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HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 573,607 $ 570,286
Buildings and tenant improvements 5,898,670 5,826,603
Land held for development 232,644 221,048
Total real estate assets 6,704,921 6,617,937
Less-accumulated depreciation (1,799,642) (1,796,586)
Net real estate assets 4,905,279 4,821,351
Real estate and other assets, net, held for sale 0 55,409
Cash and cash equivalents 20,107 22,412
Restricted cash 19,407 11,265
Accounts receivable 28,795 28,287
Mortgages and notes receivable 6,241 11,064
Accrued straight-line rents receivable 311,704 308,853
Investments in and advances to unconsolidated affiliates 492,090 485,726
Deferred leasing costs, net of accumulated amortization of $161,824 and $170,312, respectively 224,425 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $21,845 and $20,626, respectively 67,188 75,021
Total Assets 6,075,236 6,029,355
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,338,492 3,293,559
Accounts payable, accrued expenses and other liabilities 257,963 304,551
Total Liabilities 3,596,455 3,598,110
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 63,759 65,791
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; 107,810,629 and 107,623,777 shares issued and outstanding, respectively 1,078 1,076
Additional paid-in capital 3,150,235 3,144,130
Distributions in excess of net income available for common stockholders (766,979) (810,608)
Accumulated other comprehensive loss (2,308) (2,246)
Total Stockholders’ Equity 2,410,837 2,361,163
Noncontrolling interests in consolidated affiliates 4,185 4,291
Total Equity/Capital 2,415,022 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,075,236 $ 6,029,355