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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Real estate, at cost $ 3,583,978 $ 3,514,564
Real estate - intangible assets 341,403 409,293
Land held for development 104,160 0
Investments in real estate under construction 161,165 75,906
Real estate, gross 4,190,706 3,999,763
Less: accumulated depreciation and amortization 655,740 884,465
Real estate, net 3,534,966 3,115,298
Assets held for sale 82,586 16,530
Right-of-use assets, net 27,966 31,423
Cash and cash equivalents 190,926 178,795
Restricted cash 101 626
Investments in non-consolidated entities 74,559 56,464
Deferred expenses (net of accumulated amortization of $18,356 in 2021 and $23,171 in 2020) 18,861 15,901
Rent receivable - current 3,526 2,899
Rent receivable - deferred 63,283 66,959
Other assets 8,784 8,331
Total assets 4,005,558 3,493,226
Liabilities:    
Mortgages and notes payable, net 83,092 136,529
Term loan payable, net 298,446 297,943
Senior notes payable, net 987,931 779,275
Trust preferred securities, net 127,595 127,495
Dividends payable 37,425 35,401
Liabilities held for sale 3,468 790
Operating lease liabilities 29,094 32,515
Accounts payable and other liabilities 77,607 55,208
Accrued interest payable 8,481 6,334
Deferred revenue - including below market leases (net of accumulated accretion of $14,258 in 2021 and $12,758 in 2020) 14,474 17,264
Prepaid rent 14,717 13,335
Total liabilities 1,682,330 1,502,089
Commitments and contingencies
Equity:    
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding 94,016 94,016
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 283,752,726 and 277,152,450 shares issued and outstanding in 2021 and 2020, respectively 28 28
Additional paid-in-capital 3,252,506 3,196,315
Accumulated distributions in excess of net income (1,049,434) (1,301,726)
Accumulated other comprehensive loss (6,258) (17,963)
Total shareholders’ equity 2,290,858 1,970,670
Noncontrolling interests 32,370 20,467
Total equity 2,323,228 1,991,137
Total liabilities and equity $ 4,005,558 $ 3,493,226