7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-06-30 2014-03-31 2013-12-31 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2008-12-31 2008-03-31 2007-12-31 2007-09-30 2006-12-31 2006-09-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 
      
    		                                                                
      assets
    		                                                                
      land
    		5,615,228,000 5,636,458,000 5,572,591,000 5,606,531,000 5,675,037,000 5,540,352,000 5,550,882,000 5,581,876,000 5,593,425,000 5,579,211,000 5,559,883,000 5,580,878,000 5,580,878,000 5,733,412,000 5,836,951,000 5,814,790,000 5,779,686,000 5,780,705,000 5,785,367,000 5,785,367,000 5,794,771,000 5,789,307,000 5,883,065,000 5,936,188,000 5,986,329,000 5,960,804,000 5,996,024,000 5,985,004,000 5,927,949,000 5,902,186,000 5,899,862,000 5,874,647,000 5,835,195,000 5,777,206,000 5,864,046,000 6,424,887,000 6,374,779,000 6,357,580,000 6,296,735,000 6,281,124,000 6,192,512,000 4,565,646,000 4,384,200,000 4,158,288,000 4,161,358,000 4,107,769,000 4,110,275,000 4,093,508,000 4,003,177,000 3,948,967,000 3,650,324,000 3,671,299,000 3,613,965,000 3,607,305,000 3,610,743,000 3,217,672,000 3,118,538,000 2,980,663,000 2,848,601,000 2,283,157,000 2,222,255,000 2,144,206,000 2,183,818,000 2,158,662,000 
      depreciable property
    		24,767,133,000 24,711,740,000 24,158,601,000 24,039,412,000 24,148,043,000 23,004,377,000 22,930,036,000 22,938,426,000 22,911,464,000 22,697,597,000 22,343,556,000 22,334,369,000 22,251,673,000 22,443,313,000 22,496,307,000 22,370,811,000 21,840,344,000 21,161,984,000 20,952,067,000 20,920,654,000 21,076,222,000 20,997,903,000 21,197,547,000 21,319,101,000 19,946,606,000 19,798,353,000 19,768,362,000 19,571,402,000 19,123,571,000 18,798,554,000 18,730,579,000 18,610,446,000 18,474,391,000 18,115,815,000 18,027,087,000 20,540,247,000 20,290,324,000 20,024,497,000 19,730,737,000 19,623,472,000 19,226,047,000 15,886,832,000 15,606,315,000 15,055,570,000 15,046,250,000 15,279,033,000 15,226,512,000 15,161,007,000 14,686,447,000 14,387,262,000 13,893,521,000 13,908,594,000 13,541,364,000 13,556,681,000 13,557,202,000 13,376,359,000 13,195,156,000 13,339,890,000 13,336,636,000 12,670,716,000 12,565,622,000 12,381,279,000 12,350,900,000 12,245,745,000 
      projects under development
    		163,194,000 168,626,000 144,706,000 261,706,000 222,055,000 188,283,000 155,729,000 78,036,000 61,411,000 50,916,000 132,341,000 112,940,000 89,347,000 65,161,000 36,718,000 24,307,000 163,659,000 372,243,000 476,010,000 411,134,000 337,696,000 274,825,000 225,753,000 181,630,000 145,564,000 96,609,000 163,547,000 293,064,000 325,823,000 666,228,000 637,168,000 761,068,000 799,947,000 1,073,822,000 1,122,376,000 1,039,657,000 1,240,244,000 1,269,784,000 1,006,992,000 865,177,000 988,867,000 198,912,000 185,621,000 119,433,000 115,085,000 97,151,000 130,337,000 499,037,000 473,280,000 429,444,000 668,979,000 855,473,000 811,616,000 772,402,000 539,009,000 386,917,000 335,227,000        
      land held for development
    		56,953,000 59,956,000 59,772,000 63,142,000 65,113,000 64,781,000 64,466,000 114,300,000 62,533,000 61,334,000 60,665,000 60,567,000 60,165,000 59,573,000 66,980,000 62,998,000 82,026,000 90,446,000 88,360,000 86,170,000 103,900,000 102,361,000 102,602,000 96,688,000 86,098,000 102,851,000 98,963,000 99,073,000 112,474,000 109,136,000 118,816,000 115,082,000 138,221,000 154,023,000 168,843,000 154,690,000 127,559,000 143,997,000 306,625,000 295,357,000 393,522,000 372,108,000 360,955,000 205,476,000 214,495,000 211,968,000 235,247,000 290,819,000 251,219,000 266,287,000 252,320,000 254,873,000 368,525,000 396,962,000 395,550,000 254,227,000 199,369,000        
      investment in real estate
    		30,602,508,000 30,576,780,000 29,935,670,000 29,970,791,000 30,110,248,000 28,797,793,000 28,701,113,000 28,712,638,000 28,628,833,000 28,389,058,000 28,096,445,000 28,088,754,000 27,982,063,000 28,301,459,000 28,436,956,000 28,272,906,000 27,865,715,000 27,405,378,000 27,301,804,000 27,203,325,000 27,312,589,000 27,164,396,000 27,408,967,000 27,533,607,000 26,164,597,000 25,958,617,000 26,026,896,000 25,948,543,000 25,489,817,000 25,476,104,000 25,386,425,000 25,361,243,000 25,247,754,000 25,120,866,000 25,182,352,000 28,159,481,000 28,032,906,000 27,795,858,000 27,341,089,000 27,065,130,000 26,800,948,000 21,023,498,000 20,537,091,000 19,538,767,000 19,537,188,000 19,695,921,000 19,702,371,000 20,044,371,000 19,414,123,000 19,031,960,000 18,465,144,000 18,690,239,000 18,335,470,000 18,333,350,000 18,102,504,000 17,235,175,000 16,848,290,000 16,657,375,000 16,590,370,000 15,284,838,000 15,190,945,000 14,883,311,000 14,852,621,000 14,684,636,000 
      accumulated depreciation
