Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.3.0.814
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Assets    
Land $ 572,880 $ 543,546
Income producing property 2,074,425 1,927,407
Real estate investment property, at cost 2,647,305 2,470,953
Accumulated depreciation and amortization (677,480) (640,434)
Net income producing property 1,969,825 1,830,519
Properties under development or held for future development 35,256 76,235
Total real estate held for investment, net 2,005,081 1,906,754
Investment in real estate sold or held for sale, net 5,010 0
Cash and cash equivalents 21,012 15,827
Restricted cash 12,544 10,299
Rents and other receivables, net of allowance for doubtful accounts of $2,945 and $3,392, respectively 62,306 59,745
Prepaid expenses and other assets 122,629 121,082
Other assets related to properties sold or held for sale 278 0
Total assets 2,228,860 2,113,707
Liabilities    
Notes payable 747,540 747,208
Mortgage notes payable 419,293 418,525
Lines of credit 195,000 50,000
Accounts payable and other liabilities 54,131 54,318
Advance rents 10,766 12,528
Tenant security deposits 9,225 8,899
Liabilities related to properties sold or held for sale 329 0
Total liabilities 1,436,284 1,291,478
Shareholders’ equity    
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding 0 0
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 68,180 and 67,819 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 682 678
Additional paid in capital 1,192,202 1,184,395
Distributions in excess of net income (399,421) (365,518)
Accumulated other comprehensive loss (2,288) 0
Total shareholders’ equity 791,175 819,555
Noncontrolling interests in subsidiaries 1,401 2,674
Total equity 792,576 822,229
Total liabilities and equity $ 2,228,860 $ 2,113,707