XML 20 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
REAL ESTATE ASSETS:    
Land and improvements $ 978,643 $ 875,794
Buildings and improvements 4,501,062 4,091,012
Undeveloped land and construction in progress (Note 2) 1,018,738 1,361,340
Total real estate assets held for investment 6,498,443 6,328,146
Accumulated depreciation and amortization (1,034,315) (994,241)
Total real estate assets held for investment, net 5,464,128 5,333,905
REAL ESTATE ASSETS AND OTHER ASSETS HELD FOR SALE, NET 0 117,666
CASH AND CASH EQUIVALENTS 38,645 56,508
RESTRICTED CASH (Notes 1 and 3) 261,600 696
MARKETABLE SECURITIES (Note 12) 13,418 12,882
CURRENT RECEIVABLES, NET (Note 5) 9,540 11,153
DEFERRED RENT RECEIVABLES, NET (Note 5) 199,232 189,704 [1]
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Note 4) 186,271 176,683
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 1) 31,276 27,233
TOTAL ASSETS 6,204,110 5,926,430
LIABILITIES:    
Secured debt, net (Notes 1, 6 and 12) 378,080 380,835
Unsecured debt, net (Notes 1, 6 and 12) 1,845,313 1,844,634
Unsecured line of credit (Notes 6 and 12) 75,000 0
Accounts payable, accrued expenses and other liabilities 265,863 246,323
Accrued dividends and distributions (Note 17) 35,317 34,992
Deferred revenue and acquisition-related intangible liabilities, net (Note 4) 131,296 128,156
Rents received in advance and tenant security deposits 48,543 49,361
Liabilities of real estate assets held for sale 0 7,543
Total liabilities $ 2,779,412 $ 2,691,844
COMMITMENTS AND CONTINGENCIES (Note 11)
Preferred stock, $.01 par value, 30,000,000 shares authorized:    
Common stock, $.01 par value, 150,000,000 shares authorized, 92,229,464 and 92,258,690 shares issued and outstanding, respectively $ 922 $ 923
Additional paid-in capital 3,066,994 3,047,894
Retained earnings/(distributions in excess of earnings) 67,981 (70,262)
Total stockholders’ equity 3,328,308 3,170,966
Noncontrolling Interests:    
Common units of the Operating Partnership (Note 7) 89,675 57,100
Noncontrolling interest in consolidated subsidiary (Note 1) 6,715 6,520
Total noncontrolling interests 96,390 63,620
Total equity 3,424,698 3,234,586
TOTAL LIABILITIES AND EQUITY 6,204,110 5,926,430
6.875% Series G Cumulative Redeemable Preferred stock, $.01 par value, 4,600,000 shares authorized, 4,000,000 shares issued and outstanding ($100,000 liquidation preference) [Member]    
Preferred stock, $.01 par value, 30,000,000 shares authorized:    
Cumulative Redeemable Preferred stock 96,155 96,155
6.375% Series H Cumulative Redeemable Preferred stock, $.01 par value, 4,000,000 shares authorized, issued and outstanding ($100,000 liquidation preference) [Member]    
Preferred stock, $.01 par value, 30,000,000 shares authorized:    
Cumulative Redeemable Preferred stock $ 96,256 $ 96,256
[1] (1)Excludes deferred rent receivables, net related to real estate held for sale at December 31, 2015.