7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 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 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 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 2015-09-30 2015-06-30 2010-06-30 2009-09-30 2009-06-30 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 
      
    		                                                   
      assets:
    		                                                   
      real estate, net of accumulated depreciation and amortization of 4,717,097 and 4,360,239, respectively
    		16,750,039,000                                                   
      investments in and advances to real estate joint ventures
    		1,454,358,000 1,466,874,000 1,476,841,000 1,492,211,000 1,501,267,000 1,516,851,000 1,087,804,000 1,098,822,000 1,098,336,000 1,092,477,000 1,091,551,000 1,092,351,000 1,083,509,000 1,013,940,000 1,006,899,000 1,178,511,000 595,283,000 592,791,000 590,694,000 589,672,000 585,363,000 585,591,000 578,118,000 585,467,000 584,983,000 566,928,000 570,922,000 580,737,000 568,698,000 560,068,000  509,448 506,449,000 504,847,000                  
      other investments
    		109,334,000 109,826,000 107,300,000 106,513,000 105,456,000 156,171,000 144,089,000 139,362,000 136,555,000 132,935,000 107,581,000 105,984,000 101,680,000 104,195,000 122,015,000 130,470,000                                    
      cash, cash equivalents and restricted cash
    		160,481,000 227,826,000 132,503,000 790,044,000                                                
      mortgage and other financing receivables
    		623,237,000 440,991,000 421,849,000                                                 
      accounts and notes receivable
    		351,719,000 339,351,000 339,311,000 320,361,000 306,790,000 308,275,000 307,617,000 288,499,000 294,608,000 303,063,000 304,226,000 269,887,000 260,140,000 253,687,000 254,677,000 235,082,000 200,121,000 200,655,000 219,248,000 239,864,000 250,150,000 220,215,000 218,689,000 191,436,000 182,369,000 183,650,000 184,528,000 183,440,000 180,451,000 184,533,000 189,757,000 182,012 176,907,000 176,054,000 181,823,000 171,474,000 172,702,000 174,005,000 172,758,000 177,768,000 116,038,000 106,840,000 102,750,000 109,710,000 104,158,000 99,326,000 88,017,000 84,274,000 90,364,000 84,672,000  
      operating lease right-of-use assets
    		129,217,000 130,768,000 124,925,000 130,914,000 131,083,000 132,712,000 128,258,000 128,534,000 130,287,000 132,020,000 133,733,000 135,429,000 144,092,000 145,784,000 147,458,000 149,203,000 99,924,000 101,433,000 102,369,000 94,807,000 96,437,000 97,790,000 99,125,000 98,210,000 99,997,000 104,177,000                          
      other assets
    		301,654,000 329,458,000 291,402,000 770,849,000 764,951,000 586,480,000 241,948,000 417,074,000 396,643,000 411,956,000 253,779,000 434,711,000 394,287,000 364,721,000 195,715,000 380,675,000 230,646,000 249,835,000 97,225,000 218,724,000 214,028,000 361,193,000 204,035,000 400,934,000 398,730,000 372,235,000 235,138,000 383,013,000 348,310,000 344,099,000 223,043,000 470,834 522,644,000 424,571,000 284,161,000 466,968,000 662,470,000 557,427,000 559,767,000 548,756,000 393,434,000 350,801,000 330,419,000 344,339,000 339,481,000 335,692,000 224,251,000 321,894,000 337,858,000 384,874,000  
      total assets
    		19,880,039,000 19,796,555,000 19,731,252,000 20,128,996,000 19,504,177,000 19,466,379,000 18,274,022,000 17,951,361,000 17,927,718,000 17,961,229,000 17,826,122,000 17,915,569,000 18,197,569,000 18,543,581,000 18,459,199,000 18,590,521,000 11,558,922,000 11,699,703,000 11,614,498,000 11,524,192,000 11,559,970,000 11,305,134,000 10,997,867,000 11,085,131,000 11,040,903,000 11,070,200,000 10,999,100,000 11,109,521,000 11,291,783,000 11,372,502,000 11,763,726,000 11,702,241 11,558,320,000 11,248,419,000 11,230,600,000 11,206,102,000 11,392,432,000 11,249,361,000 11,413,984,000 11,467,304,000 9,883,007,000 9,288,041,000 9,338,347,000 9,756,662,000 9,594,246,000 9,431,593,000 9,097,816,000 8,898,378,000 8,625,250,000 7,985,231,000  
      liabilities:
    		                                                   
