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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investment properties    
Land $ 702,147 $ 712,827
Building and other improvements 2,295,852 2,116,092
Construction in progress 7,473 9,951
Total 3,005,472 2,838,870
Less accumulated depreciation (525,830) (511,969)
Net investment properties 2,479,642 2,326,901
Cash, cash equivalents, and restricted cash 40,518 91,221
Intangible assets, net 193,963 137,420
Accounts and rents receivable 37,471 36,131
Deferred costs and other assets, net 37,053 44,277
Total assets 2,788,647 2,635,950
Liabilities    
Debt, net 825,881 740,415
Accounts payable and accrued expenses 48,291 46,418
Distributions payable 18,450 17,512
Intangible liabilities, net 68,475 42,897
Other liabilities 33,288 28,703
Total liabilities 994,385 875,945
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, 77,691,533 shares issued and outstanding as of December 31, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 78 77
Additional paid-in capital 5,736,652 5,730,367
Distributions in excess of accumulated net income (3,947,229) (3,984,865)
Accumulated comprehensive income 4,761 14,426
Total stockholders' equity 1,794,262 1,760,005
Total liabilities and stockholders' equity $ 2,788,647 $ 2,635,950