| Real estate properties, net |
|
|
|
|
|
|
|
|
|
| Deferred rent receivable |
|
|
|
|
|
|
|
|
|
| Future tax assets |
|
|
|
|
|
|
|
|
|
|
Fixed assets, net
|
|
|
|
|
|
|
|
|
|
|
Other assets
|
|
|
|
|
|
|
|
|
|
|
Total non-current assets
|
|
|
|
|
|
|
|
|
|
| Current portion of note receivable |
|
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
|
|
|
|
|
|
|
|
| Income taxes receivable |
|
|
|
|
|
|
|
|
|
| Prepaid expenses and other |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
| Restricted cash |
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
|
|
|
|
|
|
|
| Senior unsecured debentures, net |
|
|
|
|
|
|
|
|
|
| Future tax liabilities |
|
|
|
|
|
|
|
|
|
| Deferred revenue |
|
|
|
|
|
|
|
|
|
|
Total non-current liabilities
|
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities
|
|
|
|
|
|
|
|
|
|
| Income taxes payable |
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
|
|
|
|
|
|
|
| Common Shares (Shares issued - 46,833; December 31, 2011 - 46,871) |
|
|
|
|
|
|
|
|
|
| Contributed surplus |
|
|
|
|
|
|
|
|
|
|
Deficit
|
|
|
|
|
|
|
|
|
|
| Accumulated other comprehensive loss |
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders' equity
|
|
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
|
| Non-current assets: |
|
|
|
|
|
|
|
|
|
| Investment properties |
|
|
|
|
|
|
|
|
|
| Construction funds in escrow |
|
|
|
|
|
|
|
|
|
| Acquisition deposits |
|
|
|
|
|
|
|
|
|
| Deferred tax assets |
|
|
|
|
|
|
|
|
|
| Cross currency interest rate swaps |
|
|
|
|
|
|
|
|
|
| Fixed assets, net |
|
|
|
|
|
|
|
|
|
| Derivatives |
|
|
|
|
|
|
|
|
|
| Loan receivable |
|
|
|
|
|
|
|
|
|
| Other assets |
|
|
|
|
|
|
|
|
|
| Total non-current assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets: |
|
|
|
|
|
|
|
|
|
| Other receivable |
|
|
|
|
|
|
|
|
|
| Assets held for sale |
|
|
|
|
|
|
|
|
|
| Derivative |
|
|
|
|
|
|
|
|
|
| Loan receivable |
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
|
|
|
|
|
|
|
|
| Income taxes receivable |
|
|
|
|
|
|
|
|
|
| Prepaid expenses and other |
|
|
|
|
|
|
|
|
|
| Restricted cash |
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
|
|
|
|
|
|
|
|
| LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
| Non-current liabilities: |
|
|
|
|
|
|
|
|
|
| Unsecured debentures, net |
|
|
|
|
|
|
|
|
|
| Cross currency interest rate swaps |
|
|
|
|
|
|
|
|
|
| Unsecured debt, net |
|
|
|
|
|
|
|
|
|
| Derivatives |
|
|
|
|
|
|
|
|
|
| Secured debt |
|
|
|
|
|
|
|
|
|
| Long-term portion of lease obligations |
|
|
|
|
|
|
|
|
|
| Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
| Total non-current liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
|
|
| Other liability |
|
|
|
|
|
|
|
|
|
| Cross currency interest rate swaps |
|
|
|
|
|
|
|
|
|
| Bank indebtedness |
|
|
|
|
|
|
|
|
|
| Unsecured debt, net |
|
|
|
|
|
|
|
|
|
| Derivative |
|
|
|
|
|
|
|
|
|
| Secured debt |
|
|
|
|
|
|
|
|
|
| Deferred revenue |
|
|
|
|
|
|
|
|
|
| Accounts payable and accrued liabilities |
|
|
|
|
|
|
|
|
|
| Distributions payable |
|
|
|
|
|
|
|
|
|
| Short-term portion of lease obligations |
|
|
|
|
|
|
|
|
|
| Income taxes payable |
|
|
|
|
|
|
|
|
|
|
|
|
| Total liabilities |
|
|
|
|
|
|
|
|
|
| Equity: |
|
|
|
|
|
|
|
|
|
| Unitholders’ equity |
|
|
|
|
|
|
|
|
|
| Non-controlling interests |
|
|
|
|
|
|
|
|
|
| Total equity |
|
|
|
|
|
|
|
|
|
| Total liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|