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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate:    
Buildings and improvements $ 16,571,761 $ 13,329,464
Development costs and construction in progress 735,176 643,217
Land and improvements 3,079,225 2,647,633
Accumulated depreciation and amortization (3,723,173) (3,591,951)
Net real estate 16,662,989 13,028,363
Loans receivable, net of reserves of $9,334 and $2,830 267,798 218,450
Investments in and advances to unconsolidated joint ventures 930,559 782,853
Accounts receivable, net of allowance of $2,800 and $2,282 68,567 55,820
Cash and cash equivalents 101,763 117,635
Restricted cash 55,395 51,388
Intangible assets, net 1,160,446 314,156
Assets held for sale, net 0 117,986
Right-of-use asset, net 434,010 240,155
Other assets, net 860,513 772,044
Total assets 20,542,040 15,698,850
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 183,000 720,000
Term loans 1,645,180 496,824
Senior unsecured notes 6,545,209 5,403,378
Mortgage debt 382,406 256,097
Intangible liabilities, net 238,760 127,380
Liabilities related to assets held for sale, net 0 729
Lease liability 307,119 206,743
Accounts payable, accrued liabilities, and other liabilities 717,191 657,196
Deferred revenue 923,676 905,633
Total liabilities 10,942,541 8,773,980
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 54,848 48,828
Common stock, $1.00 par value: 1,500,000,000 and 750,000,000 shares authorized; 703,733,446 and 547,156,311 shares issued and outstanding 703,733 547,156
Additional paid-in capital 12,918,936 10,405,780
Cumulative dividends in excess of earnings (4,779,599) (4,621,861)
Accumulated other comprehensive income (loss) 38,543 19,371
Total stockholders’ equity 8,881,613 6,350,446
Joint venture partners 328,430 310,998
Non-managing member unitholders 334,608 214,598
Total noncontrolling interests 663,038 525,596
Total equity 9,544,651 6,876,042
Total liabilities and equity $ 20,542,040 $ 15,698,850