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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets:    
Real estate, at cost $ 3,789,711 $ 3,671,560
Real estate - intangible assets 692,778 705,566
Investments in real estate under construction 95,402 106,238
Real estate, gross 4,577,891 4,483,364
Less: accumulated depreciation and amortization [1] 1,179,969 1,196,114
Real estate, net 3,397,922 3,287,250
Assets held for sale 24,425 3,379
Cash and cash equivalents 93,249 191,077
Restricted cash 10,637 17,379
Investment in and advances to non-consolidated entities 31,054 19,402
Deferred expenses (net of accumulated amortization of $38,547 in 2015 and $34,087 in 2014) 63,832 65,860
Loans receivable, net 95,871 105,635
Rent receivable - current 7,193 6,311
Rent receivable – deferred 87,547 61,372
Other assets 18,505 20,229
Total assets 3,830,235 3,777,894
Liabilities:    
Mortgages and notes payable 882,952 945,216
Credit facility borrowings 177,000 0
Term loans payable 505,000 505,000
Senior notes payable 497,947 497,675
Convertible notes payable 12,180 15,664
Trust preferred securities 129,120 129,120
Dividends payable 45,440 42,864
Liabilities held for sale 8,405 2,843
Accounts payable and other liabilities 41,479 37,740
Accrued interest payable 8,851 8,301
Deferred revenue - including below market leases (net of accumulated accretion of $30,548 in 2015 and $35,239 in 2014) 42,524 68,215
Prepaid rent 16,806 16,336
Total liabilities $ 2,367,704 $ 2,268,974
Commitments and contingencies
Equity:    
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 234,575,225 and 233,278,037 shares issued and outstanding in 2015 and 2014, respectively $ 23 $ 23
Additional paid-in-capital 2,776,837 2,763,374
Accumulated distributions in excess of net income (1,428,908) (1,372,051)
Accumulated other comprehensive income (loss) (1,939) 404
Total shareholders’ equity 1,440,029 1,485,766
Noncontrolling interests 22,502 23,154
Total equity 1,462,531 1,508,920
Total liabilities and equity 3,830,235 3,777,894
Series C [Member]    
Equity:    
Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding $ 94,016 $ 94,016
[1] Includes accumulated amortization of real estate intangible assets of $367,762 and $400,628 in 2015 and 2014, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $34,418 in 2016, $30,561 in 2017, $26,215 in 2018, $20,943 in 2019 and $16,722 in 2020.