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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate:    
Buildings and improvements $ 11,543,657 $ 11,048,433
Development costs and construction in progress 711,772 613,182
Land 1,966,665 1,867,278
Accumulated depreciation and amortization (2,618,101) (2,409,135)
Net real estate 11,603,993 11,119,758
Net investment in direct financing leases 44,706 44,706
Loans receivable, net of reserves of $4,198 and $10,280 429,076 195,375
Investments in and advances to unconsolidated joint ventures 388,415 402,871
Accounts receivable, net of allowance of $3,429 and $3,994 41,814 42,269
Cash and cash equivalents 96,923 44,226
Restricted cash 129,052 67,206
Intangible assets, net 511,612 519,917
Assets held for sale and discontinued operations, net 246,807 2,626,306
Right-of-use asset, net 215,303 192,349
Other assets, net 624,669 665,106
Total assets 14,332,370 15,920,089
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 720,000 129,590
Term loan 249,303 249,182
Senior unsecured notes 3,710,972 5,697,586
Mortgage debt 358,101 221,621
Intangible liabilities, net 139,116 144,199
Liabilities related to assets held for sale and discontinued operations, net 65,272 415,737
Lease liability 189,732 179,895
Accounts payable, accrued liabilities, and other liabilities 688,458 763,391
Deferred revenue 777,687 774,316
Total liabilities 6,898,641 8,575,517
Commitments and contingencies
Common stock, $1.00 par value: 750,000,000 shares authorized; 538,955,168 and 538,405,393 shares issued and outstanding 538,955 538,405
Additional paid-in capital 10,229,549 10,229,857
Cumulative dividends in excess of earnings (3,880,253) (3,976,232)
Accumulated other comprehensive income (loss) (3,389) (3,685)
Total stockholders’ equity 6,884,862 6,788,345
Joint venture partners 347,610 357,069
Non-managing member unitholders 201,257 199,158
Total noncontrolling interests 548,867 556,227
Total equity 7,433,729 7,344,572
Total liabilities and equity $ 14,332,370 $ 15,920,089