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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments in real estate    
Land $ 2,333,159 $ 1,995,494
Buildings and improvements 1,823,523 1,561,532
Construction in progress 292,555 343,485
Intangible assets 178,315 147,329
Total investments in properties 4,627,552 4,047,840
Accumulated depreciation and amortization (425,534) (384,480)
Net investments in properties 4,202,018 3,663,360
Cash and cash equivalents 181,989 165,400
Restricted cash 461 836
Other assets, net 82,373 75,081
Total assets 4,466,841 3,904,677
Liabilities    
Credit facility 0 0
Term loans payable, net 199,262 199,145
Senior unsecured notes, net 572,714 572,418
Security deposits 36,797 32,934
Intangible liabilities, net 95,992 84,718
Dividends payable 43,528 39,052
Accounts payable and other liabilities 77,863 61,783
Total liabilities 1,026,156 990,050
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 96,212,243 and 87,487,098 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively. 964 876
Additional paid-in capital 3,391,222 2,849,961
Common stock held in deferred compensation plan: 508,663 and 508,663 shares at June 30, 2024 and December 31, 2023, respectively. (31,788) (31,788)
Retained earnings 80,287 95,578
Total stockholders’ equity 3,440,685 2,914,627
Total liabilities and equity $ 4,466,841 $ 3,904,677