      notes payable
    		7,754,717,000 7,717,229,000 7,579,983,000 7,966,940,000 7,337,253,000 7,242,570,000 7,262,851,000 6,772,111,000 6,775,080,000 6,778,050,000 6,780,969,000 6,909,382,000 7,056,644,000 7,110,804,000 7,027,050,000 7,034,047,000 5,047,529,000 5,045,868,000 5,044,208,000 5,042,737,000 4,961,972,000 5,303,656,000 4,831,759,000 4,829,996,000 4,420,370,000 4,383,413,000 4,381,456,000 4,409,500,000 4,591,178,000 4,597,967,000 4,596,140,000 4,700,423 4,520,055,000 4,053,158,000 3,927,251,000 3,786,921,000 3,728,629,000 3,660,666,000 3,852,640,000 3,768,945,000 2,976,260,000 2,854,958,000 2,832,538,000 3,247,729,000 3,625,088,000 3,429,439,000 3,131,765,000 3,618,192,000 3,414,047,000 2,749,253,000  
      mortgages payable
    		470,123,000 441,489,000 444,148,000 335,275,000 337,456,000 351,376,000 353,945,000 356,899,000 359,609,000 374,285,000 376,917,000 300,739,000 346,461,000 378,644,000 448,652,000 482,634,000 167,976,000 295,613,000           477,538,000 499,355,000 882,787,000 850,848 870,125,000 1,071,725,000 1,139,117,000 1,213,120,000 1,460,188,000 1,501,796,000 1,645,946,000 1,768,827,000 1,266,122,000 1,073,648,000 1,069,387,000 882,254,000 864,378,000 847,155,000 838,736,000 556,085,000 563,975,000 598,059,000  
      accounts payable and accrued expenses
    		316,485,000 257,321,000 257,542,000 309,272,000 251,737,000 239,725,000 216,237,000 261,693,000 207,545,000 203,053,000 207,815,000    220,308,000    146,457,000    170,082,000    174,903,000    185,702,000    145,751,000            161,526,000     
      dividends payable
    		6,364,000 6,364,000 6,373,000 6,722,000 6,722,000 6,722,000 5,308,000 5,308,000 5,308,000 5,322,000 5,326,000 5,326,000 5,326,000 5,366,000 5,366,000 5,366,000 5,366,000 5,366,000 5,366,000 5,366,000 5,366,000 126,473,000 126,274,000 126,203,000 130,460,000 130,444,000 130,262,000 130,263,000 130,262,000 132,209,000 128,892,000 123,270 124,679,000 124,680,000 124,517,000 118,136,000 116,857,000 116,631,000 111,480,000 111,455,000 76,755,000 34,425,000 34,403,000 128,964,000 113,423,000 113,181,000 112,052,000 103,976,000 93,697,000 93,607,000  
      operating lease liabilities
    		121,265,000 122,386,000 116,113,000 121,417,000 121,156,000 122,308,000 109,985,000 109,824,000 111,129,000 112,413,000 113,679,000 114,923,000 121,434,000 122,615,000 123,779,000 125,015,000 94,492,000 95,833,000 96,619,000 88,893,000 90,364,000 91,546,000 92,711,000 91,621,000 93,233,000 97,133,000                          
      other liabilities
    		526,083,000 533,790,000 546,492,000 646,619,000 653,236,000 665,383,000 599,961,000 630,245,000 620,706,000 609,266,000 601,574,000 732,081,000 682,697,000 697,510,000 510,382,000 772,251,000 455,560,000 510,704,000 324,538,000 517,185,000 477,545,000 488,168,000 346,183,000 556,515,000 520,557,000 553,327,000 385,328,000 615,613,000 587,676,000 624,423,000 431,915,000 603,417 521,797,000 542,279,000 404,137,000 569,107,000 555,299,000 566,206,000 621,521,000 591,097,000 409,231,000 416,072,000 384,863,000 443,628,000 395,507,000 435,093,000 265,090,000 455,611,000 419,141,000 389,318,000  
      total liabilities
    		9,195,037,000 9,078,579,000 8,950,651,000 9,386,245,000 8,707,560,000 8,628,084,000 8,548,287,000 8,136,080,000 8,079,377,000 8,082,389,000 8,086,280,000 8,062,451,000 8,212,562,000 8,314,939,000 8,335,537,000 8,419,313,000 5,770,923,000 5,953,384,000 5,928,460,000 5,968,822,000 5,923,653,000 6,414,722,000 6,051,017,000 6,086,967,000 5,649,752,000 5,649,658,000 5,564,365,000 5,633,350,000 5,786,654,000 5,853,954,000 6,225,436,000 6,277,958 6,036,656,000 5,791,842,000 5,740,773,000 5,687,284,000 5,860,973,000 5,845,299,000 6,231,587,000 6,240,324,000 4,746,248,000 4,422,643,000 4,557,934,000 4,968,666,000 5,248,703,000 5,087,344,000 4,755,083,000 4,976,061,000 4,704,053,000 4,112,441,000  
      redeemable noncontrolling interests
    		46,783,000 46,566,000 46,624,000 73,688,000 70,010,000 70,439,000 72,277,000 92,933,000 92,933,000 92,933,000 92,933,000 13,270,000 13,270,000 13,480,000 13,480,000 15,784,000 15,784,000 17,852,000 15,784,000 17,943,000 17,943,000 17,943,000 17,943,000 23,695,000 23,690,000 23,684,000 23,682,000 20,074,000 16,151,000 16,146,000 16,143,000 16,139 96,062,000 97,031,000 86,953,000 86,856,000 86,774,000 86,705,000 92,739,000 91,466,000 98,945,000 101,328,000 101,355,000         
      commitments and contingencies
    		                                                   
