As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Assets

Real estate assets

Land 170,021 196,178 191,578 191,578 191,578
Buildings and improvements 1,637,066 1,822,183 1,811,631 1,857,935 1,900,131
Fixtures and equipment 2,528 4,136 5,614 8,839 11,099
Total 1,809,615 2,022,497 2,008,823 2,058,352 2,102,808
Less accumulated depreciation 299,991 337,228 376,131 432,579 476,298
Real estate assets, net 1,509,624 1,685,269 1,632,692 1,625,773 1,626,510
Acquired real estate leases, less accumulated amortization 108,046 125,491 86,520 59,595 45,066
Investment in non-consolidated REITs 77,019 75,165 70,164 NA NA
Asset held for sale 0 3,871 0 NA NA
Cash and cash equivalents 18,163 9,335 NA NA NA
Restricted cash 23 31 NA NA NA
Cash, cash equivalents and restricted cash NA NA 9,819 11,177 20,159
Tenant rent receivables 2,898 3,113 3,123 3,938 4,410
Straight-line rent receivable 48,502 50,930 53,194 54,006 64,111
Prepaid expenses and other assets 5,484 5,231 8,387 10,400 8,868
Related party mortgage loan receivables 118,641 81,780 71,720 70,660 21,265
Other assets - derivative asset 1,132 12,907 13,925 14,765 2,844
Office computers and furniture, net of accumulated depreciation 484 313 289 197 136
Deferred leasing commissions, net of accumulated amortization 28,999 34,697 40,679 47,591 49,781
Total assets 1,919,015 2,088,133 1,990,512 1,898,102 1,843,150

Liabilities and Stockholders' Equity

Liabilities

Bank note payable 290,000 280,000 78,000 25,000 0
Term loans payable, less unamortized financing costs 617,647 765,217 764,901 764,278 765,369
Series A & Series B Senior Notes, less unamortized financing costs NA 0 198,692 198,850 198,974
Accounts payable and accrued expenses 49,489 57,259 61,039 59,183 61,657
Accrued compensation 3,726 3,784 3,641 3,043 3,769
Tenant security deposits 4,829 5,355 5,383 6,319 9,008
Lease liability NA NA NA 0 1,976
Other liabilities - derivative liabilities 8,243 5,551 1,759 0 9,934
Acquired unfavorable real estate leases, less accumulated amortization 9,425 8,923 5,805 3,795 2,810
Total liabilities 983,359 1,126,089 1,119,220 1,060,468 1,053,497

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 10 11 11 11 11
Additional paid-in capital 1,273,556 1,356,457 1,356,457 1,356,457 1,356,457
Accumulated other comprehensive income (loss) (7,111) 5,478 12,166 14,765 (7,090)
Accumulated distributions in excess of accumulated earnings (330,799) (399,902) (497,342) (533,599) (559,725)
Total stockholders' equity 935,656 962,044 871,292 837,634 789,653
Total liabilities and stockholders' equity 1,919,015 2,088,133 1,990,512 1,898,102 1,843,150
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.