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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investment properties    
Land $ 712,827 $ 694,668
Building and other improvements 2,116,092 1,956,117
Construction in progress 9,951 5,889
Total 2,838,870 2,656,674
Less accumulated depreciation (511,969) (461,352)
Net investment properties 2,326,901 2,195,322
Cash, cash equivalents and restricted cash 91,221 99,763
Intangible assets, net 137,420 114,485
Accounts and rents receivable 36,131 35,353
Deferred costs and other assets, net 44,277 42,408
Total assets 2,635,950 2,487,331
Liabilities    
Debt, net 740,415 814,568
Accounts payable and accrued expenses 46,418 44,583
Distributions payable 17,512 14,594
Intangible liabilities, net 42,897 30,344
Other liabilities 28,703 29,198
Total liabilities 875,945 933,287
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding 0 0
Common stock, $0.001 par value, 146,000,000 shares authorized, 77,450,794 shares issued and outstanding as of December 31, 2024 and 67,807,831 shares issued and outstanding as of December 31, 2023 77 68
Additional paid-in capital 5,730,367 5,468,728
Distributions in excess of accumulated net income (3,984,865) (3,932,826)
Accumulated comprehensive income 14,426 18,074
Total stockholders' equity 1,760,005 1,554,044
Total liabilities and stockholders' equity $ 2,635,950 $ 2,487,331