CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 105,846	$ 50,229
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	87,080	84,595
Non-cash rental and related revenues	(6,331)	(1,796)
Non-cash interest income	7	12
Non-cash interest expense	3,455	6,139
Stock-based compensation expense	5,415	3,862
Recovery of loan losses	(400)	(298)
Net gain on sales of real estate	(9,974)	(1,776)
Impairment of real estate	4,103	18,472
(Income) loss from unconsolidated joint ventures	(1,050)	515
Distributions of earnings from unconsolidated joint ventures	4,022	2,659
Other non-cash items	(17,190)	0
Changes in operating assets and liabilities:
Accounts receivable, prepaid expenses and other assets, net	(6,867)	(8,706)
Accounts payable and accrued liabilities	(6,894)	(20,984)
Net cash provided by operating activities	161,222	132,923
Cash flows from investing activities:
Acquisition of real estate	(61,137)	(36,128)
Origination and fundings of loans receivable	(3,110)	(19,752)
Origination and fundings of preferred equity investments	(9)	(1,021)
Additions to real estate	(13,569)	(25,360)
Repayments of loans receivable	7,048	1,189
Repayments of preferred equity investments	1,369	4,727
Investment in unconsolidated joint ventures	(1,241)	(344)
Net proceeds from the sales of real estate	3,573	6,158
Proceeds from net investment hedges	4,462	0
Insurance proceeds	1,038	0
Net cash used in investing activities	(61,576)	(70,531)
Cash flows from financing activities:
Net borrowings from revolving credit facility	55,144	36,939
Principal payments on secured debt	(1,038)	(1,010)
Payments of deferred financing costs	(80)	(80)
Issuance of common stock, net	24,211	36,403
Dividends paid on common stock	(142,754)	(138,894)
Net cash used in financing activities	(64,517)	(66,642)
Net increase (decrease) in cash, cash equivalents and restricted cash	35,129	(4,250)
Effect of foreign currency translation on cash, cash equivalents and restricted cash	184	(160)
Cash, cash equivalents and restricted cash, beginning of period	66,339	46,719
Cash, cash equivalents and restricted cash, end of period	101,652	42,309
Supplemental disclosure of cash flow information:
Interest paid	$ 49,747	$ 50,847