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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Land $ 1,343,209 $ 1,349,594
Buildings and improvements 8,651,674 8,624,734
Real estate assets, at cost, total 9,994,883 9,974,328
Accumulated depreciation (3,436,969) (3,358,027)
Net operating real estate assets 6,557,914 6,616,301
Properties under development, including land 488,100 474,739
Investments in joint ventures 13,181 13,730
Total real estate assets 7,059,195 7,104,770
Accounts receivable – affiliates 13,258 18,664
Other assets, net 254,763 234,370
Cash and cash equivalents 1,129,716 613,391
Restricted cash 5,778 5,589
Total assets 8,462,710 7,976,784
Liabilities    
Unsecured notes payable 3,671,309 3,170,367
Accounts payable and accrued expenses 169,973 191,651
Accrued real estate taxes 36,988 66,673
Distributions payable 100,880 88,786
Other liabilities 197,021 193,052
Total liabilities 4,176,171 3,710,529
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 114,827 and 114,668 issued; 112,735 and 112,578 outstanding at March 31, 2022 and December 31, 2021, respectively 1,127 1,126
Additional paid-in capital 5,396,267 5,363,530
Distributions in excess of net income attributable to common shareholders (848,074) (829,453)
Treasury shares, at cost (9,113 and 9,236 common shares at March 31, 2022 and December 31, 2021, respectively) (329,521) (333,974)
Accumulated other comprehensive loss (3,370) (3,739)
Total common equity 4,216,429 4,197,490
Non-controlling interests 70,110 68,765
Total equity 4,286,539 4,266,255
Total liabilities and equity $ 8,462,710 $ 7,976,784