v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Real estate properties, net $ 2,738,755 $ 2,714,650
Cash and cash equivalents 2,017 23,374
Restricted cash 10,661 10,257
Tenant accounts receivable 73,041 51,493
Investment in unconsolidated real estate venture 304,070 304,721
Real estate loans receivable, net and investment in sales-type lease, net 44,462 34,286
Intangible assets, net 189,534 183,911
Prepaid expenses and other assets 57,520 57,078
Total assets 3,420,060 3,379,770
Liabilities    
Revolving credit facility 245,050 199,050
Term loan facilities, net 297,479 297,200
Notes payable, net 1,019,132 1,018,884
Mortgage notes payable, net 150,054 151,191
Intangible liabilities, net 13,598 11,959
Deferred revenue 230,031 219,201
Interest rate swaps 1,010 3,034
Accounts payable, accrued expenses and other liabilities 108,203 109,686
Total liabilities 2,064,557 2,010,205
Equity    
Common stock, par value $0.01, 80,000,000 shares authorized 46,444,374 and 46,303,469 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 464 463
Additional paid-in capital 1,961,587 1,958,412
Retained earnings 146,222 144,857
Cumulative dividends (796,880) (776,022)
Accumulated other comprehensive loss (2,554) (4,578)
Total stockholders’ equity 1,308,839 1,323,132
Non-controlling interest in Operating Partnership 46,664 46,433
Total equity 1,355,503 1,369,565
Total liabilities and equity $ 3,420,060 $ 3,379,770