v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments in real estate:    
Investments in real estate, at cost $ 6,596,007 $ 6,363,936
Accumulated depreciation (915,247) (740,957)
Investments in real estate, net 5,680,760 5,622,979
Real estate, held for sale 76,468 110,112
Investments in real estate under development 60,116 116,861
Cash and cash equivalents 23,564 21,228
Restricted Cash 24,058 22,224
Investments in unconsolidated real estate entities 98,263 91,975
Other Assets 45,711 39,596
Derivative assets 9,840 29,300
Intangible assets, net of accumulated amortization of $3,257 and $1,305, respectively 2,970 3,644
Total Assets 6,021,750 6,057,919
LIABILITIES AND EQUITY:    
Accounts payable and accrued expenses 92,355 94,670
Accrued interest payable 8,377 8,630
Dividends payable 41,275 37,827
Derivative liabilities 346 0
Other Liabilities 8,496 8,035
Total Liabilities 2,432,324 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, 237,234,750 and 230,838,006 shares issued and outstanding, including 382,337 and 360,561 unvested restricted common share awards, respectively 2,372 2,308
Additional paid-in capital 4,005,168 3,868,006
Accumulated other comprehensive income 7,722 26,065
Accumulated deficit (555,326) (454,104)
Total stockholders’ equity 3,459,936 3,442,275
Noncontrolling interests 129,490 132,799
Total Equity 3,589,426 3,575,074
Total Liabilities and Equity 6,021,750 6,057,919
Debt Not Associated with Real Estate Held for Sale [Member]    
LIABILITIES AND EQUITY:    
Indebtedness, net 2,281,475 2,274,651
Debt Associated with Real Estate Held for Sale [Member]    
LIABILITIES AND EQUITY:    
Indebtedness, net $ 0 $ 59,032