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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Real estate, at cost $ 4,044,720 $ 3,774,239
Real estate - intangible assets 310,989 314,525
Land held for development 86,401 80,743
Investments in real estate under construction 84,443 319,355
Real estate, gross 4,526,553 4,488,862
Less: accumulated depreciation and amortization 983,410 904,709
Real estate, net 3,543,143 3,584,153
Assets held for sale 15,973 9,168
Right-of-use assets, net 17,251 19,342
Cash and cash equivalents 48,676 199,247
Restricted cash 226 216
Short-term investments 0 130,140
Investments in non-consolidated entities 47,120 48,495
Deferred expenses, net 37,040 35,008
Investment in a sales-type lease, net (allowance for credit loss $70 in 2024 and $61 in 2023) 64,657 63,464
Rent receivable – current 2,878 5,327
Rent receivable – deferred 84,855 80,421
Other assets 24,048 17,794
Total assets 3,885,867 4,192,775
Liabilities:    
Mortgages and notes payable, net 57,551 60,124
Term loan payable, net 297,289 296,764
Senior notes payable, net 1,088,334 1,286,145
Trust preferred securities, net 127,843 127,794
Dividends payable 39,706 39,610
Liabilities held for sale 24 417
Operating lease liabilities 17,935 20,233
Accounts payable and other liabilities 63,737 57,981
Accrued interest payable 10,785 11,379
Deferred revenue - including below-market leases, net 8,506 9,428
Prepaid rent 13,645 17,443
Total liabilities 1,725,355 1,927,318
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, 294,314,556 and 293,449,088 shares issued and outstanding in 2024 and 2023, respectively 29 29
Additional paid-in-capital 3,309,765 3,330,383
Accumulated distributions in excess of net income (1,275,833) (1,201,824)
Accumulated other comprehensive income 6,197 9,483
Total shareholders’ equity 2,134,174 2,232,087
Noncontrolling interests 26,338 33,370
Total equity 2,160,512 2,265,457
Total liabilities and equity $ 3,885,867 $ 4,192,775