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Supplemental Schedule of Non-cash Investing / Financing Activities
 6 Months Ended
Jun. 30, 2024
Supplemental Cash Flow Elements [Abstract]  
Supplemental Schedule of Non-Cash Investing / Financing Activities

18. Supplemental Schedule of Non-Cash Investing / Financing Activities

The following schedule summarizes the non-cash investing and financing activities of the Company for the six months ended June 30, 2024 and 2023 (in thousands):

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

Acquisition of real estate interests from a lease modification

 

$

-

 

 

$

12,527

 

Disposition of real estate interests through the issuance of mortgage and other financing
   receivables

 

$

175,420

 

 

$

25,000

 

Decrease in other investments through the issuance of mortgage and other financing receivables

 

$

50,219

 

 

-

 

Deconsolidation of real estate interests through contribution to other investments

 

$

-

 

 

$

19,618

 

Surrender of common stock/units

 

$

14,695

 

 

$

16,137

 

Declaration of dividends paid in succeeding period

 

$

6,722

 

 

$

5,308

 

Capital expenditures accrual

 

$

48,868

 

 

$

32,949

 

Decrease in redeemable noncontrolling interests’ carrying amount, net

 

$

(959

)

 

$

-

 

RPT Merger:

 

 

 

 

 

 

Real estate assets, net

 

$

1,821,052

 

 

$

-

 

Investment in real estate joint ventures

 

$

433,345

 

 

$

-

 

Investment in other investments

 

$

12,672

 

 

$

-

 

Other assets and liabilities, net

 

$

(3,109

)

 

$

-

 

Notes payable

 

$

(821,500

)

 

$

-

 

Lease liabilities arising from obtaining operating right-of-use assets

 

$

(13,506

)

 

$

-

 

Non-controlling interest

 

$

(20,975

)

 

$

-

 

Preferred stock issued in exchange for RPT preferred shares

 

$

(105,607

)

 

$

-

 

Common stock issued in exchange for RPT common shares

 

$

(1,166,775

)

 

$

-

 

Consolidation of Joint Ventures:

 

 

 

 

 

 

Increase in real estate and other assets, net

 

$

-

 

 

$

54,345

 

Increase in mortgage payables

 

$

-

 

 

$

37,187

 

 

The following table provides a reconciliation of cash, cash equivalents and restricted cash recorded on the Company’s Condensed Consolidated Balance Sheets to the Company’s Condensed Consolidated Statements of Cash Flows (in thousands):

 

 

As of June 30, 2024

 

 

As of December 31, 2023

 

Cash and cash equivalents

 

$

126,365

 

 

$

780,518

 

Restricted cash

 

 

1,190

 

 

 

3,239

 

Total cash, cash equivalents and restricted cash

 

$

127,555

 

 

$

783,757