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Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. | text | 200.0 | monetaryItemType | text: <entity> 200.0 </entity> <entity type> monetaryItemType </entity type> <context> Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. </context> | us-gaap:DebtInstrumentFaceAmount |
Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. | text | 3.59 | percentItemType | text: <entity> 3.59 </entity> <entity type> percentItemType </entity type> <context> Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. | text | 93 | percentItemType | text: <entity> 93 </entity> <entity type> percentItemType </entity type> <context> Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $ 200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59 % (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. | text | 1.25 | monetaryItemType | text: <entity> 1.25 </entity> <entity type> monetaryItemType </entity type> <context> The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. </context> | us-gaap:DebtInstrumentFaceAmount |
The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. </context> | us-gaap:DebtInstrumentFaceAmount |
The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. | text | 18.5 | monetaryItemType | text: <entity> 18.5 </entity> <entity type> monetaryItemType </entity type> <context> The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. </context> | us-gaap:RepaymentsOfDebt |
The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. | text | 1.25 | monetaryItemType | text: <entity> 1.25 </entity> <entity type> monetaryItemType </entity type> <context> The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $ 1.25 billion revolving loan facility (the "Revolving Facility") and a $ 500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $ 18.5 million, net of borrowings, under its $ 1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. | text | 300.4 | monetaryItemType | text: <entity> 300.4 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. </context> | us-gaap:PaymentsOfDebtExtinguishmentCosts |
During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. | text | 3.650 | percentItemType | text: <entity> 3.650 </entity> <entity type> percentItemType </entity type> <context> During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. | text | 67.7 | monetaryItemType | text: <entity> 67.7 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. | text | 3.850 | percentItemType | text: <entity> 3.850 </entity> <entity type> percentItemType </entity type> <context> During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Operating Partnership repaid $ 300.4 million principal amount of the outstanding 3.650 % Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $ 67.7 million principal amount of the 3.850 % Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $ 0.6 million gain on extinguishment of debt during the year ended December 31, 2024. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. </context> | us-gaap:DebtInstrumentFaceAmount |
On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. | text | 5.500 | percentItemType | text: <entity> 5.500 </entity> <entity type> percentItemType </entity type> <context> On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. | text | 99.816 | percentItemType | text: <entity> 99.816 </entity> <entity type> percentItemType </entity type> <context> On January 12, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.500 % Senior Notes due 2034 (the "2034 Notes") at 99.816 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. </context> | us-gaap:DebtInstrumentFaceAmount |
On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. | text | 5.750 | percentItemType | text: <entity> 5.750 </entity> <entity type> percentItemType </entity type> <context> On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. | text | 99.222 | percentItemType | text: <entity> 99.222 </entity> <entity type> percentItemType </entity type> <context> On May 28, 2024, the Operating Partnership issued $ 400.0 million aggregate principal amount of 5.750 % Senior Notes due 2035 (the "2035 Notes") at 99.222 % of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750 % per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
As of December 31, 2024 and 2023, the Company had accrued interest of $ 62.8 million and $ 47.1 million outstanding, respectively. As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows: | text | 62.8 | monetaryItemType | text: <entity> 62.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had accrued interest of $ 62.8 million and $ 47.1 million outstanding, respectively. As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows: </context> | us-gaap:InterestPayableCurrentAndNoncurrent |
As of December 31, 2024 and 2023, the Company had accrued interest of $ 62.8 million and $ 47.1 million outstanding, respectively. As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows: | text | 47.1 | monetaryItemType | text: <entity> 47.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had accrued interest of $ 62.8 million and $ 47.1 million outstanding, respectively. As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows: </context> | us-gaap:InterestPayableCurrentAndNoncurrent |
As of December 31, 2024 and 2023, marketable securities included less than $ 0.1 million and $( 0.2 ) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, marketable securities included less than $ 0.1 million and $( 0.2 ) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years. </context> | us-gaap:MarketableSecuritiesUnrealizedGainLoss |
As of December 31, 2024 and 2023, marketable securities included less than $ 0.1 million and $( 0.2 ) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, marketable securities included less than $ 0.1 million and $( 0.2 ) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years. </context> | us-gaap:MarketableSecuritiesUnrealizedGainLoss |
