v3.26.3
CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Real estate properties $ 6,272,405,000 $ 5,989,788,000
Development and value-add properties [1] 779,484,000 710,200,000
Real estate, development and value-add properties 7,051,889,000 6,699,988,000
Accumulated depreciation (1,698,974,000) (1,583,532,000)
Real estate, net 5,352,915,000 5,116,456,000
Unconsolidated investment 6,539,000 7,007,000
Cash and cash equivalents 284,000 1,007,000
Restricted Cash 82,970,000 0
Other assets, net 334,366,000 307,337,000
TOTAL ASSETS 5,777,074,000 5,431,807,000
LIABILITIES    
Unsecured bank credit facilities, net of debt issuance costs 194,692,000 16,249,000
Unsecured debt, net of debt issuance costs 1,611,864,000 1,611,026,000
Accounts payable and accrued expenses 262,660,000 169,945,000
Other liabilities 135,346,000 137,999,000
Total Liabilities 2,204,562,000 1,935,219,000
STOCKHOLDERS' EQUITY    
Common shares; $.0001 par value; 70,000,000 shares authorized; 53,773,403 shares issued and outstanding at September 30, 2026 and 53,348,800 at December 31, 2025 5,000 5,000
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 4,020,725,000 3,946,792,000
Distributions in excess of earning (471,910,000) (458,953,000)
Accumulated other comprehensive income 23,289,000 8,357,000
Total Stockholders' Equity 3,572,109,000 3,496,201,000
Noncontrolling interest in joint ventures 403,000 387,000
Total Equity 3,572,512,000 3,496,588,000
TOTAL LIABILITIES AND EQUITY $ 5,777,074,000 $ 5,431,807,000
BALANCE SHEET PARENTHETICAL DISCLOSURES    
Common shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Common shares, authorized 70,000,000 70,000,000
Common shares, issued 53,773,403 53,348,800
Common shares, outstanding 53,773,403 53,348,800
Excess shares, par value $ 0.0001 $ 0.0001
Excess shares, authorized 30,000,000 30,000,000
Excess Stock, Shares Issued 0 0
[1] Value-add properties are defined in Note 6.