10-Q Filing

MACERICH CO CIK: 912242 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000912242-23-000021`
Period End Date	20230630
Filing Date	20230809
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mac-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 72 Cash Flow Statement 92 Stockholders Equity 56 Comprehensive Income 20

Balance Sheet 66 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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.62M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.24M	shares	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.62M	shares	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.24M	shares	Point-in-time
Property, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$6.13B	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$6.14B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.47M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$80.82M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$52.06M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$54.52M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$92.34M	USD	Point-in-time
Tenant and other receivables, net	`AccountsAndNotesReceivableNet`	$162.00M	USD	Point-in-time
Tenant and other receivables, net	`AccountsAndNotesReceivableNet`	$183.59M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$122.44M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$126.61M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$247.42M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$245.47M	USD	Point-in-time
Investments in unconsolidated joint ventures	`EquityMethodInvestments`	$1.03B	USD	Point-in-time
Investments in unconsolidated joint ventures	`EquityMethodInvestments`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$7.89B	USD	Point-in-time
Total assets	`Assets`	$8.09B	USD	Point-in-time
Mortgage notes payable	`SecuredDebt`	$4.24B	USD	Point-in-time
Mortgage notes payable	`SecuredDebt`	$4.17B	USD	Point-in-time
Bank and other notes payable	`ConvertibleDebtLineOfCreditAndOtherNotesPayable`	$163.12M	USD	Point-in-time
Bank and other notes payable	`ConvertibleDebtLineOfCreditAndOtherNotesPayable`	$124.29M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$57.00M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$63.11M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiability`	$94.91M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiability`	$88.17M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$318.75M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$310.94M	USD	Point-in-time
Distributions in excess of investments in unconsolidated joint ventures	`InvestmentsInUnconsolidatedJointVentures`	$195.10M	USD	Point-in-time
Distributions in excess of investments in unconsolidated joint ventures	`InvestmentsInUnconsolidatedJointVentures`	$121.09M	USD	Point-in-time
Financing arrangement obligation	`FinancingArrangementObligation`	$135.70M	USD	Point-in-time
Financing arrangement obligation	`FinancingArrangementObligation`	$143.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.09B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.14B	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, 2023 and December 31, 2022, and 215,617,797 and 215,241,129 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$2.15M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at June 30, 2023 and December 31, 2022, and 215,617,797 and 215,241,129 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.52B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.51B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.64B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$632.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.73B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$77.64M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$83.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.81B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$7.89B	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$8.09B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Leasing revenue	`OperatingLeaseLeaseIncome`	$192.65M	USD	1 Quarter
Leasing revenue	`OperatingLeaseLeaseIncome`	$392.00M	USD	2 Qtrs
Leasing revenue	`OperatingLeaseLeaseIncome`	$188.59M	USD	1 Quarter
Leasing revenue	`OperatingLeaseLeaseIncome`	$391.70M	USD	2 Qtrs
Total revenues	`Revenues`	$427.23M	USD	2 Qtrs
Total revenues	`Revenues`	$204.09M	USD	1 Quarter
Total revenues	`Revenues`	$212.37M	USD	1 Quarter
Total revenues	`Revenues`	$420.24M	USD	2 Qtrs
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$8.15M	USD	1 Quarter
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$15.76M	USD	2 Qtrs
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$8.45M	USD	1 Quarter
Leasing expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$18.10M	USD	2 Qtrs
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$13.30M	USD	2 Qtrs
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$15.78M	USD	2 Qtrs
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$8.80M	USD	1 Quarter
REIT general and administrative expenses	`GeneralAndAdministrativeExpense`	$6.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$145.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$72.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$141.84M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$70.39M	USD	1 Quarter
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$352.50M	USD	2 Qtrs
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$174.52M	USD	1 Quarter
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$175.02M	USD	1 Quarter
Total expenses before interest	`CostsAndExpensesBeforeInterest`	$351.71M	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-53.19M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-105.05M	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-54.70M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-94.13M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$227.71M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$446.63M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$456.76M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$229.73M	USD	1 Quarter
Equity in (loss) income of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-68.77M	USD	2 Qtrs
Equity in (loss) income of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$6.35M	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`	$-6.96M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$371.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-1.51M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-670.00K	USD	1 Quarter
Gain (loss) on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.09M	USD	1 Quarter
Gain (loss) on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$5.36M	USD	2 Qtrs
Gain (loss) on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$14.06M	USD	2 Qtrs
Gain (loss) on sale or write down of assets, net	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$10.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-72.60M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.48M	USD	2 Qtrs
Less: net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.30M	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$558.00K	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	2 Qtrs
Net loss attributable to the Company	`NetIncomeLoss`	$-15.38M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-14.96M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-52.57M	USD	2 Qtrs
