Financial Statements

Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

Assets

Real estate properties

Land 127,566 137,532 172,003 191,623 192,953
Buildings and improvements 1,854,855 1,945,323 2,285,122 2,471,602 2,485,951
Construction in progress 6,428 13,011 15,729 2,678 4,781
Total 1,988,849 2,095,866 2,472,854 2,665,903 2,683,685
Less accumulated depreciation (212,300) (259,059) (313,080) (380,202) (397,538)
Real estate properties, net 1,776,549 1,836,807 2,159,774 2,285,701 2,286,147
Mortgage and other notes receivable, net 63,630 133,714 133,493 141,486 145,845
Investment in preferred stock, at cost 38,132 NA NA NA NA
Cash and cash equivalents 3,287 13,286 4,636 3,063 3,230
Marketable securities 15,503 72,744 NA NA NA
Straight-line rent receivable 35,154 59,777 72,518 97,359 102,046
Equity-method investment and other assets 50,705 15,544 NA NA NA
Assets held for sale, net 0 1,346 NA NA NA
Other assets NA NA 33,212 18,212 22,160
Total Assets 1,982,960 2,133,218 2,403,633 2,545,821 2,559,428

Liabilities and Equity

Debt 862,726 914,443 1,115,981 1,145,497 1,160,226
Real estate purchase liabilities 3,000 NA NA NA NA
Accounts payable and accrued expenses 15,718 20,147 20,874 17,476 16,514
Dividends payable 28,864 32,637 35,863 39,456 41,532
Lease deposit liabilities 21,648 21,275 21,325 21,275 21,275
Deferred income 1,071 2,256 NA NA NA
Total Liabilities 933,027 990,758 1,194,043 1,223,704 1,239,547

Stockholders' Equity

Common stock 375 384 398 415 415
Capital in excess of par value 1,033,896 1,085,136 1,173,588 1,289,919 1,288,861
Cumulative net income in excess of dividends (569) 19,862 29,873 32,605 29,270
Accumulated other comprehensive income (loss) 6,223 27,910 5,731 (822) 1,335
Total Stockholders' Equity 1,039,925 1,133,292 1,209,590 1,322,117 1,319,881
Noncontrolling interest 10,008 9,168 NA NA NA
Total Equity 1,049,933 1,142,460 NA NA NA
Total Liabilities and Equity 1,982,960 2,133,218 2,403,633 2,545,821 2,559,428
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.