Consolidated Balance Sheets - USD ($)
$ in Thousands |
Jun. 30, 2015 |
Dec. 31, 2014 |
| Real estate investments: |
|
|
| Land and improvements |
$ 2,679,387
|
$ 2,614,630
|
| Buildings and improvements |
4,714,561
|
4,579,166
|
| Total real estate investments |
7,393,948
|
7,193,796
|
| Less: accumulated depreciation |
(785,360)
|
(752,210)
|
| Real estate investments, net |
6,608,588
|
6,441,586
|
| Loans receivable, net |
109,377
|
109,425
|
| Intangible lease assets, net |
557,214
|
590,073
|
| Real estate assets under direct financing leases, net |
44,382
|
56,564
|
| Real estate assets held for sale, net |
108,339
|
119,912
|
| Net investments |
7,427,900
|
7,317,560
|
| Cash and cash equivalents |
39,674
|
176,181
|
| Deferred costs and other assets, net |
170,244
|
185,507
|
| Goodwill |
291,421
|
291,421
|
| Total assets |
7,929,239
|
7,970,669
|
| Liabilities: |
|
|
| Revolving Credit Facilities |
20,000
|
15,114
|
| Mortgages and notes payable, net |
3,291,679
|
3,629,998
|
| Convertible Notes, net |
684,066
|
678,190
|
| Total debt, net |
3,995,745
|
4,323,302
|
| Intangible lease liabilities, net |
202,021
|
205,968
|
| Accounts payable, accrued expenses and other liabilities |
120,134
|
123,298
|
| Total liabilities |
$ 4,317,900
|
$ 4,652,568
|
| Commitments and contingencies (see Note 7) |
|
|
| Stockholders’ equity: |
|
|
| Common stock, $0.01 par value; 442,047,125 issued shares and 441,512,923 outstanding shares at June 30, 2015 and 411,824,039 issued shares and 411,350,440 outstanding shares at December 31, 2014 |
$ 4,420
|
$ 4,118
|
| Capital in excess of par value |
4,715,340
|
4,361,320
|
| Accumulated deficit |
(1,101,642)
|
(1,041,392)
|
| Accumulated other comprehensive loss |
(1,197)
|
(1,083)
|
| Treasury stock, at cost |
(5,582)
|
(4,862)
|
| Total stockholders’ equity |
3,611,339
|
3,318,101
|
| Total liabilities and stockholders’ equity |
$ 7,929,239
|
$ 7,970,669
|