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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Land $ 1,716,515 $ 1,711,873
Buildings and improvements 11,148,312 10,993,390
Real estate assets, at cost, total 12,864,827 12,705,263
Accumulated depreciation (4,582,440) (4,332,524)
Net operating real estate assets 8,282,387 8,372,739
Properties under development, including land 439,758 486,864
Total real estate assets 8,722,145 8,859,603
Accounts receivable – affiliates 9,903 11,905
Other assets, net 245,625 244,182
Cash and cash equivalents 93,932 259,686
Restricted cash 7,969 8,361
Total assets 9,079,574 9,383,737
Liabilities    
Unsecured notes payable 3,222,569 3,385,309
Secured notes payable 330,241 330,127
Accounts payable and accrued expenses 212,247 222,599
Accrued real estate taxes 90,702 96,517
Distributions payable 113,506 110,427
Other liabilities 183,377 186,987
Total liabilities 4,152,642 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; 117,737,731 and 117,737,712 issued; 115,690,365 and 115,640,369 outstanding at June 30, 2024 and December 31, 2023, respectively 1,157 1,156
Additional paid-in capital 5,924,608 5,914,868
Distributions in excess of net income attributable to common shareholders (710,633) (613,651)
Treasury shares, at cost (9,097,234 and 8,859,556 common shares at June 30, 2024 and December 31, 2023, respectively) (359,975) (320,364)
Accumulated other comprehensive gain/ (loss) 283 (1,252)
Total common equity 4,855,440 4,980,757
Non-controlling interests 71,492 71,014
Total equity 4,926,932 5,051,771
Total liabilities and equity $ 9,079,574 $ 9,383,737