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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Real estate investments, at cost (Note 3):    
Land $ 505,823 $ 511,579
Buildings, fixtures and improvements 3,394,391 3,424,431
Construction in progress 6,377 6,975
Acquired intangible lease assets 710,418 748,363
Total real estate investments, at cost 4,617,009 4,691,348
Less accumulated depreciation and amortization (810,182) (810,686)
Total real estate investments, net 3,806,827 3,880,662
Assets held for sale 3,360 0
Cash and cash equivalents 123,502 89,668
Restricted cash 4,572 3,643
Derivative assets, at fair value (Note 8) 15,262 4,260
Unbilled straight-line rent 67,672 74,221
Operating lease right-of-use asset (Note 10) 52,465 52,851
Prepaid expenses and other assets 51,184 49,178
Due from related parties 447  
Deferred tax assets 1,470 1,488
Goodwill 21,808 22,060
Deferred financing costs, net 4,171 4,925
Total Assets 4,152,740 4,182,956
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 4) 1,399,713 1,430,915
Revolving credit facility (Note 5) 260,270 225,566
Term loan, net (Note 5) 273,197 278,554
Senior notes, net (Note 6) 492,077 491,735
Acquired intangible lease liabilities, net 28,158 29,345
Derivative liabilities, at fair value (Note 8) 991 4,259
Due to related parties 892 893
Accounts payable and accrued expenses 29,218 25,887
Operating lease liability (Note 10) 23,247 22,771
Prepaid rent 36,228 32,756
Deferred tax liability 7,983 8,254
Taxes payable 0 0
Dividends payable 5,428 5,386
Total Liabilities 2,557,402 2,556,321
Commitments and contingencies (Note 10) 0 0
Stockholders’ Equity (Note 9):    
Common Stock, $0.01 par value, 250,000,000 shares authorized, 103,909,713 and 103,900,452 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 2,369 2,369
Additional paid-in capital 2,678,030 2,675,154
Accumulated other comprehensive income 15,309 15,546
Accumulated deficit (1,108,645) (1,072,462)
Total Stockholders’ Equity 1,587,177 1,620,720
Non-controlling interest 8,161 5,915
Total Equity 1,595,338 1,626,635
Total Liabilities and Equity 4,152,740 4,182,956
7.25% Series A cumulative redeemable preferred stock, $0.01 par value, liquidation preference $25.00 per share, 9,959,650 shares authorized, 6,799,467 shares issued and outstanding as of March 31, 2022 and December 31, 2021    
Stockholders’ Equity (Note 9):    
Cumulative redeemable preferred stock 68 68
6.875% Series B cumulative redeemable perpetual preferred stock, $0.01 par value, liquidation preference $25.00 per share, 11,450,000 shares authorized, 4,601,277 and 4,503,893 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively    
Stockholders’ Equity (Note 9):    
Cumulative redeemable preferred stock $ 46 $ 45