As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

ASSETS

Real estate investments, at cost

Land 326,696 341,911 376,704 402,318 411,339
Buildings, fixtures and improvements 1,519,558 1,685,919 1,967,930 2,138,405 2,289,697
Construction in progress 9,706 180 0 2,328 527
Acquired intangible lease assets 484,079 518,294 587,061 629,626 656,361
Total real estate investments, at cost 2,340,039 2,546,304 2,931,695 3,172,677 3,357,924
Less accumulated depreciation and amortization (42,568) (133,329) (216,055) (339,931) (420,913)
Total real estate investments, net 2,297,471 2,412,975 2,715,640 2,832,746 2,937,011
Cash and cash equivalents 64,684 69,938 69,831 102,425 155,188
Restricted cash 6,104 3,319 7,497 5,302 3,491
Derivative assets, at fair value 13,638 5,812 28,700 2,176 10,442
Investment securities, at fair value 490 NA NA NA NA
Unbilled straight-line rent NA 23,048 30,459 42,739 46,227
Prepaid expenses and other assets 24,873 15,345 17,577 22,617 34,395
Related party notes receivable acquired in Merger NA 0 5,138 NA NA
Due from related parties 500 136 16 16 16
Deferred tax assets 2,102 2,552 1,586 1,029 999
Goodwill and other intangible assets, net 3,665 2,988 13,931 22,771 22,357
Deferred financing costs, net 15,270 4,409 1,092 6,774 6,932
Total Assets 2,428,797 2,540,522 2,891,467 3,038,595 3,217,058

LIABILITIES AND EQUITY

Mortgage notes payable, net 281,186 524,262 747,381 984,876 974,515
Mortgage (discount) premium, net 1,165 676 NA NA NA
Revolving credit facility 659,268 717,286 616,614 298,909 455,556
Mezzanine facility NA 0 NA NA NA
Mezzanine discount, net NA 0 NA NA NA
Term loan, net NA NA 0 229,905 282,463
Mezzanine facility, net NA NA 55,383 NA NA
Acquired intangible lease liabilities, net 21,676 27,978 33,041 31,388 32,118
Derivative liabilities, at fair value 6,115 6,028 15,457 15,791 3,071
Listing note, at fair value 0 NA NA NA NA
Due to related parties 400 399 2,162 829 782
Accounts payable and accrued expenses 14,791 18,659 22,861 23,227 26,369
Prepaid rent 12,252 15,491 18,429 18,535 17,258
Deferred tax liability 3,665 4,016 15,065 15,861 15,417
Taxes payable 901 5,201 9,059 2,475 925
Dividends payable 10,709 407 34 2,556 2,638
Total Liabilities 1,012,128 1,320,403 1,535,486 1,624,352 1,811,112
Commitments and contingencies NA NA 0 0 0

Stockholders' Equity

Series A cumulative redeemable preferred shares 0 0 0 54 54
Common Stock 1,782 1,692 1,990 2,003 2,051
Additional paid-in capital 1,575,592 1,480,162 1,708,541 1,860,058 1,954,264
Accumulated other comprehensive income (5,589) (3,649) (16,695) 19,447 17,102
Accumulated deficit (155,116) (272,812) (346,058) (468,396) (569,448)
Total Stockholders' Equity 1,416,669 1,205,393 1,347,778 1,413,166 1,404,023
Non-controlling interest 0 14,726 8,203 1,077 1,923
Total Equity 1,416,669 1,220,119 1,355,981 1,414,243 1,405,946
Total Liabilities and Equity 2,428,797 2,540,522 2,891,467 3,038,595 3,217,058
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.