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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate properties:    
Land $ 824,879 $ 792,728
Buildings, improvements and equipment 6,999,884 6,824,819
Total real estate properties, gross 7,824,763 7,617,547
Less accumulated depreciation (1,454,477) (1,270,716)
Total real estate properties, net 6,370,286 6,346,831
Cash and cash equivalents 31,238 31,749
Restricted cash 16,083 3,829
Investments in available for sale securities 162,751 115,612
Due from affiliate 18,539 18,439
Acquired real estate leases and other intangible assets, net 472,265 514,446
Other assets, net 222,857 196,848
Total assets 7,294,019 7,227,754
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 596,000 327,000
Unsecured term loans, net 547,460 547,058
Senior unsecured notes, net 1,725,662 1,722,758
Secured debt and capital leases, net 805,404 1,117,649
Accrued interest 17,987 18,471
Due to affiliate 66,411 22,296
Assumed real estate lease obligations, net 96,018 106,038
Other liabilities 161,889 167,079
Total liabilities 4,016,831 4,028,349
Commitments and contingencies
Equity attributable to common shareholders:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 237,630,409 and 237,544,479 shares issued and outstanding at December 31, 2017 and 2016, respectively 2,376 2,375
Additional paid in capital 4,609,316 4,533,456
Cumulative net income 1,766,495 1,618,885
Cumulative other comprehensive income 87,231 34,549
Cumulative distributions (3,360,468) (2,989,860)
Total equity attributable to common shareholders 3,104,950 3,199,405
Noncontrolling interest:    
Total equity attributable to noncontrolling interest 172,238 0
Total equity 3,277,188 3,199,405
Total liabilities and equity $ 7,294,019 $ 7,227,754