XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Land $ 5,580,878 $ 5,814,790
Depreciable property 22,251,673 22,370,811
Projects under development 89,347 24,307
Land held for development 60,165 62,998
Investment in real estate 27,982,063 28,272,906
Accumulated depreciation (8,813,578) (8,354,282)
Investment in real estate, net 19,168,485 19,918,624
Investments in unconsolidated entities 256,311 127,448
Cash and cash equivalents 44,788 123,832
Restricted deposits 76,679 236,404
Right-of-use assets 465,814 474,713
Other assets 253,328 288,220
Total assets 20,265,405 21,169,241
Liabilities:    
Mortgage notes payable, net 1,967,827 2,191,201
Notes, net 5,340,807 5,835,222
Line of credit and commercial paper 189,557 315,030
Accounts payable and accrued expenses 175,843 107,013
Accrued interest payable 49,652 69,510
Lease liabilities 309,548 312,335
Other liabilities 287,955 353,102
Security deposits 69,247 66,141
Distributions payable 242,695 233,502
Total liabilities 8,633,131 9,483,056
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership 370,537 498,977
Shareholders' equity:    
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of September 30, 2022 and December 31, 2021 37,280 37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 376,169,253 shares issued and outstanding as of September 30, 2022 and 375,527,195 shares issued and outstanding as of December 31, 2021 3,762 3,755
Paid in capital 9,267,450 9,121,122
Retained earnings 1,737,107 1,827,063
Accumulated other comprehensive income (loss) (872) (34,272)
Total shareholders’ equity 11,044,727 10,954,948
Noncontrolling Interests:    
Operating Partnership 218,577 214,094
Partially Owned Properties (1,567) 18,166
Total Noncontrolling Interests 217,010 232,260
Total equity 11,261,737 11,187,208
Total liabilities and equity $ 20,265,405 $ 21,169,241