v3.24.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Rental Property:    
Land $ 716,613,000 $ 698,633,000
Buildings and improvements, net of accumulated depreciation of $998,633 and $921,846, respectively 4,982,291,000 4,838,522,000
Deferred leasing intangibles, net of accumulated amortization of $364,564 and $360,094, respectively 421,560,000 435,722,000
Total rental property, net 6,120,464,000 5,972,877,000
Cash and cash equivalents 33,273,000 20,741,000
Restricted cash 1,247,000 1,127,000
Tenant accounts receivable 125,172,000 128,274,000
Prepaid expenses and other assets 80,855,000 80,455,000
Interest rate swaps 54,510,000 50,418,000
Operating lease right-of-use assets 28,598,000 29,566,000
Total assets 6,444,119,000 6,283,458,000
Liabilities:    
Unsecured credit facility 127,000,000 402,000,000
Unsecured term loans, net 1,021,175,000 1,021,773,000
Unsecured notes, net 1,643,538,000 1,195,872,000
Mortgage notes, net 4,299,000 4,401,000
Accounts payable, accrued expenses and other liabilities 98,828,000 83,152,000
Tenant prepaid rent and security deposits 44,876,000 44,238,000
Dividends and distributions payable 22,936,000 22,726,000
Deferred leasing intangibles, net of accumulated amortization of $26,796 and $26,613, respectively 33,454,000 29,908,000
Operating lease liabilities 32,683,000 33,577,000
Total liabilities 3,028,789,000 2,837,647,000
Commitments and contingencies (Note 11)
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]    
Preferred stock 0 0
Common stock, par value $0.01 per share, 300,000,000 shares authorized at June 30, 2024 and December 31, 2023, 182,105,303 and 181,690,867 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1,821,000 1,817,000
Additional paid-in capital 4,276,498,000 4,272,376,000
Cumulative dividends in excess of earnings (987,218,000) (948,720,000)
Accumulated other comprehensive income 53,228,000 49,207,000
Total stockholders’ equity 3,344,329,000 3,374,680,000
Noncontrolling interest 71,001,000 71,131,000
Total equity 3,415,330,000 3,445,811,000
Total liabilities and equity $ 6,444,119,000 $ 6,283,458,000