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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Land $ 1,317,431 $ 1,225,214
Buildings and improvements 8,536,620 7,763,748
Real estate assets, at cost, total 9,854,051 8,988,962
Accumulated depreciation (3,319,206) (3,034,186)
Net operating real estate assets 6,534,845 5,954,776
Properties under development, including land 428,622 564,215
Investments in joint ventures 17,788 18,994
Total real estate assets 6,981,255 6,537,985
Accounts receivable – affiliates 18,686 20,158
Other assets, net 252,079 216,276
Cash and cash equivalents 428,226 420,441
Restricted cash 5,321 4,092
Total assets 7,685,567 7,198,952
Liabilities    
Unsecured notes payable 3,169,428 3,166,625
Accounts payable and accrued expenses 191,648 175,608
Accrued real estate taxes 88,116 66,156
Distributions payable 87,919 84,147
Other liabilities 194,634 189,829
Total liabilities 3,731,745 3,682,365
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 113,590 and 109,110 issued; 111,437 and 106,860 outstanding at September 30, 2021 and December 31, 2020, respectively 1,114 1,069
Additional paid-in capital 5,180,783 4,581,710
Distributions in excess of net income attributable to common shareholders (954,880) (791,079)
Treasury shares, at cost (9,239 and 9,442 common shares at September 30, 2021 and December 31, 2020, respectively) (334,066) (341,412)
Accumulated other comprehensive loss (4,266) (5,383)
Total common equity 3,888,685 3,444,905
Non-controlling interests 65,137 71,682
Total equity 3,953,822 3,516,587
Total liabilities and equity $ 7,685,567 $ 7,198,952