v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate:    
Land and improvements $ 4,784,515 $ 4,720,331
Buildings and improvements 19,684,414 19,438,195
Furniture, fixtures and equipment 1,302,726 1,238,330
Gross operating real estate 25,771,655 25,396,856
Less accumulated depreciation (7,811,650) (7,521,962)
Net operating real estate 17,960,005 17,874,894
Construction in progress, including land 1,122,699 1,268,915
Land held for development 174,997 199,062
Real estate assets held for sale, net 154,887 0
Total real estate, net 19,412,588 19,342,871
Cash and cash equivalents 545,769 397,890
Restricted cash 219,584 133,070
Unconsolidated investments 222,065 220,145
Deferred development costs 48,747 53,122
Prepaid expenses and other assets 455,081 396,442
Right of use lease assets 133,196 134,674
Total assets 21,037,030 20,678,214
LIABILITIES AND EQUITY    
Unsecured notes, net 7,655,152 7,256,152
Variable rate unsecured credit facility and commercial paper, net 0 0
Mortgage notes payable, net 718,879 725,670
Dividends payable 244,082 238,072
Payables for construction 83,912 87,703
Accrued expenses and other liabilities 315,880 310,868
Lease liabilities 151,587 153,232
Accrued interest payable 60,830 57,911
Resident security deposits 65,214 63,815
Total liabilities 9,295,536 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 June 30, 2024 and December 31, 2023; zero shares issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 280,000,000 shares authorized at June 30, 2024 and December 31, 2023; 142,217,019 and 142,025,456 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1,422 1,420
Additional paid-in capital 11,290,907 11,287,626
Accumulated earnings less dividends 421,134 478,156
Accumulated other comprehensive income 28,031 16,116
Total equity 11,741,494 11,783,318
Total liabilities and equity $ 21,037,030 $ 20,678,214

Source