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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments in real estate:    
Land, buildings and improvements $ 10,560,534 $ 9,856,191
Net investments in direct financing leases 715,541 896,549
In-place lease intangible assets and other 2,243,117 2,186,851
Above-market rent intangible assets 900,503 909,139
Investments in real estate 14,419,695 13,848,730
Accumulated depreciation and amortization (2,382,971) (2,035,995)
Assets held for sale, net 10,626 104,010
Net investments in real estate 12,047,350 11,916,745
Equity investments in the Managed Programs and real estate 288,444 324,004
Cash and cash equivalents 152,215 196,028
Due from affiliates 4,347 57,816
Other assets, net 793,079 631,637
Goodwill 904,075 934,688
Total assets [1] 14,189,510 14,060,918
Debt:    
Senior unsecured notes, net 4,513,243 4,390,189
Unsecured term loans, net 304,221 0
Unsecured revolving credit facility 182,799 201,267
Non-recourse mortgages, net 1,234,197 1,462,487
Debt, net 6,234,460 6,053,943
Accounts payable, accrued expenses and other liabilities 549,899 487,405
Below-market rent and other intangible liabilities, net 192,445 210,742
Deferred income taxes 137,460 179,309
Dividends payable 185,877 181,346
Total liabilities [1] 7,300,141 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; 175,396,158 and 172,278,242 shares, respectively, issued and outstanding 175 172
Additional paid-in capital 8,919,520 8,717,535
Distributions in excess of accumulated earnings (1,800,875) (1,557,374)
Deferred compensation obligation 42,014 37,263
Accumulated other comprehensive loss (273,124) (255,667)
Total stockholders’ equity 6,887,710 6,941,929
Noncontrolling interests 1,659 6,244
Total equity 6,889,369 6,948,173
Total liabilities and equity $ 14,189,510 $ 14,060,918
[1] See Note 2 for details related to variable interest entities (“VIEs”).