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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Real estate portfolio, net of accumulated depreciation and amortization $ 8,746,168 $ 8,535,851
Cash and cash equivalents 8,731 1,189
Restricted cash and cash held in escrow 331 3,966
Receivables, net of allowance of $617 and $669, respectively 2,975 3,649
Accrued rental income, net of allowance of $4,156 and $4,168, respectively 34,005 34,611
Debt costs, net of accumulated amortization of $27,002 and $23,952, respectively 8,958 3,243
Other assets 71,560 79,459
Total assets 8,872,728 8,661,968
Liabilities:    
Line of credit payable 0 132,000
Notes payable, net of unamortized discount and unamortized debt costs 4,373,803 4,228,544
Accrued interest payable 29,699 34,374
Other liabilities 106,951 109,593
Total liabilities 4,510,453 4,504,511
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.01 par value. Authorized 375,000,000 shares; 187,540,929 and 182,474,770 shares issued and outstanding, respectively 1,877 1,826
Capital in excess of par value 5,197,644 4,971,625
Accumulated deficit (829,287) (805,883)
Accumulated other comprehensive income (loss) (7,959) (10,111)
Total equity 4,362,275 4,157,457
Total liabilities and equity $ 8,872,728 $ 8,661,968