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EPT - Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Rental properties:    
Land and land improvements $ 3,174,058 $ 3,036,912
Buildings and improvements 13,884,518 13,098,311
Total rental properties 17,058,576 16,135,223
Less: accumulated depreciation (6,004,325) (5,664,931)
Net real estate 11,054,251 10,470,292
Real estate under development 25,087 23,724
Co-investments 1,007,252 1,061,733
Real estate held for sale 74,148 0
Total real estate 12,160,738 11,555,749
Cash and cash equivalents-unrestricted 71,288 391,749
Cash and cash equivalents-restricted 8,975 8,585
Marketable securities, net of allowance for credit losses of zero as of both September 30, 2024 and December 31, 2023 75,245 87,795
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.7 million as of September 30, 2024 and December 31, 2023, respectively (includes related party receivables of $59.9 million and $6.1 million as of September 30, 2024 and December 31, 2023, respectively) 200,295 174,621
Operating lease right-of-use assets 52,470 63,757
Prepaid expenses and other assets 78,436 79,171
Total assets 12,647,447 12,361,427
LIABILITIES AND EQUITY    
Unsecured debt, net 5,473,318 5,318,531
Mortgage notes payable, net 884,728 887,204
Lines of credit 7,885 0
Accounts payable and accrued liabilities 246,356 176,401
Construction payable 23,185 20,659
Dividends payable 165,613 155,695
Distributions in excess of investments in co-investments 79,985 65,488
Liabilities associated with real estate held for sale 1,214 0
Operating lease liabilities 53,510 65,091
Other liabilities 49,316 46,175
Total liabilities 6,985,110 6,735,244
Commitments and contingencies
Redeemable noncontrolling interest 33,977 32,205
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,267,485 and 64,203,497 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,671,264 6,656,720
Distributions in excess of accumulated earnings (1,255,608) (1,267,536)
Accumulated other comprehensive income, net 18,174 33,556
Total stockholders' equity 5,433,836 5,422,746
Noncontrolling interest 194,524 171,232
Total equity 5,628,360 5,593,978
Total liabilities and equity $ 12,647,447 $ 12,361,427