v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate assets:    
Operating properties, net of accumulated depreciation of $1,778,668 and $1,627,251 in 2025 and 2024, respectively $ 7,747,297 $ 7,785,597
Land 154,725 154,726
Total properties 7,902,022 7,940,323
Cash and cash equivalents 416,840 7,349
Investments in real estate debt, at fair value 17,014 167,219
Accounts receivable 10,800 11,491
Deferred rents receivable 255,119 232,078
Investment in unconsolidated joint ventures 192,420 185,478
Intangible assets, net 159,156 171,989
Other assets, net 98,492 86,219
Total assets 9,051,863 8,802,146
Liabilities:    
Notes payable 3,476,761 3,095,666
Accounts payable and accrued expenses 278,212 337,248
Deferred income 288,391 277,132
Intangible liabilities, net 104,223 111,221
Other liabilities 103,123 110,712
Total liabilities 4,250,710 3,931,979
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 167,967,656 and 167,660,480 issued and outstanding in 2025 and 2024, respectively 167,968 167,660
Additional paid-in capital 5,965,497 5,959,670
Distributions in excess of cumulative net income (1,355,394) (1,280,547)
Accumulated other comprehensive loss 0 (105)
Total stockholders' investment 4,778,071 4,846,678
Nonredeemable noncontrolling interests 23,082 23,489
Total equity 4,801,153 4,870,167
Total liabilities and equity $ 9,051,863 $ 8,802,146