Consolidated Balance Sheets - USD ($)
$ in Thousands |
Jun. 30, 2022 |
Dec. 31, 2021 |
| Real estate assets held for investment: |
|
|
| Land and improvements |
$ 2,705,232
|
$ 2,516,715
|
| Buildings and improvements |
5,564,537
|
4,962,203
|
| Less: accumulated depreciation |
(1,141,430)
|
(1,033,391)
|
| Total real estate assets held for investment, net |
7,128,339
|
6,445,527
|
| Intangible lease assets, net |
443,345
|
426,972
|
| Real estate assets under direct financing leases, net |
7,441
|
7,442
|
| Real estate assets held for sale, net |
4,679
|
8,264
|
| Loans receivable, net |
23,023
|
10,450
|
| Total investments, net |
7,606,827
|
6,898,655
|
| Cash and cash equivalents |
5,444
|
17,799
|
| Deferred costs and other assets, net |
244,362
|
188,816
|
| Goodwill |
225,600
|
225,600
|
| Total assets |
8,082,233
|
7,330,870
|
| Liabilities: |
|
|
| Revolving credit facilities |
694,500
|
288,400
|
| Senior Unsecured Notes, net |
2,720,562
|
2,718,641
|
| Mortgages payable, net |
5,271
|
5,551
|
| Total debt, net |
3,420,333
|
3,012,592
|
| Intangible lease liabilities, net |
123,497
|
128,077
|
| Accounts payable, accrued expenses and other liabilities |
185,532
|
190,402
|
| Total liabilities |
3,729,362
|
3,331,071
|
| Commitments and contingencies (see Note 6) |
|
|
| Stockholders’ equity: |
|
|
| Preferred stock and paid in capital, $0.01 par value, 20,000,000 shares authorized: 6,900,000 shares issued and outstanding at both June 30, 2022 and December 31, 2021 |
166,177
|
166,177
|
| Common stock, $0.05 par value, 350,000,000 shares authorized: 136,341,685 and 127,699,235 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively |
6,817
|
6,385
|
| Capital in excess of common stock par value |
7,071,150
|
6,673,440
|
| Accumulated deficit |
(2,886,830)
|
(2,840,356)
|
| Accumulated other comprehensive loss |
(4,443)
|
(5,847)
|
| Total stockholders’ equity |
4,352,871
|
3,999,799
|
| Total liabilities and stockholders’ equity |
$ 8,082,233
|
$ 7,330,870
|