Global Net Lease Quarterly Balance Sheets Chart
Quarterly
|
Annual
Global Net Lease Quarterly Balance Sheets Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2011-07-13 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, at cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 759,854,000 | 755,520,000 | 1,172,146,000 | 1,268,106,000 | 1,352,946,000 | 1,416,109,000 | 1,430,607,000 | 1,432,508,000 | 505,202,000 | 502,231,000 | 494,101,000 | 480,991,000 | 496,191,000 | 505,823,000 | 511,579,000 | 503,145,000 | 498,917,000 | 474,538,000 | 476,599,000 | 443,555,000 | 434,306,000 | 429,160,000 | 414,446,000 | 388,269,000 | 389,589,000 | 400,559,000 | 398,911,000 | 411,339,000 | 408,178,000 | 418,878,000 | 402,318,000 | 396,018,000 | 389,781,000 | 382,010,000 | 376,704,000 | 327,548,000 | 337,863,000 | 342,517,000 | 341,911,000 | 344,767,000 | 329,139,000 | 324,746,000 | 326,696,000 | 249,496,000 | 139,993,000 | 81,234,000 | 44,647,000 | 18,590,000 | 6,725,000 | 488,000 | 519,000 | |
buildings, fixtures and improvements | 4,028,243,000 | 3,972,434,000 | 5,293,468,000 | 5,505,148,000 | 5,631,557,000 | 5,819,563,000 | 5,842,314,000 | 5,810,267,000 | 3,347,831,000 | 3,331,471,000 | 3,276,656,000 | 3,195,358,000 | 3,329,017,000 | 3,394,391,000 | 3,424,431,000 | 3,343,308,000 | 3,324,480,000 | 3,106,860,000 | 3,124,884,000 | 2,832,166,000 | 2,768,183,000 | 2,736,228,000 | 2,685,325,000 | 2,463,275,000 | 2,441,341,000 | 2,353,473,000 | 2,345,202,000 | 2,289,697,000 | 2,219,486,000 | 2,218,176,000 | 2,138,405,000 | 2,079,734,000 | 2,040,217,000 | 1,989,383,000 | 1,967,930,000 | 1,633,826,000 | 1,665,084,000 | 1,692,322,000 | 1,685,919,000 | 1,702,345,000 | 1,542,773,000 | 1,512,846,000 | 1,519,558,000 | 1,015,742,000 | 447,088,000 | 253,253,000 | 104,362,000 | 38,726,000 | 6,007,000 | 1,138,000 | 1,210,000 | |
construction in progress | 1,580,000 | 2,024,000 | 4,350,000 | 5,504,000 | 6,913,000 | 1,887,000 | 23,242,000 | 27,842,000 | 37,262,000 | 34,221,000 | 26,717,000 | 16,601,000 | 2,795,000 | 6,377,000 | 6,975,000 | 6,076,000 | 6,458,000 | 5,876,000 | 5,486,000 | 4,905,000 | 13,720,000 | 12,912,000 | 11,725,000 | 8,185,000 | 12,821,000 | 12,495,000 | 1,235,000 | 527,000 | 2,970,000 | 2,572,000 | 2,328,000 | 180,000 | 180,000 | 28,000 | 145,000 | 145,000 | 9,706,000 | |||||||||||||||
acquired intangible lease assets | 633,647,000 | 648,368,000 | 1,057,967,000 | 1,128,991,000 | 1,215,530,000 | 1,248,937,000 | 1,359,981,000 | 1,366,597,000 | 727,678,000 | 739,067,000 | 689,275,000 | 670,337,000 | 696,281,000 | 710,418,000 | 748,363,000 | 731,002,000 | 736,442,000 | 707,964,000 | 711,985,000 | 670,575,000 | 656,790,000 | 649,562,000 | 651,768,000 | 641,307,000 | 653,665,000 | 647,678,000 | 675,551,000 | 656,361,000 | 642,472,000 | 648,353,000 | 629,626,000 | 615,656,000 | 608,052,000 | 594,319,000 | 587,061,000 | 496,907,000 | 510,407,000 | 518,753,000 | 518,294,000 | 524,264,000 | 486,825,000 | 477,945,000 | 484,079,000 | 429,620,000 | 230,805,000 | 175,988,000 | 47,899,000 | 32,703,000 | 7,793,000 | 805,000 | 856,000 | |
total real estate investments, at cost | 5,423,324,000 | 5,378,346,000 | 7,527,931,000 | 7,907,749,000 | 8,206,946,000 | 8,486,496,000 | 8,656,144,000 | 8,637,214,000 | 4,617,973,000 | 4,606,990,000 | 4,486,749,000 | 4,363,287,000 | 4,524,284,000 | 4,617,009,000 | 4,691,348,000 | 4,583,531,000 | 4,566,297,000 | 4,295,238,000 | 4,318,954,000 | 3,951,201,000 | 3,872,999,000 | 3,827,862,000 | 3,763,264,000 | 3,501,036,000 | 3,497,416,000 | 3,414,205,000 | 3,420,899,000 | 3,357,924,000 | 3,273,106,000 | 3,287,979,000 | 3,172,677,000 | 3,091,408,000 | 3,038,050,000 | 2,965,712,000 | 2,931,695,000 | 2,458,281,000 | 2,513,354,000 | 2,553,772,000 | 2,546,304,000 | 2,571,404,000 | 2,358,882,000 | 2,315,682,000 | 2,340,039,000 | 1,694,858,000 | 817,886,000 | 510,475,000 | 196,908,000 | 90,019,000 | 20,525,000 | 2,431,000 | 2,585,000 | |
less accumulated depreciation and amortization | -1,056,957,000 | -1,016,159,000 | -1,164,629,000 | -1,138,714,000 | -1,128,555,000 | -1,068,106,000 | -1,083,824,000 | -1,003,597,000 | -963,745,000 | -936,182,000 | -891,479,000 | -828,682,000 | -828,751,000 | -810,182,000 | -810,686,000 | -782,025,000 | -753,749,000 | -710,902,000 | -675,200,000 | -625,098,000 | -579,650,000 | -543,062,000 | -517,123,000 | -499,507,000 | -481,639,000 | -467,657,000 | -437,974,000 | -420,913,000 | -391,269,000 | -375,484,000 | -339,931,000 | -308,463,000 | -276,336,000 | -242,508,000 | -216,055,000 | -199,130,000 | -179,106,000 | -157,670,000 | -133,329,000 | -109,922,000 | -87,080,000 | -63,133,000 | -42,568,000 | -30,344,000 | -15,240,000 | -6,924,000 | -2,307,000 | -948,000 | -205,000 | -70,000 | -30,000 | |
