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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate assets:    
Operating properties, net of accumulated depreciation of $1,850,379 and $1,627,251 in 2025 and 2024, respectively $ 7,950,610 $ 7,785,597
Land 154,724 154,726
Total properties 8,105,334 7,940,323
Cash and cash equivalents 4,675 7,349
Investments in real estate debt, at fair value 36,766 167,219
Accounts receivable 11,704 11,491
Deferred rents receivable 263,867 232,078
Investments in unconsolidated joint ventures 215,507 185,478
Intangible assets, net 171,721 171,989
Other assets, net 90,907 86,219
Total assets 8,900,481 8,802,146
Liabilities:    
Notes payable 3,309,383 3,095,666
Accounts payable and accrued expenses 307,176 337,248
Deferred income 300,650 277,132
Intangible liabilities, net 121,494 111,221
Other liabilities 104,115 110,712
Total liabilities 4,142,818 3,931,979
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 167,965,499 and 167,660,480 issued and outstanding in 2025 and 2024, respectively 167,965 167,660
Additional paid-in capital 5,968,470 5,959,670
Distributions in excess of cumulative net income (1,401,660) (1,280,547)
Accumulated other comprehensive loss 0 (105)
Total stockholders' investment 4,734,775 4,846,678
Nonredeemable noncontrolling interests 22,888 23,489
Total equity 4,757,663 4,870,167
Total liabilities and equity $ 8,900,481 $ 8,802,146