7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 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 2019-09-30 2019-06-30 2019-03-31 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 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 
      
    		                                                                            
      operating activities:
    		                                                                            
      net income
    		282,186,000 304,618,000 257,266,000 456,800,000 260,670,000 131,634,000 134,722,000 106,342,000 28,635,000 1,798,000 -2,653,000 95,672,000 65,751,000 66,194,000 190,336,000 45,757,000 72,192,000 155,278,000 394,978,000 159,216,000 329,380,000 647,932,000 150,040,000 292,302,000 453,555,000  89,304,000 203,442,000 337,610,000  354,738,000 210,749,000 165,474,000  199,254,000 330,458,000 209,422,000 152,771,000 87,854,000 65,200,000  33,608,000 7,181,000 71,799,000  53,507,000 76,871,000 57,458,000  52,355,000 86,208,000 31,810,000 40,347,000 5,779,000 51,064,000 31,694,000 36,838,000 24,686,000 64,758,000 66,645,000 28,594,000 60,521,000 162,397,000 36,599,000 48,946,000 30,846,000 31,937,000 29,673,000 22,959,000 26,812,000 28,001,000 24,978,000  25,296,000 3,831,000 23,239,000 
      adjustments to reconcile net income to net cash provided from (used in) operating activities:
    		                                                                            
      depreciation and amortization
    		509,812,000 495,036,000 485,869,000 403,779,000 382,045,000 365,863,000 339,314,000 341,945,000 339,112,000 342,286,000 353,699,000 310,295,000 304,088,000 284,501,000 267,754,000 240,885,000 244,426,000 242,733,000 255,532,000 265,371,000 274,801,000 272,445,000 248,052,000 243,932,000                          115,640,000 111,053,000 74,768,000 62,406,000 49,105,000 47,451,000 43,581,000 41,780,000 41,086,000 40,731,000 41,326,000 42,151,000 41,691,000 39,629,000 39,574,000 40,081,000 40,137,000 35,548,000 33,860,000         
      other amortization expenses
    		14,273,000 13,734,000 14,154,000 15,059,000 15,001,000 13,105,000 10,916,000 10,294,000 9,792,000 7,591,000 9,210,000 5,841,000 5,592,000 5,197,000 5,097,000 4,657,000 4,197,000 3,600,000 2,666,000 3,727,000 3,220,000 3,713,000 3,883,000 5,878,000                          4,124,000 3,562,000 4,338,000 3,991,000 5,131,000 4,633,000 3,414,000 4,413,000 3,745,000 3,676,000 3,578,000 2,417,000 4,125,000 1,160,000 2,323,000 1,807,000 1,896,000 1,141,000 1,174,000         
      benefit from loan losses
    		1,088,000 -1,113,000 -2,007,000 4,193,000 5,163,000 1,014,000 4,059,000 2,456,000 777,000 10,469,000 490,000 165,000 -804,000 -39,000 -271,000 6,197,000 1,383,000 83,085,000 2,857,000 1,422,000 7,072,000 0 0 18,690,000                          131,000 168,000 248,000 766,000    23,121,000 0 0 140,000     0 0 0 0 250,000 250,000 250,000 250,000  300,000 300,000 300,000 
      impairment of assets
    		3,081,000 19,876,000 52,402,000 23,421,000 2,394,000 43,331,000 7,388,000 1,086,000 12,629,000 13,146,000    2,357,000 1,490,000 23,692,000 23,568,000 9,317,000 23,313,000 75,151,000 27,827,000 18,096,000                            0 0 202,000 0    23,350,000                    
      stock-based compensation expense
    		15,586,000 15,257,000 17,505,000 39,910,000 10,350,000 12,048,000 8,821,000 10,504,000 9,456,000 6,693,000 5,990,000 6,021,000 7,445,000 2,944,000 4,535,000 4,757,000 5,576,000 7,380,000 6,565,000 7,290,000 7,083,000 5,309,000 7,663,000 7,529,000                          1,767,000 1,681,000 5,593,000 2,066,000 1,010,000 1,197,000 7,550,000 899,000 1,075,000 1,080,000 6,579,000 1,804,000 1,472,000 1,406,000 3,848,000 1,297,000 1,300,000 1,276,000 3,177,000 3,437,000 192,000       
      gain on derivatives and financial instruments
    		31,682,000 -409,000 -3,210,000 -9,906,000 -5,825,000 -3,054,000 2,885,000 1,280,000 930,000 258,000 6,905,000 -1,407,000 2,578,000 -830,000 -8,078,000 -359,000 1,934,000 569,000 1,395,000 1,434,000 7,651,000 1,244,000 1,913,000 -2,487,000                                                     
      gain on extinguishment of debt
    		0 0 6,156,000 419,000 1,705,000 6,000 1,000 1,000 5,000 87,000 2,000 603,000 -12,000 -1,090,000 -5,000 55,612,000 -4,643,000 13,796,000 33,004,000   65,824,000 0 15,719,000                             0 9,099,000 7,034,000 18,038,000 410,000 26,375,000 0 -1,678,000 0 -768,000 0 -1,326,000             
      loss (income) from unconsolidated entities
    		12,610,000 7,392,000 -1,263,000 4,038,000 -4,896,000 7,783,000 4,031,000 40,332,000 7,071,000 4,650,000 6,698,000 7,058,000 2,884,000 12,174,000 15,832,000 7,976,000 -13,049,000 -258,000 5,981,000 -1,332,000 3,692,000 -3,262,000 9,049,000 9,199,000                                                     
      rental income less than (in excess of) cash received
    		-55,301,000 -48,754,000 -43,893,000 -45,501,000 44,199,000 -30,503,000 -24,348,000 -35,170,000 -36,827,000 -29,312,000 -28,126,000 -29,230,000 -22,215,000 -21,213,000 -19,295,000 -20,875,000 30,563,000  92,833,000 -23,840,000 -2,119,000 -25,746,000 -26,278,000 -26,956,000                             -394,000 -1,670,000 -1,815,000 -2,715,000 2,295,000 3,747,000 2,358,000 2,859,000 7,921,000 -656,000 2,889,000 -2,361,000 2,313,000 2,250,000 -1,510,000 -2,613,000 1,313,000 1,352,000 494,000 7,910,000     
      amortization related to above (below) market leases
    		-419,000 -424,000 -385,000 152,000 19,000 -5,000 -188,000 -166,000 -82,000 -494,000 -396,000 -384,000 -419,000 -1,491,000 -1,119,000 -466,000 -460,000 -497,000 -365,000 -443,000 -565,000 -333,000 -116,000 114,000                          -532,000 -398,000 -658,000 -744,000 -816,000 -809,000 -487,000  -620,000 -368,000 -356,000  -214,000 -199,000 -263,000             
      gain on real estate dispositions and acquisitions of controlling interests
    		-4,025,000 -14,850,000 -51,777,000                                                                          
      proceeds from (payments on) interest rate swap settlements
    		   0 0 -59,555,000                                                                       
      distributions by unconsolidated entities
    		6,519,000 7,860,000 4,160,000 2,827,000 8,409,000 1,609,000 2,160,000 3,477,000 3,418,000 3,814,000 -942,000 2,608,000 6,982,000 4,980,000 6,942,000 1,805,000 3,036,000 3,766,000 1,040,000 3,410,000 3,385,000  -19,678,000 19,724,000 14,880,000  11,370,000 23,223,000 24,161,000  53,263,000 7,554,000 11,747,000  23,269,000 27,093,000 89,195,000 15,336,000 10,463,000 12,462,000  16,913,000 4,870,000 9,916,000                                 
      increase in accrued expenses and other liabilities
    		110,012,000 16,030,000 -105,111,000 82,821,000 82,525,000 -29,420,000 105,075,000 -4,877,000 -4,503,000 -45,393,000 89,016,000 30,650,000 -23,416,000 -20,370,000 79,355,000 22,975,000 -4,406,000 -17,679,000 18,095,000 52,378,000 -30,030,000 -54,570,000 82,783,000 -27,368,000                          -17,635,000 -19,485,000 57,901,000 2,154,000 4,587,000 -272,000 5,824,000 4,727,000 10,837,000 -12,311,000 -3,564,000 -6,765,000 17,132,000 2,544,000 4,452,000 -453,000 5,852,000 -5,651,000 -3,001,000 -4,043,000 4,881,000 -3,837,000 8,809,000  2,024,000 4,604,000 -7,871,000 
      decrease (increase) in receivables and other assets
    		-68,748,000 -44,219,000 -30,908,000 -20,762,000 -29,897,000 -42,343,000 -84,678,000 2,058,000 6,392,000 -66,630,000 -87,194,000 -36,613,000 -1,000,000 -38,311,000 -69,537,000 -12,690,000 -1,579,000 -53,834,000 -55,622,000 11,589,000 43,284,000 -4,938,000 21,931,000 -25,248,000                          32,304,000 -17,222,000 -29,973,000 -19,122,000 9,834,000   -25,167,000 -7,494,000 664,000 -4,071,000 900,000 -2,940,000 -1,390,000 -264,000 -63,000 1,643,000 -8,748,000 2,266,000 10,143,000 -665,000 -13,261,000 -2,310,000  -1,679,000 2,805,000 -1,901,000 
      net cash provided from (used in) operating activities
    		858,356,000 770,034,000 598,958,000 684,984,000 605,419,000 406,806,000 439,056,000 416,245,000 376,058,000 253,386,000 355,991,000 394,811,000 324,520,000 283,330,000 353,082,000 335,255,000 303,658,000 255,172,000 297,968,000 399,759,000 411,857,000 355,418,000 510,587,000 343,895,000 368,644,000  318,355,000 458,583,000 385,526,000  423,605,000 475,029,000 373,712,000  416,978,000 393,164,000 226,182,000 258,635,000 336,873,000 258,661,000  219,170,000 206,929,000 199,808,000  212,432,000 176,994,000 174,044,000  176,035,000 126,486,000 115,112,000 73,737,000 99,498,000    106,116,000 99,776,000 84,557,000 67,844,000 101,381,000 88,978,000 77,451,000 72,512,000 79,462,000 50,551,000 61,358,000 57,462,000 58,021,000 36,410,000 64,553,000  48,803,000 33,710,000 32,460,000 
      investing activities:
    		                                                                            
