CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Property:
Land	$ 326,669		$ 320,289
Buildings	585,304		564,352
Site improvements	53,503		51,875
Tenant improvements	45,537		42,903
Construction in progress	3,135		1,709
Less accumulated depreciation	(43,125)		(36,765)
Property, net	971,023		944,363
Cash and cash equivalents	6,658		5,596
Restricted cash	6,344		5,657
Tenant receivables, net	3,486		5,376
Lease intangibles, net	80,961		85,646
Deferred rent receivable	6,851		5,983
Other assets	18,497		17,618
Investment in unconsolidated entities	9,021		9,015
Total assets	1,102,841	[1]	1,079,254	[1]
Liabilities:
Mortgages payable, net	332,732		333,935
Notes payable	88,000		75,000
Accounts payable and other liabilities	22,061		25,319
Lease intangibles, net	25,320		26,455
Dividends/distributions payable	10,491		9,773
Total liabilities	478,604	[2]	470,482	[2]
Commitments and contingencies
Stockholders' equity
Common stock, $.01 par value, 200,000,000 shares authorized; 47,033,085 and 44,905,683 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	468		448
Additional paid-in capital	474,321		459,151
Cumulative deficit	(1,118)		(1,414)
Stockholders Equity Before Accumulated Other Comprehensive Loss	610,094		594,608
Accumulated other comprehensive loss	(415)		(572)
Total stockholders' equity	609,679		594,036
Non-controlling interests	14,558		14,736
Total equity	624,237		608,772
Total liabilities and equity	1,102,841		1,079,254
7.00% Series A cumulative convertible perpetual preferred stock
Stockholders' equity
Preferred Stock	47,703		47,703
8.125% Series B cumulative redeemable preferred stock
Stockholders' equity
Preferred Stock	$ 88,720		$ 88,720

[1] Excel Trust Inc.'s consolidated total assets at March 31, 2013 and December 31, 2012, include $15,811 and $15,871, respectively, of assets of a variable interest entity ("VIE") that can only be used to settle the liabilities of that VIE.

[2] The Company's consolidated total liabilities at March 31, 2013 and December 31, 2012, include $147 and $154 of accounts payable and other liabilities, respectively, that do not have recourse to Excel Trust, Inc.