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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Land $ 1,727,182 $ 1,716,273
Buildings and improvements 10,848,837 10,674,619
Real estate assets, at cost, total 12,576,019 12,390,892
Accumulated depreciation (4,113,095) (3,848,111)
Net operating real estate assets 8,462,924 8,542,781
Properties under development, including land 516,543 524,981
Total real estate assets 8,979,467 9,067,762
Accounts receivable – affiliates 12,121 13,364
Other assets, net 239,958 229,371
Cash and cash equivalents 20,326 10,687
Restricted cash 8,531 6,751
Total assets 9,260,403 9,327,935
Liabilities    
Unsecured notes payable 3,352,415 3,165,924
Secured notes payable 330,015 514,989
Accounts payable and accrued expenses 192,613 211,370
Accrued real estate taxes 93,642 95,551
Distributions payable 110,465 103,628
Other liabilities 189,711 179,552
Total liabilities 4,268,861 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; 115,639 and 115,636 outstanding at June 30, 2023 and December 31, 2022, respectively 1,156 1,156
Additional paid-in capital 5,907,828 5,897,454
Distributions in excess of net income attributable to common shareholders (666,218) (581,532)
Treasury shares, at cost (8,868 and 9,090 common shares at June 30, 2023 and December 31, 2022, respectively) (320,675) (328,684)
Accumulated other comprehensive loss (1,057) (1,774)
Total common equity 4,921,034 4,986,620
Non-controlling interests 70,508 70,301
Total equity 4,991,542 5,056,921
Total liabilities and equity $ 9,260,403 $ 9,327,935