      stockholders' equity:
    		                                                   
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 20,748 and 20,806 shares, respectively; aggregate liquidation preference 553,196 and 556,113, respectively
    		21,000 21,000                                                  
      common stock
    		6,772,000 6,772,000 6,795,000 6,741,000 6,741,000 6,741,000 6,199,000 6,199,000 6,199,000 6,199,000 6,185,000 6,185,000 6,185,000 6,180,000 6,167,000 6,164,000 4,335,000 4,334,000 4,325,000 4,325,000 4,325,000 4,325,000 4,318,000 4,222,000 4,221,000 4,220,000 4,214,000 4,214,000 4,214,000 4,249,000 4,256,000 4,256 4,256,000 4,256,000 4,250,000 4,250,000 4,200,000 4,183,000 4,132,000 4,131,000 4,058,000 3,767,000          
      paid-in capital
    		10,984,725,000 10,979,077,000 11,025,904,000 10,917,003,000 10,914,084,000 10,906,300,000 9,638,494,000 9,628,660,000 9,621,686,000 9,614,913,000 9,618,271,000 9,611,382,000 9,605,163,000 9,589,955,000 9,591,871,000 9,579,517,000 5,771,179,000 5,763,868,000 5,766,511,000 5,759,104,000 5,752,658,000 5,747,277,000 5,765,233,000 5,781,371,000 6,125,572,000 6,119,855,000 6,117,254,000 6,117,339,000 6,117,862,000 6,164,185,000 6,152,764,000 5,926,392 5,930,633,000 5,927,172,000 5,922,958,000 5,919,856,000 5,768,093,000 5,721,011,000 5,770,970,000 5,767,830,000 5,286,491,000 4,946,357,000 4,938,825,000 4,139,789,000 3,708,983,000 3,692,493,000 3,677,509,000 3,227,560,000 3,211,398,000 3,203,877,000  
      cumulative distributions in excess of net income
    		-496,466,000 -457,405,000 -443,533,000 -387,067,000 -353,310,000 -303,302,000 -122,576,000 -51,377,000 -20,748,000        -68,265,000 -104,909,000 -162,812,000 -288,491,000 -200,492,000 -942,031,000 -904,679,000 -883,741,000 -835,934,000 -804,241,000 -787,707,000 -743,346,000 -710,981,000 -743,845,000 -761,337,000 -715,621 -709,671,000 -726,610,000 -676,867,000 -628,826,000 -465,348,000 -550,103,000 -832,746,000 -796,571,000 -416,777,000 -314,208,000 -319,891,000         
      accumulated other comprehensive (loss)/income
    		-8,844,000 -7,790,000 -911,000 -13,485,000                           -1,480,000                     
      total stockholders' equity
    		10,486,208,000 10,520,675,000 10,588,276,000 10,523,213,000 10,578,772,000 10,620,039,000 9,525,465,000 9,590,117,000 9,623,098,000 9,653,102,000 9,515,508,000 9,703,064,000 9,781,053,000 10,011,030,000 9,899,389,000 9,914,310,000 5,707,269,000 5,663,313,000 5,608,044,000 5,474,958,000 5,556,511,000 4,809,591,000 4,864,892,000 4,901,881,000 5,293,902,000 5,319,877,000 5,333,804,000 5,378,250,000 5,411,210,000 5,424,566,000 5,394,244,000 5,213,332 5,231,323,000 5,211,335,000 5,256,139,000 5,301,457,000 5,314,127,000 5,182,619,000 4,927,714,000 4,973,586,000 4,809,637,000 4,538,089,000 4,451,365,000 4,255,304,000 3,861,882,000 3,880,507,000 3,894,574,000     
      noncontrolling interests
    		152,011,000 150,735,000 145,701,000 145,850,000 147,835,000 147,817,000 127,993,000 132,231,000 132,310,000 132,805,000 131,401,000 136,784,000 190,684,000 204,132,000 210,793,000 241,114,000 64,946,000 65,154,000 62,210,000 62,469,000 61,863,000 62,878,000 64,015,000 72,588,000 73,559,000 76,981,000 77,249,000 77,847,000 77,768,000 77,836,000 127,903,000 194,812 194,279,000 148,211,000 146,735,000 130,505,000 130,558,000 134,738,000 161,944,000 161,928,000 228,177,000 225,981,000 227,693,000         
      total equity
    		10,638,219,000 10,671,410,000 10,733,977,000 10,669,063,000 10,726,607,000 10,767,856,000 9,653,458,000 9,722,348,000 9,755,408,000 9,785,907,000 9,646,909,000 9,839,848,000 9,971,737,000 10,215,162,000 10,110,182,000 10,155,424,000 5,772,215,000 5,728,467,000 5,670,254,000 5,537,427,000 5,618,374,000 4,872,469,000 4,928,907,000 4,974,469,000 5,367,461,000 5,396,858,000 5,411,053,000 5,456,097,000 5,488,978,000 5,502,402,000 5,522,147,000 5,408,144 5,425,602,000 5,359,546,000 5,402,874,000 5,431,962,000 5,444,685,000 5,317,357,000 5,089,658,000 5,135,514,000 5,037,814,000 4,764,070,000 4,679,058,000         
      total liabilities and equity
    		19,880,039,000 19,796,555,000 19,731,252,000 20,128,996,000 19,504,177,000 19,466,379,000 18,274,022,000 17,951,361,000 17,927,718,000 17,961,229,000 17,826,122,000 17,915,569,000 18,197,569,000 18,543,581,000 18,459,199,000 18,590,521,000 11,558,922,000 11,699,703,000 11,614,498,000 11,524,192,000 11,559,970,000 11,305,134,000 10,997,867,000 11,085,131,000 11,040,903,000 11,070,200,000 10,999,100,000 11,109,521,000 11,291,783,000 11,372,502,000 11,763,726,000 11,702,241 11,558,320,000 11,248,419,000 11,230,600,000 11,206,102,000 11,392,432,000 11,249,361,000 11,413,984,000 11,467,304,000 9,883,007,000 9,288,041,000 9,338,347,000         
      real estate, net of accumulated depreciation and amortization of 4,585,939 and 4,360,239, respectively
    		 16,751,461,000                                                  
      real estate, net of accumulated depreciation and amortization of 4,474,547 and 4,360,239, respectively
    		  16,837,121,000                                                 
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 20,759 and 20,806 shares, respectively; aggregate liquidation preference 553,762 and 556,113, respectively
    		  21,000                                                 
      real estate, net of accumulated depreciation and amortization of 4,225,563 and 3,842,869, respectively
    		   16,515,749,000                                                
      marketable securities
    		   2,355,000 1,612,000 2,737,000 330,057,000 327,135,000 314,826,000 451,583,000 597,732,000 999,094,000 1,073,706,000 1,334,873,000 1,211,739,000 1,249,125,000 792,136,000 767,989,000 706,954,000 556,791,000 633,551,000      10,302,000 12,026,000 13,131,000 11,627,000 13,265,000 14,044 14,487,000 7,702,000 8,101,000 8,141,000 7,006,000 5,716,000 12,189,000 24,251,000 208,611,000 218,627,000 246,099,000     213,385,000 228,579,000 219,836,000  
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 21,216 and 19,367 shares, respectively; aggregate liquidation preference 576,602 and 484,179, respectively
    		   21,000                                                
      real estate, net of accumulated depreciation and amortization of 4,094,777 and 3,842,869, respectively
    		    16,565,463,000                                               
      cash and cash equivalents
    		    127,555,000 136,767,000 783,757,000 424,262,000 536,477,000 329,177,000 149,829,000 123,531,000 296,798,000 370,318,000 334,663,000 483,471,000 230,062,000 253,852,000 293,188,000 324,977,000 201,687,000 451,796,000 123,947,000 141,310,000 113,991,000 143,673,000 143,581,000 146,386,000 305,577,000 218,313,000 238,513,000 156,588 143,099,000 167,454,000 142,486,000 170,545,000 337,815,000 222,000,000 180,913,000 145,832,000 135,283,000 140,757,000 188,925,000 124,091,000 123,183,000 150,961,000 87,499,000 45,439,000 109,531,000 120,044,000  
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 21,216 and 19,367 shares, respectively; aggregate liquidation preference 576,606 and 484,179, respectively
    		    21,000 21,000                                              
      accumulated other comprehensive income
    		    11,236,000 10,279,000 3,329,000 6,616,000 15,942,000 10,581,000 10,581,000 6,688,000 6,476,000 2,216,000 2,216,000                 -1,727 6,073,000 6,485,000 5,766,000 6,145,000 7,150,000 7,496,000 -14,744,000 -1,906,000 -65,019,000 -98,711,000 -172,217,000 -12,489,000 4,637,000 20,691,000 33,648,000 45,452,000 50,393,000 37,750,000  
      real estate, net of accumulated depreciation and amortization of 3,973,210 and 3,842,869, respectively
    		     16,626,386,000                                              
      real estate:
    		                                                   
      land
    		      4,177,797,000    4,124,542,000    3,978,775,000    2,781,888,000    2,788,155,000    2,822,691,000    3,019,284,000    2,845,186,000            1,262,879,000     
      building and improvements
    		      14,759,997,000    14,332,700,000    14,067,824,000    9,281,267,000    8,920,951,000    8,813,115,000    9,231,644,000    8,827,861,000            4,917,750,000     
      real estate
    		      18,937,794,000    18,457,242,000    18,046,599,000    12,063,155,000    11,709,106,000    11,635,806,000    10,220,393,000    9,729,783,000            6,347,591,000     
      less: accumulated depreciation and amortization
    		      -3,842,869,000    -3,417,414,000    -3,010,699,000    -2,717,114,000    -2,500,053,000    -2,385,287,000    -2,433,053,000    -2,278,292,000                 
      total real estate
    		      15,094,925,000    15,039,828,000    15,035,900,000    9,346,041,000    9,209,053,000    9,250,519,000                         
      deferred charges and prepaid expenses
    		      155,567,000    147,863,000    144,461,000    135,967,000    150,330,000    156,155,000    155,472,000    147,694,000            121,690,000     
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 19,367 and 19,435 shares, respectively; aggregate liquidation preference 484,179 and 485,868, respectively
    		      19,000 19,000 19,000                                           
      real estate, net of accumulated depreciation and amortization of 3,735,535 and 3,417,414, respectively
    		       15,127,673,000                                            
      real estate, net of accumulated depreciation and amortization of 3,631,686 and 3,417,414, respectively
    		        15,019,986,000                                           
      real estate, net of accumulated depreciation and amortization of 3,523,503 and 3,417,414, respectively
    		         15,108,018,000                                          
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 19,421 and 19,435 shares, respectively; aggregate liquidation preference 485,536 and 489,868, respectively
    		         19,000                                          
      retained earnings/
    		         21,390,000     299,115,000 328,609,000                                    
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 19,435 and 19,580 shares, respectively; aggregate liquidation preference 485,868 and 489,500, respectively
    		          19,000 19,000 19,000                                       
      (cumulative distributions in excess of net income)/retained earnings
    		          -119,548,000                                         
      real estate, net of accumulated depreciation and amortization of 3,336,473 and 3,010,699, respectively
    		           14,748,910,000                                        
      real estate under development
    		           5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 5,672,000 230,602,000 220,170,000 300,976,000 304,624,000 275,914,000 241,384,000 540,188,000 529,759,000 465,682,000 402,518,000 361,264 418,612,000 391,388,000 335,028,000 289,101,000 293,306,000 189,811,000 157,970,000 136,235,000 441,561,000 759,964,000 868,383,000 1,250,276,000 1,345,188,000 1,226,242,000 1,144,406,000 1,132,834,000 1,115,980,000 1,128,432,000  
      retained earnings
    		           78,790,000 163,210,000 412,659,000                              124,458,000 144,838,000 163,905,000 180,005,000 209,018,000 234,990,000 200,666,000  
      real estate, net of accumulated depreciation and amortization of 3,238,079 and 3,010,699, respectively
    		            14,837,685,000                                       
      real estate, net of accumulated depreciation and amortization of 3,128,182 and 3,010,699, respectively
    		             14,950,391,000                                      
      preferred stock, 1.00 par value, authorized 7,054,000 shares; issued and outstanding (in series) 19,580 shares; aggregate liquidation preference 489,500
    		             20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000                              
      real estate, net of accumulated depreciation and amortization of 2,886,259 and 2,717,114, respectively
    		               14,778,312,000                                    
      real estate, net of accumulated depreciation and amortization of 2,784,417 and 2,717,114, respectively
    		                9,263,542,000                                   
      other real estate investments
    		                141,536,000 117,437,000 117,140,000 120,148,000 176,037,000 178,393,000 194,400,000 194,675,000 191,834,000 201,880,000 192,123,000 191,029,000 187,785,000 203,905,000 217,584,000 213,859 210,246,000 208,305,000 209,146,000 205,552,000 204,062,000 217,272,000 214,253,000 240,725,000 540,631,000 553,799,000 534,419,000 582,659,000 572,463,000 597,196,000 615,016,000 596,504,000 461,734,000 465,729,000  
      real estate, net of accumulated depreciation and amortization of 2,727,002 and 2,717,114, respectively
    		                 9,410,039,000                                  
      mortgages and construction loan payable
    		                  311,272,000 314,641,000 388,406,000 404,879,000 484,008,000 482,632,000 485,132,000 485,341,000 492,416,000 477,974,000                        
      real estate, net of accumulated depreciation and amortization of 2,662,212 and 2,500,053, respectively
    		                   9,373,537,000                                
      real estate, net of accumulated depreciation and amortization of 2,606,653 and 2,500,053, respectively
    		                    9,397,045,000                               
      real estate, net of accumulated depreciation and amortization of 2,552,669 and 2,500,053, respectively
    		                     9,179,554,000                              
      preferred stock, 1.00 par value, authorized 7,054,000 shares; undesignated 6,019,240, and 5,996,240 shares, respectively; issued and outstanding (in series) 19,580, and 42,580 shares, respectively. aggregate liquidation preference 489,500, and 1,064,500, respectively
    		                      20,000                             
      real estate, net of accumulated depreciation and amortization of 2,474,243 and 2,385,287, respectively
    		                       9,172,123,000                            
      preferred stock, 1.00 par value, authorized 7,054,000 shares; undesignated 6,010,240 and 5,996,240 shares, respectively; issued and outstanding (in series) 28,580 and 42,580 shares, respectively; aggregate liquidation preference 714,500 and 1,064,500, respectively
    		                       29,000                            
      real estate, net of accumulated depreciation and amortization of 2,426,924 and 2,385,287, respectively
    		                        9,164,375,000                           
      preferred stock, 1.00 par value, authorized 5,996,240 shares; issued and outstanding (in series) 42,580 shares; aggregate liquidation preference 1,064,500
    		                        43,000 43,000                          
      real estate, net of accumulated depreciation and amortization of 2,393,946 and 2,385,287, respectively
    		                         9,221,743,000                          
      mortgages and other financing receivables
    		                          14,448,000 29,222,000 31,127,000 21,376,000 21,838,000 22,538 22,495,000 22,585,000 23,197,000 23,537,000 23,815,000 24,000,000 26,207,000 22,990,000 110,108,000 153,750,000 176,769,000 210,995,000 197,007,000 149,096,000 153,847,000 171,813,000 176,070,000 205,416,000  
      preferred stock, 1.00 par value, authorized 5,996,240 shares; 42,580 and 41,200 shares issued and outstanding (in series), respectively; aggregate liquidation preference 1,064,500 and 1,030,000, respectively
    		                          43,000 43,000                        
      accumulated other comprehensive loss
    		                             -66,000                      
      operating real estate, net of accumulated depreciation and amortization of 2,376,667 and 2,433,053, respectively
    		                           9,043,480,000                        
      operating real estate, net of accumulated depreciation of 2,395,195 and 2,433,053, respectively
    		                            9,126,945,000                       
      preferred stock, 1.00 par value, authorized 5,996,240 shares, 42,580 and 41,200 shares issued and outstanding (in series), respectively; aggregate liquidation preference 1,064,500 and 1,030,000, respectively
    		                            43,000 43,000                      
      accumulated other comprehensive income/
    		                            72,000                       
      operating real estate, net of accumulated depreciation of 2,440,836 and 2,433,053, respectively
    		                             9,362,899,000                      
      rental property
    		                                                   
      investments in and advances in real estate joint ventures
    		                              483,861,000                     
      preferred stock, 1.00 par value, authorized 5,996,240 and 6,029,100 shares, respectively, 41,200 and 32,000 shares issued and outstanding (in series), respectively; aggregate liquidation preference 1,030,000 and 800,000, respectively
    		                              41,000                     
      operating real estate, net of accumulated depreciation of 2,458,806 and 2,278,292 respectively
    		                               9,771,654                    
      preferred stock, 1.00 par value, authorized 6,017,400 and 6,029,100 shares, respectively, 32,000 shares issued and outstanding (in series) aggregate liquidation preference 800,000
    		                               32                    
      operating real estate, net of accumulated depreciation of 2,398,558 and 2,278,292 respectively
    		                                9,543,381,000                   
      preferred stock, 1.00 par value, authorized 6,029,100 shares 32,000 shares issued and outstanding (in series) aggregate liquidation preference 800,000
    		                                32,000 32,000  32,000 32,000 32,000              
      operating real estate, net of accumulated depreciation of 2,345,766, and 2,278,292, respectively
    		                                 9,345,513,000                  
      investments and advances in real estate joint ventures
    		                                  504,209,000 477,800,000 519,268,000 702,586,000 833,650,000 880,300,000 1,251,755,000 1,178,177,000 1,186,696,000 1,265,109,000 1,236,655,000 1,234,685,000 1,246,917,000 1,310,014,000 1,273,382,000 1,107,255,000  
      preferred stock, 1.00 par value, authorized 6,029,100 shares, 32,000 shares issued and outstanding
    		                                                   
