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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate:    
Buildings and improvements $ 16,448,690 $ 13,329,464
Development costs and construction in progress 739,318 643,217
Land and improvements 3,005,974 2,647,633
Accumulated depreciation and amortization (3,796,108) (3,591,951)
Net real estate 16,397,874 13,028,363
Loans receivable, net of reserves of $9,143 and $2,830 275,478 218,450
Investments in and advances to unconsolidated joint ventures 927,204 782,853
Accounts receivable, net of allowance of $2,751 and $2,282 59,658 55,820
Cash and cash equivalents 106,886 117,635
Restricted cash 52,409 51,388
Intangible assets, net 1,076,087 314,156
Assets held for sale, net 0 117,986
Right-of-use asset, net 440,558 240,155
Other assets, net 843,554 772,044
Total assets 20,179,708 15,698,850
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 25,000 720,000
Term loans 1,645,456 496,824
Senior unsecured notes 6,551,155 5,403,378
Mortgage debt 381,416 256,097
Intangible liabilities, net 227,370 127,380
Liabilities related to assets held for sale, net 0 729
Lease liability 313,469 206,743
Accounts payable, accrued liabilities, and other liabilities 709,219 657,196
Deferred revenue 907,852 905,633
Total liabilities 10,760,937 8,773,980
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 1,433 48,828
Common stock, $1.00 par value: 1,500,000,000 and 750,000,000 shares authorized; 700,316,807 and 547,156,311 shares issued and outstanding 700,317 547,156
Additional paid-in capital 12,859,567 10,405,780
Cumulative dividends in excess of earnings (4,844,683) (4,621,861)
Accumulated other comprehensive income (loss) 42,297 19,371
Total stockholders’ equity 8,757,498 6,350,446
Joint venture partners 324,681 310,998
Non-managing member unitholders 335,159 214,598
Total noncontrolling interests 659,840 525,596
Total equity 9,417,338 6,876,042
Total liabilities and equity $ 20,179,708 $ 15,698,850