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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Real estate, at cost $ 3,774,239 $ 3,691,066
Real estate - intangible assets 314,525 328,607
Land held for development 80,743 84,412
Investments in real estate under construction 319,355 361,924
Real estate, gross 4,488,862 4,466,009
Less: accumulated depreciation and amortization 904,709 800,470
Real estate, net 3,584,153 3,665,539
Assets held for sale 9,168 66,434
Right-of-use assets, net 19,342 23,986
Cash and cash equivalents 199,247 54,390
Restricted cash 216 116
Short-term investments 130,140 0
Investments in non-consolidated entities 48,495 58,206
Deferred expenses (net of accumulated amortization of $21,667 in 2023 and $20,348 in 2022) 35,008 25,207
Investment in a sales-type lease, net (allowance for credit loss of $61 in 2023 and $93 in 2022) 63,464 61,233
Rent receivable - current 5,327 3,030
Rent receivable - deferred 80,421 71,392
Other assets 17,794 24,314
Total assets 4,192,775 4,053,847
Liabilities:    
Mortgages and notes payable, net 60,124 72,103
Term loan payable, net 296,764 298,959
Senior notes payable, net 1,286,145 989,295
Trust preferred securities, net 127,794 127,694
Dividends payable 39,610 38,416
Liabilities held for sale 417 1,150
Operating lease liabilities 20,233 25,118
Accounts payable and other liabilities 57,981 74,261
Accrued interest payable 11,379 9,181
Deferred revenue - including below market leases (net of accumulated accretion of $17,259 in 2023 and $15,430 in 2022) 9,428 11,452
Prepaid rent 17,443 15,215
Total liabilities 1,927,318 1,662,844
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, 293,449,088 and 291,719,310 shares issued and outstanding in 2023 and 2022, respectively 29 29
Additional paid-in-capital 3,330,383 3,320,087
Accumulated distributions in excess of net income (1,201,824) (1,079,087)
Accumulated other comprehensive income 9,483 17,689
Total shareholders’ equity 2,232,087 2,352,734
Noncontrolling interests 33,370 38,269
Total equity 2,265,457 2,391,003
Total liabilities and equity $ 4,192,775 $ 4,053,847