XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Real Estate:    
Land $ 351,700 $ 318,814
Buildings and improvements 202,473 208,325
Total Real Estate 554,173 527,139
Less - accumulated depreciation and amortization (98,809) (106,931)
Real estate held for use, net 455,364 420,208
Real estate held for sale, net 30,061 25,340
Real estate, net 485,425 445,548
Net investment in direct financing leases 97,436 91,904
Deferred rent receivable (net of allowance of $1,531 as of September 30, 2013 and $0 as of December 31, 2012) 17,565 12,448
Cash and cash equivalents 4,670 16,876
Notes, mortgages and accounts receivable (net of allowance of $3,144 at September 30, 2013 and $25,371 at December 31, 2012) 38,945 41,865
Prepaid expenses and other assets 45,072 31,940
Total assets 689,113 640,581
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit lines 63,500 150,290
Term loans 100,000 22,030
Environmental remediation obligations 45,169 46,150
Dividends payable 6,738 4,202
Accounts payable and accrued liabilities 55,463 45,160
Total liabilities 270,870 267,832
Commitments and contingencies (notes 1, 2, 3, 4 and 5)      
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,396,880 at September 30, 2013 and 33,396,720 at December 31, 2012 334 334
Paid-in capital 462,170 461,426
Dividends paid in excess of earnings (44,261) (89,011)
Total shareholders' equity 418,243 372,749
Total liabilities and shareholders' equity $ 689,113 $ 640,581