total real estate investments | 4,366,367,000 | 4,362,187,000 | 6,363,302,000 | 6,769,035,000 | 7,078,391,000 | 7,418,390,000 | 7,572,320,000 | 7,633,617,000 | 3,654,228,000 | 3,670,808,000 | 3,595,270,000 | 3,534,605,000 | 3,695,533,000 | 3,806,827,000 | 3,880,662,000 | 3,801,506,000 | 3,812,548,000 | 3,584,336,000 | 3,643,754,000 | 3,326,103,000 | 3,293,349,000 | 3,284,800,000 | 3,246,141,000 | 3,001,529,000 | 3,015,777,000 | 2,946,548,000 | 2,982,925,000 | 2,937,011,000 | 2,881,837,000 | 2,912,495,000 | 2,832,746,000 | 2,782,945,000 | 2,761,714,000 | 2,723,204,000 | 2,715,640,000 | 2,259,151,000 | 2,334,248,000 | 2,396,102,000 | 2,412,975,000 | 2,461,482,000 | 2,271,802,000 | 2,252,549,000 | 2,297,471,000 | 1,664,514,000 | 802,646,000 | 503,551,000 | 194,601,000 | 89,071,000 | 20,320,000 | 2,361,000 | 2,555,000 | |
real estate assets held for sale | 37,496,000 | 171,675,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
assets related to discontinued operations | 2,337,000 | 670,483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 144,809,000 | 147,047,000 | 159,698,000 | 127,249,000 | 122,181,000 | 131,880,000 | 121,566,000 | 133,439,000 | 100,918,000 | 119,161,000 | 103,335,000 | 128,014,000 | 111,211,000 | 123,502,000 | 89,668,000 | 176,393,000 | 174,862,000 | 262,868,000 | 124,245,000 | 300,000,000 | 316,824,000 | 343,447,000 | 270,302,000 | 305,962,000 | 178,722,000 | 95,267,000 | 100,324,000 | 155,188,000 | 93,326,000 | 106,733,000 | 102,425,000 | 71,301,000 | 67,411,000 | 72,354,000 | 69,831,000 | 50,273,000 | 40,501,000 | 45,787,000 | 69,938,000 | 32,080,000 | 61,642,000 | 76,329,000 | 64,684,000 | 263,948,000 | 936,544,000 | 280,378,000 | 11,500,000 | 14,583,000 | ||||
restricted cash | 37,339,000 | 59,144,000 | 64,510,000 | 53,526,000 | 50,312,000 | 51,817,000 | 40,833,000 | 44,998,000 | 4,268,000 | 1,432,000 | 1,110,000 | 6,634,000 | 5,926,000 | 4,572,000 | 3,643,000 | 2,666,000 | 2,053,000 | 1,352,000 | 1,448,000 | 808,000 | 758,000 | 4,355,000 | 3,985,000 | 3,950,000 | 12,953,000 | 3,368,000 | 3,369,000 | 3,491,000 | 2,873,000 | 2,690,000 | 5,302,000 | 5,314,000 | 5,139,000 | 5,149,000 | 7,497,000 | 3,660,000 | 3,334,000 | 4,310,000 | 3,319,000 | 4,076,000 | 4,122,000 | 4,852,000 | 6,104,000 | 7,192,000 | 2,012,000 | 2,288,000 | 737,000 | |||||
derivative assets, at fair value | 327,000 | 2,471,000 | 1,114,000 | 11,342,000 | 12,144,000 | 10,615,000 | 26,400,000 | 27,649,000 | 30,798,000 | 37,279,000 | 48,611,000 | 25,517,000 | 15,262,000 | 4,260,000 | 2,648,000 | 560,000 | 934,000 | 525,000 | 1,898,000 | 4,040,000 | 5,373,000 | 4,151,000 | 7,473,000 | 5,658,000 | 6,854,000 | 8,730,000 | 10,442,000 | 7,568,000 | 4,512,000 | 2,176,000 | ||||||||||||||||||||||
unbilled straight-line rent | 88,368,000 | 92,757,000 | 99,501,000 | 98,914,000 | 92,443,000 | 86,995,000 | 84,254,000 | 76,264,000 | 77,444,000 | 75,170,000 | 73,037,000 | 68,615,000 | 67,981,000 | 67,672,000 | 74,221,000 | 66,526,000 | 63,505,000 | 61,840,000 | 61,007,000 | 58,029,000 | 55,035,000 | 51,925,000 | 51,795,000 | 51,195,000 | 50,613,000 | 49,089,000 | 47,183,000 | 46,227,000 | 45,027,000 | 45,111,000 | 42,739,000 | 40,963,000 | 38,198,000 | 34,206,000 | 30,459,000 | 29,588,000 | ||||||||||||||||
operating lease right-of-use asset | 70,761,000 | 67,461,000 | 74,270,000 | 78,278,000 | 76,743,000 | 75,475,000 | 77,008,000 | 75,669,000 | 51,240,000 | 50,987,000 | 49,166,000 | 45,493,000 | 48,935,000 | 52,465,000 | 52,851,000 | 54,241,000 | 56,007,000 | 55,782,000 | 58,395,000 | 56,229,000 | 49,450,000 | 48,868,000 | 50,211,000 | 49,274,000 | ||||||||||||||||||||||||||||
prepaid expenses and other assets | 89,293,000 | 51,360,000 | 108,562,000 | 130,077,000 | 109,631,000 | 110,706,000 | 121,997,000 | 122,636,000 | 50,453,000 | 56,487,000 | 64,348,000 | 52,848,000 | 49,876,000 | 51,184,000 | 49,178,000 | 58,092,000 | 99,633,000 | 43,674,000 | 43,929,000 | 45,422,000 | 37,392,000 | 39,956,000 | 37,370,000 | 41,827,000 | 79,476,000 | 81,026,000 | 22,245,000 | 34,395,000 | 51,156,000 | 30,817,000 | 22,617,000 | 20,246,000 | 19,600,000 | 19,579,000 | 17,577,000 | 17,103,000 | 17,944,000 | 43,386,000 | 38,393,000 | 39,016,000 | 31,359,000 | 28,302,000 | 24,873,000 | 15,504,000 | 9,365,000 | 16,063,000 | 3,454,000 | 1,313,000 | 1,281,000 | 28,000 | 76,000 | -29,000 |
multi-tenant disposition receivable | 90,214,000 | 108,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 4,906,000 | 4,915,000 | 4,866,000 | 4,822,000 | 4,786,000 | 4,791,000 | 4,808,000 | 2,559,000 | 2,584,000 | 2,581,000 | 3,647,000 | 1,363,000 | 1,416,000 | 1,470,000 | 1,488,000 | 2,320,000 | 2,343,000 | 2,367,000 | 2,367,000 | 4,472,000 | 4,434,000 | 4,419,000 | 4,441,000 | 3,254,000 | 3,288,000 | 3,281,000 | 3,293,000 | 999,000 | 1,006,000 | 1,057,000 | 1,029,000 | 1,674,000 | 1,645,000 | 1,591,000 | 1,586,000 | 2,565,000 | 2,561,000 | 2,572,000 | 2,552,000 | 2,905,000 | 2,426,000 | 2,425,000 | ||||||||||
goodwill | 46,009,000 | 44,842,000 | 51,370,000 | 52,255,000 | 50,020,000 | 48,540,000 | 46,976,000 | 51,018,000 | 21,556,000 | 21,550,000 | 20,355,000 | 21,075,000 | 21,808,000 | |||||||||||||||||||||||||||||||||||||||
