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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Net real estate investments:    
Real estate assets, at cost $ 13,620,602 $ 13,454,391
Less: accumulated depreciation 2,894,010 2,691,386
Real estate assets, net 10,726,592 10,763,005
Investments in sales-type lease, net 16,056 8,705
Investments in real estate partnerships 387,413 370,605
Net real estate investments 11,130,061 11,142,315
Properties held for sale, net   18,878
Cash, cash equivalents, and restricted cash, including $4,822 and $6,383 of restricted cash at September 30, 2024 and December 31, 2023, respectively 114,831 91,354
Tenant and other receivables, net 240,114 206,162
Deferred leasing costs, less accumulated amortization of $128,881 and $124,107 at September 30, 2024 and December 31, 2023, respectively 78,206 73,398
Acquired lease intangible assets, less accumulated amortization of $384,600 and $364,413 at September 30, 2024 and December 31, 2023, respectively 242,529 283,375
Right of use assets, net 323,660 328,002
Other assets 297,178 283,429
Total assets 12,426,579 12,426,913
Liabilities:    
Notes payable, net 4,365,007 4,001,949
Unsecured credit facility 30,000 152,000
Accounts payable and other liabilities 389,055 358,612
Acquired lease intangible liabilities, less accumulated amortization of $214,684 and $211,067 at September 30, 2024 and December 31, 2023, respectively 372,627 398,302
Lease liabilities 245,107 246,063
Tenants' security, escrow deposits and prepaid rent 80,586 78,052
Total liabilities 5,482,382 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 September 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; 181,502,569 and 184,581,070 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1,815 1,846
Treasury stock at cost, 473,471 and 448,140 shares held at September 30, 2024 and December 31, 2023, respectively (27,638) (25,488)
Additional paid-in-capital 8,509,021 8,704,240
Accumulated other comprehensive loss (5,374) (1,308)
Distributions in excess of net income (1,935,358) (1,871,603)
Total shareholders' equity 6,767,466 7,032,687
Noncontrolling interests:    
Exchangeable operating partnership units, aggregate redemption value of $79,212 and $74,199 at September 30, 2024 and December 31, 2023, respectively 40,890 42,195
Limited partners' interests in consolidated partnerships 135,841 117,053
Total noncontrolling interests 176,731 159,248
Total equity 6,944,197 7,191,935
Total liabilities and equity 12,426,579 12,426,913
Partnership Interest [Member]    
Net real estate investments:    
Real estate assets, at cost 13,620,602 13,454,391
Less: accumulated depreciation 2,894,010 2,691,386
Real estate assets, net 10,726,592 10,763,005
Investments in sales-type lease, net 16,056 8,705
Investments in real estate partnerships 387,413 370,605
Net real estate investments 11,130,061 11,142,315
Properties held for sale, net 0 18,878
Cash, cash equivalents, and restricted cash, including $4,822 and $6,383 of restricted cash at September 30, 2024 and December 31, 2023, respectively 114,831 91,354
Tenant and other receivables, net 240,114 206,162
Deferred leasing costs, less accumulated amortization of $128,881 and $124,107 at September 30, 2024 and December 31, 2023, respectively 78,206 73,398
Acquired lease intangible assets, less accumulated amortization of $384,600 and $364,413 at September 30, 2024 and December 31, 2023, respectively 242,529 283,375
Right of use assets, net 323,660 328,002
Other assets 297,178 283,429
Total assets 12,426,579 12,426,913
Liabilities:    
Notes payable, net 4,365,007 4,001,949
Unsecured credit facility 30,000 152,000
Accounts payable and other liabilities 389,055 358,612
Acquired lease intangible liabilities, less accumulated amortization of $214,684 and $211,067 at September 30, 2024 and December 31, 2023, respectively 372,627 398,302
Lease liabilities 245,107 246,063
Tenants' security, escrow deposits and prepaid rent 80,586 78,052
Total liabilities 5,482,382 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 September 30, 2024 and December 31, 2023 with liquidation preference of $25 per unit 225,000 225,000
General partner's common units, 181,502,569 and 184,581,070 units issued and outstanding at September 30, 2024 and December 31, 2023, respectively 6,547,840 6,808,995
Limited partners' common units, 1,096,659 and 1,107,454 units issued and outstanding at September 30, 2024 and December 31, 2023 respectively 40,890 42,195
Accumulated other comprehensive loss (5,374) (1,308)
Total partners' capital 6,808,356 7,074,882
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships 135,841 117,053
Total capital 6,944,197 7,191,935
Total liabilities and equity $ 12,426,579 $ 12,426,913