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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 802,904 $ 821,238
Buildings and improvements 3,260,732 3,114,836
Total real estate properties, gross 4,063,636 3,936,074
Accumulated depreciation (627,656) (561,458)
Total real estate properties, net 3,435,980 3,374,616
Assets of properties held for sale 16,942 2,516
Investments in unconsolidated joint ventures 36,602 35,129
Acquired real estate leases, net 295,195 369,333
Cash and cash equivalents 24,358 12,249
Restricted cash 15,270 0
Rents receivable 124,043 105,639
Deferred leasing costs, net 85,087 73,098
Other assets, net 11,513 7,397
Total assets 4,044,990 3,979,977
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 200,000 195,000
Senior unsecured notes, net 2,193,577 2,187,875
Mortgage notes payable, net 172,331 49,917
Liabilities of properties held for sale 346 73
Accounts payable and other liabilities 154,061 140,151
Due to related persons 7,766 6,469
Assumed real estate lease obligations, net 12,276 14,157
Total liabilities 2,740,357 2,593,642
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,757,246 and 48,565,644 shares issued and outstanding, respectively 488 486
Additional paid in capital 2,621,107 2,619,532
Cumulative net income 137,325 169,606
Cumulative common distributions (1,454,287) (1,403,289)
Total shareholders’ equity 1,304,633 1,386,335
Total liabilities and shareholders’ equity $ 4,044,990 $ 3,979,977