deferred financing costs | 7,017,000 | 8,407,000 | 9,808,000 | 11,209,000 | 12,610,000 | 14,011,000 | 15,412,000 | 16,814,000 | 11,100,000 | 11,954,000 | 12,808,000 | 13,661,000 | 14,515,000 | 4,171,000 | 4,925,000 | 5,712,000 | 6,499,000 | 7,269,000 | 7,878,000 | 8,652,000 | 9,416,000 | 10,177,000 | 10,938,000 | 14,652,000 | 5,090,000 | 5,704,000 | 6,311,000 | 6,932,000 | 5,833,000 | 6,540,000 | 6,774,000 | 7,412,000 | 320,000 | 626,000 | 1,092,000 | 3,816,000 | 11,855,000 | 13,785,000 | 12,706,000 | 12,928,000 | ||||||||||||
total assets | 4,984,916,000 | 5,789,334,000 | 6,955,764,000 | 7,335,870,000 | 7,612,713,000 | 7,968,796,000 | 8,098,977,000 | 8,184,713,000 | 4,001,876,000 | 4,041,496,000 | 3,961,826,000 | 3,965,568,000 | 4,044,536,000 | 4,152,740,000 | 4,182,956,000 | 4,203,054,000 | 4,241,016,000 | 4,043,857,000 | 3,967,014,000 | 3,824,471,000 | 3,792,992,000 | 3,815,353,000 | 3,701,605,000 | 3,608,599,000 | 3,494,759,000 | 3,323,761,000 | 3,309,478,000 | 3,217,058,000 | 3,111,085,000 | 3,133,122,000 | 3,038,595,000 | 2,953,301,000 | 2,932,977,000 | 2,897,636,000 | 2,891,467,000 | 2,406,223,000 | 2,436,306,000 | 2,501,330,000 | 2,547,968,000 | 2,562,238,000 | 2,393,761,000 | 2,390,889,000 | 2,428,797,000 | 1,965,462,000 | 1,762,673,000 | 819,992,000 | 214,927,000 | 107,478,000 | 50,861,000 | 9,249,000 | 2,933,000 | |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 1,312,718,000 | 1,774,116,000 | 2,221,706,000 | 2,273,464,000 | 2,268,801,000 | 2,481,263,000 | 2,517,868,000 | 2,571,664,000 | 995,184,000 | 1,240,795,000 | 1,233,081,000 | 1,258,179,000 | 1,345,936,000 | 1,399,713,000 | 1,430,915,000 | 1,484,890,000 | 1,487,083,000 | 1,347,484,000 | 1,363,698,000 | 1,417,712,000 | 1,303,161,000 | 1,249,308,000 | 1,272,154,000 | 1,366,818,000 | 1,286,033,000 | 1,131,072,000 | 1,129,807,000 | 974,515,000 | 975,929,000 | 1,038,894,000 | 984,876,000 | 531,708,000 | 509,427,000 | 337,397,000 | 261,910,000 | 281,186,000 | 172,483,000 | 179,624,000 | 171,004,000 | 76,904,000 | 31,644,000 | 10,202,000 | ||||||||||
revolving credit facility | 740,682,000 | 547,406,000 | 1,390,292,000 | 1,583,936,000 | 1,735,603,000 | 1,760,182,000 | 1,744,182,000 | 1,609,931,000 | 1,038,502,000 | 767,942,000 | 669,968,000 | 605,109,000 | 558,914,000 | 260,270,000 | 225,566,000 | 118,676,000 | 167,885,000 | 125,864,000 | 111,132,000 | 264,009,000 | 344,592,000 | 399,213,000 | 199,071,000 | 101,405,000 | 259,527,000 | 260,409,000 | 363,894,000 | 455,556,000 | 418,034,000 | |||||||||||||||||||||||
senior notes | 916,864,000 | 911,416,000 | 906,101,000 | 900,905,000 | 895,830,000 | 890,879,000 | 886,045,000 | 881,320,000 | 493,810,000 | 493,464,000 | 493,122,000 | 492,773,000 | 492,423,000 | 492,077,000 | 491,735,000 | 491,386,000 | 491,036,000 | 490,692,000 | 490,345,000 | |||||||||||||||||||||||||||||||||
acquired intangible lease liabilities | 19,863,000 | 20,441,000 | 76,800,000 | 80,125,000 | 89,401,000 | 92,823,000 | 95,810,000 | 98,323,000 | 23,091,000 | 23,852,000 | 24,550,000 | 24,759,000 | 27,063,000 | 28,158,000 | 29,345,000 | 30,714,000 | 30,847,000 | 31,503,000 | 32,970,000 | 29,402,000 | 29,564,000 | 29,398,000 | 30,529,000 | 31,559,000 | 32,724,000 | 32,885,000 | 35,757,000 | 32,118,000 | 32,787,000 | 31,967,000 | 31,388,000 | 33,041,000 | ||||||||||||||||||||
derivative liabilities, at fair value | 10,788,000 | 2,679,000 | 3,719,000 | 18,656,000 | 1,557,000 | 3,705,000 | 5,145,000 | 269,000 | 1,798,000 | 1,033,000 | 328,000 | 155,000 | 991,000 | 4,259,000 | 8,729,000 | 13,228,000 | 14,835,000 | 19,984,000 | 18,546,000 | 17,542,000 | 14,035,000 | 7,507,000 | 10,638,000 | 7,204,000 | 5,908,000 | 3,886,000 | 3,071,000 | 5,976,000 | 19,738,000 | 15,791,000 | ||||||||||||||||||||||
accounts payable and accrued expenses | 45,878,000 | 47,789,000 | 75,735,000 | 90,653,000 | 85,753,000 | 100,963,000 | 99,014,000 | 117,993,000 | 31,265,000 | 30,882,000 | 22,889,000 | 27,558,000 | 23,975,000 | 29,218,000 | 25,887,000 | 36,503,000 | 29,174,000 | 30,025,000 | 28,310,000 | 28,776,000 | 27,122,000 | 22,762,000 | 22,903,000 | 20,741,000 | 46,244,000 | 43,494,000 | 31,529,000 | 26,369,000 | 27,152,000 | 27,320,000 | 23,227,000 | 24,553,000 | 23,181,000 | 22,581,000 | 22,861,000 | 17,058,000 | 18,003,000 | 19,623,000 | 18,659,000 | 22,698,000 | 22,774,000 | 22,776,000 | 19,357,000 | 9,623,000 | 8,357,000 | 6,611,000 | 2,519,000 | 1,446,000 | 1,721,000 | 2,465,000 | 2,433,000 | 45,000 |
operating lease liability | 42,244,000 | 40,673,000 | 48,333,000 | 50,126,000 | 49,575,000 | 47,704,000 | 48,369,000 | 47,893,000 | 22,329,000 | 22,029,000 | 21,877,000 | 20,255,000 | 21,728,000 | 23,247,000 | 22,771,000 | 23,436,000 | 24,192,000 | 24,085,000 | 25,350,000 | 24,458,000 | 23,649,000 | 23,363,000 | 23,985,000 | 23,547,000 | ||||||||||||||||||||||||||||
