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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Real estate investments:    
Land $ 1,499,059 $ 1,360,772
Buildings, equipment and improvements 1,998,573 1,837,872
Total real estate investments 3,497,632 3,198,644
Less: accumulated depreciation (816,992) (775,505)
Real estate investments, net 2,680,640 2,423,139
Intangible real estate assets, net 129,371 123,613
Total real estate investments and intangible real estate assets, net 2,810,011 2,546,752
Cash and cash equivalents 12,144 4,081
Straight-line rent adjustment 71,765 68,562
Derivative assets 9,385 20,733
Deferred tax assets 1,679 1,448
Other assets 15,742 11,450
Total Assets 2,920,726 2,653,026
Liabilities:    
Term loan and revolving credit facility, net of deferred financing costs 581,880 516,250
Senior unsecured notes, net of deferred financing costs 622,291 621,639
Dividends payable 39,567 35,358
Rent received in advance 17,939 6,738
Derivative liabilities 5,055 473
Other liabilities 24,155 21,778
Total liabilities 1,290,887 1,202,236
Equity:    
Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding. 0 0
Common stock, $0.0001 par value per share, 500,000,000 shares authorized, 108,188,605 and 99,825,119 shares issued and outstanding, respectively 11 10
Additional paid-in capital 1,713,606 1,482,698
Accumulated deficit (93,555) (57,729)
Accumulated other comprehensive income 7,665 23,633
Noncontrolling interest 2,112 2,178
Total equity 1,629,839 1,450,790
Total Liabilities and Equity $ 2,920,726 $ 2,653,026