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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Property, buildings and equipment:    
Land and buildings and improvements, gross value $ 6,243,574 $ 6,148,812
Accumulated depreciation (1,441,337) (1,382,298)
Property, buildings and equipment – net 4,802,237 4,766,514
Operating lease right-of-use assets 320,438 291,797
Accumulated depreciation – operating leases (31,800) (24,483)
Operating leases – net 288,638 267,314
Financing leases:    
Financing leases - gross 174,830 169,929
Accumulated depreciation – financing leases (47,783) (40,937)
Financing leases – net 127,047 128,992
Cash, cash equivalents and restricted cash 287,691 621,051
Accounts receivable – net of allowance of $12,866 and $12,286 at March 31, 2021 and December 31, 2020, respectively 306,970 324,221
Identifiable intangible assets – net 788,044 797,423
Goodwill 800,362 794,335
Investments in partially owned entities 42,376 44,907
Other assets 96,643 86,394
Total assets 7,540,008 7,831,151
Liabilities:    
Borrowings under revolving line of credit 43,786 0
Accounts payable and accrued expenses 524,876 552,547
Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs of $12,474 and $15,952, in the aggregate, at March 31, 2021 and December 31, 2020, respectively 2,416,228 2,648,266
Sale-leaseback financing obligations 181,951 185,060
Financing lease obligations 124,434 125,926
Operating lease obligations 282,226 269,147
Unearned revenue 18,957 19,209
Pension and postretirement benefits 8,980 9,145
Deferred tax liability – net 221,922 220,502
Multi-employer pension plan withdrawal liability 8,441 8,528
Total liabilities 3,831,801 4,038,330
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value – 500,000,000 and 325,000,000 authorized shares; 252,519,518 and 251,702,603 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 2,525 2,517
Paid-in capital 4,681,809 4,687,823
Accumulated deficit and distributions in excess of net earnings (965,844) (895,521)
Accumulated other comprehensive loss (13,659) (4,379)
Total shareholders’ equity 3,704,831 3,790,440
Noncontrolling interests:    
Noncontrolling interests in operating partnership and consolidated joint venture 3,376 2,381
Total equity 3,708,207 3,792,821
Total liabilities and equity 7,540,008 7,831,151
Land    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 663,569 662,885
Buildings and improvements    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 4,016,435 4,004,824
Financing leases:    
Financing leases - gross 59,528 60,513
Machinery and equipment    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 1,188,608 1,177,572
Financing leases:    
Financing leases - gross 115,302 109,416
Assets under construction    
Property, buildings and equipment:    
Land and buildings and improvements, gross value $ 374,962 $ 303,531