prepaid rent | 36,625,000 | 14,389,000 | 28,734,000 | 44,821,000 | 45,722,000 | 47,534,000 | 46,213,000 | 47,070,000 | 28,844,000 | 37,849,000 | 28,456,000 | 40,502,000 | 32,396,000 | 36,228,000 | 32,756,000 | 39,225,000 | 36,404,000 | 26,580,000 | 21,481,000 | 22,413,000 | 17,359,000 | 17,448,000 | 17,236,000 | 20,338,000 | 21,119,000 | 20,816,000 | 16,223,000 | 17,258,000 | 16,690,000 | 21,489,000 | 18,535,000 | 20,511,000 | 20,864,000 | 20,476,000 | 18,429,000 | 14,040,000 | 14,389,000 | 13,601,000 | 15,491,000 | 12,890,000 | 11,891,000 | |||||||||||
deferred tax liability | 7,083,000 | 5,991,000 | 5,477,000 | 6,152,000 | 5,626,000 | 5,718,000 | 6,009,000 | 6,029,000 | 6,395,000 | 6,386,000 | 7,264,000 | 6,423,000 | 7,196,000 | 7,983,000 | 8,254,000 | 11,357,000 | 11,699,000 | 12,157,000 | 12,157,000 | 15,146,000 | 14,559,000 | 14,289,000 | 14,975,000 | 14,603,000 | 15,140,000 | 14,960,000 | 15,227,000 | 15,417,000 | 15,511,000 | 16,269,000 | 15,861,000 | 15,583,000 | 15,120,000 | 15,670,000 | 15,065,000 | 4,113,000 | 4,079,000 | 4,159,000 | 4,016,000 | |||||||||||||
dividends payable | 11,943,000 | 11,990,000 | 11,909,000 | 11,830,000 | 11,581,000 | 11,357,000 | 11,173,000 | 10,995,000 | 5,139,000 | 5,208,000 | 5,189,000 | 5,170,000 | 5,511,000 | 5,428,000 | 5,386,000 | 5,394,000 | 5,386,000 | 5,386,000 | 5,152,000 | 5,014,000 | 4,934,000 | 4,934,000 | 4,006,000 | 3,416,000 | 3,001,000 | 2,721,000 | 2,664,000 | 2,638,000 | 2,341,000 | 2,426,000 | 2,556,000 | 461,000 | 55,000 | 29,000 | 34,000 | 30,000 | 30,000 | 33,000 | 407,000 | 249,000 | ||||||||||||
real estate liabilities held for sale | 379,000 | 1,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to discontinued operations | 7,470,000 | 495,515,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 3,152,537,000 | 3,873,782,000 | 4,768,806,000 | 5,060,668,000 | 5,189,449,000 | 5,442,128,000 | 5,459,828,000 | 5,391,487,000 | 2,646,707,000 | 2,629,884,000 | 2,507,907,000 | 2,480,994,000 | 2,516,618,000 | 2,557,402,000 | 2,556,321,000 | 2,534,652,000 | 2,588,417,000 | 2,396,628,000 | 2,412,735,000 | 2,242,572,000 | 2,181,437,000 | 2,165,396,000 | 1,991,647,000 | 1,983,252,000 | 1,949,132,000 | 1,786,199,000 | 1,880,732,000 | 1,811,112,000 | 1,762,488,000 | 1,738,627,000 | 1,624,352,000 | 1,551,655,000 | 1,605,398,000 | 1,566,418,000 | 1,535,486,000 | 1,255,425,000 | 1,265,887,000 | 1,312,425,000 | 1,327,849,000 | 1,325,042,000 | 1,127,694,000 | 970,526,000 | 1,012,128,000 | 523,779,000 | 293,563,000 | 248,675,000 | 92,207,000 | 40,202,000 | 12,496,000 | 3,737,000 | 3,729,000 | |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2025 and december 31, 2024 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of june 30, 2025 and december 31, 2024 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of june 30, 2025 and december 31, 2024 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of june 30, 2025 and december 31, 2024 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,541,000 | 3,617,000 | 3,640,000 | 3,638,000 | 3,638,000 | 3,639,000 | 3,639,000 | 3,638,000 | 2,374,000 | 2,371,000 | 2,371,000 | 2,371,000 | 2,371,000 | 2,369,000 | 2,369,000 | 2,369,000 | 2,335,000 | 2,286,000 | 2,227,000 | 2,227,000 | 2,225,000 | 2,225,000 | 2,225,000 | 2,225,000 | 2,169,000 | 2,169,000 | 2,091,000 | 2,051,000 | 2,003,000 | 2,003,000 | 2,003,000 | 2,003,000 | 2,003,000 | 1,990,000 | 1,990,000 | 1,705,000 | 1,692,000 | 1,692,000 | 1,692,000 | 1,692,000 | 1,692,000 | 1,799,000 | 1,782,000 | 1,762,000 | 1,723,000 | 692,000 | 157,000 | 88,000 | 50,000 | 10,000 | 3,000 | |
additional paid-in capital | 4,288,338,000 | 4,342,134,000 | 4,359,264,000 | 4,354,823,000 | 4,353,095,000 | 4,351,577,000 | 4,350,112,000 | 4,349,401,000 | 2,690,375,000 | 2,683,827,000 | 2,683,169,000 | 2,682,600,000 | 2,680,737,000 | 2,678,030,000 | 2,675,154,000 | 2,674,710,000 | 2,616,383,000 | 2,540,522,000 | 2,418,659,000 | 2,413,117,000 | 2,408,527,000 | 2,408,452,000 | 2,408,353,000 | 2,322,419,000 | 2,196,183,000 | 2,183,829,000 | 2,031,981,000 | 1,954,264,000 | 1,859,990,000 | 1,859,746,000 | 1,860,058,000 | 1,826,236,000 | 1,729,596,000 | 1,708,870,000 | 1,708,541,000 | 1,488,996,000 | 1,480,376,000 | 1,480,281,000 | 1,480,162,000 | 1,479,879,000 | 1,480,585,000 | 1,591,778,000 | 1,575,592,000 | 1,558,509,000 | 1,529,345,000 | 606,345,000 | 133,592,000 | 74,017,000 | 40,481,000 | 6,048,000 | -311,000 | |
accumulated other comprehensive income | 33,452,000 | -14,096,000 | -602,000 | 11,593,000 | 3,702,000 | 1,147,000 | -24,899,000 | -9,514,000 | 15,309,000 | 15,546,000 | 10,527,000 | 17,303,000 | 13,885,000 | 8,073,000 | -5,630,000 | -5,421,000 | 493,000 | 20,195,000 | -14,618,000 | -3,982,000 | 214,000 | 6,810,000 | 17,102,000 | 19,116,000 | 34,593,000 | 19,447,000 | 9,118,000 | -5,589,000 | -448,000 | 181,000 | -1,295,000 | 319,000 | 159,000 | |||||||||||||||||||
