XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate investments, at cost (Note 3):    
Land $ 443,555 $ 414,446
Buildings, fixtures and improvements 2,832,166 2,685,325
Construction in progress 4,905 11,725
Acquired intangible lease assets 670,575 651,768
Total real estate investments, at cost 3,951,201 3,763,264
Less accumulated depreciation and amortization (625,098) (517,123)
Total real estate investments, net 3,326,103 3,246,141
Cash and cash equivalents 300,000 270,302
Restricted cash 808 3,985
Derivative assets, at fair value (Note 7) 1,898 4,151
Unbilled straight-line rent 58,029 51,795
Operating lease right-of-use asset (Note 9) 56,229 50,211
Prepaid expenses and other assets 45,422 37,370
Due from related parties 366 351
Deferred tax assets 4,472 4,441
Goodwill and other intangible assets, net 22,492 21,920
Deferred financing costs, net 8,652 10,938
Total Assets 3,824,471 3,701,605
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 4) 1,417,712 1,272,154
Revolving credit facility (Note 5) 264,009 199,071
Term loan, net (Note 5) 417,072 397,893
Acquired intangible lease liabilities, net 29,402 30,529
Derivative liabilities, at fair value (Note 7) 18,546 7,507
Due to related parties 24 342
Accounts payable and accrued expenses 28,776 22,903
Operating lease liability (Note 9) 24,458 23,985
Prepaid rent 22,413 17,236
Deferred tax liability 15,146 14,975
Taxes payable 0 1,046
Dividends payable 5,014 4,006
Total Liabilities 2,242,572 1,991,647
Commitments and contingencies (Note 9) 0 0
Stockholders’ Equity (Note 8):    
Common Stock, $0.01 par value, 250,000,000 shares authorized, 89,614,601 and 89,458,752 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 2,227 2,225
Additional paid-in capital 2,413,117 2,408,353
Accumulated other comprehensive (loss) income (5,630) 20,195
Accumulated deficit (847,322) (733,245)
Total Stockholders’ Equity 1,562,497 1,697,631
Non-controlling interest 19,402 12,327
Total Equity 1,581,899 1,709,958
Total Liabilities and Equity 3,824,471 3,701,605
Series A Preferred Stock    
Stockholders’ Equity (Note 8):    
Cumulative redeemable preferred stock 68 68
Series B Preferred Stock    
Stockholders’ Equity (Note 8):    
Cumulative redeemable preferred stock $ 37 $ 35