    		-10,976,770,000 -10,816,579,000 -10,611,129,000 -10,412,463,000 -10,386,783,000 -10,163,756,000 -9,978,012,000 -9,810,337,000 -9,634,013,000 -9,428,549,000 -9,207,194,000 -9,027,850,000 -8,813,578,000 -8,740,806,000 -8,578,131,000 -8,354,282,000 -8,260,846,000 -8,164,287,000 -8,059,619,000 -7,859,657,000 -7,738,318,000 -7,537,713,000 -7,420,293,000 -7,276,786,000 -6,338,043,000 -6,173,047,000 -6,040,378,000 -5,849,110,000 -5,671,510,000 -5,526,586,000 -5,360,389,000 -5,255,965,000 -5,119,342,000 -4,977,274,000 -4,905,406,000 -5,914,695,000 -5,736,913,000 -5,600,485,000 -5,170,438,000 -4,992,877,000 -4,807,709,000 -4,777,887,000 -4,658,994,000 -4,405,479,000 -4,307,406,000 -4,424,078,000 -4,337,357,000 -4,313,502,000 -4,146,964,000 -3,972,022,000 -3,877,564,000 -3,561,300,000             
      investments in unconsolidated entities
    		400,077,000 403,768,000 411,973,000 386,531,000 359,810,000 341,871,000 289,272,000 282,049,000 313,225,000 304,710,000 292,279,000 279,024,000 256,311,000 169,272,000 150,092,000 127,448,000 79,429,000 53,364,000 53,274,000 52,782,000 54,828,000 55,310,000 55,866,000 52,238,000 58,124,000 59,091,000 58,254,000 59,029,000 59,246,000 59,483,000 60,141,000 60,911,000 65,952,000 66,476,000 68,101,000 74,108,000 94,718,000 89,284,000 142,318,000 205,068,000 178,526,000 17,886,000 14,803,000 11,020,000 3,623,000 3,533,000 3,167,000  2,889,000 5,645,000 6,995,000 5,795,000 3,429,000 3,547,000 3,535,000 4,448,000 4,528,000 4,891,000 6,838,000 11,390,000 10,658,000 10,743,000 11,461,000 11,629,000 
      cash and cash equivalents
    		93,092,000 31,276,000 39,849,000 62,302,000 28,610,000 38,298,000 44,535,000 50,743,000 39,250,000 35,701,000 133,460,000 53,869,000 44,788,000 45,010,000 41,140,000 123,832,000 39,707,000 39,492,000 35,453,000 42,591,000 178,333,000 187,416,000 82,335,000 45,753,000 34,507,000 44,453,000 50,647,000 46,565,000 37,719,000 42,139,000 77,207,000 517,586,000 497,843,000 368,049,000 42,276,000 37,366,000 92,109,000 49,418,000 76,132,000 37,209,000 53,534,000 44,585,000 219,628,000 45,986,000 604,764,000 306,072,000 431,408,000 43,660,000 47,982,000 60,186,000 193,288,000 890,794,000 502,649,000 50,831,000 62,734,000 260,277,000 76,324,000 86,777,000 88,828,000 306,933,000 102,752,000 91,068,000 83,505,000 64,993,000 
      restricted deposits
    		106,410,000 100,678,000 101,694,000 97,864,000 97,949,000 100,123,000 152,025,000 89,252,000 87,477,000 88,941,000 85,625,000 83,303,000 76,679,000 73,641,000 70,560,000 236,404,000 187,042,000 353,009,000 62,383,000 57,137,000 56,881,000 58,117,000 58,435,000 71,246,000 54,370,000 50,258,000 50,115,000                                      
      right-of-use assets
    		449,670,000 449,577,000 452,783,000 455,445,000 458,673,000 450,796,000 454,035,000 457,266,000 460,489,000 463,704,000 466,911,000 462,956,000 465,814,000 468,834,000 471,667,000 474,713,000 477,693,000 480,671,000 484,999,000 499,287,000 502,184,000 505,077,000 507,962,000 512,774,000                                         
      other assets
    		390,076,000 282,014,000 231,345,000 273,706,000 257,314,000 214,443,000 231,829,000 252,953,000 213,714,000 292,164,000 235,000,000 278,206,000 253,328,000 256,935,000 237,953,000 288,220,000 274,275,000 296,719,000 290,721,000 291,426,000 257,481,000 282,348,000 226,046,000 233,937,000 433,027,000 444,498,000 425,065,000 445,195,000 445,909,000 413,114,000 398,883,000 421,406,000 398,417,000 422,079,000 422,027,000 405,798,000 383,035,000 384,723,000 409,183,000 384,271,000 404,557,000 161,445,000 129,248,000 149,051,000 151,766,000 133,007,000 148,992,000 138,572,000 138,731,000 164,557,000 213,956,000 283,664,000 121,866,000 142,453,000 156,218,000 123,672,000 101,864,000 108,537,000 117,306,000 101,484,000 93,355,000 119,879,000 112,854,000 99,207,000 
      total assets
    		21,065,063,000 21,027,514,000 20,562,185,000 20,834,176,000 20,925,821,000 19,779,568,000 19,894,797,000 20,034,564,000 20,108,975,000 20,145,729,000 20,102,526,000 20,218,262,000 20,265,405,000 20,574,345,000 20,830,237,000 21,169,241,000 20,663,015,000 20,464,346,000 20,169,015,000 20,286,891,000 20,623,978,000 20,714,951,000 20,919,318,000 21,172,769,000 20,406,582,000 20,383,870,000 20,570,599,000 20,697,833,000 20,636,575,000 20,608,338,000 20,704,148,000 21,297,744,000 21,229,922,000 21,301,292,000 23,157,328,000 23,008,804,000 23,081,830,000 23,029,048,000 22,991,402,000 22,889,631,000 22,834,545,000 16,714,412,000 16,481,247,000 15,756,817,000 16,398,122,000 16,075,329,000 16,184,194,000 16,086,829,000 15,625,272,000 15,518,413,000 15,417,515,000 16,535,110,000 16,010,945,000 15,689,777,000 15,789,585,000 15,062,219,000 14,970,066,000 14,180,907,000 14,098,945,000 13,311,829,000 12,908,036,000 12,697,335,000 12,645,275,000 12,533,458,000 
      liabilities and equity
    		                                                                