accumulated deficit | -2,493,192,000 | -2,414,684,000 | -2,150,342,000 | -2,069,400,000 | -1,929,107,000 | -1,818,753,000 | -1,702,143,000 | -1,560,738,000 | -1,368,678,000 | -1,295,547,000 | -1,247,781,000 | -1,188,266,000 | -1,156,198,000 | -1,108,645,000 | -1,072,462,000 | -1,022,986,000 | -984,958,000 | -933,695,000 | -896,547,000 | -847,322,000 | -810,923,000 | -776,002,000 | -733,245,000 | -694,714,000 | -656,411,000 | -653,956,000 | -615,448,000 | -569,448,000 | -532,566,000 | -502,026,000 | -468,396,000 | -437,962,000 | -404,209,000 | -373,917,000 | -346,058,000 | -331,754,000 | -310,600,000 | -296,344,000 | -272,812,000 | -255,460,000 | -230,578,000 | -160,625,000 | -155,116,000 | -118,140,000 | -62,139,000 | -34,425,000 | -11,348,000 | -6,684,000 | -2,325,000 | -527,000 | -445,000 | |
total stockholders’ equity | 1,832,379,000 | 1,915,552,000 | 2,186,958,000 | 2,272,550,000 | 2,421,033,000 | 2,524,859,000 | 2,637,752,000 | 2,791,939,000 | 1,335,779,000 | 1,394,468,000 | 1,439,021,000 | 1,471,921,000 | 1,517,511,000 | 1,587,177,000 | 1,620,720,000 | 1,664,733,000 | 1,651,176,000 | 1,623,111,000 | 1,532,519,000 | 1,562,497,000 | 1,594,511,000 | 1,635,271,000 | 1,697,631,000 | 1,615,379,000 | 1,538,018,000 | |||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 4,984,916,000 | 5,789,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2025 and december 31, 2024 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of march 31, 2025 and december 31, 2024 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of march 31, 2025 and december 31, 2024 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of march 31, 2025 and december 31, 2024 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -15,755,000 | -16,751,000 | -6,833,000 | -11,844,000 | -2,689,000 | -13,388,000 | -16,695,000 | -15,259,000 | -15,819,000 | -11,881,000 | -3,649,000 | -4,277,000 | 940,000 | -12,589,000 | -145,000 | -19,000 | -43,000 | |||||||||||||||||||||||||||||||||||
assets held for sale | 17,406,000 | 9,391,000 | 4,254,000 | 14,047,000 | 3,188,000 | 1,299,000 | 45,125,000 | 2,244,000 | 3,360,000 | 10,433,000 | 107,868,000 | 121,064,000 | 110,679,000 | 112,902,000 | 31,984,000 | |||||||||||||||||||||||||||||||||||||
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 december 31, 2024 and 2023 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of december 31, 2024 and 2023 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of december 31, 2024 and 2023 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of december 31, 2024 and 2023 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss income | -25,844,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 2,652,000 | 2,231,000 | 1,809,000 | 1,397,000 | 1,287,000 | 19,390,000 | 17,144,000 | 14,898,000 | 12,653,000 | 10,407,000 | 8,161,000 | 5,915,000 | 3,669,000 | 1,423,000 | 24,118,000 | 21,760,000 | 19,402,000 | 17,044,000 | 14,686,000 | 12,327,000 | 9,968,000 | 7,609,000 | 5,251,000 | 3,258,000 | 1,923,000 | 125,000 | 1,077,000 | 2,211,000 | 2,878,000 | 7,663,000 | 8,203,000 | 7,110,000 | 14,770,000 | 15,157,000 | 14,726,000 | 15,362,000 | ||||||||||||||||
total equity | 2,186,958,000 | 2,275,202,000 | 2,423,264,000 | 2,526,668,000 | 2,639,149,000 | 2,793,226,000 | 1,355,169,000 | 1,411,612,000 | 1,453,919,000 | 1,484,574,000 | 1,527,918,000 | 1,595,338,000 | 1,626,635,000 | 1,668,402,000 | 1,652,599,000 | 1,647,229,000 | 1,554,279,000 | 1,581,899,000 | 1,611,555,000 | 1,649,957,000 | 1,709,958,000 | 1,625,347,000 | 1,545,627,000 | 1,537,562,000 | 1,428,746,000 | 1,405,946,000 | 1,348,597,000 | 1,394,495,000 | 1,414,243,000 | 1,401,646,000 | 1,327,579,000 | 1,331,218,000 | 1,355,981,000 | 1,150,798,000 | 1,170,419,000 | 1,188,905,000 | 1,220,119,000 | 1,237,196,000 | 1,266,067,000 | |||||||||||||
total liabilities and equity | 6,955,764,000 | 7,335,870,000 | 7,612,713,000 | 7,968,796,000 | 8,098,977,000 | 8,184,713,000 | 4,001,876,000 | 4,041,496,000 | 3,961,826,000 | 3,965,568,000 | 4,044,536,000 | 4,152,740,000 | 4,182,956,000 | 4,203,054,000 | 4,241,016,000 | 4,043,857,000 | 3,967,014,000 | 3,824,471,000 | 3,792,992,000 | 3,815,353,000 | 3,701,605,000 | 3,608,599,000 | 3,494,759,000 | 3,323,761,000 | 3,309,478,000 | 3,217,058,000 | 3,111,085,000 | 3,133,122,000 | 3,038,595,000 | 2,953,301,000 | 2,932,977,000 | 2,897,636,000 | 2,891,467,000 | 2,406,223,000 | 2,436,306,000 | 2,501,330,000 | 2,547,968,000 | 2,562,238,000 | 2,393,761,000 | |||||||||||||
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 september 30, 2024 and december 31, 2023 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of september 30, 2024 and december 31, 2023 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of september 30, 2024 and december 31, 2023 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of september 30, 2024 and december 31, 2023 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2024 and december 31, 2023 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of june 30, 2024 and december 31, 2023 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of june 30, 2024 and december 31, 2023 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of june 30, 2024 and december 31, 2023 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2024 and december 31, 2023 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of march 31, 2024 and december 31, 2023 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, issued and outstanding as of march 31, 2024 and december 31, 2023 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, issued and outstanding as of march 31, 2024 and december 31, 2023 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
