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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate:    
Buildings and improvements $ 11,759,664 $ 11,048,433
Development costs and construction in progress 845,382 613,182
Land 2,206,422 1,867,278
Accumulated depreciation and amortization (2,734,832) (2,409,135)
Net real estate 12,076,636 11,119,758
Net investment in direct financing leases 44,706 44,706
Loans receivable, net of reserves of $2,727 and $10,280 411,062 195,375
Investments in and advances to unconsolidated joint ventures 389,095 402,871
Accounts receivable, net of allowance of $3,690 and $3,994 44,699 42,269
Cash and cash equivalents 201,099 44,226
Restricted cash 53,699 67,206
Intangible assets, net 520,335 519,917
Assets held for sale and discontinued operations, net 105,009 2,626,306
Right-of-use asset, net 218,524 192,349
Other assets, net 678,638 665,106
Total assets 14,743,502 15,920,089
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 1,024,000 129,590
Term loan 0 249,182
Senior unsecured notes 4,157,834 5,697,586
Mortgage debt 356,570 221,621
Intangible liabilities, net 144,004 144,199
Liabilities related to assets held for sale and discontinued operations, net 18,910 415,737
Lease liability 191,444 179,895
Accounts payable, accrued liabilities, and other liabilities 729,939 760,617
Deferred revenue 782,413 774,316
Total liabilities 7,405,114 8,572,743
Commitments and contingencies
Redeemable noncontrolling interests 119,591 57,396
Common stock, $1.00 par value: 750,000,000 shares authorized; 539,066,131 and 538,405,393 shares issued and outstanding 539,066 538,405
Additional paid-in capital 10,122,112 10,175,235
Cumulative dividends in excess of earnings (3,987,537) (3,976,232)
Accumulated other comprehensive income (loss) (3,281) (3,685)
Total stockholders’ equity 6,670,360 6,733,723
Joint venture partners 347,180 357,069
Non-managing member unitholders 201,257 199,158
Total noncontrolling interests 548,437 556,227
Total equity 7,218,797 7,289,950
Total liabilities and equity $ 14,743,502 $ 15,920,089