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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Land $ 1,722,881 $ 1,716,273
Buildings and improvements 10,778,795 10,674,619
Real estate assets, at cost, total 12,501,676 12,390,892
Accumulated depreciation (3,987,438) (3,848,111)
Net operating real estate assets 8,514,238 8,542,781
Properties under development, including land 515,134 524,981
Total real estate assets 9,029,372 9,067,762
Accounts receivable – affiliates 12,121 13,364
Other assets, net 226,394 229,371
Cash and cash equivalents 20,419 10,687
Restricted cash 6,863 6,751
Total assets 9,295,169 9,327,935
Liabilities    
Unsecured notes payable 3,232,682 3,165,924
Secured notes payable 515,134 514,989
Accounts payable and accrued expenses 191,468 211,370
Accrued real estate taxes 48,084 95,551
Distributions payable 110,444 103,628
Other liabilities 193,804 179,552
Total liabilities 4,291,616 4,271,014
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 117,738 and 117,734 issued; 115,652 and 115,636 outstanding at March 31, 2023 and December 31, 2022, respectively 1,156 1,156
Additional paid-in capital 5,903,437 5,897,454
Distributions in excess of net income attributable to common shareholders (648,457) (581,532)
Treasury shares, at cost (8,889 and 9,090 common shares at March 31, 2023 and December 31, 2022, respectively) (321,431) (328,684)
Accumulated other comprehensive loss (1,415) (1,774)
Total common equity 4,933,290 4,986,620
Non-controlling interests 70,263 70,301
Total equity 5,003,553 5,056,921
Total liabilities and equity $ 9,295,169 $ 9,327,935