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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Real estate investments, net of accumulated depreciation of $1,102,030 and $1,021,086 as of December 31, 2024 and 2023, respectively $ 4,513,734 $ 4,617,261
Loans receivable and other investments, net 442,584 420,624
Investment in unconsolidated joint ventures 121,803 136,843
Cash and cash equivalents 60,468 41,285
Restricted cash 5,871 5,434
Lease intangible assets, net 27,464 30,897
Accounts receivable, prepaid expenses and other assets, net 131,755 133,806
Total assets 5,303,679 5,386,150
Liabilities    
Secured debt, net 45,316 47,301
Revolving credit facility 106,554 94,429
Term loans, net 529,753 537,120
Senior unsecured notes, net 1,736,025 1,735,253
Accounts payable and accrued liabilities 117,896 136,981
Lease intangible liabilities, net 26,847 32,532
Total liabilities 2,562,391 2,583,616
Commitments and contingencies (Note 16)
Equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2024 and 2023 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 237,586,882 and 231,266,020 shares issued and outstanding as of December 31, 2024 and 2023, respectively 2,376 2,313
Additional paid-in capital 4,592,605 4,494,755
Cumulative distributions in excess of net income (1,874,633) (1,718,279)
Accumulated other comprehensive income 20,940 23,745
Total equity 2,741,288 2,802,534
Total liabilities and equity $ 5,303,679 $ 5,386,150