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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate:    
Buildings and improvements $ 13,329,464 $ 12,784,078
Development costs and construction in progress 643,217 760,355
Land and improvements 2,647,633 2,667,188
Accumulated depreciation and amortization (3,591,951) (3,188,138)
Net real estate 13,028,363 13,023,483
Loans receivable, net of reserves of $2,830 and $8,280 218,450 374,832
Investments in and advances to unconsolidated joint ventures 782,853 706,677
Accounts receivable, net of allowance of $2,282 and $2,399 55,820 53,436
Cash and cash equivalents 117,635 72,032
Restricted cash 51,388 54,802
Intangible assets, net 314,156 418,061
Assets held for sale, net 117,986 49,866
Right-of-use asset, net 240,155 237,318
Other assets, net 772,044 780,722
Total assets 15,698,850 15,771,229
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 720,000 995,606
Term loans 496,824 495,957
Senior unsecured notes 5,403,378 4,659,451
Mortgage debt 256,097 346,599
Intangible liabilities, net 127,380 156,193
Liabilities related to assets held for sale, net 729 4,070
Lease liability 206,743 208,515
Accounts payable, accrued liabilities, and other liabilities 657,196 772,485
Deferred revenue 905,633 844,076
Total liabilities 8,773,980 8,482,952
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 48,828 105,679
Common stock, $1.00 par value: 750,000,000 shares authorized; 547,156,311 and 546,641,973 shares issued and outstanding 547,156 546,642
Additional paid-in capital 10,405,780 10,349,614
Cumulative dividends in excess of earnings (4,621,861) (4,269,689)
Accumulated other comprehensive income (loss) 19,371 28,134
Total stockholders’ equity 6,350,446 6,654,701
Joint venture partners 310,998 327,721
Non-managing member unitholders 214,598 200,176
Total noncontrolling interests 525,596 527,897
Total equity 6,876,042 7,182,598
Total liabilities and equity $ 15,698,850 $ 15,771,229