      liabilities:
    		                                                                
      mortgage notes payable
    		1,592,935,000 1,594,765,000 1,593,803,000 1,630,690,000 1,633,414,000 1,634,838,000 1,633,870,000 1,632,902,000 1,634,726,000 1,913,069,000 1,968,243,000 1,953,438,000 1,967,827,000 1,944,404,000 2,193,199,000 2,191,201,000 2,281,165,000 2,280,251,000 2,270,700,000 2,293,890,000 2,313,833,000 2,340,757,000 1,940,745,000 1,941,610,000 2,894,325,000 2,894,344,000 3,618,722,000 3,619,180,000 3,743,363,000 3,766,762,000 4,119,181,000 4,138,301,000 4,147,999,000 4,223,681,000 4,704,870,000 4,891,529,000 4,952,579,000 4,957,876,000 5,158,091,000 5,167,626,000 5,174,166,000 4,004,496,000 4,056,976,000 4,136,848,000 4,352,372,000 4,583,545,000 4,762,896,000 4,845,244,000 4,754,601,000 4,825,356,000 4,783,446,000 5,036,930,000 4,096,357,000 3,605,971,000 3,576,301,000 3,178,223,000 3,157,088,000 3,455,316,000 3,379,289,000 3,323,932,000 3,203,644,000 3,106,010,000 3,166,739,000 3,274,088,000 
      notes
    		5,996,686,000 5,994,914,000 5,949,081,000 5,947,376,000 5,945,670,000 5,351,461,000 5,349,938,000 5,348,417,000 5,346,895,000 5,345,373,000 5,343,851,000 5,342,329,000 5,340,807,000 5,838,693,000 5,836,957,000 5,835,222,000 5,833,483,000 5,338,671,000 5,337,103,000 5,335,536,000 6,082,897,000 6,081,102,000 6,079,308,000 6,077,513,000 5,532,637,000 5,530,815,000 5,038,812,000 5,143,248,000 4,456,365,000 4,848,477,000 4,848,079,000 4,360,486,000 4,362,995,000 4,360,137,000 5,876,352,000 5,881,794,000 5,875,328,000 5,430,806,000 5,923,952,000 5,477,656,000 5,477,088,000 5,354,768,000 5,355,590,000 4,614,323,000 5,096,250,000 5,092,967,000 5,185,180,000 5,185,283,000 4,584,800,000 4,578,377,000 4,609,124,000 5,464,316,000 5,767,075,000 5,763,762,000 5,311,232,000 4,419,433,000 4,469,043,000 3,839,475,000 3,442,784,000 3,443,588,000 3,021,015,000 3,138,783,000 3,143,067,000 3,071,831,000 
      line of credit and commercial paper
    		846,166,000 782,147,000 304,000,000 543,679,000 786,561,000 170,884,000 225,921,000 409,131,000 497,636,000 184,474,000  129,955,000 189,557,000 184,946,000 129,995,000 315,030,000 30,000,000 631,770,000 429,753,000 414,830,000   612,651,000 1,017,833,000 345,807,000 234,318,000 299,757,000 229,844,000 764,361,000 314,686,000 19,998,000    387,276,000 29,996,000  470,826,000                           
      accounts payable and accrued expenses
    		154,003,000 108,792,000 149,342,000 99,347,000 165,787,000 114,413,000 146,072,000 104,430,000 164,975,000 118,316,000 144,660,000 96,028,000 175,843,000 119,402,000 157,681,000 107,013,000 166,522,000 114,288,000 168,028,000 107,366,000 158,611,000 109,776,000 165,696,000 94,350,000 146,415,000 167,481,000 114,766,000 167,984,000 137,920,000 165,640,000 147,482,000 199,795,000 186,629,000 215,817,000 187,124,000 253,027,000 193,096,000 202,110,000 168,225,000 161,838,000 118,791,000 72,647,000 77,055,000 97,845,000 69,118,000 80,385,000 39,452,000 111,121,000 81,791,000 95,046,000 58,537,000 108,463,000 154,323,000 109,385,000 154,363,000 100,605,000 146,091,000 105,108,000 108,855,000 124,908,000 104,751,000 94,281,000 87,422,000 119,821,000 
      accrued interest payable
    		54,644,000 75,694,000 50,316,000 74,176,000 50,633,000 65,585,000 49,190,000 65,716,000 47,519,000 66,238,000 49,776,000 66,310,000 49,652,000 69,037,000 56,876,000 69,510,000 56,777,000 65,814,000 55,489,000 65,896,000 65,669,000 67,589,000 65,925,000 66,852,000 63,341,000 69,753,000 58,035,000 72,811,000 48,823,000 74,383,000 60,946,000 69,441,000 58,175,000 69,404,000 85,221,000 86,083,000 87,131,000 84,670,000 78,389,000 78,140,000 78,309,000 82,695,000 79,489,000 69,895,000 92,584,000 71,972,000 98,631,000 71,374,000 97,273,000 68,895,000 101,849,000 113,846,000 78,697,000 124,717,000 89,922,000 91,172,000 73,174,000 70,016,000 78,441,000 64,201,000 71,251,000 63,553,000 70,411,000 68,557,000 
      lease liabilities
    		304,814,000 302,847,000 304,148,000 304,897,000 306,119,000 309,182,000 310,422,000 311,640,000 312,781,000 313,866,000 314,854,000 308,748,000 309,548,000 310,513,000 311,293,000 312,335,000 313,361,000 314,379,000 316,838,000 329,130,000 329,684,000 330,135,000 330,713,000 331,334,000                                         
      other liabilities
    		298,336,000 290,101,000 274,374,000 310,559,000 294,543,000 292,424,000 274,919,000 255,543,000 231,652,000 294,263,000 283,418,000 306,941,000 287,955,000 292,205,000 303,654,000 353,102,000 350,201,000 341,817,000 335,664,000 345,064,000 331,522,000 315,208,000 298,992,000 346,963,000 344,159,000 335,957,000 341,852,000 332,650,000 324,002,000 308,466,000 350,466,000 353,605,000 333,551,000 347,553,000 366,387,000 353,106,000 355,632,000 383,057,000 331,662,000 321,043,000 347,748,000 430,650,000 261,448,000 409,591,000 306,503,000 260,873,000 304,202,000 341,209,000 312,119,000 251,970,000 272,236,000 289,562,000 288,234,000 322,975,000 314,696,000          
      security deposits
    		82,577,000 81,179,000 77,312,000 75,611,000 74,350,000 69,848,000 68,818,000 69,178,000 69,498,000 69,427,000 68,728,000 68,940,000 69,247,000 69,609,000 67,515,000 66,141,000 64,617,000 62,228,000 60,939,000 60,480,000 61,453,000 64,005,000 69,074,000 70,062,000 66,800,000 64,748,000 65,009,000 65,230,000 63,648,000 63,124,000 62,624,000 64,060,000 64,242,000 63,592,000 77,582,000 76,934,000 76,112,000 75,294,000 74,508,000 72,735,000 71,592,000 68,265,000 65,468,000 62,073,000 60,779,000 60,784,000 60,812,000 62,549,000 62,568,000 62,637,000 59,264,000 64,355,000 63,186,000 62,159,000 62,196,000 58,072,000 63,901,000 56,716,000 54,823,000 49,977,000 49,995,000 49,225,000 49,501,000 48,741,000 
      distributions payable
    		269,873,000 270,695,000 270,679,000 263,494,000 263,425,000 263,668,000 263,615,000 259,231,000 259,624,000 258,841,000 258,992,000 244,621,000 242,695,000 242,667,000 242,574,000 233,502,000 233,306,000 232,958,000 232,737,000 232,262,000 232,237,000 232,208,000 232,186,000 218,326,000 206,829,000 206,794,000 192,828,000 192,569,000 191,717,000 191,641,000 192,296,000 1,331,363,000 191,403,000 191,313,000 209,378,000 209,086,000 209,041,000 208,954,000 187,906,000 187,759,000 243,511,000 109,463,000 109,043,000 106,673,000 106,566,000 106,020,000 140,905,000 102,653,000 102,520,000 102,106,000 100,266,000 141,843,000 141,379,000 141,244,000 137,259,000 151,382,000 144,758,000 145,116,000 145,812,000 143,572,000 143,296,000 143,166,000 142,437,000 141,873,000 
      total liabilities
    		9,600,034,000 9,501,134,000 8,973,055,000 9,249,829,000 9,520,502,000 8,272,303,000 8,322,765,000 8,456,188,000 8,565,306,000 8,563,867,000 8,432,522,000 8,517,310,000 8,633,131,000 9,071,476,000 9,299,744,000 9,483,056,000 9,329,432,000 9,382,176,000 9,207,251,000 9,184,454,000 9,575,906,000 9,540,780,000 9,795,290,000 10,164,843,000 9,600,313,000 9,504,210,000 9,729,781,000 9,823,516,000 9,730,199,000 9,733,179,000 9,801,072,000 10,517,051,000 9,344,994,000 9,471,497,000 11,894,190,000 11,781,555,000 11,748,919,000 11,813,593,000 11,922,733,000 11,764,797,000 11,626,205,000 10,157,984,000 10,005,069,000 9,523,248,000 10,084,172,000 10,256,546,000 10,592,078,000 10,865,433,000 10,315,672,000 10,075,387,000 9,984,722,000 11,219,315,000 10,589,251,000 10,269,213,000 10,285,969,000 8,766,538,000 9,048,895,000 8,122,956,000 8,281,422,000 7,641,072,000 7,294,236,000 7,009,835,000 7,037,165,000 6,983,049,000 
      commitments and contingencies
    		                                                                
      redeemable noncontrolling interests – operating partnership
    		181,625,000 317,905,000 337,699,000 338,563,000 351,803,000 327,641,000 298,219,000 289,248,000 277,782,000 355,319,000 323,551,000 318,273,000 370,537,000 398,188,000 495,760,000 498,977,000 459,933,000 440,123,000 409,523,000 338,951,000 293,706,000 336,695,000 353,342,000 463,400,000 366,483,000 354,567,000 366,955,000 380,541,000 380,519,000 359,733,000 442,092,000 441,892,000 478,324,000 521,080,000 566,783,000 522,585,000 488,178,000 541,866,000 440,050,000 405,276,000 363,144,000 452,203,000 457,224,000 378,798,000 438,141,000  383,540,000  313,735,000 295,985,000 258,280,000              
      equity:
    		                                                                
      shareholders' equity:
    		                                                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of september 30, 2025 and december 31, 2024
    		17,155,000                                                                
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 380,546,634 shares issued and outstanding as of september 30, 2025 and 379,475,383 shares issued and outstanding as of december 31, 2024
    		3,805,000                                                                
      paid in capital
    		9,801,972,000 9,656,272,000 9,622,470,000 9,611,826,000 9,584,539,000 9,590,105,000 9,603,743,000 9,601,866,000 9,589,057,000 9,472,628,000 9,488,320,000 9,476,085,000 9,267,450,000 9,229,738,000 9,142,969,000 9,121,122,000 9,131,078,000 9,110,121,000 9,083,346,000 9,128,599,000 9,166,018,000 9,118,332,000 9,092,441,000 8,965,577,000 8,905,184,000 8,910,306,000 8,886,586,000 8,848,739,000 8,838,804,000 8,846,997,000 8,758,422,000 8,741,846,000 8,718,365,000 8,658,169,000 8,572,365,000 8,584,143,000 8,607,889,000 8,539,115,000 8,527,380,000 8,541,046,000 8,561,500,000 5,226,088,000 5,152,975,000 5,032,863,000 4,947,467,000 4,898,435,000 4,741,521,000 4,503,250,000 4,524,359,000 4,508,322,000 4,477,426,000 4,340,138,000 4,279,587,000 4,266,538,000 4,324,541,000 5,349,194,000 5,311,347,000 5,272,754,000 5,253,188,000 5,207,399,000 5,172,247,000 5,150,387,000 5,112,311,000 5,055,784,000 
      retained earnings
    		1,260,124,000 1,329,379,000 1,400,511,000 1,407,570,000 1,244,953,000 1,357,922,000 1,436,671,000 1,437,185,000 1,426,632,000 1,506,460,000 1,619,131,000 1,658,837,000 1,737,107,000 1,649,960,000 1,661,705,000 1,827,063,000 1,527,115,000 1,321,875,000 1,231,808,000 1,399,715,000 1,371,938,000 1,505,694,000 1,469,821,000 1,386,495,000 1,329,600,000 1,415,638,000 1,403,530,000 1,464,249,000 1,511,899,000 1,501,654,000 1,543,626,000 1,451,452,000 2,524,788,000 2,490,861,000 2,009,091,000 2,007,590,000 2,012,909,000 1,928,449,000 1,875,732,000 1,944,798,000 2,047,258,000 654,235,000 656,001,000 684,902,000 680,619,000 228,092,000 203,581,000 150,344,000 220,965,000 310,276,000 353,659,000 481,441,000 606,045,000 599,504,000 609,991,000 159,528,000         
      accumulated other comprehensive income
    		1,893,000 1,615,000 3,396,000 4,214,000 3,534,000 6,914,000 6,314,000 5,704,000 5,099,000 3,708,000 -11,232,000 -2,547,000 -872,000 -30,650,000 -31,847,000 -34,272,000 -36,666,000 -39,029,000 -41,363,000 -43,666,000 -61,478,000 -67,355,000 -72,896,000 -77,563,000 -67,310,000 -77,734,000 -88,612,000                    -57,818,000 -116,464,000 -79,666,000 -8,255,000 4,681,000              
      total shareholders’ equity
    		11,084,949,000 11,008,221,000 11,047,330,000 11,044,560,000 10,853,975,000 10,975,887,000 11,067,672,000 11,085,828,000 11,061,865,000 11,023,866,000 11,137,288,000 11,173,439,000 11,044,727,000 10,890,089,000 10,813,867,000 10,954,948,000 10,662,557,000 10,433,991,000 10,314,800,000 10,525,651,000 10,517,480,000 10,597,673,000 10,530,367,000 10,315,506,000 10,208,437,000 10,289,172,000 10,242,464,000 10,259,269,000 10,290,505,000 10,280,276,000 10,229,078,000 10,115,505,000 11,160,578,000 11,063,772,000 10,470,368,000 10,478,534,000 10,500,764,000 10,331,362,000 10,289,738,000 10,376,561,000 10,507,201,000 5,885,258,000 5,822,008,000 5,735,699,000 5,750,496,000 5,278,838,000 5,090,186,000 4,748,623,000 4,877,178,000 5,021,928,000 5,047,339,000 4,997,294,000 5,072,948,000 5,062,518,000 5,138,940,000 5,884,222,000 5,524,585,000 5,655,107,000 5,395,340,000 5,259,820,000 5,212,882,000 5,201,595,000 5,072,528,000 5,014,000,000 
      noncontrolling interests:
    		                                                                
      operating partnership
    		200,246,000 202,717,000 207,090,000 201,942,000 199,206,000 204,032,000 207,272,000 202,306,000 205,845,000 207,405,000 211,718,000 209,961,000 218,577,000 216,326,000 217,451,000 214,094,000 208,955,000 205,691,000 234,969,000 233,162,000 232,516,000 235,169,000 235,580,000 227,837,000 232,995,000 234,628,000 226,691,000 228,332,000 229,049,000 228,762,000 221,297,000 219,102,000 241,748,000 240,544,000 221,379,000 221,487,000 221,601,000 219,566,000 213,038,000 215,339,000 211,412,000 144,521,000 123,031,000 120,786,000 122,018,000 115,924,000 110,399,000 106,531,000 108,989,000 114,714,000 116,120,000 292,797,000 323,645,000 331,626,000 337,613,000 372,961,000 361,060,000 358,626,000 345,034,000 340,037,000 333,545,000 333,225,000 319,841,000 319,166,000 
      partially owned properties
    		-1,791,000 -2,463,000 -2,989,000 -718,000 335,000 -295,000 -1,131,000 994,000 -1,823,000 -4,728,000 -2,553,000 -721,000 -1,567,000 -1,734,000 3,415,000 18,166,000 2,138,000 2,365,000 2,472,000 4,673,000 4,370,000 4,634,000 4,739,000 1,183,000 -1,646,000 1,293,000 4,708,000 6,175,000 6,303,000 6,388,000 10,609,000 4,194,000 4,278,000 4,399,000 4,608,000 4,643,000 122,368,000 122,661,000 125,843,000 127,658,000 126,583,000 74,446,000 73,915,000 -1,714,000 3,295,000 7,687,000 7,991,000 8,540,000 9,698,000 10,399,000 11,054,000 25,520,000 24,917,000 26,236,000 26,879,000 26,814,000 23,842,000 19,034,000 16,965,000 10,716,000 7,189,000 12,496,000 9,557,000 11,059,000 
      total noncontrolling interests
    		198,455,000 200,254,000 204,101,000 201,224,000 199,541,000 203,737,000 206,141,000 203,300,000 204,022,000 202,677,000 209,165,000 209,240,000 217,010,000 214,592,000 220,866,000 232,260,000 211,093,000 208,056,000 237,441,000 237,835,000 236,886,000 239,803,000 240,319,000 229,020,000 231,349,000 235,921,000 231,399,000 234,507,000 235,352,000 235,150,000 231,906,000 223,296,000 246,026,000 244,943,000 225,987,000 226,130,000 343,969,000 342,227,000 338,881,000 342,997,000 337,995,000 218,967,000 196,946,000 119,072,000 125,313,000 123,611,000 118,390,000 115,071,000 118,687,000 125,113,000 127,174,000              
      total equity
    		11,283,404,000 11,208,475,000 11,251,431,000 11,245,784,000 11,053,516,000 11,179,624,000 11,273,813,000 11,289,128,000 11,265,887,000 11,226,543,000 11,346,453,000 11,382,679,000 11,261,737,000 11,104,681,000 11,034,733,000 11,187,208,000 10,873,650,000 10,642,047,000 10,552,241,000 10,763,486,000 10,754,366,000 10,837,476,000 10,770,686,000 10,544,526,000 10,439,786,000 10,525,093,000 10,473,863,000 10,493,776,000 10,525,857,000 10,515,426,000 10,460,984,000 10,338,801,000 11,406,604,000 11,308,715,000 10,696,355,000 10,704,664,000 10,844,733,000 10,673,589,000 10,628,619,000 10,719,558,000 10,845,196,000 6,104,225,000 6,018,954,000 5,854,771,000 5,875,809,000 5,402,449,000 5,208,576,000 4,863,694,000 4,995,865,000 5,147,041,000 5,174,513,000              
      total liabilities and equity
    		21,065,063,000 21,027,514,000 20,562,185,000 20,834,176,000 20,925,821,000 19,779,568,000 19,894,797,000 20,034,564,000 20,108,975,000 20,145,729,000 20,102,526,000 20,218,262,000 20,265,405,000 20,574,345,000 20,830,237,000 21,169,241,000 20,663,015,000 20,464,346,000 20,169,015,000 20,286,891,000 20,623,978,000 20,714,951,000 20,919,318,000 21,172,769,000 20,406,582,000 20,383,870,000 20,570,599,000 20,697,833,000 20,636,575,000 20,608,338,000 20,704,148,000 21,297,744,000 21,229,922,000 21,301,292,000 23,157,328,000 23,008,804,000 23,081,830,000 23,029,048,000 22,991,402,000 22,889,631,000 22,834,545,000 16,714,412,000 16,481,247,000 15,756,817,000 16,398,122,000 16,075,329,000 16,184,194,000 16,086,829,000 15,625,272,000 15,518,413,000 15,417,515,000              
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of june 30, 2025 and december 31, 2024
    		 17,155,000                                                               
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,980,440 shares issued and outstanding as of june 30, 2025 and 379,475,383 shares issued and outstanding as of december 31, 2024
    		 3,800,000                                                               
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of march 31, 2025 and december 31, 2024
    		  17,155,000                                                              
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,840,678 shares issued and outstanding as of march 31, 2025 and 379,475,383 shares issued and outstanding as of december 31, 2024
    		  3,798,000                                                              
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of december 31, 2024 and 745,600 shares issued and outstanding as of december 31, 2023
    		   17,155,000                                                             
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,475,383 shares issued and outstanding as of december 31, 2024 and 379,291,417 shares issued and outstanding as of december 31, 2023
    		   3,795,000                                                             
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of september 30, 2024 and 745,600 shares issued and outstanding as of december 31, 2023
    		    17,155,000                                                            
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,354,738 shares issued and outstanding as of september 30, 2024 and 379,291,417 shares issued and outstanding as of december 31, 2023
    		    3,794,000                                                            
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of june 30, 2024 and 745,600 shares issued and outstanding as of december 31, 2023
    		     17,155,000                                                           
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,086,882 shares issued and outstanding as of june 30, 2024 and 379,291,417 shares issued and outstanding as of december 31, 2023
    		     3,791,000                                                           
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of march 31, 2024 and 745,600 shares issued and outstanding as of december 31, 2023
    		      17,155,000                                                          
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 378,939,751 shares issued and outstanding as of march 31, 2024 and 379,291,417 shares issued and outstanding as of december 31, 2023
    		      3,789,000                                                          
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2023 and december 31, 2022
    		       37,280,000                                                         
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,291,417 shares issued and outstanding as of december 31, 2023 and 378,429,708 shares issued and outstanding as of december 31, 2022
    		       3,793,000                                                         
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2023 and december 31, 2022
    		        37,280,000                                                        
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,723,838 shares issued and outstanding as of september 30, 2023 and 378,429,708 shares issued and outstanding as of december 31, 2022
    		        3,797,000                                                        
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2023 and december 31, 2022
    		         37,280,000                                                       
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 379,032,722 shares issued and outstanding as of june 30, 2023 and 378,429,708 shares issued and outstanding as of december 31, 2022
    		         3,790,000                                                       
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2023 and december 31, 2022
    		          37,280,000                                                      
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 378,898,221 shares issued and outstanding as of march 31, 2023 and 378,429,708 shares issued and outstanding as of december 31, 2022
    		          3,789,000                                                      
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2022 and december 31, 2021
    		           37,280,000                                                     
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 378,429,708 shares issued and outstanding as of december 31, 2022 and 375,527,195 shares issued and outstanding as of december 31, 2021
    		           3,784,000                                                     
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2022 and december 31, 2021
    		            37,280,000                                                    
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 376,169,253 shares issued and outstanding as of september 30, 2022 and 375,527,195 shares issued and outstanding as of december 31, 2021
    		            3,762,000                                                    
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2022 and december 31, 2021
    		             37,280,000                                                   
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 376,118,433 shares issued and outstanding as of june 30, 2022 and 375,527,195 shares issued and outstanding as of december 31, 2021
    		             3,761,000                                                   
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2022 and december 31, 2021
    		              37,280,000                                                  
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 375,974,070 shares issued and outstanding as of march 31, 2022 and 375,527,195 shares issued and outstanding as of december 31, 2021
    		              3,760,000                                                  
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2021 and december 31, 2020
