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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Real estate properties, net $ 2,572,095 $ 2,319,143
Cash and cash equivalents 19,353 9,381
Restricted cash 8,451 12,558
Tenant accounts receivable 71,172 66,274
Investment in unconsolidated real estate venture 316,521 284,544
Real estate loan receivable, net 34,081  
Intangible assets, net 161,425 148,453
Interest rate swaps 717 1,994
Prepaid expenses and other assets 39,256 37,405
Total assets 3,223,071 2,879,752
Liabilities    
Revolving credit facility 274,550 79,000
Term loan facilities, net 274,009 299,108
Notes payable, net 894,676 696,532
Mortgage notes payable, net 155,586 220,195
Intangible liabilities, net 14,885 12,480
Deferred revenue 120,977 82,712
Accounts payable, accrued expenses and other liabilities 101,271 80,209
Total liabilities 1,835,954 1,470,236
Commitments and contingencies (Note 14)
Equity    
Common stock, par value $0.01, 200,000,000 shares authorized, 107,970,559 and 100,973,247 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 1,080 1,010
Additional paid-in capital 1,873,545 1,783,338
Retained earnings 131,854 112,301
Cumulative dividends (686,044) (576,319)
Accumulated other comprehensive income 683 1,871
Total stockholders' equity 1,321,118 1,322,201
Non-controlling interest in Operating Partnership 65,999 87,315
Total equity 1,387,117 1,409,516
Total liabilities and equity $ 3,223,071 $ 2,879,752