v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Buildings and equipment $ 531,207 $ 537,243
Less: accumulated depreciation (224,106) (225,662)
Land 9,497 9,497
Net investment in real estate 316,598 321,078
Assets held for sale   137,441
Investments in unconsolidated ventures 17,367 16,676
Cash and cash equivalents 117,795 77,808
Restricted cash 9,179 9,586
Accounts receivable, net 8,580 7,149
Deferred expenses, net 10,329 3,539
Operating lease right-of-use assets, net 44,250 45,102
Other assets, net 19,201 31,743
Total assets 543,299 650,122
LIABILITIES    
Mortgages payable, net 37,339 38,348
Mortgages payable related to assets held for sale   61,300
Operating lease obligations 56,722 56,527
Accounts payable and other liabilities 35,413 27,540
Total liabilities 129,474 183,715
EQUITY    
Preferred stock, $0.01 par value, 20,000 shares authorized, none issued or outstanding
Common stock, $0.01 par value, 480,000 shares authorized, 12,805 issued and outstanding as of June 30, 2026 and 12,777 issued and outstanding as of December 31, 2025 128 128
Additional paid in capital 626,760 624,781
Accumulated deficit (222,963) (168,402)
Total stockholders' equity 403,925 456,507
Noncontrolling interest in subsidiary 9,900 9,900
Total equity 413,825 466,407
Total liabilities and equity $ 543,299 $ 650,122