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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net income $ 48,649 $ 31,474
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 93,688 125,410
Gain on disposition of property (29,261) (27,170)
Amortization of non-cash items within interest expense 4,521 5,169
Amortization of acquired above- and below-market leases, net (1,378) (3,459)
Amortization of acquired below-market ground leases 3,916 3,916
Straight-lining of rental revenue (12,415) (11,192)
Equity based compensation 9,743 10,225
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits 15,326 866
Tenant and other receivables (8,708) (24,831)
Deferred leasing costs (9,316) (21,826)
Prepaid expenses and other assets 957 (1,242)
Accounts payable and accrued expenses (9,324) (2,235)
Deferred revenue and other liabilities (492) (1,427)
Net cash provided by operating activities 105,906 83,678
Cash Flows From Investing Activities    
Net proceeds from disposition of property 88,910 0
Development costs 0 (31)
Additions to building and improvements (76,166) (56,614)
Net cash provided by (used in) investing activities 12,744 (56,645)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (4,270) (3,119)
Contributions from consolidated joint ventures 112 224
Repurchases of common shares (13,105) (64,440)
Private perpetual preferred unit distributions (2,101) (2,101)
Dividends paid to common stockholders (11,297) (11,750)
Distributions paid to non-controlling interests in the operating partnership (6,859) (7,726)
Net cash used in financing activities (37,520) (88,912)
Net increase (decrease) in cash and cash equivalents and restricted cash 81,130 (61,879)
Cash and cash equivalents and restricted cash—beginning of period 314,678 474,638
Cash and cash equivalents and restricted cash—end of period 395,808 412,759
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 264,434 423,695
Restricted cash at beginning of period 50,244 50,943
Cash and cash equivalents at end of period 315,357 359,424
Restricted cash at end of period 80,451 53,335
Cash and cash equivalents and restricted cash 395,808 412,759
Supplemental disclosures of cash flow information:    
Cash paid for interest 46,116 40,199
Cash paid for income taxes 405 268
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 38,677 67,815
Write-off of fully depreciated assets 21,182 38,518
Derivative instruments at fair values included in prepaid expenses and other assets 19,329 4,082
Derivative instruments at fair values included in accounts payable and accrued expenses 0 19,695
Conversion of operating partnership units and Class B shares to Class A shares 5,019 2,345
Disposal of land in connection with foreclosure 0 1,680
Extinguishment of debt in connection with property disposition $ 0 $ 30,000