    		               37,280,000                                                 
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 375,527,195 shares issued and outstanding as of december 31, 2021 and 372,302,000 shares issued and outstanding as of december 31, 2020
    		               3,755,000                                                 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2021 and december 31, 2020
    		                37,280,000                                                
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 375,002,588 shares issued and outstanding as of september 30, 2021 and 372,302,000 shares issued and outstanding as of december 31, 2020
    		                3,750,000                                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2021 and december 31, 2020
    		                 37,280,000                                               
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 374,354,830 shares issued and outstanding as of june 30, 2021 and 372,302,000 shares issued and outstanding as of december 31, 2020
    		                 3,744,000                                               
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2021 and december 31, 2020
    		                  37,280,000                                              
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 372,917,413 shares issued and outstanding as of march 31, 2021 and 372,302,000 shares issued and outstanding as of december 31, 2020
    		                  3,729,000                                              
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2020 and december 31, 2019
    		                   37,280,000                                             
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 372,302,000 shares issued and outstanding as of december 31, 2020 and 371,670,884 shares issued and outstanding as of december 31, 2019
    		                   3,723,000                                             
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2020 and december 31, 2019
    		                    37,280,000                                            
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 372,239,249 shares issued and outstanding as of september 30, 2020 and 371,670,884 shares issued and outstanding as of december 31, 2019
    		                    3,722,000                                            
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2020 and december 31, 2019
    		                     37,280,000                                           
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 372,209,012 shares issued and outstanding as of june 30, 2020 and 371,670,884 shares issued and outstanding as of december 31, 2019
    		                     3,722,000                                           
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2020 and december 31, 2019
    		                      37,280,000                                          
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 372,104,054 shares issued and outstanding as of march 31, 2020 and 371,670,884 shares issued and outstanding as of december 31, 2019
    		                      3,721,000                                          
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2019 and december 31, 2018
    		                       37,280,000                                         
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 371,670,884 shares issued and outstanding as of december 31, 2019 and 369,405,161 shares issued and outstanding as of december 31, 2018
    		                       3,717,000                                         
      shareholders’ equity:
    		                                                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2018 and december 31, 2017
    		                        37,280,000                                        
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 368,278,336 shares issued and outstanding as of june 30, 2018 and 368,018,082 shares issued and outstanding as of december 31, 2017
    		                        3,683,000                                        
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2018 and december 31, 2017
    		                         37,280,000                                       
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 368,211,911 shares issued and outstanding as of march 31, 2018 and 368,018,082 shares issued and outstanding as of december 31, 2017
    		                         3,682,000                                       
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2017 and december 31, 2016
    		                          37,280,000                                      
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 368,018,082 shares issued and outstanding as of december 31, 2017 and 365,870,924 shares issued and outstanding as of december 31, 2016
    		                          3,680,000                                      
      deposits – restricted
    		                           36,639,000 254,378,000 76,053,000 76,946,000 129,569,000 77,587,000 241,741,000 55,893,000 135,674,000 103,508,000 203,800,000 84,408,000 91,081,000 103,567,000 193,892,000 182,182,000 369,461,000 361,831,000  180,987,000  108,654,000 163,378,000 352,008,000 152,372,000 216,213,000 253,276,000 449,672,000 391,825,000   77,093,000 305,366,000 172,106,000 185,162,000 82,194,000 83,668,000 
      escrow deposits – mortgage
    		                           10,972,000 21,016,000 68,031,000 64,935,000 62,994,000 61,711,000 59,355,000 56,946,000 54,071,000 52,862,000 50,659,000 45,269,000 43,995,000 42,636,000 9,139,000 11,428,000 10,677,000 10,905,000  12,593,000  17,995,000 20,675,000 17,292,000 19,729,000 19,912,000 20,174,000 23,042,000 25,528,000   35,225,000 36,389,000 34,586,000 36,648,000 35,800,000 43,996,000 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2017 and december 31, 2016
    		                           37,280,000                                     
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 367,462,480 shares issued and outstanding as of september 30, 2017 and 365,870,924 shares issued and outstanding as of december 31, 2016
    		                           3,675,000                                     
      accumulated other comprehensive
    		                           -94,674,000 -101,151,000 -109,326,000 -113,909,000 -118,730,000 -123,511,000 -126,193,000 -152,016,000 -157,020,000 -163,855,000 -180,022,000 -166,990,000 -162,894,000 -155,162,000 -198,075,000 -189,973,000 -185,032,000 -80,553,000 -50,634,000                   
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2017 and december 31, 2016
    		                            37,280,000                                    
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 367,298,765 shares issued and outstanding as of june 30, 2017 and 365,870,924 shares issued and outstanding as of december 31, 2016
    		                            3,673,000                                    
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2017 and december 31, 2016
    		                             37,280,000                                   
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 367,137,757 shares issued and outstanding as of march 31, 2017 and 365,870,924 shares issued and outstanding as of december 31, 2016
    		                             3,671,000                                   
      real estate held for sale
    		                                  2,181,135,000                      646,155,000        
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2016 and december 31, 2015
    		                              37,280,000                                  
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 365,870,924 shares issued and outstanding as of december 31, 2016 and 364,755,444 shares issued and outstanding as of december 31, 2015
    		                              3,659,000                                  
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of september 30, 2016 and december 31, 2015
    		                               37,280,000                                 
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 365,657,065 shares issued and outstanding as of september 30, 2016 and 364,755,444 shares issued and outstanding as of december 31, 2015
    		                               3,657,000                                 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of june 30, 2016 and december 31, 2015
    		                                37,280,000                                
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 365,550,636 shares issued and outstanding as of june 30, 2016 and 364,755,444 shares issued and outstanding as of december 31, 2015
    		                                3,656,000                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of march 31, 2016 and december 31, 2015
    		                                 37,280,000                               
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 365,496,019 shares issued and outstanding as of march 31, 2016 and 364,755,444 shares issued and outstanding as of december 31, 2015
    		                                 3,655,000                               
      deferred financing costs
    		                                  54,004,000 57,001,000 59,605,000 55,791,000 63,441,000 55,754,000 58,486,000 41,854,000 45,861,000 37,334,000 35,451,000 39,182,000 42,033,000 44,488,000 41,862,000 44,034,000 46,396,000 53,817,000 57,325,000 56,271,000 56,227,000 43,384,000 43,957,000 42,575,000 40,636,000 40,041,000 38,242,000 33,352,000 34,986,000 34,764,000 
      preferred shares of beneficial interest, 0.01 par value;
    		                                                                
