Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate investments:    
Land and improvements $ 1,995,780 $ 1,910,287
Buildings and improvements 4,022,944 3,840,220
Total real estate investments 6,018,724 5,750,507
Less: accumulated depreciation (810,215) (717,097)
Net real estate held for investment 5,208,509 5,033,410
Loans receivable, net   34,465
Intangible lease assets, net 349,347 385,079
Real estate assets under direct financing leases, net 7,444 14,465
Real estate assets held for sale, net 33,885 1,144
Net investments 5,599,185 5,468,563
Cash and cash equivalents 116,814 14,492
Deferred costs and other assets, net 149,820 124,006
Goodwill 225,600 225,600
Total assets 6,091,419 5,832,661
Liabilities:    
Revolving credit facilities   116,500
Term loans, net 177,170  
Senior Unsecured Notes, net 1,926,752 1,484,066
Mortgages and notes payable, net 213,479 216,049
Convertible Notes, net 188,216 336,402
Total debt, net 2,505,617 2,153,017
Intangible lease liabilities, net 121,066 127,335
Accounts payable, accrued expenses and other liabilities 132,555 139,060
Total liabilities 2,759,238 2,419,412
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 September 30, 2020 and December 31, 2019 166,177 166,177
Common stock, $0.05 par value, 175,000,000 shares authorized: 105,884,703 and 102,476,152 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 5,294 5,124
Capital in excess of common stock par value 5,813,128 5,686,247
Accumulated deficit (2,643,063) (2,432,838)
Accumulated other comprehensive loss (9,355) (11,461)
Total stockholders’ equity 3,332,181 3,413,249
Partnership units    
Total liabilities and stockholders’ equity/partners' capital 6,091,419 5,832,661
Spirit Realty, L.P.    
Real estate investments:    
Land and improvements 1,995,780 1,910,287
Buildings and improvements 4,022,944 3,840,220
Total real estate investments 6,018,724 5,750,507
Less: accumulated depreciation (810,215) (717,097)
Net real estate held for investment 5,208,509 5,033,410
Loans receivable, net   34,465
Intangible lease assets, net 349,347 385,079
Real estate assets under direct financing leases, net 7,444 14,465
Real estate assets held for sale, net 33,885 1,144
Net investments 5,599,185 5,468,563
Cash and cash equivalents 116,814 14,492
Deferred costs and other assets, net 149,820 124,006
Goodwill 225,600 225,600
Total assets 6,091,419 5,832,661
Liabilities:    
Revolving credit facilities   116,500
Term loans, net 177,170  
Senior Unsecured Notes, net 1,926,752 1,484,066
Notes payable to Spirit Realty Capital, Inc., net 188,216 336,402
Mortgages and notes payable, net 213,479 216,049
Total debt, net 2,505,617 2,153,017
Intangible lease liabilities, net 121,066 127,335
Accounts payable, accrued expenses and other liabilities 132,555 139,060
Total liabilities 2,759,238 2,419,412
Commitments and contingencies (see Note 6)
Partnership units    
General partner's capital: 797,644 units issued and outstanding as of both September 30, 2020 and December 31, 2019 20,818 22,389
Limited partners' preferred capital: 6,900,000 units issued and outstanding as of both September 30, 2020 and December 31, 2019 166,177 166,177
Limited partners' common capital: 105,087,059 and 101,678,508 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 3,145,186 3,224,683
Total partners' capital 3,332,181 3,413,249
Total liabilities and stockholders’ equity/partners' capital $ 6,091,419 $ 5,832,661