| CONSOLIDATED BALANCE SHEETS 16 March 31, 2015 December 31, 2014 (In thousands) ASSETS (Unaudited) Investments in real estate—net $ 1,704,408 $ 1,715,937 Cash and cash equivalents 20,382 17,615 Restricted cash 6,820 8,861 Accounts receivable —net 12,049 10,754 Deferred rent receivable and charges—net 96,879 97,630 Other intangible assets—net 19,553 20,433 Other assets 23,407 14,653 Assets held for sale—net 222,224 208,799 TOTAL ASSETS $ 2,105,722 $ 2,094,682 LIABILITIES AND EQUITY LIABILITIES: Debt $ 641,818 $ 608,714 Accounts payable and accrued expenses 31,638 35,512 Intangible liabilities—net 8,002 8,657 Due to related parties 10,469 9,186 Other liabilities 23,120 23,006 Liabilities associated with assets held for sale 49,029 49,791 TOTAL LIABILITIES 764,076 734,866 EQUITY: Common stock, $0.001 par value; 200,000,000 shares authorized; 97,690,863 and 97,688,863 shares issued; and 97,583,598 and 97,581,598 shares outstanding at March 31, 2015 and December 31, 2014, respectively 98 98 Additional paid-in capital 1,824,747 1,824,381 Distributions in excess of earnings (479,237) (460,623) Stockholders’ equity before treasury stock 1,345,608 1,363,856 Less: Treasury stock, at cost, 107,265 shares outstanding (4,901) (4,901) Total stockholders’ equity 1,340,707 1,358,955 Noncontrolling interests 939 861 TOTAL EQUITY 1,341,646 1,359,816 TOTAL LIABILITIES AND EQUITY $ 2,105,722 $ 2,094,682 |