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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (5,275) $ 24,754
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 69,221 67,229
Loss on disposition of properties 441 0
Net unrealized holding losses on investments 4,035 346
Stock compensation expense 7,347 7,630
Straight-line rents (98) (1,518)
Equity in (earnings) losses of unconsolidated affiliates (4,168) 1,408
Distributions of operating income from unconsolidated affiliates 3,024 1,789
Adjustments to straight-line rent reserves (181) 0
Amortization of financing costs 3,915 3,093
Non-cash lease expense 1,859 1,800
Acceleration of below market lease 0 (8,057)
Other, net (2,107) (2,881)
Changes in assets and liabilities:    
Rents receivable (4,619) 3,548
Other liabilities (4,419) 1,895
Accounts payable and accrued expenses (2,210) (3,523)
Prepaid expenses and other assets (6,808) (6,193)
Lease liability - operating leases (1,938) (1,825)
Net cash provided by operating activities 58,019 89,495
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the disposition of properties 58,670 0
Investments in and advances to unconsolidated affiliates (6,355) (29,114)
Development, construction and property improvement costs (37,412) (30,570)
Payment of deposits for properties under purchase contract (1,250) (995)
Return of capital from unconsolidated affiliates 4,689 38,097
Payment of deferred leasing costs (4,001) (4,071)
Proceeds from sale of marketable securities 7,580 0
Proceeds from repayment of note receivable 6,000 0
Issuance of note receivable (7,945) 0
Net cash provided by (used in) investing activities 19,976 (26,653)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured debt 96,384 95,699
Principal payments on unsecured debt (293,825) (133,109)
Proceeds from the sale of Common Shares 142,123 0
Capital contributions from noncontrolling interests 43,709 31,242
Principal payments on mortgage and other notes (25,213) (61,153)
Distributions to noncontrolling interests (16,170) (29,834)
Dividends paid to Common Shareholders (35,733) (34,252)
Proceeds received from mortgage and other notes 49,226 67,702
Payment of deferred financing and other costs (8,647) (1,840)
Payments of finance lease obligations (89) 0
Net cash used in financing activities (48,235) (65,545)
Increase (decrease) in cash and cash equivalents and restricted cash 29,760 (2,703)
Cash and cash equivalents of $17,481 and $17,158 and restricted cash of $7,813 and $15,063, respectively, beginning of period 25,294 32,221
Cash and cash equivalents of $31,915 and $17,193 and restricted cash of $23,139 and $12,325, respectively, end of period 55,054 29,518
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $3,348 and $3,913 respectively 62,126 55,349
Cash paid for income taxes, net of refunds 187 123
Supplemental disclosure of non-cash investing and financing activities    
Dividends/distributions declared and payable 20,092 18,378
Issuance of note receivable used as capital contributions from redeemable noncontrolling interests 0 796
Conversion of Common OP Units to Common Shares 19,341 1,533
Accrued interest on note receivable recorded to noncontrolling interest 4,724 4,653
Distributions to noncontrolling interests of marketable securities 0 49,117
Retained investment in an unconsolidated affiliate 2,432 0
Reclassification of investment in unconsolidated affiliate to marketable securities $ 0 $ 32,745