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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Real estate investments:    
Land $ 1,360,772,000 $ 1,240,865,000
Buildings, equipment and improvements 1,837,872,000 1,708,556,000
Total real estate investments 3,198,644,000 2,949,421,000
Less: accumulated depreciation (775,505,000) (738,946,000)
Total real estate investments, net 2,423,139,000 2,210,475,000
Intangible real estate assets, net 123,613,000 118,027,000
Total real estate investments and intangible real estate assets, net 2,546,752,000 2,328,502,000
Cash and cash equivalents 4,081,000 16,322,000
Straight-line rent adjustment 68,562,000 64,752,000
Derivative assets 20,733,000 20,952,000
Deferred tax assets 1,448,000 1,248,000
Other assets 11,450,000 19,858,000
Total Assets 2,653,026,000 2,451,634,000
Liabilities:    
Term loan and revolving credit facility, net of deferred financing costs 516,250,000 441,745,000
Senior unsecured notes, net of deferred financing costs 621,639,000 670,944,000
Dividends payable 35,358,000 31,539,000
Rent received in advance 6,738,000 14,309,000
Derivative liabilities 473,000 2,968,000
Other liabilities 21,778,000 30,266,000
Total liabilities 1,202,236,000 1,191,771,000
Equity:    
Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding. 0 0
Common stock, par value $0.0001 per share; 500,000,000 shares authorized, [--] and 91,617,477 shares issued and outstanding, respectively 10,000 9,000
Additional paid-in capital 1,482,698,000 1,261,940,000
Accumulated deficit (57,729,000) (26,276,000)
Accumulated other comprehensive income 23,633,000 21,977,000
Noncontrolling interest 2,178,000 2,213,000
Total equity 1,450,790,000 1,259,863,000
Total Liabilities and Equity $ 2,653,026,000 $ 2,451,634,000