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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 232,954 $ 238,288 $ 259,493
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of real estate assets and leasing costs 349,828 348,064 350,665
Depreciation of non-real estate furniture, fixtures, and equipment 6,354 7,214 6,946
Revenue reversals (recoveries) for doubtful accounts, net (Notes 2 and 18) 2,416 11,553 (123)
Non-cash amortization of share-based compensation awards (Note 16) 17,714 36,858 28,347
Non-cash amortization of deferred financing costs and net debt discounts 6,893 5,200 3,657
Non-cash amortization of net below market rents (Note 7) (3,521) (6,648) (10,476)
Gains on sales of depreciable operating properties (Note 4) 0 0 (17,329)
Gain on sales of long-lived assets (5,979) 0 0
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (Note 11) (17,605) (19,181) (19,321)
Straight-line rents 3,160 (19,262) (46,231)
Amortization of right of use ground lease assets 1,066 1,024 772
Net change in other operating assets 1,894 2,322 (12,606)
Net change in other operating liabilities (54,025) (2,843) 48,441
Net cash provided by operating activities 541,149 602,589 592,235
CASH FLOWS FROM INVESTING ACTIVITIES:      
Maturity (Purchases) of certificates of deposit (Note 5) 256,581    
Maturity (Purchases) of certificates of deposit (Note 5)   (256,581) 0
Expenditures for development and redevelopment properties and undeveloped land (365,521) (446,426) (453,774)
Expenditures for operating properties and other capital assets (100,303) (97,393) (92,802)
Expenditures for acquisitions of development properties and undeveloped land (Note 3) 0 0 (40,033)
Net proceeds received from dispositions of long-lived assets (Note 8) 19,354 0 0
Net proceeds received from dispositions of real estate assets (Note 4) 0 0 33,416
Expenditures for acquisitions of operating properties (35,155) 0 0
Net cash used in investing activities (225,044) (800,400) (553,193)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Distributions to noncontrolling interests in consolidated property partnerships (23,829) (30,097) (36,269)
Dividends and distributions paid to common stockholders and common unitholders (256,306) (255,430) (247,556)
Repurchase of common stock and restricted stock units (Note 16) (27,636) (11,595) (22,934)
Financing costs (Note 10) (18,605) (10,924) (6,432)
Principal payments and repayments of secured debt (Note 10) (6,006) (5,775) (5,555)
Proceeds from the issuance of unsecured debt (Note 10) 395,516 0 0
Repayments of unsecured debt (Note 10) (723,712) 0 0
Borrowings on unsecured debt (Note 10) 0 320,000 200,000
Repurchases of unsecured debt (Note 10) 0 (20,584) 0
Proceeds from the issuance of secured debt (Note 10) 0 375,000 0
Net cash (used in) provided by financing activities (660,578) 360,595 (118,746)
Net (decrease) increase in cash and cash equivalents and restricted cash (344,473) 162,784 (79,704)
Cash and cash equivalents and restricted cash, beginning of year 510,163 347,379 427,083
Cash and cash equivalents and restricted cash, end of year $ 165,690 $ 510,163 $ 347,379