XML 8 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Real estate, at cost $ 3,688,245 $ 3,691,066
Real estate - intangible assets 326,422 328,607
Land held for development 84,591 84,412
Investments in real estate under construction 372,342 361,924
Real estate, gross 4,471,600 4,466,009
Less: accumulated depreciation and amortization 857,750 800,470
Real estate, net 3,613,850 3,665,539
Assets held for sale 49,644 66,434
Right-of-use assets, net 21,937 23,986
Cash and cash equivalents 23,161 54,390
Restricted cash 124 116
Investments in non-consolidated entities 50,683 58,206
Deferred expenses, net 31,565 25,207
Investment in a sales-type lease, net (allowance for credit loss $62 in 2023 and $93 in 2022) 62,331 61,233
Rent receivable – current 4,970 3,030
Rent receivable – deferred 76,620 71,392
Other assets 27,564 24,314
Total assets 3,962,449 4,053,847
Liabilities:    
Mortgages and notes payable, net 66,353 72,103
Term loan payable, net 299,209 298,959
Senior notes payable, net 989,977 989,295
Trust preferred securities, net 127,744 127,694
Dividends payable 38,259 38,416
Liabilities held for sale 1,703 1,150
Operating lease liabilities 22,805 25,118
Accounts payable and other liabilities 64,399 74,261
Accrued interest payable 8,735 9,181
Deferred revenue - including below-market leases, net 10,350 11,452
Prepaid rent 14,192 15,215
Total liabilities 1,643,726 1,662,844
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 600,000,000 shares, 292,581,929 and 291,719,310 shares issued and outstanding in 2023 and 2022, respectively 29 29
Additional paid-in-capital 3,322,499 3,320,087
Accumulated distributions in excess of net income (1,151,924) (1,079,087)
Accumulated other comprehensive income 16,200 17,689
Total shareholders’ equity 2,280,820 2,352,734
Noncontrolling interests 37,903 38,269
Total equity 2,318,723 2,391,003
Total liabilities and equity $ 3,962,449 $ 4,053,847