v3.26.1
CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Real estate properties $ 6,137,127 $ 5,989,788
Development and value-add properties [1] 691,516 710,200
Real estate, development and value-add properties 6,828,643 6,699,988
Accumulated depreciation (1,653,367) (1,583,532)
Real estate, net 5,175,276 5,116,456
Unconsolidated investment 6,662 7,007
Cash and cash equivalents 33,382 1,007
Other assets, net 307,546 307,337
TOTAL ASSETS 5,522,866 5,431,807
LIABILITIES    
Unsecured bank credit facilities, net of debt issuance costs (2,095) 16,249
Unsecured debt, net of debt issuance costs 1,611,583 1,611,026
Accounts payable and accrued expenses 205,779 169,945
Other liabilities 132,201 137,999
Total Liabilities 1,947,468 1,935,219
STOCKHOLDERS' EQUITY    
Common shares; $.0001 par value; 70,000,000 shares authorized; 53,761,342 shares issued and outstanding at June 30, 2026 and 53,348,800 at December 31, 2025 5 5
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 4,017,143 3,946,792
Distributions in excess of earning (455,915) (458,953)
Accumulated other comprehensive income 13,762 8,357
Total Stockholders' Equity 3,574,995 3,496,201
Noncontrolling interest in joint ventures 403 387
Total Equity 3,575,398 3,496,588
TOTAL LIABILITIES AND EQUITY $ 5,522,866 $ 5,431,807
BALANCE SHEET PARENTHETICAL DISCLOSURES    
Common shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Common shares, authorized 70,000,000 70,000,000
Common shares, issued 53,761,342 53,348,800
Common shares, outstanding 53,761,342 53,348,800
Excess shares, par value $ 0.0001 $ 0.0001
Excess shares, authorized 30,000,000 30,000,000
Excess Stock, Shares Issued 0 0
[1] Value-add properties are defined in Note 6.