XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net loss $ (45,389) $ (315,220)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 150,969 178,119
Other amortization 11,641 11,829
Share-based compensation 3,028 3,562
Amortization of straight-line rent receivable (lessor) (7,709) (8,568)
Amortization of straight-line rent on operating leases (lessee) 865 935
Gain on sales of real estate properties and other assets (2,904) (22)
Impairment of real estate properties and credit loss reserves 12,081 15,937
Impairment of goodwill 0 250,530
Equity (income) loss from unconsolidated joint ventures (1) 422
Distributions from unconsolidated joint ventures 3,557 1,335
Non-cash interest from financing and notes receivable (178) (242)
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (27,748) (14,989)
Accounts payable and accrued liabilities (64,848) (52,163)
Other liabilities 14,424 4,687
Net cash provided by operating activities 47,788 76,152
INVESTING ACTIVITIES    
Development of real estate (3,414) (8,383)
Additional long-lived assets (69,128) (50,388)
Funding of mortgages and notes receivable 0 (1,052)
Investments in unconsolidated joint ventures (852) 0
Investment in financing receivable (3) 746
Contributions from redeemable non-controlling interests 0 13
Proceeds from sales of real estate properties and additional long-lived assets 19,353 226
Proceeds from notes receivable repayments 15,211 277
Net cash used in investing activities (38,833) (58,561)
FINANCING ACTIVITIES    
Net borrowings on unsecured credit facility 94,000 120,000
Repayment on term loans (35,000) 0
Repayments of notes and bonds payable (345) (17,326)
Dividends paid (108,809) (118,269)
Net proceeds from issuance of common stock 0 104
Common stock redemptions (215) (318)
Distributions to non-controlling interest holders (1,315) (1,199)
Redemption of non-controlling interest (330) 0
Payments made on finance leases (135) (110)
Net cash used in financing activities (52,149) (17,118)
(Decrease) increase in cash and cash equivalents (43,194) 473
Cash and cash equivalents at beginning of period 68,916 25,699
Cash and cash equivalents at end of period 25,722 26,172
Supplemental Cash Flow Information    
Interest paid 67,283 73,518
Mortgage notes receivable taken in connection with sale of real estate 5,400 0
Invoices accrued for construction, tenant improvements and other capitalized costs 26,828 35,777
Capitalized interest $ 857 $ 942