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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments in real estate:    
Land, buildings and improvements $ 10,287,575 $ 9,856,191
Net investments in direct financing leases 752,630 896,549
In-place lease intangible assets and other 2,197,714 2,186,851
Above-market rent intangible assets 896,051 909,139
Investments in real estate 14,133,970 13,848,730
Accumulated depreciation and amortization (2,257,551) (2,035,995)
Assets held for sale, net 0 104,010
Net investments in real estate 11,876,419 11,916,745
Equity investments in the Managed Programs and real estate 284,643 324,004
Cash and cash equivalents 137,157 196,028
Due from affiliates 11,074 57,816
Other assets, net 747,878 631,637
Goodwill 898,842 934,688
Total assets [1] 13,956,013 14,060,918
Debt:    
Senior unsecured notes, net 4,384,879 4,390,189
Unsecured term loans, net 290,827 0
Unsecured revolving credit facility 22,366 201,267
Non-recourse mortgages, net 1,424,195 1,462,487
Debt, net 6,122,267 6,053,943
Accounts payable, accrued expenses and other liabilities 515,811 487,405
Below-market rent and other intangible liabilities, net 197,223 210,742
Deferred income taxes 134,519 179,309
Dividends payable 183,738 181,346
Total liabilities [1] 7,153,558 7,112,745
Commitments and contingencies (Note 11)
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued 0 0
Common stock, $0.001 par value, 450,000,000 shares authorized; 173,890,427 and 172,278,242 shares, respectively, issued and outstanding 174 172
Additional paid-in capital 8,815,108 8,717,535
Distributions in excess of accumulated earnings (1,765,892) (1,557,374)
Deferred compensation obligation 42,014 37,263
Accumulated other comprehensive loss (290,613) (255,667)
Total stockholders’ equity 6,800,791 6,941,929
Noncontrolling interests 1,664 6,244
Total equity 6,802,455 6,948,173
Total liabilities and equity $ 13,956,013 $ 14,060,918
[1]
See Note 2 for details related to variable interest entities (“VIEs”).