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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate, at cost:    
Land $ 4,080,400 $ 3,752,204
Buildings and improvements 10,936,069 10,112,212
Total real estate, at cost 15,016,469 13,864,416
Less accumulated depreciation and amortization (2,346,644) (1,987,200)
Net real estate held for investment 12,669,825 11,877,216
Real estate held for sale, net 6,674 26,575
Net real estate 12,676,499 11,903,791
Cash and cash equivalents 6,898 9,420
Accounts receivable, net 119,533 104,584
Acquired lease intangible assets, net 1,194,930 1,082,320
Goodwill 14,970 15,067
Other assets, net 45,336 37,689
Total assets 14,058,166 13,152,871
LIABILITIES AND EQUITY    
Distributions payable 60,799 55,235
Accounts payable and accrued expenses 109,523 121,156
Acquired lease intangible liabilities, net 268,796 264,206
Other liabilities 116,869 85,616
Line of credit payable 110,000 1,120,000
Term loans, net 445,286 319,127
Mortgages payable, net 325,941 466,045
Notes payable, net 5,230,244 3,934,433
Total liabilities 6,667,458 6,365,818
Commitments and contingencies
Stockholders' equity:    
Preferred stock and paid in capital, par value $0.01 per share, 69,900,000 shares authorized, no shares issued and outstanding as of December 31, 2017 and 16,350,000 issued and outstanding as of December 31, 2016, liquidation preference $25.00 per share 395,378
Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, [281,778,537] shares issued and outstanding as of December 31, 2017 and 260,168,259 shares issued and outstanding as of December 31, 2016 9,624,264 8,228,594
Distributions in excess of net income (2,252,763) (1,857,168)
Total stockholders' equity 7,371,501 6,766,804
Noncontrolling interests 19,207 20,249
Total equity 7,390,708 6,787,053
Total liabilities and equity $ 14,058,166 $ 13,152,871