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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (5,078) $ (189,379)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 28,135 41,474
Amortization of intangibles 13,476 44,623
Amortization of deferred financing costs 2,260 2,486
Amortization of discounts on mortgages and senior notes 9,041 13,960
Amortization of below-market lease liabilities (645) (3,919)
Amortization of above-market lease assets 1,482 3,713
Amortization related to right-of-use assets 269 366
Amortization of lease incentives 581 478
Unbilled straight-line rent (680) (5,235)
Equity-based compensation 4,042 3,093
Unrealized (gains) losses on foreign currency transactions, derivatives, and other (3,517) 3,304
Unrealized losses on undesignated foreign currency advances and other hedge ineffectiveness 0 6,351
Net gain on multi-tenant disposition receivable (2,536) 0
Loss on extinguishment and modification of debt 1,707 352
(Gain) loss on dispositions of real estate investments (8,627) 86,865
Lease incentive and commission payments (2,445) (1,890)
Impairment charges 11,115 60,315
Goodwill impairment 0 7,134
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets 4,792 6,192
Accounts payable and accrued expenses (12,160) (16,489)
Prepaid rent (1,536) (4,627)
Net cash provided by operating activities 39,676 59,167
Cash flows from investing activities:    
Capital expenditures (1,575) (9,756)
Net proceeds from dispositions of real estate investments 63,135 910,502
Cash received from multi-tenant disposition receivable 8,457 0
Net cash provided by investing activities 70,017 900,746
Cash flows from financing activities:    
Borrowings under revolving credit facilities 11,561 15,000
Repayments on revolving credit facilities (39,663) (890,170)
Principal payments on mortgage notes payable (44,864) (6,166)
Common shares repurchased upon vesting of restricted stock (1,576) 0
Repurchases of Common Stock, net (38,366) (19,417)
Dividends paid on Common Stock (41,307) (63,942)
Net cash used in financing activities (165,151) (975,631)
Net change in cash, cash equivalents and restricted cash (55,458) (15,718)
Effect of exchange rate changes on cash (1,147) (2,299)
Cash, cash equivalents and restricted cash, beginning of period 194,063 224,208
Cash, cash equivalents and restricted cash, end of period 137,458 206,191
Cash and cash equivalents, end of period 125,479 147,047
Restricted cash, end of period 11,979 59,144
Cash, cash equivalents and restricted cash, end of period 137,458 206,191
Non-Cash Investing and Financing Activity:    
Loss on extinguishment of debt 1,707 352
Accrued capital expenditures 0 38
Series A Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (3,081) (3,081)
Series B Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (2,018) (2,018)
Series D Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (3,719) (3,719)
Series E Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock $ (2,118) $ (2,118)