v3.25.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Rental Property:    
Land $ 776,387,000 $ 771,794,000
Buildings and improvements, net of accumulated depreciation of $1,129,346 and $1,085,866, respectively 5,311,777,000 5,295,120,000
Deferred leasing intangibles, net of accumulated amortization of $386,560 and $386,627, respectively 412,441,000 428,865,000
Total rental property, net 6,500,605,000 6,495,779,000
Cash and cash equivalents 9,327,000 36,284,000
Restricted cash 38,726,000 1,109,000
Tenant accounts receivable 141,919,000 136,357,000
Prepaid expenses and other assets 100,387,000 96,189,000
Interest rate swaps 26,261,000 36,466,000
Operating lease right-of-use assets 30,634,000 31,151,000
Total assets 6,847,859,000 6,833,335,000
Liabilities:    
Unsecured credit facility 512,000,000 409,000,000
Unsecured term loans, net 1,022,185,000 1,021,848,000
Unsecured notes, net 1,494,303,000 1,594,092,000
Mortgage note, net 4,142,000 4,195,000
Accounts payable, accrued expenses and other liabilities 120,744,000 126,811,000
Interest rate swaps 783,000 0
Tenant prepaid rent and security deposits 60,320,000 56,173,000
Dividends and distributions payable 23,668,000 23,469,000
Deferred leasing intangibles, net of accumulated amortization of $31,692 and $31,368, respectively 31,229,000 33,335,000
Operating lease liabilities 34,833,000 35,304,000
Total liabilities 3,304,207,000 3,304,227,000
Commitments and contingencies (Note 11)
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]    
Preferred stock 0 0
Common stock, par value $0.01 per share, 300,000,000 shares authorized at March 31, 2025 and December 31, 2024, 186,612,226 and 186,517,523 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,866,000 1,865,000
Additional paid-in capital 4,448,147,000 4,449,964,000
Cumulative dividends in excess of earnings (1,007,891,000) (1,029,757,000)
Accumulated other comprehensive income 24,829,000 35,579,000
Total stockholders’ equity 3,466,951,000 3,457,651,000
Noncontrolling interest in operating partnership 74,302,000 69,932,000
Noncontrolling interest in joint ventures 2,399,000 1,525,000
Total equity 3,543,652,000 3,529,108,000
Total liabilities and equity $ 6,847,859,000 $ 6,833,335,000