Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investment properties:    
Land and improvements $ 379,489 $ 408,064
Building and other improvements 461,874 492,937
Gross investment properties 841,363 901,001
Less: accumulated depreciation (49,244) (41,818)
Net investment properties 792,119 859,183
Cash and cash equivalents 46,115 38,026
Accounts receivable 36,171 39,504
Lease intangible assets, net 195,284 212,001
Right-of-use lease assets, net 83,884 85,254
Assets associated with investment properties held for sale 21,980 0
Other assets, net 669 522
Total assets 1,176,222 1,234,490
Liabilities:    
Accounts payable and accrued expenses 1,835 1,224
Lease intangible liabilities, net 78,884 93,078
Lease liabilities 37,791 37,763
Liabilities associated with investment properties held for sale 5,419 0
Other liabilities 8,230 8,603
Total liabilities 132,159 140,668
Commitments and contingencies (Note 4)
Equity:    
Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of September 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,952,120 1,952,120
Accumulated distributions in excess of earnings (908,057) (858,298)
Total equity 1,044,063 1,093,822
Total liabilities and equity $ 1,176,222 $ 1,234,490