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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Real estate investments:    
Land $ 1,398,659,000 $ 1,360,772,000
Buildings, equipment and improvements 1,856,021,000 1,837,872,000
Total real estate investments 3,254,680,000 3,198,644,000
Less: accumulated depreciation (784,943,000) (775,505,000)
Total real estate investments, net 2,469,737,000 2,423,139,000
Intangible real estate assets, net 119,932,000 123,613,000
Total real estate investments and intangible real estate assets, net 2,589,669,000 2,546,752,000
Cash and cash equivalents 22,263,000 4,081,000
Straight-line rent adjustment 69,288,000 68,562,000
Derivative assets 15,008,000 20,733,000
Deferred tax assets 1,503,000 1,448,000
Other assets 13,421,000 11,450,000
Total Assets 2,711,152,000 2,653,026,000
Liabilities:    
Term loan and revolving credit facility, net of deferred financing costs 580,157,000 516,250,000
Senior unsecured notes, net of deferred financing costs 621,802,000 621,639,000
Dividends payable 35,408,000 35,358,000
Rent received in advance 15,518,000 6,738,000
Derivative liabilities 2,993,000 473,000
Other liabilities 22,437,000 21,778,000
Total liabilities 1,278,315,000 1,202,236,000
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, 99,972,006 and 99,825,119 shares issued and outstanding, respectively 10,000 10,000
Additional paid-in capital 1,482,278,000 1,482,698,000
Accumulated deficit (66,982,000) (57,729,000)
Accumulated other comprehensive income 15,374,000 23,633,000
Noncontrolling interest 2,157,000 2,178,000
Total equity 1,432,837,000 1,450,790,000
Total Liabilities and Equity $ 2,711,152,000 $ 2,653,026,000