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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate held for investment, at cost:    
Land $ 16,787,731 $ 14,929,310
Buildings and improvements 39,674,812 34,657,094
Total real estate held for investment, at cost 56,462,543 49,586,404
Less accumulated depreciation and amortization (6,392,472) (6,072,118)
Real estate held for investment, net 50,070,071 43,514,286
Real estate and lease intangibles held for sale, net 78,254 31,466
Cash and cash equivalents 680,159 232,923
Accounts receivable, net 789,244 710,536
Lease intangible assets, net 7,037,328 5,017,907
Goodwill 4,991,342 3,731,478
Investment in unconsolidated entities 1,203,263 1,172,118
Other assets, net 3,478,588 3,368,643
Total assets 68,328,249 57,779,357
LIABILITIES AND EQUITY    
Distributions payable 225,757 195,222
Accounts payable and accrued expenses 802,652 738,526
Lease intangible liabilities, net 1,740,200 1,406,853
Other liabilities 900,106 811,650
Line of credit payable and commercial paper 1,022,516 764,390
Term loan, net 2,370,455 1,331,841
Mortgages payable, net 200,075 821,587
Notes payable, net 21,748,004 18,602,319
Total liabilities 29,009,765 24,672,388
Commitments and contingencies
6.000% Series A cumulative redeemable preferred stock and paid in capital, par value $0.01 per share, 69,900 shares authorized, 6,900 shares and no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively, liquidation preference $25 per share 167,394 0
Stockholders’ equity:    
Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 870,756 and 752,460 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 46,220,761 39,629,709
Distributions in excess of net income (7,299,514) (6,762,136)
Accumulated other comprehensive income 64,780 73,894
Total stockholders’ equity 38,986,027 32,941,467
Noncontrolling interests 165,063 165,502
Total equity 39,151,090 33,106,969
Total liabilities and equity $ 68,328,249 $ 57,779,357