XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 130,569 $ 136,559
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 290,696 285,498
Loss on early retirement of debt 921 2,513
Gain on sale of operating property (43,806) (48,919)
Share-based compensation 7,009 7,098
Net change in operating accounts and other (24,430) (16,107)
Net cash from operating activities 360,959 366,642
Cash flows from investing activities    
Development and capital improvements, including land (210,480) (196,271)
Net proceeds from sale of operating property 114,474 60,359
Other (4,472) (3,784)
Net cash from investing activities (100,478) (139,696)
Cash flows from financing activities    
Borrowings on unsecured revolving credit facility 120,000 934,000
Repayments on unsecured revolving credit facility (120,000) (499,000)
Proceeds from Notes Payable 395,952 0
Repayment of notes payable (550,000) (437,749)
Distributions to common shareholders and non-controlling interests (223,949) (214,011)
Repurchase of common shares (49,997) 0
Other 1,367 1,233
Net cash from financing activities (426,627) (215,527)
Net (decrease)/increase in cash, cash equivalents, and restricted cash (166,146) 11,419
Cash, cash equivalents, and restricted cash, beginning of period 268,047 17,438
Cash, cash equivalents, and restricted cash, end of period 101,901 28,857
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 93,932 20,326
Restricted cash 7,969 8,531
Total cash, cash equivalents, and restricted cash 101,901 28,857
Supplemental information    
Cash paid for interest, net of interest capitalized 61,786 65,103
Cash paid for income taxes 2,906 3,021
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 113,506 110,465
Value of shares issued under benefit plans, net of cancellations 25,249 25,070
Accrual associated with construction and capital expenditures $ 30,838 $ 22,342