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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Investments in real estate:    
Land, buildings and improvements $ 9,480,306 $ 9,251,396
Net investments in direct financing leases 1,263,319  
Net investments in direct financing leases   1,306,215
In-place lease intangible assets and other 2,134,786 2,009,628
Above-market rent intangible assets 921,998 925,797
Investments in real estate 13,800,409 13,493,036
Accumulated depreciation and amortization (1,812,628) (1,564,182)
Assets held for sale, net 102,777 0
Net investments in real estate 12,090,558 11,928,854
Equity investments in the Managed Programs and real estate 317,159 329,248
Cash and cash equivalents 202,279 217,644
Due from affiliates 81,523 74,842
Other assets, net 580,270 711,507
Goodwill 920,218 920,944
Total assets [1] 14,192,007 14,183,039
Debt:    
Senior unsecured notes, net 3,861,931 3,554,470
Unsecured revolving credit facility 111,227 91,563
Non-recourse mortgages, net 2,203,853 2,732,658
Debt, net 6,177,011 6,378,691
Accounts payable, accrued expenses and other liabilities 463,417 403,896
Below-market rent and other intangible liabilities, net 213,279 225,128
Deferred income taxes 168,841 173,115
Dividends payable 178,665 172,154
Total liabilities [1] 7,201,213 7,352,984
Commitments and contingencies (Note 11)
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued 0 0
Common stock, $0.001 par value, 450,000,000 shares authorized; 170,756,507 and 165,279,642 shares, respectively, issued and outstanding 171 165
Additional paid-in capital 8,576,245 8,187,335
Distributions in excess of accumulated earnings (1,368,457) (1,143,992)
Deferred compensation obligation 37,263 35,766
Accumulated other comprehensive loss (260,817) (254,996)
Total stockholders’ equity 6,984,405 6,824,278
Noncontrolling interests 6,389 5,777
Total equity 6,990,794 6,830,055
Total liabilities and equity $ 14,192,007 $ 14,183,039
[1]
See Note 2 for details related to variable interest entities (“VIEs”).