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v3.25.1

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Investments in real estate: |  |
Investments in real estate, at cost | $ 6,442,303 | $ 6,363,936
Accumulated depreciation | (789,619) | (740,957)
Investments in real estate, net | 5,652,684 | 5,622,979
Real estate held for sale | 0 | 110,112
Investments in real estate under development | 117,802 | 116,861
Cash and cash equivalents | 29,055 | 21,228
Restricted cash | 19,279 | 22,224
Investments in unconsolidated real estate entities | 101,640 | 91,975
Other assets | 39,330 | 39,596
Derivative assets | 20,084 | 29,300
Intangible assets, net of accumulated amortization of $3,158 and $1,305, respectively | 3,620 | 3,644
Total Assets | 5,983,494 | 6,057,919
LIABILITIES AND EQUITY: |  |
Accounts payable and accrued expenses | 86,399 | 94,670
Accrued interest payable | 10,136 | 8,630
Dividends payable | 37,865 | 37,827
Derivative liabilities | 29 | 0
Other liabilities | 7,929 | 8,035
Total Liabilities | 2,396,315 | 2,482,845
Stockholders’ equity: |  |
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively | 0 | 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 233,763,180 and 230,838,006 shares issued and outstanding, including 397,000 and 360,561 unvested restricted common share awards, respectively | 2,337 | 2,308
Additional paid-in capital | 3,918,718 | 3,868,006
Accumulated other comprehensive income | 17,308 | 26,065
Accumulated deficit | (482,973) | (454,104)
Total stockholders’ equity | 3,455,390 | 3,442,275
Noncontrolling interests | 131,789 | 132,799
Total Equity | 3,587,179 | 3,575,074
Total Liabilities and Equity | 5,983,494 | 6,057,919
Debt Not Associated with Real Estate Held for Sale [Member] |  |
LIABILITIES AND EQUITY: |  |
Indebtedness | 2,253,957 | 2,274,651
Debt Associated with Real Estate Held for Sale [Member] |  |
LIABILITIES AND EQUITY: |  |
Indebtedness | $ 0 | $ 59,032

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