due from related parties | 436,000 | 568,000 | 464,000 | 244,000 | 307,000 | 447,000 | 181,000 | 351,000 | 346,000 | 377,000 | 366,000 | 351,000 | 345,000 | 351,000 | 20,000 | 20,000 | 20,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | |||||||||||||||||||||||
due to related parties | 350,000 | 444,000 | 1,183,000 | 76,000 | 1,321,000 | 892,000 | 893,000 | 294,000 | 845,000 | 2,002,000 | 24,000 | 196,000 | 342,000 | 299,000 | 124,000 | 472,000 | 790,000 | 782,000 | 779,000 | 770,000 | 829,000 | 1,233,000 | 1,428,000 | 1,348,000 | 2,162,000 | 680,000 | 665,000 | 414,000 | ||||||||||||||||||||||||
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 december 31, 2023 and 2022 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of december 31, 2023 and 2022 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, 7,933,711 shares issued and outstanding as of december 31, 2023 and no shares authorized, issued and outstanding as of december 31, 2022 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, 4,595,175 shares issued and outstanding as of december 31, 2023 and no shares authorized, issued and outstanding as of december 31, 2022 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 september 30, 2023 and december 31, 2022 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of september 30, 2023 and december 31, 2022 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.500% series d cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 7,933,711 shares authorized, 7,933,711 shares issued and outstanding as of september 30, 2023 and no shares authorized, issued and outstanding as of december 31, 2022 | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.375% series e cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 4,595,175 shares authorized, 4,595,175 shares issued and outstanding as of september 30, 2023 and no shares authorized, issued and outstanding as of december 31, 2022 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2023 and december 31, 2022 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of june 30, 2023 and december 31, 2022 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2023 and december 31, 2022 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 shares issued and outstanding as of march 31, 2023 and december 31, 2022 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 21,362,000 | 22,060,000 | 22,336,000 | 22,655,000 | 23,089,000 | 23,089,000 | 22,492,000 | 21,943,000 | 21,688,000 | 21,920,000 | 21,595,000 | 22,098,000 | 21,925,000 | 22,180,000 | 22,357,000 | 22,443,000 | 23,151,000 | 22,771,000 | 22,588,000 | 22,154,000 | 13,408,000 | 13,931,000 | 3,071,000 | 3,042,000 | 3,111,000 | 2,988,000 | 3,390,000 | 3,345,000 | 3,272,000 | 3,665,000 | ||||||||||||||||||||||
term loan | 273,197,000 | 278,554,000 | 284,342,000 | 291,189,000 | 287,172,000 | 300,154,000 | 417,072,000 | 398,955,000 | 390,450,000 | 397,893,000 | 389,885,000 | 277,403,000 | 273,414,000 | 278,727,000 | 282,463,000 | 224,510,000 | 236,783,000 | 229,905,000 | ||||||||||||||||||||||||||||||||||
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 december 31, 2022 and 2021 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 and 4,503,893 shares issued and outstanding as of december 31, 2022 and 2021, respectively | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
taxes payable | 190,000 | 1,046,000 | 3,000 | 613,000 | 48,000 | 2,228,000 | 925,000 | 1,933,000 | 948,000 | 2,475,000 | 6,797,000 | 7,366,000 | 7,492,000 | 9,059,000 | 3,596,000 | 3,893,000 | 3,713,000 | 5,201,000 | ||||||||||||||||||||||||||||||||||
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 september 30, 2022 and december 31, 2021 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,695,887 and 4,503,893 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2022 and december 31, 2021 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,685,712 and 4,503,893 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 46,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 december 31, 2021 and 2020 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,503,893 and 3,861,953 shares issued and outstanding as of december 31, 2021 and 2020, respectively | 45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 september 30, 2021 and december 31, 2020 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,503,893 and 3,861,953 shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively | 45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2021 and december 31, 2020 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,503,893 and 3,861,953 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively | 45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2021 and december 31, 2020 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 4,503,893 and 3,861,953 shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively | 45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 december 31, 2020 and 2019 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 3,861,953 and 3,450,000 shares issued and outstanding as of december 31, 2020 and 2019, respectively | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 september 30, 2020 and december 31, 2019 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 3,635,128 and 3,450,000 shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively | 37,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 june 30, 2020 and december 31, 2019 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 3,450,000 shares issued and outstanding as of june 30, 2020 and december 31, 2019 | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2020 and december 31, 2019 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 3,450,000 shares issued and outstanding as of march 31, 2020 and december 31, 2019 | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 december 31, 2019; 13,409,650 shares authorized, 5,416,890 shares issued and outstanding as of december 31, 2018 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
6.875% series b cumulative redeemable perpetual preferred stock, 0.01 par value, liquidation preference 25.00 per share, 11,450,000 shares authorized, 3,450,000 shares issued and outstanding as of december 31, 2019 and no shares authorized, issued and outstanding as of december 31, 2018 | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred stock, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 shares authorized, 6,682,448 and 5,416,890 issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred stock, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 shares authorized, 5,957,848 and 5,416,890 issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | 59,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred stock, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 shares authorized, 5,484,994 and 5,416,890 issued and outstanding as of march 31, 2019 and december 31, 2018, respectively | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,532,311,000 | 1,425,488,000 | 1,404,023,000 | 1,348,597,000 | 1,394,370,000 | 1,413,166,000 | 1,399,435,000 | 1,324,701,000 | 1,323,555,000 | 1,347,778,000 | 1,143,688,000 | 1,155,649,000 | 1,173,748,000 | 1,205,393,000 | 1,221,834,000 | 1,252,639,000 | 1,420,363,000 | 1,416,669,000 | 1,441,683,000 | 1,469,110,000 | 571,317,000 | 122,720,000 | 67,276,000 | 38,365,000 | 5,512,000 | -796,000 | ||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 and 5,409,650 authorized, 5,416,890 and 5,409,650 issued and outstanding as of december 31, 2018 and 2017, respectively | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 and 5,409,650 authorized, 5,416,890 and 5,409,650 issued and outstanding as of september 30, 2018 and december 31, 2017, respectively | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facilities | 458,880,000 | 342,023,000 | 298,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 and 5,409,650 authorized, 5,413,665 and 5,409,650 issued and outstanding as of june 30, 2018 and december 31, 2017, respectively | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, 0.01 par value, liquidation preference 25.00 per share, 13,409,650 and 5,409,650 authorized, 5,411,326 and 5,409,650 issued and outstanding as of march 31, 2018 and december 31, 2017, respectively | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
related party notes receivable acquired in merger | 1,285,000 | 3,211,000 | 5,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine facility | 55,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 16,670,000 shares authorized | ||||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, 0.01 par value, liquidation preference 25.00 per share, 5,409,650 authorized, issued and outstanding as of december 31, 2017 and no shares issued and outstanding as of december 31, 2016 | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, at cost: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives, at fair value | 842,000 | 15,495,000 | 24,292,000 | 28,700,000 | 4,996,000 | 6,559,000 | 3,582,000 | 5,812,000 | 5,451,000 | 5,698,000 | 9,633,000 | 13,638,000 | 4,056,000 | 1,030,000 | 555,000 | 734,000 | 310,000 | 397,000 | 22,000 | 53,000 | ||||||||||||||||||||||||||||||||
mortgage notes payable, net of deferred financing costs | 794,919,000 | 773,046,000 | 758,610,000 | 749,884,000 | 502,808,000 | 507,075,000 | 525,503,000 | |||||||||||||||||||||||||||||||||||||||||||||
