|
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2013
|
| Revenues: |
|
|
|
|
| Rentals |
$ 143,142 |
$ 70,050 |
$ 280,621 |
$ 139,826 |
| Interest income on loans receivable |
1,821 |
1,128 |
3,658 |
2,241 |
| Earned income from direct financing leases |
838 |
0 |
1,684 |
0 |
| Tenant reimbursement income |
2,921 |
0 |
6,240 |
0 |
| Interest income and other |
3,067 |
1,236 |
3,558 |
1,315 |
| Total revenues |
151,789 |
72,414 |
295,761 |
143,382 |
| Expenses: |
|
|
|
|
| General and administrative |
10,451 |
9,151 |
21,501 |
16,119 |
| Finance restructuring costs |
13,016 |
0 |
13,033 |
0 |
| Merger costs |
0 |
5,020 |
0 |
11,557 |
| Property costs |
6,576 |
327 |
11,858 |
1,267 |
| Real estate acquisition costs |
226 |
129 |
1,507 |
218 |
| Interest |
55,992 |
39,552 |
110,391 |
75,991 |
| Depreciation and amortization |
61,968 |
29,700 |
122,517 |
56,639 |
| Impairments (recoveries) |
27,627 |
(185) |
29,334 |
(185) |
| Total expenses |
175,856 |
83,694 |
310,141 |
161,606 |
| Loss from continuing operations before other expense and income tax expense |
(24,067) |
(11,280) |
(14,380) |
(18,224) |
| Other expense: |
|
|
|
|
| Loss on debt extinguishment |
(64,708) |
0 |
(64,708) |
0 |
| Total other expense |
(64,708) |
0 |
(64,708) |
0 |
| Loss from continuing operations before income tax expense |
(88,775) |
(11,280) |
(79,088) |
(18,224) |
| Income tax expense |
127 |
68 |
344 |
142 |
| Loss from continuing operations |
(88,902) |
(11,348) |
(79,432) |
(18,366) |
| Discontinued operations: |
|
|
|
|
| Income (loss) from discontinued operations |
279 |
(130) |
3,333 |
(1,624) |
| Gain (loss) on dispositions of assets |
92 |
(191) |
85 |
(11) |
| Income (loss) from discontinued operations |
371 |
(321) |
3,418 |
(1,635) |
| Loss before dispositions of assets |
(88,531) |
(11,669) |
(76,014) |
(20,001) |
| (Loss) gain on dispositions of assets |
(1,290) |
0 |
432 |
0 |
| Net loss |
$ (89,821) |
$ (11,669) |
$ (75,582) |
$ (20,001) |
| Net (loss) income per share of common stock—basic and diluted: |
|
|
|
|
| Continuing operations (in USD per share) |
$ (0.24) |
$ (0.08) |
$ (0.21) |
$ (0.12) |
| Discontinued operations (in USD per share) |
$ 0.00 |
$ 0.00 |
$ 0.01 |
$ (0.01) |
| Net loss (in USD per share) |
$ (0.24) |
$ (0.08) |
$ (0.20) |
$ (0.13) |
| Weighted average common shares outstanding: |
|
|
|
|
| Basic and Diluted (in shares) |
381,775,203 |
159,430,126 |
375,266,233 |
159,425,775 |
| Dividends declared per common share issued (in USD per share) |
$ 0.16625 |
$ 0.1641 |
$ 0.3325 |
$ 0.3282 |