      cash disbursed for acquisitions, net of cash acquired
    		-1,104,118,000 -947,860,000 -1,988,958,000 -1,061,579,000 -544,756,000 -62,771,000 -649,533,000 -21,375,000 -402,719,000 -13,022,000 -821,231,000 -870,357,000 -601,410,000 -1,348,968,000 -2,073,921,000 -458,178,000 -203,107,000 -510,382,000 -2,572,000 0 -390,802,000                                                        
      cash disbursed for capital improvements to existing properties
    		-263,059,000 -232,879,000 -240,350,000 -241,150,000 -165,093,000 -132,509,000 -129,112,000 -113,639,000 -91,339,000 -160,181,000 -115,766,000 -109,840,000 -90,229,000 -116,897,000 -71,208,000 -65,703,000 -28,780,000 -61,665,000 -61,221,000 -52,721,000 -69,382,000 -82,237,000 -67,241,000 -56,935,000 -46,547,000  -65,995,000 -51,032,000 -42,115,000  -53,671,000 -52,504,000 -35,025,000  -55,554,000 -37,258,000 -29,828,000 -31,636,000 -27,282,000 -27,406,000                                     
      cash disbursed for construction in progress
    		-95,420,000 -112,374,000 -126,187,000 -173,389,000 -227,359,000 -231,763,000 -256,597,000 -247,889,000 -226,226,000 -168,272,000 -177,038,000 -148,286,000 -138,141,000 -154,638,000 -118,981,000 -70,739,000 -73,605,000 -74,637,000 -33,668,000 -44,256,000 -48,775,000 -102,704,000 -100,018,000 -55,391,000 -22,735,000  -49,022,000 -79,712,000 -69,334,000  -75,505,000 -183,128,000 -66,739,000  -50,833,000 -54,926,000 -59,552,000 -45,628,000 -42,484,000 -52,717,000                                     
      capitalized interest
    		-6,150,000 -8,653,000 -11,520,000 -15,668,000 -14,478,000 -13,809,000 -13,947,000 -11,870,000 -10,335,000 -9,762,000 -8,863,000 -6,387,000 -5,479,000 -5,325,000 -4,669,000 -4,862,000 -4,496,000 -4,238,000 -3,947,000 -4,541,000 -4,746,000 -4,148,000 -3,929,000 -2,327,000 -2,336,000  -2,545,000 -3,359,000 -4,129,000  -4,766,000 -4,306,000 -3,037,000  -1,865,000 -2,059,000 -2,387,000 -1,779,000 -1,700,000 -1,605,000  -1,706,000 -1,386,000 -1,606,000  -2,555,000 -2,138,000 -2,420,000  -3,111,000 -2,314,000 -4,665,000 -4,784,000 -3,656,000 -5,276,000 -7,076,000 -10,304,000 -9,975,000 -11,026,000 -9,865,000 -8,435,000 -6,364,000 -5,063,000 -5,167,000 -4,468,000 -3,162,000 -2,569,000 -2,327,000         
      investment in loans receivable
    		-396,385,000 -20,572,000 -19,672,000 -23,474,000 -463,356,000 -116,789,000 -252,157,000 -21,566,000 -54,831,000 -22,866,000 -15,614,000 -78,364,000 -39,201,000 -44,443,000 -34,599,000 -875,259,000 -43,148,000 -31,236,000 -196,769,000 -9,097,000 -10,441,000                                            -114,556,000 -31,379,000 -9,532,000 -80,427,000 -12,864,000 -60,766,000 -8,036,000 -5,324,000     
      principal collected on loans receivable
    		46,097,000 61,667,000 100,372,000 112,732,000 101,587,000 36,472,000 21,911,000 30,901,000 15,592,000 23,930,000 11,200,000 71,973,000 89,207,000 92,845,000 1,574,000 245,989,000 2,852,000 17,203,000 1,549,000 2,751,000 10,045,000                                            7,288,000 9,457,000 17,672,000 17,929,000 39,787,000 10,917,000 7,457,000 24,094,000     
      other investments, net of payments
    		-23,919,000 -6,027,000 -59,200,000 -12,086,000 -25,462,000 -11,723,000 453,000 -15,271,000 -80,548,000 -35,834,000 -66,544,000 1,518,000 2,401,000 -15,710,000 -13,915,000 2,366,000 664,000 9,871,000 1,550,000 -83,000 -3,612,000 4,336,000 -8,184,000 -9,456,000 -49,279,000  -1,580,000 4,146,000 48,311,000  -71,734,000 14,109,000 -30,773,000  -18,780,000 -8,405,000 -102,126,000 8,656,000 -49,645,000 1,787,000  -24,640,000 10,029,000 -1,978,000  6,605,000 -2,291,000 22,438,000  -8,269,000 4,558,000 -2,815,000 -58,545,000 -65,298,000 -9,937,000 -114,000 -16,678,000 -16,151,000 10,575,000 121,000 -9,801,000 7,106,000 17,056,000 -26,819,000 -20,806,000 -803,000 1,327,000 -2,716,000         
      contributions to unconsolidated entities
    		-39,933,000 -211,917,000 -50,513,000 -72,778,000 -42,371,000 -103,825,000 -61,199,000 -93,338,000 -112,822,000 -111,678,000 -82,980,000 -192,264,000 -115,249,000 -117,187,000 -45,537,000 -139,201,000 -94,095,000 -110,123,000 -75,292,000 -88,610,000 -137,129,000 -75,489,000 -92,147,000 -26,854,000 -14,366,000  -8,171,000 -52,558,000 -13,073,000  -2,103,000 -26,860,000 -12,784,000  -22,248,000 -33,083,000 -83,964,000 0 -31,962,000 -214,832,000  -20,560,000 -1,532,000 -359,575,000  -181,000                               
      net proceeds from net investment hedge settlements
    		0 -40,030,000 37,831,000 4,081,000 5,718,000 913,000                                                                       
      proceeds from sales of real property
    		111,278,000 93,146,000 317,663,000 16,001,000 84,939,000 44,834,000 82,034,000 -19,708,000 21,658,000 75,065,000 20,527,000 30,336,000 73,568,000 128,614,000 495,028,000 172,472,000 274,208,000 777,079,000 1,524,862,000 1,196,695,000 801,392,000 1,984,251,000 14,088,000 602,732,000 892,209,000  34,069,000 116,708,000 1,087,074,000  407,734,000    144,586,000 345,910,000 177,265,000 301,914,000    64,190,000 26,696,000 294,607,000  145,688,000 124,105,000 32,584,000  12,893,000 164,644,000 44,048,000 84,305,000 80,230,000 16,433,000 38,059,000  21,222,000 70,981,000 61,304,000  25,213,000 182,982,000 99,000             
      net cash provided from (used in) investing activities
    		-1,630,305,000 -1,399,134,000 -2,028,139,000 -1,449,476,000 -1,278,811,000 -580,931,000 -1,237,338,000 -393,379,000 -932,837,000 -419,305,000 -1,199,249,000 -1,276,714,000 -808,547,000 -1,527,796,000 -1,783,338,000 -1,065,994,000 -139,140,000 18,183,000 1,187,565,000 992,432,000 149,748,000 1,473,039,000 -2,728,632,000 197,268,000 421,077,000  -369,929,000 -166,114,000 1,065,239,000  -929,701,000 -119,471,000 -241,964,000  -283,200,000 -412,674,000 -1,809,768,000 -308,474,000 -447,031,000 -351,391,000  -499,985,000 -733,866,000 -1,968,703,000  -869,772,000 -690,005,000 -537,837,000  -657,736,000 -2,402,194,000 -612,705,000 -1,309,389,000 -401,510,000 -309,277,000 -291,863,000  -128,866,000 -90,198,000 29,945,000 -210,368,000 -247,888,000 -346,564,000 -205,676,000 -281,798,000 -158,400,000 -229,263,000 -215,875,000 -271,011,000 -159,415,000 -73,196,000 -57,193,000  -1,495,000 -180,348,000 -16,835,000 
      financing activities:
    		                                                                            
      net increase under unsecured credit facility and commercial paper
    		         -654,715,000 300,715,000 54,032,000 -24,967,000 33,939,000    0 0 -844,985,000 -742,612,000                                                        
      net proceeds from issuance of senior unsecured notes
    		994,832,000      353,000    0 495,150,000 545,082,000  0 494,334,000 713,907,000                                                            
      payments to extinguish senior unsecured notes
    		-49,575,000   0 0 -1,350,000,000        0 0   0    -2,057,500,000 0 -1,050,000,000 -450,000,000      0 0 -400,000,000  -56,996,000 -322,896,000 -154,654,000         -244,939,000 -125,563,000 -22,000     0 0 -153,148,000 -342,394,000 0                    
      net proceeds from the issuance of secured debt
    		   836,000 1,493,000 1,379,000 7,907,000 10,562,000 362,900,000 23,379,000 79,460,000 4,959,000 5,385,000 20,876,000    17,134,000 0 0 44,921,000 22,885,000 48,806,000 247,163,000 20,326,000  28,660,000 149,263,000 12,536,000  31,549,000 86,856,000 75,136,000  85,811,000 54,077,000 82,724,000 87,410,000 0 10,690,000  13,800,000    6,318,000 28,395,000 111,000,000  2,000,000   75,179,000 0    143,206,000                   
      payments on secured debt
    		-18,745,000 -183,179,000 -134,277,000 -122,417,000 -100,966,000 -132,833,000 -337,750,000 -61,704,000 -39,573,000 -136,803,000 -93,523,000 -110,065,000 -116,789,000 -78,764,000 -20,591,000 -40,375,000 -57,888,000 -156,904,000 -192,751,000 -313,774,000 -31,566,000 -55,252,000 -50,587,000 -128,113,000 -197,655,000  -30,750,000 -197,691,000 -822,438,000  -190,847,000 -150,708,000 -130,343,000  -145,505,000 -115,893,000 -208,057,000 -66,182,000 -90,441,000 -129,539,000  -501,816,000 -54,626,000 -18,931,000  -18,224,000 -211,607,000 -42,568,000  -8,317,000 -7,175,000 -5,906,000 -40,406,000 -169,601,000 -4,326,000 -3,378,000                     
      net proceeds from the issuance of common stock
    		2,870,097,000 1,975,018,000 1,992,403,000 1,242,019,000 1,603,861,000 2,416,484,000 1,931,148,000 922,876,000 411,032,000 1,482,901,000 827,392,000 808,215,000 549,346,000 981,737,000 1,000,000,000   0 0 4,312,000 591,001,000 38,949,000 113,613,000 533,543,000 7,214,000  106,541,000 304,800,000 119,651,000  361,035,000 65,599,000 93,433,000  79,631,000 72,803,000 1,489,547,000 1,158,939,000 1,038,214,000 63,755,000  62,317,000 1,684,858,000 45,377,000  2,415,967,000 32,488,000 1,087,777,000  69,186,000 33,377,000 1,388,118,000 508,873,000 449,005,000 19,769,000 17,791,000 20,650,000 434,687,000 25,803,000 223,393,000 44,960,000 580,231,000 18,840,000 138,254,000 164,174,000 17,589,000 285,363,000 24,467,000 16,261,000 19,518,000 127,305,000 18,985,000  19,006,000 14,022,000 13,401,000 
      payments for deferred financing costs and prepayment penalties
    		176,000 -291,000 -471,000 -23,454,000 0 -6,000 -661,000 -514,000 -6,444,000 -181,000 -800,000 -4,012,000 -69,000 -1,484,000 0 -71,030,000 -1,221,000 -3,162,000 -31,200,000 -4,003,000 -722,000 -58,072,000 -4,611,000 -19,566,000 -14,341,000  -1,189,000 -16,164,000 -36,674,000                                                
      contributions by noncontrolling interests
    		1,356,000 5,551,000 3,586,000 2,440,000 2,772,000 23,797,000 29,799,000 97,792,000 83,480,000 91,153,000 9,438,000 33,964,000 4,101,000 72,245,000 18,091,000 60,909,000 5,073,000 29,756,000 503,000 4,680,000 9,084,000 3,866,000 11,262,000 27,860,000 5,734,000  37,546,000 6,996,000 2,667,000  3,923,000 12,316,000 126,142,000  158,179,000 2,412,000 2,514,000 1,087,000 3,707,000 778,000  1,620,000 2,310,000 1,420,000  996,000 2,743,000 8,367,000  568,000 8,992,000 95,000 120,000 220,000 912,000 1,359,000 309,000 597,000 492,000 857,000                 
      distributions to noncontrolling interests
    		-59,693,000 -44,083,000 -113,928,000 -18,465,000 -63,212,000 -22,591,000 -98,804,000 -45,008,000 -35,664,000 -50,660,000 -7,466,000 -36,309,000 -177,979,000 -29,844,000 -41,670,000 -37,125,000 -30,117,000 -35,120,000 -117,494,000 -130,751,000 -50,124,000 -74,266,000 -42,174,000 -21,830,000 -12,564,000  -13,681,000 -18,129,000 -20,014,000  -14,943,000 -14,911,000 -76,222,000  -8,068,000 -11,954,000 -7,417,000 -16,701,000 -6,822,000 -7,386,000  -12,642,000 -5,338,000 -4,522,000  -5,610,000 -6,196,000 -3,477,000  -5,106,000 -9,747,000 -7,057,000 -652,000 -55,000 -132,000 -2,462,000 -137,000 -121,000 -870,000 -976,000                 
      cash distributions to stockholders
    		-496,918,000 -439,057,000 -432,366,000 -408,768,000 -366,094,000 -352,184,000 -318,691,000 -303,402,000 -300,195,000 -298,231,000 -283,454,000 -276,797,000 -273,045,000 -265,449,000 -260,792,000 -254,750,000 -254,915,000 -255,117,000 -253,268,000 -256,169,000 -354,678,000 -352,869,000 -352,296,000 -342,803,000 -335,508,000  -332,266,000 -330,561,000 -329,794,000  -324,570,000 -323,744,000 -322,122,000  -307,001,000 -305,696,000 -288,921,000 -262,724,000 -248,102,000 -247,154,000  -235,779,000 -216,870,000 -216,148,000  -176,034,000 -175,303,000 -162,126,000  -144,321,000 -143,878,000 -110,720,000 -98,666,000 -91,495,000 -90,030,000 -90,032,000 -89,322,000 -81,753,000 -81,254,000 -81,510,000 -76,120,000 -70,398,000 -67,005,000 -63,337,000 -60,060,000 -59,881,000 -59,556,000 -28,602,000 -67,558,000 -45,492,000 -45,122,000 -41,656,000  -38,887,000 -38,609,000 -37,351,000 
      other financing activities
    		-1,035,000 -4,788,000 -6,782,000 -9,652,000 -18,736,000 -5,479,000 -4,509,000 -188,000 -5,066,000 200,000 -1,144,000 -626,000 -5,960,000 104,000 -1,694,000 -4,692,000 -2,936,000 -11,250,000 -1,428,000 -217,000 -9,599,000 -3,028,000 -899,000 -7,716,000 -4,555,000  509,000 -903,000 -8,022,000  -389,000 -333,000 -397,000  139,000 -18,825,000 -8,428,000 -236,000 -521,000 -87,000  362,000 -1,080,000 -992,000                                 
      net cash provided from (used in) financing activities
    		3,240,495,000 1,418,496,000 1,308,165,000 1,677,602,000 1,059,118,000 578,567,000 1,208,792,000 1,631,841,000 470,470,000 457,043,000 830,618,000 968,511,000 505,105,000 1,228,745,000 987,033,000 -1,020,017,000 371,903,000 -414,663,000 -1,161,886,000 39,986,000 -544,295,000 -1,853,337,000 2,173,009,000 -452,205,000 -835,349,000  -167,130,000 -239,351,000 -1,492,626,000  469,366,000 -236,147,000 -137,030,000  -54,772,000 31,894,000 1,312,823,000 839,969,000 132,924,000 119,597,000  -80,555,000 769,451,000 1,004,416,000  1,834,697,000 248,689,000 669,528,000  289,619,000 -63,529,000 3,034,018,000 1,186,075,000 427,736,000 229,124,000 200,457,000 -76,746,000 45,598,000 50,747,000 -118,692,000 147,621,000 139,702,000 250,382,000 130,238,000 208,115,000 71,906,000 185,891,000 149,594,000 234,275,000 101,684,000 26,228,000 -17,839,000  -35,256,000 144,276,000 -17,959,000 
      effect of foreign currency translation on cash and cash equivalents and restricted cash
    		-51,484,000 123,830,000 19,844,000 7,700,000 -463,000 -2,190,000 -22,868,000 5,566,000 2,813,000 5,984,000 -4,427,000 -11,400,000 -790,000 -169,000 -2,836,000 638,000 1,358,000 7,017,000 5,444,000 1,000,000 -10,010,000                                                        
      increase in cash, cash equivalents and restricted cash
    		2,417,062,000 913,226,000 -101,172,000 920,810,000 385,263,000 402,252,000 387,642,000 1,660,273,000 -83,496,000 297,108,000 -17,067,000 75,208,000 20,288,000 -15,890,000 -446,059,000 -1,750,118,000 537,779,000 -134,291,000 329,091,000 1,433,177,000 7,300,000 -28,983,000 -47,721,000 91,310,000 -45,184,000                                                    
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 3,711,457,000 0 0 2,076,083,000 0 0 722,292,000 0 0 0 346,755,000 0 0 0 2,021,043,000 1,000 -1,000 0 385,766,000 0 0 316,129,000 309,303,000                                                    
      cash, cash equivalents and restricted cash at end of period
    		2,417,062,000 913,226,000 3,610,285,000 920,810,000 385,263,000 2,478,335,000 387,642,000 1,660,273,000 638,796,000 297,108,000 -17,067,000 75,208,000 367,043,000 -15,890,000 -446,059,000 -1,750,118,000 2,558,822,000 -134,290,000 329,090,000 1,433,177,000 393,066,000 -28,983,000 -47,721,000 407,439,000 264,119,000                                                    
      supplemental cash flow information:
    		                                                                            
      interest paid
    		121,331,000 122,975,000 129,033,000 110,372,000 131,270,000 149,007,000 148,348,000 125,580,000 148,399,000 167,327,000 157,314,000 84,019,000 123,012,000 151,608,000 119,840,000 85,347,000 135,947,000 146,324,000 134,498,000 87,416,000 140,216,000 163,809,000 104,227,000 148,487,000 104,246,000  102,712,000 100,746,000 109,438,000  123,560,000 101,989,000 134,872,000  125,626,000 74,148,000 134,737,000 141,194,000 98,242,000 126,302,000  145,759,000 97,778,000 99,202,000  94,786,000 84,034,000 96,426,000  91,037,000 77,630,000 35,081,000 64,101,000 21,079,000 45,812,000 25,215,000        23,781,000             
      income taxes paid (received)
    		3,456,000 7,577,000 11,300,000 -742,000 5,866,000 3,259,000 2,935,000 832,000 325,000  1,263,000 4,831,000 631,000  -634,000 2,774,000 -852,000  657,000 -1,613,000 471,000 2,744,000 2,290,000 -250,000 -721,000                                                    
      includes amounts attributable to redeemable noncontrolling interests.
    		                                                                            
      gain on real estate dispositions
    		    -166,443,000 -4,707,000 -71,102,000 2,168,000 -747,000 4,423,000 -1,064,000 3,532,000 -22,934,000 -11,673,000 -119,954,000 -44,668,000 -59,080,000 -185,464,000 -484,304,000 -155,863,000 -262,824,000 -570,250,000 1,682,000 -167,409,000                                                     
      gain on loss of control of subsidiary
    		      0                                                                      
      proceeds from (payments on) derivatives
    		      0 0 3,933,000 0 36,445,000 17,198,000 10,104,000 5,207,000 16,074,000 -7,195,000 -6,567,000 0 0 -12,962,000 -357,000 1,074,000   -8,324,000  36,106,000 11,447,000 8,218,000  0    31,138,000 0 72,477,000     63,513,000 0 -2,604,000  2,218,000                               
      adjustments to reconcile net income to net cash provided from (used in) operating
    		                                                                            
      activities:
    		                                                                            
      proceeds from issuance of senior unsecured notes
    		                 0 0   1,216,552,000 1,000,000,000 1,036,964,000       0 5,000,000 688,560,000  0       0 0 497,862,000  249,004,000    0 0 1,381,086,000 443,503,000 445,768,000 597,200,000 335,212,000     0                
      repurchase of common stock
    		                 0 0                                                          
      income taxes paid
    		                          1,246,000 1,011,000 3,349,000  3,181,000 1,458,000 2,431,000  1,349,000 7,198,000 2,942,000 4,717,000 1,891,000 10,064,000  2,521,000 1,705,000 920,000  283,000 133,000 2,596,000  289,000 0 31,000 99,000 71,000 55,000 94,000        1,549,000             
      rental income less than ( in excess of) cash received
    		                                                                            
      cash disbursed for acquisitions
    		                     -285,960,000 -2,481,198,000 -237,610,000 -405,609,000  -338,575,000 -134,763,000 -102,356,000  -1,160,671,000 -115,973,000 -171,482,000  -335,375,000 -652,976,000 -1,500,994,000 -503,249,000 -433,025,000 -55,041,000                                     
      investment in real estate loans receivable
    		                     -19,410,000 -19,971,000 -42,964,000 -27,547,000  -19,334,000 -25,342,000 -25,375,000  -54,437,000 -23,808,000 -27,251,000  -29,397,000 -31,893,000 -384,695,000 -24,387,000 -25,168,000 -29,709,000  -24,264,000 -41,101,000 -11,971,000  -15,540,000 -9,693,000 -10,661,000  -8,037,000 -5,355,000 -23,112,000 -44,766,000 -10,715,000 -30,633,000 -11,151,000  -9,836,000 -30,812,000 -6,234,000  -7,001,000 -59,601,000 -7,751,000             
      principal collected on real estate loans receivable
    		                     25,290,000 491,000 6,349,000 90,731,000  45,763,000 27,708,000 8,792,000  56,749,000 74,569,000 93,774,000  33,769,000 20,841,000 16,501,000 25,327,000 10,295,000 10,646,000  30,008,000 5,621,000 49,926,000  3,716,000 8,560,000 4,301,000  10,623,000 126,055,000 12,341,000 24,676,000 9,399,000 4,754,000 4,666,000  3,815,000 22,675,000 8,402,000  123,000 11,320,000 2,081,000             
      net increase in unsecured credit facility and commercial paper
    		                     -534,602,000 1,449,895,000 -727,707,000                                                     
      effect of foreign currency translation on cash, cash equivalents and restricted cash
    		                     -4,103,000 -2,685,000 2,352,000 444,000                                                    
      net increase under unsecured credit facilities
    		                        146,000,000  35,000,000 -137,000,000 -123,000,000  605,000,000 100,000,000 -190,000,000  140,000,000 -60,000,000 410,000,000                                        
      redemption of preferred stock
    		                          0 0 -287,500,000                 0                               
      adjustments to reconcile net income to
    		                                                                            