The Company recognized $ 9.7 million, $ 9.3 million, and $ 9.0 million of Rental income based on percentage rents for the years ended December 31, 2024, 2023, and 2022, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. As of December 31, 2024 and 2023, receivables associated with the effects of recognizing rental income on a straight-line basis were $ 208.8 million and $ 180.8 million, respectively. | text | 208.8 | monetaryItemType | text: <entity> 208.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized $ 9.7 million, $ 9.3 million, and $ 9.0 million of Rental income based on percentage rents for the years ended December 31, 2024, 2023, and 2022, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. As of December 31, 2024 and 2023, receivables associated with the effects of recognizing rental income on a straight-line basis were $ 208.8 million and $ 180.8 million, respectively. </context> | us-gaap:DeferredRentReceivablesNet |
The Company recognized $ 9.7 million, $ 9.3 million, and $ 9.0 million of Rental income based on percentage rents for the years ended December 31, 2024, 2023, and 2022, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. As of December 31, 2024 and 2023, receivables associated with the effects of recognizing rental income on a straight-line basis were $ 208.8 million and $ 180.8 million, respectively. | text | 180.8 | monetaryItemType | text: <entity> 180.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized $ 9.7 million, $ 9.3 million, and $ 9.0 million of Rental income based on percentage rents for the years ended December 31, 2024, 2023, and 2022, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. As of December 31, 2024 and 2023, receivables associated with the effects of recognizing rental income on a straight-line basis were $ 208.8 million and $ 180.8 million, respectively. </context> | us-gaap:DeferredRentReceivablesNet |
As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28 % and 4.48 %, respectively. | text | 6.28 | percentItemType | text: <entity> 6.28 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28 % and 4.48 %, respectively. </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28 % and 4.48 %, respectively. | text | 4.48 | percentItemType | text: <entity> 4.48 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28 % and 4.48 %, respectively. </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 4.1 | sharesItemType | text: <entity> 4.1 </entity> <entity type> sharesItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 28.62 | perShareItemType | text: <entity> 28.62 </entity> <entity type> perShareItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockPricePerShare |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 116.6 | monetaryItemType | text: <entity> 116.6 </entity> <entity type> monetaryItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockConsiderationReceivedOnTransaction |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | not | sharesItemType | text: <entity> not </entity> <entity type> sharesItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 2.1 | sharesItemType | text: <entity> 2.1 </entity> <entity type> sharesItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 25.40 | perShareItemType | text: <entity> 25.40 </entity> <entity type> perShareItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockPricePerShare |
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. | text | 53.9 | monetaryItemType | text: <entity> 53.9 </entity> <entity type> monetaryItemType </entity type> <context> In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $ 400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $ 28.62 for total gross proceeds of $ 116.6 million, excluding commissions and fees of $ 2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $ 25.40 for total gross proceeds of $ 53.9 million, excluding commissions and fees of $ 0.8 million. As of December 31, 2024, $ 283.4 million of common stock remained available for issuance under the ATM Program. </context> | us-gaap:SaleOfStockConsiderationReceivedOnTransaction |
In November 2022, the Company renewed its share repurchase program (the "Repurchase Program") for up to $ 400.0 million of its common stock. The Repurchase Program is scheduled to expire on November 1, 2025, unless suspended or extended by the Company's board of directors. The Repurchase Program replaced the Company’s prior share repurchase program (the "Prior Repurchase Program"), which was scheduled to expire on January 9, 2023. During the years ended December 31, 2024, 2023, and 2022, the Company did not repurchase any shares of common stock. As of December 31, 2024, the Repurchase Program had $ 400.0 million of available repurchase capacity. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> In November 2022, the Company renewed its share repurchase program (the "Repurchase Program") for up to $ 400.0 million of its common stock. The Repurchase Program is scheduled to expire on November 1, 2025, unless suspended or extended by the Company's board of directors. The Repurchase Program replaced the Company’s prior share repurchase program (the "Prior Repurchase Program"), which was scheduled to expire on January 9, 2023. During the years ended December 31, 2024, 2023, and 2022, the Company did not repurchase any shares of common stock. As of December 31, 2024, the Repurchase Program had $ 400.0 million of available repurchase capacity. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the years ended December 31, 2024 and 2023, the Company withheld 0.6 million and 0.5 million shares of its common stock, respectively. | text | 0.6 | sharesItemType | text: <entity> 0.6 </entity> <entity type> sharesItemType </entity type> <context> In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the years ended December 31, 2024 and 2023, the Company withheld 0.6 million and 0.5 million shares of its common stock, respectively. </context> | us-gaap:StockRepurchasedDuringPeriodShares |
In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the years ended December 31, 2024 and 2023, the Company withheld 0.6 million and 0.5 million shares of its common stock, respectively. | text | 0.5 | sharesItemType | text: <entity> 0.5 </entity> <entity type> sharesItemType </entity type> <context> In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the years ended December 31, 2024 and 2023, the Company withheld 0.6 million and 0.5 million shares of its common stock, respectively. </context> | us-gaap:StockRepurchasedDuringPeriodShares |
