v3.24.2
CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Real estate properties $ 1,548,517 $ 1,567,866
Net investment in sales-type lease 21,396
Less accumulated depreciation (292,454) (268,046)
Real estate properties, net 1,277,459 1,299,820
Cash 23,548 14,493
Cash held in escrow 5,598 4,716
Restricted cash 6,983 6,995
Deferred lease intangibles, net 42,434 51,474
Other assets 40,445 42,734
Interest rate swaps 25,328 21,667
Total assets 1,421,795 1,441,899
Liabilities:    
Secured debt, net 262,834 266,887
Unsecured debt, net 448,326 447,990
Borrowings under line of credit 155,400 155,400
Accounts payable, accrued expenses and other liabilities 67,492 73,904
Deferred lease intangibles, net 5,134 6,044
Financing lease liability 2,284 2,271
Interest rate swaps 5 1,161
Total liabilities 941,475 953,657
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 45,396,286 and 45,250,184 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 454 452
Additional paid in capital 624,810 644,938
Accumulated deficit (175,074) (182,606)
Accumulated other comprehensive income 24,998 20,233
Total stockholders' equity 475,188 483,017
Non-controlling interest 5,132 5,225
Total equity 480,320 488,242
Total liabilities and equity $ 1,421,795 $ 1,441,899

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