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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Net real estate investments:    
Real estate assets, at cost $ 13,532,046 $ 13,454,391
Less: accumulated depreciation 2,822,272 2,691,386
Real estate assets, net 10,709,774 10,763,005
Investments in sales-type lease, net 15,826 8,705
Investments in real estate partnerships 378,091 370,605
Net real estate investments 11,103,691 11,142,315
Properties held for sale, net   18,878
Cash, cash equivalents, and restricted cash, including $6,109 and $6,383 of restricted cash at June 30, 2024 and December 31, 2023, respectively 79,923 91,354
Tenant and other receivables, net 236,999 206,162
Deferred leasing costs, less accumulated amortization of $126,867 and $124,107 at June 30, 2024 and December 31, 2023, respectively 77,836 73,398
Acquired lease intangible assets, less accumulated amortization of $374,411 and $364,413 at June 30, 2024 and December 31, 2023, respectively 256,639 283,375
Right of use assets, net 323,015 328,002
Other assets 306,077 283,429
Total assets 12,384,180 12,426,913
Liabilities:    
Notes payable, net 4,055,390 4,001,949
Unsecured credit facility 310,000 152,000
Accounts payable and other liabilities 357,232 358,612
Acquired lease intangible liabilities, less accumulated amortization of $208,900 and $211,067 at June 30, 2024 and December 31, 2023, respectively 380,505 398,302
Lease liabilities 243,318 246,063
Tenants' security, escrow deposits and prepaid rent 74,565 78,052
Total liabilities 5,421,010 5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:    
Preferred stock $0.01 par value per share, 30,000,000 shares authorized; 9,000,000 shares issued and outstanding, in the aggregate, in Series A and Series B at June 30, 2024 and December 31, 2023 with liquidation preference of $25 per share 225,000 225,000
Common stock $0.01 par value per share, 220,000,000 shares authorized; 181,493,494 and 184,581,070 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1,815 1,846
Treasury stock at cost, 468,068 and 448,140 shares held at June 30, 2024 and December 31, 2023, respectively (27,234) (25,488)
Additional paid-in-capital 8,502,753 8,704,240
Accumulated other comprehensive income (loss) 5,135 (1,308)
Distributions in excess of net income (1,911,741) (1,871,603)
Total shareholders' equity 6,795,728 7,032,687
Noncontrolling interests:    
Exchangeable operating partnership units, aggregate redemption value of $68,390 and $74,199 at June 30, 2024 and December 31, 2023, respectively 40,738 42,195
Limited partners' interests in consolidated partnerships 126,704 117,053
Total noncontrolling interests 167,442 159,248
Total equity 6,963,170 7,191,935
Total liabilities and equity 12,384,180 12,426,913
Partnership Interest [Member]    
Net real estate investments:    
Real estate assets, at cost 13,532,046 13,454,391
Less: accumulated depreciation 2,822,272 2,691,386
Real estate assets, net 10,709,774 10,763,005
Investments in sales-type lease, net 15,826 8,705
Investments in real estate partnerships 378,091 370,605
Net real estate investments 11,103,691 11,142,315
Properties held for sale, net 0 18,878
Cash, cash equivalents, and restricted cash, including $6,109 and $6,383 of restricted cash at June 30, 2024 and December 31, 2023, respectively 79,923 91,354
Tenant and other receivables, net 236,999 206,162
Deferred leasing costs, less accumulated amortization of $126,867 and $124,107 at June 30, 2024 and December 31, 2023, respectively 77,836 73,398
Acquired lease intangible assets, less accumulated amortization of $374,411 and $364,413 at June 30, 2024 and December 31, 2023, respectively 256,639 283,375
Right of use assets, net 323,015 328,002
Other assets 306,077 283,429
Total assets 12,384,180 12,426,913
Liabilities:    
Notes payable, net 4,055,390 4,001,949
Unsecured credit facility 310,000 152,000
Accounts payable and other liabilities 357,232 358,612
Acquired lease intangible liabilities, less accumulated amortization of $208,900 and $211,067 at June 30, 2024 and December 31, 2023, respectively 380,505 398,302
Lease liabilities 243,318 246,063
Tenants' security, escrow deposits and prepaid rent 74,565 78,052
Total liabilities 5,421,010 5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:    
Preferred units $0.01 par value per unit, 30,000,000 units authorized; 9,000,000 units issued and outstanding, in the aggregate, in Series A and Series B at June 30, 2024 and December 31, 2023 with liquidation preference of $25 per unit 225,000 225,000
General partner's common units, 181,493,494 and 184,581,070 units issued and outstanding at June 30, 2024 and December 31, 2023, respectively 6,565,593 6,808,995
Limited partners' common units, 1,099,516 and 1,107,454 units issued and outstanding at June 30, 2024 and December 31, 2023 respectively 40,738 42,195
Accumulated other comprehensive income (loss) 5,135 (1,308)
Total partners' capital 6,836,466 7,074,882
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships 126,704 117,053
Total capital 6,963,170 7,191,935
Total liabilities and equity $ 12,384,180 $ 12,426,913