During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. | text | 1.1050 | perShareItemType | text: <entity> 1.1050 </entity> <entity type> perShareItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. | text | 1.0525 | perShareItemType | text: <entity> 1.0525 </entity> <entity type> perShareItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. | text | 0.9800 | perShareItemType | text: <entity> 0.9800 </entity> <entity type> perShareItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. | text | 91.8 | monetaryItemType | text: <entity> 91.8 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. </context> | us-gaap:DividendsPayableCurrentAndNoncurrent |
During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. | text | 85.7 | monetaryItemType | text: <entity> 85.7 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $ 1.1050 per share/unit, $ 1.0525 per share/unit, and $ 0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $ 91.8 million and $ 85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. </context> | us-gaap:DividendsPayableCurrentAndNoncurrent |
During the year ended December 31, 2024, the Company completed the acquisition of 100 % of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. The acquired entities have issued and outstanding $ 0.2 million of redeemable preferred equity, which the Company did not acquire and are reflected within Non-controlling interests on the Company’s Consolidated Balance Sheets. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> During the year ended December 31, 2024, the Company completed the acquisition of 100 % of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. The acquired entities have issued and outstanding $ 0.2 million of redeemable preferred equity, which the Company did not acquire and are reflected within Non-controlling interests on the Company’s Consolidated Balance Sheets. </context> | us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired |
During the year ended December 31, 2024, the Company completed the acquisition of 100 % of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. The acquired entities have issued and outstanding $ 0.2 million of redeemable preferred equity, which the Company did not acquire and are reflected within Non-controlling interests on the Company’s Consolidated Balance Sheets. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Company completed the acquisition of 100 % of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. The acquired entities have issued and outstanding $ 0.2 million of redeemable preferred equity, which the Company did not acquire and are reflected within Non-controlling interests on the Company’s Consolidated Balance Sheets. </context> | us-gaap:RedeemableNoncontrollingInterestEquityPreferredRedemptionValue |
In February 2022, the Company's board of directors approved the 2022 Omnibus Incentive Plan (the “Plan”) and in April 2022, the Company's stockholders approved the Plan. The Plan provides for a maximum of 10.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock, RSUs, OP Units, performance awards, and other stock-based awards. Prior to the approval of the Plan, awards were issued under the 2013 Omnibus Incentive Plan that the Company's board of directors approved in 2013. | text | 10.0 | sharesItemType | text: <entity> 10.0 </entity> <entity type> sharesItemType </entity type> <context> In February 2022, the Company's board of directors approved the 2022 Omnibus Incentive Plan (the “Plan”) and in April 2022, the Company's stockholders approved the Plan. The Plan provides for a maximum of 10.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock, RSUs, OP Units, performance awards, and other stock-based awards. Prior to the approval of the Plan, awards were issued under the 2013 Omnibus Incentive Plan that the Company's board of directors approved in 2013. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
During the years ended December 31, 2024, 2023, and 2022, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based criteria or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.8 million, 0.7 million, and 0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, with vesting periods ranging from one to five years . For the service-based and performance-based RSU's granted, fair value is based on the Company’s grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions: | text | 0.8 | sharesItemType | text: <entity> 0.8 </entity> <entity type> sharesItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based criteria or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.8 million, 0.7 million, and 0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, with vesting periods ranging from one to five years . For the service-based and performance-based RSU's granted, fair value is based on the Company’s grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions: </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
During the years ended December 31, 2024, 2023, and 2022, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based criteria or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.8 million, 0.7 million, and 0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, with vesting periods ranging from one to five years . For the service-based and performance-based RSU's granted, fair value is based on the Company’s grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions: | text | 0.7 | sharesItemType | text: <entity> 0.7 </entity> <entity type> sharesItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based criteria or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.8 million, 0.7 million, and 0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, with vesting periods ranging from one to five years . For the service-based and performance-based RSU's granted, fair value is based on the Company’s grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions: </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount |
During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount |
During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount |
