Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate investments, at cost:    
Land $ 223,706 $ 227,145
Buildings, fixtures and improvements 1,058,186 1,055,307
Total real estate investment, at cost 1,281,892 1,282,452
Less: accumulated depreciation 185,982 177,906
Total real estate investments, net 1,095,910 1,104,546
Accounts receivable, net 24,128 22,833
Intangible lease assets, net 89,525 95,944
Cash and cash equivalents 9,384 15,600
Real estate assets held for sale, net 14,923 9,671
Other assets, net 93,996 87,828
Total assets 1,327,866 1,336,422
LIABILITIES AND EQUITY    
Mortgages payable, net 371,403 371,222
Credit facility revolver 132,000 119,000
Accounts payable and accrued expenses 27,924 31,585
Below-market lease liabilities, net 19,988 20,596
Distributions payable 1,124 5,633
Other liabilities, net 20,631 23,130
Total liabilities 573,070 571,166
Common stock, $0.001 par value, 100,000,000 shares authorized 56,193,665 and 55,951,876 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 56 56
Additional paid-in capital 1,148,461 1,148,223
Accumulated other comprehensive loss (1) (15)
Accumulated deficit (395,036) (384,348)
Total stockholders’ equity 753,480 763,916
Non-controlling interest 1,316 1,340
Total equity 754,796 765,256
Total liabilities and equity $ 1,327,866 $ 1,336,422