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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investment in real estate:    
Land $ 172.2 $ 147.6
Buildings and improvements 1,786.3 1,761.4
Equipment 3,106.4 3,028.2
Gross operating real estate 5,064.9 4,937.2
Less accumulated depreciation (1,469.5) (1,379.2)
Net operating real estate 3,595.4 3,558.0
Construction in progress, including land under development 990.6 946.3
Land held for future development 205.4 206.0
Total investment in real estate, net 4,791.4 4,710.3
Cash and cash equivalents 57.3 76.4
Rent and other receivables (net of allowance for doubtful accounts of $1.6 and $1.8 as of March 31, 2020 and December 31, 2019, respectively) 305.3 291.9
Restricted cash 1.3 1.3
Operating lease right-of-use assets, net 208.6 161.9
Equity investments 153.1 135.1
Goodwill 455.1 455.1
Intangible assets (net of accumulated amortization of $216.0 and $207.5 as of March 31, 2020 and December 31, 2019, respectively) 184.5 196.1
Other assets 121.9 113.9
Total assets 6,278.5 6,142.0
Liabilities and equity    
Debt 3,047.0 2,886.6
Finance lease liabilities 29.4 31.8
Operating lease liabilities 243.0 195.8
Construction costs payable 183.4 176.3
Accounts payable and accrued expenses 121.0 122.7
Dividends payable 58.7 58.6
Deferred revenue and prepaid rents 167.3 163.7
Deferred tax liability 57.0 60.5
Other liabilities 7.9 11.4
Total liabilities 3,914.7 3,707.4
Commitments and contingencies
Stockholders' equity    
Preferred stock, $.01 par value, 100,000,000 authorized; no shares issued or outstanding 0.0 0.0
Common stock, $.01 par value, 500,000,000 shares authorized and 115,014,251 and 114,808,898 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1.2 1.1
Additional paid in capital 3,199.9 3,202.0
Accumulated deficit (811.0) (767.3)
Accumulated other comprehensive loss (26.3) (1.2)
Total stockholders’ equity 2,363.8 2,434.6
Total liabilities and equity $ 6,278.5 $ 6,142.0