Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
| Real estate investments: |
|
|
| Land and improvements |
$ 2,571,942
|
$ 2,588,930
|
| Buildings and improvements |
4,685,541
|
4,692,377
|
| Total real estate investments |
7,257,483
|
7,281,307
|
| Less: accumulated depreciation |
(1,113,804)
|
(1,075,643)
|
| Real estate investments, net |
6,143,679
|
6,205,664
|
| Loans receivable, net |
111,062
|
79,967
|
| Intangible lease assets, net |
396,596
|
409,903
|
| Real estate assets under direct financing leases, net |
24,847
|
24,865
|
| Real estate assets held for sale, net |
19,432
|
48,929
|
| Net investments |
6,695,616
|
6,769,328
|
| Cash and cash equivalents |
10,989
|
8,798
|
| Deferred costs and other assets, net |
241,875
|
231,045
|
| Goodwill |
254,340
|
254,340
|
| Total assets |
7,202,820
|
7,263,511
|
| Liabilities: |
|
|
| Revolving Credit Facility |
154,500
|
112,000
|
| Term Loan, net |
0
|
0
|
| Senior Unsecured Notes, net |
295,431
|
295,321
|
| Mortgages and notes payable, net |
2,571,794
|
2,516,478
|
| Convertible Notes, net |
719,295
|
715,881
|
| Total debt, net |
3,741,020
|
3,639,680
|
| Intangible lease liabilities, net |
151,179
|
155,303
|
| Accounts payable, accrued expenses and other liabilities |
141,898
|
148,919
|
| Total liabilities |
4,034,097
|
3,943,902
|
| Commitments and contingencies (see Note 6) |
|
|
| Stockholders’ equity: |
|
|
| Preferred stock and paid in capital, $0.01 par value, 20,000,000 shares authorized: 6,900,000 shares issued and outstanding at both March 31, 2018 and December 31, 2017 |
166,193
|
166,193
|
| Common stock, $0.01 par value, 750,000,000 shares authorized: 436,561,654 and 448,868,269 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively |
4,366
|
4,489
|
| Capital in excess of par value |
5,197,988
|
5,193,631
|
| Accumulated deficit |
(2,199,824)
|
(2,044,704)
|
| Total stockholders’ equity |
3,168,723
|
3,319,609
|
| Partnership units |
|
|
| Total liabilities and stockholders’ equity/partners' capital |
7,202,820
|
7,263,511
|
| Spirit Realty, L.P. |
|
|
| Real estate investments: |
|
|
| Land and improvements |
2,571,942
|
2,588,930
|
| Buildings and improvements |
4,685,541
|
4,692,377
|
| Total real estate investments |
7,257,483
|
7,281,307
|
| Less: accumulated depreciation |
(1,113,804)
|
(1,075,643)
|
| Real estate investments, net |
6,143,679
|
6,205,664
|
| Loans receivable, net |
111,062
|
79,967
|
| Intangible lease assets, net |
396,596
|
409,903
|
| Real estate assets under direct financing leases, net |
24,847
|
24,865
|
| Real estate assets held for sale, net |
19,432
|
48,929
|
| Net investments |
6,695,616
|
6,769,328
|
| Cash and cash equivalents |
10,989
|
8,798
|
| Deferred costs and other assets, net |
241,875
|
231,045
|
| Goodwill |
254,340
|
254,340
|
| Total assets |
7,202,820
|
7,263,511
|
| Liabilities: |
|
|
| Revolving Credit Facility |
154,500
|
112,000
|
| Term Loan, net |
0
|
0
|
| Senior Unsecured Notes, net |
295,431
|
295,321
|
| Mortgages and notes payable, net |
2,571,794
|
2,516,478
|
| Notes payable to Spirit Realty Capital, Inc., net |
719,295
|
715,881
|
| Total debt, net |
3,741,020
|
3,639,680
|
| Intangible lease liabilities, net |
151,179
|
155,303
|
| Accounts payable, accrued expenses and other liabilities |
141,898
|
148,919
|
| Total liabilities |
4,034,097
|
3,943,902
|
| Commitments and contingencies (see Note 6) |
|
|
| Partnership units |
|
|
| General partner's capital: 3,988,218 units issued and outstanding as of both March 31, 2018 and December 31, 2017 |
23,954
|
24,426
|
| Limited partners' preferred capital: 6,900,000 issued and outstanding as of March 31, 2018 and December 31, 2017 |
166,193
|
166,193
|
| Limited partners' capital: 432,573,436 and 444,880,051 units issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
2,978,576
|
3,128,990
|
| Total partners' capital |
3,168,723
|
3,319,609
|
| Total liabilities and stockholders’ equity/partners' capital |
$ 7,202,820
|
$ 7,263,511
|