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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Real Estate:    
Land $ 344,957 $ 342,944
Buildings and improvements 197,573 196,607
Total Real Estate 542,530 539,551
Less - accumulated depreciation and amortization (98,899) (95,712)
Real estate held for use, net 443,631 443,839
Real estate held for sale, net 14,492 22,984
Real estate, net 458,123 466,823
Net investment in direct financing leases 96,492 97,147
Deferred rent receivable (net of allowance of $6,359 at June 30, 2014 and $4,775 at December 31, 2013) 19,439 16,893
Cash and cash equivalents 7,701 12,035
Restricted cash 1,463 1,000
Notes and mortgages receivable (net of allowance of $133 at June 30, 2014 and $0 at December 31, 2013) 31,876 28,793
Accounts receivable (net of allowance of $3,900 at June 30, 2014 and $3,248 at December 31, 2013) 3,705 5,106
Prepaid expenses and other assets 35,435 54,605
Total assets 654,234 682,402
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit lines 34,000 58,000
Term loan 100,000 100,000
Environmental remediation obligations 41,256 43,472
Dividends payable 6,750 8,423
Accounts payable and accrued liabilities 53,959 57,416
Total liabilities 235,965 267,311
Commitments and contingencies (notes 2, 3, 4 and 5)      
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,416,873 at June 30, 2014 and 33,397,260 at December 31, 2013 334 334
Paid-in capital 462,802 462,397
Dividends paid in excess of earnings (44,867) (47,640)
Total shareholders' equity 418,269 415,091
Total liabilities and shareholders' equity $ 654,234 $ 682,402