CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Land	$ 5,675,037	$ 5,581,876
Depreciable property	24,148,043	22,938,426
Projects under development	222,055	78,036
Land held for development	65,113	114,300
Investment in real estate	30,110,248	28,712,638
Accumulated depreciation	(10,386,783)	(9,810,337)
Investment in real estate, net	19,723,465	18,902,301
Investments in unconsolidated entities	359,810	282,049
Cash and cash equivalents	28,610	50,743
Restricted deposits	97,949	89,252
Right-of-use assets	458,673	457,266
Other assets	257,314	252,953
Total assets	20,925,821	20,034,564
Liabilities:
Mortgage notes payable, net	1,633,414	1,632,902
Notes, net	5,945,670	5,348,417
Line of credit and commercial paper	786,561	409,131
Accounts payable and accrued expenses	165,787	87,377
Accrued interest payable	50,633	65,716
Lease liabilities	306,119	311,640
Other liabilities	294,543	272,596
Security deposits	74,350	69,178
Distributions payable	263,425	259,231
Total liabilities	9,520,502	8,456,188
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	351,803	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 September 30, 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; 379,354,738 shares issued and outstanding as of September 30, 2024 and 379,291,417 shares issued and outstanding as of December 31, 2023	3,794	3,793
Paid in capital	9,584,539	9,601,866
Retained earnings	1,244,953	1,437,185
Accumulated other comprehensive income (loss)	3,534	5,704
Total shareholders’ equity	10,853,975	11,085,828
Noncontrolling Interests:
Operating Partnership	199,206	202,306
Partially Owned Properties	335	994
Total Noncontrolling Interests	199,541	203,300
Total equity	11,053,516	11,289,128
Total liabilities and equity/capital	$ 20,925,821	$ 20,034,564