v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Real estate portfolio, net of accumulated depreciation and amortization $ 8,898,036 $ 8,746,168
Cash and cash equivalents 5,097 8,731
Restricted cash and cash held in escrow 427 331
Receivables, net of allowance of $679 and $617, respectively 3,577 2,975
Accrued rental income, net of allowance of $3,311 and $4,156, respectively 34,245 34,005
Debt costs, net of accumulated amortization of $27,725 and $27,002, respectively 8,288 8,958
Other assets 72,048 71,560
Total assets 9,021,718 8,872,728
Liabilities:    
Line of credit payable 116,300 0
Notes payable, net of unamortized discount and unamortized debt costs 4,375,337 4,373,803
Accrued interest payable 74,698 29,699
Other liabilities 98,896 106,951
Total liabilities 4,665,231 4,510,453
Stockholders’ equity:    
Common stock, $0.01 par value. Authorized 375,000,000 shares; 187,950,480 and 187,540,929 shares issued and outstanding, respectively 1,881 1,877
Capital in excess of par value 5,203,561 5,197,644
Accumulated deficit (841,164) (829,287)
Accumulated other comprehensive income (loss) (7,791) (7,959)
Total equity 4,356,487 4,362,275
Total liabilities and equity $ 9,021,718 $ 8,872,728