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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate properties:    
Land $ 786,242 $ 793,123
Buildings and improvements 6,648,430 6,668,463
Total real estate properties, gross 7,434,672 7,461,586
Accumulated depreciation (1,612,328) (1,570,801)
Total real estate properties, net 5,822,344 5,890,785
Assets of properties held for sale 244,881 209,570
Cash and cash equivalents 69,545 37,357
Restricted cash 15,691 [1] 14,867
Acquired real estate leases and other intangible assets, net 323,134 337,875
Other assets, net 228,128 163,372
Total assets 6,703,723 6,653,826
Liabilities and Equity    
Unsecured revolving credit facility 585,000 537,500
Unsecured term loans, net 449,035 448,741
Senior unsecured notes, net 1,821,560 1,820,681
Secured debt and capital leases, net 693,961 694,739
Liabilities of properties held for sale 8,218 6,758
Accrued interest 29,236 24,060
Assumed real estate lease obligations, net 74,430 76,705
Other liabilities 255,114 167,592
Total liabilities 3,916,554 3,776,776
Commitments and contingencies
Equity attributable to common shareholders:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 237,893,725 and 237,897,163 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 2,379 2,379
Additional paid in capital 4,612,739 4,612,511
Cumulative net income 2,062,297 2,052,562
Cumulative distributions (4,026,418) (3,930,933)
Total equity attributable to common shareholders 2,650,997 2,736,519
Noncontrolling interest:    
Total equity attributable to noncontrolling interest 136,172 140,531
Total equity 2,787,169 2,877,050
Total liabilities and equity $ 6,703,723 $ 6,653,826
[1] Restricted cash consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties and cash held for the operations of one of our life science properties that is owned in a joint venture arrangement in which we own a 55% equity interest.