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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Net real estate investments:    
Real estate assets, at cost $ 13,456,499 $ 13,454,391
Less: accumulated depreciation 2,748,712 2,691,386
Real estate assets, net 10,707,787 10,763,005
Investments in sales-type lease, net 11,532 8,705
Investments in real estate partnerships 368,709 370,605
Net real estate investments 11,088,028 11,142,315
Properties held for sale, net 33,572 18,878
Cash, cash equivalents, and restricted cash, including $5,401 and $6,383 of restricted cash at March 31, 2024 and December 31, 2023, respectively 230,101 91,354
Tenant and other receivables, net 229,407 206,162
Deferred leasing costs, less accumulated amortization of $125,643 and $124,107 at March 31, 2024 and December 31, 2023, respectively 77,484 73,398
Acquired lease intangible assets, less accumulated amortization of $364,829 and $364,413 at March 31, 2024 and December 31, 2023, respectively 266,831 283,375
Right of use assets, net 326,047 328,002
Other assets 399,433 283,429
Total assets 12,650,903 12,426,913
Liabilities:    
Notes payable, net 4,387,181 4,001,949
Unsecured credit facility 30,000 152,000
Accounts payable and other liabilities 344,641 358,612
Acquired lease intangible liabilities, less accumulated amortization of $202,474 and $211,067 at March 31, 2024 and December 31, 2023, respectively 389,908 398,302
Lease liabilities 245,235 246,063
Tenants' security, escrow deposits and prepaid rent 75,919 78,052
Total liabilities 5,472,884 5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:    
Preferred stock $0.01 par value per share, 30,000,000 shares authorized; 9,000,000 and shares issued and outstanding, in the aggregate, in Series A and Series B at March 31, 2024 and December 31, 2023 with liquidation preference of $25 per share 225,000 225,000
Common stock $0.01 par value per share, 220,000,000 shares authorized; 184,774,486 and 184,581,070 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 1,848 1,846
Treasury stock at cost, 452,690 and 448,140 shares held at March 31, 2024 and December 31, 2023, respectively (26,321) (25,488)
Additional paid-in-capital 8,703,756 8,704,240
Accumulated other comprehensive income (loss) 4,465 (1,308)
Distributions in excess of net income (1,889,037) (1,871,603)
Total shareholders' equity 7,019,711 7,032,687
Noncontrolling interests:    
Exchangeable operating partnership units, aggregate redemption value of $66,587 and $74,199 at March 31, 2024 and December 31, 2023, respectively 41,606 42,195
Limited partners' interests in consolidated partnerships 116,702 117,053
Total noncontrolling interests 158,308 159,248
Total equity 7,178,019 7,191,935
Total liabilities and equity 12,650,903 12,426,913
Partnership Interest [Member]    
Net real estate investments:    
Real estate assets, at cost 13,456,499 13,454,391
Less: accumulated depreciation 2,748,712 2,691,386
Real estate assets, net 10,707,787 10,763,005
Investments in sales-type lease, net 11,532 8,705
Investments in real estate partnerships 368,709 370,605
Net real estate investments 11,088,028 11,142,315
Properties held for sale, net 33,572 18,878
Cash, cash equivalents, and restricted cash, including $5,401 and $6,383 of restricted cash at March 31, 2024 and December 31, 2023, respectively 230,101 91,354
Tenant and other receivables, net 229,407 206,162
Deferred leasing costs, less accumulated amortization of $125,643 and $124,107 at March 31, 2024 and December 31, 2023, respectively 77,484 73,398
Acquired lease intangible assets, less accumulated amortization of $364,829 and $364,413 at March 31, 2024 and December 31, 2023, respectively 266,831 283,375
Right of use assets, net 326,047 328,002
Other assets 399,433 283,429
Total assets 12,650,903 12,426,913
Liabilities:    
Notes payable, net 4,387,181 4,001,949
Unsecured credit facility 30,000 152,000
Accounts payable and other liabilities 344,641 358,612
Acquired lease intangible liabilities, less accumulated amortization of $202,474 and $211,067 at March 31, 2024 and December 31, 2023, respectively 389,908 398,302
Lease liabilities 245,235 246,063
Tenants' security, escrow deposits and prepaid rent 75,919 78,052
Total liabilities 5,472,884 5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:    
Preferred units $0.01 par value per unit, 30,000,000 units authorized; 9,000,000 units issued and outstanding, in the aggregate, in Series A and Series B at March 31, 2024 and December 31, 2023 with liquidation preference of $25 per unit 225,000 225,000
General partner's common units, 184,774,486 and 184,581,070 units issued and outstanding at March 31,2024 and December 31,2023, respectively 6,790,246 6,808,995
Limited partners' common units, 1,099,516 and 1,107,454 units issued and outstanding at March 31, 2024 and December 31, 2023 respectively 41,606 42,195
Accumulated other comprehensive income (loss) 4,465 (1,308)
Total partners' capital 7,061,317 7,074,882
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships 116,702 117,053
Total capital 7,178,019 7,191,935
Total liabilities and equity $ 12,650,903 $ 12,426,913