CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Land	$ 5,733,412	$ 5,814,790
Depreciable property	22,443,313	22,370,811
Projects under development	65,161	24,307
Land held for development	59,573	62,998
Investment in real estate	28,301,459	28,272,906
Accumulated depreciation	(8,740,806)	(8,354,282)
Investment in real estate, net	19,560,653	19,918,624
Investments in unconsolidated entities	169,272	127,448
Cash and cash equivalents	45,010	123,832
Restricted deposits	73,641	236,404
Right-of-use assets	468,834	474,713
Other assets	256,935	288,220
Total assets	20,574,345	21,169,241
Liabilities:
Mortgage notes payable, net	1,944,404	2,191,201
Notes, net	5,838,693	5,835,222
Line of credit and commercial paper	184,946	315,030
Accounts payable and accrued expenses	119,402	107,013
Accrued interest payable	69,037	69,510
Lease liabilities	310,513	312,335
Other liabilities	292,205	353,102
Security deposits	69,609	66,141
Distributions payable	242,667	233,502
Total liabilities	9,071,476	9,483,056
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	398,188	498,977
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, 2022 and December 31, 2021	37,280	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 376,118,433 shares issued and outstanding as of June 30, 2022 and 375,527,195 shares issued and outstanding as of December 31, 2021	3,761	3,755
Paid in capital	9,229,738	9,121,122
Retained earnings	1,649,960	1,827,063
Accumulated other comprehensive income (loss)	(30,650)	(34,272)
Total shareholders’ equity	10,890,089	10,954,948
Noncontrolling Interests:
Operating Partnership	216,326	214,094
Partially Owned Properties	(1,734)	18,166
Total Noncontrolling Interests	214,592	232,260
Total equity	11,104,681	11,187,208
Total liabilities and equity	$ 20,574,345	$ 21,169,241