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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
REAL ESTATE ASSETS (Notes 2 and 3):    
Land and improvements $ 1,661,679 $ 1,750,820
Buildings and improvements 8,658,236 8,598,751
Undeveloped land and construction in progress 2,355,181 2,309,624
Total real estate assets held for investment 12,675,096 12,659,195
Accumulated depreciation and amortization (2,952,576) (2,824,616)
Total real estate assets held for investment, net 9,722,520 9,834,579
CASH AND CASH EQUIVALENTS (Note 14) 372,416 165,690
MARKETABLE SECURITIES (Note 11) 33,569 27,965
CURRENT RECEIVABLES, NET 13,191 11,033
DEFERRED RENT RECEIVABLES, NET 436,886 451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Note 2) 229,175 225,937
RIGHT OF USE GROUND LEASE ASSETS 128,396 129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Notes 2 and 4) 56,046 51,935
TOTAL ASSETS 10,992,199 10,898,357
LIABILITIES:    
Secured debt, net (Notes 5 and 11) 593,956 598,199
Unsecured debt, net (Notes 5 and 11) 3,995,555 3,999,566
Accounts payable, accrued expenses, and other liabilities 321,188 285,011
Ground lease liabilities 127,830 128,422
Accrued dividends and distributions 64,996 64,850
Deferred revenue and acquisition-related intangible liabilities, net (Note 2) 127,931 142,437
Rents received in advance and tenant security deposits 74,888 71,003
Total liabilities 5,306,344 5,289,488
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ Equity (Note 6):    
Common stock, $.01 par value, 280,000,000 shares authorized, 118,304,079 and 118,046,674 shares issued and outstanding 1,183 1,181
Additional paid-in capital 5,223,369 5,209,653
Retained earnings 240,810 171,212
Total stockholders’ equity 5,465,362 5,382,046
Noncontrolling Interests (Notes 1 and 7):    
Common units of the Operating Partnership 53,154 52,472
Noncontrolling interests in consolidated property partnerships 167,339 174,351
Total noncontrolling interests 220,493 226,823
Total equity 5,685,855 5,608,869
TOTAL LIABILITIES AND EQUITY $ 10,992,199 $ 10,898,357