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Supplemental Detail for Certain Components of Consolidated Balance Sheets
3 Months Ended
Mar. 31, 2016
Supplemental Detail for Certain Components of Consolidated Balance Sheets  
Supplemental Detail for Certain Components of Consolidated Balance Sheets

 

3.Supplemental Detail for Certain Components of Consolidated Balance Sheets

 

A.    Acquired lease intangible assets, net, consist of the following

 

March 31,

 

December 31,

 

(dollars in thousands) at:

 

2016

 

2015

 

Acquired in-place leases

 

$

1,063,600

 

$

1,056,715

 

Accumulated amortization of acquired in-place leases

 

(287,011)

 

(264,399

)

Acquired above-market leases

 

309,384

 

304,548

 

Accumulated amortization of acquired above-market leases

 

(68,562)

 

(62,447

)

 

 

 

 

 

 

 

 

$

1,017,411

 

$

1,034,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

B.    Other assets, net, consist of the following (dollars in thousands) at:

 

2016

 

2015

 

 

 

 

 

 

 

Prepaid expenses

 

16,004

 

14,258

 

Credit facility origination costs, net

 

9,473

 

10,226

 

Restricted escrow deposits

 

8,247

 

4,179

 

Notes receivable issued in connection with property sales

 

5,477

 

17,905

 

Impounds related to mortgages payable

 

2,703

 

5,860

 

Corporate assets, net

 

2,192

 

2,313

 

Other items

 

361

 

44

 

 

 

 

 

 

 

 

 

$

44,457

 

$

54,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C.    Distributions payable consist of the following declared

 

March 31,

 

December 31,

 

distributions (dollars in thousands) at:

 

2016

 

2015

 

 

 

 

 

 

 

Common stock distributions

 

$

50,098

 

$

47,963

 

Preferred stock dividends

 

2,257

 

2,257

 

Noncontrolling interests distributions

 

128

 

124

 

 

 

 

 

 

 

 

 

$

52,483

 

$

50,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D.    Accounts payable and accrued expenses consist of the

 

March 31,

 

December 31,

 

following (dollars in thousands) at:

 

2016

 

2015

 

Notes payable - interest payable

 

$

30,872

 

$

61,486

 

Mortgages, term loans, credit line - interest payable and interest rate swaps

 

12,218

 

6,813

 

Property taxes payable

 

11,347

 

13,354

 

Accrued costs on properties under development

 

6,327

 

9,976

 

Other items

 

25,564

 

24,197

 

 

 

 

 

 

 

 

 

$

86,328

 

$

115,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E.    Acquired lease intangible liabilities, net, consist of the

 

March 31,

 

December 31,

 

following (dollars in thousands) at:

 

2016

 

2015

 

 

 

 

 

 

 

Acquired below-market leases

 

$

291,013

 

$

288,412

 

Accumulated amortization of acquired below-market leases

 

(41,559)

 

(37,496

)

 

 

 

 

 

 

 

 

$

249,454

 

$

250,916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F.    Other liabilities consist of the following

 

March 31,

 

December 31,

 

(dollars in thousands) at:

 

2016

 

2015

 

 

 

 

 

 

 

Rent received in advance

 

$

31,920

 

$

42,840

 

Security deposits

 

6,546

 

6,418

 

Capital lease obligations

 

4,784

 

4,707

 

 

 

 

 

 

 

 

 

$

43,250

 

$

53,965