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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 817,882 $ 821,238
Buildings and improvements 3,176,756 3,114,836
Total real estate properties, gross 3,994,638 3,936,074
Accumulated depreciation (584,512) (561,458)
Total real estate properties, net 3,410,126 3,374,616
Assets of properties held for sale 4,618 2,516
Investments in unconsolidated joint ventures 36,558 35,129
Acquired real estate leases, net 344,064 369,333
Cash and cash equivalents 23,344 12,249
Rents receivable 106,966 105,639
Deferred leasing costs, net 72,762 73,098
Other assets, net 8,562 7,397
Total assets 4,007,000 3,979,977
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 245,000 195,000
Senior unsecured notes, net 2,189,776 2,187,875
Mortgage notes payable, net 49,968 49,917
Liabilities of properties held for sale 568 73
Accounts payable and other liabilities 141,103 140,151
Due to related persons 7,441 6,469
Assumed real estate lease obligations, net 13,503 14,157
Total liabilities 2,647,359 2,593,642
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,563,709 and 48,565,644 shares issued and outstanding, respectively 486 486
Additional paid in capital 2,619,994 2,619,532
Cumulative net income 169,160 169,606
Cumulative common distributions (1,429,999) (1,403,289)
Total shareholders’ equity 1,359,641 1,386,335
Total liabilities and shareholders’ equity $ 4,007,000 $ 3,979,977