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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Real estate, at cost $ 3,631,514 $ 3,583,978
Real estate - intangible assets 332,646 341,403
Land held for development 108,032 104,160
Investments in real estate under construction 294,399 161,165
Real estate, gross 4,366,591 4,190,706
Less: accumulated depreciation and amortization 703,300 655,740
Real estate, net 3,663,291 3,534,966
Assets held for sale 114,546 82,586
Right-of-use assets, net 25,994 27,966
Cash and cash equivalents 49,817 190,926
Restricted cash 109 101
Investments in non-consolidated entities 59,132 74,559
Deferred expenses, net 22,627 18,861
Rent receivable – current 2,604 3,526
Rent receivable – deferred 67,404 63,283
Investment in a sales-type lease 28,013 0
Other assets 20,883 8,784
Total assets 4,054,420 4,005,558
Liabilities:    
Mortgages and notes payable, net 77,651 83,092
Revolving credit facility borrowings 120,000 0
Term loan payable, net 298,698 298,446
Senior notes payable, net 988,613 987,931
Trust preferred securities, net 127,644 127,595
Dividends payable 35,578 37,425
Liabilities held for sale 5,095 3,468
Operating lease liabilities 26,983 29,094
Accounts payable and other liabilities 81,787 77,607
Accrued interest payable 7,947 8,481
Deferred revenue - including below-market leases, net 12,195 14,474
Prepaid rent 12,579 14,717
Total liabilities 1,794,770 1,682,330
Commitments and contingencies
Equity:    
Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding 94,016 94,016
Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 281,670,437 and 283,752,726 shares issued and outstanding in 2022 and 2021, respectively 28 28
Additional paid-in-capital 3,189,713 3,252,506
Accumulated distributions in excess of net income (1,068,408) (1,049,434)
Accumulated other comprehensive income (loss) 9,558 (6,258)
Total shareholders’ equity 2,224,907 2,290,858
Noncontrolling interests 34,743 32,370
Total equity 2,259,650 2,323,228
Total liabilities and equity $ 4,054,420 $ 4,005,558