2015 Q2 Form 10-Q Financial Statement

#000148251215000038 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $151.8M $62.13M
YoY Change 144.36% 31.1%
Cost Of Revenue $51.80M $24.40M
YoY Change 112.3% 18.45%
Gross Profit $100.1M $37.70M
YoY Change 165.52% 40.67%
Gross Profit Margin 65.93% 60.68%
Selling, General & Admin $10.40M $6.600M
YoY Change 57.58% 26.92%
% of Gross Profit 10.39% 17.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.59M $17.94M
YoY Change 310.12% 24.77%
% of Gross Profit 73.52% 47.6%
Operating Expenses $83.90M $24.50M
YoY Change 242.45% 25.0%
Operating Profit $16.09M $13.20M
YoY Change 21.97% 80.41%
Interest Expense $14.11M $6.445M
YoY Change 118.98% 11.85%
% of Operating Profit 87.69% 48.84%
Other Income/Expense, Net -$40.00K $0.00
YoY Change
Pretax Income -$36.10M $6.700M
YoY Change -638.81% 509.09%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$25.24M $3.365M
YoY Change -850.16% -154.41%
Net Earnings / Revenue -16.63% 5.42%
Basic Earnings Per Share
Diluted Earnings Per Share -$389.7K $102.3K
COMMON SHARES
Basic Shares Outstanding 88.89M shares 66.49M shares
Diluted Shares Outstanding 88.89M shares 69.42M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.30M $32.80M
YoY Change 22.87% -65.94%
Cash & Equivalents $40.33M $32.80M
Short-Term Investments
Other Short-Term Assets $21.90M $5.000M
YoY Change 338.0% -77.88%
Inventory
Prepaid Expenses
Receivables $59.40M $37.60M
Other Receivables $28.50M $0.00
Total Short-Term Assets $150.1M $75.40M
YoY Change 99.07% -41.6%
LONG-TERM ASSETS
Property, Plant & Equipment $5.729B $2.005B
YoY Change 185.67% 32.73%
Goodwill $8.754M $8.754M
YoY Change 0.0% 0.0%
Intangibles $381.4M $107.9M
YoY Change 253.39% 21.4%
Long-Term Investments
YoY Change
Other Assets $35.70M $37.60M
YoY Change -5.05% -58.86%
Total Long-Term Assets $6.163B $2.160B
YoY Change 185.38% 27.03%
TOTAL ASSETS
Total Short-Term Assets $150.1M $75.40M
Total Long-Term Assets $6.163B $2.160B
Total Assets $6.313B $2.235B
YoY Change 182.47% 22.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.20M $20.30M
YoY Change 270.44% 16.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.30M $26.10M
YoY Change 268.97% 12.5%
LONG-TERM LIABILITIES
Long-Term Debt $2.119B $852.5M
YoY Change 148.59% 33.81%
Other Long-Term Liabilities $149.7M $58.50M
YoY Change 155.9% 1.39%
Total Long-Term Liabilities $2.269B $911.0M
YoY Change 149.06% 31.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.30M $26.10M
Total Long-Term Liabilities $2.269B $911.0M
Total Liabilities $2.365B $937.1M
YoY Change 152.4% 32.82%
SHAREHOLDERS EQUITY
Retained Earnings -$40.77M -$40.35M
YoY Change 1.03% 2.21%
Common Stock $890.0K $668.0K
YoY Change 33.23% 17.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.847B $1.190B
YoY Change
Total Liabilities & Shareholders Equity $6.313B $2.235B
YoY Change 182.47% 22.19%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$25.24M $3.365M
YoY Change -850.16% -154.41%
Depreciation, Depletion And Amortization $73.59M $17.94M
YoY Change 310.12% 24.77%
Cash From Operating Activities $36.50M $16.50M
YoY Change 121.21% 3.77%
INVESTING ACTIVITIES
Capital Expenditures -$1.804B -$26.40M
YoY Change 6731.82% -9.28%
Acquisitions
YoY Change
Other Investing Activities $259.5M $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.544B -$26.40M
YoY Change 5748.48% -46.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.300B 13.60M
YoY Change 9459.56% -213.33%
NET CHANGE
Cash From Operating Activities 36.50M 16.50M
Cash From Investing Activities -1.544B -26.40M
Cash From Financing Activities 1.300B 13.60M
Net Change In Cash -207.4M 3.700M
YoY Change -5705.41% -108.19%
FREE CASH FLOW
Cash From Operating Activities $36.50M $16.50M
Capital Expenditures -$1.804B -$26.40M
Free Cash Flow $1.840B $42.90M
YoY Change 4189.28% -4.67%

