v3.24.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate owned:    
Real estate held for investment $ 16,070,591 $ 15,757,456
Less: accumulated depreciation (6,572,743) (6,242,686)
Real estate held for investment, net 9,497,848 9,514,770
Real estate under development (net of accumulated depreciation of $0 and $184, respectively)   160,220
Real estate held for disposition (net of accumulated depreciation of $0 and $24,960, respectively)   81,039
Total real estate owned, net of accumulated depreciation 9,497,848 9,756,029
Cash and cash equivalents 2,770 2,922
Restricted cash 31,616 31,944
Notes receivable, net 241,842 228,825
Investment in and advances to unconsolidated joint ventures, net 958,943 952,934
Operating lease right-of-use assets 188,828 190,619
Other assets 195,958 209,969
Total assets 11,117,805 11,373,242
Liabilities:    
Secured debt, net 1,235,748 1,277,713
Unsecured debt, net 4,540,388 4,520,996
Operating lease liabilities 184,076 185,836
Real estate taxes payable 44,333 47,107
Accrued interest payable 47,289 47,710
Security deposits and prepaid rent 49,168 50,528
Distributions payable 151,518 149,600
Accounts payable, accrued expenses, and other liabilities 120,784 141,311
Total liabilities 6,373,304 6,420,801
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 1,021,782 961,087
Equity:    
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2024 and December 31, 2023: 329,539,663 and 329,014,512 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 3,295 3,290
Additional paid-in capital 7,508,794 7,493,217
Distributions in excess of net income (3,840,808) (3,554,892)
Accumulated other comprehensive income/(loss), net 7,910 4,914
Total stockholders' equity 3,722,384 3,991,144
Noncontrolling interests 335 210
Total equity 3,722,719 3,991,354
Total liabilities and equity 11,117,805 11,373,242
8.00% Series E Cumulative Convertible Preferred Stock    
Equity:    
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2024 and December 31, 2023: 43,192 44,614
Series F    
Equity:    
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2024 and December 31, 2023: $ 1 $ 1