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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:    
Net loss $ (53,698) $ (42,190)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation expense 7,165 9,538
Depreciation and amortization expense, including amortization of deferred financing costs 49,451 58,462
Deferred rent (837) (7,051)
(Income) loss from unconsolidated real estate ventures, net 592 (975)
Amortization of market lease intangibles, net (69) 58
Amortization of lease incentives 3,865 2,696
Loss on the extinguishment of debt 4,636  
Impairment loss 8,483 17,211
Gain on the sale of real estate, net (537) (197)
Loss on operating lease and other receivables 706 311
(Income) loss from investments, net 438 (20)
Return on capital from unconsolidated real estate ventures 390 1,179
Other non-cash items 1,308 365
Changes in operating assets and liabilities:    
Tenant and other receivables 1,674 3,710
Other assets, net (1,830) 464
Accounts payable and accrued expenses (7,482) (6,015)
Other liabilities, net (1,320) (503)
Net cash provided by operating activities 12,935 37,043
INVESTING ACTIVITIES:    
Development costs, construction in progress and real estate additions (29,091) (47,982)
Proceeds from the sale of real estate 188,779 12,410
Proceeds from derivative financial instruments 2,537 1,465
Distributions of capital from unconsolidated real estate ventures and other investments 465 160,250
Investments in unconsolidated real estate ventures and other investments (1,376) (2,541)
Net cash provided by investing activities 161,314 123,602
FINANCING ACTIVITIES:    
Borrowings under mortgage loans 265,205 31,600
Borrowings under revolving credit facility 197,000 30,000
Repayments of mortgage loans (408,040) (786)
Repayments of revolving credit facility (120,000) (92,000)
Payments on derivative financial instruments (1,104) (1,465)
Debt issuance and modification costs (5,207) (10)
Proceeds from common shares issued pursuant to ESPP 244 292
Common shares repurchased (147,593) (49,444)
Dividends paid to common shareholders (14,788) (16,066)
Distributions to redeemable noncontrolling interests (2,823) (2,931)
Distributions to noncontrolling interests   (10)
Net cash used in financing activities (237,106) (100,820)
Net increase (decrease) in cash and cash equivalents, and restricted cash (62,857) 59,825
Cash and cash equivalents, and restricted cash, beginning of period 183,192 200,441
Cash and cash equivalents, and restricted cash, end of period 120,335 260,266
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:    
Cash paid for interest (net of capitalized interest of $998 and $3,008 in 2025 and 2024) 32,653 25,623
Accrued capital expenditures included in accounts payable and accrued expenses 40,768 77,358
Write-off of fully depreciated assets 11,954 10,574
Accrual for common shares repurchased pending settlement 40,142  
Redemption of OP Units for common shares 9,719 7,875
Cash paid for amounts included in the measurement of lease liabilities for operating leases $ 1,664 $ 1,616