CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real estate properties:
Land	$ 44,060	$ 44,060
Buildings and improvements	371,550	367,827
Total real estate properties, at cost, gross	415,610	411,887
Accumulated depreciation	(180,266)	(180,535)
Total real estate properties, at cost, net	235,344	231,352
Cash and cash equivalents	2,170,834	2,160,535
Rents receivable	16,593	15,737
Other assets, net	16,915	17,417
Total assets	2,439,686	2,425,041
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	20,833	27,298
Rent collected in advance	2,166	1,990
Distributions payable	3,359	5,640
Total liabilities	26,358	34,928
Shareholders’ equity:
Series D preferred shares; 6.50% cumulative convertible; 4,915,196 shares issued and outstanding, aggregate liquidation preference of $122,880	119,263	119,263
Common shares of beneficial interest, $0.01 par value: 350,000,000 shares authorized; 107,223,284 and 106,847,438 shares issued and outstanding, respectively	1,072	1,068
Additional paid in capital	3,935,501	3,935,873
Cumulative net income	3,952,384	3,926,979
Cumulative common distributions	(4,864,195)	(4,864,440)
Cumulative preferred distributions	(735,673)	(733,676)
Total shareholders’ equity	2,408,352	2,385,067
Noncontrolling interest	4,976	5,046
Total equity	2,413,328	2,390,113
Total liabilities and equity	$ 2,439,686	$ 2,425,041