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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate:    
Buildings and improvements $ 13,039,278 $ 12,784,078
Development costs and construction in progress 775,836 760,355
Land 2,661,963 2,667,188
Accumulated depreciation and amortization (3,379,874) (3,188,138)
Net real estate 13,097,203 13,023,483
Loans receivable, net of reserves of $8,366 and $8,280 214,030 374,832
Investments in and advances to unconsolidated joint ventures 731,956 706,677
Accounts receivable, net of allowance of $2,387 and $2,399 53,467 53,436
Cash and cash equivalents 103,780 72,032
Restricted cash 56,745 54,802
Intangible assets, net 364,453 418,061
Assets held for sale, net 8,282 49,866
Right-of-use asset, net 234,050 237,318
Other assets, net 739,574 780,722
Total assets 15,603,540 15,771,229
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 329,000 995,606
Term loans 496,382 495,957
Senior unsecured notes 5,399,504 4,659,451
Mortgage debt 343,766 346,599
Intangible liabilities, net 140,060 156,193
Liabilities related to assets held for sale, net 52 4,070
Lease liability 204,489 208,515
Accounts payable, accrued liabilities, and other liabilities 682,764 772,485
Deferred revenue 881,870 844,076
Total liabilities 8,477,887 8,482,952
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 63,792 105,679
Common stock, $1.00 par value: 750,000,000 shares authorized; 547,052,994 and 546,641,973 shares issued and outstanding 547,053 546,642
Additional paid-in capital 10,384,982 10,349,614
Cumulative dividends in excess of earnings (4,428,423) (4,269,689)
Accumulated other comprehensive income (loss) 31,453 28,134
Total stockholders’ equity 6,535,065 6,654,701
Joint venture partners 316,247 327,721
Non-managing member unitholders 210,549 200,176
Total noncontrolling interests 526,796 527,897
Total equity 7,061,861 7,182,598
Total liabilities and equity $ 15,603,540 $ 15,771,229