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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 110,247 $ 126,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 172,049 180,144
Depreciation of non-real estate furniture, fixtures, and equipment 3,133 3,894
Revenue reversals for doubtful accounts, net (Note 8) 3,889 3,290
Non-cash amortization of share-based compensation awards 8,691 17,764
Non-cash amortization of deferred financing costs and debt discounts 3,317 2,609
Non-cash amortization of net below market rents (1,790) (4,641)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (9,327) (9,910)
Straight-line rents (2,755) (13,636)
Amortization of right of use ground lease assets 528 508
Net change in other operating assets (13,097) (8,244)
Net change in other operating liabilities (18,323) (14,733)
Net cash provided by operating activities 256,562 283,550
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturity of certificates of deposit (Note 2) 256,581 0
Expenditures for development and redevelopment properties and undeveloped land (180,571) (214,277)
Expenditures for operating properties and other capital assets (35,195) (45,113)
Net cash provided by (used in) investing activities 40,815 (259,390)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock and restricted stock units (5,918) (9,703)
Distributions to noncontrolling interests in consolidated property partnerships (12,825) (17,477)
Dividends and distributions paid to common stockholders and common unitholders (127,930) (127,602)
Financing costs (17,517) (2,012)
Principal payments and repayments of secured debt (2,973) (2,860)
Proceeds from the issuance of unsecured debt (Note 4) 395,516 0
Repayments of unsecured debt (Note 4) (200,000) 0
Borrowings on unsecured debt 0 150,000
Net cash provided by (used in) financing activities 28,353 (9,654)
Net increase in cash and cash equivalents and restricted cash 325,730 14,506
Cash and cash equivalents and restricted cash, beginning of period 510,163 347,379
Cash and cash equivalents and restricted cash, end of period $ 835,893 $ 361,885