v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate:    
Land and improvements $ 4,742,140 $ 4,720,331
Buildings and improvements 19,643,649 19,438,195
Furniture, fixtures and equipment 1,275,563 1,238,330
Gross operating real estate 25,661,352 25,396,856
Less accumulated depreciation (7,720,513) (7,521,962)
Net operating real estate 17,940,839 17,874,894
Construction in progress, including land 1,210,773 1,268,915
Land held for development 211,546 199,062
Real estate assets held for sale, net 9,629 0
Total real estate, net 19,372,787 19,342,871
Cash and cash equivalents 287,892 397,890
Restricted cash 135,658 133,070
Unconsolidated investments 220,384 220,145
Deferred development costs 54,038 53,122
Prepaid expenses and other assets 437,664 396,442
Right of use lease assets 132,474 134,674
Total assets 20,640,897 20,678,214
LIABILITIES AND EQUITY    
Unsecured notes, net 7,257,806 7,256,152
Variable rate unsecured credit facility and commercial paper, net 0 0
Mortgage notes payable, net 725,465 725,670
Dividends payable 243,604 238,072
Payables for construction 87,167 87,703
Accrued expenses and other liabilities 323,819 310,868
Lease liabilities 150,926 153,232
Accrued interest payable 71,966 57,911
Resident security deposits 64,437 63,815
Total liabilities 8,925,190 8,893,423
Commitments and contingencies
Redeemable noncontrolling interests 1,473 1,473
Equity:    
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at March 31, 2024 and December 31, 2023; zero shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 280,000,000 shares authorized at March 31, 2024 and December 31, 2023; 142,184,758 and 142,025,456 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 1,422 1,420
Additional paid-in capital 11,279,840 11,287,626
Accumulated earnings less dividends 409,371 478,156
Accumulated other comprehensive income 23,601 16,116
Total equity 11,714,234 11,783,318
Total liabilities and equity $ 20,640,897 $ 20,678,214

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