Net loss attributable to the Company	`NetIncomeLoss`	$-73.70M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.34	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.34	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.46M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.38M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.91M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.38M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	214.91M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	214.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.46M	shares	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-72.60M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
Gain on sale or write down of assets, net	`GainLossOnSaleOrWriteDownOfAssets`	$5.36M	USD	2 Qtrs
Gain on sale or write down of assets, net	`GainLossOnSaleOrWriteDownOfAssets`	$14.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$150.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$149.34M	USD	2 Qtrs
Amortization of share and unit-based plans	`ShareBasedCompensation`	$9.15M	USD	2 Qtrs
Amortization of share and unit-based plans	`ShareBasedCompensation`	$9.87M	USD	2 Qtrs
Straight-line rent and amortization of above and below market leases	`StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases`	$373.00K	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`	$-1.65M	USD	2 Qtrs
Recovery of doubtful accounts	`ProvisionForDoubtfulAccounts`	$-876.00K	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$371.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-1.51M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-670.00K	USD	1 Quarter
Equity in loss of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-68.77M	USD	2 Qtrs
Equity in loss of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$6.35M	USD	1 Quarter
Equity in loss of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-22.74M	USD	2 Qtrs
Equity in loss of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-6.96M	USD	1 Quarter
Distributions of income from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$385.00K	USD	2 Qtrs
Distributions of income from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$280.00K	USD	2 Qtrs
Change in fair value of financing arrangement obligation	`LiabilitiesFairValueAdjustment`	$7.52M	USD	2 Qtrs
Change in fair value of financing arrangement obligation	`LiabilitiesFairValueAdjustment`	$-9.79M	USD	2 Qtrs
Tenant and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-26.36M	USD	2 Qtrs
Tenant and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-20.41M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.58M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.36M	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$3.54M	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$2.45M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.10M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-5.20M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-10.05M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-26.96M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.72M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.42M	USD	2 Qtrs
Acquisitions of property	`PaymentsToAcquireRealEstate`	$46.69M	USD	2 Qtrs
Acquisitions of property	`PaymentsToAcquireRealEstate`	-	USD	2 Qtrs
Development, redevelopment, expansion and renovation of properties	`PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate`	$21.23M	USD	2 Qtrs
Development, redevelopment, expansion and renovation of properties	`PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate`	$32.72M	USD	2 Qtrs
Property improvements	`PaymentsToDevelopRealEstateAssets`	$35.37M	USD	2 Qtrs
Property improvements	`PaymentsToDevelopRealEstateAssets`	$17.71M	USD	2 Qtrs
Deferred leasing costs	`DeferredLeasingFeesInvestingActivities`	$915.00K	USD	2 Qtrs
Deferred leasing costs	`DeferredLeasingFeesInvestingActivities`	$3.37M	USD	2 Qtrs
Distributions from unconsolidated joint ventures	`DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther`	$186.06M	USD	2 Qtrs
Distributions from unconsolidated joint ventures	`DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther`	$70.86M	USD	2 Qtrs
Contributions to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$37.24M	USD	2 Qtrs
Contributions to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$31.89M	USD	2 Qtrs
Proceeds from collection of receivable in connection with sale of joint venture property	`ProceedsFromCollectionOfReceivableInConnectionWithSaleOfJointVentureProperty`	$21.00M	USD	2 Qtrs
Proceeds from collection of receivable in connection with sale of joint venture property	`ProceedsFromCollectionOfReceivableInConnectionWithSaleOfJointVentureProperty`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet`	$28.24M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet`	$30.99M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$58.92M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.12M	USD	2 Qtrs
Proceeds from mortgages, bank and other notes payable	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$130.00M	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`	$120.80M	USD	2 Qtrs
Payments on mortgages, bank and other notes payable	`RepaymentsOfLongTermDebt`	$226.09M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$16.49M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.92M	USD	2 Qtrs
Payments on finance leases	`FinanceLeasePrincipalPayments`	$1.19M	USD	2 Qtrs
Payments on finance leases	`FinanceLeasePrincipalPayments`	$1.15M	USD	2 Qtrs
Costs from stock offerings	`PaymentsOfStockIssuanceCosts`	$120.00K	USD	2 Qtrs
Costs from stock offerings	`PaymentsOfStockIssuanceCosts`	$77.00K	USD	2 Qtrs
Proceeds from share and unit-based plans	`ProceedsFromStockPlans`	$1.02M	USD	2 Qtrs
Proceeds from share and unit-based plans	`ProceedsFromStockPlans`	$960.00K	USD	2 Qtrs
Redemption of noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Redemption of noncontrolling interests	`PaymentsToMinorityShareholders`	$328.00K	USD	2 Qtrs
Dividends and distributions	`PaymentsOfDividendsCommonStock`	$81.14M	USD	2 Qtrs
Dividends and distributions	`PaymentsOfDividendsCommonStock`	$76.71M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.97M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-175.07M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.53M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.66M	USD	2 Qtrs
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`	$181.14M	USD	Point-in-time
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`	$184.80M	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`	$181.14M	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`	$184.80M	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`	$94.69M	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`	$40.20M	USD	2 Qtrs
Conversion of Operating Partnership Units to common stock	`ConversionOfStockAmountConverted1`	-	USD	2 Qtrs
Conversion of Operating Partnership Units to common stock	`ConversionOfStockAmountConverted1`	$2.08M	USD	2 Qtrs
Assets acquired from unconsolidated joint venture	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$46.71M	USD	2 Qtrs
Assets acquired from unconsolidated joint venture	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	2 Qtrs

