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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate investments:    
Land $ 449,331 $ 421,941
Buildings, equipment and improvements 1,115,624 1,055,624
Total real estate investments 1,564,955 1,477,565
Less: Accumulated depreciation (598,846) (583,307)
Total real estate investments, net 966,109 894,258
Cash and cash equivalents 64,466 26,643
Straight-line rent adjustment 21,130 11,594
Derivative assets 4,997 837
Other assets 11,957 3,819
Total Assets 1,068,659 937,151
Liabilities:    
Long-term debt, net of deferred financing costs 515,539 438,895
Dividends payable 16,843 14,519
Rent received in advance 8,295 7,974
Derivative liabilities 8 0
Deferred tax liabilities 0 196
Other liabilities 5,706 5,450
Total liabilities 546,391 467,034
Equity:    
Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding. 0 0
Common stock, par value $0.0001 per share; 500,000,000 shares authorized, 61,329,489 and 59,923,557 shares issued and outstanding at December 31, 2017 and 2016, respectively 6 6
Additional paid-in capital 473,685 438,864
Retained earnings 36,318 25,943
Accumulated other comprehensive income 4,478 207
Noncontrolling interest 7,781 5,097
Total equity 522,268 470,117
Total Liabilities and Equity $ 1,068,659 $ 937,151