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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Land $ 3,978,775 $ 2,781,888
Building and improvements 14,067,824 9,281,267
Real estate 18,046,599 12,063,155
Less: accumulated depreciation and amortization [1] (3,010,699) (2,717,114)
Total real estate, net 15,035,900 9,346,041
Investments in and advances to real estate joint ventures 1,000,000 590,700
Cash and cash equivalents 334,663 293,188
Marketable securities 1,211,739 706,954
Accounts and notes receivable, net 254,677 219,248
Deferred charges and prepaid expenses 144,461 135,967
Operating lease right-of-use assets, net 147,458 102,369
Other assets 195,715 97,225
Total assets [2] 18,459,199 11,614,498
Liabilities:    
Notes payable, net 7,027,050 5,044,208
Mortgages payable, net 448,652 311,272
Accounts payable and accrued expenses 220,308 146,457
Dividends payable 5,366 5,366
Operating lease liabilities 123,779 [3] 96,619
Other liabilities 510,382 324,538
Total liabilities [4] 8,335,537 5,928,460
Redeemable noncontrolling interests 13,480 15,784
Commitments and contingencies (Footnote 21)
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 19,580 shares; Aggregate liquidation preference $489,500 20 20
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 616,658,593, and 432,518,743 shares, respectively 6,167 4,325
Paid-in capital 9,591,871 5,766,511
Retained earnings 299,115  
Cumulative distributions in excess of net income   (162,812)
Accumulated other comprehensive income 2,216 0
Total stockholders' equity 9,899,389 5,608,044
Noncontrolling interests 210,793 62,210
Total equity 10,110,182 5,670,254
Total liabilities and equity 18,459,199 11,614,498
Real Estate Under Development [Member]    
Assets:    
Real estate under development 5,672 5,672
Investments in and Advances to Real Estate Joint Ventures [Member]    
Assets:    
Investments in and advances to real estate joint ventures 1,006,899 590,694
Other Real Estate Investments [Member]    
Assets:    
Other investments $ 122,015 $ 117,140
[1] At December 31, 2021 and 2020, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $569,648 and $499,022, respectively.
[2] Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements.
[3] Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company’s Consolidated Balance Sheets.
[4] Includes non-recourse liabilities of consolidated VIEs at December 31, 2021 and December 31, 2020 of $153,924 and $62,076, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements.