XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate held for investment, at cost:    
Land $ 14,929,310 $ 12,948,835
Buildings and improvements 34,657,094 29,707,751
Total real estate held for investment, at cost 49,586,404 42,656,586
Less accumulated depreciation and amortization (6,072,118) (4,904,165)
Real estate held for investment, net 43,514,286 37,752,421
Real estate and lease intangibles held for sale, net 31,466 29,535
Cash and cash equivalents 232,923 171,102
Accounts receivable, net 710,536 543,237
Lease intangible assets, net 5,017,907 5,168,366
Goodwill 3,731,478 3,731,478
Investment in unconsolidated entities 1,172,118 0
Other assets, net 3,368,643 2,276,953
Total assets 57,779,357 49,673,092
LIABILITIES AND EQUITY    
Distributions payable 195,222 165,710
Accounts payable and accrued expenses 738,526 399,137
Lease intangible liabilities, net 1,406,853 1,379,436
Other liabilities 811,650 774,787
Line of credit payable and commercial paper 764,390 2,729,040
Term loan, net 1,331,841 249,755
Mortgages payable, net 821,587 853,925
Notes payable, net 18,602,319 14,278,013
Total liabilities 24,672,388 20,829,803
Commitments and contingencies
Stockholders’ equity:    
Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 752,460 and 660,300 shares issued and outstanding as of December 31, 2023, and December 31, 2022, respectively 39,629,709 34,159,509
Distributions in excess of net income (6,762,136) (5,493,193)
Accumulated other comprehensive income 73,894 46,833
Total stockholders’ equity 32,941,467 28,713,149
Noncontrolling interests 165,502 130,140
Total equity 33,106,969 28,843,289
Total liabilities and equity $ 57,779,357 $ 49,673,092