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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Real estate investments, at cost (Note 5):    
Land $ 659,086 $ 802,317
Buildings, fixtures and improvements 3,592,121 4,120,664
Construction in progress 2,993 3,364
Acquired intangible lease assets 523,406 695,597
Total real estate investments, at cost 4,777,606 5,621,942
Less accumulated depreciation and amortization (966,982) (999,909)
Total real estate investments, net 3,810,624 4,622,033
Assets held for sale 49,654 17,406
Assets related to discontinued operations (Note 3) 348 1,816,131
Cash and cash equivalents 180,114 159,698
Restricted cash 13,949 64,510
Derivative assets, at fair value (Note 10) 7 2,471
Unbilled straight-line rent 72,919 89,804
Operating lease right-of-use asset (Note 13) 63,362 66,163
Prepaid expenses and other assets 60,415 51,504
Multi-tenant disposition receivable, net (Note 3) 27,934 0
Deferred tax assets 5,167 4,866
Goodwill 45,898 51,370
Deferred financing costs, net 16,812 9,808
Total Assets 4,347,203 6,955,764
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 6) 1,264,604 1,768,608
Revolving credit facility (Note 7) 324,165 1,390,292
Senior notes, net (Note 8) 928,169 906,101
Acquired intangible lease liabilities, net 17,501 24,353
Derivative liabilities, at fair value (Note 10) 5,298 3,719
Accounts payable and accrued expenses 43,821 52,878
Operating lease liability (Note 13) 41,429 40,080
Prepaid rent 28,254 13,571
Deferred tax liability 17,796 5,477
Dividends payable 11,718 11,909
Real estate liabilities held for sale (Note 5) 60 0
Liabilities related to discontinued operations (Note 3) 890 551,818
Total Liabilities 2,683,705 4,768,806
Commitments and contingencies (Note 12) 0 0
Stockholders’ Equity (Note 11):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 216,016,247 and 231,051,139 shares issued and outstanding as of December 31, 2025 and 2024, respectively 3,490 3,640
Additional paid-in capital 4,249,018 4,359,264
Accumulated other comprehensive income (loss) 22,169 (25,844)
Accumulated deficit (2,611,419) (2,150,342)
Total Stockholders’ Equity 1,663,498 2,186,958
Total Liabilities and Equity 4,347,203 6,955,764
Series A Preferred Stock    
Stockholders’ Equity (Note 11):    
Cumulative redeemable preferred stock 68 68
Series B Preferred Stock    
Stockholders’ Equity (Note 11):    
Cumulative redeemable preferred stock 47 47
Series D Preferred Stock    
Stockholders’ Equity (Note 11):    
Cumulative redeemable preferred stock 79 79
Series E Preferred Stock    
Stockholders’ Equity (Note 11):    
Cumulative redeemable preferred stock $ 46 $ 46