v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment properties    
Land $ 745,227 $ 702,147
Building and other improvements 2,472,966 2,295,852
Construction in progress 12,417 7,473
Total 3,230,610 3,005,472
Less accumulated depreciation (570,912) (525,830)
Net investment properties 2,659,698 2,479,642
Cash, cash equivalents, and restricted cash 74,904 40,518
Intangible assets, net 217,591 193,963
Accounts and rents receivable 39,631 37,471
Deferred costs and other assets, net 42,631 37,053
Total assets 3,034,455 2,788,647
Liabilities    
Debt, net 1,094,796 825,881
Accounts payable and accrued expenses 46,581 48,291
Distributions payable 19,492 18,450
Intangible liabilities, net 75,775 68,475
Other liabilities 32,129 33,288
Total liabilities 1,268,773 994,385
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding 0 0
Common stock, $0.001 par value, 146,000,000 shares authorized, 77,966,461 shares issued and outstanding as of June 30, 2026 and 77,691,533 shares issued and outstanding as of December 31, 2025 78 78
Additional paid-in capital 5,735,928 5,736,652
Distributions in excess of accumulated net income (3,979,652) (3,947,229)
Accumulated comprehensive income 9,328 4,761
Total stockholders' equity 1,765,682 1,794,262
Total liabilities and stockholders' equity $ 3,034,455 $ 2,788,647