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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments in real estate:    
Land, buildings and improvements $ 12,031,896 $ 11,875,407
Net investments in direct financing leases and loans receivable 787,674 813,577
In-place lease intangible assets and other 2,397,121 2,386,000
Above-market rent intangible assets 837,792 843,410
Investments in real estate 16,054,483 15,918,394
Accumulated depreciation and amortization (2,986,676) (2,889,294)
Assets held for sale, net 0 8,269
Net investments in real estate 13,067,807 13,037,369
Equity method investments 339,372 356,637
Cash and cash equivalents 205,403 165,427
Due from affiliates 13,594 1,826
Other assets, net 1,043,760 1,017,842
Goodwill 899,596 901,529
Total assets [1] 15,569,532 15,480,630
Debt:    
Senior unsecured notes, net 5,647,833 5,701,913
Unsecured revolving credit facility 476,085 410,596
Unsecured term loans, net 303,138 310,583
Non-recourse mortgages, net 351,175 368,524
Debt, net 6,778,231 6,791,616
Accounts payable, accrued expenses and other liabilities 565,971 572,846
Below-market rent and other intangible liabilities, net 181,236 183,286
Deferred income taxes 143,208 145,572
Dividends payable 206,225 203,859
Total liabilities [1] 7,874,871 7,897,179
Commitments and contingencies
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued 0 0
Common stock, $0.001 par value, 450,000,000 shares authorized; 192,394,960 and 190,013,751 shares, respectively, issued and outstanding 192 190
Additional paid-in capital 10,152,426 9,977,686
Distributions in excess of accumulated earnings (2,274,619) (2,224,231)
Deferred compensation obligation 57,152 49,810
Accumulated other comprehensive loss (242,140) (221,670)
Total stockholders’ equity 7,693,011 7,581,785
Noncontrolling interests 1,650 1,666
Total equity 7,694,661 7,583,451
Total liabilities and equity $ 15,569,532 $ 15,480,630
[1] See Note 2 for details related to variable interest entities (“VIEs”).