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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investments in real estate    
Land $ 2,348,670 $ 1,995,494
Buildings and improvements 1,858,948 1,561,532
Construction in progress 287,804 343,485
Intangible assets 177,258 147,329
Total investments in properties 4,672,680 4,047,840
Accumulated depreciation and amortization (445,544) (384,480)
Net investments in properties 4,227,136 3,663,360
Properties held for sale, net 10,844 0
Net investments in real estate 4,237,980 3,663,360
Cash and cash equivalents 243,670 165,400
Restricted cash 261 836
Other assets, net 88,960 75,081
Total assets 4,570,871 3,904,677
Liabilities    
Credit facility 0 0
Term loans payable, net 199,321 199,145
Senior unsecured notes, net 472,836 572,418
Security deposits 37,351 32,934
Intangible liabilities, net 91,250 84,718
Dividends payable 48,871 39,052
Accounts payable and other liabilities 89,947 61,783
Total liabilities 939,576 990,050
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 99,227,029 and 87,487,098 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. 994 876
Additional paid-in capital 3,594,034 2,849,961
Common stock held in deferred compensation plan: 508,663 and 508,663 shares at September 30, 2024 and December 31, 2023, respectively. (31,788) (31,788)
Retained earnings 68,055 95,578
Total stockholders’ equity 3,631,295 2,914,627
Total liabilities and equity $ 4,570,871 $ 3,904,677