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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Rental Property:    
Land $ 219,775 $ 191,238
Buildings and improvements, net of accumulated depreciation of $140,023 and $105,789, respectively 1,272,288 1,118,938
Deferred leasing intangibles, net of accumulated amortization of $189,937 and $146,026, respectively 264,115 247,904
Total rental property, net 1,756,178 1,558,080
Cash and cash equivalents 12,496 23,878
Restricted cash 8,540 6,906
Tenant accounts receivable, net 20,475 16,833
Prepaid expenses and other assets 26,518 22,661
Interest rate swaps 0 959
Total assets 1,824,207 1,629,317
Liabilities:    
Unsecured credit facility 177,750 131,000
Unsecured term loans 150,000 150,000
Unsecured notes 300,000 180,000
Mortgage notes 232,568 225,347
Accounts payable, accrued expenses and other liabilities 29,849 21,558
Interest rate swaps 6,956 873
Tenant prepaid rent and security deposits 13,208 11,480
Dividends and distributions payable 8,228 7,355
Deferred leasing intangibles, net of accumulated amortization of $8,397 and $6,565, respectively 10,712 10,180
Total liabilities $ 929,271 $ 737,793
Commitments and contingencies (Note 10)
Equity:    
Common stock, par value $0.01 per share, 100,000,000 shares authorized, 68,077,112 and 64,434,825 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively $ 681 $ 644
Additional paid-in capital 1,015,127 928,242
Common stock dividends in excess of earnings (289,413) (203,241)
Accumulated other comprehensive loss (7,165) (489)
Total stockholders’ equity 858,230 864,156
Noncontrolling interest 36,706 27,368
Total equity 894,936 891,524
Total liabilities and equity 1,824,207 1,629,317
Series A Preferred Stock    
Equity:    
Preferred stock 69,000 69,000
Series B Preferred Stock    
Equity:    
Preferred stock $ 70,000 $ 70,000