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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Land $ 1,718,185 $ 1,711,873
Buildings and improvements 11,222,261 10,993,390
Real estate assets, at cost, total 12,940,446 12,705,263
Accumulated depreciation (4,725,152) (4,332,524)
Net operating real estate assets 8,215,294 8,372,739
Properties under development and land 418,209 486,864
Total real estate assets 8,633,503 8,859,603
Accounts receivable – affiliates 8,993 11,905
Other assets, net 262,339 244,182
Cash and cash equivalents 31,234 259,686
Restricted cash 11,112 8,361
Total assets 8,947,181 9,383,737
Liabilities    
Unsecured notes payable 3,121,499 3,385,309
Secured notes payable 330,299 330,127
Accounts payable and accrued expenses 221,880 222,599
Accrued real estate taxes 131,693 96,517
Distributions payable 113,505 110,427
Other liabilities 214,027 186,987
Total liabilities 4,132,903 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; 117,737,734 and 117,737,712 issued; 115,779,032 and 115,640,369 outstanding at September 30, 2024 and December 31, 2023, respectively 1,158 1,156
Additional paid-in capital 5,927,477 5,914,868
Distributions in excess of net income attributable to common shareholders (826,725) (613,651)
Treasury shares, at cost (9,097,598 and 8,859,556 common shares at September 30, 2024 and December 31, 2023, respectively) (359,989) (320,364)
Accumulated other comprehensive gain/ (loss) 641 (1,252)
Total common equity 4,742,562 4,980,757
Non-controlling interests 71,716 71,014
Total equity 4,814,278 5,051,771
Total liabilities and equity $ 8,947,181 $ 9,383,737