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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate, at cost:    
Land $ 2,434,209 $ 2,436,221
Buildings and improvements 10,306,041 9,952,954
Development costs and construction in progress 1,153,831 1,281,076
Leasehold improvements and equipment 137,086 130,953
Total 14,031,167 13,801,204
Less accumulated depreciation and amortization (3,969,369) (3,752,827)
Real estate, net 10,061,798 10,048,377
Right-of-use assets 677,135 680,044
Cash and cash equivalents 783,596 997,002
Restricted cash 245,479 264,582
Tenant and other receivables 72,061 69,543
Investments in partially owned entities 2,682,672 2,610,558
Receivable arising from the straight-lining of rents 698,912 701,666
Deferred leasing costs, net of accumulated amortization of $266,009 and $249,347 352,765 355,010
Identified intangible assets, net of accumulated amortization of $76,223 and $98,589 120,252 127,082
Other assets 388,431 333,801
Assets 16,083,101 16,187,665
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,675,054 5,688,020
Senior unsecured notes, net 1,195,403 1,193,873
Unsecured term loan, net 795,601 794,559
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 746,060 732,859
Accounts payable and accrued expenses 362,395 411,044
Deferred revenue 29,236 32,199
Deferred compensation plan 113,352 105,245
Other liabilities 323,541 311,132
Total liabilities 9,815,642 9,843,931
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 808,189 638,448
Shareholders' equity:    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,504 and 48,792,902 shares 1,182,449 1,182,459
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 190,649,061 and 190,390,703 shares 7,605 7,594
Additional capital 8,090,723 8,263,291
Earnings less than distributions (4,002,345) (4,009,395)
Accumulated other comprehensive (loss) income (478) 65,115
Total shareholders' / partners' equity 5,277,954 5,509,064
Noncontrolling interests in consolidated subsidiaries 181,316 196,222
Total equity 5,459,270 5,705,286
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,083,101 16,187,665
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 17,015,350 and 17,000,030 units outstanding 670,405 480,251
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 673,940 483,786
Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 134,249 $ 154,662