v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate properties    
Land and land improvements $ 162,587 $ 154,673
Buildings, improvements, and lease intangibles 1,074,680 1,047,743
Personal property 813 813
Total real estate properties 1,238,080 1,203,229
Less accumulated depreciation (290,958) (280,316)
Total real estate properties, net 947,122 922,913
Cash and cash equivalents 2,617 3,340
Assets held for sale, net 0 5,265
Other assets, net 60,354 59,239
Total assets 1,010,093 990,757
Liabilities    
Debt, net 559,260 532,199
Accounts payable and accrued liabilities 16,431 14,925
Other liabilities, net 13,059 14,246
Total liabilities 588,750 561,370
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 450,000 shares authorized; 28,572 and 28,471 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 286 285
Additional paid-in capital 719,819 717,450
Cumulative net income 93,325 90,777
Accumulated other comprehensive income 7,395 6,691
Cumulative dividends (399,482) (385,816)
Total stockholders’ equity 421,343 429,387
Total liabilities and stockholders' equity $ 1,010,093 $ 990,757