Prepaid Expenses and Other Current Assets and Other Assets

6 Months Ended

Jun. 30, 2026

5.PREPAID EXPENSES AND OTHER CURRENT ASSETS AND OTHER ASSETS

The Company’s prepaid expenses and other current assets are comprised of the following:



	As of		As of
	June 30, 2026		December 31, 2025

		(in thousands)
Short-term investments	$	28,886	$	6,648
Short-term loans receivable ⁽¹⁾		64,022		63,779
Prepaid real estate taxes		2,445		3,815
Interest receivable		3,232		611
Prepaid insurance		2,628		1,778
Prepaid taxes		33,584		26,736
Prepaid ground rent		5,511		3,586
Other current assets		47,853		34,698
Total prepaid expenses and other current assets	$	188,161	$	141,651

The Company’s other assets are comprised of the following:



	As of		As of
	June 30, 2026		December 31, 2025

		(in thousands)
Straight-line rent receivable	$	436,784	$	424,627
Interest rate swap asset ⁽²⁾		18,986		6,445
Loans receivable		10,178		3,661
Deferred lease costs, net		10,139		9,967
Deferred tax asset - long-term		33,661		35,716
Long-term investments		22,827		21,053
Other		120,307		150,524
Total other assets	$	652,882	$	651,993

(1)Amounts as of June 30, 2026 and December 31, 2025 include a $56.6 million third-party loan that matures in November 2026.

(2)Refer to Note 17 for more information on the Company’s interest rate swaps.