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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate:    
Buildings and improvements $ 12,025,271 $ 11,048,433
Development costs and construction in progress 877,423 613,182
Land 2,603,964 1,867,278
Accumulated depreciation and amortization (2,839,229) (2,409,135)
Net real estate 12,667,429 11,119,758
Net investment in direct financing leases 44,706 44,706
Loans receivable, net of reserves of $1,813 and $10,280 415,811 195,375
Investments in and advances to unconsolidated joint ventures 403,634 402,871
Accounts receivable, net of allowance of $1,870 and $3,994 48,691 42,269
Cash and cash equivalents 158,287 44,226
Restricted cash 53,454 67,206
Intangible assets, net 519,760 519,917
Assets held for sale and discontinued operations, net 37,190 2,626,306
Right-of-use asset, net 233,942 192,349
Other assets, net 674,615 665,106
Total assets 15,257,519 15,920,089
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 1,165,975 129,590
Term loan 0 249,182
Senior unsecured notes 4,651,933 5,697,586
Mortgage debt 352,081 221,621
Intangible liabilities, net 177,232 144,199
Liabilities related to assets held for sale and discontinued operations, net 15,056 415,737
Lease liability 204,547 179,895
Accounts payable, accrued liabilities, and other liabilities 755,384 760,617
Deferred revenue 789,207 774,316
Total liabilities 8,111,415 8,572,743
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests 87,344 57,396
Common stock, $1.00 par value: 750,000,000 shares authorized; 539,096,879 and 538,405,393 shares issued and outstanding 539,097 538,405
Additional paid-in capital 10,100,294 10,175,235
Cumulative dividends in excess of earnings (4,120,774) (3,976,232)
Accumulated other comprehensive income (loss) (3,147) (3,685)
Total stockholders’ equity 6,515,470 6,733,723
Joint venture partners 342,234 357,069
Non-managing member unitholders 201,056 199,158
Total noncontrolling interests 543,290 556,227
Total equity 7,058,760 7,289,950
Total liabilities and equity $ 15,257,519 $ 15,920,089