XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Rental Property:    
Land $ 310,753 $ 272,162
Buildings and improvements, net of accumulated depreciation of $217,317 and $187,413, respectively 1,800,400 1,550,141
Intangible Assets, Net (Excluding Goodwill) 322,503 294,533
Total rental property, net 2,433,656 2,116,836
Cash and cash equivalents 7,676 12,192
Restricted cash 8,783 9,613
Tenant accounts receivable, net 26,695 25,223
Prepaid expenses and other assets 24,611 20,821
Interest rate swaps 1,701 1,471
Assets held for sale, net 3,561 0
Total assets 2,506,683 2,186,156
Liabilities:    
Unsecured credit facility 130,000 28,000
Unsecured term loans, net 446,954 446,608
Unsecured notes, net 398,101 397,966
Mortgage notes, net 146,641 163,565
Accounts payable, accrued expenses and other liabilities 37,547 35,389
Interest rate swaps 2,955 2,438
Tenant prepaid rent and security deposits 19,305 15,195
Dividends and distributions payable 11,153 9,728
Deferred leasing intangibles, net of accumulated amortization of $12,278 and $10,450, respectively 21,897 20,341
Total liabilities 1,214,553 1,119,230
Commitments and contingencies
Equity:    
Common stock, par value $0.01 per share, 150,000,000 shares authorized, 91,446,154 and 80,352,304 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 914 804
Additional paid-in capital 1,572,943 1,293,706
Common stock dividends in excess of earnings (474,756) (410,978)
Accumulated other comprehensive loss (1,781) (1,496)
Total stockholders’ equity 1,242,320 1,027,036
Noncontrolling interest 49,810 39,890
Total equity 1,292,130 1,066,926
Total liabilities and equity 2,506,683 2,186,156
Series B Preferred Stock    
Equity:    
Preferred stock 70,000 70,000
Series C Preferred Stock    
Equity:    
Preferred stock $ 75,000 $ 75,000