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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Operating (including $1,699,440 and $1,701,804 of consolidated variable interest entities, respectively) $ 7,293,205 $ 7,307,622
Construction-in-progress (including $62,037 and $51,313 of consolidated variable interest entities, respectively) 540,192 495,274
Assets held for sale 10,771 16,576
Real estate, at cost, total 7,844,168 7,819,472
Less accumulated depreciation and amortization (including $301,029 and $292,374 of consolidated variable interest entities, respectively) (2,105,159) (2,059,143)
Net real estate 5,739,009 5,760,329
Cash and cash equivalents 43,003 64,087
Accounts and notes receivable, net 137,779 142,237
Mortgage notes receivable, net 30,429 30,429
Investment in partnerships 30,530 26,859
Operating lease right of use assets 95,402 0
Finance lease right of use assets 53,365 0
Prepaid expenses and other assets 221,849 265,703
TOTAL ASSETS 6,351,366 6,289,644
Liabilities    
Mortgages payable, net (including $441,107 and $444,388 of consolidated variable interest entities, respectively) 452,466 474,379
Capital lease obligations 0 71,519
Notes payable, net 299,106 279,027
Senior notes and debentures, net 2,404,987 2,404,279
Accounts payable and accrued expenses 156,029 177,922
Dividends payable 78,547 78,207
Security deposits payable 19,381 17,875
Operating lease liabilities 75,057 0
Finance lease liabilities 72,071 0
Other liabilities and deferred credits 157,451 182,898
Total liabilities 3,715,095 3,686,106
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 134,708 136,208
Shareholders’ equity    
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 74,836,984 and 74,249,633 shares issued and outstanding, respectively 752 745
Additional paid-in capital 3,071,981 3,004,442
Accumulated dividends in excess of net income (843,947) (818,877)
Accumulated other comprehensive loss (625) (416)
Total shareholders’ equity of the Trust 2,388,158 2,345,891
Noncontrolling interests 113,405 121,439
Total shareholders’ equity 2,501,563 2,467,330
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 6,351,366 6,289,644
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