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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Rental Property:    
Land $ 272,162 $ 228,919
Building and improvements, net of accumulated depreciation 1,550,141 1,334,776
Intangible Assets, Net (Excluding Goodwill) 294,533 276,272
Total rental property, net 2,116,836 1,839,967
Cash and cash equivalents 12,192 12,011
Restricted cash 9,613 8,395
Tenant accounts receivable, net 25,223 21,478
Prepaid expenses and other assets 20,821 18,064
Interest rate swaps 1,471 1,867
Total assets 2,186,156 1,901,782
Liabilities:    
Unsecured credit facility 28,000 56,000
Unsecured term loans 446,608 296,618
Unsecured notes 397,966 397,720
Mortgage notes 163,565 229,910
Accounts payable, accrued expenses and other liabilities 35,389 25,662
Interest rate swaps 2,438 3,766
Tenant prepaid rent and security deposits 15,195 14,628
Dividends and distributions payable 9,728 8,234
Deferred leasing intangibles, net of accumulated amortization of $10,132 and $8,536, respectively 20,341 11,387
Total liabilities 1,119,230 1,043,925
Commitments and contingencies
Equity:    
Common stock, par value $0.01 per share, 150,000,000 shares authorized, 72,460,009 and 68,077,333 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 804 681
Additional paid-in capital 1,293,706 1,017,397
Common stock dividends in excess of earnings (410,978) (332,271)
Accumulated other comprehensive loss (1,496) (2,350)
Total stockholders’ equity 1,027,036 822,457
Noncontrolling interest 39,890 35,400
Total equity 1,066,926 857,857
Total liabilities and equity 2,186,156 1,901,782
Series A Preferred Stock    
Equity:    
Preferred stock 0 69,000
Series B Preferred Stock    
Equity:    
Preferred stock 70,000 70,000
Series C Preferred Stock [Member]    
Equity:    
Preferred stock $ 75,000 $ 0