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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Real estate properties:    
Land $ 1,902,587,000 $ 1,918,385,000
Buildings, improvements and equipment 7,658,282,000 8,307,248,000
Total real estate properties, gross 9,560,869,000 10,225,633,000
Accumulated depreciation (2,970,133,000) (3,281,659,000)
Total real estate properties, net 6,590,736,000 6,943,974,000
Acquired real estate leases and other intangibles, net 252,357,000 283,241,000
Assets held for sale 121,905,000 515,518,000
Cash and cash equivalents 38,369,000 944,043,000
Restricted cash 7,051,000 3,375,000
Equity method investments 112,617,000 62,687,000
Investment in equity securities 53,055,000 61,159,000
Due from related persons 35,033,000 48,168,000
Other assets, net 277,068,000 291,150,000
Total assets 7,488,191,000 9,153,315,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Revolving credit facility 0 1,000,000,000
Senior unsecured notes, net 5,655,530,000 6,143,022,000
Accounts payable and other liabilities 425,960,000 433,448,000
Due to related persons 17,909,000 21,539,000
Total liabilities 6,099,399,000 7,598,009,000
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 165,452,566 and 165,092,333 shares issued and outstanding, respectively 1,655,000 1,651,000
Additional paid in capital 4,554,861,000 4,552,558,000
Cumulative other comprehensive income (loss) 2,383,000 779,000
Cumulative net income available for common shareholders 2,503,279,000 2,635,660,000
Cumulative common distributions (5,673,386,000) (5,635,342,000)
Total shareholders’ equity 1,388,792,000 1,555,306,000
Total liabilities and shareholders’ equity $ 7,488,191,000 $ 9,153,315,000