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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate investments    
Real estate property $ 1,676,343 $ 1,670,879
Accumulated depreciation (263,283) (255,641)
Real estate property, net 1,413,060 1,415,238
Real estate developments 41,466 46,423
Investments in sales-type leases, net of allowances (credit losses) of $17 as of March 31, 2025 9,216 0
Investments in real estate joint ventures and partnerships 5,907 5,907
Real estate intangible assets, net 29,795 31,176
Real estate investments, net 1,499,444 1,498,744
Cash and cash equivalents 16,855 33,436
Restricted cash 697 236
Accounts receivable, net of allowances (credit losses and doubtful accounts) of $1,728 and $1,701 as of March 31, 2025 and December 31, 2024, respectively 4,942 3,697
Goodwill 8,729 8,729
Other receivables, net of allowances (credit losses) of $2,299 and $2,393 as of March 31, 2025 and December 31, 2024, respectively 11,185 16,696
Prepaid expenses and other assets 106,762 108,894
Total assets 1,648,614 1,670,432
Liabilities:    
Notes payable and other debt 452,843 474,837
Accounts payable 4,490 4,529
Accrued post-retirement benefits 7,535 7,582
Deferred revenue 75,085 72,462
Accrued and other liabilities 103,518 107,479
Total liabilities 643,471 666,889
Commitments and Contingencies (Note 7)
Equity:    
Common stock - no par value; authorized, 225,000,000 shares; outstanding 72,711,539 and 72,633,866 shares at March 31, 2025, and December 31, 2024, respectively 1,811,826 1,811,582
Accumulated other comprehensive income (loss) 2,506 6,134
Distributions in excess of accumulated earnings (809,189) (814,173)
Total shareholders' equity 1,005,143 1,003,543
Total liabilities and equity $ 1,648,614 $ 1,670,432