|
CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Real estate, at cost: |
|
|
| Land |
$ 3,081,468 |
$ 3,046,372 |
| Buildings and improvements |
8,221,599 |
8,107,199 |
| Total real estate, at cost |
11,303,067 |
11,153,571 |
| Less accumulated depreciation and amortization |
(1,459,320) |
(1,386,871) |
| Net real estate held for investment |
9,843,747 |
9,766,700 |
| Real estate held for sale, net |
9,394 |
14,840 |
| Net real estate |
9,853,141 |
9,781,540 |
| Cash and cash equivalents |
12,190 |
3,852 |
| Accounts receivable, net |
66,831 |
64,386 |
| Acquired lease intangible assets, net |
1,056,845 |
1,039,724 |
| Goodwill |
15,425 |
15,470 |
| Other assets, net |
87,721 |
107,650 |
| Total assets |
11,092,153 |
11,012,622 |
| LIABILITIES AND EQUITY |
|
|
| Distributions payable |
45,466 |
43,675 |
| Accounts payable and accrued expenses |
77,594 |
123,287 |
| Acquired lease intangible liabilities, net |
228,191 |
220,469 |
| Other liabilities |
41,404 |
53,145 |
| Line of credit payable |
370,000 |
223,000 |
| Term loan |
70,000 |
70,000 |
| Mortgages payable, net |
799,318 |
852,575 |
| Notes payable, net |
3,785,718 |
3,785,372 |
| Total liabilities |
5,417,691 |
5,371,523 |
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Preferred stock and paid in capital, par value $0.01 per share, 69,900,000 shares authorized, 16,350,000 shares issued and outstanding as of March 31, 2015 and December 31, 2014 |
395,378 |
395,378 |
| Common stock and paid in capital, par value $0.01 per share,370,100,000 shares authorized, 227,031,104 shares issued and outstanding as of March 31, 2015 and 224,881,192 shares issued and outstanding at December 31, 2014 |
6,569,610 |
6,464,987 |
| Distributions in excess of net income |
(1,314,952) |
(1,246,964) |
| Total stockholders' equity |
5,650,036 |
5,613,401 |
| Noncontrolling interests |
24,426 |
27,698 |
| Total equity |
5,674,462 |
5,641,099 |
| Total liabilities and equity |
$ 11,092,153 |
$ 11,012,622 |