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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate:    
Buildings and improvements $ 12,889,290 $ 12,784,078
Development costs and construction in progress 819,810 760,355
Land 2,674,942 2,667,188
Accumulated depreciation and amortization (3,296,781) (3,188,138)
Net real estate 13,087,261 13,023,483
Loans receivable, net of reserves of $6,152 and $8,280 243,149 374,832
Investments in and advances to unconsolidated joint ventures 714,679 706,677
Accounts receivable, net of allowance of $2,413 and $2,399 57,705 53,436
Cash and cash equivalents 59,235 72,032
Restricted cash 57,990 54,802
Intangible assets, net 391,956 418,061
Assets held for sale, net 0 49,866
Right-of-use asset, net 235,591 237,318
Other assets, net 754,723 780,722
Total assets 15,602,289 15,771,229
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 556,000 995,606
Term loans 496,168 495,957
Senior unsecured notes 5,056,543 4,659,451
Mortgage debt 345,167 346,599
Intangible liabilities, net 149,604 156,193
Liabilities related to assets held for sale, net 0 4,070
Lease liability 207,734 208,515
Accounts payable, accrued liabilities, and other liabilities 688,994 772,485
Deferred revenue 878,444 844,076
Total liabilities 8,378,654 8,482,952
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 85,902 105,679
Common stock, $1.00 par value: 750,000,000 shares authorized; 546,994,803 and 546,641,973 shares issued and outstanding 546,995 546,642
Additional paid-in capital 10,360,058 10,349,614
Cumulative dividends in excess of earnings (4,316,038) (4,269,689)
Accumulated other comprehensive income (loss) 18,721 28,134
Total stockholders’ equity 6,609,736 6,654,701
Joint venture partners 320,363 327,721
Non-managing member unitholders 207,634 200,176
Total noncontrolling interests 527,997 527,897
Total equity 7,137,733 7,182,598
Total liabilities and equity $ 15,602,289 $ 15,771,229