XML 16 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Real Estate:    
Land $ 475,784 $ 344,324
Buildings and improvements 304,894 246,112
Construction in progress 955  
Total real estate held for use, gross 781,633 590,436
Less accumulated depreciation and amortization (107,109) (99,510)
Real estate held for use, net 674,524 490,926
Real estate held for sale, net 1,339 4,343
Real estate, net 675,863 495,269
Net investment in direct financing leases 94,098 95,764
Deferred rent receivable, net of allowance of $0 and $7,009, respectively 25,450 21,049
Cash and cash equivalents 3,942 3,111
Restricted cash 409 713
Notes and mortgages receivable 48,455 34,226
Accounts receivable, net of allowance of $2,634 and $4,160, respectively 2,975 4,395
Prepaid expenses and other assets 47,937 32,974
Total assets 899,129 687,501
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit agreement 144,000 25,000
Senior unsecured notes 175,000 100,000
Mortgage payable, net 303 344
Environmental remediation obligations 84,345 91,566
Dividends payable 15,897 12,150
Accounts payable and accrued liabilities 73,023 51,417
Total liabilities $ 492,568 $ 280,477
Commitments and contingencies (notes 2, 3, 4 and 5)
Shareholders' equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; unissued
Common stock, $0.01 par value; 50,000,000 shares authorized; 33,422,170 and 33,417,203 shares issued and outstanding, respectively $ 334 $ 334
Paid-in capital 464,338 463,314
Dividends paid in excess of earnings (58,111) (56,624)
Total shareholders' equity 406,561 407,024
Total liabilities and shareholders' equity $ 899,129 $ 687,501