CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Assets:
Real estate, at cost	$ 3,909,897	$ 3,908,485
Real estate - intangible assets	305,841	305,841
Land held for development	65,065	82,971
Investments in real estate under construction	68,849	41,769
Real estate, gross	4,349,652	4,339,066
Less: accumulated depreciation and amortization	(1,196,713)	(1,151,513)
Real estate, net	3,152,939	3,187,553
Right-of-use assets, net	7,583	8,721
Cash and cash equivalents	130,112	170,394
Restricted cash	168	257
Investments in non-consolidated entities	29,301	31,430
Deferred expenses, net	40,704	35,068
Rent receivable - current	3,963	3,454
Rent receivable - deferred	85,279	84,631
Other assets	16,652	15,514
Total assets	3,466,701	3,537,022
Liabilities:
Mortgages and notes payable, net	48,162	49,541
Term loan payable, net	247,532	249,053
Senior notes payable, net	953,104	952,693
Trust preferred securities, net	100,133	100,113
Dividends payable	43,536	44,715
Operating lease liabilities	7,914	9,134
Accounts payable and other liabilities	38,542	54,553
Accrued interest payable	11,425	9,218
Deferred revenue - including below-market leases, net	2,724	3,030
Prepaid rent	14,459	16,594
Total liabilities	1,467,531	1,488,644
Commitments and contingencies
Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding	94,016	94,016
Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 58,947,523 and 59,077,234 shares issued and outstanding in 2026 and 2025, respectively	6	6
Additional paid-in-capital	3,305,816	3,313,884
Accumulated distributions in excess of net income	(1,413,734)	(1,371,654)
Accumulated other comprehensive income	1,403	427
Total shareholders’ equity	1,987,507	2,036,679
Noncontrolling interests	11,663	11,699
Total equity	1,999,170	2,048,378
Total liabilities and equity	$ 3,466,701	$ 3,537,022