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EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Rental properties:    
Land and land improvements $ 3,138,093 $ 3,036,912
Buildings and improvements 13,535,431 13,098,311
Total rental properties 16,673,524 16,135,223
Less: accumulated depreciation (5,803,797) (5,664,931)
Net real estate 10,869,727 10,470,292
Real estate under development 24,631 23,724
Co-investments 1,062,575 1,061,733
Total real estate 11,956,933 11,555,749
Cash and cash equivalents-unrestricted 499,036 391,749
Cash and cash equivalents-restricted 8,834 8,585
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2024 and December 31, 2023 91,295 87,795
Notes and other receivables, net of allowance for credit losses of $0.7 million as of both March 31, 2024 and December 31, 2023, respectively (includes related party receivables of $5.9 million and $6.1 million as of March 31, 2024 and December 31, 2023, respectively) 183,040 174,621
Operating lease right-of-use assets 62,858 63,757
Prepaid expenses and other assets 83,189 79,171
Total assets 12,885,185 12,361,427
LIABILITIES AND EQUITY    
Unsecured debt, net 5,666,604 5,318,531
Mortgage notes payable, net 886,388 887,204
Accounts payable and accrued liabilities 216,536 176,401
Construction payable 18,280 20,659
Dividends payable 165,208 155,695
Distributions in excess of investments in co-investments 63,806 65,488
Operating lease liabilities 64,097 65,091
Other liabilities 48,321 46,175
Total liabilities 7,129,240 6,735,244
Commitments and contingencies
Redeemable noncontrolling interest 32,192 32,205
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,209,059 and 64,203,497 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,658,882 6,656,720
Distributions in excess of accumulated earnings (1,152,136) (1,267,536)
Accumulated other comprehensive income, net 41,279 33,556
Total stockholders' equity 5,548,031 5,422,746
Noncontrolling interest 175,722 171,232
Total equity 5,723,753 5,593,978
Total liabilities and equity $ 12,885,185 $ 12,361,427