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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Land $ 1,349,594 $ 1,225,214
Buildings and improvements 8,624,734 7,763,748
Real estate assets, at cost, total 9,974,328 8,988,962
Accumulated depreciation (3,358,027) (3,034,186)
Net operating real estate assets 6,616,301 5,954,776
Properties under development, including land 474,739 564,215
Investments in joint ventures 13,730 18,994
Total real estate assets 7,104,770 6,537,985
Accounts receivable – affiliates 18,664 20,158
Other assets, net 234,370 216,276
Cash and cash equivalents 613,391 420,441
Restricted cash 5,589 4,092
Total assets 7,976,784 7,198,952
Liabilities    
Unsecured notes payable 3,170,367 3,166,625
Accounts payable and accrued expenses 191,651 175,608
Accrued real estate taxes 66,673 66,156
Distributions payable 88,786 84,147
Other liabilities 193,052 189,829
Total liabilities 3,710,529 3,682,365
Commitments and contingencies (Note 14)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 114,668 and 109,110 issued; 112,578 and 106,860 outstanding at December 31, 2021 and 2020, respectively 1,126 1,069
Additional paid-in capital 5,363,530 4,581,710
Distributions in excess of net income attributable to common shareholders (829,453) (791,079)
Treasury shares, at cost (9,236 and 9,442 common shares, at December 31, 2021 and 2020, respectively) (333,974) (341,412)
Accumulated other comprehensive loss (3,739) (5,383)
Total common equity 4,197,490 3,444,905
Non-controlling interests 68,765 71,682
Total equity 4,266,255 3,516,587
Total liabilities and equity $ 7,976,784 $ 7,198,952