v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate:    
Land and improvements $ 4,854,683 $ 4,720,331
Buildings and improvements 20,070,553 19,438,195
Furniture, fixtures and equipment 1,354,107 1,238,330
Gross operating real estate 26,279,343 25,396,856
Less accumulated depreciation (7,990,115) (7,521,962)
Net operating real estate 18,289,228 17,874,894
Construction in progress, including land 1,088,496 1,268,915
Land held for development 154,906 199,062
Real estate assets held for sale, net 37,088 0
Total real estate, net 19,569,718 19,342,871
Cash and cash equivalents 552,356 397,890
Restricted cash 240,121 133,070
Unconsolidated investments 227,831 220,145
Deferred development costs 49,620 53,122
Prepaid expenses and other assets 511,771 396,442
Right of use lease assets 156,994 134,674
Total assets 21,308,411 20,678,214
LIABILITIES AND EQUITY    
Unsecured notes, net 7,656,910 7,256,152
Variable rate unsecured credit facility and commercial paper, net 0 0
Mortgage notes payable, net 718,352 725,670
Dividends payable 244,519 238,072
Payables for construction 81,263 87,703
Accrued expenses and other liabilities 402,590 310,868
Lease liabilities 175,401 153,232
Accrued interest payable 80,225 57,911
Resident security deposits 64,267 63,815
Total liabilities 9,423,527 8,893,423
Commitments and contingencies
Redeemable noncontrolling interests 0 1,473
Equity:    
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at September 30, 2024 and December 31, 2023; zero shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 280,000,000 shares authorized at September 30, 2024 and December 31, 2023; 142,236,607 and 142,025,456 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1,422 1,420
Additional paid-in capital 11,303,799 11,287,626
Accumulated earnings less dividends 551,436 478,156
Accumulated other comprehensive income 28,227 16,116
Total equity 11,884,884 11,783,318
Total liabilities and equity $ 21,308,411 $ 20,678,214

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