v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate properties    
Land $ 1,055,183 $ 1,060,254
Buildings and improvements 8,696,204 8,514,165
Lease intangibles 412,116 455,254
Personal property 7,515 7,056
Investment in financing receivable, net 6,003 123,249
Financing lease right-of-use assets 74,273 75,083
Land held for development 52,942 57,535
Total real estate properties 10,304,236 10,292,596
Less accumulated depreciation and amortization (2,559,332) (2,397,795)
Total real estate properties, net 7,744,904 7,894,801
Cash and cash equivalents 18,987 26,172
Assets held for sale, net 95,895 143,580
Operating lease right-of-use assets 201,916 204,906
Investments in unconsolidated joint ventures 457,033 453,607
Other assets, net 482,416 487,795
Total assets 9,001,151 9,210,861
Liabilities    
Notes and bonds payable 4,166,944 3,911,423
Accounts payable and accrued liabilities 159,728 211,071
Liabilities of assets held for sale 14,099 15,160
Operating lease liabilities 161,462 162,922
Financing lease liabilities 74,099 73,130
Other liabilities 151,845 160,530
Total liabilities 4,728,177 4,534,236
Commitments and contingencies
Redeemable non-controlling interests 3,435 3,252
Stockholders' equity    
Preferred stock, $.01 par value per share; 200,000 shares authorized; none issued and outstanding 0 0
Class A Common stock, $.01 par value per share; 1,000,000 shares authorized; 342,720 and 351,603 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 3,427 3,516
Additional paid-in capital 8,940,542 9,137,257
Accumulated other comprehensive income (loss) 1,598 (5,174)
Cumulative net income attributable to common stockholders 84,668 128,238
Cumulative dividends (4,813,087) (4,646,944)
Total stockholders' equity 4,217,148 4,616,893
Non-controlling interest 52,391 56,480
Total equity 4,269,539 4,673,373
Total liabilities, redeemable non-controlling interests, and stockholders' equity $ 9,001,151 $ 9,210,861