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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Real estate investments, at cost (Note 3):    
Land $ 414,446 $ 398,911
Buildings, fixtures and improvements 2,685,325 2,345,202
Construction in progress 11,725 1,235
Acquired intangible lease assets 651,768 675,551
Total real estate investments, at cost 3,763,264 3,420,899
Less accumulated depreciation and amortization (517,123) (437,974)
Total real estate investments, net 3,246,141 2,982,925
Assets held for sale 0 112,902
Cash and cash equivalents 270,302 100,324
Restricted cash 3,985 3,369
Derivative assets, at fair value (Note 7) 4,151 8,730
Unbilled straight-line rent 51,795 47,183
Operating lease right-of-use asset (Note 9) 50,211  
Prepaid expenses and other assets 37,370 22,245
Due from related parties 351 16
Deferred tax assets 4,441 3,293
Goodwill and other intangible assets, net 21,920 22,180
Deferred financing costs, net 10,938 6,311
Total Assets 3,701,605 3,309,478
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 4) 1,272,154 1,129,807
Revolving credit facility (Note 5) 199,071 363,894
Term loan, net (Note 5) 397,893 278,727
Acquired intangible lease liabilities, net 30,529 35,757
Derivative liabilities, at fair value (Note 7) 7,507 3,886
Due to related parties 342 790
Accounts payable and accrued expenses 22,903 31,529
Operating lease liability (Note 9) 23,985  
Prepaid rent 17,236 16,223
Deferred tax liability 14,975 15,227
Taxes payable 1,046 2,228
Dividends payable 4,006 2,664
Total Liabilities 1,991,647 1,880,732
Commitments and contingencies (Note 9) 0 0
Stockholders’ Equity (Note 8):    
Common stock, $0.01 par value, 250,000,000 shares authorized, 89,458,752 shares issued and outstanding at December 31, 2019; 100,000,000 shares authorized, 76,080,625 shares issued and outstanding at December 31, 2018 2,225 2,091
Additional paid-in capital 2,408,353 2,031,981
Accumulated other comprehensive income 20,195 6,810
Accumulated deficit (733,245) (615,448)
Total Stockholders’ Equity 1,697,631 1,425,488
Non-controlling interest 12,327 3,258
Total Equity 1,709,958 1,428,746
Total Liabilities and Equity 3,701,605 3,309,478
Series A Preferred Stock    
Stockholders’ Equity (Note 8):    
7.25% Series A cumulative redeemable preferred stock, $0.01 par value, liquidation preference $25.00 per share, 9,959,650 shares authorized, 6,799,467 shares issued and outstanding as of December 31, 2019; 13,409,650 shares authorized, 5,416,890 shares issued and outstanding as of December 31, 2018 68 54
Series B Preferred Stock    
Stockholders’ Equity (Note 8):    
7.25% Series A cumulative redeemable preferred stock, $0.01 par value, liquidation preference $25.00 per share, 9,959,650 shares authorized, 6,799,467 shares issued and outstanding as of December 31, 2019; 13,409,650 shares authorized, 5,416,890 shares issued and outstanding as of December 31, 2018 $ 35 $ 0