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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate held for investment, at cost:    
Land $ 10,753,750 $ 6,318,926
Buildings and improvements 25,155,178 14,696,712
Total real estate held for investment, at cost 35,908,928 21,015,638
Less accumulated depreciation and amortization (3,949,798) (3,549,486)
Real estate held for investment, net 31,959,130 17,466,152
Real estate and lease intangibles held for sale, net 30,470 19,004
Cash and cash equivalents 258,579 824,476
Accounts receivable, net 426,768 285,701
Lease intangible assets, net 5,275,304 1,710,655
Goodwill 3,676,705 14,180
Investment in unconsolidated entities 140,967 0
Other assets, net 1,369,579 420,117
Total assets 43,137,502 20,740,285
LIABILITIES AND EQUITY    
Distributions payable 146,919 85,691
Accounts payable and accrued expenses 351,128 241,336
Lease intangible liabilities, net 1,308,221 321,198
Other liabilities 759,197 256,863
Line of credit payable and commercial paper 1,551,376 0
Term loans, net 249,557 249,358
Mortgages payable, net 1,141,995 300,360
Notes payable, net 12,499,709 8,267,749
Total liabilities 18,008,102 9,722,555
Commitments and contingencies
Stockholders’ equity:    
Common stock and paid in capital, par value $0.01 per share, 740,200,000 shares authorized, 591,261,991 and 361,303,445 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 29,578,212 14,700,050
Distributions in excess of net income (4,530,571) (3,659,933)
Accumulated other comprehensive income (loss) 4,933 (54,634)
Total stockholders’ equity 25,052,574 10,985,483
Noncontrolling interests 76,826 32,247
Total equity 25,129,400 11,017,730
Total liabilities and equity $ 43,137,502 $ 20,740,285