XML 13 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate investments, at cost (Note 4):    
Land $ 648,558 $ 659,086
Buildings, fixtures and improvements 3,534,839 3,592,121
Construction in progress 3,630 2,993
Acquired intangible lease assets 503,278 523,406
Total real estate investments, at cost 4,690,305 4,777,606
Less accumulated depreciation and amortization (976,371) (966,982)
Total real estate investments, net 3,713,934 3,810,624
Real estate assets held for sale (Note 4) 19,914 49,654
Assets related to discontinued operations (Note 3) 0 348
Cash and cash equivalents 125,479 180,114
Restricted cash 11,979 13,949
Derivative assets, at fair value (Note 9) 1,223 7
Unbilled straight-line rent 72,969 72,919
Operating lease right-of-use asset (Note 13) 61,868 63,362
Prepaid expenses and other assets 56,516 60,415
Multi-tenant disposition receivable, net (Note 3) 22,013 27,934
Deferred tax assets 5,139 5,167
Goodwill 45,628 45,898
Deferred financing costs, net 15,638 16,812
Total Assets 4,152,300 4,347,203
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 5) 1,222,275 1,264,604
Revolving credit facilities (Note 6) 290,006 324,165
Senior notes, net (Note 7) 934,020 928,169
Acquired intangible lease liabilities, net 16,714 17,501
Derivative liabilities, at fair value (Note 9) 1,727 5,298
Accounts payable and accrued expenses 29,162 43,821
Operating lease liability (Note 13) 40,634 41,429
Prepaid rent 26,718 28,254
Deferred tax liability 17,518 17,796
Dividends payable 11,570 11,718
Real estate liabilities held for sale (Note 4) 64 60
Liabilities related to discontinued operations (Note 3) 641 890
Total Liabilities 2,591,049 2,683,705
Commitments and contingencies (Note 11) 0 0
Stockholders’ Equity (Note 10):    
Common Stock, $0.01 par value, 400,000,000 shares authorized, 212,032,775 and 216,016,247 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3,450 3,490
Additional paid-in capital 4,213,160 4,249,018
Accumulated other comprehensive income 12,993 22,169
Accumulated deficit (2,668,592) (2,611,419)
Total Stockholders’ Equity 1,561,251 1,663,498
Total Liabilities and Stockholders’ Equity 4,152,300 4,347,203
Series A Preferred Stock    
Stockholders’ Equity (Note 10):    
Cumulative redeemable preferred stock 68 68
Series B Preferred Stock    
Stockholders’ Equity (Note 10):    
Cumulative redeemable preferred stock 47 47
Series D Preferred Stock    
Stockholders’ Equity (Note 10):    
Cumulative redeemable preferred stock 79 79
Series E Preferred Stock    
Stockholders’ Equity (Note 10):    
Cumulative redeemable preferred stock $ 46 $ 46