v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Land $ 1,019,831 $ 759,267
Buildings 1,734,945 1,304,288
Fixtures and tenant improvements 131,064 107,013
Total real estate rental property 2,885,840 2,170,568
Less: Accumulated depreciation (255,940) (209,429)
Real estate rental property, net 2,629,900 1,961,139
Construction in progress and land 41,535 27,355
Total real estate assets, net 2,671,435 1,988,494
Cash and cash equivalents 122,833 289,553
Accounts receivable, net 26,673 22,514
Amounts receivable from SITE Centers 6,599 21,457
Intangible assets, net 178,528 137,513
Other assets 27,114 10,259
Total assets 3,033,182 2,469,790
Indebtedness:    
Senior notes, net 347,406 175,086
Term loans, net 248,743 248,153
Revolving credit facility 0 0
Total indebtedness 596,149 423,239
Below-market leases, net 84,437 66,698
Dividends payable 21,798 20,872
Accounts payable and other liabilities 57,605 45,511
Total liabilities 759,989 556,320
Commitments and contingencies (Note 7)
Equity    
Preferred Stock, par value $0.01 per share; 100,000,000 authorized; 0 shares outstanding at September 30, 2026 and December 31, 2025 0 0
Common Stock, par value $0.01 per share; 400,000,000 shares authorized; 121,302,763 and 105,368,120 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,213 1,054
Additional paid-in-capital 2,342,039 1,958,845
Accumulated distributions in excess of net income (85,248) (46,100)
Accumulated other comprehensive income (loss) 7,847 (4,606)
Total stockholders' equity 2,265,851 1,909,193
Non-controlling interests 7,342 4,277
Total equity 2,273,193 1,913,470
Total liabilities and equity $ 3,033,182 $ 2,469,790