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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate held for investment, at cost:    
Land $ 17,140,719 $ 14,929,310
Buildings and improvements 40,608,341 34,657,094
Total real estate held for investment, at cost 57,749,060 49,586,404
Less accumulated depreciation and amortization (7,066,449) (6,072,118)
Real estate held for investment, net 50,682,611 43,514,286
Real estate and lease intangibles held for sale, net 60,467 31,466
Cash and cash equivalents 396,956 232,923
Accounts receivable, net 835,328 710,536
Lease intangible assets, net 6,600,058 5,017,907
Goodwill 4,932,199 3,731,478
Investment in unconsolidated entities 1,224,974 1,172,118
Other assets, net 3,736,173 3,368,643
Total assets 68,468,766 57,779,357
LIABILITIES AND EQUITY    
Distributions payable 233,139 195,222
Accounts payable and accrued expenses 880,122 738,526
Lease intangible liabilities, net 1,676,549 1,406,853
Other liabilities 863,683 811,650
Line of credit payable and commercial paper 427,546 764,390
Term loans, net 2,428,279 1,331,841
Mortgages payable, net 197,522 821,587
Notes payable, net 23,092,216 18,602,319
Total liabilities 29,799,056 24,672,388
Commitments and contingencies
Stockholders’ equity:    
Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 875,197 and 752,460 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 46,505,688 39,629,709
Distributions in excess of net income (8,151,359) (6,762,136)
Accumulated other comprehensive income 103,463 73,894
Total stockholders’ equity 38,457,792 32,941,467
Noncontrolling interests 211,918 165,502
Total equity 38,669,710 33,106,969
Total liabilities and equity $ 68,468,766 $ 57,779,357