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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments in real estate    
Land $ 1,995,494 $ 1,850,860
Buildings and improvements 1,561,532 1,372,473
Construction in progress 343,485 51,896
Intangible assets 147,329 123,545
Total investments in properties 4,047,840 3,398,774
Accumulated depreciation and amortization (384,480) (323,631)
Net investments in properties 3,663,360 3,075,143
Cash and cash equivalents 165,400 26,393
Restricted cash 836 1,690
Other assets, net 75,081 61,215
Total assets 3,904,677 3,164,441
Liabilities    
Credit facility 0 0
Term loans payable, net 199,145 198,993
Senior unsecured notes, net 572,418 571,825
Security deposits 32,934 27,454
Intangible liabilities, net 84,718 55,873
Dividends payable 39,052 30,753
Accounts payable and other liabilities 61,783 49,692
Total liabilities 990,050 934,590
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 87,487,098 and 76,463,482 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively. 876 765
Additional paid-in capital 2,849,961 2,167,276
Common stock held in deferred compensation plan, 508,663 and 417,665 shares at December 31, 2023 and December 31, 2022, respectively. (31,788) (26,462)
Retained earnings 95,578 88,272
Total stockholders’ equity 2,914,627 2,229,851
Total liabilities and equity $ 3,904,677 $ 3,164,441