CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Land	$ 5,579,211	$ 5,580,878
Depreciable property	22,697,597	22,334,369
Projects under development	50,916	112,940
Land held for development	61,334	60,567
Investment in real estate	28,389,058	28,088,754
Accumulated depreciation	(9,428,549)	(9,027,850)
Investment in real estate, net	18,960,509	19,060,904
Investments in unconsolidated entities	304,710	279,024
Cash and cash equivalents	35,701	53,869
Restricted deposits	88,941	83,303
Right-of-use assets	463,704	462,956
Other assets	292,164	278,206
Total assets	20,145,729	20,218,262
Liabilities:
Mortgage notes payable, net	1,913,069	1,953,438
Notes, net	5,345,373	5,342,329
Line of credit and commercial paper	184,474	129,955
Accounts payable and accrued expenses	118,316	96,028
Accrued interest payable	66,238	66,310
Lease liabilities	313,866	308,748
Other liabilities	294,263	306,941
Security deposits	69,427	68,940
Distributions payable	258,841	244,621
Total liabilities	8,563,867	8,517,310
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	355,319	318,273
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of June 30, 2023 and December 31, 2022	37,280	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 379,032,722 shares issued and outstanding as of June 30, 2023 and 378,429,708 shares issued and outstanding as of December 31, 2022	3,790	3,784
Paid in capital	9,472,628	9,476,085
Retained earnings	1,506,460	1,658,837
Accumulated other comprehensive income (loss)	3,708	(2,547)
Total shareholders’ equity	11,023,866	11,173,439
Noncontrolling Interests:
Operating Partnership	207,405	209,961
Partially Owned Properties	(4,728)	(721)
Total Noncontrolling Interests	202,677	209,240
Total equity	11,226,543	11,382,679
Total liabilities and equity	$ 20,145,729	$ 20,218,262