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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate properties    
Land $ 1,343,265 $ 1,439,798
Buildings and improvements 10,881,373 11,332,037
Lease intangibles 836,302 959,998
Personal property 12,718 11,907
Investment in financing receivables, net 122,602 120,236
Financing lease right-of-use assets 82,209 83,824
Construction in progress 60,727 35,560
Land held for development 59,871 74,265
Total real estate investments 13,399,067 14,057,625
Less accumulated depreciation (2,226,853) (1,645,271)
Total real estate investments, net 11,172,214 12,412,354
Cash and cash equivalents 25,699 60,961
Assets held for sale, net 8,834 18,893
Operating lease right-of-use assets 275,975 336,983
Investments in unconsolidated joint ventures 311,511 327,248
Goodwill 250,530 223,202
Other assets, net 592,368 469,990
Total assets 12,637,131 13,849,631
Liabilities    
Notes and bonds payable 4,994,859 5,351,827
Accounts payable and accrued liabilities 211,994 244,033
Liabilities of properties held for sale 295 437
Operating lease liabilities 229,714 279,895
Financing lease liabilities 74,503 72,939
Other liabilities 202,984 218,668
Total liabilities 5,714,349 6,167,799
Commitments and contingencies (See Footnote 15)
Redeemable non-controlling interests 3,868 2,014
Stockholders' equity    
Preferred stock, $0.01 par value; 200,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 1,000,000 shares authorized; 380,964 and 380,590 shares issued and outstanding at December 31, 2023 and 2022, respectively. 3,810 3,806
Additional paid-in capital 9,602,592 9,587,637
Accumulated other comprehensive (loss) income (10,741) 2,140
Cumulative net income attributable to common stockholders 1,028,794 1,307,055
Cumulative dividends (3,801,793) (3,329,562)
Total stockholders’ equity 6,822,662 7,571,076
Non-controlling interest 96,252 108,742
Total equity 6,918,914 7,679,818
Total liabilities, redeemable non-controlling interests, and stockholders' equity $ 12,637,131 $ 13,849,631