During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. | text | 13.9 | monetaryItemType | text: <entity> 13.9 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 20.0 million, $ 22.3 million, and $ 25.2 million of equity compensation expense, respectively, of which $ 2.0 million, $ 1.6 million, and $ 1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $ 13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The Company incurred income and other taxes of $ 2.7 million, $ 2.6 million, and $ 2.7 million for the years ended December 31, 2024, 2023, and 2022. These amounts are included in Other on the Company’s Consolidated Statements of Operations. See Note 1 for additional information regarding the Company’s income taxes and the Parent Company's REIT status. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company incurred income and other taxes of $ 2.7 million, $ 2.6 million, and $ 2.7 million for the years ended December 31, 2024, 2023, and 2022. These amounts are included in Other on the Company’s Consolidated Statements of Operations. See Note 1 for additional information regarding the Company’s income taxes and the Parent Company's REIT status. </context> | us-gaap:StateAndLocalIncomeTaxExpenseBenefitContinuingOperations |
The Company incurred income and other taxes of $ 2.7 million, $ 2.6 million, and $ 2.7 million for the years ended December 31, 2024, 2023, and 2022. These amounts are included in Other on the Company’s Consolidated Statements of Operations. See Note 1 for additional information regarding the Company’s income taxes and the Parent Company's REIT status. | text | 2.6 | monetaryItemType | text: <entity> 2.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company incurred income and other taxes of $ 2.7 million, $ 2.6 million, and $ 2.7 million for the years ended December 31, 2024, 2023, and 2022. These amounts are included in Other on the Company’s Consolidated Statements of Operations. See Note 1 for additional information regarding the Company’s income taxes and the Parent Company's REIT status. </context> | us-gaap:StateAndLocalIncomeTaxExpenseBenefitContinuingOperations |
The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. | text | 3.5 | percentItemType | text: <entity> 3.5 </entity> <entity type> percentItemType </entity type> <context> The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5 % of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $ 2.2 million, $ 2.0 million, and $ 1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations. </context> | us-gaap:DefinedContributionPlanCostRecognized |
In February 2025, the Operating Partnership repaid $ 632.3 million principal amount of the 2025 Notes, representing all of the outstanding 2025 Notes. The Operating Partnership funded the 2025 Notes repayment with proceeds from the issuance of the 2035 Notes and liquidity available under the Revolving Facility. | text | 632.3 | monetaryItemType | text: <entity> 632.3 </entity> <entity type> monetaryItemType </entity type> <context> In February 2025, the Operating Partnership repaid $ 632.3 million principal amount of the 2025 Notes, representing all of the outstanding 2025 Notes. The Operating Partnership funded the 2025 Notes repayment with proceeds from the issuance of the 2035 Notes and liquidity available under the Revolving Facility. </context> | us-gaap:RepaymentsOfDebt |
As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. | text | 281 | integerItemType | text: <entity> 281 </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. </context> | us-gaap:NumberOfRealEstateProperties |
As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. | text | 14 | percentItemType | text: <entity> 14 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, we wholly-owned 281 real estate properties. Additionally, we owned a 14 % interest in Grocery Retail Partners I LLC (“GRP I”), which owned 20 properties. </context> | us-gaap:NumberOfRealEstateProperties |
On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. | text | 19.6 | sharesItemType | text: <entity> 19.6 </entity> <entity type> sharesItemType </entity type> <context> On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. </context> | us-gaap:CommonStockParOrStatedValuePerShare |
On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. | text | 28.00 | perShareItemType | text: <entity> 28.00 </entity> <entity type> perShareItemType </entity type> <context> On July 19, 2021, we closed our underwritten initial public offering (“underwritten IPO”), through which we issued 19.6 million shares, including the underwriters’ overallotment election, of a new class of common stock, $ 0.01 par value per share, at an initial price to the public of $ 28.00 per share. As a result of the underwritten IPO, we received gross proceeds of $ 547.4 million. </context> | us-gaap:SaleOfStockPricePerShare |
Recapitalization—On June 18, 2021, our stockholders approved an amendment to our charter (the “Articles of Amendment”) that effected a change of each share of our common stock outstanding at the time the amendment became effective into one share of a newly created class of Class B common stock (the “Recapitalization”). The Articles of Amendment became effective upon filing with, and acceptance by, the State Department of Assessments and Taxation of Maryland on July 2, 2021. Unless otherwise indicated, all information in this Form 10-K gives effect to the Recapitalization and references to “shares” and per share metrics refer to our common stock and Class B common stock, collectively. Our Class B common stock automatically converted into our publicly traded common stock on January 18, 2022 (see Note 12). Prior to the conversion, we have presented common stock and Class B common stock as separate classes within our consolidated balance sheets and consolidated statements of equity. On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our common stock, $ 0.01 par value per share. We no longer have Class B common stock authorized for issue. | text | 350 | sharesItemType | text: <entity> 350 </entity> <entity type> sharesItemType </entity type> <context> Recapitalization—On June 18, 2021, our stockholders approved an amendment to our charter (the “Articles of Amendment”) that effected a change of each share of our common stock outstanding at the time the amendment became effective into one share of a newly created class of Class B common stock (the “Recapitalization”). The Articles of Amendment became effective upon filing with, and acceptance by, the State Department of Assessments and Taxation of Maryland on July 2, 2021. Unless otherwise indicated, all information in this Form 10-K gives effect to the Recapitalization and references to “shares” and per share metrics refer to our common stock and Class B common stock, collectively. Our Class B common stock automatically converted into our publicly traded common stock on January 18, 2022 (see Note 12). Prior to the conversion, we have presented common stock and Class B common stock as separate classes within our consolidated balance sheets and consolidated statements of equity. On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our common stock, $ 0.01 par value per share. We no longer have Class B common stock authorized for issue. </context> | us-gaap:CommonStockSharesAuthorized |
