XML 22 R8.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Supplemental Detail for Certain Components of Consolidated Balance Sheets | 3 Months Ended
--- | ---
Mar. 31, 2017
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: |  | 2017 |  | 2016 |
Acquired in-place leases |  | $ | 1,210,506 |  | $ | 1,164,075 |
Accumulated amortization of acquired in-place leases |  | (382,307 | ) | (358,040 | )
Acquired above-market leases |  | 375,724 |  | 365,005 |
Accumulated amortization of acquired above-market leases |  | (95,827 | ) | (88,720 | )
|  | $ | 1,108,096 |  | $ | 1,082,320 |
|  | March 31, |  | December 31, |
B. Other assets, net, consist of the following (dollars in thousands) at: |  | 2017 |  | 2016 |
Restricted escrow deposits |  | 25,327 |  | 4,246 |
Prepaid expenses |  | 16,910 |  | 14,406 |
Insurance proceeds receivable |  | 10,641 |  | 300 |
Credit facility origination costs, net |  | 6,563 |  | 7,303 |
Notes receivable issued in connection with property sales |  | 5,360 |  | 5,390 |
Corporate assets, net |  | 4,864 |  | 3,585 |
Impounds related to mortgages payable |  | 2,074 |  | 2,015 |
Other items |  | 118 |  | 444 |
|  | $ | 71,857 |  | $ | 37,689 |
C. Distributions payable consist of the following declared |  | March 31, |  | December 31, |
distributions (dollars in thousands) at: |  | 2017 |  | 2016 |
Common stock distributions |  | $ | 57,799 |  | $ | 52,896 |
Preferred stock dividends |  | - |  | 2,257 |
Noncontrolling interests distributions |  | 86 |  | 82 |
|  | $ | 57,885 |  | $ | 55,235 |
D. Accounts payable and accrued expenses consist of the |  | March 31, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Notes payable - interest payable |  | $ | 42,223 |  | $ | 60,668 |
Property taxes payable |  | 13,352 |  | 16,949 |
Accrued costs on properties under development |  | 5,163 |  | 9,049 |
Mortgages, term loans, credit line - interest payable and interest rate swaps |  | 3,182 |  | 5,432 |
Shares subject to mandatory redemption - interest payable |  | 1,655 |  | - |
Other items |  | 21,063 |  | 29,058 |
|  | $ | 86,638 |  | $ | 121,156 |
E. Acquired lease intangible liabilities, net, consist of the |  | March 31, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Acquired below-market leases |  | $ | 327,697 |  | $ | 318,926 |
Accumulated amortization of acquired below-market leases |  | (59,211 | ) | (54,720 | )
|  | $ | 268,486 |  | $ | 264,206 |
F. Other liabilities consist of the following |  | March 31, |  | December 31, |
(dollars in thousands) at: |  | 2017 |  | 2016 |
Rent received in advance and other deferred revenue (1) |  | $ | 110,468 |  | $ | 74,098 |
Security deposits |  | 6,516 |  | 6,502 |
Capital lease obligations |  | 5,094 |  | 5,016 |
|  | $ | 122,078 |  | $ | 85,616 |
| (1) |  | In connection with Diageo’s sale of its wine business to Treasury Wine Estates, we agreed to release Diageo from its guarantee of our leases in exchange for Diageo’s payment of $75 million of additional rent to us. The additional rent was paid in two equal installments, one of which was received in August 2016 for $37.5 million and was recorded as prepaid rent. The final payment of $37.5 million was received in January 2017, at which time Treasury Wine Estates became the guarantor of our leases on those properties. We have accounted for this transaction as a lease modification and the additional rent will be recognized on a straight-line basis over the remaining lease terms of approximately 15 years.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References No definition available. + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration