ASSETS
Investment properties:
Land and improvements
Operating Partnership
228 226 226 216 211
Total land and improvements
249 249 248 242 242 241 234 235 235 231 233 232 232 229 228 228 226 226 216 211
Show 1 line no longer reported
Hide 1 line no longer reported
Building and improvements
Operating Partnership
3,754 3,700 3,716 3,649 3,628
Total building and improvements
4,706 4,704 4,697 4,679 4,660 4,666 4,588 4,613 4,613 3,880 3,873 3,826 3,825 3,779 3,757 3,754 3,700 3,716 3,649 3,628
Show 1 line no longer reported
Hide 1 line no longer reported
Construction in progress
53 42 31 18
Tenant improvements
Operating Partnership
56 54 51 48 43
Total tenant improvements
101 95 92 97 89 90 87 90 86 82 78 76 73 64 60 56 54 51 48 43
Show 1 line no longer reported
Hide 1 line no longer reported
Acquired lease intangibles
Operating Partnership
397 390 398 391 387
Total acquired lease intangibles
509 509 509 505 505 505 493 498 498 409 409 406 407 399 397 397 390 398 391 387
Show 1 line no longer reported
Hide 1 line no longer reported
Gross real estate property
Operating Partnership
4,435 4,370 4,391 4,304 4,268
Total gross real estate property
5,619 5,600 5,576 5,523 5,514 5,503 5,402 5,436 5,432 4,602 4,594 4,539 4,536 4,472 4,443 4,435 4,370 4,391 4,304 4,268
Show 1 line no longer reported
Hide 1 line no longer reported
Accumulated depreciation
Operating Partnership
(578) (541) (517) (480) (444)
Total accumulated depreciation
(1,188) (1,140) (1,092) (1,044) (997) (949) (902) (868) (821) (780) (759) (721) (688) (653) (616) (578) (541) (517) (480) (444)
Show 1 line no longer reported
Hide 1 line no longer reported
Net real estate property
Operating Partnership
3,857 3,829 3,874 3,824 3,824
Total net real estate property
4,431 4,460 4,484 4,479 4,517 4,554 4,501 4,568 4,611 3,822 3,835 3,818 3,849 3,820 3,827 3,857 3,829 3,874 3,824 3,824
Show 1 line no longer reported
Hide 1 line no longer reported
Real estate held for sale
Operating Partnership
9
Total real estate held for sale
0 0 66 2 2 45 0 9
Show 1 line no longer reported
Hide 1 line no longer reported
Right-of-use lease assets, net
Operating Partnership
139 128 128 126 126
Total right-of-use lease assets, net
227 228 229 230 231 232 233 234 235 142 141 137 137 138 138 139 128 128 126 126
Show 1 line no longer reported
Hide 1 line no longer reported
Real estate loans receivable
Operating Partnership
178 94 83 75
Total real estate loans receivable
178 94 83 75
Investment in unconsolidated entities
Operating Partnership
66 1 1 1
Total investment in unconsolidated entities
66 1 1 1
Real estate loans receivable, net
Operating Partnership
136 178
Total real estate loans receivable, net
98 80 89 116 105 121 105 93 118 181 177 207 199 164 160 136 178
Show 1 line no longer reported
Hide 1 line no longer reported
Investments in unconsolidated entities
Operating Partnership
64 66
Total investments in unconsolidated entities
78 72 74 75 78 80 81 76 70 79 73 76 78 61 63 64 66
Show 1 line no longer reported
Hide 1 line no longer reported
Net real estate investments
Operating Partnership
4,196 4,201 4,098 4,033 4,037
Total net real estate investments
4,834 4,839 4,876 4,900 4,931 4,987 4,985 4,973 5,036 4,268 4,226 4,237 4,263 4,182 4,188 4,196 4,201 4,098 4,033 4,037
Show 1 line no longer reported
Hide 1 line no longer reported
Cash and cash equivalents
Operating Partnership
3 2 9 7 5
Total cash and cash equivalents
157 196 246 3 8 3 0 3 10 5 2 4 3 4 4 3 2 9 7 5
Show 1 line no longer reported
Hide 1 line no longer reported
Tenant receivables, net
Operating Partnership
9 8 8 8 11
Total tenant receivables, net
12 11 8 11 12 10 6 6 5 6 5 6 5 4 7 9 8 8 8 11
Show 1 line no longer reported
Hide 1 line no longer reported
Other assets
Operating Partnership
133 135 133 124 133
Total other assets
153 166 150 147 147 144 135 134 132 130 125 125 144 142 134 133 135 133 124 133
Show 1 line no longer reported
Hide 1 line no longer reported
Operating Partnership
4,341 4,347 4,248 4,172 4,185
Total assets
5,156 5,212 5,280 5,061 5,097 5,142 5,126 5,116 5,183 4,409 4,358 4,371 4,414 4,332 4,334 4,341 4,347 4,248 4,172 4,185
Show 1 line no longer reported
Hide 1 line no longer reported
LIABILITIES AND EQUITY
Liabilities:
Credit facility
Operating Partnership
405 583 513 462 479
Total credit facility
394 393 393 148 188 257 259 249 268 402 319 403 412 341 315 405 583 513 462 479
Show 1 line no longer reported
Hide 1 line no longer reported
Notes payable
Operating Partnership
968 968 968 967 967
Total notes payable
1,452 1,452 1,451 1,451 1,465 1,465 1,465 1,464 1,464 969 969 969 969 968 968 968 968 968 967 967
Show 1 line no longer reported
Hide 1 line no longer reported
Mortgage debt
Operating Partnership
59 83 84 99 100
Total mortgage debt
127 128 164 164 164 165 180 180 180 50 50 51 58 58 59 59 83 84 99 100
Show 1 line no longer reported
Hide 1 line no longer reported
Accounts payable
Operating Partnership
3 6 7 5 4
Total accounts payable
8 5 4 3 4 7 5 1 7 6 5 3 7 8 4 3 6 7 5 4
Show 1 line no longer reported
Hide 1 line no longer reported
Dividends and distributions payable
Operating Partnership
49 46 45 45 44
Total dividends and distributions payable
61 61 60 60 60 58 58 57 57 54 54 52 52 52 51 49 46 45 45 44
Show 1 line no longer reported
Hide 1 line no longer reported
Accrued expenses and other liabilities
Operating Partnership
73 81 70 73 56
Total accrued expenses and other liabilities
96 96 93 85 88 92 88 79 86 80 85 71 92 81 84 73 81 70 73 56
Show 1 line no longer reported
Hide 1 line no longer reported
Lease liabilities
Operating Partnership
74 63 63 61 61
Total lease liabilities
105 105 105 105 105 105 105 105 105 79 79 74 74 74 74 74 63 63 61 61
Show 1 line no longer reported
Hide 1 line no longer reported
Acquired lease intangibles, net
Operating Partnership
6 6 6 7 7
Total acquired lease intangibles, net
23 23 23 24 24 25 21 21 22 6 6 6 7 6 6 6 6 6 7 7
Show 1 line no longer reported
Hide 1 line no longer reported
Operating Partnership
1,638 1,838 1,756 1,720 1,718
Total liabilities
2,266 2,262 2,294 2,040 2,100 2,174 2,179 2,156 2,189 1,645 1,567 1,629 1,671 1,588 1,561 1,638 1,838 1,756 1,720 1,718
Show 1 line no longer reported
Hide 1 line no longer reported
Redeemable noncontrolling interests - partially owned properties
Operating Partnership
28 28 28 27 25
Total redeemable noncontrolling interests - partially owned properties
3 3 3 3 3 3 6 6 7 7 7 7 28 28 28 28 28 28 27 25
Show 1 line no longer reported
Hide 1 line no longer reported
Equity:
Common shares, $0.01 par value, 500,000,000 common shares authorized, 238,519,554 and 233,292,030 common shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Additional paid-in capital
3,822 3,818 3,814 3,811 3,744 3,649 3,637 3,616 3,611 3,444 3,440 3,356 3,303 3,275 3,271 3,170 2,932 2,903 2,845 2,823
Accumulated deficit
(1,061) (1,013) (970) (927) (882) (839) (850) (814) (776) (751) (723) (690) (658) (628) (595) (564) (529) (526) (497) (460)
General partner’s capital, 202,555,703 and 189,975,396 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
2,608 2,405 2,379 2,350 2,364
Limited partners’ capital, 5,663,554 and 5,666,109 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
73 72 81 70 67
Accumulated other comprehensive income
Operating Partnership
(6) 4 3 5 11
Total accumulated other comprehensive income
1 15 9 4 5 5 4 0 (1) (4) (5) (5) (6) (6) (7) (6) 4 3 5 11
Show 1 line no longer reported
Hide 1 line no longer reported
Total shareholders’ equity
2,764 2,822 2,856 2,890 2,870 2,818 2,793 2,804 2,836 2,691 2,715 2,664 2,641 2,643 2,671 2,602 2,409 2,382 2,355 2,375
Total partners’ capital
2,675 2,481 2,463 2,425 2,442
Noncontrolling interests:
Operating Partnership
114 116 118 119 123 146 147 148 150 67 67 71 73 72 73 73 72 81 70 67
Partially owned properties
9 9 9 9 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1
Total noncontrolling interests
123 125 127 128 124 148 148 149 151 67 68 72 74 72 73 73 72 81 70 67
Total equity
2,887 2,948 2,983 3,018 2,994 2,965 2,941 2,953 2,987 2,758 2,783 2,735 2,715 2,715 2,744 2,675 2,481 2,464 2,425 2,442
Show 3 lines no longer reported
Hide 3 lines no longer reported
Operating Partnership
4,341 4,347 4,248 4,172 4,185
Total liabilities and equity
5,156 5,212 5,280 5,061 5,097 5,142 5,126 5,116 5,183 4,409 4,358 4,371 4,414 4,332 4,334 4,341 4,347 4,248 4,172 4,185
Show 1 line no longer reported
Hide 1 line no longer reported
Common stock, par value (in dollars per share)
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Common stock, shares authorized (in shares)
500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500
