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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 107,811 $ 71,257
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairment of Real Estate 11,812 43,785
(Gain) loss on sale of real estate (19,408) 1,135
Deferred income tax benefit (526) (182)
Equity in loss from joint ventures (4,533) (2,600)
Financing Receivable, Credit Loss, Expense (Reversal) 3,141 312
Depreciation and amortization 81,943 84,909
Amortization of deferred financing costs 4,446 4,279
Amortization of above/below market leases and tenant allowances, net (168) (274)
Share-based Payment Arrangement, Noncash Expense 7,230 8,799
share based compensation included in severance expense 1,598 304
Increase (Decrease) in Operating Lease Assets and Liabilities, Net (602) 460
Mortgage notes accrued interest receivable (2,235) (917)
Accounts receivable (11,920) 249
Other assets (6,499) (6,181)
Accounts payable and accrued liabilities (6,851) 5,466
Increase (Decrease) in Deferred Revenue 3,893 4,887
Net cash provided by operating activities 178,198 220,888
Investing activities:    
Payments to Acquire Productive Assets 41,879 47,115
Proceeds from Sale of Productive Assets 56,493 8,373
Payments to Acquire Interest in Subsidiaries and Affiliates (186) (3,399)
Investment in mortgage notes receivable (24,177) (6,040)
Proceeds from Sale and Collection of Mortgage Notes Receivable 352 268
Investment in promissory notes receivable 0 3,025
Proceeds from promissory note receivable paydown 383 353
Additions to properties under development (63,468) (38,886)
Net cash used by investing activities (72,482) (89,471)
Financing activities:    
Proceeds from long-term debt facilities 20,000 0
Repayments of Long-Term Debt (20,000) 0
Deferred financing fees paid (370) (279)
Net proceeds from issuance of common shares 402 311
Purchase of common shares for treasury (11,375) (3,662)
Dividends paid to shareholders (138,513) (136,057)
Net cash used by financing activities (149,856) (139,687)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (152) 93
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (44,292) (8,177)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 36,689 102,334
Cash and Cash Equivalents, at Carrying Value 33,731 99,711
Restricted Cash and Cash Equivalents 2,958 2,623
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 111,154 29,366
Real Estate Owned, Transfer from Real Estate Owned 0 1,321
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 21,769 25,805
Supplemental disclosure of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 62,843 63,417
Cash paid during the period for income taxes 1,222 964
Interest cost capitalized 1,428 1,629
Change in accrued capital expenditures $ (13,608) $ (5,639)