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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Property, buildings and equipment:    
Property, buildings and equipment - gross $ 6,848,931 $ 6,762,810
Accumulated depreciation (1,708,031) (1,634,909)
Property, buildings and equipment – net 5,140,900 5,127,901
Operating lease right-of-use assets 369,706 377,536
Accumulated depreciation – operating leases (61,359) (57,483)
Operating leases – net 308,347 320,053
Financing leases:    
Financing leases - gross 155,000 159,893
Accumulated depreciation – financing leases (56,471) (58,165)
Financing leases – net 98,529 101,728
Cash, cash equivalents and restricted cash 50,965 82,958
Accounts receivable – net of allowance of $20,725 and $18,755 at March 31, 2022 and December 31, 2021, respectively 419,348 380,014
Identifiable intangible assets – net 968,099 980,966
Goodwill 1,068,479 1,072,980
Investments in partially owned entities 43,526 37,458
Other assets 109,676 112,139
Total assets 8,207,869 8,216,197
Liabilities:    
Borrowings under revolving line of credit 513,824 399,314
Accounts payable and accrued expenses 535,617 559,412
Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs of $10,492 and $11,050, in the aggregate, at March 31, 2022 and December 31, 2021, respectively 2,422,570 2,443,806
Sale-leaseback financing obligations 177,305 178,817
Financing lease obligations 91,436 97,633
Operating lease obligations 291,050 301,765
Unearned revenue 28,349 26,143
Pension and postretirement benefits 3,057 2,843
Deferred tax liability – net 165,331 169,209
Multi-employer pension plan withdrawal liability 8,091 8,179
Total liabilities 4,236,630 4,187,121
Commitments and Contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value – 500,000,000 authorized shares; 268,672,465 and 268,282,592 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 2,687 2,683
Paid-in capital 5,177,642 5,171,690
Accumulated deficit and distributions in excess of net earnings (1,234,875) (1,157,888)
Accumulated other comprehensive income 15,926 4,522
Total shareholders’ equity 3,961,380 4,021,007
Noncontrolling interests:    
Noncontrolling interests in operating partnership 9,859 8,069
Total unrealized gains on derivative contracts 3,971,239 4,029,076
Total liabilities and equity 8,207,869 8,216,197
Land    
Property, buildings and equipment:    
Property, buildings and equipment - gross 811,442 807,495
Buildings and improvements    
Property, buildings and equipment:    
Property, buildings and equipment - gross 4,163,054 4,152,763
Financing leases:    
Financing leases - gross 13,557 13,552
Machinery and equipment    
Property, buildings and equipment:    
Property, buildings and equipment - gross 1,361,741 1,352,399
Financing leases:    
Financing leases - gross 141,443 146,341
Assets under construction    
Property, buildings and equipment:    
Property, buildings and equipment - gross $ 512,694 $ 450,153