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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flow from operating activities:    
Net (loss) income $ 43,431 $ 537,646
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 36,941 117,840
Stock-based compensation 1,044 6,508
Amortization and write-off of debt issuance costs, commitment fees, and fair market value of debt adjustments 3,044 46,766
Gain on debt retirement 0 (1,037)
Loss on derivative instruments 0 4,412
Equity in net loss (income) of joint ventures 528 (406)
Gain on sale and change in control of interests 0 (2,669)
Gain on disposition of real estate, net (162,666) (633,169)
Impairment charges 106,570 66,600
Loss on abandoned tenant lease costs 911 0
Assumption of building due to ground lease termination 0 (2,678)
Net change in accounts receivable 7,909 6,584
Net change in accounts payable and accrued expenses (2,291) 13,828
Net change in other operating assets and liabilities (7,337) (17,026)
Total adjustments (15,347) (394,447)
Net cash flow provided by operating activities 28,084 143,199
Cash flow from investing activities:    
Real estate acquired, net of liabilities and cash assumed 0 (226,079)
Real estate developed and improvements to operating real estate (9,325) (57,870)
Proceeds from disposition of real estate 357,546 2,132,733
Equity contributions to joint ventures (9) (951)
Repayment of joint venture advance 0 730
Distributions from unconsolidated joint ventures 500 1,400
Net cash flow provided by investing activities 348,712 1,849,963
Cash flow from financing activities:    
Proceeds from mortgage debt 0 530,000
Payment of debt issuance costs (6) (11,871)
Payment of loan commitment fees 0 (7,712)
Prepayment of Curbline loan costs 0 (5,034)
Repayment of senior notes 0 (1,305,920)
Repayment of mortgage debt and term loan (55,481) (548,751)
Payment of debt extinguishment costs (228) (8,099)
Proceeds from terminations of derivatives 0 8,098
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan (93) (4,774)
Dividends paid (250,336) (124,004)
Net cash flow used for financing activities (306,144) (1,478,067)
Net increase in cash, cash equivalents and restricted cash 70,652 515,095
Cash, cash equivalents and restricted cash, beginning of period 67,666 569,031
Cash, cash equivalents and restricted cash, end of period $ 138,318 $ 1,084,126