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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate held for investment, at cost:    
Land $ 12,948,835 $ 10,753,750
Buildings and improvements 29,707,751 25,155,178
Total real estate held for investment, at cost 42,656,586 35,908,928
Less accumulated depreciation and amortization (4,904,165) (3,949,798)
Real estate held for investment, net 37,752,421 31,959,130
Real estate and lease intangibles held for sale, net 29,535 30,470
Cash and cash equivalents 171,102 258,579
Accounts receivable, net 567,963 426,768
Lease intangible assets, net 5,168,366 5,275,304
Goodwill 3,731,478 3,676,705
Investment in unconsolidated entities 0 140,967
Other assets, net 2,252,227 1,369,579
Total assets 49,673,092 43,137,502
LIABILITIES AND EQUITY    
Distributions payable 165,710 146,919
Accounts payable and accrued expenses 399,137 351,128
Lease intangible liabilities, net 1,379,436 1,308,221
Other liabilities 774,787 759,197
Line of credit payable and commercial paper 2,729,040 1,551,376
Term loan, net 249,755 249,557
Mortgages payable, net 853,925 1,141,995
Notes payable, net 14,278,013 12,499,709
Total liabilities 20,829,803 18,008,102
Commitments and contingencies
Stockholders’ equity:    
Common stock and paid in capital, par value $0.01 per share, 1,300,000,000 and 740,200,000 shares authorized, 660,300,195 and 591,261,991 shares issued and outstanding as of December 31, 2022, and 2021, respectively 34,159,509 29,578,212
Distributions in excess of net income (5,493,193) (4,530,571)
Accumulated other comprehensive income 46,833 4,933
Total stockholders’ equity 28,713,149 25,052,574
Noncontrolling interests 130,140 76,826
Total equity 28,843,289 25,129,400
Total liabilities and equity $ 49,673,092 $ 43,137,502