10-Q Filing

MACERICH CO CIK: 912242 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000912242-22-000023`
Period End Date	20220630
Filing Date	20220808
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	mac-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 80 Cash Flow Statement 95 Stockholders Equity 61 Comprehensive Income 20

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$6.18B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Property, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$6.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	215.11M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$465.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	214.80M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$52.06M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$69.30M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$54.52M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$17.36M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	214.80M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	215.11M	shares	Point-in-time
Tenant and other receivables, net	`AccountsAndNotesReceivableNet`	$211.36M	USD	Point-in-time
Tenant and other receivables, net	`AccountsAndNotesReceivableNet`	$162.31M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$110.64M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$129.16M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$238.85M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$254.91M	USD	Point-in-time
Due from affiliates	`DueFromAffiliates`	-	USD	Point-in-time
Due from affiliates	`DueFromAffiliates`	$3.21M	USD	Point-in-time
Investments in unconsolidated joint ventures	`EquityMethodInvestments`	$1.25B	USD	Point-in-time
Investments in unconsolidated joint ventures	`EquityMethodInvestments`	$1.32B	USD	Point-in-time
Total assets	`Assets`	$8.11B	USD	Point-in-time
Total assets	`Assets`	$8.35B	USD	Point-in-time
Mortgage notes payable	`SecuredDebt`	$4.42B	USD	Point-in-time
Mortgage notes payable	`SecuredDebt`	$4.36B	USD	Point-in-time
Bank and other notes payable	`ConvertibleDebtLineOfCreditAndOtherNotesPayable`	$74.96M	USD	Point-in-time
Bank and other notes payable	`ConvertibleDebtLineOfCreditAndOtherNotesPayable`	$104.81M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$53.89M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$59.23M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$327.00K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	-	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiability`	$80.71M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiability`	$98.43M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$214.45M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$254.28M	USD	Point-in-time
Distributions in excess of investments in unconsolidated joint ventures	`InvestmentsInUnconsolidatedJointVentures`	$126.36M	USD	Point-in-time
Distributions in excess of investments in unconsolidated joint ventures	`InvestmentsInUnconsolidatedJointVentures`	$127.61M	USD	Point-in-time
Financing arrangement obligation	`FinancingArrangementObligation`	$128.77M	USD	Point-in-time
Financing arrangement obligation	`FinancingArrangementObligation`	$118.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.06B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at June 30, 2022 and December 31, 2021, and 215,113,342 and 214,797,057 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$2.15M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at June 30, 2022 and December 31, 2021, and 215,113,342 and 214,797,057 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.50B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.49B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.56B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.44B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$16.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.94B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.05B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$114.92M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$129.28M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.13B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.11B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.35B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Leasing revenue	`OperatingLeaseLeaseIncome`	$392.00M	USD	2 Qtrs
Leasing revenue	`OperatingLeaseLeaseIncome`	$376.52M	USD	2 Qtrs
Leasing revenue	`OperatingLeaseLeaseIncome`	$188.59M	USD	1 Quarter
Leasing revenue	`OperatingLeaseLeaseIncome`	$196.99M	USD	1 Quarter
Total revenues	`Revenues`	$204.09M	USD	1 Quarter
Total revenues	`Revenues`	$420.24M	USD	2 Qtrs
Total revenues	`Revenues`	$405.90M	USD	2 Qtrs
Total revenues	`Revenues`	$215.47M	USD	1 Quarter
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$6.64M	USD	1 Quarter
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$8.15M	USD	1 Quarter
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$15.76M	USD	2 Qtrs
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$11.80M	USD	2 Qtrs
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$6.44M	USD	1 Quarter
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$14.77M	USD	2 Qtrs
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$6.68M	USD	1 Quarter
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$13.30M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$145.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$156.03M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$72.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$77.63M	USD	1 Quarter
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$173.62M	USD	1 Quarter
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$351.71M	USD	2 Qtrs
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$356.27M	USD	2 Qtrs
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$174.52M	USD	1 Quarter
Related parties	`InterestIncomeExpenseRelatedParty`	$-4.27M	USD	2 Qtrs
Related parties	`InterestIncomeExpenseRelatedParty`	$-16.89M	USD	2 Qtrs
Related parties	`InterestIncomeExpenseRelatedParty`	$-8.89M	USD	1 Quarter
Related parties	`InterestIncomeExpenseRelatedParty`	$-2.95M	USD	1 Quarter
Other	`InterestExpenseOther`	$44.30M	USD	1 Quarter
Other	`InterestExpenseOther`	$104.54M	USD	2 Qtrs
Other	`InterestExpenseOther`	$88.16M	USD	2 Qtrs
Other	`InterestExpenseOther`	$51.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$108.81M	USD	2 Qtrs
Interest expense	`InterestExpense`	$53.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$54.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$105.05M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$227.71M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$456.76M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$228.54M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$465.08M	USD	2 Qtrs
Equity in income (loss) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$21.95M	USD	2 Qtrs
Equity in income (loss) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$20.04M	USD	1 Quarter
Equity in income (loss) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-22.74M	USD	2 Qtrs
Equity in income (loss) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$6.35M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$7.11M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-670.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$9.35M	USD	2 Qtrs
(Loss) gain on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.09M	USD	1 Quarter
(Loss) gain on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-25.21M	USD	2 Qtrs
(Loss) gain on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.93M	USD	1 Quarter
(Loss) gain on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$5.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-71.79M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-4.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.58M	USD	2 Qtrs
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.48M	USD	2 Qtrs
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.30M	USD	1 Quarter
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.70M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-75.37M	USD	2 Qtrs
Net loss attributable to the Company	`NetIncomeLoss`	$-15.38M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-52.57M	USD	2 Qtrs
Net loss attributable to the Company	`NetIncomeLoss`	$-11.77M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.42	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.42	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	182.30M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.91M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	205.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	214.91M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.30M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	214.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.76M	shares	1 Quarter

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-71.79M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-4.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
(Gain) loss on sale or write down of assets, net	`GainLossOnSaleOrWriteDownOfAssets`	$-25.21M	USD	2 Qtrs
(Gain) loss on sale or write down of assets, net	`GainLossOnSaleOrWriteDownOfAssets`	$5.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$150.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$162.60M	USD	2 Qtrs
Amortization of share and unit-based plans	`ShareBasedCompensation`	$7.46M	USD	2 Qtrs
Amortization of share and unit-based plans	`ShareBasedCompensation`	$9.15M	USD	2 Qtrs
Straight-line rent and amortization of above and below market leases	`StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases`	$11.32M	USD	2 Qtrs
Straight-line rent and amortization of above and below market leases	`StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases`	$-1.66M	USD	2 Qtrs
Recovery of doubtful accounts	`ProvisionForDoubtfulAccounts`	$-876.00K	USD	2 Qtrs
Recovery of doubtful accounts	`ProvisionForDoubtfulAccounts`	$-5.91M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-670.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.35M	USD	2 Qtrs
Equity in loss (income) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$21.95M	USD	2 Qtrs
Equity in loss (income) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$20.04M	USD	1 Quarter
Equity in loss (income) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-22.74M	USD	2 Qtrs
Equity in loss (income) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$6.35M	USD	1 Quarter
Distributions of income from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$385.00K	USD	2 Qtrs
Distributions of income from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Change in fair value of financing arrangement obligation	`LiabilitiesFairValueAdjustment`	$2.30M	USD	2 Qtrs
Change in fair value of financing arrangement obligation	`LiabilitiesFairValueAdjustment`	$-9.79M	USD	2 Qtrs
Tenant and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-81.17M	USD	2 Qtrs
Tenant and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-26.36M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.48M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.58M	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$3.54M	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$3.20M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.43M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-5.20M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-26.96M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-50.35M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.42M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$113.03M	USD	2 Qtrs
Development, redevelopment, expansion and renovation of properties	`PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate`	$35.56M	USD	2 Qtrs
Development, redevelopment, expansion and renovation of properties	`PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate`	$21.23M	USD	2 Qtrs
Property improvements	`PaymentsToDevelopRealEstateAssets`	$16.11M	USD	2 Qtrs
Property improvements	`PaymentsToDevelopRealEstateAssets`	$17.71M	USD	2 Qtrs
Proceeds from repayment of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.30M	USD	2 Qtrs
Proceeds from repayment of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Deferred leasing costs	`IncreaseDecreaseInDeferredLeasingFees`	$1.18M	USD	2 Qtrs
Deferred leasing costs	`IncreaseDecreaseInDeferredLeasingFees`	$915.00K	USD	2 Qtrs
Distributions from unconsolidated joint ventures	`DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther`	$45.98M	USD	2 Qtrs
Distributions from unconsolidated joint ventures	`DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther`	$70.86M	USD	2 Qtrs
Contributions to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$31.89M	USD	2 Qtrs
Contributions to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$39.49M	USD	2 Qtrs
Proceeds from collection of receivable in connection with sale of joint venture property	`ProceedsFromCollectionOfReceivableInConnectionWithSaleOfJointVentureProperty`	-	USD	2 Qtrs
Proceeds from collection of receivable in connection with sale of joint venture property	`ProceedsFromCollectionOfReceivableInConnectionWithSaleOfJointVentureProperty`	$21.00M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet`	$30.99M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet`	$149.99M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$104.94M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.12M	USD	2 Qtrs
Proceeds from mortgages, bank and other notes payable	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$495.00M	USD	2 Qtrs
Proceeds from mortgages, bank and other notes payable	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$25.00M	USD	2 Qtrs
Payments on mortgages, bank and other notes payable	`RepaymentsOfLongTermDebt`	$100.14M	USD	Point-in-time
Payments on mortgages, bank and other notes payable	`RepaymentsOfLongTermDebt`	$120.80M	USD	2 Qtrs
Payments on mortgages, bank and other notes payable	`RepaymentsOfLongTermDebt`	$1.63B	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.92M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$22.23M	USD	2 Qtrs
Payments on finance leases	`FinanceLeasePrincipalPayments`	$1.15M	USD	2 Qtrs
Payments on finance leases	`FinanceLeasePrincipalPayments`	$1.10M	USD	2 Qtrs
Net (costs) proceeds from stock offerings	`ProceedsFromIssuanceOfCommonStock`	$-120.00K	USD	2 Qtrs
Net (costs) proceeds from stock offerings	`ProceedsFromIssuanceOfCommonStock`	$791.42M	USD	2 Qtrs
Proceeds from share and unit-based plans	`ProceedsFromStockPlans`	$960.00K	USD	2 Qtrs
Proceeds from share and unit-based plans	`ProceedsFromStockPlans`	$595.00K	USD	2 Qtrs
Redemption of noncontrolling interests	`PaymentsToMinorityShareholders`	$1.00K	USD	2 Qtrs
Redemption of noncontrolling interests	`PaymentsToMinorityShareholders`	$328.00K	USD	2 Qtrs
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$124.00K	USD	2 Qtrs
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Dividends and distributions	`PaymentsOfDividendsCommonStock`	$68.54M	USD	2 Qtrs
Dividends and distributions	`PaymentsOfDividendsCommonStock`	$76.71M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-175.07M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-437.30M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-219.33M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.53M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$482.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$166.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$263.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$482.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$166.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$263.33M	USD	Point-in-time
Cash payments for interest, net of amounts capitalized	`InterestPaidNet`	$90.73M	USD	2 Qtrs
Cash payments for interest, net of amounts capitalized	`InterestPaidNet`	$113.48M	USD	2 Qtrs
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$23.34M	USD	2 Qtrs
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$22.38M	USD	2 Qtrs
Conversion of Operating Partnership Units to common stock	`ConversionOfStockAmountConverted1`	$2.08M	USD	2 Qtrs
Conversion of Operating Partnership Units to common stock	`ConversionOfStockAmountConverted1`	$22.22M	USD	2 Qtrs
Accrued receivable of net proceeds from stock offering	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Accrued receivable of net proceeds from stock offering	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$14.63M	USD	Point-in-time

