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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Real estate, at cost $ 3,691,066 $ 3,583,978
Real estate - intangible assets 328,607 341,403
Land held for development 84,412 104,160
Investments in real estate under construction 361,924 161,165
Real estate, gross 4,466,009 4,190,706
Less: accumulated depreciation and amortization 800,470 655,740
Real estate, net 3,665,539 3,534,966
Assets held for sale 66,434 82,586
Right-of-use assets, net 23,986 27,966
Cash and cash equivalents 54,390 190,926
Restricted cash 116 101
Investments in non-consolidated entities 58,206 74,559
Deferred expenses (net of accumulated amortization of $20,348 in 2022 and $18,356 in 2021) 25,207 18,861
Investment in a sales-type lease, net (allowance for credit loss of $93 in 2022) 61,233 0
Rent receivable - current 3,030 3,526
Rent receivable - deferred 71,392 63,283
Other assets 24,314 8,784
Total assets 4,053,847 4,005,558
Liabilities:    
Mortgages and notes payable, net 72,103 83,092
Term loan payable, net 298,959 298,446
Senior notes payable, net 989,295 987,931
Trust preferred securities, net 127,694 127,595
Dividends payable 38,416 37,425
Liabilities held for sale 1,150 3,468
Operating lease liabilities 25,118 29,094
Accounts payable and other liabilities 74,261 77,607
Accrued interest payable 9,181 8,481
Deferred revenue - including below market leases (net of accumulated accretion of $15,430 in 2022 and $14,258 in 2021) 11,452 14,474
Prepaid rent 15,215 14,717
Total liabilities 1,662,844 1,682,330
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 600,000,000 shares, 291,719,310 and 283,752,726 shares issued and outstanding in 2022 and 2021, respectively 29 28
Additional paid-in-capital 3,320,087 3,252,506
Accumulated distributions in excess of net income (1,079,087) (1,049,434)
Accumulated other comprehensive income (loss) 17,689 (6,258)
Total shareholders’ equity 2,352,734 2,290,858
Noncontrolling interests 38,269 32,370
Total equity 2,391,003 2,323,228
Total liabilities and equity $ 4,053,847 $ 4,005,558