Recapitalization—On June 18, 2021, our stockholders approved an amendment to our charter (the “Articles of Amendment”) that effected a change of each share of our common stock outstanding at the time the amendment became effective into one share of a newly created class of Class B common stock (the “Recapitalization”). The Articles of Amendment became effective upon filing with, and acceptance by, the State Department of Assessments and Taxation of Maryland on July 2, 2021. Unless otherwise indicated, all information in this Form 10-K gives effect to the Recapitalization and references to “shares” and per share metrics refer to our common stock and Class B common stock, collectively. Our Class B common stock automatically converted into our publicly traded common stock on January 18, 2022 (see Note 12). Prior to the conversion, we have presented common stock and Class B common stock as separate classes within our consolidated balance sheets and consolidated statements of equity. On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our common stock, $ 0.01 par value per share. We no longer have Class B common stock authorized for issue. | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> Recapitalization—On June 18, 2021, our stockholders approved an amendment to our charter (the “Articles of Amendment”) that effected a change of each share of our common stock outstanding at the time the amendment became effective into one share of a newly created class of Class B common stock (the “Recapitalization”). The Articles of Amendment became effective upon filing with, and acceptance by, the State Department of Assessments and Taxation of Maryland on July 2, 2021. Unless otherwise indicated, all information in this Form 10-K gives effect to the Recapitalization and references to “shares” and per share metrics refer to our common stock and Class B common stock, collectively. Our Class B common stock automatically converted into our publicly traded common stock on January 18, 2022 (see Note 12). Prior to the conversion, we have presented common stock and Class B common stock as separate classes within our consolidated balance sheets and consolidated statements of equity. On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our common stock, $ 0.01 par value per share. We no longer have Class B common stock authorized for issue. </context> | us-gaap:CommonStockParOrStatedValuePerShare |
In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. </context> | us-gaap:DebtInstrumentFaceAmount |
In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. | text | 2.625 | percentItemType | text: <entity> 2.625 </entity> <entity type> percentItemType </entity type> <context> In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. | text | 345.4 | monetaryItemType | text: <entity> 345.4 </entity> <entity type> monetaryItemType </entity type> <context> In October 2021, the Operating Partnership completed the registered offering of $ 350 million aggregate principal amount of 2.625 % senior notes (“2021 Bond Offering”) priced at 98.692 % of the principal amount and maturing in November 2031. The 2021 Bond Offering resulted in gross proceeds of $ 345.4 million. The notes are fully and unconditionally guaranteed by us. </context> | us-gaap:ProceedsFromIssuanceOfDebt |
—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts |
—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts |
—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 39.0 | monetaryItemType | text: <entity> 39.0 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 1.9 million, $ 1.1 million, and $ 39.0 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts |
Other costs and expenses indirectly related to stock issuance activities are not capitalized and are included as expense on our consolidated statements of operations and comprehensive income (“consolidated statements of operations”). For the year ended December 31, 2021, we incurred other indirect costs and expenses related to our underwritten IPO of $ 4.3 million, which included grants of restricted stock units (“RSUs”), that were expensed and included as transaction costs in Other Expense, Net on our consolidated statements of operations. | text | 4.3 | monetaryItemType | text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> Other costs and expenses indirectly related to stock issuance activities are not capitalized and are included as expense on our consolidated statements of operations and comprehensive income (“consolidated statements of operations”). For the year ended December 31, 2021, we incurred other indirect costs and expenses related to our underwritten IPO of $ 4.3 million, which included grants of restricted stock units (“RSUs”), that were expensed and included as transaction costs in Other Expense, Net on our consolidated statements of operations. </context> | us-gaap:ExpenseRelatedToDistributionOrServicingAndUnderwritingFees |
—Restricted cash primarily consists of cash restricted for the purpose of facilitating a Section 1031 Exchange, escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements. During 2023, we did not sell any properties as part of facilitating a Section 1031 Exchange that remained open at the end of the year. During 2022, we sold two properties as part of facilitating a Section 1031 Exchange that remained open at the end of the year. The net proceeds of these sales were held as restricted cash with a qualified intermediary totaling $ 1.7 million. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> —Restricted cash primarily consists of cash restricted for the purpose of facilitating a Section 1031 Exchange, escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements. During 2023, we did not sell any properties as part of facilitating a Section 1031 Exchange that remained open at the end of the year. During 2022, we sold two properties as part of facilitating a Section 1031 Exchange that remained open at the end of the year. The net proceeds of these sales were held as restricted cash with a qualified intermediary totaling $ 1.7 million. </context> | us-gaap:RestrictedCash |
