Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.21.2
Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2021
Jan. 30, 2021
Investment properties:    
Land and improvements $ 583,520 $ 716,504
Building and other improvements 977,599 999,983
Gross investment properties 1,561,119 1,716,487
Less: accumulated depreciation (21,718) 0
Net investment properties 1,539,401 1,716,487
Cash and cash equivalents 151,271 25,563
Accounts receivable 41,513 0
Lease intangible assets, net 291,324 314,264
Right-of-use lease assets 101,139 110,691
Assets associated with investment properties held for sale 57,010 0
Other assets, net 2,095 0
Total assets 2,183,753 2,167,005
Liabilities:    
Accounts payable and accrued expenses 1,610 8,651
Lease intangible liabilities, net 134,249 168,159
Lease liabilities 37,534 38,075
Liabilities associated with investment properties held for sale 17,269
Other liabilities 7,818 0
Total liabilities 198,480 214,885
Commitments and contingencies (Note 5)
Equity:    
Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of September 30, 2021 and Effective Date 0 0
Additional paid-in capital 1,952,120 1,952,120
Retained earnings 33,153 0
Total equity 1,985,273 1,952,120
Total liabilities and equity $ 2,183,753 $ 2,167,005