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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Real estate properties:    
Land $ 542,403 $ 605,973
Buildings and improvements 5,406,403 5,817,279
Total real estate properties, gross 5,948,806 6,423,252
Accumulated depreciation (2,089,906) (2,082,777)
Total real estate properties, net 3,858,900 4,340,475
Investments in unconsolidated joint ventures 120,126 126,859
Assets of properties held for sale 23,085 276,270
Cash and cash equivalents 105,407 144,584
Restricted cash [1] 16,392 5,270
Equity method investment 27,200 24,590
Acquired real estate leases and other intangible assets, net 20,663 26,300
Other assets, net 185,504 188,600
Total assets 4,361,250 5,137,005
LIABILITIES AND SHAREHOLDERS' EQUITY    
Secured revolving credit facility 0 0
Secured debt and finance leases, net 455,093 126,611
Liabilities of properties held for sale 3,426 6,024
Accrued interest 30,683 23,092
Other liabilities 238,050 229,153
Total liabilities 2,695,682 3,178,162
Commitments and contingencies
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 242,121,025 and 241,271,703 shares issued and outstanding, respectively 2,421 2,413
Additional paid in capital 4,622,572 4,620,313
Cumulative net income 1,122,137 1,408,023
Cumulative other comprehensive loss (12) (17)
Cumulative distributions (4,081,550) (4,071,889)
Total shareholders' equity 1,665,568 1,958,843
Total liabilities and shareholders' equity 4,361,250 5,137,005
Secured Debt    
Real estate properties:    
Total real estate properties, net 1,406,755 1,290,060
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes 365,005 826,974
Unsecured Debt    
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes 1,580,726 1,957,319
Affiliated Entity    
Real estate properties:    
Due from affiliates 3,973 4,057
LIABILITIES AND SHAREHOLDERS' EQUITY    
Due to affiliates $ 22,699 $ 8,989
[1] Restricted cash consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.