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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Real estate held for investment, at cost:    
Land $ 16,760,251 $ 14,929,310
Buildings and improvements 39,895,617 34,657,094
Total real estate held for investment, at cost 56,655,868 49,586,404
Less accumulated depreciation and amortization (6,693,997) (6,072,118)
Real estate held for investment, net 49,961,871 43,514,286
Real estate and lease intangibles held for sale, net 190,570 31,466
Cash and cash equivalents 442,820 232,923
Accounts receivable, net 788,639 710,536
Lease intangible assets, net 6,730,472 5,017,907
Goodwill 4,931,159 3,731,478
Investment in unconsolidated entities 1,219,759 1,172,118
Other assets, net 3,795,641 3,368,643
Total assets 68,060,931 57,779,357
LIABILITIES AND EQUITY    
Distributions payable 231,160 195,222
Accounts payable and accrued expenses 884,087 738,526
Lease intangible liabilities, net 1,704,747 1,406,853
Other liabilities 866,992 811,650
Line of credit payable and commercial paper 1,148,787 764,390
Term loans, net 2,370,057 1,331,841
Mortgages payable, net 199,031 821,587
Notes payable, net 21,741,606 18,602,319
Total liabilities 29,146,467 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 June 30, 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, 870,848 and 752,460 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 46,230,789 39,629,709
Distributions in excess of net income (7,724,318) (6,762,136)
Accumulated other comprehensive income 75,322 73,894
Total stockholders’ equity 38,581,793 32,941,467
Noncontrolling interests 165,277 165,502
Total equity 38,747,070 33,106,969
Total liabilities and equity $ 68,060,931 $ 57,779,357
Redeemable preferred stock dividend rate (percent) 6.00% 6.00%