Financial Statements

Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

Assets

Real estate properties

Land 137,532 172,003 191,623 202,196 207,380
Buildings and improvements 1,945,323 2,285,122 2,471,602 2,599,526 2,676,127
Construction in progress 13,011 15,729 2,678 16,643 19,810
Total 2,095,866 2,472,854 2,665,903 2,818,365 2,903,317
Less accumulated depreciation (259,059) (313,080) (380,202) (451,483) (468,562)
Real estate properties, net 1,836,807 2,159,774 2,285,701 2,366,882 2,434,755
Mortgage and other notes receivable, net 133,714 133,493 141,486 246,111 257,481
Cash and cash equivalents 13,286 4,636 3,063 4,659 5,177
Marketable securities 72,744 NA NA NA NA
Straight-line rent receivable 59,777 72,518 97,359 105,620 75,123
Equity-method investment and other assets 15,544 NA NA NA NA
Assets held for sale, net 1,346 NA NA 0 3,745
Other assets NA 33,212 18,212 27,298 29,987
Total Assets 2,133,218 2,403,633 2,545,821 2,750,570 2,806,268

Liabilities and Stockholders' Equity

Debt 914,443 1,115,981 1,145,497 1,281,675 1,287,205
Accounts payable and accrued expenses 20,147 20,874 16,302 19,890 22,532
Dividends payable 32,637 35,863 39,456 42,700 45,359
Lease deposit liabilities 21,275 21,325 21,275 10,638 10,638
Deferred income 2,256 NA 1,174 5,954 24,550
Total Liabilities 990,758 1,194,043 1,223,704 1,360,857 1,390,284

Stockholders' Equity

Common stock 384 398 415 427 432
Capital in excess of par value 1,085,136 1,173,588 1,289,919 1,369,919 1,406,822
Cumulative net income in excess of dividends 19,862 29,873 32,605 18,068 8,388
Accumulated other comprehensive income 27,910 5,731 (822) 1,299 342
Total Stockholders' Equity 1,133,292 1,209,590 1,322,117 1,389,713 1,415,984
Noncontrolling interest 9,168 NA NA NA NA
Total Equity 1,142,460 NA NA NA NA
Total Liabilities and Stockholders' Equity 2,133,218 2,403,633 2,545,821 2,750,570 2,806,268
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.