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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Operating (including $1,665,185 and $1,639,486 of consolidated variable interest entities, respectively) $ 7,256,876 $ 6,950,188
Construction-in-progress (including $60,937 and $43,393 of consolidated variable interest entities, respectively) 481,994 684,873
Assets held for sale 21,990 0
Real estate, at cost, total 7,760,860 7,635,061
Less accumulated depreciation and amortization (including $280,028 and $247,410 of consolidated variable interest entities, respectively) (2,018,627) (1,876,544)
Net real estate 5,742,233 5,758,517
Cash and cash equivalents 41,872 15,188
Accounts and notes receivable, net 151,403 209,877
Mortgage notes receivable, net 30,429 30,429
Investment in real estate partnerships 27,647 23,941
Prepaid expenses and other assets 292,080 237,803
TOTAL ASSETS 6,285,664 6,275,755
Liabilities    
Mortgages payable, net (including $445,831 and $460,372 of consolidated variable interest entities, respectively) 476,057 491,505
Capital lease obligations 71,529 71,556
Notes payable, net 305,483 320,265
Senior notes and debentures, net 2,403,565 2,401,440
Accounts payable and accrued expenses 184,683 196,332
Dividends payable 77,809 75,931
Security deposits payable 17,698 16,667
Other liabilities and deferred credits 173,953 169,388
Total liabilities 3,710,777 3,743,084
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 141,448 141,157
Shareholders’ equity    
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 73,859,280 and 73,090,877 shares issued and outstanding, respectively 741 733
Additional paid-in capital 2,946,555 2,855,321
Accumulated dividends in excess of net income (795,649) (749,367)
Accumulated other comprehensive income 127 22
Total shareholders’ equity of the Trust 2,311,771 2,266,706
Noncontrolling interests 121,668 124,808
Total shareholders’ equity 2,433,439 2,391,514
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 6,285,664 6,275,755
5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per share), 6,000 shares issued and outstanding    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par 150,000 150,000
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 399,896 shares issued and outstanding    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par $ 9,997 $ 9,997