XML 28 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Land $ 4,124,542 $ 3,984,447
Building and improvements 14,332,700 14,067,824
Real estate 18,457,242 18,052,271
Less: accumulated depreciation and amortization [1] (3,417,414) (3,010,699)
Total real estate, net 15,039,828 15,041,572
Investments in and advances to real estate joint ventures 1,100,000 1,000,000
Cash and cash equivalents 149,829 334,663
Marketable securities 597,732 1,211,739
Accounts and notes receivable, net 304,226 254,677
Deferred charges and prepaid expenses 147,863 144,461
Operating lease right-of-use assets, net 133,733 147,458
Other assets 253,779 195,715
Total assets [2] 17,826,122 18,459,199
Liabilities:    
Notes payable, net 6,780,969 7,027,050
Mortgages payable, net 376,917 448,652
Accounts payable and accrued expenses 207,815 220,308
Dividends payable 5,326 5,366
Operating lease liabilities 113,679 [3] 123,779
Other liabilities 601,574 510,382
Total liabilities [4] 8,086,280 8,335,537
Redeemable noncontrolling interests 92,933 13,480
Commitments and contingencies (Footnote 22)
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 19,435 and 19,580 shares, respectively; aggregate liquidation preference $485,868 and $489,500, respectively 19 20
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 618,483,565 and 616,658,593 shares, respectively 6,185 6,167
Paid-in capital 9,618,271 9,591,871
Retained earnings (119,548) 299,115
Accumulated other comprehensive income 10,581 2,216
Total stockholders' equity 9,515,508 9,899,389
Noncontrolling interests 131,401 210,793
Total equity 9,646,909 10,110,182
Total liabilities and equity 17,826,122 18,459,199
Investments in and Advances to Real Estate Joint Ventures [Member]    
Assets:    
Investments in and advances to real estate joint ventures 1,091,551 1,006,899
Other Real Estate Investments [Member]    
Assets:    
Other investments $ 107,581 $ 122,015
[1] At December 31, 2022 and 2021, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $671,794 and $569,648, respectively.
[2] Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2022 and December 31, 2021 of $88,949 and $227,858, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.
[3] Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company's Consolidated Balance Sheets.
[4] Includes non-recourse liabilities of consolidated VIEs at September 30, 2022 and December 31, 2021 of $100,291 and $153,924, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.