v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate, at cost:    
Land and improvements $ 980,178 $ 1,019,967
Buildings and improvements 3,971,356 3,973,514
Construction in progress, including land 186,581 175,673
Real estate, at cost 5,138,115 5,169,154
Less: accumulated depreciation (1,444,854) (1,408,641)
Real estate, net 3,693,261 3,760,513
Cash and cash equivalents 79,780 75,270
Restricted cash 35,075 28,020
Tenant and other receivables 27,079 21,810
Deferred rent receivable 183,731 182,891
Investments in unconsolidated real estate ventures 105,348 105,711
Deferred leasing costs, net 64,972 66,356
Intangible assets, net 29,422 30,333
Other assets, net 117,126 117,287
TOTAL ASSETS 4,335,794 4,388,191
Liabilities:    
Mortgage loans, net 1,580,147 1,579,158
Revolving credit facility 230,000 205,000
Term loans, net 718,620 718,408
Accounts payable and accrued expenses 71,833 84,748
Other liabilities, net 100,479 131,945
Total liabilities 2,701,079 2,719,259
Commitments and contingencies
Redeemable noncontrolling interests 494,820 511,342
Shareholders' equity:    
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Additional paid-in capital 2,335,815 2,338,881
Accumulated deficit (1,199,107) (1,180,410)
Accumulated other comprehensive income (loss) 2,441 (1,613)
Total equity 1,139,895 1,157,590
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 4,335,794 4,388,191
Common shares    
Shareholders' equity:    
Common shares 585 596
Class B Common Shares    
Shareholders' equity:    
Common shares $ 161 $ 136