|
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Real estate investments: |
|
|
| Land and improvements |
$ 2,614,630 |
$ 2,330,510 |
| Buildings and improvements |
4,579,166 |
4,188,783 |
| Total real estate investments |
7,193,796 |
6,519,293 |
| Less: accumulated depreciation |
(752,210) |
(590,067) |
| Real Estate Investment Property, Net |
6,441,586 |
5,929,226 |
| Loans receivable, net |
109,425 |
117,721 |
| Intangible lease assets, net |
590,073 |
618,121 |
| Real estate assets under direct financing leases, net |
56,564 |
58,760 |
| Real estate assets held for sale, net |
119,912 |
19,611 |
| Net investments |
7,317,560 |
6,743,439 |
| Cash and cash equivalents |
176,181 |
66,588 |
| Deferred costs and other assets, net |
231,839 |
129,597 |
| Goodwill |
291,421 |
291,421 |
| Total assets |
8,017,001 |
7,231,045 |
| Liabilities: |
|
|
| Revolving credit facilities |
15,181 |
35,120 |
| Mortgages and notes payable, net |
3,658,496 |
3,743,098 |
| Convertible Notes, net |
695,957 |
0 |
| Intangible lease liabilities, net |
205,968 |
220,114 |
| Accounts payable, accrued expenses and other liabilities |
123,298 |
114,679 |
| Total liabilities |
4,698,900 |
4,113,011 |
| Commitments and contingencies (see Note 10) |
|
|
| Stockholders’ equity: |
|
|
| Common stock, $0.01 par value; 411,824,039 issued shares and 411,350,440 outstanding shares at December 31, 2014 and 370,570,565 issued shares and 370,363,803 outstanding shares at December 31, 2013 |
4,118 |
3,706 |
| Capital in excess of par value |
4,361,320 |
3,859,823 |
| Accumulated deficit |
(1,041,392) |
(742,915) |
| Accumulated other comprehensive loss |
(1,083) |
(638) |
| Treasury stock, at cost |
(4,862) |
(1,942) |
| Total stockholders’ equity |
3,318,101 |
3,118,034 |
| Total liabilities and stockholders’ equity |
$ 8,017,001 |
$ 7,231,045 |