      net cash provided from (used in) operating activities:
    		                                                                            
      acquisitions of noncontrolling interests
    		                            -38,000      1,587,000   0 0 -1,175,000                                     
      beginning cash, cash equivalents and restricted cash
    		                                                                            
      net cash provided from
    		                                                                            
      operating activities
    		                                                                            
      investing activities
    		                                                                            
      financing activities
    		                                                                            
      effect of foreign currency translation
    		                                                                            
      ending cash, cash equivalents and restricted cash
    		                                                                            
      effect of foreign currency translation on cash and cash equivalents
    		                          12,667,000 8,806,000 2,843,000 -10,584,000 -1,238,000 -8,775,000 323,000 -6,264,000 -4,906,000 3,285,000 -690,000 1,194,000 -1,340,000 281,000 -13,967,000 13,736,000 116,000 557,000                                 
      increase in cash and cash equivalents
    		                          -206,037,000 61,924,000 -39,018,000  -37,968,000 110,636,000 -4,959,000  74,100,000 15,669,000 -271,453,000 791,324,000 21,426,000 27,148,000  -347,634,000 242,630,000 -763,922,000  1,177,357,000 -264,322,000 305,735,000  -192,082,000 -2,339,237,000 2,536,425,000 -49,577,000 125,724,000 18,865,000 1,082,000 -66,877,000 22,848,000 60,325,000 -4,190,000 5,097,000 -6,805,000 -7,204,000 2,013,000 -1,171,000 -7,032,000 7,179,000 -4,923,000 20,726,000 290,000 -10,558,000 -10,479,000  12,052,000 -2,362,000 -2,334,000 
      cash and cash equivalents at beginning of period
    		                          0 0 419,378,000  0 0 360,908,000  0 0 473,726,000 0 0 158,780,000  0 0 1,033,764,000  0 0 163,482,000 0 0 0 131,570,000 0 0 0 35,476,000  0 0 23,370,000  0 0 30,269,000  0 0 36,216,000  0 0 36,237,000 0 0 0 19,763,000 
      cash and cash equivalents at end of period
    		                          -206,037,000 61,924,000 380,360,000  -37,968,000 110,636,000 355,949,000  74,100,000 15,669,000 202,273,000 791,324,000 21,426,000 185,928,000  -347,634,000 242,630,000 269,842,000  1,177,357,000 -264,322,000 469,217,000 26,806,000 -192,082,000 -2,339,237,000 2,667,995,000 -49,577,000 125,724,000 18,865,000 36,558,000  22,848,000 60,325,000 19,180,000  -6,805,000 -7,204,000 32,282,000  -7,032,000 7,179,000 31,293,000  290,000 -10,558,000 25,758,000 9,118,000 12,052,000 -2,362,000 17,429,000 
      beginning cash and cash equivalents
    		                                                                            
      cash provided from
    		                                                                            
      ending cash and cash equivalents
    		                                                                            
      increase in restricted cash
    		                                -394,000          12,548,000 -94,840,000                                 
      net increase under unsecured lines of credit arrangements
    		                                     0 -562,000,000 432,000,000    710,000,000  -393,000,000 388,000,000 -605,000,000  390,000,000 0 -300,000,000 300,000,000 -206,000,000 -219,000,000 285,000,000 -3,000,000 -199,000,000 7,000,000 -235,000,000 183,000,000 -357,000,000 311,500,000 125,500,000 162,000,000 -219,400,000 -16,600,000 156,000,000 -51,000,000 130,000,000 -55,000,000 6,000,000  -14,000,000 154,500,000 12,500,000 
      investment in real property, net of cash acquired
    		                                         -754,527,000 -749,611,000 -1,850,578,000  -961,530,000 -588,066,000 -570,200,000  -659,847,000 -2,685,920,000 -684,677,000                         
      net proceeds from the issuance of preferred stock
    		                                             -1,000 -213,000 277,901,000  0 -304,000 696,741,000                         
      cash provided from operating activities
    		                                                                            
      cash from investing activities
    		                                                                            
      cash provided from (used in) financing activities
    		                                                                            
      income from unconsolidated joint ventures
    		                                                 -1,642,000 -971,000 -1,543,000 -2,177,000 -1,900,000 -1,828,000 -768,000                     
      rental income in excess of cash received
    		                                                 -10,292,000 -7,886,000 -1,418,000                      -117,000 -1,177,000 -2,855,000 
      gain on sales of properties
    		                                                 -185,000 -30,224,000 -26,156,000 -15,556,000 -10,526,000 -3,315,000 -6,718,000                     
      contributions to unconsolidated joint ventures
    		                                                 0 -177,000 -602,000 -21,721,000 -118,000 -14,593,000 -159,981,000                     
      distributions from unconsolidated joint ventures
    		                                                 12,191,000 89,000 980,000                         
      decrease (increase) in restricted cash
    		                                                 -14,179,000   -17,845,000 2,139,000   -5,744,000 1,340,000 -2,475,000 137,712,000 -72,888,000 66,512,000               
      decrease (increase) in deferred loan expenses
    		                                                 -14,391,000 -3,264,000 -8,339,000 -1,876,000 -106,000    -3,922,000 90,000 -3,454,000                 
      decrease in restricted cash
    		                                                   45,797,000    5,545,000                     
      other income less than (in excess of) cash received
    		                                                                            
