XML 15 R2.htm IDEA: XBRL DOCUMENT 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