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v3.24.1.u1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Assets |  |
Land | $ 1,706,983 | $ 1,711,873
Buildings and improvements | 11,014,440 | 10,993,390
Real estate assets, at cost, total | 12,721,423 | 12,705,263
Accumulated depreciation | (4,439,710) | (4,332,524)
Net operating real estate assets | 8,281,713 | 8,372,739
Properties under development, including land | 477,481 | 486,864
Total real estate assets | 8,759,194 | 8,859,603
Accounts receivable – affiliates | 10,350 | 11,905
Other assets, net | 233,137 | 244,182
Cash and cash equivalents | 92,693 | 259,686
Restricted cash | 8,230 | 8,361
Total assets | 9,103,604 | 9,383,737
Liabilities |  |
Unsecured notes payable | 3,223,285 | 3,385,309
Secured notes payable | 330,184 | 330,127
Accounts payable and accrued expenses | 213,896 | 222,599
Accrued real estate taxes | 46,612 | 96,517
Distributions payable | 113,556 | 110,427
Other liabilities | 182,443 | 186,987
Total liabilities | 4,109,976 | 4,331,966
Commitments and contingencies (Note 10) |  |
Equity |  |
Common shares of beneficial interest; $0.01 par value per share; 175,000,000 shares authorized; 117,737,729 and 117,737,712 issued; 115,661,048 and 115,640,369 outstanding at March 31, 2024 and December 31, 2023, respectively | 1,157 | 1,156
Additional paid-in capital | 5,919,851 | 5,914,868
Distributions in excess of net income attributable to common shareholders | (641,663) | (613,651)
Treasury shares, at cost (9,083,403 and 8,859,556 common shares at March 31, 2024 and December 31, 2023, respectively) | (356,880) | (320,364)
Accumulated other comprehensive loss | (78) | (1,252)
Total common equity | 4,922,387 | 4,980,757
Non-controlling interests | 71,241 | 71,014
Total equity | 4,993,628 | 5,051,771
Total liabilities and equity | $ 9,103,604 | $ 9,383,737

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