| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Investment property, net | $4.93B+41.8% | $3.48B+12.7% | $3.08B+4.9% | $2.94B+41.0% | $2.09B+33.8% | $1.56B+24.2% | $1.25B+59.3% | $787.2M+37.4% | $572.8M |
| Investments in real estate-related securities | $172.1M+4.6% | $164.6M+13.3% | $145.3M+8.6% | $133.7M+80.1% | $74.3M+45.2% | $51.1M+40.1% | $36.5M+280.2% | $9.6M | $0 |
| Cash and cash equivalents | $172.1M+30.0% | $132.4M+25.4% | $105.6M-5.9% | $112.1M-43.0% | $196.6M+251.1% | $56.0M+22.1% | $45.9M+69.0% | $27.1M+49.4% | $18.2M |
| Restricted cash | $9.6M+9.7% | $8.8M+7.2% | $8.2M-46.8% | $15.4M+4.0% | $14.8M-31.4% | $21.6M+104.2% | $10.6M+7.3% | $9.8M+54.3% | $6.4M |
| Derivative instruments | $28.8M+51.1% | $19.0M-31.8% | $27.9M+253690.9% | $11K-93.4% | $167K+659.1% | $22K-98.0% | $1.1M | $0-100.0% | $110K |
| Tenant and other receivables, net | $93.5M+5.0% | $89.0M+70.4% | $52.2M+1.7% | $51.3M+148.9% | $20.6M+23.9% | $16.6M+17.5% | $14.2M+57.4% | $9.0M+7.1% | $8.4M |
| Intangible lease assets, net | $408.5M+62.9% | $250.7M-12.3% | $286.0M-4.7% | $300.1M+29.1% | $232.4M+90.8% | $121.8M+23.6% | $98.5M+8.6% | $90.7M-4.7% | $95.1M |
| Financing lease right-of-use asset, net | $15.3M-0.8% | $15.5M-0.8% | $15.6M-0.8% | $15.7M-0.8% | $15.9M | $0 | — | — | — |
| Deferred leasing costs, net | $90.0M+45.1% | $62.0M-2.9% | $63.9M+9.3% | $58.4M+51.4% | $38.6M+120.9% | $17.5M-5.1% | $18.4M+38.7% | $13.3M+187.8% | $4.6M |
| Deferred financing costs, net | $6.3M+920.2% | $615K-3.5% | $637K-31.1% | $925K-49.9% | $1.8M+34.7% | $1.4M-40.6% | $2.3M | $0 | — |
| Other assets | $67.9M+17.0% | $58.0M+71.6% | $33.8M+62.2% | $20.8M-12.9% | $23.9M+25.5% | $19.1M+271.5% | $5.1M+169.0% | $1.9M-43.4% | $3.4M |
| Total assets | $5.99B+40.1% | $4.28B+11.9% | $3.82B+3.9% | $3.68B+36.0% | $2.70B+45.2% | $1.86B+18.4% | $1.57B+65.8% | $948.8M+33.8% | $709.0M |
| Accounts payable and accrued expenses | $123.7M+33.2% | $92.9M+20.3% | $77.2M-8.5% | $84.4M+36.5% | $61.8M+73.9% | $35.5M+19.1% | $29.8M+13.9% | $26.2M+68.2% | $15.6M |
| Intangible lease liabilities, net | $82.6M+52.6% | $54.1M-8.4% | $59.1M-14.5% | $69.1M+71.1% | $40.4M+88.7% | $21.4M+9.0% | $19.6M+8.9% | $18.0M+13.1% | $15.9M |
| Financing lease liability | $17.5M+0.3% | $17.5M+0.3% | $17.4M+0.3% | $17.4M+0.2% | $17.3M | $0 | — | — | — |
| Financing obligations | $1.23B+125.8% | $545.4M+184.1% | $192.0M+1314.6% | $13.6M | $0 | — | — | — | — |
| Distributions payable | $14.9M+11.8% | $13.4M+4.4% | $12.8M+5.2% | $12.2M+62.9% | $7.5M+52.2% | $4.9M+27.9% | $3.8M+89.6% | $2.0M+8.4% | $1.9M |
| Notes payable, net | $2.37B+46.6% | $1.62B+17.6% | $1.38B+5.6% | $1.30B+4.6% | $1.24B+41.3% | $880.8M+17.1% | $752.1M+54.3% | $487.4M+33.3% | $365.7M |
| Total liabilities | $4.01B+63.1% | $2.46B+32.5% | $1.86B+13.6% | $1.63B+11.3% | $1.47B+46.7% | $1.00B+2.0% | $982.0M+46.5% | $670.1M+53.9% | $435.5M |
| Commitments and contingencies (Note 13) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Preferred shares, $0.001 par value per share; 500,000 preferred shares authorized, none issued or outstanding as of December 31, 2025 and 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common shares, $0.001 par value per share (Note 8) | $296.00+11.3% | $266.00+2.7% | $259.00+3.6% | $250.00+62.3% | $154.00-99.9% | $104000.00+25.3% | $83000.00+88.6% | $44000.00+12.8% | $39000.00 |
| Additional paid-in capital | $2.89B+10.6% | $2.61B+2.7% | $2.54B+4.0% | $2.45B+69.8% | $1.44B+53.4% | $938.7M+27.6% | $735.5M+98.1% | $371.3M+10.2% | $336.8M |
| Accumulated distributions in excess of earnings | -$929.3M-19.7% | -$776.6M-35.5% | -$573.3M-49.7% | -$383.0M-80.7% | -$212.0M-113.1% | -$99.5M+32.3% | -$146.8M-60.1% | -$91.7M-34.5% | -$68.2M |
| Accumulated other comprehensive income (loss) | $22.2M+223.4% | -$18.0M-458.5% | -$3.2M+81.1% | -$17.1M-324.1% | $7.6M-66.6% | $22.8M+738.4% | $2.7M+411.6% | -$874K-117.7% | $4.9M |
| Total stockholders’ equity | $1.98B+9.0% | $1.82B-7.7% | $1.97B-3.9% | $2.05B+65.5% | $1.24B+43.4% | $862.2M+45.8% | $591.5M+112.2% | $278.7M+1.9% | $273.5M |
| Noncontrolling interests | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total equity | $1.98B+9.0% | $1.82B-7.7% | $1.97B-3.9% | $2.05B+65.5% | $1.24B+43.4% | $862.2M+45.8% | $591.5M+112.2% | $278.7M+1.9% | $273.5M |
| Total liabilities and equity | $5.99B+40.1% | $4.28B+11.9% | $3.82B+3.9% | $3.68B+36.0% | $2.70B+45.2% | $1.86B+18.4% | $1.57B+65.8% | $948.8M+33.8% | $709.0M |
| Related party | |||||||||
| Other liabilities | $90.3M+39.1% | $64.9M+12.9% | $57.5M+26.5% | $45.5M+65.9% | $27.4M+42.6% | $19.2M-10.2% | $21.4M-61.3% | $55.4M+544.0% | $8.6M |
| Nonrelated party | |||||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.