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 6/30/2018 USD 2018 Q2 YTD 6/30/2018 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 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

ASSETS

Real estate investments, at cost

Land 326,696 341,911 376,704 402,318 408,178
Buildings, fixtures and improvements 1,519,558 1,685,919 1,967,930 2,138,405 2,219,486
Construction in progress 9,706 180 0 2,328 2,970
Acquired intangible lease assets 484,079 518,294 587,061 629,626 642,472
Total real estate investments, at cost 2,340,039 2,546,304 2,931,695 3,172,677 3,273,106
Less accumulated depreciation and amortization (42,568) (133,329) (216,055) (339,931) (391,269)
Total real estate investments, net 2,297,471 2,412,975 2,715,640 2,832,746 2,881,837
Cash and cash equivalents 64,684 69,938 69,831 102,425 93,326
Restricted cash 6,104 3,319 7,497 5,302 2,873
Derivative assets, at fair value 13,638 5,812 28,700 2,176 7,568
Investment securities, at fair value 490 NA NA NA NA
Unbilled straight-line rent NA 23,048 30,459 42,739 45,027
Prepaid expenses and other assets 24,873 15,345 17,577 22,617 51,156
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 1,006
Goodwill and other intangible assets, net 3,665 2,988 13,931 22,771 22,443
Deferred financing costs, net 15,270 4,409 1,092 6,774 5,833
Total Assets 2,428,797 2,540,522 2,891,467 3,038,595 3,111,085

LIABILITIES AND EQUITY

Mortgage notes payable, net 281,186 524,262 747,381 984,876 975,929
Revolving credit facilities 659,268 717,286 616,614 298,909 458,880
Mezzanine facility NA 0 NA NA NA
Mezzanine discount, net NA 0 NA NA NA
Mezzanine facility, net of discount NA NA 55,383 NA NA
Term loan, net NA NA 0 229,905 224,510
Mortgage (discount) premium, net 1,165 676 NA NA NA
Acquired intangible lease liabilities, net 21,676 27,978 33,041 31,388 32,787
Derivative liabilities, at fair value 6,115 6,028 15,457 15,791 5,976
Listing note, at fair value 0 NA NA NA NA
Due to related parties 400 399 2,162 829 779
Accounts payable and accrued expenses 14,791 18,659 22,861 23,227 27,152
Prepaid rent 12,252 15,491 18,429 18,535 16,690
Deferred tax liability 3,665 4,016 15,065 15,861 15,511
Taxes payable 901 5,201 9,059 2,475 1,933
Dividends payable 10,709 407 34 2,556 2,341
Total Liabilities 1,012,128 1,320,403 1,535,486 1,624,352 1,762,488
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 2,003
Additional paid-in capital 1,575,592 1,480,162 1,708,541 1,860,058 1,859,990
Accumulated other comprehensive income (5,589) (3,649) (16,695) 19,447 19,116
Accumulated deficit (155,116) (272,812) (346,058) (468,396) (532,566)
Total Stockholders' Equity 1,416,669 1,205,393 1,347,778 1,413,166 1,348,597
Non-controlling interest 0 14,726 8,203 1,077 0
Total Equity 1,416,669 1,220,119 1,355,981 1,414,243 1,348,597
Total Liabilities and Equity 2,428,797 2,540,522 2,891,467 3,038,595 3,111,085
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.