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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 809,590 $ 821,238
Buildings and improvements 3,225,963 3,114,836
Total real estate properties, gross 4,035,553 3,936,074
Accumulated depreciation (605,789) (561,458)
Total real estate properties, net 3,429,764 3,374,616
Assets of properties held for sale 11,731 2,516
Investments in unconsolidated joint ventures 37,367 35,129
Acquired real estate leases, net 318,975 369,333
Cash and cash equivalents 25,212 12,249
Restricted cash 610 0
Rents receivable 110,599 105,639
Deferred leasing costs, net 82,691 73,098
Other assets, net 10,619 7,397
Total assets 4,027,568 3,979,977
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 240,000 195,000
Senior unsecured notes, net 2,191,676 2,187,875
Mortgage notes payable, net 106,365 49,917
Liabilities of properties held for sale 28 73
Accounts payable and other liabilities 134,425 140,151
Due to related persons 6,232 6,469
Assumed real estate lease obligations, net 12,887 14,157
Total liabilities 2,691,613 2,593,642
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,587,650 and 48,565,644 shares issued and outstanding, respectively 486 486
Additional paid in capital 2,620,691 2,619,532
Cumulative net income 156,918 169,606
Cumulative common distributions (1,442,140) (1,403,289)
Total shareholders’ equity 1,335,955 1,386,335
Total liabilities and shareholders’ equity $ 4,027,568 $ 3,979,977