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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 78,496 $ 43,145
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 131,653 135,703
Depreciation and amortization of corporate assets 718 774
Net amortization of above- and below-market leases (5,083) (4,072)
Amortization of deferred financing expenses 1,706 2,416
Amortization of debt and derivative adjustments 1,349 1,252
Loss on extinguishment or modification of debt, net 1,080 1
Gain on disposal of property, net (26,207) (5,543)
Straight-line rent, net (6,135) (4,947)
Share-based compensation 5,786 5,367
Return on investment in unconsolidated joint ventures 347 361
Other (464) (396)
Changes in operating assets and liabilities:    
Other assets, net (15,068) (11,571)
Accounts payable and other liabilities 5,404 (5,828)
Net cash provided by operating activities 173,582 156,662
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions, net (268,389) (268,108)
Capital expenditures (50,471) (59,356)
Proceeds from sale of real estate, net 83,380 6,438
Proceeds from secured loan receivable 3,775 0
Investment in unconsolidated joint ventures (6,079) (3,550)
Return of investment in unconsolidated joint ventures 786 1,334
Investment in marketable securities (1,329) (6,002)
Proceeds from sale of marketable securities 963 0
Insurance proceeds for property damage claims 801 122
Net cash used in investing activities (236,563) (329,122)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 84,183 0
Payment of offering costs (1,068) 0
Proceeds from revolving credit facility 333,000 488,000
Payments on revolving credit facility (283,000) (517,000)
Proceeds from notes and loans payable, net 346,500 346,164
Payments on mortgages and loans payable (324,155) (44,039)
Distributions paid (95,892) (90,312)
Distributions to noncontrolling interests (9,943) (9,826)
Net cash provided by financing activities 49,625 172,987
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (13,356) 527
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 43,312 8,649
End of period 29,956 9,176
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 7,132 5,591
Restricted cash 22,824 3,585
Cash, cash equivalents, and restricted cash at end of period 29,956 9,176
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 55,089 50,717
SUPPLEMENTAL SCHEDULE OF NON-CASH ACTIVITIES:    
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 0 1,091
Secured loan receivable 0 17,395
Accrued capital expenditures 11,655 8,252
Change in distributions payable (13,633) (12,826)
Change in distributions payable - noncontrolling interests (1,721) (1,599)
Receivable for issuance of common stock, net $ 1,942 $ 0