Stockholders Equity 61 line items

Line Item	Tag	Value	Unit	Period
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	2 Qtrs
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	2 Qtrs
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.15	USD	1 Quarter
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.15	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	214.80M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	215.11M	shares	Point-in-time
Net (loss) income	`ProfitLoss`	$-71.79M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-4.06M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-17.69M	USD	1 Quarter
Interest rate cap agreement	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.74M	USD	1 Quarter
Interest rate cap agreement	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00K	USD	1 Quarter
Interest rate cap agreement	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$5.43M	USD	2 Qtrs
Interest rate cap agreement	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00K	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.36M	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.38M	USD	1 Quarter
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$11.45M	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.33M	USD	1 Quarter
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$960.00K	USD	1 Quarter
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$960.00K	USD	2 Qtrs
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$595.00K	USD	2 Qtrs
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$595.00K	USD	1 Quarter
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$806.05M	USD	2 Qtrs
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-120.00K	USD	2 Qtrs
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-50.00K	USD	1 Quarter
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$167.91M	USD	1 Quarter
Distributions paid	`DividendsCommonStockCash`	$64.53M	USD	2 Qtrs
Distributions paid	`DividendsCommonStockCash`	$54.35M	USD	2 Qtrs
Distributions paid	`DividendsCommonStockCash`	$31.02M	USD	1 Quarter
Distributions paid	`DividendsCommonStockCash`	$32.23M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.86M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.18M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.17M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.19M	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterests`	-	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterests`	$-1.00K	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterests`	$576.00K	USD	2 Qtrs
Conversion of noncontrolling interests to common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	2 Qtrs
Conversion of noncontrolling interests to common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	2 Qtrs
Conversion of noncontrolling interests to common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	1 Quarter
Redemption of noncontrolling interests	`MinorityInterestDecreaseFromRedemptions`	$1.00K	USD	2 Qtrs
Redemption of noncontrolling interests	`MinorityInterestDecreaseFromRedemptions`	$328.00K	USD	1 Quarter
Redemption of noncontrolling interests	`MinorityInterestDecreaseFromRedemptions`	$328.00K	USD	2 Qtrs
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	2 Qtrs
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	1 Quarter
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	1 Quarter
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.13B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	214.80M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	215.11M	shares	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-71.79M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-4.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
Interest rate cap/swap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.74M	USD	1 Quarter
Interest rate cap/swap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00K	USD	1 Quarter
Interest rate cap/swap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$5.43M	USD	2 Qtrs
Interest rate cap/swap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-66.36M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-55.00M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.32M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.68M	USD	1 Quarter
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.58M	USD	2 Qtrs
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.48M	USD	2 Qtrs
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.30M	USD	1 Quarter
Less: net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.70M	USD	1 Quarter
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-69.94M	USD	2 Qtrs
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-9.03M	USD	1 Quarter
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-15.38M	USD	1 Quarter
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-52.53M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.