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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Real estate:    
Land $ 785,881,000 $ 772,088,000
Buildings and improvements 671,100,000 632,074,000
Investment in direct financing leases, net 67,683,000 71,647,000
Construction in progress 726,000 693,000
Real estate held for use 1,525,390,000 1,476,502,000
Less accumulated depreciation and amortization (230,232,000) (209,040,000)
Real estate held for use, net 1,295,158,000 1,267,462,000
Real estate held for sale, net 164,000 3,621,000
Real estate, net 1,295,322,000 1,271,083,000
Notes and mortgages receivable 25,447,000 14,699,000
Cash and cash equivalents 11,449,000 24,738,000
Restricted cash 1,669,000 1,723,000
Deferred rent receivable 49,378,000 46,933,000
Accounts receivable 4,357,000 3,538,000
Right-of-use assets - operating 18,848,000 21,092,000
Right-of-use assets - finance 302,000 379,000
Prepaid expenses and other assets, net 82,495,000 82,763,000
Total assets 1,489,267,000 1,466,948,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Borrowings under credit agreement   60,000,000
Senior unsecured notes, net 623,435,000 523,850,000
Environmental remediation obligations 29,217,000 47,597,000
Dividends payable 19,619,000 19,467,000
Lease liability - operating 20,654,000 22,980,000
Lease liability - finance 1,650,000 2,005,000
Accounts payable and accrued liabilities 42,765,000 45,941,000
Total liabilities 737,340,000 721,840,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; unissued
Common stock, $0.01 par value; 100,000,000 shares authorized; 46,733,539 and 46,715,734 shares issued and outstanding, respectively 467,000 467,000
Additional paid-in capital 821,153,000 818,209,000
Dividends paid in excess of earnings (69,693,000) (73,568,000)
Total stockholders’ equity 751,927,000 745,108,000
Total liabilities and stockholders’ equity $ 1,489,267,000 $ 1,466,948,000