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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment properties:    
Land and improvements $ 249,470 $ 241,559
Building and improvements 4,705,870 4,659,780
Construction in progress 53,319 18,497
Tenant improvements 100,834 88,640
Acquired lease intangibles 509,468 505,335
Gross real estate property 5,618,961 5,513,811
Accumulated depreciation (1,187,952) (996,888)
Net real estate property 4,431,009 4,516,923
Right-of-use lease assets, net 226,824 231,225
Real estate loans receivable, net 98,277 104,973
Investments in unconsolidated entities 78,218 77,716
Net real estate investments 4,834,328 4,930,837
Cash and cash equivalents 156,779 7,730
Tenant receivables, net 11,955 11,503
Other assets 152,559 146,807
Total assets 5,155,621 5,096,877
Liabilities:    
Credit facility 393,718 188,328
Notes payable 1,451,905 1,465,437
Mortgage debt 127,413 164,352
Accounts payable 8,364 4,391
Dividends and distributions payable 61,186 60,148
Accrued expenses and other liabilities 96,087 87,720
Lease liabilities 104,844 105,011
Acquired lease intangibles, net 22,578 24,381
Total liabilities 2,266,095 2,099,768
Redeemable noncontrolling interests - partially owned properties 3,008 3,258
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 238,519,554 and 233,292,030 common shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 2,385 2,333
Additional paid-in capital 3,821,718 3,743,876
Accumulated deficit (1,061,293) (881,672)
Accumulated other comprehensive income 717 5,183
Total shareholders’ equity 2,763,527 2,869,720
Noncontrolling interests:    
Operating Partnership 113,662 123,015
Partially owned properties 9,329 1,116
Total noncontrolling interests 122,991 124,131
Total equity 2,886,518 2,993,851
Total liabilities and equity $ 5,155,621 $ 5,096,877