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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments in real estate:    
Land, buildings and improvements $ 1,139,227 $ 1,203,991
Net investments in finance leases 0 10,522
In-place lease intangible assets and other 345,665 357,788
Above-market rent intangible assets 57,483 57,954
Investments in real estate 1,542,375 1,630,255
Accumulated depreciation and amortization (457,349) (458,430)
Net investments in real estate 1,085,026 1,171,825
Restricted cash 48,593 51,560
Cash and cash equivalents 39,753 16,269
Other assets, net 58,427 65,435
Total assets 1,231,799 1,305,089
Debt:    
NLOP Mortgage Loan, net 259,807 266,844
NLOP Mezzanine Loan, net 108,038 106,299
Non-recourse mortgages, net 147,328 168,836
Debt, net 515,173 541,979
Accounts payable, accrued expenses and other liabilities 52,471 59,527
Below-market rent intangible liabilities, net 9,202 10,643
Deferred income taxes 3,346 10,450
Dividends payable 0 1,060
Total liabilities 580,192 623,659
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued 0 0
Common stock, $0.001 par value, $45,000,000 shares authorized; $14,785,118 and $14,620,919 shares, respectively, issued and outstanding 15 15
Additional paid-in capital 855,641 855,554
Distributions in excess of accumulated earnings (170,813) (142,960)
Accumulated other comprehensive loss (37,618) (35,600)
Total shareholders’ equity 647,225 677,009
Noncontrolling interests 4,382 4,421
Total equity 651,607 681,430
Total liabilities and equity $ 1,231,799 $ 1,305,089