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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate:    
Buildings and improvements $ 12,590,403 $ 12,025,271
Development costs and construction in progress 675,713 877,423
Land 2,705,260 2,603,964
Accumulated depreciation and amortization (3,097,748) (2,839,229)
Net real estate 12,873,628 12,667,429
Net investment in direct financing leases 0 44,706
Loans receivable, net of reserves of $2,015 and $1,813 413,962 415,811
Investments in and advances to unconsolidated joint ventures 402,154 403,634
Accounts receivable, net of allowance of $2,122 and $1,870 47,340 48,691
Cash and cash equivalents 73,013 158,287
Restricted cash 54,815 53,454
Intangible assets, net 470,865 519,760
Assets held for sale and discontinued operations, net 66,647 37,190
Right-of-use asset, net 233,391 233,942
Other assets, net 682,388 674,615
Total assets 15,318,203 15,257,519
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 1,448,569 1,165,975
Senior unsecured notes 4,655,852 4,651,933
Mortgage debt 349,329 352,081
Intangible liabilities, net 169,622 177,232
Liabilities related to assets held for sale and discontinued operations, net 15,869 15,056
Lease liability 201,124 204,547
Accounts payable, accrued liabilities, and other liabilities 706,819 755,384
Deferred revenue 814,754 789,207
Total liabilities 8,361,938 8,111,415
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 115,877 87,344
Common stock, $1.00 par value: 750,000,000 shares authorized; 539,580,161 and 539,096,879 shares issued and outstanding 539,580 539,097
Additional paid-in capital 10,073,712 10,100,294
Cumulative dividends in excess of earnings (4,306,762) (4,120,774)
Accumulated other comprehensive income (loss) (1,318) (3,147)
Total stockholders’ equity 6,305,212 6,515,470
Joint venture partners 334,120 342,234
Non-managing member unitholders 201,056 201,056
Total noncontrolling interests 535,176 543,290
Total equity 6,840,388 7,058,760
Total liabilities and equity $ 15,318,203 $ 15,257,519