| | ||||||||||||||||||||||||||||
Title of Each Class of Securities to be
Registered |
| | |
Amount to be
Registered |
| | |
Proposed Maximum
Offering Price Per Share |
| | |
Proposed Maximum
Aggregate Offering Price |
| | |
Amount of
Registration Fee(1) |
| ||||||||||||
Common Stock, $0.01 par value
|
| | | | | 2,530,000 | | | | | | $ | 76.00 | | | | | | $ | 192,280,000 | | | | | | $ | 20,977.75 | | |
| | |
Per share
|
| |
Total
|
| ||||||
Public offering price
|
| | | $ | 76.00 | | | | | $ | 167,200,000 | | |
Underwriting discounts and commissions(1)
|
| | | $ | 3.04 | | | | | $ | 6,688,000 | | |
Proceeds, before expenses, to us(2)
|
| | | $ | 72.96 | | | | | $ | 160,512,000 | | |
|
Goldman Sachs & Co. LLC
|
| |
BofA Securities
|
| |
J.P. Morgan
|
| |
Morgan Stanley
|
|
| Barclays | | |
Mizuho Securities
|
| |
Truist Securities
|
|
|
Capital One Securities
|
| |
Raymond James
|
| |
SMBC Nikko
|
| | Berenberg | |
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| | ||
| | | |
|
| |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 15 | | | |
| | | | | 17 | | | |
| | | | | 26 | | | |
| | | | | 27 | | | |
| | | | | 33 | | | |
| | | | | 58 | | | |
| | | | | 59 | | | |
| EXPERTS | | | | | 59 | | |
| | |
As of June 21,
|
| |
As of June 30,
|
| ||||||||||||||||||||||||||||||
($ millions)
|
| |
2017
|
| |
2017
|
| |
2018
|
| |
2019
|
| |
2020
|
| |
2021
|
| ||||||||||||||||||
Net investment in sales-type leases
|
| | | | — | | | | | | — | | | | | | — | | | | | $ | 160 | | | | | $ | 1,045 | | | | | $ | 1,432 | | |
Ground Lease receivables
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 477 | | | | | $ | 680 | | |
Pro-rata interest in Ground Leases held as equity method investments
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 343 | | | | | $ | 438 | | |
Real estate, net (Operating Leases)
|
| | | $ | 265 | | | | | $ | 406 | | | | | $ | 477 | | | | | $ | 663 | | | | | $ | 688 | | | | | $ | 727 | | |
Accumulated depreciation
|
| | | | 1 | | | | | | 1 | | | | | | 7 | | | | | | 13 | | | | | | 19 | | | | | | 25 | | |
Lease intangible assets, net
|
| | | | 123 | | | | | | 132 | | | | | | 198 | | | | | | 235 | | | | | | 241 | | | | | | 240 | | |
Accumulated amortization
|
| | | | 1 | | | | | | 1 | | | | | | 6 | | | | | | 12 | | | | | | 19 | | | | | | 26 | | |
Other assets
|
| | | | — | | | | | | — | | | | | | — | | | | | | 25 | | | | | | 24 | | | | | | 23 | | |
Lease intangible liabilities, net
|
| | | | (51) | | | | | | (58) | | | | | | (58) | | | | | | (58) | | | | | | (57) | | | | | | (66) | | |
Non-controlling interest
|
| | | | — | | | | | | — | | | | | | (2) | | | | | | (2) | | | | | | (2) | | | | | | (2) | | |
Gross book value
|
| | | $ | 339 | | | | | $ | 481 | | | | | $ | 629 | | | | | $ | 1,050 | | | | | $ | 2,798 | | | | | $ | 3,524 | | |
Forward commitments and future acquisition commitment
|
| | | | — | | | | | | — | | | | | | 34 | | | | | | 83 | | | | | | 72 | | | | | | 105 | | |
Aggregate gross book value
|
| | | $ | 339 | | | | | $ | 481 | | | | | $ | 663 | | | | | $ | 1,133 | | | | | $ | 2,870 | | | | | $ | 3,629 | | |
Underwriter
|
| |
Number of
Shares |
| |||
Goldman Sachs & Co. LLC
|
| | |
|
396,004
|
| |
BofA Securities, Inc.
|
| | | | 308,000 | | |
J.P. Morgan Securities LLC
|
| | | | 308,000 | | |
Morgan Stanley & Co. LLC
|
| | | | 308,000 | | |
Barclays Capital Inc.
|
| | | | 172,332 | | |
Mizuho Securities USA LLC
|
| | | | 172,332 | | |
Truist Securities, Inc.
|
| | | | 172,332 | | |
Capital One Securities, Inc.
|
| | | | 110,000 | | |
Raymond James & Associates, Inc.
|
| | | | 110,000 | | |
SMBC Nikko Securities America, Inc.
|
| | | | 110,000 | | |
Berenberg Capital Markets LLC
|
| | | | 33,000 | | |
Total
|
| | | | 2,200,000 | | |
| | |
Per
Share |
| |
Without
Option |
| |
With
Option |
| |||||||||
Public offering price
|
| | | $ | 76.00 | | | | | $ | 167,200,000 | | | | | $ | 192,280,000 | | |
Underwriting discounts and commissions
|
| | | $ | 3.04 | | | | | $ | 6,688,000 | | | | | $ | 7,691,200 | | |
Proceeds, before expenses, to us
|
| | | $ | 72.96 | | | | | $ | 160,512,000 | | | | | $ | 184,588,800 | | |