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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 128,231 $ 186,378
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 436,540 429,857
Impairment associated with land development activities 40,988 0
Loss on early retirement of debt 921 2,513
Gain on sale of operating property (43,806) (48,919)
Share-based compensation 10,789 10,864
Net change in operating accounts and other 48,856 22,277
Net cash from operating activities 622,519 602,970
Cash flows from investing activities    
Development and capital improvements, including land (306,612) (294,320)
Net proceeds from sale of operating property 114,474 60,359
Increase in non-real estate assets (3,812) (4,925)
Other (92) (1,796)
Net cash from investing activities (196,042) (240,682)
Cash flows from financing activities    
Borrowings on unsecured revolving credit facility 258,000 1,192,000
Repayments on unsecured revolving credit facility (120,000) (787,000)
Proceeds from Notes Payable 395,952 0
Repayment of notes payable (800,000) (437,749)
Distributions to common shareholders and non-controlling interests (337,456) (324,446)
Payments for Repurchase of Common Stock (49,997) 0
Other 1,323 438
Net cash from financing activities (652,178) (356,757)
Net (decrease)/increase in cash, cash equivalents, and restricted cash (225,701) 5,531
Cash, cash equivalents, and restricted cash, beginning of period 268,047 17,438
Cash, cash equivalents, and restricted cash, end of period 42,346 22,969
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 31,234 14,600
Restricted cash 11,112 8,369
Total cash, cash equivalents, and restricted cash 42,346 22,969
Supplemental information    
Cash paid for interest, net of interest capitalized 86,528 95,480
Cash paid for income taxes 2,811 3,282
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 113,505 110,463
Value of shares issued under benefit plans, net of cancellations 25,232 24,974
Accrual associated with construction and capital expenditures $ 28,834 $ 22,556