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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net loss $ (315,220) $ (88,078)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 178,119 184,479
Other amortization 11,829 11,104
Share-based compensation 3,562 4,992
Amortization of straight-line rent receivable (lessor) (8,568) (9,783)
Amortization of straight-line rent on operating leases (lessee) 935 1,537
Gain on sales of real estate properties (22) (1,007)
Impairment of real estate properties and credit loss reserves 15,937 31,422
Impairment of goodwill 250,530 0
Equity loss from unconsolidated joint ventures 422 780
Distributions from unconsolidated joint ventures 1,335 2,542
Non-cash interest from financing and notes receivable (242) (1,385)
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (14,989) (8,360)
Accounts payable and accrued liabilities (52,163) (66,954)
Other liabilities 4,687 7,901
Net cash provided by operating activities 76,152 69,190
INVESTING ACTIVITIES    
Acquisitions of real estate 0 (30,725)
Development of real estate (8,383) (6,707)
Additional long-lived assets (50,388) (60,159)
Funding of mortgages and notes receivable (1,052) (6,230)
Investments in unconsolidated joint ventures 0 (3,824)
Investment in financing receivable 746  
Investment in financing receivable   (302)
Contributions from redeemable non-controlling interests 13 0
Proceeds from sales of real estate properties and additional long-lived assets 226 149,171
Proceeds from notes receivable repayments 277 336
Net cash (used in) provided by investing activities (58,561) 41,560
FINANCING ACTIVITIES    
Net borrowings on unsecured credit facility 120,000  
Repayments of notes and bonds payable (17,326) (667)
Dividends paid (118,269) (118,052)
Net proceeds from issuance of common stock 104 51
Common stock redemptions (318) (1,729)
Distributions to non-controlling interest holders (1,199) (1,272)
Payments made on finance leases (110) (101)
Net cash used in financing activities (17,118) (121,770)
Increase (decrease) in cash and cash equivalents 473 (11,020)
Cash and cash equivalents at beginning of period 25,699 60,961
Cash and cash equivalents at end of period 26,172 49,941
Supplemental Cash Flow Information    
Interest paid 73,518 75,082
Mortgage note receivables taken in connection with sale of real estate 0 45,000
Invoices accrued for construction, tenant improvements and other capitalized costs 35,777 28,138
Capitalized interest $ 942 $ 570