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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate properties:    
Land $ 599,262 $ 605,973
Buildings and improvements 5,768,101 5,817,279
Total real estate properties, gross 6,367,363 6,423,252
Accumulated depreciation (2,112,276) (2,082,777)
Total real estate properties, net 4,255,087 4,340,475
Investments in unconsolidated joint ventures 133,797 126,859
Assets of properties held for sale 79,737 276,270
Cash and cash equivalents 302,577 144,584
Restricted cash 4,078 [1] 5,270
Equity method investment 7,965 24,590
Acquired real estate leases and other intangible assets, net 24,307 26,300
Other assets, net 188,295 192,657
Total assets 4,995,843 5,137,005
Liabilities and Equity    
Secured debt and finance leases, net 260,173 126,611
Liabilities of properties held for sale 5,570 6,024
Accrued interest 21,359 23,092
Other liabilities 220,470 238,142
Total liabilities 3,047,792 3,178,162
Commitments and contingencies
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 241,267,819 and 241,271,703 shares issued and outstanding, respectively 2,413 2,413
Additional paid in capital 4,620,899 4,620,313
Cumulative net income 1,399,037 1,408,023
Cumulative other comprehensive income (loss) 4 (17)
Cumulative distributions (4,074,302) (4,071,889)
Total equity 1,948,051 1,958,843
Total liabilities and equity 4,995,843 5,137,005
Secured Debts    
Real estate properties:    
Total real estate properties, net 1,238,539 1,290,060
Liabilities and Equity    
Senior notes 581,873 826,974
Unsecured Debt    
Liabilities and Equity    
Senior notes $ 1,958,347 $ 1,957,319
[1] Restricted cash consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.