v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Investment in real estate:    
Land and improvements $ 1,988,992 $ 1,963,735
Building and improvements 4,467,013 4,305,174
In-place lease assets 543,721 538,324
Above-market lease assets 82,600 77,551
Total investment in real estate assets 7,082,326 6,884,784
Accumulated depreciation and amortization (2,026,479) (1,957,569)
Net investment in real estate assets 5,055,847 4,927,215
Investment in unconsolidated joint ventures 47,252 42,561
Total investment in real estate assets, net 5,103,099 4,969,776
Cash and cash equivalents 8,903 3,544
Restricted cash 9,018 39,768
Goodwill 29,066 29,066
Other assets, net 248,820 244,284
Real estate investments and other assets held for sale 152,148 0
Total assets 5,551,054 5,286,438
Liabilities:    
Debt obligations, net 2,521,454 2,375,328
Below-market lease liabilities, net 138,387 118,356
Accounts payable and other liabilities 153,103 180,332
Deferred income 32,733 23,044
Liabilities of real estate investments held for sale 6,083 0
Total liabilities 2,851,760 2,697,060
Commitments and contingencies (see Note 8) 0 0
Equity:    
Preferred stock, $0.01 par value per share, 10,000 shares authorized, zero shares issued and outstanding at September 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value per share, 1,000,000 shares authorized, 128,912 and 125,788 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,289 1,258
Additional paid-in capital (“APIC”) 3,778,531 3,664,205
Accumulated other comprehensive income (“AOCI”) 181 358
Accumulated deficit (1,370,225) (1,379,252)
Total stockholders’ equity 2,409,776 2,286,569
Noncontrolling interests 289,518 302,809
Total equity 2,699,294 2,589,378
Total liabilities and equity $ 5,551,054 $ 5,286,438