Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate investments, at cost:    
Land $ 229,105 $ 238,225
Buildings, fixtures and improvements 1,111,646 1,128,400
Total real estate investments, at cost 1,340,751 1,366,625
Less: accumulated depreciation 149,147 133,379
Total real estate investments, net 1,191,604 1,233,246
Accounts receivable, net 24,960 21,641
Intangible lease assets, net 161,885 202,832
Cash and cash equivalents 42,209 20,638
Real estate assets held for sale, net 16,251 2,502
Other assets, net 90,998 90,214
Total assets 1,527,907 1,571,073
LIABILITIES AND EQUITY    
Mortgages payable, net 352,509 352,167
Accounts payable and accrued expenses 22,326 26,161
Below-market lease liabilities, net 10,996 14,068
Distributions payable 5,670 5,664
Other liabilities, net 23,682 23,340
Total liabilities 590,183 595,215
Common stock, $0.001 par value, 100,000,000 shares authorized 56,695,691 and 56,639,040 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 57 57
Additional paid-in capital 1,148,155 1,147,014
Accumulated other comprehensive income 3,026 6,308
Accumulated deficit (214,929) (178,910)
Total stockholders’ equity 936,309 974,469
Non-controlling interest 1,415 1,389
Total equity 937,724 975,858
Total liabilities and equity 1,527,907 1,571,073
Credit facility term loan, net    
LIABILITIES AND EQUITY    
Credit facilities 0 173,815
Credit facility revolver    
LIABILITIES AND EQUITY    
Credit facilities $ 175,000 $ 0