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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 loss $ (197,665) $ (278,099) $ (65,079)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Gain on extinguishment of debt (14,403) (8,208) 0
(Gain) loss on sale or write down of assets, net (38,959) 134,523 (7,698)
Depreciation and amortization 305,875 296,394 302,480
Amortization of net discount on mortgage notes payable 13,061 0 0
Amortization of share and unit-based plans 12,131 13,166 17,638
Straight-line rent and amortization of above and below market leases, net (3,057) 522 (1,271)
Provision for (recovery of) doubtful accounts 6,153 (2,699) (656)
Income tax (benefit) expense (1,300) (494) 705
Equity in loss of unconsolidated joint ventures 197,352 156,937 5,256
Change in fair value of financing arrangement obligation (13,795) (35,118) 24,233
Distributions of income from unconsolidated joint ventures 0 280 1,532
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables 3,441 354 6,610
Other assets (16,193) 6,100 (13,246)
Due from affiliates 2,915 (1,456) (3,626)
Accounts payable and accrued expenses 21,306 1,870 (382)
Other accrued liabilities 6,583 11,430 71,014
Net cash provided by operating activities 283,445 295,502 337,510
Cash flows from investing activities:      
Acquisition of property (170,829) (46,687) (24,544)
Development, redevelopment, expansion and renovation of properties (109,317) (77,941) (42,153)
Property improvements (58,330) (74,562) (52,640)
Proceeds from collection of notes receivable 0 3,500 0
Deferred leasing costs (4,910) (7,000) (3,111)
Distributions from unconsolidated joint ventures 93,998 300,861 131,306
Contributions to unconsolidated joint ventures (48,967) (81,158) (81,718)
Cash and restricted cash acquired from acquisition of previously unconsolidated joint venture 49,002 0 0
Derecognition of cash previously held by a consolidated joint venture to an unconsolidated joint venture (13,005) 0 0
Proceeds from collection of receivable in connection with sale of joint venture property 0 0 21,000
Proceeds from sale of assets 282,148 35,528 50,458
Net cash provided by (used in) investing activities 19,790 52,541 (1,402)
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 1,225,000 719,000 277,000
Payments on mortgages, bank and other notes payable (2,023,651) (863,258) (406,075)
Deferred financing costs (8,785) (28,913) (6,446)
Payment on finance arrangement obligation 0 (5,587) 0
Payments on finance leases (6,197) (2,000) (1,923)
Proceeds from share and unit-based plans 1,847 1,798 1,741
Proceeds (costs) from stock offerings, net   (583) (183)
Proceeds (costs) from stock offerings, net 657,025    
Redemption of noncontrolling interests 0 (55) (328)
Contributions from noncontrolling interests 0 0 602
Dividends and distributions (161,289) (159,290) (186,328)
Net cash used in financing activities (316,050) (338,888) (321,940)
Net (decrease) increase in cash and cash equivalents and restricted cash (12,815) 9,155 14,168
Cash and cash equivalents and restricted cash at beginning of year 190,294 181,139 166,971
Cash and cash equivalents and restricted cash at end of year 177,479 190,294 181,139
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 186,345 191,500 180,321
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 49,484 48,191 35,334
Derecognition of previously consolidated property and related liabilities to investment in unconsolidated joint venture 347,290 0 0
Conversion of Operating Partnership Units to common stock 11,208 5,429 2,700
Assets acquired from unconsolidated joint ventures 2,124,511 46,713 23,554
Liabilities assumed from previously unconsolidated joint venture $ 1,867,749 $ 0 $ 0