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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Net real estate investments:    
Real estate assets, at cost $ 13,910,190 $ 13,698,419
Less: accumulated depreciation 3,037,614 2,960,399
Real estate assets, net 10,872,576 10,738,020
Investments in sales-type leases, net 16,520 16,291
Investments in real estate partnerships 389,175 399,044
Net real estate investments 11,278,271 11,153,355
Assets associated with real estate assets held for sale 16,220  
Cash, cash equivalents, and restricted cash, including $3,444 and $5,601 of restricted cash at March 31, 2025 and December 31, 2024, respectively 78,537 61,884
Tenant and other receivables, net 250,210 255,495
Deferred leasing costs, less accumulated amortization of $133,046 and $131,080 at March 31, 2025 and December 31, 2024, respectively 85,272 79,911
Acquired lease intangible assets, less accumulated amortization of $402,274 and $395,209 at March 31, 2025 and December 31, 2024, respectively 231,526 229,983
Right of use assets, net 320,317 322,287
Other assets 299,717 289,046
Total assets 12,560,070 12,391,961
Liabilities:    
Notes payable, net 4,376,240 4,343,700
Unsecured credit facility 265,000 65,000
Accounts payable and other liabilities 340,997 392,302
Acquired lease intangible liabilities, less accumulated amortization of $227,051 and $222,052 at March 31, 2025 and December 31, 2024, respectively 374,606 364,608
Lease liabilities 243,923 244,861
Tenants' security, escrow deposits and prepaid rent 82,864 81,183
Total liabilities 5,683,630 5,491,654
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 March 31, 2025 and December 31, 2024 225,000 225,000
Common stock $0.01 par value per share, 220,000,000 shares authorized; 181,525,936 and 181,361,454 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,815 1,814
Treasury stock at cost, 476,037 and 479,251 shares held at March 31, 2025 and December 31, 2024, respectively (29,133) (28,045)
Additional paid-in-capital 8,505,489 8,503,227
Accumulated other comprehensive (loss) income (1,715) 2,226
Distributions in excess of net income (2,001,878) (1,980,076)
Total shareholders' equity 6,699,578 6,724,146
Noncontrolling interests:    
Exchangeable operating partnership units, aggregate redemption value of $80,890 and $81,076 at March 31, 2025 and December 31, 2024, respectively 40,584 40,744
Limited partners' interests in consolidated partnerships 136,278 135,417
Total noncontrolling interests 176,862 176,161
Total equity 6,876,440 6,900,307
Total liabilities and equity 12,560,070 12,391,961
Partnership Interest [Member]    
Net real estate investments:    
Real estate assets, at cost 13,910,190 13,698,419
Less: accumulated depreciation 3,037,614 2,960,399
Real estate assets, net 10,872,576 10,738,020
Investments in sales-type leases, net 16,520 16,291
Investments in real estate partnerships 389,175 399,044
Net real estate investments 11,278,271 11,153,355
Assets associated with real estate assets held for sale 16,220 0
Cash, cash equivalents, and restricted cash, including $3,444 and $5,601 of restricted cash at March 31, 2025 and December 31, 2024, respectively 78,537 61,884
Tenant and other receivables, net 250,210 255,495
Deferred leasing costs, less accumulated amortization of $133,046 and $131,080 at March 31, 2025 and December 31, 2024, respectively 85,272 79,911
Acquired lease intangible assets, less accumulated amortization of $402,274 and $395,209 at March 31, 2025 and December 31, 2024, respectively 231,526 229,983
Right of use assets, net 320,317 322,287
Other assets 299,717 289,046
Total assets 12,560,070 12,391,961
Liabilities:    
Notes payable, net 4,376,240 4,343,700
Unsecured credit facility 265,000 65,000
Accounts payable and other liabilities 340,997 392,302
Acquired lease intangible liabilities, less accumulated amortization of $227,051 and $222,052 at March 31, 2025 and December 31, 2024, respectively 374,606 364,608
Lease liabilities 243,923 244,861
Tenants' security, escrow deposits and prepaid rent 82,864 81,183
Total liabilities 5,683,630 5,491,654
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 March 31, 2025 and December 31, 2024 225,000 225,000
General partner's common units, 181,525,936 and 181,361,454 units issued and outstanding at March 31, 2024 and December 31, 2024, respectively 6,476,293 6,496,920
Limited partners' common units, 1,096,659 and 1,096,659 units issued and outstanding at March 31, 2024 and December 31, 2024 respectively 40,584 40,744
Accumulated other comprehensive (loss) income (1,715) 2,226
Total partners' capital 6,740,162 6,764,890
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships 136,278 135,417
Total capital 6,876,440 6,900,307
Total liabilities and equity $ 12,560,070 $ 12,391,961