—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing expenses related to our revolving credit facility are in Other Assets, Net, on our consolidated balance sheets. The accumulated amortization of deferred financing expenses in Debt Obligations, Net was $ 15.9 million and $ 14.7 million as of December 31, 2023 and 2022, respectively. | text | 15.9 | monetaryItemType | text: <entity> 15.9 </entity> <entity type> monetaryItemType </entity type> <context> —Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing expenses related to our revolving credit facility are in Other Assets, Net, on our consolidated balance sheets. The accumulated amortization of deferred financing expenses in Debt Obligations, Net was $ 15.9 million and $ 14.7 million as of December 31, 2023 and 2022, respectively. </context> | us-gaap:AccumulatedAmortizationDeferredFinanceCosts |
—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing expenses related to our revolving credit facility are in Other Assets, Net, on our consolidated balance sheets. The accumulated amortization of deferred financing expenses in Debt Obligations, Net was $ 15.9 million and $ 14.7 million as of December 31, 2023 and 2022, respectively. | text | 14.7 | monetaryItemType | text: <entity> 14.7 </entity> <entity type> monetaryItemType </entity type> <context> —Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing expenses related to our revolving credit facility are in Other Assets, Net, on our consolidated balance sheets. The accumulated amortization of deferred financing expenses in Debt Obligations, Net was $ 15.9 million and $ 14.7 million as of December 31, 2023 and 2022, respectively. </context> | us-gaap:AccumulatedAmortizationDeferredFinanceCosts |
Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivables at a company level to ensure they are properly valued based on analysis of historical bad debt, outstanding balances, and the current economic climate. If we determine it is not probable that we will collect substantially all of the remaining lease payments from a tenant, revenue for that tenant is recorded on a cash basis (“cash-basis tenant”), including any amounts relating to straight-line rent receivables and/or receivables for recoverable expenses. We will resume recording lease income on an accrual basis for cash-basis tenants once we believe the collection of rent for the remaining lease term is probable, which will generally be after a period of regular payments. Under ASC 842, the aforementioned adjustments as well as any reserve for disputed charges are recorded as a reduction of Rental Income on the consolidated statements of operations. As of December 31, 2023 and 2022, the reserve in accounts receivable for uncollectible amounts was $ 1.9 million and $ 3.0 million, respectively. Receivables on our consolidated balance sheets exclude amounts removed related to tenants considered to be non-creditworthy, which were $ 10.7 million and $ 10.4 million as of December 31, 2023 and 2022, respectively. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivables at a company level to ensure they are properly valued based on analysis of historical bad debt, outstanding balances, and the current economic climate. If we determine it is not probable that we will collect substantially all of the remaining lease payments from a tenant, revenue for that tenant is recorded on a cash basis (“cash-basis tenant”), including any amounts relating to straight-line rent receivables and/or receivables for recoverable expenses. We will resume recording lease income on an accrual basis for cash-basis tenants once we believe the collection of rent for the remaining lease term is probable, which will generally be after a period of regular payments. Under ASC 842, the aforementioned adjustments as well as any reserve for disputed charges are recorded as a reduction of Rental Income on the consolidated statements of operations. As of December 31, 2023 and 2022, the reserve in accounts receivable for uncollectible amounts was $ 1.9 million and $ 3.0 million, respectively. Receivables on our consolidated balance sheets exclude amounts removed related to tenants considered to be non-creditworthy, which were $ 10.7 million and $ 10.4 million as of December 31, 2023 and 2022, respectively. </context> | us-gaap:AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables |
Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivables at a company level to ensure they are properly valued based on analysis of historical bad debt, outstanding balances, and the current economic climate. If we determine it is not probable that we will collect substantially all of the remaining lease payments from a tenant, revenue for that tenant is recorded on a cash basis (“cash-basis tenant”), including any amounts relating to straight-line rent receivables and/or receivables for recoverable expenses. We will resume recording lease income on an accrual basis for cash-basis tenants once we believe the collection of rent for the remaining lease term is probable, which will generally be after a period of regular payments. Under ASC 842, the aforementioned adjustments as well as any reserve for disputed charges are recorded as a reduction of Rental Income on the consolidated statements of operations. As of December 31, 2023 and 2022, the reserve in accounts receivable for uncollectible amounts was $ 1.9 million and $ 3.0 million, respectively. Receivables on our consolidated balance sheets exclude amounts removed related to tenants considered to be non-creditworthy, which were $ 10.7 million and $ 10.4 million as of December 31, 2023 and 2022, respectively. