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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Real estate, at cost $ 3,732,558 $ 3,691,066
Real estate - intangible assets 328,607 328,607
Land held for development 84,507 84,412
Investments in real estate under construction 349,827 361,924
Real estate, gross 4,495,499 4,466,009
Less: accumulated depreciation and amortization 845,338 800,470
Real estate, net 3,650,161 3,665,539
Assets held for sale 44,286 66,434
Right-of-use assets, net 22,967 23,986
Cash and cash equivalents 42,923 54,390
Restricted cash 120 116
Investments in non-consolidated entities 52,571 58,206
Deferred expenses, net 25,485 25,207
Investment in a sales-type lease, net (allowance for credit loss $172 in 2023 and $93 in 2022) 61,680 61,233
Rent receivable – current 4,141 3,030
Rent receivable – deferred 74,394 71,392
Other assets 26,353 24,314
Total assets 4,005,081 4,053,847
Liabilities:    
Mortgages and notes payable, net 69,288 72,103
Term loan payable, net 299,084 298,959
Senior notes payable, net 989,636 989,295
Trust preferred securities, net 127,719 127,694
Dividends payable 38,164 38,416
Liabilities held for sale 1,889 1,150
Operating lease liabilities 23,985 25,118
Accounts payable and other liabilities 57,170 74,261
Accrued interest payable 10,431 9,181
Deferred revenue - including below-market leases, net 10,959 11,452
Prepaid rent 15,994 15,215
Total liabilities 1,644,319 1,662,844
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, 292,557,721 and 291,719,310 shares issued and outstanding in 2023 and 2022, respectively 29 29
Additional paid-in-capital 3,320,185 3,320,087
Accumulated distributions in excess of net income (1,105,875) (1,079,087)
Accumulated other comprehensive income 14,169 17,689
Total shareholders’ equity 2,322,524 2,352,734
Noncontrolling interests 38,238 38,269
Total equity 2,360,762 2,391,003
Total liabilities and equity $ 4,005,081 $ 4,053,847