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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments in real estate:    
Land, buildings and improvements $ 904,189 $ 1,203,991
Net investments in finance leases 0 10,522
In-place lease intangible assets and other 253,192 357,788
Above-market rent intangible assets 40,949 57,954
Investments in real estate 1,198,330 1,630,255
Accumulated depreciation and amortization (342,376) (458,430)
Assets held for sale, net 68,884 0
Net investments in real estate 924,838 1,171,825
Restricted cash 44,629 51,560
Cash and cash equivalents 36,078 16,269
Other assets, net 39,102 65,435
Total assets [1] 1,044,647 1,305,089
Debt:    
NLOP Mortgage Loan, net 127,201 266,844
NLOP Mezzanine Loan, net 84,788 106,299
Non-recourse mortgages, net 115,407 168,836
Debt, net 327,396 541,979
Accounts payable, accrued expenses and other liabilities 40,808 59,527
Below-market rent intangible liabilities, net 8,661 10,643
Deferred income taxes 3,142 10,450
Dividends payable 0 1,060
Total liabilities [1] 380,007 623,659
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value, $5,000,000 shares authorized; none issued 0 0
Common stock, $0.001 par value, $45,000,000 shares authorized; $14,785,118 and $14,620,919 shares, respectively, issued and outstanding 15 15
Additional paid-in capital 855,716 855,554
Distributions in excess of accumulated earnings (158,362) (142,960)
Accumulated other comprehensive loss (37,042) (35,600)
Total shareholders’ equity 660,327 677,009
Noncontrolling interests 4,313 4,421
Total equity 664,640 681,430
Total liabilities and equity $ 1,044,647 $ 1,305,089
[1] See Note 2 for details related to variable interest entities (“VIEs”).