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivables at a company level to ensure they are properly valued based on analysis of historical bad debt, outstanding balances, and the current economic climate. If we determine it is not probable that we will collect substantially all of the remaining lease payments from a tenant, revenue for that tenant is recorded on a cash basis (“cash-basis tenant”), including any amounts relating to straight-line rent receivables and/or receivables for recoverable expenses. We will resume recording lease income on an accrual basis for cash-basis tenants once we believe the collection of rent for the remaining lease term is probable, which will generally be after a period of regular payments. Under ASC 842, the aforementioned adjustments as well as any reserve for disputed charges are recorded as a reduction of Rental Income on the consolidated statements of operations. As of December 31, 2023 and 2022, the reserve in accounts receivable for uncollectible amounts was $ 1.9 million and $ 3.0 million, respectively. Receivables on our consolidated balance sheets exclude amounts removed related to tenants considered to be non-creditworthy, which were $ 10.7 million and $ 10.4 million as of December 31, 2023 and 2022, respectively. </context> | us-gaap:AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables |
On August 3, 2022, our Board approved a new share repurchase program of up to $ 250 million of common stock. The program may be suspended or discontinued at any time, and does not obligate us to repurchase any dollar amount or particular number of shares. No share repurchases have been made to date under this program. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> On August 3, 2022, our Board approved a new share repurchase program of up to $ 250 million of common stock. The program may be suspended or discontinued at any time, and does not obligate us to repurchase any dollar amount or particular number of shares. No share repurchases have been made to date under this program. </context> | us-gaap:StockRepurchaseProgramAuthorizedAmount1 |
No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2023. As of December 31, 2023, our wholly-owned real estate investments in Florida and California represented 12.0 % and 11.0 % of our ABR, respectively. As a result, the geographic concentration of our portfolio makes it particularly susceptible to adverse weather or economic events in the Florida (see “Hurricane Ian” in Note 4) and California real estate markets. | text | 12.0 | percentItemType | text: <entity> 12.0 </entity> <entity type> percentItemType </entity type> <context> No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2023. As of December 31, 2023, our wholly-owned real estate investments in Florida and California represented 12.0 % and 11.0 % of our ABR, respectively. As a result, the geographic concentration of our portfolio makes it particularly susceptible to adverse weather or economic events in the Florida (see “Hurricane Ian” in Note 4) and California real estate markets. </context> | us-gaap:ConcentrationRiskPercentage1 |
No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2023. As of December 31, 2023, our wholly-owned real estate investments in Florida and California represented 12.0 % and 11.0 % of our ABR, respectively. As a result, the geographic concentration of our portfolio makes it particularly susceptible to adverse weather or economic events in the Florida (see “Hurricane Ian” in Note 4) and California real estate markets. | text | 11.0 | percentItemType | text: <entity> 11.0 </entity> <entity type> percentItemType </entity type> <context> No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2023. As of December 31, 2023, our wholly-owned real estate investments in Florida and California represented 12.0 % and 11.0 % of our ABR, respectively. As a result, the geographic concentration of our portfolio makes it particularly susceptible to adverse weather or economic events in the Florida (see “Hurricane Ian” in Note 4) and California real estate markets. </context> | us-gaap:ConcentrationRiskPercentage1 |
As of December 31, 2023, the weighted-average remaining lease term was approximately 1.2 years for finance leases and 20.5 years for operating leases. The weighted-average discount rate was 3.6 % for finance leases and 4.7 % for operating leases. | text | 3.6 | percentItemType | text: <entity> 3.6 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the weighted-average remaining lease term was approximately 1.2 years for finance leases and 20.5 years for operating leases. The weighted-average discount rate was 3.6 % for finance leases and 4.7 % for operating leases. </context> | us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent |
As of December 31, 2023, the weighted-average remaining lease term was approximately 1.2 years for finance leases and 20.5 years for operating leases. The weighted-average discount rate was 3.6 % for finance leases and 4.7 % for operating leases. | text | 4.7 | percentItemType | text: <entity> 4.7 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the weighted-average remaining lease term was approximately 1.2 years for finance leases and 20.5 years for operating leases. The weighted-average discount rate was 3.6 % for finance leases and 4.7 % for operating leases. </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
- On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> - On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. </context> | us-gaap:Depreciation |
- On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> - On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. </context> | us-gaap:LossContingencyReceivable |
- On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> - On September 28, 2022, Hurricane Ian struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2022, we recorded gross cumulative accelerated depreciation of $ 2.7 million for damages sustained to the properties, which was reduced by insurance recoveries $ 1.0 million (net of deductibles and self-insurance of $ 1.7 million) collected in 2023. As of December 31, 2022, we had a receivable balance of $ 1.0 million, which was recorded in Other Assets, Net on our consolidated balance sheets. </context> | us-gaap:UnusualOrInfrequentItemNetOfInsuranceProceeds |
