XML 79 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Land $ 2,788,155 $ 2,822,691
Building and improvements 8,920,951 8,813,115
Real estate 11,709,106 11,635,806
Less: accumulated depreciation and amortization [1] (2,500,053) (2,385,287)
Total real estate, net 9,209,053 9,250,519
Real estate under development [2]   220,170
Investments in and advances to real estate joint ventures 578,100 570,900
Cash and cash equivalents 123,947 143,581
Accounts and notes receivable, net 218,689 184,528
Deferred charges and prepaid expenses 150,330 156,155
Operating lease right-of-use assets, net 99,125 0
Other assets 204,035 259,888
Total assets [3] 10,997,867 10,999,100
Liabilities:    
Notes payable, net 4,831,759 4,381,456
Mortgages and construction loan payable, net 484,008 492,416
Accounts payable and accrued expenses 170,082 174,903
Dividends payable 126,274 130,262
Operating lease liabilities 92,711 0
Other liabilities 346,183 385,328
Total liabilities [4] 6,051,017 5,564,365
Redeemable noncontrolling interests 17,943 23,682
Commitments and contingencies (Footnote 19)
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 7,054,000 shares; undesignated 6,019,240, and 5,996,240 shares, respectively; Issued and outstanding (in series) 19,580, and 42,580 shares, respectively. Aggregate liquidation preference $489,500, and $1,064,500, respectively 20 43
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 431,814,951, and 421,388,879 shares, respectively 4,318 4,214
Paid-in capital 5,765,233 6,117,254
Cumulative distributions in excess of net income (904,679) (787,707)
Total stockholders' equity 4,864,892 5,333,804
Noncontrolling interests 64,015 77,249
Total equity 4,928,907 5,411,053
Total liabilities and equity 10,997,867 10,999,100
Real Estate Under Development [Member]    
Assets:    
Real estate under development 220,170 241,384
Investments in and Advances to Real Estate Joint Ventures [Member]    
Assets:    
Investments in and advances to real estate joint ventures 578,118 570,922
Other Real Estate Investments [Member]    
Assets:    
Other real estate investments $ 194,400 $ 192,123
[1] At December 31, 2018 and 2017, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $466,576 and $459,211, respectively.
[2] Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $21.3 million and $24.9 million, as of December 31, 2019 and 2018, respectively.
[3] Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2019 and December 31, 2018 of $245,489 and $239,012, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.
[4] Includes non-recourse liabilities of consolidated VIEs at December 31, 2019 and December 31, 2018 of $153,436 and $143,186, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.