XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Real Estate:    
Land $ 307,753 $ 318,814
Buildings and improvements 191,497 208,325
Total Real Estate 499,250 527,139
Less - accumulated depreciation and amortization (98,313) (106,931)
Real estate held for use, net 400,937 420,208
Real estate held for sale, net 31,570 25,340
Real estate, net 432,507 445,548
Net investment in direct financing leases 91,685 91,904
Deferred rent receivable 15,028 12,448
Cash and cash equivalents 18,726 16,876
Notes, mortgages and accounts receivable, (net of allowance of $23,471 at March 31, 2013 and $25,371 at December 31, 2012) 44,173 41,865
Prepaid expenses and other assets 48,836 31,940
Total assets 650,955 640,581
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit lines 71,900 150,290
Term loans 100,000 22,030
Environmental remediation obligations 45,728 46,150
Dividends payable 6,738 4,202
Accounts payable and accrued liabilities 49,928 45,160
Total liabilities 274,294 267,832
Commitments and contingencies (notes 2, 3, 4 and 5)      
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,396,790 at March 31, 2013 and 33,396,720 at December 31, 2012 334 334
Paid-in capital 461,726 461,426
Dividends paid in excess of earnings (85,399) (89,011)
Total shareholders' equity 376,661 372,749
Total liabilities and shareholders' equity $ 650,955 $ 640,581