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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate properties:    
Land $ 542,645 $ 542,403
Buildings and improvements 5,420,371 5,406,403
Total real estate properties, gross 5,963,016 5,948,806
Accumulated depreciation (2,144,130) (2,089,906)
Total real estate properties, net 3,818,886 3,858,900
Investments in unconsolidated joint ventures 119,622 120,126
Assets of properties held for sale 0 23,085
Cash and cash equivalents 121,774 105,407
Restricted cash 18,078 [1] 16,392
Equity method investment 0 27,200
Acquired real estate leases and other intangible assets, net 19,556 20,663
Other assets, net 169,636 189,477
Total assets 4,267,552 4,361,250
LIABILITIES AND SHAREHOLDERS' EQUITY    
Secured revolving credit facility 0 0
Secured debt and finance leases, net 454,633 455,093
Liabilities of properties held for sale 0 3,426
Accrued interest 26,078 30,683
Other liabilities 219,479 260,749
Total liabilities 2,647,133 2,695,682
Commitments and contingencies
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 242,108,632 and 242,121,025 shares issued and outstanding, respectively 2,421 2,421
Additional paid in capital 4,623,200 4,622,572
Cumulative net income 1,078,862 1,122,137
Cumulative other comprehensive loss (93) (12)
Cumulative distributions (4,083,971) (4,081,550)
Total shareholders' equity 1,620,419 1,665,568
Total liabilities and shareholders' equity 4,267,552 4,361,250
Secured Debts    
Real estate properties:    
Total real estate properties, net 1,391,051 1,406,755
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes 365,516 365,005
Unsecured Debt    
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes $ 1,581,427 $ 1,580,726
[1] Restricted cash consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.