STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 14—STOCKHOLDERS' EQUITY

Capital Stock

From time to time, we may sell up to an aggregate of $1.0 billion of our common stock under an “at-the-market” equity offering program (“ATM program”).  During the nine months ended September 30, 2019, we sold 2.7 million shares of common stock under our ATM program for gross proceeds of $66.75 per share.  As of September 30, 2019, $822.1 million of our common stock remained available for sale under our ATM program.

In June 2019, we sold 12.7 million shares of our common stock under a registered public offering for gross proceeds of $62.75 per share. We used the majority of the net proceeds to fund our LGM Acquisition. See “NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY” and “NOTE 6—LOANS RECEIVABLE AND INVESTMENTS” for additional information regarding the LGM Acquisition.

Accumulated Other Comprehensive Loss

The following is a summary of our accumulated other comprehensive loss:

	As of September 30, 2019			As of December 31, 2018
	(In thousands)
Foreign currency translation	$	(66,786	)	$	(55,016	)
Accumulated unrealized gain on available for sale securities	19,480			15,746
Derivative instruments	(12,551		)	19,688
Total accumulated other comprehensive loss	$	(59,857	)	$	(19,582	)