XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Real estate, at cost $ 3,706,146 $ 3,691,066
Real estate - intangible assets 318,549 328,607
Land held for development 84,708 84,412
Investments in real estate under construction 380,446 361,924
Real estate, gross 4,489,849 4,466,009
Less: accumulated depreciation and amortization 893,031 800,470
Real estate, net 3,596,818 3,665,539
Assets held for sale 11,691 66,434
Right-of-use assets, net 20,390 23,986
Cash and cash equivalents 35,421 54,390
Restricted cash 211 116
Investments in non-consolidated entities 52,351 58,206
Deferred expenses, net 31,350 25,207
Investment in a sales-type lease, net (allowance for credit loss $64 in 2023 and $93 in 2022) 62,887 61,233
Rent receivable – current 6,636 3,030
Rent receivable – deferred 78,665 71,392
Other assets 32,584 24,314
Total assets 3,929,004 4,053,847
Liabilities:    
Mortgages and notes payable, net 63,390 72,103
Term loan payable, net 299,334 298,959
Senior notes payable, net 990,318 989,295
Trust preferred securities, net 127,769 127,694
Dividends payable 38,304 38,416
Liabilities held for sale 1,083 1,150
Operating lease liabilities 21,269 25,118
Accounts payable and other liabilities 57,296 74,261
Accrued interest payable 10,681 9,181
Deferred revenue - including below-market leases, net 9,889 11,452
Prepaid rent 15,531 15,215
Total liabilities 1,634,864 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, 292,611,107 and 291,719,310 shares issued and outstanding in 2023 and 2022, respectively 29 29
Additional paid-in-capital 3,324,790 3,320,087
Accumulated distributions in excess of net income (1,177,212) (1,079,087)
Accumulated other comprehensive income 14,362 17,689
Total shareholders’ equity 2,255,985 2,352,734
Noncontrolling interests 38,155 38,269
Total equity 2,294,140 2,391,003
Total liabilities and equity $ 3,929,004 $ 4,053,847