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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate, at cost:    
Land and improvements $ 1,101,149 $ 1,109,172
Buildings and improvements 4,115,038 4,083,937
Construction in progress, including land 327,414 338,333
Real estate, at cost 5,543,601 5,531,442
Less: accumulated depreciation (1,452,387) (1,419,983)
Real estate, net 4,091,214 4,111,459
Cash and cash equivalents 81,338 145,804
Restricted cash 38,997 37,388
Tenant and other receivables 22,474 23,478
Deferred rent receivable 170,986 170,153
Investments in unconsolidated real estate ventures 92,781 93,654
Deferred leasing costs, net 68,563 69,821
Intangible assets, net 45,525 47,000
Other assets, net 120,725 131,318
Assets held for sale   190,465
TOTAL ASSETS 4,732,603 5,020,540
Liabilities:    
Mortgage loans, net 1,626,703 1,767,173
Revolving credit facility 162,000 85,000
Term loans, net 718,055 717,853
Accounts payable and accrued expenses 92,329 101,096
Other liabilities, net 144,288 115,827
Liabilities related to assets held for sale   901
Total liabilities 2,743,375 2,787,850
Commitments and contingencies
Redeemable noncontrolling interests 418,236 423,632
Shareholders' equity:    
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Common shares, $0.01 par value - 500,000 shares authorized; 73,033 and 84,500 shares issued and outstanding as of March 31, 2025 and December 31, 2024 731 846
Additional paid-in capital 2,607,115 2,790,403
Accumulated deficit (1,043,003) (997,283)
Accumulated other comprehensive income 6,149 15,092
Total equity 1,570,992 1,809,058
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY $ 4,732,603 $ 5,020,540