      100,000,000 shares authorized; 745,600 shares issued and outstanding as of december 31, 2015 and 1,000,000 shares issued and outstanding as of december 31, 2014
    		                                  37,280,000                              
      common shares of beneficial interest, 0.01 par value;
    		                                                                
      1,000,000,000 shares authorized; 364,755,444 shares issued and outstanding as of december 31, 2015 and 362,855,454 shares issued and outstanding as of december 31, 2014
    		                                  3,648,000                              
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 803,600 shares issued and outstanding as of september 30, 2015 and 1,000,000 shares issued and outstanding as of december 31, 2014
    		                                   40,180,000                             
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 364,140,040 shares issued and outstanding as of september 30, 2015 and 362,855,454 shares issued and outstanding as of december 31, 2014
    		                                   3,641,000                             
      100,000,000 shares authorized; 803,600 shares issued and outstanding as of june 30, 2015 and 1,000,000 shares issued and outstanding as of december 31, 2014
    		                                    40,180,000                            
      1,000,000,000 shares authorized; 364,050,890 shares issued and outstanding as of june 30, 2015 and 362,855,454 shares issued and outstanding as of december 31, 2014
    		                                    3,641,000                            
      100,000,000 shares authorized; 803,600 shares issued and outstanding as of march 31, 2015 and 1,000,000 shares issued and outstanding as of december 31, 2014
    		                                     40,180,000                           
      1,000,000,000 shares authorized; 363,968,420 shares issued and outstanding as of march 31, 2015 and 362,855,454 shares issued and outstanding as of december 31, 2014
    		                                     3,640,000                           
      lines of credit
    		                                       298,000,000 115,000,000 35,000,000  26,000,000    146,000,000 320,000,000 91,000,000    139,000,000 640,000,000 460,000,000 506,000,000 145,000,000 769,000,000      
      100,000,000 shares authorized; 1,000,000 shares issued and outstanding as of june 30, 2014 and december 31, 2013
    		                                      50,000,000                          
      1,000,000,000 shares authorized; 361,562,007 shares issued and outstanding as of june 30, 2014 and 360,479,260 shares issued and outstanding as of december 31, 2013
    		                                      3,616,000                          
      100,000,000 shares authorized; 1,000,000 shares issued and outstanding as of march 31, 2014 and december 31, 2013
    		                                       50,000,000                         
      1,000,000,000 shares authorized; 361,148,189 shares issued and outstanding as of march 31, 2014 and 360,479,260 shares issued and outstanding as of december 31, 2013
    		                                       3,611,000                         
      100,000,000 shares authorized; 1,000,000 shares issued and outstanding as of december 31, 2013 and december 31, 2012
    		                                        50,000,000                        
      1,000,000,000 shares authorized; 360,479,260 shares issued and outstanding as of december 31, 2013 and 325,054,654 shares issued and outstanding as of december 31, 2012
    		                                        3,605,000                        
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of june 30, 2012 and december 31, 2011
    		                                         200,000,000                       
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 300,961,645 shares issued and outstanding as of june 30, 2012 and 297,508,185 shares issued and outstanding as of december 31, 2011
    		                                         3,010,000                       
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of march 31, 2012 and december 31, 2011
    		                                          200,000,000                      
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 300,522,169 shares issued and outstanding as of march 31, 2012 and 297,508,185 shares issued and outstanding as of december 31, 2011
    		                                          3,005,000                      
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of september 30, 2011 and december 31, 2010
    		                                           200,000,000                     
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 296,620,833 shares issued and outstanding as of september 30, 2011 and 290,197,242 shares issued and outstanding as of december 31, 2010
    		                                           2,966,000                     
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of june 30, 2011 and december 31, 2010
    		                                            200,000,000                    
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 296,280,085 shares issued and outstanding as of june 30, 2011 and 290,197,242 shares issued and outstanding as of december 31, 2010
    		                                            2,963,000                    
      deposits — restricted
    		                                             309,605,000  109,608,000         96,567,000 125,662,000       
      escrow deposits — mortgage
    		                                             12,087,000  19,632,000         32,410,000 32,234,000       
      redeemable noncontrolling interests — operating partnership
    		                                             416,334,000  357,702,000                 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of march 31, 2011 and december 31, 2010
    		                                             200,000,000                   
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 294,522,273 shares issued and outstanding as of march 31, 2011 and 290,197,242 shares issued and outstanding as of december 31, 2010
    		                                             2,945,000                   
      100,000,000 shares authorized; 1,600,000 shares issued
    		                                                                
      and outstanding as of december 31, 2010 and 1,950,925
    		                                                                
      shares issued and outstanding as of december 31, 2009
    		                                              200,000,000                  
      1,000,000,000 shares authorized; 290,197,242 shares issued
    		                                                                
      and outstanding as of december 31, 2010 and 279,959,048
    		                                                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,946,125 shares issued and outstanding as of september 30, 2010 and 1,950,925 shares issued and outstanding as of december 31, 2009
    		                                               208,653,000                 
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 283,971,112 shares issued and outstanding as of september 30, 2010 and 279,959,048 shares issued and outstanding as of december 31, 2009
    		                                               2,840,000                 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,947,425 shares issued and outstanding as of june 30, 2010 and 1,950,925 shares issued and outstanding as of december 31, 2009
    		                                                208,686,000                
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 283,442,674 shares issued and outstanding as of june 30, 2010 and 279,959,048 shares issued and outstanding as of december 31, 2009
    		                                                2,834,000                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,950,425 shares issued and outstanding as of march 31, 2010 and 1,950,925 shares issued and outstanding as of december 31, 2009
    		                                                 208,761,000               
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 282,404,498 shares issued and outstanding as of march 31, 2010 and 279,959,048 shares issued and outstanding as of december 31, 2009
    		                                                 2,824,000               
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,950,925 shares issued and outstanding as of december 31, 2009 and 1,951,475 shares issued and outstanding as of december 31, 2008
    		                                                  208,773,000              
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 279,959,048 shares issued and outstanding as of december 31, 2009 and 272,786,760 shares issued and outstanding as of december 31, 2008
    		                                                  2,800,000              
      preference interests and units
    		                                                   184,000 184,000 184,000 184,000 11,684,000 11,684,000        
      liabilities and shareholders’ equity
    		                                                                
