CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Real estate, at cost:
Land	$ 2,386,674	$ 2,434,209
Buildings and improvements	10,716,133	10,439,113
Development costs and construction in progress	1,015,288	1,097,395
Leasehold improvements and equipment	111,528	120,915
Total	14,229,623	14,091,632
Less accumulated depreciation and amortization	(4,115,089)	(4,025,349)
Real estate, net	10,114,534	10,066,283
Right-of-use assets	677,556	678,804
Net investment in lease	165,812	0
Cash and cash equivalents	1,009,876	733,947
Restricted cash	142,219	215,672
Tenant and other receivables	89,322	58,853
Investments in partially owned entities	1,965,901	2,691,478
Receivable arising from the straight-lining of rents	724,807	707,020
Deferred leasing costs, net of accumulated amortization of $228,612 and $268,532	350,198	354,882
Identified intangible assets, net of accumulated amortization of $80,758 and $75,002	112,459	118,215
Other assets	394,414	373,454
Assets	15,747,098	15,998,608
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	4,921,263	5,676,014
Senior unsecured notes, net	746,896	1,195,914
Unsecured term loan, net	796,990	795,948
Unsecured revolving credit facilities	720,420	575,000
Lease liabilities	708,457	749,759
Accounts payable and accrued expenses	382,267	374,013
Deferred compensation plan	111,574	114,580
Other liabilities	341,634	345,511
Total liabilities	8,729,501	9,826,739
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	781,271	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 192,054,832 and 190,846,580 shares	7,682	7,634
Additional capital	8,172,106	8,052,793
Earnings less than distributions	(3,300,001)	(4,142,249)
Accumulated other comprehensive income	3,973	57,700
Total shareholders' / partners' equity	6,066,124	5,158,242
Noncontrolling interests in consolidated subsidiaries	170,202	178,969
Total equity	6,236,326	5,337,211
Total liabilities, redeemable noncontrolling interests / partnership units and equity	15,747,098	15,998,608
Partnership Interest
Redeemable noncontrolling interests:
Class A units - 16,694,264 and 16,850,803 units outstanding	676,619	708,408
Series D cumulative redeemable preferred units - 141,400 units outstanding	3,535	3,535
Total redeemable noncontrolling interests	680,154	711,943
Redeemable Noncontrolling Interest in a Consolidated Subsidiary
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	$ 101,117	$ 122,715