CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real estate, at cost:
Land	$ 2,434,209	$ 2,434,209
Buildings and improvements	10,719,995	10,439,113
Development costs and construction in progress	879,601	1,097,395
Leasehold improvements and equipment	111,983	120,915
Total	14,145,788	14,091,632
Less accumulated depreciation and amortization	(4,105,413)	(4,025,349)
Real estate, net	10,040,375	10,066,283
Right-of-use assets	677,312	678,804
Cash and cash equivalents	568,861	733,947
Restricted cash	238,027	215,672
Tenant and other receivables	70,920	58,853
Investments in partially owned entities	2,421,283	2,691,478
Receivable arising from the straight-lining of rents	711,334	707,020
Deferred leasing costs, net of accumulated amortization of $271,919 and $268,532	385,658	354,882
Identified intangible assets, net of accumulated amortization of $76,937 and $75,002	116,280	118,215
Other assets	369,182	373,454
Assets	15,599,232	15,998,608
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	5,674,519	5,676,014
Senior unsecured notes, net	746,282	1,195,914
Unsecured term loan, net	796,295	795,948
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	734,123	749,759
Accounts payable and accrued expenses	387,898	374,013
Deferred compensation plan	111,144	114,580
Other liabilities	345,778	345,511
Total liabilities	9,371,039	9,826,739
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	738,224	834,658
Shareholders' equity:
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,789,180 shares	1,182,364	1,182,364
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,949,153 and 190,846,580 shares	7,678	7,634
Additional capital	8,152,507	8,052,793
Earnings less than distributions	(4,055,415)	(4,142,249)
Accumulated other comprehensive income	26,984	57,700
Total shareholders' / partners' equity	5,314,118	5,158,242
Noncontrolling interests in consolidated subsidiaries	175,851	178,969
Total equity	5,489,969	5,337,211
Total liabilities, redeemable noncontrolling interests / partnership units and equity	$ 15,599,232	$ 15,998,608
Preferred shares of beneficial interest: issued shares (in shares)	48,789,180	48,789,180
Preferred shares of beneficial interest: outstanding shares (in shares)	48,789,180	48,789,180
Partnership Interest
Redeemable noncontrolling interests:
Class A units - 16,745,224 and 16,850,803 units outstanding	$ 619,406	$ 708,408
Series D cumulative redeemable preferred units - 141,400 units outstanding	3,535	3,535
Total redeemable noncontrolling interests	622,941	711,943
Redeemable noncontrolling interest in a consolidated subsidiary
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	$ 115,283	$ 122,715