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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets:    
Operating real estate, net of accumulated depreciation of $2,155,365 and $2,115,320, respectively $ 9,156,544 $ 9,274,299
Investments and advances in real estate joint ventures 702,586 742,559
Real estate under development 189,811 179,190
Other real estate investments 217,272 215,836
Mortgages and other financing receivables 24,000 23,824
Cash and cash equivalents 222,000 189,534
Marketable securities [1] 5,716 7,565
Accounts and notes receivable 174,005 175,252
Other assets 557,427 536,112
Total assets 11,249,361 11,344,171
Liabilities:    
Notes payable [2] 3,660,666 3,761,328
Mortgages payable [3] 1,501,796 1,614,982
Declaration of dividends paid in succeeding period 116,631 115,182
Other liabilities 566,206 584,019
Total liabilities 5,845,299 6,075,511
Redeemable noncontrolling interests 86,705 86,709
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 6,029,100 shares 32,000 shares issued and outstanding (in series) Aggregate liquidation preference $800,000 32 32
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 418,281,954 and 413,430,756 shares, respectively 4,183 4,134
Paid-in capital 5,721,011 5,608,881
Cumulative distributions in excess of net income (550,103) (572,335)
Accumulated other comprehensive income 7,496 5,588
Total stockholders' equity 5,182,619 5,046,300
Noncontrolling interests 134,738 135,651
Total equity 5,317,357 5,181,951
Total liabilities and equity $ 11,249,361 $ 11,344,171
[1] As of March 31, 2016 and December 31, 2015, the Company determined that $4.1 million and $5.9 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $1.7 million and $1.7 million, respectively, were classified within Level 3 of the fair value hierarchy.
[2] The Company determined that its valuation of Notes payable was classified within Level 2 of the fair value hierarchy.
[3] The Company determined that its valuation of Mortgages payable was classified within Level 3 of the fair value hierarchy.