term loan payable, net of deferred financing costs | 226,552,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage (discount) premium | -2,172,000 | -2,367,000 | -2,400,000 | -2,503,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine facility, net of discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||
below-market lease liabilities | 31,408,000 | 31,479,000 | 30,901,000 | 25,669,000 | 26,398,000 | 27,643,000 | 27,978,000 | 5,854,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 16,670,000 shares authorized: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
7.25% series a cumulative redeemable preferred shares, liquidation preference 25.00 per share, 4,600,000 shares authorized, 4,000,000 shares issued and outstanding as of september 30, 2017 and no shares issued and outstanding as of december 31, 2016. | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
credit facility | 722,108,000 | 698,203,000 | 616,614,000 | 671,023,000 | 673,674,000 | 703,263,000 | 717,286,000 | 735,357,000 | 596,115,000 | 633,396,000 | 659,268,000 | 299,747,000 | 71,628,000 | 36,289,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 16,670,000 shares authorized, none issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine discount | -17,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage premium | 315,000 | 436,000 | 555,000 | 676,000 | 798,000 | 921,000 | 1,123,000 | 1,165,000 | 1,290,000 | 1,415,000 | 1,539,000 | 1,663,000 | ||||||||||||||||||||||||||||||||||||||||
unbilled straight line rent | 27,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
credit facility deferred financing costs | 538,000 | 2,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, at fair value | 469,000 | 500,000 | 490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
due from affiliates | 136,000 | 53,000 | 192,000 | 29,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||
listing note, at fair value | 3,380,000 | 4,430,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
due to affiliates | 399,000 | 943,000 | 1,953,000 | 1,501,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at december 31, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
below-market lease liability | 28,878,000 | 20,881,000 | 20,881,000 | 21,676,000 | 8,743,000 | 8,827,000 | 6,651,000 | 3,872,000 | ||||||||||||||||||||||||||||||||||||||||||||
current taxes payable | 3,166,000 | 2,661,000 | 1,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
tender offer payable | 125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 13,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent | 11,370,000 | 12,252,000 | 18,105,000 | 6,702,000 | 4,836,000 | 1,862,000 | 883,000 | |||||||||||||||||||||||||||||||||||||||||||||
distributions payable | 10,798,000 | 10,709,000 | 10,268,000 | 9,028,000 | 3,603,000 | 840,000 | 492,000 | 258,000 | 46,000 | 15,000 | ||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 2,390,889,000 | 2,428,797,000 | 1,965,462,000 | 1,762,673,000 | 819,992,000 | 214,927,000 | 107,478,000 | 50,861,000 | 9,249,000 | 2,933,000 | ||||||||||||||||||||||||||||||||||||||||||
receivable for sale of common stock | 2,000 | 1,758,000 | 12,398,000 | 1,766,000 | 429,000 | 449,000 | 396,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | 2,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred costs | 15,270,000 | 10,246,000 | 9,318,000 | 4,759,000 | 2,135,000 | 1,772,000 | 343,000 | 32,000 | 40,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at december 31, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at september 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at june 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable | 12,813,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at march 31, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at september 30, 2013 and december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 28,071,000 | 6,359,000 | 262,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent and other liabilities | 315,000 | 49,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value, 50,000,000 authorized, none issued and outstanding at june 30, 2013 and december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative, at fair value | 73,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable | 1,155,000 | 1,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -80,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -61,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payments of offering costs | -434,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
advances from affiliate | 295,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 61,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs paid directly by affiliates | 90,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
• |
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