XML 92 R65.htm IDEA: XBRL DOCUMENT v3.25.0.1
Supplemental Schedule of Non-cash Investing / Financing Activities (Tables)
 12 Months Ended
Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]  
Schedule of non-cash Investing and Financing Activities

The following schedule summarizes the non-cash investing and financing activities of the Company for the years ended December 31, 2024, 2023 and 2022 (in thousands):

 

 

2024

 

 

2023

 

 

2022

 

Acquisition of real estate interests:

 

 

 

 

 

 

 

 

 

Mortgages payable

 

$

164,623

 

 

$

-

 

 

$

79,362

 

Accounts receivable and other assets

 

$

5,264

 

 

$

-

 

 

 

-

 

Accounts payable and other liabilities

 

$

12,804

 

 

$

-

 

 

$

59,000

 

Noncontrolling interests

 

$

125

 

 

$

-

 

 

$

-

 

Redeemable noncontrolling interests

 

$

-

 

 

$

-

 

 

$

79,663

 

Lease modification

 

$

-

 

 

$

12,527

 

 

$

-

 

Proceeds held in escrow through the sale of real estate interests

 

$

-

 

 

$

3,524

 

 

$

-

 

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

 

$

15,885

 

 

$

16,327

 

 

$

13,790

 

Declaration of dividends paid in succeeding period

 

$

6,409

 

 

$

5,308

 

 

$

5,326

 

Capital expenditures accrual

 

$

60,261

 

 

$

30,892

 

 

$

29,079

 

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

 

$

1,448

 

 

$

1,481

 

 

$

-

 

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

 

$

-

 

 

$

3,161

 

 

$

-

 

Decrease in embedded derivative liability from extinguishment

 

$

-

 

 

$

1,906

 

 

$

-

 

Increase in redeemable noncontrolling interests' carrying amount, net

 

$

3,220

 

 

$

414

 

 

$

-

 

Decrease in noncontrolling interests from redemption of units for common stock

 

$

-

 

 

$

-

 

 

$

1,613

 

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 mortgages payable, other liabilities and noncontrolling interests

 

$

-

 

 

$

37,187

 

 

$

-

 
Reconciliation of Cash, Cash Equivalents and Restricted Cash

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

 

 

As of December 31, 2024

 

 

As of December 31, 2023

 

Cash and cash equivalents

 

$

688,622

 

 

$

780,518

 

Restricted cash

 

 

1,109

 

 

 

3,239

 

Total cash, cash equivalents and restricted cash

 

$

689,731

 

 

$

783,757