Facts In Submission

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CY2014 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
113580000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
3864977000 USD
CY2014Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
113580000 USD
CY2015Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
3864977000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30356000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32797000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17753000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40327000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2441000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22574000 USD
CY2014Q2 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-812000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-1364000 USD
CY2014 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-1499000 USD
CY2015Q2 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
9650000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
9025000 USD
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
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0.125
us-gaap Common Stock Dividends Per Share Declared
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0.250
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
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0.125
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
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490000000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
490000000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
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66797816 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
89078401 shares
CY2014Q4 us-gaap Common Stock Value
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668000 USD
CY2015Q2 us-gaap Common Stock Value
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890000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
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2581000 USD
us-gaap Comprehensive Income Net Of Tax
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3309000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19338000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-733000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
48934000 USD
us-gaap Costs And Expenses
CostsAndExpenses
93310000 USD
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
135725000 USD
us-gaap Costs And Expenses
CostsAndExpenses
185223000 USD
CY2015Q2 us-gaap Debt Instrument Carrying Amount
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2116974000 USD
CY2014Q4 us-gaap Deferred Finance Costs Net
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8723000 USD
CY2015Q2 us-gaap Deferred Finance Costs Net
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18384000 USD
CY2014Q4 us-gaap Deferred Rent Receivables Net
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33006000 USD
CY2015Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47137000 USD
CY2014Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17944000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34612000 USD
CY2015Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73592000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90750000 USD
CY2014Q4 us-gaap Derivative Assets
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3000 USD
CY2015Q2 us-gaap Derivative Assets
DerivativeAssets
8689000 USD
CY2014Q4 us-gaap Derivative Liabilities
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1750000 USD
CY2015Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1766000 USD
CY2014Q4 us-gaap Development In Process
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135850000 USD
CY2015Q2 us-gaap Development In Process
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124582000 USD
CY2014 us-gaap Dividends
Dividends
47110000 USD
us-gaap Dividends
Dividends
34583000 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
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0.05
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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46751000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
85234000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
148774000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
466604000 USD
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102023000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
381370000 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
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13721000 USD
CY2015Q2 us-gaap Furniture And Fixtures Gross
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9952000 USD
CY2014Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
CY2015Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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-591000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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22100000 USD
CY2014Q2 us-gaap General And Administrative Expense
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6579000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12355000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10373000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19573000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
8754000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
8754000 USD
CY2014Q4 us-gaap Ground Leases Gross
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0 USD
CY2015Q2 us-gaap Ground Leases Gross
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1095000 USD
CY2014Q2 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
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6749000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
11348000 USD
CY2015Q2 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
-35492000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
-33609000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6749000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
11348000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-36083000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-11509000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.05
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.07
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-0.28
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-60000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-126000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2550000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
21838000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26000 USD
us-gaap Increase Decrease In Accounts Receivable
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-3610000 USD
us-gaap Increase Decrease In Deferred Revenue
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13843000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
39000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13859000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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932000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
236000 USD
us-gaap Increase Decrease In Security Deposits
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-138000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
14517000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
102023000 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
381370000 USD
CY2014Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
400000 USD
CY2014Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1700000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3300000 USD
CY2015Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3000000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
6445000 USD
us-gaap Interest Expense
InterestExpense
12969000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
14113000 USD
us-gaap Interest Expense
InterestExpense
19606000 USD
us-gaap Interest Paid Net
InterestPaidNet
15694000 USD
us-gaap Interest Paid Net
InterestPaidNet
32107000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1284602000 USD
CY2015Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4103152000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
11000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
20000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
48000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
101000 USD
CY2014Q4 us-gaap Land
Land
620805000 USD
CY2015Q2 us-gaap Land
Land
1399207000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
1055693000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
2365207000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2340885000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6313130000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
43214000 USD
CY2015Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
275000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
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28500000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
28268000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
28476000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
960508000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-104000 USD
us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
6390000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1893000 USD
CY2015Q2 us-gaap Long Term Debt
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2119157000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3395000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
69000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
138000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
80000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
150000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3195000 USD
us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
6395000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3195000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
3365000 USD
us-gaap Net Income Loss
NetIncomeLoss
4625000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-25243000 USD
us-gaap Net Income Loss
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-6032000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-61000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2885000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
197882000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
680351000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
118599000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2287000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2842000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1424000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93636000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1707060000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-127086000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-1748037000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35891000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63551000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
1814936000 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
918059000 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
2119157000 USD
CY2014Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
969259000 USD
CY2015Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2125481000 USD
CY2014Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
28268000 USD
CY2015Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
28528000 USD
CY2014Q4 us-gaap Off Market Lease Unfavorable
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40969000 USD
CY2015Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
125795000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13195000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
24415000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16094000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
29420000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable
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2324099000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable Current
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229199000 USD
us-gaap Payments Of Debt Issuance Costs
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-52000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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252011000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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291505000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
354142000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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429349000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1364000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-9025000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5877000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9858000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26433000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2484000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-213000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
3508000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2313000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2856000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
183000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
9816000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1547000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
791000 USD
CY2014Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
12000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
13000 USD
CY2015Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
40000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-1000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
51506000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
69621000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1834000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
12933000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
298000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17355000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28511000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6395000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6390000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
653000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4754000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
113580000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1764596000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
75580000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1764596000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6692000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
21853000 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
217795000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
385600000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
197468000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1368155000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
385589000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
92787000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1531000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1424000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
87680000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
6689000 USD
us-gaap Profit Loss
ProfitLoss
11222000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-36083000 USD
us-gaap Profit Loss
ProfitLoss
-11509000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
121000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
391000 USD
CY2014Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
68534000 USD
CY2015Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
134657000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
181163000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2171295000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5909672000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2036638000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5728509000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62129000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
117725000 USD
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
151819000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
214643000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
10177000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
10177000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
170439000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
208633000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14244000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17319000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34884000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-40766000 USD
CY2014Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
6257000 USD
CY2015Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
21100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3255000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4152000 USD
CY2015Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
31.75
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11000000 shares
CY2015Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6037500 shares
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
197468000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
385589000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
285445000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3129000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1834000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1179174000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
1847068000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1102866000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1275015000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3937746000 USD
us-gaap Straight Line Rent
StraightLineRent
7294000 USD
us-gaap Straight Line Rent
StraightLineRent
14789000 USD
CY2014Q4 us-gaap Tenant Improvements
TenantImprovements
116317000 USD
CY2015Q2 us-gaap Tenant Improvements
TenantImprovements
272779000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88894258 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82906087 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69421621 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67997167 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66485639 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65063596 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88894258 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82906087 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, its accrued liabilities, and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions, and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates.</font></div></div>

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0001482512-15-000038.txt Edgar Link pending
0001482512-15-000038-xbrl.zip Edgar Link pending
exhibit1091nonemployeecomp.htm Edgar Link pending
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