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HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate assets, at cost:    
Land $ 533,361 $ 540,050
Buildings and tenant improvements 5,940,252 5,960,895
Development in-process 0 8,918
Land held for development 222,157 227,058
Total real estate assets 6,695,770 6,736,921
Less-accumulated depreciation (1,795,361) (1,743,390)
Net real estate assets 4,900,409 4,993,531
Real estate and other assets, net, held for sale 3,875 0
Cash and cash equivalents 27,003 25,123
Restricted cash 9,802 6,446
Accounts receivable 30,432 28,094
Mortgages and notes receivable 10,993 4,795
Accrued straight-line rents receivable 313,721 310,649
Investments in and advances to unconsolidated affiliates 378,761 343,241
Deferred leasing costs, net of accumulated amortization of $183,154 and $175,697, respectively 217,773 225,924
Prepaid expenses and other assets, net of accumulated depreciation of $18,566 and $22,142, respectively 78,704 65,125
Total Assets 5,971,473 6,002,928
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,191,429 3,213,206
Accounts payable, accrued expenses and other liabilities 304,733 302,180
Total Liabilities 3,496,162 3,515,386
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 56,518 49,520
Equity:    
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,811 shares issued and outstanding 28,811 28,811
Common Stock, $.01 par value, 200,000,000 authorized shares; 106,010,262 and 105,710,315 shares issued and outstanding, respectively 1,060 1,057
Additional paid-in capital 3,101,381 3,103,446
Distributions in excess of net income available for common stockholders (714,956) (698,020)
Accumulated other comprehensive loss (2,121) (1,997)
Total Stockholders’ Equity 2,414,175 2,433,297
Noncontrolling interests in consolidated affiliates 4,618 4,725
Total Equity/Capital 2,418,793 2,438,022
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 5,971,473 $ 6,002,928