Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate:
Land	$ 681,144	$ 669,351
Buildings and improvements	491,912	442,220
Construction in progress	965	2,080
Total real estate held for use, gross	1,174,021	1,113,651
Less accumulated depreciation and amortization	(175,499)	(165,892)
Real estate, net	998,522	947,759
Investment in direct financing leases, net	79,767	82,366
Notes and mortgages receivable	29,675	30,855
Cash and cash equivalents	25,111	21,781
Restricted cash	2,009	1,883
Deferred rent receivable	42,879	41,252
Accounts receivable	3,945	3,063
Right-of-use assets - operating	17,953	21,191
Right-of-use assets - finance	875	987
Prepaid expenses and other assets, net	64,064	60,640
Total assets	1,264,800	1,211,777
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings under credit agreement	75,000	20,000
Senior unsecured notes, net	449,146	449,065
Environmental remediation obligations	49,273	50,723
Dividends payable	15,768	15,557
Lease liability - operating	18,614	21,844
Lease liability - finance	3,879	4,191
Accounts payable and accrued liabilities	58,612	60,958
Total liabilities	670,292	622,338
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; 41,796,469 and 41,367,846 shares issued and outstanding, respectively	418	414
Additional paid-in capital	669,805	656,127
Dividends paid in excess of earnings	(75,715)	(67,102)
Total stockholders’ equity	594,508	589,439
Total liabilities and stockholders’ equity	$ 1,264,800	$ 1,211,777