| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Office | 297.1 | 340.3 | 268.9 | | | | | |
| Other | 58.0 | 60.3 | 59.5 | | | | | |
| Industrial | 61.3 | 59.3 | 69.0 | | | | | |
| Total revenues [+] | 416.5 | 459.9 | 397.5 | 387.1 | 336.4 | 346.5 | 62.8 | 25.1 |
| Tenant reimbursements | | | | | | | | 3.9 |
| Lease / rental | | | | | | | 51.4 | 21.2 |
| Revenue growth [+] | -9.4% | 15.7% | 2.7% | 15.1% | -2.9% | 451.6% | 149.8% | |
| Office | -12.7% | 26.5% | | | | | | |
| Other | -3.7% | 1.4% | | | | | | |
| Industrial | 3.4% | -14.1% | | | | | | |
| Cost of goods sold [+] | 91.1 | 105.0 | 97.6 | 95.1 | 97.8 | 98.6 | 13.1 | 6.0 |
| Related party costs | 1.3 | 2.5 | 2.5 | 2.7 | 3.6 | 2.7 | 1.6 | 1.9 |
| Real estate taxes and insurance | 37.3 | 41.2 | 37.6 | 37.0 | 44.7 | 45.0 | 7.0 | 2.7 |
| Real estate or leased property costs | 52.5 | 61.3 | 57.5 | 55.3 | 49.5 | 50.9 | 4.4 | 1.3 |
| Gross profit | 325.4 | 354.8 | 299.9 | 292.0 | 238.6 | 247.9 | 49.7 | 19.2 |
| Gross margin | 78.1% | 77.2% | 75.5% | 75.4% | 70.9% | 71.6% | 79.2% | 76.3% |
| Selling, general and administrative [+] | 39.9 | 40.5 | 38.6 | 26.1 | 7.0 | 7.3 | 2.8 | 1.9 |
| General and administrative | 39.9 | 40.5 | 38.6 | 26.1 | 7.0 | 7.3 | 2.8 | 1.9 |
| Equity in earnings | -10.0 | 0.0 | -6.5 | -5.3 | -2.3 | -2.1 | | |
| Other operating expenses | 138.8 | 4.1 | 3.7 | 3.5 | 33.1 | 33.3 | 14.8 | 16.9 |
| EBITDA [+] | 59.2 | 226.1 | 184.0 | 184.1 | 196.2 | 205.3 | 32.2 | 0.4 |
| EBITDA growth | -73.8% | 22.8% | 0.0% | -6.2% | -4.4% | 538.3% | 7781.9% | |
| EBITDA margin | 14.2% | 49.2% | 46.3% | 47.6% | 58.3% | 59.2% | 51.2% | 1.6% |
| Depreciation | 29.0 | 47.8 | 26.9 | 7.4 | 60.1 | 56.0 | 11.6 | 4.9 |
| EBITA | 30.2 | 178.3 | 157.1 | 176.7 | 136.1 | 149.3 | 20.5 | -4.5 |
| EBITA margin | 7.2% | 38.8% | 39.5% | 45.6% | 40.5% | 43.1% | 32.7% | -17.9% |
| Amortization of intangibles | 84.2 | 77.6 | 67.1 | 73.0 | 59.0 | 60.6 | 16.3 | 7.1 |
| EBIT [+] | -54.0 | 100.7 | 90.0 | 103.7 | 77.1 | 88.7 | 4.3 | -11.7 |
| EBIT growth | -153.7% | 11.8% | -13.2% | 34.6% | -13.1% | 1979.9% | -136.6% | |
| EBIT margin | -13.0% | 21.9% | 22.7% | 26.8% | 22.9% | 25.6% | 6.8% | -46.3% |
| Non-recurring items [+] | -7.7 | 4.2 | 23.5 | 30.7 | 1.3 | 8.5 | | |
| Asset impairment | -7.7 | 4.2 | 23.5 | 30.7 | | 8.5 | | |
| Interest expense, net [+] | 84.8 | 85.1 | 79.6 | 73.6 | 55.2 | 51.0 | 10.4 | 4.9 |
| Interest expense | 84.8 | 85.1 | 79.6 | 73.6 | 55.2 | 51.0 | 10.4 | 4.9 |
| Interest income | | | | | | | 0.0 | |
| Other income (expense), net [+] | -310.2 | 0.2 | 7.3 | 37.6 | 1.5 | 116.9 | | |
| Gain (loss) on sale of assets | -139.3 | -0.3 | 4.1 | 29.9 | 1.2 | 116.4 | | |
| Gain (loss) on foreign currency transactions | -22.4 | -1.0 | | | | | | |
| Other | 0.0 | -1.5 | -3.2 | -1.3 | -0.3 | -0.5 | | |
| Pre-tax income | -441.4 | 11.6 | -5.8 | 37.0 | 22.0 | 146.1 | -6.1 | -16.5 |
| Income taxes | -29.5 | 9.9 | 7.2 | 12.3 | 4.4 | 5.5 | 0.0 | 0.7 |
| Tax rate | 6.7% | 85.9% | | 33.1% | 20.1% | 3.7% | 0.0% | |
| Minority interest | 39.7 | -0.1 | 1.7 | -3.7 | -0.8 | -5.1 | 0.0 | |
| Net income | -481.1 | 11.6 | -7.5 | 40.8 | 22.8 | 151.3 | -6.1 | -16.5 |
| Net margin | -115.5% | 2.5% | -1.9% | 10.5% | 6.8% | 43.7% | -9.7% | -65.6% |
| |
| Basic EPS [+] | ($13.34) | $0.34 | ($0.29) | $0.18 | $0.13 | $0.86 | ($0.12) | ($1.14) |
| Growth | -4040.0% | -215.3% | -260.2% | 36.4% | -84.4% | -815.6% | -89.4% | |
| Diluted EPS [+] | ($13.34) | $0.34 | ($0.29) | $0.18 | $0.13 | $0.86 | ($0.12) | ($1.14) |
| Growth | -4040.0% | -215.3% | -260.2% | 36.4% | -84.4% | -815.6% | -89.4% | |
| |
| Dividends per share [+] | $3.16 | $2.41 | $2.82 | $0.40 | $0.42 | $0.41 | $0.23 | $0.18 |
| Growth | 31.1% | -14.4% | 597.0% | -4.2% | 4.4% | 78.0% | 25.2% | |
| |
| Shares outstanding (basic) [+] | 36.1 | 34.4 | 25.6 | 222.5 | 169.9 | 175.6 | 50.7 | 14.5 |
| Growth | 4.9% | 34.4% | -88.5% | 31.0% | -3.2% | 246.3% | 250.2% | |
| Shares outstanding (diluted) [+] | 36.1 | 34.4 | 25.6 | 222.5 | 169.9 | 175.6 | 50.7 | 14.5 |
| Growth | 4.9% | 34.4% | -88.5% | 31.0% | -3.2% | 246.3% | 250.2% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |