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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