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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net income (loss) $ (91,709) $ 98,986 $ (89,725)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Share-based compensation expense 32,100 41,272 51,551
Depreciation and amortization expense, including amortization of deferred financing costs 215,628 217,841 240,454
Deferred rent (20,664) (23,602) (21,964)
Loss from unconsolidated real estate ventures, net 26,999 17,429 2,070
Amortization of market lease intangibles, net (960) (1,127) (1,189)
Amortization of lease incentives 1,711 7,734 7,973
Loss on the extinguishment of debt 450 3,073  
Impairment loss 90,226   25,144
Gain on the sale of real estate, net (79,335) (161,894) (11,290)
Loss on operating lease and other receivables 882 2,160 2,595
Income from investments, net (972) (14,488) (3,620)
Return on capital from unconsolidated real estate ventures 20,701 11,407 15,912
Other non-cash items 10,818 (5,517) (922)
Changes in operating assets and liabilities:      
Tenant and other receivables 11,123 (13,154) 8,812
Other assets, net (8,959) (10,737) (12,780)
Accounts payable and accrued expenses (11,255) (1,282) 8,700
Other liabilities, net (13,412) 9,936 (4,099)
Net cash provided by operating activities 183,372 178,037 217,622
INVESTING ACTIVITIES:      
Development costs, construction in progress and real estate additions (333,744) (326,741) (173,177)
Acquisition of real estate (19,551) (65,302) (208,342)
Proceeds from the sale of real estate 281,525 928,908 14,370
Proceeds from the sale of investments   19,030  
Proceeds from derivative financial instruments 1,922    
Payments on derivative financial instruments (9,830)    
Distributions of capital from unconsolidated real estate ventures and other investments 10,503 59,717 40,188
Investments in unconsolidated real estate ventures and other investments (29,004) (91,591) (41,780)
Net cash (used in) provided by investing activities (98,179) 524,021 (368,741)
FINANCING ACTIVITIES:      
Borrowings under mortgage loans 345,140 179,744 190,000
Borrowings under revolving credit facility 371,750 100,000 300,000
Borrowings under term loans 170,000 150,000  
Repayments of mortgage loans (281,854) (270,676) (5,611)
Repayments of revolving credit facility (309,750) (400,000)  
Proceeds from derivative financial instruments 9,600    
Payments on derivative financial instruments (1,922)    
Debt issuance and modification costs (17,579) (5,137) (6,610)
Redemption of partner's noncontrolling interest (647) (9,531)  
Finance lease payments     (19,970)
Proceeds from common shares issued pursuant to ESPP 1,102 1,458 1,594
Common shares repurchased (335,313) (361,042) (157,686)
Dividends paid to common shareholders (94,002) (107,688) (118,115)
Distributions to redeemable noncontrolling interests (15,318) (16,409) (17,804)
Distributions to noncontrolling interests (32) (182) (46)
Contributions from noncontrolling interests   9,383 24,126
Net cash (used in) provided by financing activities (158,825) (730,080) 189,878
Net (decrease) increase in cash and cash equivalents, and restricted cash (73,632) (28,022) 38,759
Cash and cash equivalents, and restricted cash, beginning of period 274,073 302,095 263,336
Cash and cash equivalents, and restricted cash, end of period 200,441 274,073 302,095
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:      
Cash paid for interest (net of capitalized interest of $17,357, $10,888 and $6,734 in 2023, 2022 and 2021) 88,755 71,861 61,928
Accrued capital expenditures included in accounts payable and accrued expenses 63,136 73,612 43,290
Write-off of fully depreciated assets 6,281 19,794 61,123
Cash paid for income taxes 1,916 1,205 815
Deconsolidation of real estate asset     26,476
Accrued dividends to common shareholders   25,653 28,665
Accrued distributions to redeemable noncontrolling interests   3,968 3,938
Redemption of OP Units for common shares 44,620 16,704 29,634
Recognition (derecognition) of operating lease right-of-use asset 61,443   (1,596)
Recognition (derecognition) of liabilities related to operating lease right-of-use asset 61,443   (1,587)
(Derecognition) recognition of finance lease right-of-use assets   (179,668) 139,507
(Derecognition) recognition of liabilities related to finance lease right-of-use assets   (163,586) 141,574
Cash paid for amounts included in the measurement of lease liabilities for operating leases $ 5,178 $ 1,906 $ 2,295