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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Real estate investments, net of accumulated depreciation of $1,142,657 and $1,102,030 as of March 31, 2025 and December 31, 2024, respectively $ 4,488,111 $ 4,513,734
Loans receivable and other investments, net 444,151 442,584
Investment in unconsolidated joint ventures 120,838 121,803
Cash and cash equivalents 22,653 60,468
Restricted cash 6,244 5,871
Lease intangible assets, net 24,817 27,464
Accounts receivable, prepaid expenses and other assets, net 126,384 131,755
Total assets 5,233,198 5,303,679
Liabilities    
Secured debt, net 44,811 45,316
Revolving credit facility 82,684 106,554
Term loans, net 530,194 529,753
Senior unsecured notes, net 1,736,213 1,736,025
Accounts payable and accrued liabilities 112,067 117,896
Lease intangible liabilities, net 24,997 26,847
Total liabilities 2,530,966 2,562,391
Commitments and contingencies (Note 13)
Equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 237,936,460 and 237,586,882 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2,379 2,376
Additional paid-in capital 4,591,907 4,592,605
Cumulative distributions in excess of net income (1,907,266) (1,874,633)
Accumulated other comprehensive income 15,212 20,940
Total equity 2,702,232 2,741,288
Total liabilities and equity $ 5,233,198 $ 5,303,679