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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
REAL ESTATE ASSETS:    
Land and improvements $ 1,738,242 $ 1,738,242
Buildings and improvements 8,353,596 8,302,081
Undeveloped land and construction in progress 1,894,545 1,691,860
Total real estate assets held for investment 11,986,383 11,732,183
Accumulated depreciation and amortization (2,369,515) (2,218,710)
Total real estate assets held for investment, net 9,616,868 9,513,473
CASH AND CASH EQUIVALENTS 361,885 347,379
MARKETABLE SECURITIES (Note 8) 25,786 23,547
CURRENT RECEIVABLES, NET 10,686 20,583
DEFERRED RENT RECEIVABLES, NET 463,640 452,200
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 230,559 250,846
RIGHT OF USE GROUND LEASE ASSETS 126,022 126,530
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2) 75,588 62,429
TOTAL ASSETS 10,911,034 10,796,987
LIABILITIES:    
Secured debt, net (Notes 3 and 8) 240,142 242,938
Unsecured debt, net (Notes 3 and 8) 4,172,833 4,020,058
Accounts payable, accrued expenses and other liabilities 377,733 392,360
Ground lease liabilities 124,678 124,994
Accrued dividends and distributions (Note 13) 64,438 64,285
Deferred revenue and acquisition-related intangible liabilities, net 185,429 195,959
Rents received in advance and tenant security deposits 78,187 81,432
Total liabilities 5,243,440 5,122,026
COMMITMENTS AND CONTINGENCIES (Note 7)
Stockholders’ Equity:    
Common stock, $.01 par value, 280,000,000 shares authorized, 117,177,908 and 116,878,031 shares issued and outstanding 1,172 1,169
Additional paid-in capital 5,184,227 5,170,760
Retained earnings 248,695 265,118
Total stockholders’ equity 5,434,094 5,437,047
Noncontrolling Interests (Notes 1 and 4):    
Common units of the Operating Partnership 53,358 53,524
Noncontrolling interests in consolidated property partnerships 180,142 184,390
Total noncontrolling interests 233,500 237,914
Total equity 5,667,594 5,674,961
TOTAL LIABILITIES AND EQUITY (CAPITAL) $ 10,911,034 $ 10,796,987