v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate:    
Land $ 170,865 $ 171,848
Buildings and improvements, less accumulated depreciation of $335,713 and $331,437, respectively 1,623,478 1,616,905
Total real estate, net 1,794,343 1,788,753
Cash and cash equivalents 30,778 32,288
Real estate related notes receivable, net of current expected credit loss reserve of $205 and $180, respectively 17,116 17,106
Intangible assets, less accumulated amortization of $112,584 and $112,292, respectively 114,709 116,693
Goodwill 17,432 17,635
Right-of-use assets - operating leases 34,613 35,008
Right-of-use assets - finance lease 1,901 1,901
Other assets 85,983 85,119
Total assets 2,096,875 2,094,503
Liabilities:    
Credit facility, net of deferred financing costs of $1,562 and $1,878, respectively 688,438 674,122
Accounts payable and other liabilities 37,844 42,183
Intangible liabilities, less accumulated amortization of $9,254 and $8,939, respectively 5,495 5,810
Operating lease liabilities 40,450 41,013
Finance lease liabilities 69 77
Total liabilities 772,296 763,205
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value per share, 510,000,000 shares authorized; 62,066,544 and 61,939,043 shares issued, respectively; 54,954,347 and 54,876,558 shares outstanding, respectively 550 549
Additional paid-in capital 1,994,960 1,994,960
Distributions in excess of accumulated earnings (672,956) (663,197)
Accumulated other comprehensive income (loss) 2,025 (1,014)
Total stockholders’ equity 1,324,579 1,331,298
Total liabilities and stockholders’ equity $ 2,096,875 $ 2,094,503