CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Real estate properties
Land and land improvements	$ 152,887	$ 149,501
Buildings, improvements, and lease intangibles	1,004,616	996,104
Personal property	809	326
Total real estate properties	1,158,312	1,145,931
Less accumulated depreciation	(262,961)	(242,609)
Total real estate properties, net	895,351	903,322
Cash and cash equivalents	4,863	4,384
Assets held for sale, net	5,465	6,755
Other assets, net	60,613	78,102
Total assets	966,292	992,563
Liabilities
Debt, net	500,077	485,955
Accounts payable and accrued liabilities	13,944	14,289
Other liabilities, net	14,451	16,354
Total liabilities	528,472	516,598
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value; 450,000 shares authorized; 28,368 and 28,242 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	284	282
Additional paid-in capital	712,498	704,524
Cumulative net income	74,709	85,675
Accumulated other comprehensive income	9,121	17,631
Cumulative dividends	(358,792)	(332,147)
Total stockholders’ equity	437,820	475,965
Total liabilities and stockholders' equity	$ 966,292	$ 992,563