | — |
| Comprehensive income | $851.3M+5.4% | $807.6M+6.9% | $755.4M | — | — | — | — | — |
| Comprehensive income attributable to non-controlling interest in the Operating Partnership | -$25.3M-9.8% | -$23.0M-9.2% | -$21.1M | — | — | — | — | — |
| Comprehensive income attributable to common shareholders | $826.0M+5.3% | $784.6M+6.9% | $734.3M | — | — | — | — | — |
| Real estate | ||||||||
| Income from direct financing lease | $195.6M+5.5% | $185.4M+21.2% | $153.0M+10.6% | $138.3M | $0 | $0 | — | $81.1M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.