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Supplemental Cash Flow Information
9 Months Ended
Sep. 30, 2024
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information

NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION

 

Our significant noncash investing and financing activities for the nine months ended September 30, 2024 and 2023 included the following:

 

We recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $48.9 million in 2024 and $29.0 million in 2023 for both assets and liabilities.

 

We capitalized $34.1 million and $30.6 million in 2024 and 2023, respectively, of equity-based compensation expense.

 

We received $568.1 million in 2024 of ownership interests in certain unconsolidated co-investment ventures, primarily as a portion of our proceeds from the contribution of properties to these entities. We increased our ownership in an unconsolidated co-investment venture in 2023 through the reinvestment of distributions from the venture of $11.6 million and receipt of $45.1 million of third-party investors' ownership in lieu of cash.

We issued 1.4 million and 0.5 million shares in 2024 and 2023, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP.

 

We acquired the ownership interest of our partner in an unconsolidated venture in 2024 and began consolidating the properties.

 

We reinvested a distribution from an unconsolidated co-investment venture of $51.1 million in 2024.

 

We paid $572.7 million and $340.4 million for interest, net of amounts capitalized, during the nine months ended September 30, 2024 and 2023, respectively.

 

We paid $104.7 million and $122.2 million for income taxes, net of refunds, during the nine months ended September 30, 2024 and 2023, respectively.