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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Land $ 1,706,396 $ 1,349,594
Buildings and improvements 10,574,820 8,624,734
Real estate assets, at cost, total 12,281,216 9,974,328
Accumulated depreciation (3,709,487) (3,358,027)
Net operating real estate assets 8,571,729 6,616,301
Properties under development, including land 529,076 474,739
Investments in joint ventures 0 13,730
Total real estate assets 9,100,805 7,104,770
Accounts receivable – affiliates 13,258 18,664
Other assets, net 231,645 234,370
Cash and cash equivalents 62,027 613,391
Restricted cash 6,390 5,589
Total assets 9,414,125 7,976,784
Liabilities    
Unsecured notes payable 3,173,198 3,170,367
Secured notes payable 514,843 0
Accounts payable and accrued expenses 212,558 191,651
Accrued real estate taxes 125,210 66,673
Distributions payable 103,620 88,786
Other liabilities 176,334 193,052
Total liabilities 4,305,763 3,710,529
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 117,727 and 114,668 issued; 115,627 and 112,578 outstanding at September 30, 2022 and December 31, 2021, respectively 1,156 1,126
Additional paid-in capital 5,893,623 5,363,530
Distributions in excess of net income attributable to common shareholders (525,127) (829,453)
Treasury shares, at cost (9,099 and 9,236 common shares at September 30, 2022 and December 31, 2021, respectively) (329,027) (333,974)
Accumulated other comprehensive loss (2,632) (3,739)
Total common equity 5,037,993 4,197,490
Non-controlling interests 70,369 68,765
Total equity 5,108,362 4,266,255
Total liabilities and equity $ 9,414,125 $ 7,976,784