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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flow from operating activities:    
Net income $ 537,646 $ 69,297
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 117,840 165,535
Stock-based compensation 6,508 5,530
Amortization and write-off of debt issuance costs,commitment fees, and fair market value of debt adjustments 46,766 3,217
Gain on debt retirement (1,037) 0
Loss on derivative instruments 4,412 0
Equity in net income of joint ventures (406) (6,495)
Operating cash distributions from joint ventures 0 258
Gain on sale and change in control of interests (2,669) (3,749)
Gain on disposition of real estate, net (633,169) (31,230)
Impairment charges 66,600 0
Assumption of buildings due to ground lease terminations (2,678) 0
Net change in accounts receivable 6,584 (1,180)
Net change in accounts payable and accrued expenses 13,828 7,323
Net change in other operating assets and liabilities (17,026) (16,457)
Total adjustments (394,447) 122,752
Net cash flow provided by operating activities 143,199 192,049
Cash flow from investing activities:    
Real estate acquired, net of liabilities and cash assumed (226,079) (102,095)
Real estate developed and improvements to operating real estate (57,870) (80,782)
Proceeds from sale of joint venture interests 0 3,405
Proceeds from disposition of real estate 2,132,733 112,292
Equity contributions to joint ventures (951) (118)
Repayment of joint venture advances 730 318
Distributions from unconsolidated joint ventures 1,400 9,468
Net cash flow provided by (used for) investing activities 1,849,963 (57,512)
Cash flow from financing activities:    
Proceeds from revolving credit facility, net 0 135,000
Proceeds from mortgage debt 530,000 0
Payment of loan commitment fees (7,712) 0
Payments of debt issuance costs (11,871) 0
Prepayment of Curbline loan costs (5,034) 0
Repayment of senior notes (1,305,920) (87,209)
Repayment of mortgage debt and term loan (548,751) (16,224)
Payments of debt extinguishment costs (8,099) 0
Proceeds from terminations of derivatives 8,098 0
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan (4,774) (5,224)
Repurchase of common shares 0 (26,611)
Repurchase of operating units 0 (1,735)
Distributions to redeemable operating partnership units 0 (37)
Dividends paid (124,004) (90,450)
Net cash flow used for financing activities (1,478,067) (92,490)
Net increase in cash, cash equivalents and restricted cash 515,095 42,047
Cash, cash equivalents and restricted cash, beginning of period 569,031 21,214
Cash, cash equivalents and restricted cash, end of period $ 1,084,126 $ 63,261