XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate investments:    
Income producing property $ 1,708,474 $ 1,680,943
Held for development 11,294 13,607
Construction in progress 69,298 63,367
Gross real estate investments 1,789,066 1,757,917
Accumulated depreciation (265,400) (253,965)
Net real estate investments 1,523,666 1,503,952
Real estate investments held for sale 0 1,165
Cash and cash equivalents 24,762 40,998
Restricted cash 9,826 9,432
Accounts receivable, net 28,203 28,259
Notes receivable, net 133,206 135,432
Construction receivables, including retentions, net 30,712 38,735
Construction contract costs and estimated earnings in excess of billings 54 138
Equity method investment 4,967 1,078
Operating lease right-of-use assets 32,704 32,760
Finance lease right-of-use assets 47,821 23,544
Acquired lease intangible assets 60,006 58,154
Other assets 38,054 43,324
Total Assets 1,933,981 1,916,971
LIABILITIES AND EQUITY    
Indebtedness, net 975,147 963,845
Accounts payable and accrued liabilities 15,587 23,900
Construction payables, including retentions 32,971 49,821
Billings in excess of construction contract costs and estimated earnings 3,062 6,088
Operating lease liabilities 41,694 41,659
Finance lease liabilities 45,917 17,954
Other liabilities 58,851 56,902
Total Liabilities 1,173,229 1,160,169
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 9,980,000 shares authorized as of March 31, 2021 and December 31, 2020, 6,843,418 shares issued and outstanding as of March 31, 2021 and December 31, 2020 171,085 171,085
Common stock, $0.01 par value, 500,000,000 shares authorized; 59,894,495 and 59,073,220 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 599 591
Additional paid-in capital 482,483 472,747
Distributions in excess of earnings (119,053) (112,356)
Accumulated other comprehensive loss (6,385) (8,868)
Total stockholders’ equity 528,729 523,199
Noncontrolling interests in investment entities 488 488
Noncontrolling interests in Operating Partnership 231,535 233,115
Total Equity 760,752 756,802
Total Liabilities and Equity $ 1,933,981 $ 1,916,971