|
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Jun. 30, 2014
|
Dec. 31, 2013
|
| Real estate investments: |
|
|
| Land and improvements |
$ 2,453,528 |
$ 2,330,510 |
| Buildings and improvements |
4,356,795 |
4,188,783 |
| Total real estate investments |
6,810,323 |
6,519,293 |
| Less: accumulated depreciation |
(679,453) |
(590,067) |
| Real Estate Investment Property, Net |
6,130,870 |
5,929,226 |
| Loans receivable, net |
113,321 |
117,721 |
| Intangible lease assets, net |
599,107 |
618,121 |
| Real estate assets under direct financing leases, net |
56,729 |
58,760 |
| Real estate assets held for sale, net |
40,955 |
19,611 |
| Net investments |
6,940,982 |
6,743,439 |
| Cash and cash equivalents |
120,976 |
66,588 |
| Deferred costs and other assets, net |
147,528 |
129,597 |
| Goodwill |
291,421 |
291,421 |
| Total assets |
7,500,907 |
7,231,045 |
| Liabilities: |
|
|
| Revolving credit facilities, net |
15,528 |
35,120 |
| Mortgages and notes payable, net |
3,202,853 |
3,743,098 |
| Convertible senior notes, net |
691,711 |
0 |
| Intangible lease liabilities, net |
216,714 |
220,114 |
| Accounts payable, accrued expenses and other liabilities |
111,753 |
114,679 |
| Total liabilities |
4,238,559 |
4,113,011 |
| Commitments and contingencies (see Note 8) |
|
|
| Stockholders’ equity: |
|
|
| Common stock, $0.01 par value; 399,030,681 shares issued; 398,812,745 outstanding shares at June 30, 2014 and 370,570,565 shares issued; 370,363,803 outstanding shares at December 31, 2013 |
3,990 |
3,706 |
| Capital in excess of par value |
4,208,376 |
3,859,823 |
| Accumulated deficit |
(946,705) |
(742,915) |
| Accumulated other comprehensive loss |
(1,261) |
(638) |
| Treasury stock, at cost |
(2,052) |
(1,942) |
| Total stockholders’ equity |
3,262,348 |
3,118,034 |
| Total liabilities and stockholders’ equity |
$ 7,500,907 |
$ 7,231,045 |