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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 38,986 $ 38,916
Cash flows from investing activities:    
Investment in real estate under construction (7,175) (24,195)
Capital expenditures (2,963) (2,610)
Insurance proceeds 840 0
Net proceeds from sale of real estate 34,118 0
Investments in non-consolidated entities (247) (609)
Distributions from non-consolidated entities in excess of accumulated earnings 0 855
Deferred leasing costs (1,361) (1,094)
Change in real estate deposits, net (34) (43)
Net cash provided by (used) in investing activities 23,178 (27,696)
Cash flows from financing activities:    
Dividends to common and preferred shareholders (41,018) (39,540)
Principal amortization payments (1,374) (1,325)
Principal payments on debt, excluding normal amortization (50,000) 0
Cash contributions from noncontrolling interests 443 464
Cash distributions to noncontrolling interests (70) (75)
Purchase of noncontrolling interests 0 (4,910)
Issuance of common shares, net of costs and repurchases to settle tax obligations (1,041) (1,862)
Net cash used in financing activities (93,060) (47,248)
Change in cash, cash equivalents and restricted cash (30,896) (36,028)
Cash, cash equivalents and restricted cash, at beginning of period 102,073 199,463
Cash, cash equivalents and restricted cash, at end of period 71,177 163,435
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 101,836 199,247
Restricted cash at beginning of period 237 216
Cash, cash equivalents and restricted cash, at beginning of period 102,073 199,463
Cash and cash equivalents at end of period 70,935 163,213
Restricted cash at end of period 242 222
Cash, cash equivalents and restricted cash, at end of period 71,177 163,435
Supplemental disclosure of cash flow information:    
Interest paid 10,468 10,799
Income taxes paid 224 128
Supplemental schedule of non-cash investing activities:    
Accounts payable related to Investment in real estate under construction 11,340 35,631
Reclassification of Real estate, net to Investments in real estate under construction $ 10,844 $ 0