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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real Estate Assets    
Land $ 165,109 $ 130,605
Buildings, improvements and equipment 2,839,261 2,178,901
Less: Accumulated depreciation (702,944) (558,560)
Total real estate assets 2,301,426 1,750,946
Construction in progress 1,028,765 920,922
Real Estate Assets, net 3,330,191 2,671,868
Investments in unconsolidated entity 22,608 30,218
Operating lease right-of-use assets, net 51,342 57,141
Cash and cash equivalents 22,775 15,653
Rents and other receivables, net 107,563 81,181
Acquired intangibles, net 68,090 81,679
Deferred costs, net 63,689 52,363
Prepaid expenses 10,253 10,586
Goodwill 173,843 173,843
Other assets, net 48,218 49,001
TOTAL ASSETS 3,898,572 3,223,533
LIABILITIES    
Unsecured term loans and revolver, net 1,335,241 1,010,640
Senior notes, net of debt issuance costs 492,534 395,549
Finance leases and mortgage notes payable 41,718 46,876
Operating lease liabilities 58,005 64,416
Accounts payable and accrued liabilities 187,270 142,547
Dividends and distributions payable 39,373 34,500
Advance rents, security deposits and other liabilities 19,850 18,027
Derivative liabilities 53,722 26,609
Deferred income taxes 810 749
Deferred income 85,351 39,169
TOTAL LIABILITIES 2,313,874 1,779,082
EQUITY    
Additional paid-in capital 1,622,857 1,330,444
Accumulated other comprehensive loss (50,451) (24,642)
Accumulated dividends in excess of earnings (504,313) (376,002)
Total stockholders’ equity 1,476,174 1,337,817
Noncontrolling interests 108,524 106,634
TOTAL EQUITY 1,584,698 1,444,451
TOTAL LIABILITIES AND EQUITY 3,898,572 3,223,533
Series A Redeemable Perpetual Preferred    
EQUITY    
Cumulative redeemable perpetual preferred stock 103,212 103,212
Series B Convertible Preferred Units    
EQUITY    
Cumulative redeemable perpetual preferred stock 304,223 304,223
Common stock    
EQUITY    
Common stock $ 646 $ 582