Consolidated Statements of Operations - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
| Revenues: |
|
|
|
|
| Rentals |
$ 159,607
|
$ 143,142
|
$ 314,125
|
$ 280,621
|
| Interest income on loans receivable |
1,730
|
1,821
|
3,452
|
3,658
|
| Earned income from direct financing leases |
779
|
838
|
1,574
|
1,684
|
| Tenant reimbursement income |
3,492
|
2,921
|
8,123
|
6,240
|
| Other income and interest from real estate transactions |
2,326
|
3,067
|
2,947
|
3,558
|
| Total revenues |
167,934
|
151,789
|
330,221
|
295,761
|
| Expenses: |
|
|
|
|
| General and administrative |
11,972
|
10,451
|
24,572
|
21,501
|
| Finance restructuring costs |
0
|
13,016
|
0
|
13,033
|
| Property costs |
6,414
|
6,576
|
13,821
|
11,858
|
| Real estate acquisition costs |
453
|
226
|
1,546
|
1,507
|
| Interest |
56,167
|
55,992
|
114,081
|
110,391
|
| Depreciation and amortization |
64,671
|
61,968
|
130,967
|
122,517
|
| Impairments |
33,766
|
27,627
|
35,390
|
29,334
|
| Total expenses |
173,443
|
175,856
|
320,377
|
310,141
|
| (Loss) income from continuing operations before other income (expense) and income tax expense |
(5,509)
|
(24,067)
|
9,844
|
(14,380)
|
| Other income (expense): |
|
|
|
|
| Gain (loss) on debt extinguishment |
3,377
|
(64,708)
|
2,147
|
(64,708)
|
| Total other income (expense) |
3,377
|
(64,708)
|
2,147
|
(64,708)
|
| (Loss) income from continuing operations before income tax expense |
(2,132)
|
(88,775)
|
11,991
|
(79,088)
|
| Income tax expense |
(161)
|
(127)
|
(523)
|
(344)
|
| (Loss) income from continuing operations |
(2,293)
|
(88,902)
|
11,468
|
(79,432)
|
| Discontinued operations: |
|
|
|
|
| (Loss) income from discontinued operations |
(96)
|
279
|
131
|
3,333
|
| Gain on disposition of assets |
590
|
92
|
590
|
85
|
| Income from discontinued operations |
494
|
371
|
721
|
3,418
|
| (Loss) income before gain (loss) on disposition of assets |
(1,799)
|
(88,531)
|
12,189
|
(76,014)
|
| Gain (loss) on disposition of assets |
62,690
|
(1,290)
|
74,026
|
432
|
| Net income (loss) attributable to common stockholders |
$ 60,891
|
$ (89,821)
|
$ 86,215
|
$ (75,582)
|
| Net income (loss) per share of common stock—basic: |
|
|
|
|
| Continuing operations (in USD per share) |
$ 0.14
|
$ (0.24)
|
$ 0.20
|
$ (0.21)
|
| Discontinued operations (in USD per share) |
0.00
|
0.00
|
0.00
|
0.01
|
| Net income (loss) per share attributable to common stockholders—basic (in USD per share) |
0.14
|
(0.24)
|
0.20
|
(0.20)
|
| Net income (loss) per share of common stock—diluted: |
|
|
|
|
| Continuing operations (in USD per share) |
0.14
|
(0.24)
|
0.20
|
(0.21)
|
| Discontinued operations (in USD per share) |
0.00
|
0.00
|
0.00
|
0.01
|
| Net income (loss) per share attributable to common stockholders—diluted (in USD per share) |
$ 0.14
|
$ (0.24)
|
$ 0.20
|
$ (0.20)
|
| Weighted average shares of common stock outstanding: |
|
|
|
|
| Basic (in shares) |
436,619,138
|
381,775,203
|
423,889,238
|
375,266,233
|
| Diluted (in shares) |
436,923,755
|
381,775,203
|
424,343,232
|
375,266,233
|
| Dividends declared per common share issued (in USD per share) |
$ 0.17
|
$ 0.16625
|
$ 0.34
|
$ 0.3325
|