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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investment properties:    
Land $ 399,833 $ 313,261
Construction in progress 20,841 20,837
Building and improvements 1,161,985 957,794
Total investment properties at cost 1,582,659 1,291,892
Less accumulated depreciation 336,311 329,997
Net investment properties 1,246,348 961,895
Cash and cash equivalents 12,157 18,505
Investment in securities 5,855 8,711
Accounts receivable, net 36,139 25,076
Mortgages receivable 0 12,955
Investment in and advances to unconsolidated joint ventures 113,233 129,196
Acquired lease intangibles, net 121,904 41,692
Deferred costs, net 19,590 19,436
Other assets 28,274 25,939
Total assets 1,583,500 1,243,405
Liabilities:    
Accounts payable and accrued expenses 58,690 36,918
Acquired below market lease intangibles, net 45,087 12,976
Distributions payable 5,130 4,606
Mortgages payable 541,254 412,361
Unsecured credit facilities 290,000 305,000
Convertible notes 28,558 28,327
Other liabilities 20,734 33,014
Total liabilities 989,453 833,202
Stockholders’ Equity:    
Preferred stock, $0.01 par value, 12,000 shares authorized; 4,400 8.125% Series A Cumulative Redeemable shares, with a $25.00 per share Liquidation Preference, issued and outstanding at June 30, 2013 and December 31, 2012, respectively 110,000 110,000
Common stock, $0.01 par value, 500,000 shares authorized; 99,626 and 89,366 Shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 996 894
Additional paid-in capital (net of offering costs of $74,492 and $70,238 at June 30, 2013 and December 31, 2012, respectively) 886,737 784,139
Accumulated distributions in excess of net income (395,913) (476,185)
Accumulated other comprehensive loss (5,814) (9,269)
Total stockholders’ equity 596,006 409,579
Noncontrolling interest (1,959) 624
Total equity 594,047 410,203
Total liabilities and equity $ 1,583,500 $ 1,243,405