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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate properties    
Land $ 1,105,231 $ 1,143,468
Buildings and improvements 9,199,089 9,707,066
Lease intangibles 567,244 664,867
Personal property 6,944 9,909
Investment in financing receivable, net 124,134 123,671
Financing lease right-of-use assets 76,574 77,343
Construction in progress 40,421 31,978
Land held for development 49,110 52,408
Total real estate properties 11,168,747 11,810,710
Less accumulated depreciation and amortization (2,494,169) (2,483,656)
Total real estate properties, net 8,674,578 9,327,054
Cash and cash equivalents 25,507 68,916
Assets held for sale, net 358,207 12,897
Operating lease right-of-use assets 243,910 261,438
Investments in unconsolidated joint ventures 463,430 473,122
Other assets, net 469,940 507,496
Total assets 10,235,572 10,650,923
Liabilities    
Notes and bonds payable 4,694,391 4,662,771
Accounts payable and accrued liabilities 194,076 222,510
Liabilities of assets held for sale 30,278 1,283
Operating lease liabilities 203,678 224,499
Financing lease liabilities 73,019 72,346
Other liabilities 158,704 161,640
Total liabilities 5,354,146 5,345,049
Commitments and contingencies
Redeemable non-controlling interests 4,332 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; 351,568 and 350,532 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 3,516 3,505
Additional paid-in capital 9,129,338 9,118,229
Accumulated other comprehensive loss (9,185) (1,168)
Cumulative net income attributable to common stockholders 171,585 374,309
Cumulative dividends (4,477,940) (4,260,014)
Total stockholders' equity 4,817,314 5,234,861
Non-controlling interest 59,780 66,235
Total equity 4,877,094 5,301,096
Total liabilities, redeemable non-controlling interests, and stockholders' equity $ 10,235,572 $ 10,650,923