v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate assets:    
Operating properties, net of accumulated depreciation of $1,960,227 and $1,922,394 in 2026 and 2025, respectively $ 8,114,853 $ 7,894,846
Land 135,869 135,870
Total properties 8,250,722 8,030,716
Real estate assets and other assets held for sale, net 23,237 61,489
Cash and cash equivalents 6,296 5,720
Investments in real estate debt, at fair value 19,586 37,804
Accounts receivable 15,946 17,578
Deferred rents receivable 278,450 269,282
Investments in unconsolidated joint ventures 213,988 215,301
Intangible assets, net 183,796 164,738
Other assets, net 95,822 87,504
Total assets 9,087,843 8,890,132
Liabilities:    
Notes payable 3,772,182 3,340,815
Accounts payable and accrued expenses 247,716 314,317
Deferred income 297,607 301,358
Intangible liabilities, net 126,841 117,085
Other liabilities 110,409 111,506
Liabilities of real estate assets held for sale, net 39 2,849
Total liabilities 4,554,794 4,187,930
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 164,541,670 and 167,981,990 issued and outstanding in 2026 and 2025, respectively 164,542 167,982
Additional paid-in capital 5,885,455 5,971,762
Distributions in excess of cumulative net income (1,539,263) (1,460,154)
Total stockholders' investment 4,510,734 4,679,590
Nonredeemable noncontrolling interests 22,315 22,612
Total equity 4,533,049 4,702,202
Total liabilities and equity $ 9,087,843 $ 8,890,132