      minority interests:
    		                                                                
      total minority interests
    		                                                   318,501,000 348,746,000 358,046,000 364,676,000 411,459,000 396,586,000 402,844,000 422,183,000 410,937,000 400,918,000 485,905,000 535,582,000 536,409,000 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,951,475 shares issued and outstanding as of december 31, 2008 and 1,986,475 shares issued and outstanding as of december 31, 2007
    		                                                   208,786,000             
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 272,786,760 shares issued and outstanding as of december 31, 2008 and 269,554,661 shares issued and outstanding as of december 31, 2007
    		                                                   2,728,000             
      accumulated other comprehensive loss
    		                                                   -35,799,000             
      total liabilities and shareholders’ equity
    		                                                   16,535,110,000 16,010,945,000 15,689,777,000 15,789,585,000 15,062,219,000 14,970,066,000 14,180,907,000 14,098,945,000 13,311,829,000 12,908,036,000 12,697,335,000 12,645,275,000 12,533,458,000 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,980,975 shares issued and outstanding as of march 31, 2008 and 1,986,475 shares issued and outstanding as of december 31, 2007
    		                                                    209,524,000            
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 270,502,249 shares issued and outstanding as of march 31, 2008 and 269,554,661 shares issued and outstanding as of december 31, 2007
    		                                                    2,705,000            
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,986,475 shares issued and outstanding as of december 31, 2007 and 2,762,950 shares issued and outstanding as of december 31, 2006
    		                                                     209,662,000           
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 269,554,661 shares issued and outstanding as of december 31, 2007 and 293,551,633 shares issued and outstanding as of december 31, 2006
    		                                                     2,696,000           
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 2,014,275 shares issued and outstanding as of september 30, 2007 and 2,762,950 shares issued and outstanding as of december 31, 2006
    		                                                      210,357,000          
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 271,060,946 shares issued and outstanding as of september 30, 2007 and 293,551,633 shares issued and outstanding as of december 31, 2006
    		                                                      2,711,000          
      rents receivable
    		                                                       390,000 1,452,000 1,364,000 789,000 940,000 942,000 348,000 1,681,000 3,209,000 
      goodwill
    		                                                        30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 
      rents received in advance and other liabilities
    		                                                       307,651,000 292,515,000 306,209,000 302,418,000 490,894,000 272,284,000 251,817,000 227,588,000 258,138,000 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 2,762,950 shares issued and outstanding as of december 31, 2006 and 3,323,830 shares issued and outstanding as of december 31, 2005
    		                                                       386,574,000         
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 293,551,633 shares issued and outstanding as of december 31, 2006 and 289,536,344 shares issued and outstanding as of december 31, 2005
    		                                                       2,936,000         
      mortgage notes payable, held for sale
    		                                                        196,325,000        
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 2,794,050 shares issued and outstanding as of september 30, 2006 and 3,323,830 shares issued and outstanding as of december 31, 2005
    		                                                        387,351,000        
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 292,132,743 shares issuedand outstanding as of september 30, 2006 and 289,536,344 shares issued and outstanding as of december 31, 2005
    		                                                        2,921,000        
      distributions in excess of accumulated earnings
    		                                                                
      construction in progress
    		                                                         336,822,000 405,133,000 330,965,000 403,068,000 357,826,000 317,903,000 280,229,000 
      preference interests
    		                                                         25,000,000 60,000,000 60,000,000 60,000,000 140,000,000 206,000,000 206,000,000 
      junior preference units
    		                                                         184,000 184,000 184,000 184,000 184,000 184,000 184,000 
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 3,284,250 shares issued and outstanding as of march 31, 2006 and 3,323,830 shares issued and outstanding as of december 31, 2005
    		                                                         503,106,000       
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 291,244,226 shares issued and outstanding as of march 31, 2006 and 289,536,344 shares issued and outstanding as of december 31, 2005
    		                                                         2,912,000       
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 3,323,830 shares issued and outstanding as of december 31, 2005 and 4,108,658 shares issued and outstanding as of december 31, 2004
    		                                                          504,096,000      
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 289,536,344 shares issued and outstanding as of december 31, 2005 and 285,076,915 shares issued and outstanding as of december 31, 2004
    		                                                          2,895,000      
      deferred compensation
    		                                                                
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 3,349,630 shares issued and outstanding as of september 30, 2005 and 4,108,658 shares issued and outstanding as of december 31, 2004
    		                                                           504,741,000     
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 288,165,764 shares issued and outstanding as of september 30, 2005 and 285,076,915 shares issued and outstanding as of december 31, 2004
    		                                                           2,882,000     
      line of credit
    		                                                            428,000,000 163,000,000 150,000,000  
      preferred shares of beneficial interest, 0.01 par value;100,000,000 shares authorized; 3,975,730 shares issued and outstanding as of june 30, 2005 and 4,108,658 shares issued and outstanding as of december 31, 2004
    		                                                            632,893,000    
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 287,144,333 shares issued and outstanding as of june 30, 2005 and 285,076,915 shares issued and outstanding as of december 31, 2004
    		                                                            2,871,000    
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 3,994,533 shares issued and outstanding as of march 31, 2005 and 4,108,658 shares issued and outstanding as of december 31, 2004
    		                                                             633,363,000   
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 286,616,340 shares issued and outstanding as of march 31, 2005 and 285,076,915 shares issued and outstanding as of december 31, 2004
    		                                                             2,866,000   
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 4,108,658 shares issued and outstanding as of december 31, 2004 and 5,496,518 shares issued and outstanding as of december 31, 2003
    		                                                              636,216,000  
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 285,076,915 shares issued and outstanding as of december 31, 2004 and 277,643,885 shares issued and outstanding as of december 31, 2003
    		                                                              2,851,000  
      preferred shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 4,726,399 shares issued and outstanding as of september 30, 2004 and 5,496,518 shares issued and outstanding as of december 31, 2003
    		                                                               651,660,000 
      common shares of beneficial interest, 0.01 par value; 1,000,000,000 shares authorized; 282,766,085 shares issued and outstanding as of september 30, 2004 and 277,643,885 shares issued and outstanding as of december 31, 2003
    		                                                               2,828,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.