XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Real estate properties:    
Land $ 389,410 $ 714,238
Buildings and improvements 3,497,942 5,014,205
Total real estate properties, at cost, gross 3,887,352 5,728,443
Accumulated depreciation (898,939) (1,030,445)
Total real estate properties, at cost, net 2,988,413 4,697,998
Acquired real estate leases, net 88,760 198,287
Cash and cash equivalents 1,802,729 364,516
Restricted cash 32,245 32,257
Rents receivable, net of allowance for doubtful accounts of $7,715 and $6,565, respectively 174,676 248,101
Other assets, net 157,549 220,480
Total assets 5,244,372 5,761,639
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior unsecured debt, net 1,460,592 1,598,416
Mortgage notes payable, net 249,732 609,249
Accounts payable and accrued expenses 123,587 162,204
Assumed real estate lease obligations, net 4,296 26,784
Rent collected in advance 27,340 31,359
Security deposits 10,338 14,044
Total liabilities $ 1,875,885 $ 2,442,056
Commitments and Contingencies
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Common shares of beneficial interest, $0.01 par value: 350,000,000 shares authorized; 126,349,914 and 129,607,279 shares issued and outstanding, respectively $ 1,263 $ 1,296
Additional paid in capital 4,414,611 4,487,133
Cumulative net income 2,333,709 2,233,852
Cumulative other comprehensive loss (3,687) (53,216)
Cumulative common distributions (3,111,868) (3,111,868)
Cumulative preferred distributions (650,195) (622,271)
Total shareholders’ equity 3,368,487 3,319,583
Total liabilities and shareholders’ equity 5,244,372 5,761,639
Series D    
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Series D preferred shares; 6 1/2% cumulative convertible; 4,915,196 and 4,915,497 shares issued and outstanding, respectively, aggregate liquidation preference of $122,880 and $122,887, respectively 119,263 119,266
Total shareholders’ equity 119,263 119,266
Series E    
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Series E preferred shares; 7 1/4% cumulative redeemable on or after May 15, 2016; 11,000,000 shares issued and outstanding, aggregate liquidation preference $275,000 265,391 265,391
Total shareholders’ equity $ 265,391 $ 265,391