Financial Statements

Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

Assets

Real estate properties

Land 91,770 127,566 137,532 172,003 183,943
Buildings and improvements 1,320,567 1,854,855 1,945,323 2,285,122 2,408,660
Construction in progress 9,665 6,428 13,011 15,729 20,201
Total 1,422,002 1,988,849 2,095,866 2,472,854 2,612,804
Less accumulated depreciation (174,262) (212,300) (259,059) (313,080) (345,992)
Real estate properties, net 1,247,740 1,776,549 1,836,807 2,159,774 2,266,812
Mortgage and other notes receivable, net 60,639 63,630 133,714 133,493 141,107
Investment in preferred stock, at cost 38,132 38,132 NA NA NA
Cash and cash equivalents 11,312 3,287 13,286 4,832 3,470
Marketable securities 12,650 15,503 72,744 NA NA
Straight-line rent receivable 18,691 35,154 59,777 72,518 83,273
Other assets 66,656 50,705 15,544 33,016 16,380
Assets held for sale, net NA 0 1,346 NA NA
Total Assets 1,455,820 1,982,960 2,133,218 2,403,633 2,511,042

Liabilities and Equity

Debt 617,080 862,726 914,443 1,115,981 1,145,005
Accounts payable and accrued expenses 8,011 15,718 20,147 20,874 18,301
Dividends payable 24,293 28,864 32,637 35,863 38,935
Lease deposit liabilities 22,775 21,648 21,275 21,325 22,375
Real estate purchase liabilities 2,600 3,000 NA NA NA
Deferred income 3,901 1,071 2,256 NA NA
Total Liabilities 678,660 933,027 990,758 1,194,043 1,224,616

Stockholders' Equity

Common stock 330 375 384 398 410
Capital in excess of par value 753,635 1,033,896 1,085,136 1,173,588 1,254,516
Cumulative net income in excess of dividends 3,043 (569) 19,862 29,873 34,624
Accumulated other comprehensive income (loss) 9,538 6,223 27,910 5,731 (3,124)
Total Stockholders' Equity 766,546 1,039,925 1,133,292 1,209,590 1,286,426
Noncontrolling interest 10,614 10,008 9,168 NA NA
Total Equity 777,160 1,049,933 1,142,460 NA NA
Total Liabilities and Equity 1,455,820 1,982,960 2,133,218 2,403,633 2,511,042
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.