Stockholders Equity 56 line items

Line Item	Tag	Value	Unit	Period
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.34	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`	$0.17	USD	1 Quarter
Distributions declared, per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	2 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.81B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	215.62M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	215.24M	shares	Point-in-time
Net (loss) income	`ProfitLoss`	$-14.41M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-72.60M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-17.69M	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$470.00K	USD	2 Qtrs
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00K	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$350.00K	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00K	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.05M	USD	1 Quarter
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$12.02M	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$11.45M	USD	2 Qtrs
Amortization of share and unit-based plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.38M	USD	1 Quarter
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$960.00K	USD	2 Qtrs
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.02M	USD	2 Qtrs
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.02M	USD	1 Quarter
Employee stock purchases	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$960.00K	USD	1 Quarter
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-77.00K	USD	2 Qtrs
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-50.00K	USD	1 Quarter
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-120.00K	USD	2 Qtrs
Stock offerings, net	`StockIssuedDuringPeriodValueNewIssues`	$-56.00K	USD	1 Quarter
Distributions paid	`DividendsCommonStockCash`	$73.31M	USD	2 Qtrs
Distributions paid	`DividendsCommonStockCash`	$32.23M	USD	1 Quarter
Distributions paid	`DividendsCommonStockCash`	$64.53M	USD	2 Qtrs
Distributions paid	`DividendsCommonStockCash`	$36.61M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.73M	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`	$7.84M	USD	2 Qtrs
Conversion of noncontrolling interests to common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	1 Quarter
Conversion of noncontrolling interests to common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	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	1 Quarter
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	1 Quarter
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	2 Qtrs
Adjustment of noncontrolling interests in Operating Partnership	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.10B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.81B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	215.62M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	215.24M	shares	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-72.60M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-55.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-17.69M	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$470.00K	USD	2 Qtrs
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00K	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$350.00K	USD	1 Quarter
Interest rate cap agreements	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-72.13M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-14.06M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-55.00M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.68M	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.30M	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$558.00K	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.48M	USD	2 Qtrs
Less: net income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.10M	USD	2 Qtrs
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-14.61M	USD	1 Quarter
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-73.23M	USD	2 Qtrs
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-52.53M	USD	2 Qtrs
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-15.38M	USD	1 Quarter

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