Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate investments, at cost:    
Land $ 222,730 $ 223,264
Buildings, fixtures and improvements 1,060,726 1,097,132
Total real estate investments, at cost 1,283,456 1,320,396
Less: accumulated depreciation 172,476 158,791
Total real estate investments, net 1,110,980 1,161,605
Accounts receivable, net 23,122 24,663
Intangible lease assets, net 97,977 126,364
Cash and cash equivalents 24,224 22,473
Other assets, net 83,550 88,828
Total assets 1,339,853 1,423,933
LIABILITIES AND EQUITY    
Mortgages payable, net 353,200 352,856
Credit facility revolver 107,000 116,000
Accounts payable and accrued expenses 26,941 30,479
Below-market lease liabilities, net 5,536 8,074
Distributions payable 5,595 5,578
Other liabilities, net 24,090 23,943
Total liabilities 522,362 536,930
Common stock, $0.001 par value, 100,000,000 shares authorized 55,947,802 and 55,783,548 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 56 56
Additional paid-in capital 1,146,199 1,144,636
Accumulated other comprehensive loss (14) (264)
Accumulated deficit (330,136) (258,805)
Total stockholders’ equity 816,105 885,623
Non-controlling interest 1,386 1,380
Total equity 817,491 887,003
Total liabilities and equity $ 1,339,853 $ 1,423,933