| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Land | $772.4M+35.2% | $571.3M+23.9% | $460.9M+14.9% | $401.1M |
| Buildings and improvements | $1.59B+13.6% | $1.40B+21.8% | $1.15B+26.8% | $907.1M |
| Total real estate, at cost | $2.36B+19.9% | $1.97B+22.4% | $1.61B+23.1% | $1.31B |
| Less accumulated depreciation | -$188.9M-31.7% | -$143.4M-41.7% | -$101.2M-61.9% | -$62.5M |
| Property under development | $5.5M-10.1% | $6.1M-79.0% | $29.2M+73.8% | $16.8M |
| Real estate held for investment, net | $2.18B+18.8% | $1.83B+19.2% | $1.54B+21.9% | $1.26B |
| Assets held for sale | $41.0M-15.8% | $48.6M-7.3% | $52.5M+126.0% | $23.2M |
| Mortgage loans receivable, net | $142.5M+2.2% | $139.4M+21.8% | $114.5M+146.8% | $46.4M |
| Cash, cash equivalents, and restricted cash | $14.5M+1.0% | $14.3M-52.2% | $29.9M-57.6% | $70.5M |
| Lease intangible assets, net | $173.4M+5.5% | $164.4M+1.9% | $161.4M+6.9% | $151.0M |
| Other assets, net | $63.1M+8.3% | $58.2M+18.0% | $49.3M-5.2% | $52.1M |
| Total assets | $2.61B+15.7% | $2.26B+16.1% | $1.95B+21.2% | $1.61B |
| Term loans, net | $1.09B+75.6% | $622.6M+19.3% | $521.9M+39.8% | $373.3M |
| Revolving credit facility | $0-100.0% | $239.0M+198.8% | $80.0M-29.2% | $113.0M |
| Mortgage note payable, net | $7.8M-0.5% | $7.9M-0.4% | $7.9M-0.2% | $7.9M |
| Lease intangible liabilities, net | $16.9M-16.2% | $20.2M-20.4% | $25.4M-15.9% | $30.1M |
| Liabilities related to assets held for sale | $1.0M-46.9% | $1.9M+65.1% | $1.2M+185.2% | $406K |
| Accounts payable, accrued expenses, and other liabilities | $42.6M+43.5% | $29.7M-18.7% | $36.5M+61.9% | $22.5M |
| Total liabilities | $1.16B+26.1% | $921.2M+36.9% | $672.8M+22.9% | $547.3M |
| Common stock, $0.01 par value, 400,000,000 shares authorized; 93,070,533 and 81,602,232 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $931K+14.1% | $816K+11.5% | $732K+26.2% | $580K |
| Additional paid-in capital | $1.70B+12.8% | $1.51B+10.3% | $1.37B+25.3% | $1.09B |
| Distributions in excess of retained earnings | -$251.9M-34.0% | -$188.0M-67.5% | -$112.3M-67.7% | -$66.9M |
| Accumulated other comprehensive (loss) income | -$4.6M-144.7% | $10.2M+14.1% | $8.9M-62.2% | $23.7M |
| Total stockholders’ equity | $1.45B+8.6% | $1.33B+5.2% | $1.26B+20.6% | $1.05B |
| Noncontrolling interests | $6.6M-8.5% | $7.2M-16.0% | $8.5M-11.1% | $9.6M |
| Total equity | $1.45B+8.6% | $1.34B+5.1% | $1.27B+20.3% | $1.06B |
| Total liabilities and equity | $2.61B+15.7% | $2.26B+16.1% | $1.95B+21.2% | $1.61B |
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.