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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate properties    
Land and land improvements $ 142,120 $ 136,532
Buildings, improvements, and lease intangibles 948,253 913,416
Personal property 317 299
Total real estate properties 1,090,690 1,050,247
Less accumulated depreciation (211,058) (200,810)
Total real estate properties, net 879,632 849,437
Cash and cash equivalents 3,805 3,491
Restricted cash 1,141 1,142
Real estate properties held for sale 7,466 7,466
Other assets, net 90,657 83,876
Total assets 982,701 945,412
Liabilities    
Debt, net 442,320 403,256
Accounts payable and accrued liabilities 11,775 12,032
Other liabilities, net 16,960 16,868
Total liabilities 471,055 432,156
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 450,000 shares authorized; 27,701 and 27,613 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 277 276
Additional paid-in capital 690,491 688,156
Cumulative net income 92,521 88,856
Accumulated other comprehensive income 21,490 16,417
Cumulative dividends (293,133) (280,449)
Total stockholders’ equity 511,646 513,256
Total liabilities and stockholders' equity $ 982,701 $ 945,412