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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows — Operating Activities    
Net loss $ (81,005) $ (15,348)
Adjustments to net loss:    
Impairment charges — real estate 82,737 12,287
Depreciation and amortization, including intangible assets and deferred financing costs 23,079 54,679
Loss (gain) on sale of real estate, net 4,259 (21,947)
Straight-line rent adjustments 1,249 1,510
Amortization of rent-related intangibles and deferred rental revenue (1,196) (5,778)
Net realized and unrealized losses on extinguishment of debt, foreign currency exchange rate movements, and other 803 2,579
Deferred income tax benefit 0 (306)
Stock-based compensation expense 0 150
Net changes in other operating assets and liabilities (4,098) 2,917
Proceeds from sales of net investments in sales-type leases 0 10,341
Net Cash Provided by Operating Activities 25,828 41,084
Cash Flows — Investing Activities    
Proceeds from sales of real estate 25,427 184,855
Funding for real estate construction, redevelopments, and other capital expenditures on real estate (2,684) (7,312)
Value added taxes refunded in connection with sale of real estate (37) 0
Net Cash Provided by Investing Activities 22,706 177,543
Cash Flows — Financing Activities    
Payments of mortgage principal and other debt instruments (61,307) (203,968)
Distributions to noncontrolling interests (181) (151)
Other financing activities, net (8) 11
Dividends paid 0 (1,071)
Net Cash Used in Financing Activities (61,496) (205,179)
Change in Cash and Cash Equivalents and Restricted Cash During the Period    
Effect of exchange rate changes on cash and cash equivalents and restricted cash 725 (570)
Net (decrease) increase in cash and cash equivalents and restricted cash (12,237) 12,878
Cash and cash equivalents and restricted cash, beginning of period 68,426 67,829
Cash and cash equivalents and restricted cash, end of period $ 56,189 $ 80,707