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v3.25.3

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
ASSETS: |  |
Investments in real estate, at cost | $ 6,571,161 | $ 6,363,936
Accumulated depreciation | (861,370) | (740,957)
Investments in real estate, net | 5,709,791 | 5,622,979
Real estate, held for sale | 107,182 | 110,112
Investments in real estate under development | 65,628 | 116,861
Cash and cash equivalents | 23,290 | 21,228
Restricted cash | 27,639 | 22,224
Investments in unconsolidated real estate entities | 93,965 | 91,975
Other assets | 47,771 | 39,596
Derivative assets | 11,873 | 29,300
Intangible assets, net of accumulated amortization of $2,604 and $1,305, respectively | 5,453 | 3,644
Total Assets | 6,092,592 | 6,057,919
LIABILITIES AND EQUITY: |  |
Accounts payable and accrued expenses | 119,513 | 94,670
Accrued interest payable | 10,265 | 8,630
Dividends payable | 41,592 | 37,827
Derivative liabilities | 737 | 0
Other liabilities | 9,023 | 8,035
Total Liabilities | 2,477,332 | 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, 239,103,283 and 230,838,006 shares issued and outstanding, including 383,609 and 360,561 unvested restricted common share awards, respectively | 2,391 | 2,308
Additional paid-in capital | 4,022,309 | 3,868,006
Accumulated other comprehensive income | 9,095 | 26,065
Accumulated deficit | (548,319) | (454,104)
Total stockholders’ equity | 3,485,476 | 3,442,275
Noncontrolling interests | 129,784 | 132,799
Total Equity | 3,615,260 | 3,575,074
Total Liabilities and Equity | 6,092,592 | 6,057,919
Debt Not Associated with Real Estate Held for Sale [Member] |  |
LIABILITIES AND EQUITY: |  |
Indebtedness | 2,296,202 | 2,274,651
Debt Associated with Real Estate Held for Sale [Member] |  |
LIABILITIES AND EQUITY: |  |
Indebtedness | $ 0 | $ 59,032

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