XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Land $ 984,523 $ 967,375
Buildings and improvements 6,071,203 5,967,023
Real estate assets, at cost, total 7,055,726 6,934,398
Accumulated depreciation (1,952,809) (1,890,656)
Net operating real estate assets 5,102,917 5,043,742
Properties under development, including land 377,107 442,292
Investments in joint ventures 30,062 30,254
Total real estate assets 5,510,086 5,516,288
Accounts receivable – affiliates 23,634 24,028
Other assets, net 147,922 142,010
Short-term Investments 0 100,000
Cash and cash equivalents 245,529 237,364
Restricted cash 8,175 8,462
Total assets 5,935,346 6,028,152
Liabilities    
Unsecured notes payable 1,583,819 1,583,236
Secured notes payable [1] 866,476 897,352
Accounts payable and accrued expenses 120,086 137,813
Accrued real estate taxes 24,682 49,041
Distributions payable 69,326 69,161
Other liabilities 123,654 118,959
Total liabilities 2,788,043 2,855,562
Commitments and contingencies (Note 10)
Non-qualified deferred compensation share awards 75,704 77,037
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 100,719 and 100,694 issued; 97,763 and 97,818 outstanding at March 31, 2017 and December 31, 2016, respectively 978 978
Additional paid-in capital 3,675,737 3,678,277
Distributions in excess of net income attributable to common shareholders (317,642) (289,180)
Treasury shares, at cost (10,125 and 10,330 common shares at March 31, 2017 and December 31, 2016, respectively) (365,923) (373,339)
Accumulated other comprehensive loss (1,829) (1,863)
Total common equity 2,991,321 3,014,873
Non-controlling interests 80,278 80,680
Total equity 3,071,599 3,095,553
Total liabilities and equity $ 5,935,346 $ 6,028,152
[1] Unamortized debt discounts and debt issuance costs of $14.4 million and $15.7 million are included in senior unsecured and secured notes payable as of March 31, 2017 and December 31, 2016, respectively.