v3.26.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Rental Property:    
Land $ 853,182,000 $ 811,569,000
Buildings and improvements, net of accumulated depreciation of $1,261,591 and $1,119,931, respectively 5,860,763,000 5,593,471,000
Deferred leasing intangibles, net of accumulated amortization of $477,696 and $425,502, respectively 398,436,000 394,967,000
Total rental property, net 7,112,381,000 6,800,007,000
Cash and cash equivalents 12,222,000 14,910,000
Restricted cash 670,000 85,973,000
Tenant accounts receivable 168,240,000 156,458,000
Prepaid expenses and other assets 126,090,000 104,484,000
Interest rate swaps 38,609,000 13,529,000
Operating lease right-of-use assets 46,273,000 32,708,000
Total assets 7,504,485,000 7,208,069,000
Liabilities:    
Unsecured credit facility 463,000,000 262,000,000
Unsecured term loans, net 1,020,550,000 1,021,341,000
Unsecured notes, net 1,918,147,000 1,966,994,000
Mortgage note, net 3,814,000 3,980,000
Accounts payable, accrued expenses and other liabilities 160,134,000 135,397,000
Interest rate swaps 0 1,310,000
Tenant prepaid rent and security deposits 59,344,000 59,225,000
Dividends and distributions payable 76,241,000 24,187,000
Deferred leasing intangibles, net of accumulated amortization of $36,010 and $34,098, respectively 22,781,000 25,566,000
Operating lease liabilities 51,795,000 37,040,000
Total liabilities 3,775,806,000 3,537,040,000
Commitments and contingencies (Note 11)
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]    
Preferred stock 0 0
Common stock, par value $0.01 per share, 300,000,000 shares authorized at September 30, 2026 and December 31, 2025, 192,819,897 and 191,005,261 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,928,000 1,910,000
Additional paid-in capital 4,683,517,000 4,616,888,000
Cumulative dividends in excess of earnings (1,072,893,000) (1,034,954,000)
Accumulated other comprehensive income 37,720,000 11,853,000
Total stockholders’ equity 3,650,272,000 3,595,697,000
Noncontrolling interest in operating partnership 74,417,000 71,342,000
Noncontrolling interest in joint ventures 3,990,000 3,990,000
Total equity 3,728,679,000 3,671,029,000
Total liabilities and equity $ 7,504,485,000 $ 7,208,069,000