XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 43,681 $ 55,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 85,735 86,460
Depreciation of non-real estate furniture, fixtures, and equipment 1,384 1,571
Revenues deemed uncollectible 621 3,883
Non-cash amortization of share-based compensation awards 3,927 3,381
Non-cash amortization of deferred financing costs and debt discounts 1,219 1,757
Non-cash amortization of net below market rents (846) (904)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (3,688) (4,969)
Straight-line rents, net 4,613 (2,123)
Amortization of right of use ground lease assets 273 262
Net change in other operating assets (21,886) (3,594)
Net change in other operating liabilities 21,888 26,445
Net cash provided by operating activities 136,921 167,869
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for development and redevelopment properties and undeveloped land (55,347) (85,495)
Expenditures for operating properties and other capital assets (21,313) (15,981)
Maturity of certificates of deposit 0 178,325
Net cash (used in) provided by investing activities (76,660) 76,849
CASH FLOWS FROM FINANCING ACTIVITIES:    
Distributions to noncontrolling interests in consolidated property partnerships (7,226) (6,890)
Dividends and distributions paid to common stockholders and common unitholders (64,366) (63,931)
Repurchase of common stock and restricted stock units (6,009) (5,898)
Financing costs (100) (17,192)
Principal payments and repayments of secured debt (1,539) (1,479)
Proceeds from the issuance of unsecured debt 0 395,516
Repayments of unsecured debt 0 (200,000)
Net cash (used in) provided by financing activities (79,240) 100,126
Net (decrease) increase in cash and cash equivalents and restricted cash (18,979) 344,844
Cash and cash equivalents and restricted cash, beginning of period 165,690 510,163
Cash and cash equivalents and restricted cash, end of period $ 146,711 $ 855,007