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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real estate investments:    
Land $ 404,812 $ 404,812
Buildings, equipment and improvements 992,423 992,418
Total real estate investments 1,397,235 1,397,230
Less: Accumulated depreciation (573,726) (568,539)
Total real estate investments, net 823,509 828,691
Cash and cash equivalents 36,088 98,073
Derivative assets 0 165
Deferred rent 4,095 1,500
Other assets 981 1,008
Total Assets 864,673 929,437
Liabilities:    
Notes payable, net of deferred financing costs 392,700 392,302
Derivative liabilities 7,151 477
Deferred rental revenue 7,866 7,940
Deferred tax liabilities 225 80,881
Dividends payable 14,509 0
Other liabilities 5,018 6,195
Total liabilities 427,469 487,795
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding. 0 0
Common stock, par value $0.0001 per share; 500,000,000 shares authorized, 59,881,270 and 42,741,995 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 6 4
Additional paid-in capital 437,017 436,697
Accumulated other comprehensive loss (6,774) (316)
Retained earnings 6,955 5,257
Total stockholders’ equity 437,204 441,642
Total Liabilities and Equity $ 864,673 $ 929,437