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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments in real estate:    
Land, buildings and improvements — net lease and other $ 12,095,458 $ 13,338,857
Land, buildings and improvements — operating properties 1,256,249 1,095,892
Net investments in finance leases and loans receivable 1,514,923 771,761
In-place lease intangible assets and other 2,308,853 2,659,750
Above-market rent intangible assets 706,773 833,751
Investments in real estate 17,882,256 18,700,011
Accumulated depreciation and amortization (3,005,479) (3,269,057)
Assets held for sale, net 37,122 57,944
Net investments in real estate 14,913,899 15,488,898
Equity method investments 354,261 327,502
Cash and cash equivalents 633,860 167,996
Other assets, net 1,096,474 1,080,227
Goodwill 978,289 1,037,412
Total assets [1] 17,976,783 18,102,035
Debt:    
Senior unsecured notes, net 6,035,686 5,916,400
Unsecured term loans, net 1,125,564 552,539
Unsecured revolving credit facility 403,785 276,392
Non-recourse mortgages, net 579,147 1,132,417
Debt, net 8,144,182 7,877,748
Accounts payable, accrued expenses and other liabilities 615,750 623,843
Below-market rent and other intangible liabilities, net 136,872 184,584
Deferred income taxes 180,650 178,959
Dividends payable 192,332 228,257
Total liabilities [1] 9,269,786 9,093,391
Commitments and contingencies (Note 13)
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; 218,671,874 and 210,620,949 shares, respectively, issued and outstanding 219 211
Additional paid-in capital 11,784,461 11,706,836
Distributions in excess of accumulated earnings (2,891,424) (2,486,633)
Deferred compensation obligation 62,046 57,012
Accumulated other comprehensive loss (254,867) (283,780)
Total stockholders’ equity 8,700,435 8,993,646
Noncontrolling interests 6,562 14,998
Total equity 8,706,997 9,008,644
Total liabilities and equity $ 17,976,783 $ 18,102,035
[1] See Note 2 for details related to variable interest entities (“VIEs”).