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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate:    
Buildings and improvements $ 16,059,802 $ 13,329,464
Development costs and construction in progress 830,310 643,217
Land and improvements 2,927,675 2,647,633
Accumulated depreciation and amortization (3,925,375) (3,591,951)
Net real estate 15,892,412 13,028,363
Loans receivable, net of reserves of $9,983 and $2,830 677,590 218,450
Investments in and advances to unconsolidated joint ventures 931,844 782,853
Accounts receivable, net of allowance of $2,405 and $2,282 64,979 55,820
Cash and cash equivalents 180,430 117,635
Restricted cash 61,615 51,388
Intangible assets, net 898,379 314,156
Assets held for sale, net 0 117,986
Right-of-use asset, net 427,711 240,155
Other assets, net 834,806 772,044
Total assets 19,969,766 15,698,850
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 0 720,000
Term loans 1,645,748 496,824
Senior unsecured notes 6,557,170 5,403,378
Mortgage debt 380,459 256,097
Intangible liabilities, net 202,857 127,380
Liabilities related to assets held for sale, net 0 729
Lease liability 308,277 206,743
Accounts payable, accrued liabilities, and other liabilities 749,881 657,196
Deferred revenue 903,371 905,633
Total liabilities 10,747,763 8,773,980
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 1,318 48,828
Common stock, $1.00 par value: 1,500,000,000 and 750,000,000 shares authorized; 699,405,171 and 547,156,311 shares issued and outstanding 699,405 547,156
Additional paid-in capital 12,844,634 10,405,780
Cumulative dividends in excess of earnings (4,968,819) (4,621,861)
Accumulated other comprehensive income (loss) (12,381) 19,371
Total stockholders’ equity 8,562,839 6,350,446
Joint venture partners 321,949 310,998
Non-managing member unitholders 335,897 214,598
Total noncontrolling interests 657,846 525,596
Total equity 9,220,685 6,876,042
Total liabilities and equity $ 19,969,766 $ 15,698,850