XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 141,966 $ 153,523
Cash flows from investing activities:    
Acquisition of real estate, including intangible assets (7,603) (15,018)
Investment in real estate under construction (85,821) (88,058)
Capital expenditures (11,454) (12,226)
Net proceeds from sale of properties 42,489 73,822
Principal payments on loans receivable 0 1,462
Investments in non-consolidated entities (1,216) (2,872)
Distributions from non-consolidated entities in excess of accumulated earnings 2,615 5,836
Deferred leasing costs (4,862) (1,928)
Maturity of held-to-maturity securities 130,000 0
Change in real estate deposits, net 272 (7,498)
Net cash provided by (used) in investing activities 64,420 (46,480)
Cash flows from financing activities:    
Dividends to common and preferred shareholders (118,602) (114,019)
Principal amortization payments (4,012) (8,928)
Revolving credit facility borrowings 15,000 100,000
Revolving credit facility payments (15,000) (100,000)
Repurchase of senior notes (198,932) 0
Cash contributions from noncontrolling interests 1,054 507
Cash distributions to noncontrolling interests (325) (1,226)
Purchase of noncontrolling interests (27,873) 0
Issuance of common shares, net of costs and repurchases to settle tax obligations (1,956) (2,251)
Net cash used in financing activities (350,646) (125,917)
Change in cash, cash equivalents and restricted cash (144,260) (18,874)
Cash, cash equivalents and restricted cash, at beginning of period 199,463 54,506
Cash, cash equivalents and restricted cash, at end of period 55,203 35,632
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 199,247 54,390
Restricted cash at beginning of period 216 116
Cash, cash equivalents and restricted cash, at beginning of period 199,463 54,506
Cash and cash equivalents at end of period 54,971 35,421
Restricted cash at end of period 232 211
Cash, cash equivalents and restricted cash, at end of period $ 55,203 $ 35,632