CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
REAL ESTATE ASSETS:
Land and improvements	$ 1,750,820	$ 1,750,820
Buildings and improvements	8,617,728	8,598,751
Undeveloped land and construction in progress	2,356,330	2,309,624
Total real estate assets held for investment	12,724,878	12,659,195
Accumulated depreciation and amortization	(2,900,113)	(2,824,616)
Total real estate assets held for investment, net	9,824,765	9,834,579
CASH AND CASH EQUIVALENTS	146,711	165,690
MARKETABLE SECURITIES (Note 9)	29,187	27,965
CURRENT RECEIVABLES, NET	11,680	11,033
DEFERRED RENT RECEIVABLES, NET	447,433	451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET	220,051	225,937
RIGHT OF USE GROUND LEASE ASSETS	128,949	129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2)	69,909	51,935
TOTAL ASSETS	10,878,685	10,898,357
LIABILITIES:
Secured debt, net (Notes 3 and 9)	596,806	598,199
Unsecured debt, net (Notes 3 and 9)	4,001,036	3,999,566
Accounts payable, accrued expenses, and other liabilities	292,354	285,011
Ground lease liabilities	128,227	128,422
Accrued dividends and distributions	64,990	64,850
Deferred revenue and acquisition-related intangible liabilities, net	137,538	142,437
Rents received in advance and tenant security deposits	77,749	71,003
Total liabilities	5,298,700	5,289,488
COMMITMENTS AND CONTINGENCIES (Note 8)
Stockholders’ Equity (Note 4):
Common stock, $.01 par value, 280,000,000 shares authorized, 118,268,759 and 118,046,674 shares issued and outstanding	1,183	1,181
Additional paid-in capital	5,210,415	5,209,653
Retained earnings	144,867	171,212
Total stockholders’ equity	5,356,465	5,382,046
Noncontrolling Interests (Notes 1 and 5):
Common units of the Operating Partnership	52,105	52,472
Noncontrolling interests in consolidated property partnerships	171,415	174,351
Total noncontrolling interests	223,520	226,823
Total equity	5,579,985	5,608,869
TOTAL LIABILITIES AND EQUITY (CAPITAL)	$ 10,878,685	$ 10,898,357

This element represents (1) costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction; (2) the identifiable intangible asset established upon acquisition based on a favorable difference between the terms of an acquired lease and the current market terms for that lease at the acquisition date; and (3) the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. This element is net of accumulated amortization.

No definition available.