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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments in real estate    
Land $ 1,732,321 $ 1,556,952
Buildings and improvements 1,303,031 1,210,591
Construction in progress 99,142 65,157
Intangible assets 121,946 114,126
Total investments in properties 3,256,440 2,946,826
Accumulated depreciation and amortization (296,568) (279,062)
Net investments in properties 2,959,872 2,667,764
Cash and cash equivalents 7,237 204,404
Restricted cash 3,096 397
Other assets, net 58,677 51,650
Total assets 3,028,882 2,924,215
Credit facility 12,000 0
Liabilities    
Credit facility 12,000 0
Term loans payable, net 99,545 99,495
Senior unsecured notes, net 621,514 621,175
Security deposits 26,559 23,914
Intangible liabilities, net 56,587 51,025
Dividends payable 25,686 25,618
Accounts payable and other liabilities 57,406 45,025
Total liabilities 899,297 866,252
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 75,120,374 and 75,068,575 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 752 752
Additional paid-in capital 2,087,682 2,069,604
Common stock held in deferred compensation plan, 426,594 and 275,727 shares at June 30, 2022 and December 31, 2021, respectively. (26,982) (15,197)
Retained earnings 68,133 2,804
Total stockholders’ equity 2,129,585 2,057,963
Total liabilities and equity $ 3,028,882 $ 2,924,215