      aggregate liquidation preference 800,000
    		                                  32,000                 
      operating real estate, net of accumulated depreciation of 2,220,455 and 2,115,320, respectively
    		                                   9,392,984,000                
      operating real estate, net of accumulated depreciation of 2,199,725 and 2,115,320, respectively
    		                                    9,171,988,000               
      operating real estate, net of accumulated depreciation
    		                                                   
      of 2,155,365 and 2,115,320, respectively
    		                                     9,156,544,000              
      operating real estate, net of accumulated depreciation of 2,092,375 and 1,955,406, respectively
    		                                      9,256,277,000             
      preferred stock, 1.00 par value, authorized 5,959,100 shares 102,000 shares issued and outstanding (in series) aggregate liquidation preference 975,000
    		                                      102,000 102,000            
      operating real estate, net of accumulated depreciation of 2,054,698 and 1,955,406, respectively
    		                                       9,290,447,000            
      operating real estate, net of accumulated depreciation of 1,441,926 and 1,343,148, respectively
    		                                        6,685,586,000           
      construction loans payable
    		                                        17,880,000 43,540,000 236,743,000 266,091,000 250,307,000 262,476,000 245,914,000 242,197,000 213,193,000 282,204,000  
      preferred stock, 1.00 par value, authorized 3,232,000 shares
    		                                                   
