v3.24.3
Supplemental Cash Flow Disclosures
9 Months Ended
Sep. 30, 2024
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Disclosures

15. Supplemental Cash Flow Disclosures

Cash paid for interest was $51.2 million and $54.5 million for the nine months ended September 30, 2024 and 2023, respectively. Cash paid for income taxes was $0.2 million and $0.9 million for the nine months ended September 30, 2024 and 2023, respectively.

The following are non-cash transactions and have been excluded from the accompanying Condensed Consolidated Statements of Cash Flows:

During the nine months ended September 30, 2024, the Company converted 173,034 OP Units valued at $2.8 million to 173,204 shares of common stock. During the nine months ended September 30, 2023, the Company converted 921,853 OP Units valued at $15.3 million to 921,853 shares of common stock.
At September 30, 2024 and 2023, dividend amounts declared and accrued but not yet paid amounted to $58.2 million and $55.8 million, respectively.
During the nine months ended September 30, 2024, the Company reclassified $184.7 million from Property under development to Buildings and improvements upon the substantial completion of a development property.