v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate assets:    
Operating properties, net of accumulated depreciation of $2,032,122 and $1,922,394 in 2026 and 2025, respectively $ 7,846,848 $ 7,894,846
Land 201,783 135,870
Total properties 8,048,631 8,030,716
Real estate assets and other assets held for sale, net 23,257 61,489
Cash and cash equivalents 5,213 5,720
Investments in real estate debt, at fair value 19,586 37,804
Accounts receivable 20,070 17,578
Deferred rents receivable 282,422 269,282
Investments in unconsolidated joint ventures 195,700 215,301
Intangible assets, net 169,039 164,738
Other assets, net 116,826 87,504
Total assets 8,880,744 8,890,132
Liabilities:    
Notes payable 3,579,763 3,340,815
Accounts payable and accrued expenses 307,010 314,317
Deferred income 287,883 301,358
Intangible liabilities, net 117,826 117,085
Other liabilities 129,637 111,506
Liabilities of real estate assets held for sale, net 114 2,849
Total liabilities 4,422,233 4,187,930
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 164,600,642 and 167,981,990 issued and outstanding in 2026 and 2025, respectively 164,601 167,982
Additional paid-in capital 5,889,154 5,971,762
Distributions in excess of cumulative net income (1,604,448) (1,460,154)
Total stockholders' investment 4,449,307 4,679,590
Nonredeemable noncontrolling interests 9,204 22,612
Total equity 4,458,511 4,702,202
Total liabilities and equity $ 8,880,744 $ 8,890,132