Consolidated Balance Sheets - USD ($)
$ in Thousands |
Sep. 30, 2017 |
Dec. 31, 2016 |
| Real estate investments: |
|
|
| Land and improvements |
$ 2,600,873
|
$ 2,704,010
|
| Buildings and improvements |
4,702,828
|
4,775,221
|
| Total real estate investments |
7,303,701
|
7,479,231
|
| Less: accumulated depreciation |
(1,018,544)
|
(940,005)
|
| Real estate investments, net |
6,285,157
|
6,539,226
|
| Loans receivable, net |
76,821
|
66,578
|
| Intangible lease assets, net |
429,857
|
470,276
|
| Real estate assets under direct financing leases, net |
24,883
|
36,005
|
| Real estate assets held for sale, net |
133,382
|
160,570
|
| Net investments |
6,950,100
|
7,272,655
|
| Cash and cash equivalents |
11,947
|
10,059
|
| Deferred costs and other assets, net |
218,400
|
140,917
|
| Goodwill |
254,340
|
254,340
|
| Total assets |
7,434,787
|
7,677,971
|
| Liabilities: |
|
|
| Revolving Credit Facility |
386,000
|
86,000
|
| Term Loan, net |
419,091
|
418,471
|
| Senior Unsecured Notes, net |
295,242
|
295,112
|
| Mortgages and notes payable, net |
2,050,302
|
2,162,403
|
| Convertible Notes, net |
712,510
|
702,642
|
| Total debt, net |
3,863,145
|
3,664,628
|
| Intangible lease liabilities, net |
162,619
|
182,320
|
| Accounts payable, accrued expenses and other liabilities |
149,858
|
148,915
|
| Total liabilities |
4,175,622
|
3,995,863
|
| Commitments and contingencies (see Note 7) |
|
|
| Stockholders’ equity: |
|
|
| Common stock, $0.01 par value, 750,000,000 shares authorized: 455,900,032 and 483,624,120 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively |
4,559
|
4,836
|
| Capital in excess of par value |
5,190,849
|
5,177,086
|
| Accumulated deficit |
(1,936,243)
|
(1,499,814)
|
| Accumulated other comprehensive income |
0
|
0
|
| Total stockholders’ equity |
3,259,165
|
3,682,108
|
| Partnership units |
|
|
| Total liabilities and stockholders’ equity/partners' capital |
7,434,787
|
7,677,971
|
| Spirit Realty, L.P. |
|
|
| Real estate investments: |
|
|
| Land and improvements |
2,600,873
|
2,704,010
|
| Buildings and improvements |
4,702,828
|
4,775,221
|
| Total real estate investments |
7,303,701
|
7,479,231
|
| Less: accumulated depreciation |
(1,018,544)
|
(940,005)
|
| Real estate investments, net |
6,285,157
|
6,539,226
|
| Loans receivable, net |
76,821
|
66,578
|
| Intangible lease assets, net |
429,857
|
470,276
|
| Real estate assets under direct financing leases, net |
24,883
|
36,005
|
| Real estate assets held for sale, net |
133,382
|
160,570
|
| Net investments |
6,950,100
|
7,272,655
|
| Cash and cash equivalents |
11,947
|
10,059
|
| Deferred costs and other assets, net |
218,400
|
140,917
|
| Goodwill |
254,340
|
254,340
|
| Total assets |
7,434,787
|
7,677,971
|
| Liabilities: |
|
|
| Revolving Credit Facility |
386,000
|
86,000
|
| Term Loan, net |
419,091
|
418,471
|
| Senior Unsecured Notes, net |
295,242
|
295,112
|
| Mortgages and notes payable, net |
2,050,302
|
2,162,403
|
| Notes payable to Spirit Realty Capital, Inc., net |
712,510
|
702,642
|
| Total debt, net |
3,863,145
|
3,664,628
|
| Intangible lease liabilities, net |
162,619
|
182,320
|
| Accounts payable, accrued expenses and other liabilities |
149,858
|
148,915
|
| Total liabilities |
4,175,622
|
3,995,863
|
| Commitments and contingencies (see Note 7) |
|
|
| Partnership units |
|
|
| General partner's capital: 3,988,218 units issued and outstanding as of both September 30, 2017 and December 31, 2016 |
24,835
|
26,586
|
| Limited partners' capital: 451,911,814 and 479,635,902 units issued and outstanding as of September 30, 2017 and December 31, 2016, respectively |
3,234,330
|
3,655,522
|
| Total partners' capital |
3,259,165
|
3,682,108
|
| Total liabilities and stockholders’ equity/partners' capital |
$ 7,434,787
|
$ 7,677,971
|