XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Real estate, at cost $ 3,642,114 $ 3,583,978
Real estate - intangible assets 332,646 341,403
Land held for development 108,379 104,160
Investments in real estate under construction 368,483 161,165
Real estate, gross 4,451,622 4,190,706
Less: accumulated depreciation and amortization 747,535 655,740
Real estate, net 3,704,087 3,534,966
Assets held for sale 73,761 82,586
Right-of-use assets, net 24,994 27,966
Cash and cash equivalents 29,407 190,926
Restricted cash 113 101
Investments in non-consolidated entities 55,415 74,559
Deferred expenses, net 25,564 18,861
Rent receivable – current 2,426 3,526
Rent receivable – deferred 69,419 63,283
Other assets 26,062 8,784
Total assets 4,011,248 4,005,558
Liabilities:    
Mortgages and notes payable, net 74,891 83,092
Revolving credit facility borrowings 130,000 0
Term loan payable, net 298,834 298,446
Senior notes payable, net 988,954 987,931
Trust preferred securities, net 127,669 127,595
Dividends payable 34,778 37,425
Liabilities held for sale 2,815 3,468
Operating lease liabilities 26,062 29,094
Accounts payable and other liabilities 88,028 77,607
Accrued interest payable 10,278 8,481
Deferred revenue - including below-market leases, net 11,734 14,474
Prepaid rent 14,693 14,717
Total liabilities 1,808,736 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, 276,100,331 and 283,752,726 shares issued and outstanding in 2022 and 2021, respectively 28 28
Additional paid-in-capital 3,134,739 3,252,506
Accumulated distributions in excess of net income (1,079,407) (1,049,434)
Accumulated other comprehensive income (loss) 17,768 (6,258)
Total shareholders’ equity 2,167,144 2,290,858
Noncontrolling interests 35,368 32,370
Total equity 2,202,512 2,323,228
Total liabilities and equity $ 4,011,248 $ 4,005,558