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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Land $ 967,375 $ 989,247
Buildings and improvements 5,967,023 5,911,432
Real estate assets, at cost, total 6,934,398 6,900,679
Accumulated depreciation (1,890,656) (1,780,694)
Net operating real estate assets 5,043,742 5,119,985
Properties under development, including land 442,292 486,918
Investments in joint ventures 30,254 33,698
Discontinued operations held for sale, including land 0 239,063
Total real estate assets 5,516,288 5,879,664
Accounts receivable - affiliates 24,028 25,100
Other assets, net 142,010 116,260
Short-term investments 100,000 0
Cash and cash equivalents 237,364 10,617
Restricted cash 8,462 5,971
Total assets 6,028,152 6,037,612
Liabilities    
Unsecured notes payable 1,583,236 1,824,930
Secured notes payable 897,352 899,757
Accounts payable and accrued expenses 137,813 133,353
Accrued real estate taxes 49,041 45,223
Distributions payable 69,161 64,275
Other liabilities 118,959 97,814
Total liabilities 2,855,562 3,065,352
Commitments and contingencies (Note 13)
Non-qualified deferred compensation share awards 77,037 79,364
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 100,694 and 100,636 issued; 97,818 and 97,571 outstanding at December 31, 2016 and 2015, respectively 978 976
Additional paid-in capital 3,678,277 3,662,864
Distributions in excess of net income attributable to common shareholders (289,180) (458,577)
Treasury shares, at cost (10,330 and 10,703 common shares, at December 31, 2016 and 2015, respectively) (373,339) (386,793)
Accumulated other comprehensive loss (1,863) (1,913)
Total common equity 3,014,873 2,816,557
Non-controlling interests 80,680 76,339
Total equity 3,095,553 2,892,896
Total liabilities and equity $ 6,028,152 $ 6,037,612