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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investment properties:    
Land and improvements $ 248,123 $ 241,559
Building and improvements 4,696,846 4,659,780
Construction in progress 30,899 18,497
Tenant improvements 91,649 88,640
Acquired lease intangibles 508,549 505,335
Gross real estate property 5,576,066 5,513,811
Accumulated depreciation (1,092,057) (996,888)
Net real estate property 4,484,009 4,516,923
Right-of-use lease assets, net 229,110 231,225
Real estate loans receivable, net 88,969 104,973
Investments in unconsolidated entities 73,801 77,716
Net real estate investments 4,875,889 4,930,837
Cash and cash equivalents 245,660 7,730
Tenant receivables, net 8,294 11,503
Other assets 149,695 146,807
Total assets 5,279,538 5,096,877
Liabilities:    
Credit facility 392,524 188,328
Notes payable 1,451,162 1,465,437
Mortgage debt 163,926 164,352
Accounts payable 4,209 4,391
Dividends and distributions payable 60,404 60,148
Accrued expenses and other liabilities 93,432 87,720
Lease liabilities 104,696 105,011
Acquired lease intangibles, net 23,211 24,381
Total liabilities 2,293,564 2,099,768
Redeemable noncontrolling interest - Series A Preferred Units and partially owned properties 3,115 3,258
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 238,451,853 and 233,292,030 common shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 2,385 2,333
Additional paid-in capital 3,813,864 3,743,876
Accumulated deficit (969,743) (881,672)
Accumulated other comprehensive income 9,282 5,183
Total shareholders’ equity 2,855,788 2,869,720
Noncontrolling interests:    
Operating Partnership 117,766 123,015
Partially owned properties 9,305 1,116
Total noncontrolling interests 127,071 124,131
Total equity 2,982,859 2,993,851
Total liabilities and equity $ 5,279,538 $ 5,096,877