      class f preferred stock, 1.00 par value, authorized 700,000 shares issued and outstanding 700,000 shares aggregate liquidation preference 175,000
    		                                        700,000           
      class g preferred stock, 1.00 par value, authorized 184,000 shares issued and outstanding 184,000 shares aggregate liquidation preference 460,000
    		                                        184,000           
      operating real estate, net of accumulated depreciation of 1,292,319 and 1,159,664, respectively
    		                                         5,825,326,000          
      class f preferred stock, 1.00 par value, authorized 700,000 shares, issued and outstanding 700,000 shares. aggregate liquidation preference 175,000
    		                                         700,000          
      class g preferred stock, 1.00 par value, authorized 184,000 shares, issued and outstanding 184,000 shares. aggregate liquidation preference 460,000
    		                                         184,000          
      of 1,246,920 and 1,159,664, respectively
    		                                          5,703,887,000         
      class f preferred stock, 1.00 par value, authorized 700,000 shares
    		                                                   
      issued and outstanding 700,000 shares
    		                                          700,000 700,000 700,000 700,000 700,000 700,000 700,000 700,000  
      aggregate liquidation preference 175,000
    		                                                   
      class g preferred stock, 1.00 par value, authorized 184,000 shares
    		                                           184,000 184,000 184,000      
      issued and outstanding 184,000 shares
    		                                          184,000    184,000     
      aggregate liquidation preference 460,000
    		                                                   
      issued and outstanding 376,357,931 and 271,080,525 shares, respectively
    		                                          3,764,000         
      of 1,116,523 and 977,444, respectively
    		                                           5,520,735,000        
      minority interests
    		                                           532,692,000 483,661,000 463,742,000 448,159,000 437,060,000 421,194,000 427,278,000  
      issued 266,779,187 and 253,350,144, respectively
    		                                                   
      outstanding 266,232,607 and 252,803,564, respectively
    		                                           2,662,000        
      total liabilities and stockholders' equity
    		                                           9,756,662,000 9,594,246,000 9,431,593,000 9,097,816,000     
      of 1,059,642 and 977,444, respectively
    		                                            5,290,277,000       
      issued 254,549,486 and 253,350,144, respectively
    		                                                   
      outstanding 254,002,906 and 252,803,564, respectively
    		                                            2,540,000       
      of 1,015,168 and 977,444, respectively
    		                                             5,240,900,000      
      issued 253,943,446 and 253,350,144, respectively
    		                                                   
      outstanding 253,396,866 and 252,803,564, respectively
    		                                             2,534,000      
      the accompanying notes are an integral part of these condensed consolidated financial statements.
    		                                                   
      less, accumulated depreciation and amortization
    		                                              977,444,000     
      liabilities & stockholders' equity:
    		                                                   
      preferred stock , 1.00 par value, authorized 3,232,000 and 3,600,000 shares, respectively
    		                                                   
      issued 253,350,144 and 251,416,749, shares; outstanding 252,803,564 and 250,870,169, respectively.
    		                                              2,528,000     
      operating real estate, net of accumulated depreciation of 927,402 and 806,670, respectively
    		                                               5,022,221,000    
      stockholders’ equity:
    		                                                   
      preferred stock , 1.00 par value, authorized 3,600,000 shares
    		                                                   
      issued 253,213,968 and 251,416,749 shares; outstanding 252,667,388 and 250,870,169, respectively.
    		                                               2,527,000    
      total stockholders’ equity
    		                                               3,485,257,000 3,500,003,000 3,445,512,000  
      total liabilities and stockholders’ equity
    		                                               8,898,378,000 8,625,250,000 7,985,231,000  
      operating real estate, net of accumulated depreciation of 883,094 and 806,670, respectively
    		                                                4,831,752,000   
      issued 252,735,515 and 251,416,749 shares; outstanding 252,188,935 and 250,870,169, respectively.
    		                                                2,522,000   
      of 844,240 and 806,670, respectively
    		                                                 4,268,973,000  
      preferred stock, 1.00 par value, authorized 3,600,000 shares
    		                                                   
      issued 252,484,841 shares; outstanding 251,938,261 shares at march 31, 2007;
    		                                                   
      issued 251,416,749 shares; outstanding 250,870,169 shares at december 31, 2006;
    		                                                 2,519,000  
      secured debt
    		                                                   
      fixed rate
    		                                                  29,100,000 
      average interest
    		                                                   
      rate
    		                                                  8,270,000 
      variable rate
    		                                                  97,800,000 
      unsecured debt
    		                                                   
    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.