—In November 2018, through our direct and indirect subsidiaries, we entered into a joint venture with Northwestern Mutual Life Insurance Company (“Northwestern Mutual”). We acquired a 15 % ownership interest in the new joint venture, GRP I, and Northwestern Mutual acquired the remaining 85 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise extended by the members. | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> —In November 2018, through our direct and indirect subsidiaries, we entered into a joint venture with Northwestern Mutual Life Insurance Company (“Northwestern Mutual”). We acquired a 15 % ownership interest in the new joint venture, GRP I, and Northwestern Mutual acquired the remaining 85 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise extended by the members. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
—In November 2018, through our direct and indirect subsidiaries, we entered into a joint venture with Northwestern Mutual Life Insurance Company (“Northwestern Mutual”). We acquired a 15 % ownership interest in the new joint venture, GRP I, and Northwestern Mutual acquired the remaining 85 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise extended by the members. | text | 85 | percentItemType | text: <entity> 85 </entity> <entity type> percentItemType </entity type> <context> —In November 2018, through our direct and indirect subsidiaries, we entered into a joint venture with Northwestern Mutual Life Insurance Company (“Northwestern Mutual”). We acquired a 15 % ownership interest in the new joint venture, GRP I, and Northwestern Mutual acquired the remaining 85 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise extended by the members. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
In connection with a 2019 merger, we assumed a 10 % equity interest in | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> In connection with a 2019 merger, we assumed a 10 % equity interest in </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
with a fair value of $ 5.4 million at acquisition. GRP II was initially formed in November 2018 pursuant to the terms of a joint venture agreement and is set to expire ten years after the date of the joint venture contribution agreement unless otherwise extended by the members. | text | 5.4 | monetaryItemType | text: <entity> 5.4 </entity> <entity type> monetaryItemType </entity type> <context> with a fair value of $ 5.4 million at acquisition. GRP II was initially formed in November 2018 pursuant to the terms of a joint venture agreement and is set to expire ten years after the date of the joint venture contribution agreement unless otherwise extended by the members. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets |
In October 2020, GRP I acquired GRP II. As a part of the transaction, the carrying amount of our investment in GRP II was contributed to GRP I as consideration for an additional interest in GRP I. Our ownership interest in GRP I upon consummation of the transaction was adjusted to approximately 14 % as a result of the acquisition. | text | 14 | percentItemType | text: <entity> 14 </entity> <entity type> percentItemType </entity type> <context> In October 2020, GRP I acquired GRP II. As a part of the transaction, the carrying amount of our investment in GRP II was contributed to GRP I as consideration for an additional interest in GRP I. Our ownership interest in GRP I upon consummation of the transaction was adjusted to approximately 14 % as a result of the acquisition. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
—As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. | text | 20 | percentItemType | text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> —As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
—As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
—As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
—As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2023, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2024 unless otherwise extended by the members. In May 2022, we sold the final property in the joint venture. With the monetization of the joint venture, we exceeded the targeted return and as such were paid compensation of $ 0.1 million, $ 2.7 million, and $ 0.7 million for the years ended December 31, 2023, 2022, and 2021, respectively, which is recorded in Fees and Management Income on our consolidated statements of operations. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
We recorded an impairment of our investment in a third-party company of $ 3.0 million in Other Expense, Net on our consolidated statement of operations for the year ended December 31, 2023 (see Note 15). | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> We recorded an impairment of our investment in a third-party company of $ 3.0 million in Other Expense, Net on our consolidated statement of operations for the year ended December 31, 2023 (see Note 15). </context> | us-gaap:OtherAssetImpairmentCharges |
—On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. | text | 475 | monetaryItemType | text: <entity> 475 </entity> <entity type> monetaryItemType </entity type> <context> —On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. </context> | us-gaap:DerivativeNotionalAmount |
—On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. | text | 484.8 | monetaryItemType | text: <entity> 484.8 </entity> <entity type> monetaryItemType </entity type> <context> —On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. </context> | us-gaap:DerivativeNotionalAmount |
—On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. | text | 161.8 | monetaryItemType | text: <entity> 161.8 </entity> <entity type> monetaryItemType </entity type> <context> —On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. </context> | us-gaap:DebtInstrumentFaceAmount |
—On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. | text | 1.35 | percentItemType | text: <entity> 1.35 </entity> <entity type> percentItemType </entity type> <context> —On July 31, 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which is currently at SOFR plus 1.35 % and is scheduled to mature on January 31, 2026 extendable with two one -year options to 2028. The $ 158 million and $ 165 million unsecured term loans are priced based on a leverage grid, which is currently at SOFR plus 1.35 % and mature on January 31, 2027. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
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