|
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Sep. 30, 2013
|
Dec. 31, 2012
|
| Real estate investments: |
|
|
| Land and improvements |
$ 2,264,359 |
$ 1,328,437 |
| Buildings and improvements |
4,033,928 |
2,036,987 |
| Real estate assets under direct financing leases, net |
58,843 |
0 |
| Total real estate investments |
6,357,130 |
3,365,424 |
| Less: accumulated depreciation |
(547,065) |
(490,938) |
| Real Estate Investment Property, Net |
5,810,065 |
2,874,486 |
| Loans receivable, net |
119,009 |
51,862 |
| Intangible lease assets, net |
614,436 |
187,362 |
| Real estate assets held for sale, net |
86,691 |
5,898 |
| Net investments |
6,630,201 |
3,119,608 |
| Cash and cash equivalents |
42,375 |
73,568 |
| Deferred costs and other assets, net |
97,820 |
54,501 |
| Goodwill |
290,055 |
0 |
| Goodwill |
7,060,451 |
3,247,677 |
| Liabilities: |
|
|
| Revolving credit facilities, net |
151,508 |
0 |
| Mortgages and notes payable, net |
3,454,935 |
1,894,878 |
| Intangible lease liabilities, net |
213,918 |
45,603 |
| Accounts payable, accrued expenses and other liabilities |
105,505 |
53,753 |
| Total liabilities |
3,925,866 |
1,994,234 |
| Commitments and contingencies (see Note 9) |
|
|
| Stockholders’ equity: |
|
|
| Common stock, $0.01 par value; 370,561,041 issued shares; 370,354,279 outstanding shares at September 30, 2013 and 161,625,144 shares issued and outstanding at December 31, 2012 |
3,706 |
1,616 |
| Capital in excess of par value |
3,857,955 |
1,827,632 |
| Accumulated deficit |
(724,843) |
(575,034) |
| Accumulated other comprehensive loss |
(291) |
(771) |
| Treasury stock, at cost (206,762 shares) |
(1,942) |
0 |
| Total stockholders’ equity |
3,134,585 |
1,253,443 |
| Total liabilities and stockholders’ equity |
$ 7,060,451 |
$ 3,247,677 |