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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real Estate:    
Land $ 483,985 $ 344,324
Buildings and improvements 317,584 246,112
Total real estate held for use, gross 801,569 590,436
Less - accumulated depreciation and amortization (103,072) (99,510)
Real estate held for use, net 698,497 490,926
Real estate held for sale, net 2,567 4,343
Real estate, net 701,064 495,269
Net investment in direct financing leases 94,968 95,764
Deferred rent receivable (net of allowance of $7,023 as of June 30, 2015 and $7,009 as of December 31, 2014) 23,102 21,049
Cash and cash equivalents 9,786 3,111
Restricted cash 409 713
Notes and mortgages receivable 34,242 34,226
Accounts receivable (net of allowance of $4,556 at June 30, 2015 and $4,160 at December 31, 2014) 4,405 4,395
Prepaid expenses and other assets 48,614 32,974
Total assets 916,590 687,501
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit lines 166,000 25,000
Term loans 175,000 100,000
Mortgage payable, net 349 344
Environmental remediation obligations 93,057 91,566
Dividends payable 7,442 12,150
Accounts payable and accrued liabilities 71,600 51,417
Total liabilities $ 513,448 $ 280,477
Commitments and contingencies (notes 2, 3, 4 and 5)    
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,420,542 at June 30, 2015 and 33,417,203 at December 31, 2014 $ 334 $ 334
Paid-in capital 463,834 463,314
Dividends paid in excess of earnings (61,026) (56,624)
Total shareholders' equity 403,142 407,024
Total liabilities and shareholders' equity $ 916,590 $ 687,501