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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 1,972,945 $ 1,902,587
Buildings, improvements and equipment 7,745,858 7,658,282
Total real estate properties, gross 9,718,803 9,560,869
Accumulated depreciation (3,129,087) (2,970,133)
Total real estate properties, net 6,589,716 6,590,736
Acquired real estate leases and other intangibles, net 137,366 252,357
Assets held for sale 13,567 121,905
Cash and cash equivalents 418,162 38,369
Restricted cash 17,366 [1] 7,051
Equity method investments 110,533 112,617
Investment in equity securities 0 53,055
Due from related persons 28,497 35,033
Other assets, net 289,104 277,068
Total assets 7,604,311 7,488,191
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior unsecured notes, net 5,164,302 5,655,530
Mortgage notes payable, net 556,447 0
Total liabilities 6,302,361 6,099,399
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 165,772,040 and 165,452,566, shares issued and outstanding, respectively 1,658 1,655
Additional paid in capital 4,556,991 4,554,861
Cumulative other comprehensive income 2,139 2,383
Cumulative net income available for common shareholders 2,513,823 2,503,279
Cumulative common distributions (5,772,661) (5,673,386)
Total shareholders’ equity 1,301,950 1,388,792
Total liabilities and shareholders’ equity 7,604,311 7,488,191
Nonrelated Party    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable and other liabilities 568,325 425,960
Related Party    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable and other liabilities $ 13,287 $ 17,909
[1] (1) Restricted cash consists of amounts escrowed pursuant to the terms of our hotel management agreements to fund capital improvements at our hotels and amounts escrowed at certain of our mortgaged net lease properties.