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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate properties    
Land $ 1,134,635 $ 1,143,468
Buildings and improvements 9,729,912 9,707,066
Lease intangibles 631,864 664,867
Personal property 9,938 9,909
Investment in financing receivable, net 123,813 123,671
Financing lease right-of-use assets 76,958 77,343
Construction in progress 35,101 31,978
Land held for development 52,408 52,408
Total real estate properties 11,794,629 11,810,710
Less accumulated depreciation and amortization (2,583,819) (2,483,656)
Total real estate properties, net 9,210,810 9,327,054
Cash and cash equivalents 25,722 68,916
Assets held for sale, net 6,635 12,897
Operating lease right-of-use assets 259,764 261,438
Investments in unconsolidated joint ventures 470,418 473,122
Other assets, net 522,920 507,496
Total assets 10,496,269 10,650,923
Liabilities    
Notes and bonds payable 4,732,618 4,662,771
Accounts payable and accrued liabilities 144,855 222,510
Liabilities of assets held for sale 422 1,283
Operating lease liabilities 224,117 224,499
Financing lease liabilities 72,585 72,346
Other liabilities 174,830 161,640
Total liabilities 5,349,427 5,345,049
Commitments and contingencies
Redeemable non-controlling interests 4,627 4,778
Stockholders' equity    
Preferred stock, $.01 par value per share; 200,000 shares authorized; none issued and outstanding 0 0
Class A Common stock, $.01 par value per share; 1,000,000 shares authorized; 350,996 and 350,532 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3,510 3,505
Additional paid-in capital 9,121,269 9,118,229
Accumulated other comprehensive loss (7,206) (1,168)
Cumulative net income attributable to common stockholders 329,436 374,309
Cumulative dividends (4,368,739) (4,260,014)
Total stockholders' equity 5,078,270 5,234,861
Non-controlling interest 63,945 66,235
Total equity 5,142,215 5,301,096
Total liabilities, redeemable non-controlling interests, and stockholders' equity $ 10,496,269 $ 10,650,923