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EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Rental properties:    
Land and land improvements $ 3,271,624 $ 3,246,789
Buildings and improvements 14,505,983 14,342,729
Total rental properties 17,777,607 17,589,518
Less: accumulated depreciation (6,171,689) (6,150,618)
Net real estate 11,605,918 11,438,900
Real estate under development 96,268 52,682
Co-investments 906,686 935,014
Real estate held for sale 112,173 0
Total real estate 12,721,045 12,426,596
Cash and cash equivalents-unrestricted 98,735 66,795
Cash and cash equivalents-restricted 9,127 9,051
Marketable securities 76,013 69,794
Notes and other receivables, net of allowance for credit losses of $0.5 million as of both March 31, 2025 and December 31, 2024 133,724 206,706
Operating lease right-of-use assets 53,351 51,556
Prepaid expenses and other assets 94,263 96,861
Total assets 13,186,258 12,927,359
LIABILITIES AND EQUITY    
Unsecured debt, net 5,870,662 5,473,788
Mortgage notes payable, net 919,590 989,884
Lines of credit 0 137,945
Accounts payable and accrued liabilities 232,594 212,747
Construction payable 20,679 14,347
Dividends payable 173,678 165,443
Distributions in excess of investments in co-investments 84,295 79,273
Liabilities associated with real estate held for sale 641 0
Operating lease liabilities 54,149 52,473
Other liabilities 50,019 50,220
Total liabilities 7,406,307 7,176,120
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 34,376 30,849
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,358,097 and 64,280,466 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,672,346 6,668,047
Distributions in excess of accumulated earnings (1,117,971) (1,155,662)
Accumulated other comprehensive income, net 15,620 24,655
Total stockholders’ equity 5,570,001 5,537,046
Noncontrolling interest 175,574 183,344
Total equity 5,745,575 5,720,390
Total liabilities and equity 13,186,258 12,927,359
Financing Receivable, Allowance for Credit Loss $ 526 $ 529