CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real estate:
Buildings and improvements	$ 16,176,176	$ 16,115,283
Development costs and construction in progress	962,714	880,393
Land and improvements	2,941,082	2,918,758
Accumulated depreciation and amortization	(4,240,220)	(4,083,030)
Net real estate	15,839,752	15,831,404
Loans receivable, net of reserves of $7,554 and $10,499	698,525	717,190
Investments in and advances to unconsolidated joint ventures	951,978	936,814
Accounts receivable, net of allowance of $2,040 and $2,243	68,908	76,810
Cash and cash equivalents	70,625	119,818
Restricted cash	67,981	64,487
Intangible assets, net	747,789	817,254
Assets held for sale, net	7,840	7,840
Right-of-use asset, net	422,017	424,173
Other assets, net	940,314	942,465
Total assets	19,815,729	19,938,255
LIABILITIES AND EQUITY
Bank line of credit and commercial paper	164,000	150,000
Term loans	1,646,335	1,646,043
Senior unsecured notes	6,714,279	6,563,256
Mortgage debt	352,051	356,750
Intangible liabilities, net	179,002	191,884
Lease liability	306,577	307,220
Accounts payable, accrued liabilities, and other liabilities	670,221	725,342
Deferred revenue	939,855	940,136
Total liabilities	10,972,320	10,880,631
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests	14,417	2,610
Common stock, $1.00 par value: 1,500,000,000 shares authorized; 698,611,840 and 699,485,139 shares issued and outstanding	698,612	699,485
Additional paid-in capital	12,827,628	12,847,252
Cumulative dividends in excess of earnings	(5,345,120)	(5,174,279)
Accumulated other comprehensive income (loss)	6,927	28,818
Total stockholders’ equity	8,188,047	8,401,276
Joint venture partners	299,923	315,821
Non-managing member unitholders	341,022	337,917
Total noncontrolling interests	640,945	653,738
Total equity	8,828,992	9,055,014
Total liabilities and equity	$ 19,815,729	$ 19,938,255