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HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 594,825 $ 570,286
Buildings and tenant improvements 6,017,574 5,826,603
Development in-process 3,657 0
Land held for development 214,467 221,048
Total real estate assets 6,830,523 6,617,937
Less-accumulated depreciation (1,883,882) (1,796,586)
Net real estate assets 4,946,641 4,821,351
Real estate and other assets, net, held for sale 10,490 55,409
Cash and cash equivalents 26,262 22,412
Restricted cash 15,481 11,265
Accounts receivable 30,344 28,287
Mortgages and notes receivable 6,211 11,064
Accrued straight-line rents receivable 317,072 308,853
Investments in and advances to unconsolidated affiliates 497,002 485,726
Deferred leasing costs, net of accumulated amortization of $165,547 and $170,312, respectively 225,307 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $23,897 and $20,626, respectively 64,683 75,021
Total Assets 6,139,493 6,029,355
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,404,707 3,293,559
Accounts payable, accrued expenses and other liabilities 283,905 304,551
Total Liabilities 3,688,612 3,598,110
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 65,042 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), 26,691 and 28,811 shares issued and outstanding, respectively 26,691 28,811
Common Stock, $.01 par value, 200,000,000 authorized shares; 109,553,557 and 107,623,777 shares issued and outstanding, respectively 1,096 1,076
Additional paid-in capital 3,200,251 3,144,130
Distributions in excess of net income available for common stockholders (843,790) (810,608)
Accumulated other comprehensive loss (2,432) (2,246)
Total Stockholders’ Equity 2,381,816 2,361,163
Noncontrolling interests in consolidated affiliates 4,023 4,291
Total Equity/Capital 2,385,839 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,139,493 $ 6,029,355