v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate assets:    
Operating properties, net of accumulated depreciation of $1,944,115 and $1,922,394 in 2026 and 2025, respectively $ 7,872,060 $ 7,894,846
Land 135,869 135,870
Total properties 8,007,929 8,030,716
Real estate assets and other assets held for sale, net 223,586 61,489
Cash and cash equivalents 6,699 5,720
Investments in real estate debt, at fair value 19,586 37,804
Accounts receivable 15,608 17,578
Deferred rents receivable 276,351 269,282
Investments in unconsolidated joint ventures 212,792 215,301
Intangible assets, net 175,884 164,738
Other assets, net 102,438 87,504
Total assets 9,040,873 8,890,132
Liabilities:    
Notes payable 3,732,064 3,340,815
Accounts payable and accrued expenses 294,261 314,317
Deferred income 286,872 301,358
Intangible liabilities, net 121,790 117,085
Other liabilities 106,583 111,506
Liabilities of real estate assets held for sale, net 7,736 2,849
Total liabilities 4,549,306 4,187,930
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 164,602,058 and 167,981,990 issued and outstanding in 2026 and 2025, respectively 164,602 167,982
Additional paid-in capital 5,886,169 5,971,762
Distributions in excess of cumulative net income (1,567,095) (1,460,154)
Total stockholders' investment 4,483,676 4,679,590
Nonredeemable noncontrolling interests 7,891 22,612
Total equity 4,491,567 4,702,202
Total liabilities and equity $ 9,040,873 $ 8,890,132