|
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
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| Revenues: | ||||||||||
| Rentals | $ 145,591 | $ 131,526 | $ 426,212 | $ 271,352 | ||||||
| Interest income on loans receivable | 1,805 | 1,796 | 5,463 | 4,037 | ||||||
| Earned income from direct financing leases | 837 | 708 | 2,521 | 708 | ||||||
| Tenant reimbursement income | 3,308 | 2,316 | 9,548 | 2,316 | ||||||
| Interest income and other | 754 | 501 | 4,312 | 1,816 | ||||||
| Total revenues | 152,295 | 136,847 | 448,056 | 280,229 | ||||||
| Expenses: | ||||||||||
| General and administrative | 11,995 | 9,946 | 33,496 | 26,064 | ||||||
| Finance restructuring costs | (11) | 0 | 13,022 | 0 | ||||||
| Merger costs | 0 | 45,071 | 0 | 56,629 | ||||||
| Property costs | 5,357 | 5,067 | 17,215 | 6,334 | ||||||
| Real estate acquisition costs | 865 | 470 | 2,372 | 688 | ||||||
| Interest | 53,535 | 50,386 | 163,926 | 126,376 | ||||||
| Depreciation and amortization | 62,069 | 48,243 | 184,586 | 104,882 | ||||||
| Impairments (recoveries) | 12,727 | 0 | 42,061 | (185) | ||||||
| Total expenses | 146,537 | 159,183 | 456,678 | 320,788 | ||||||
| Income (loss) from continuing operations before other income (expense) and income tax expense | 5,758 | (22,336) | (8,622) | (40,559) | ||||||
| Other income (expense): | ||||||||||
| Gain (loss) on debt extinguishment | 212 | 0 | (64,496) | 0 | ||||||
| Total other income (expense) | 212 | 0 | (64,496) | 0 | ||||||
| Income (loss) from continuing operations before income tax expense | 5,970 | (22,336) | (73,118) | (40,559) | ||||||
| Income tax expense | 242 | 803 | 586 | 946 | ||||||
| Income (loss) from continuing operations | 5,728 | (23,139) | (73,704) | (41,505) | ||||||
| Discontinued operations: | ||||||||||
| Income (loss) from discontinued operations | 288 | (6) | 3,621 | (1,630) | ||||||
| Gain on dispositions of assets | 403 | 1,237 | 488 | 1,226 | ||||||
| Income (loss) from discontinued operations | 691 | 1,231 | 4,109 | (404) | ||||||
| Income (loss) before dispositions of assets | 6,419 | (21,908) | (69,595) | (41,909) | ||||||
| Gain on dispositions of assets | 1,251 | 0 | 1,683 | 0 | ||||||
| Net income (loss) | $ 7,670 | $ (21,908) | $ (67,912) | $ (41,909) | ||||||
| Net income (loss) per share of common stock—basic and diluted: | ||||||||||
| Continuing operations (in USD per share) | $ 0.02 | $ (0.07) | $ (0.19) | $ (0.19) | ||||||
| Discontinued operations (in USD per share) | $ 0.00 | $ 0.00 | $ 0.01 | $ 0.00 | ||||||
| Net income (loss) per share (in USD per share) | $ 0.02 | $ (0.07) | $ (0.18) | $ (0.19) | ||||||
| Weighted average common shares outstanding: | ||||||||||
| Basic (in shares) | 396,807,656 | 329,527,874 | 382,525,614 | 216,749,378 | ||||||
| Diluted (in shares) | 397,613,583 | [1] | 329,527,874 | [1] | 382,525,614 | [1] | 216,749,378 | [1] | ||
| Dividends declared per common share issued (in USD per share) | $ 0.16625 | $ 0.1641 | $ 0.49875 | $ 0.4922 | ||||||
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