      deferred gain on sales of properties
    		                                                        0 0   0                
      distributions by unconsolidated joint ventures
    		                                                                            
      investment in real property
    		                                                     -413,491,000 -228,062,000 -161,811,000 -181,581,000 -119,019,000 -138,663,000 -159,696,000 -200,365,000 -338,033,000 -365,564,000 -168,414,000 -43,528,000 -175,780,000 -250,226,000 -161,675,000 -138,587,000 -113,012,000 -87,590,000 -89,994,000  -10,178,000 -180,525,000 -35,382,000 
      increase in receivables and other assets
    		                                                       -6,925,000                     
      net cash provided from operating activities
    		                                                       92,488,000                     
      increase in deferred loan expenses
    		                                                       -639,000                     
      adjustments to reconcile net income to net cash provided from operating activities:
    		                                                                            
      gain on sale of investment
    		                                                                            
      amortization of above/below market leases
    		                                                                -136,000            
      investment in rendina/paramount, net of cash assumed
    		                                                            0 0               
      proceeds from sales of properties
    		                                                                32,374,000 41,757,000 12,646,000 11,537,000 34,599,000 3,810,000 16,951,000 14,527,000  0 712,000 9,188,000 
      net cash provided used in investing activities
    		                                                                            
      proceeds from issuance of secured debt
    		                                                                            
      proceeds from derivative transactions
    		                                                                            
      payments to extinguish liability to subsidiary trust issuing preferred securities
    		                                                                            
      payments to extinguish secured debt
    		                                                                            
      decrease (increase) in deferred loan expense
    		                                                            -322,000 -3,000 -2,000 -21,000 477,000 -3,572,000 -505,000 -377,000  -1,569,000 -187,000 -525,000  -204,000 -4,751,000 -186,000 
      cash and cash equivalents at beginning of year
    		                                                                            
      cash and cash equivalents at end of year
    		                                                                            
      (gain) loss on sales of properties
    		                                                         806,000 -10,677,000 -17,036,000  -12,619,000 -118,168,000 -26,000  -765,000 -1,033,000 -977,000  -108,000 -929,000 -1,553,000  0 24,000 110,000 
      other
    		                                                         -262,000 -1,588,000 -11,664,000 -1,956,000 -1,808,000 -631,000 -4,872,000 -607,000 -1,652,000 -1,150,000 -523,000 -1,714,000 -364,000 122,000 -496,000  82,000 117,000 60,000 
      principal payments on secured debt
    		                                                         -66,844,000 -33,585,000 -2,206,000 -5,544,000 -12,438,000 -12,836,000 -27,776,000 -11,264,000 -2,009,000 -22,591,000 -1,894,000 -849,000 -773,000 -768,000 -643,000  -1,171,000 -716,000 -6,323,000 
      principal payments on senior unsecured notes
    		                                                          0 -19,796,000  0               
      minority interests share of earnings
    		                                                            -2,000 1,000 65,000 62,000 -169,000 121,000           
      gain on investment
    		                                                                            
      investment in windrose, net of cash assumed
    		                                                                            
      contributions by minority interests
    		                                                            1,947,000 1,366,000 151,000 92,000 265,000            
      distributions to minority interests
    		                                                            -300,000 -2,056,000 -266,000 -144,000 -112,000 -87,000           
      deferred (gain) loss on sales of properties
    		                                                                            
      principal payments on unsecured senior notes
    		                                                               -42,330,000             
      supplemental schedule of non-cash activities:
    		                                                                            
      assets and liabilities assumed from real property acquisitions:
    		                                                                            
      secured debt
    		                                                               0 -140,270,000 13,666,000           
      other liabilities
    		                                                               887,000 -8,319,000 2,101,000           
      other assets
    		                                                               0 -3,185,000 -2,153,000           
      supplemental cash flow information — interest paid
    		                                                                            
      assets and liabilities assumed from business combinations:
    		                                                                            
      real estate investments
    		                                                                            
      other assets acquired
    		                                                                            
      liability to subsidiary trust issuing preferred securities
    		                                                                            
      minority interests
    		                                                                   126,000         
      issuance of common stock
    		                                                                            
      issuance of preferred stock
    		                                                                            
      proceeds from issuance of senior notes
    		                                                                     0    0   
      principal payments on senior notes
    		                                                                     0    0   
      supplemental cash flow information-interest paid
    		                                                                 12,470,000 44,126,000 21,934,000 29,912,000 17,604,000 29,468,000 17,477,000  20,496,000 15,970,000 26,817,000 
      supplemental schedule of non-cash activites:
    		                                                                            
      increase in deferred loan expense
    		                                                                            
      secured debt assumed from real property acquisitions
    		                                                                            
      assets and liabilities assumed from the windrose acquisition:
    		                                                                            
      benefit from depreciation
    		                                                                     24,526,000 24,130,000 23,262,000  22,068,000 21,009,000 20,396,000 
      amortization
    		                                                                     781,000 -1,789,000 3,207,000  911,000 2,314,000 1,042,000 
      investment in investment securities
    		                                                                            
      investment in equity securities
    		                                                                            
      cash provided from (used in) operating activities
    		                                                                            
      cash provided from (used in) investing activities
    		                                                                            
      investment in loans receivable and subdebt investments
    		                                                                         -16,049,000 -8,963,000 -14,113,000 
      principal collected on loans receivable and subdebt investments
    		                                                                         24,650,000 8,311,000 23,412,000 
      transaction fees earned greater than cash received
    		                                                                            
      equity in losses (earnings) of affiliated companies
    		                                                                            
      proceeds from issuance of senior unsecured notes and secured 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.