CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Land	$ 5,593,425	$ 5,580,878
Depreciable property	22,911,464	22,334,369
Projects under development	61,411	112,940
Land held for development	62,533	60,567
Investment in real estate	28,628,833	28,088,754
Accumulated depreciation	(9,634,013)	(9,027,850)
Investment in real estate, net	18,994,820	19,060,904
Investments in unconsolidated entities	313,225	279,024
Cash and cash equivalents	39,250	53,869
Restricted deposits	87,477	83,303
Right-of-use assets	460,489	462,956
Other assets	213,714	278,206
Total assets	20,108,975	20,218,262
Liabilities:
Mortgage notes payable, net	1,634,726	1,953,438
Notes, net	5,346,895	5,342,329
Line of credit and commercial paper	497,636	129,955
Accounts payable and accrued expenses	164,975	96,028
Accrued interest payable	47,519	66,310
Lease liabilities	312,781	308,748
Other liabilities	231,652	306,941
Security deposits	69,498	68,940
Distributions payable	259,624	244,621
Total liabilities	8,565,306	8,517,310
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	277,782	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 September 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 September 30, 2023 and 378,429,708 shares issued and outstanding as of December 31, 2022	3,797	3,784
Paid in capital	9,589,057	9,476,085
Retained earnings	1,426,632	1,658,837
Accumulated other comprehensive income (loss)	5,099	(2,547)
Total shareholders’ equity	11,061,865	11,173,439
Noncontrolling Interests:
Operating Partnership	205,845	209,961
Partially Owned Properties	(1,823)	(721)
Total Noncontrolling Interests	204,022	209,240
Total equity	11,265,887	11,382,679
Total liabilities and equity	$ 20,108,975	$ 20,218,262