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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Land $ 1,066,077 $ 1,021,031
Buildings and improvements 6,620,169 6,269,481
Real estate assets, at cost, total 7,686,246 7,290,512
Accumulated depreciation (2,255,737) (2,118,839)
Net operating real estate assets 5,430,509 5,171,673
Properties under development, including land 373,350 377,231
Investments in joint ventures 26,205 27,237
Total real estate assets 5,830,064 5,576,141
Accounts receivable – affiliates 23,473 24,038
Other assets, net 204,717 195,764
Cash and cash equivalents 64,071 368,492
Restricted cash 9,581 9,313
Total assets 6,131,906 6,173,748
Liabilities    
Unsecured notes payable 1,339,659 1,338,628
Secured notes payable 865,629 865,970
Accounts payable and accrued expenses 127,777 128,313
Accrued real estate taxes 52,461 51,383
Distributions payable 75,071 72,943
Other liabilities 156,767 154,567
Total liabilities 2,617,364 2,611,804
Commitments and contingencies (Note 12)
Non-qualified deferred compensation share awards 85,938 77,230
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 105,494 and 105,489 issued; 102,644 and 102,769 outstanding at June 30, 2018 and December 31, 2017, respectively 1,027 1,028
Additional paid-in capital 4,132,404 4,137,161
Distributions in excess of net income attributable to common shareholders (436,575) (368,703)
Treasury shares, at cost (9,839 and 10,073 common shares at June 30, 2018 and December 31, 2017, respectively) (355,752) (364,066)
Accumulated other comprehensive income (loss) 8,794 (57)
Total common equity 3,349,898 3,405,363
Non-controlling interests 78,706 79,351
Total equity 3,428,604 3,484,714
Total liabilities and equity $ 6,131,906 $ 6,173,748