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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Real estate, at cost $ 3,966,948 $ 3,774,239
Real estate - intangible assets 298,811 314,525
Land held for development 82,759 80,743
Investments in real estate under construction 66,961 319,355
Real estate, gross 4,415,479 4,488,862
Less: accumulated depreciation and amortization 1,000,154 904,709
Real estate, net 3,415,325 3,584,153
Assets held for sale 114,735 9,168
Right-of-use assets, net 16,097 19,342
Cash and cash equivalents 54,971 199,247
Restricted cash 232 216
Short-term investments 0 130,140
Investments in non-consolidated entities 45,899 48,495
Deferred expenses, net 37,424 35,008
Investment in a sales-type lease, net (allowance for credit loss $112 in 2024 and $61 in 2023) 65,242 63,464
Rent receivable – current 1,713 5,327
Rent receivable – deferred 84,564 80,421
Other assets 17,850 17,794
Total assets 3,854,052 4,192,775
Liabilities:    
Mortgages and notes payable, net 56,247 60,124
Term loan payable, net 297,551 296,764
Senior notes payable, net 1,088,853 1,286,145
Trust preferred securities, net 127,868 127,794
Dividends payable 39,740 39,610
Liabilities held for sale 155 417
Operating lease liabilities 16,754 20,233
Accounts payable and other liabilities 60,009 57,981
Accrued interest payable 15,533 11,379
Deferred revenue - including below-market leases, net 7,809 9,428
Prepaid rent 17,783 17,443
Total liabilities 1,728,302 1,927,318
Commitments and contingencies
Equity:    
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding 94,016 94,016
Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 294,486,892 and 293,449,088 shares issued and outstanding in 2024 and 2023, respectively 29 29
Additional paid-in-capital 3,312,336 3,330,383
Accumulated distributions in excess of net income (1,309,046) (1,201,824)
Accumulated other comprehensive income 2,518 9,483
Total shareholders’ equity 2,099,853 2,232,087
Noncontrolling interests 25,897 33,370
Total equity 2,125,750 2,265,457
Total liabilities and equity $ 3,854,052 $ 4,192,775