CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Land	$ 5,550,882	$ 5,581,876
Depreciable property	22,930,036	22,938,426
Projects under development	155,729	78,036
Land held for development	64,466	114,300
Investment in real estate	28,701,113	28,712,638
Accumulated depreciation	(9,978,012)	(9,810,337)
Investment in real estate, net	18,723,101	18,902,301
Investments in unconsolidated entities	289,272	282,049
Cash and cash equivalents	44,535	50,743
Restricted deposits	152,025	89,252
Right-of-use assets	454,035	457,266
Other assets	231,829	252,953
Total assets	19,894,797	20,034,564
Liabilities:
Mortgage notes payable, net	1,633,870	1,632,902
Notes, net	5,349,938	5,348,417
Line of credit and commercial paper	225,921	409,131
Accounts payable and accrued expenses	146,072	87,377
Accrued interest payable	49,190	65,716
Lease liabilities	310,422	311,640
Other liabilities	274,919	272,596
Security deposits	68,818	69,178
Distributions payable	263,615	259,231
Total liabilities	8,322,765	8,456,188
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	298,219	289,248
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of March 31, 2024 and 745,600 shares issued and outstanding as of December 31, 2023	17,155	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 378,939,751 shares issued and outstanding as of March 31, 2024 and 379,291,417 shares issued and outstanding as of December 31, 2023	3,789	3,793
Paid in capital	9,603,743	9,601,866
Retained earnings	1,436,671	1,437,185
Accumulated other comprehensive income (loss)	6,314	5,704
Total shareholders’ equity	11,067,672	11,085,828
Noncontrolling Interests:
Operating Partnership	207,272	202,306
Partially Owned Properties	(1,131)	994
Total Noncontrolling Interests	206,141	203,300
Total equity	11,273,813	11,289,128
Total liabilities and equity/capital	$ 19,894,797	$ 20,034,564