Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Real estate investments:    
Land and improvements $ 1,645,060 $ 1,632,664
Buildings and improvements 3,159,235 3,125,053
Total real estate investments 4,804,295 4,757,717
Less: accumulated depreciation (636,780) (621,456)
Net real estate held for investment 4,167,515 4,136,261
Loans receivable, net 43,015 47,044
Intangible lease assets, net 291,095 294,463
Real estate assets under direct financing leases, net 20,320  
Real estate assets under direct financing leases, net   20,289
Real estate assets held for sale, net 94,339 18,203
Net investments 4,616,284 4,516,260
Cash and cash equivalents 9,376 14,493
Deferred costs and other assets, net 124,085 156,428
Investment in Master Trust 2014 33,512 33,535
Preferred equity investment in SMTA 150,000 150,000
Goodwill 225,600 225,600
Total assets 5,158,857 5,096,316
Liabilities:    
Revolving credit facilities 206,500 146,300
Term loans, net 413,905 419,560
Senior Unsecured Notes, net 295,882 295,767
Mortgages and notes payable, net 450,534 463,196
Convertible Notes, net 733,412 729,814
Total debt, net 2,100,233 2,054,637
Intangible lease liabilities, net 114,805 120,162
Accounts payable, accrued expenses and other liabilities 125,183 119,768
Total liabilities 2,340,221 2,294,567
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, 2019 and December 31, 2018 166,177 166,177
Common stock, $0.05 par value, 750,000,000 shares authorized: 86,811,786 and 85,787,355 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 4,341 4,289
Capital in excess of common stock par value 5,031,829 4,995,697
Accumulated deficit (2,371,531) (2,357,255)
Accumulated other comprehensive loss (12,180) (7,159)
Total stockholders’ equity 2,818,636 2,801,749
Partnership units    
Total liabilities and stockholders’ equity/partners' capital 5,158,857 5,096,316
Spirit Realty, L.P.    
Real estate investments:    
Land and improvements 1,645,060 1,632,664
Buildings and improvements 3,159,235 3,125,053
Total real estate investments 4,804,295 4,757,717
Less: accumulated depreciation (636,780) (621,456)
Net real estate held for investment 4,167,515 4,136,261
Loans receivable, net 43,015 47,044
Intangible lease assets, net 291,095 294,463
Real estate assets under direct financing leases, net 20,320  
Real estate assets under direct financing leases, net   20,289
Real estate assets held for sale, net 94,339 18,203
Net investments 4,616,284 4,516,260
Cash and cash equivalents 9,376 14,493
Deferred costs and other assets, net 124,085 156,428
Investment in Master Trust 2014 33,512 33,535
Preferred equity investment in SMTA 150,000 150,000
Goodwill 225,600 225,600
Total assets 5,158,857 5,096,316
Liabilities:    
Revolving credit facilities 206,500 146,300
Term loans, net 413,905 419,560
Senior Unsecured Notes, net 295,882 295,767
Notes payable to Spirit Realty Capital, Inc., net 450,534 463,196
Convertible Notes, net 733,412 729,814
Total debt, net 2,100,233 2,054,637
Intangible lease liabilities, net 114,805 120,162
Accounts payable, accrued expenses and other liabilities 125,183 119,768
Total liabilities 2,340,221 2,294,567
Commitments and contingencies (see Note 6)
Partnership units    
General partner's capital: 797,644 units issued and outstanding as of both March 31, 2019 and December 31, 2018 22,889 23,061
Limited partners' preferred capital: 6,900,000 units issued and outstanding as of both March 31, 2019 and December 31, 2018 166,177 166,177
Limited partners' capital: 86,014,142 and 84,989,711 units issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 2,629,570 2,612,511
Total partners' capital 2,818,636 2,801,749
Total liabilities and stockholders’ equity/partners' capital $ 5,158,857 $ 5,096,316