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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate assets:    
Operating properties, net of accumulated depreciation of $1,694,690 and $1,627,251 in 2025 and 2024, respectively $ 7,780,262 $ 7,785,597
Land 154,725 154,726
Total properties 7,934,987 7,940,323
Cash and cash equivalents 5,330 7,349
Investments in real estate debt, at fair value 16,635 167,219
Accounts receivable 11,231 11,491
Deferred rents receivable 244,286 232,078
Investment in unconsolidated joint ventures 191,505 185,478
Intangible assets, net 165,350 171,989
Other assets, net 94,036 86,219
Total assets 8,663,360 8,802,146
Liabilities:    
Notes payable 3,020,741 3,095,666
Accounts payable and accrued expenses 293,349 337,248
Deferred income 294,503 277,132
Intangible liabilities, net 107,712 111,221
Other liabilities 109,982 110,712
Total liabilities 3,826,287 3,931,979
Commitments and contingencies
Stockholders' investment:    
Common stock, $1 par value per share, 300,000,000 shares authorized, 167,908,440 and 167,660,480 issued and outstanding in 2025 and 2024, respectively 167,908 167,660
Additional paid-in capital 5,960,578 5,959,670
Distributions in excess of cumulative net income (1,314,734) (1,280,547)
Accumulated other comprehensive loss 0 (105)
Total stockholders' investment 4,813,752 4,846,678
Nonredeemable noncontrolling interests 23,321 23,489
Total equity 4,837,073 4,870,167
Total liabilities and equity $ 8,663,360 $ 8,802,146