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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Real estate, at cost $ 3,629,494 $ 3,583,978
Real estate - intangible assets 339,216 341,403
Land held for development 104,347 104,160
Investments in real estate under construction 231,258 161,165
Real estate, gross 4,304,315 4,190,706
Less: accumulated depreciation and amortization 683,013 655,740
Real estate, net 3,621,302 3,534,966
Assets held for sale 106,653 82,586
Right-of-use assets, net 26,985 27,966
Cash and cash equivalents 49,063 190,926
Restricted cash 105 101
Investments in non-consolidated entities 73,575 74,559
Deferred expenses, net 21,839 18,861
Rent receivable – current 3,993 3,526
Rent receivable – deferred 66,807 63,283
Other assets 17,224 8,784
Total assets 3,987,546 4,005,558
Liabilities:    
Mortgages and notes payable, net 80,385 83,092
Term loan payable, net 298,572 298,446
Senior notes payable, net 988,272 987,931
Trust preferred securities, net 127,620 127,595
Dividends payable 36,784 37,425
Liabilities held for sale 3,879 3,468
Operating lease liabilities 28,036 29,094
Accounts payable and other liabilities 65,534 77,607
Accrued interest payable 10,249 8,481
Deferred revenue - including below-market leases, net 13,982 14,474
Prepaid rent 13,751 14,717
Total liabilities 1,667,064 1,682,330
Commitments and contingencies
Equity:    
Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding 94,016 94,016
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 287,871,649 and 283,752,726 shares issued and outstanding in 2022 and 2021, respectively 29 28
Additional paid-in-capital 3,261,770 3,252,506
Accumulated distributions in excess of net income (1,074,998) (1,049,434)
Accumulated other comprehensive income (loss) 6,008 (6,258)
Total shareholders’ equity 2,286,825 2,290,858
Noncontrolling interests 33,657 32,370
Total equity 2,320,482 2,323,228
Total liabilities and equity $ 3,987,546 $ 4,005,558