Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate investments, at cost:    
Land $ 236,966 $ 238,225
Buildings, fixtures and improvements 1,127,590 1,128,400
Total real estate investments, at cost 1,364,556 1,366,625
Less: accumulated depreciation 141,093 133,379
Total real estate investments, net 1,223,463 1,233,246
Accounts receivable, net 24,697 21,641
Intangible lease assets, net 182,629 202,832
Cash and cash equivalents 23,755 20,638
Real estate assets held for sale, net 2,502 2,502
Other assets, net 89,826 90,214
Total assets 1,546,872 1,571,073
LIABILITIES AND EQUITY    
Mortgages payable, net 352,337 352,167
Credit facilities 174,153 173,815
Accounts payable and accrued expenses 19,957 26,161
Below-market lease liabilities, net 12,526 14,068
Distributions payable 5,666 5,664
Other liabilities, net 22,286 23,340
Total liabilities 586,925 595,215
Common stock, $0.001 par value, 100,000,000 shares authorized 56,663,927 and 56,639,040 shares issued and outstanding as of each of March 31, 2023 and December 31, 2022, respectively 57 57
Additional paid-in capital 1,147,466 1,147,014
Accumulated other comprehensive income 4,540 6,308
Accumulated deficit (193,516) (178,910)
Total stockholders’ equity 958,547 974,469
Non-controlling interest 1,400 1,389
Total equity 959,947 975,858
Total liabilities and equity $ 1,546,872 $ 1,571,073