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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows — Operating Activities    
Net (loss) income $ (27,821) $ 3,761
Adjustments to net (loss) income:    
Depreciation and amortization, including intangible assets and deferred financing costs 24,388 18,171
Loss on sale of real estate, net 15,776 0
Impairment charges — real estate 4,065 0
Amortization of rent-related intangibles and deferred rental revenue (3,637) 976
Net realized and unrealized losses on extinguishment of debt, foreign currency exchange rate movements, and other 1,342 238
Straight-line rent adjustments 777 (690)
Deferred income tax benefit (123) (411)
Stock-based compensation expense 75 775
Proceeds from sales of net investments in sales-type leases 10,392 0
Net changes in other operating assets and liabilities 1,159 (2,361)
Net Cash Provided by Operating Activities 26,393 20,459
Cash Flows — Investing Activities    
Proceeds from sales of real estate 32,423 0
Funding for real estate construction, redevelopments, and other capital expenditures on real estate (5,666) (236)
Net Cash Provided by (Used in) Investing Activities 26,757 (236)
Cash Flows — Financing Activities    
Payments of mortgage principal and other debt instruments (30,916) (5,134)
Distributions paid (1,071) 0
Distributions to noncontrolling interests (60) 0
Other financing activities, net 10 0
Net transfers with Parent 0 (14,889)
Contributions from noncontrolling interests 0 2,840
Net Cash Used in Financing Activities (32,037) (17,183)
Change in Cash and Cash Equivalents and Restricted Cash During the Period    
Effect of exchange rate changes on cash and cash equivalents and restricted cash (596) (59)
Net increase in cash and cash equivalents and restricted cash 20,517 2,981
Cash and cash equivalents and restricted cash, beginning of period 67,829 5,998
Cash and cash equivalents and restricted cash, end of period $ 88,346 $ 8,979