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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Real estate, at cost $ 3,951,860 $ 3,774,239
Real estate - intangible assets 310,989 314,525
Land held for development 81,034 80,743
Investments in real estate under construction 153,181 319,355
Real estate, gross 4,497,064 4,488,862
Less: accumulated depreciation and amortization 936,474 904,709
Real estate, net 3,560,590 3,584,153
Assets held for sale 25,123 9,168
Right-of-use assets, net 18,283 19,342
Cash and cash equivalents 163,213 199,247
Restricted cash 222 216
Short term investments 130,552 130,140
Investments in non-consolidated entities 47,010 48,495
Deferred expenses, net 35,549 35,008
Investment in a sales-type lease, net (allowance for credit loss $56 in 2024 and $61 in 2023) 64,061 63,464
Rent receivable – current 4,545 5,327
Rent receivable – deferred 83,049 80,421
Other assets 24,171 17,794
Total assets 4,156,368 4,192,775
Liabilities:    
Mortgages and notes payable, net 58,843 60,124
Term loan payable, net 297,027 296,764
Senior notes payable, net 1,286,711 1,286,145
Trust preferred securities, net 127,819 127,794
Dividends payable 39,572 39,610
Liabilities held for sale 622 417
Operating lease liabilities 18,993 20,233
Accounts payable and other liabilities 61,264 57,981
Accrued interest payable 18,255 11,379
Deferred revenue - including below-market leases, net 8,967 9,428
Prepaid rent 17,781 17,443
Total liabilities 1,935,854 1,927,318
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, 294,289,569 and 293,449,088 shares issued and outstanding in 2024 and 2023, respectively 29 29
Additional paid-in-capital 3,327,682 3,330,383
Accumulated distributions in excess of net income (1,241,595) (1,201,824)
Accumulated other comprehensive income 8,423 9,483
Total shareholders’ equity 2,188,555 2,232,087
Noncontrolling interests 31,959 33,370
Total equity 2,220,514 2,265,457
Total liabilities and equity $ 4,156,368 $ 4,192,775