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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 146,776 $ 141,966
Cash flows from investing activities:    
Acquisition of real estate, including intangible assets (30,013) (7,603)
Investment in real estate under construction (20,465) (85,821)
Capital expenditures (18,346) (11,454)
Insurance proceeds 5,309 0
Net proceeds from sale of real estate 265,590 42,489
Investments in non-consolidated entities (546) (1,216)
Distributions from non-consolidated entities in excess of accumulated earnings 3,900 2,615
Deferred leasing costs (2,366) (4,862)
Maturity of held-to-maturity securities 0 130,000
Change in real estate deposits, net (1,731) 272
Net cash provided by in investing activities 201,332 64,420
Cash flows from financing activities:    
Dividends to common and preferred shareholders (123,182) (118,602)
Principal amortization payments (4,158) (4,012)
Principal payments on debt, excluding normal amortization (50,000) 0
Revolving credit facility borrowings 0 15,000
Revolving credit facility payments 0 (15,000)
Repurchase of trust preferred securities (26,725) 0
Repurchase of senior notes 0 (198,932)
Cash contributions from noncontrolling interests 1,659 1,054
Cash distributions to noncontrolling interests (16,526) (325)
Purchase of noncontrolling interests 0 (27,873)
Issuance of common shares, net of costs and repurchases to settle tax obligations (1,260) (1,956)
Net cash used in financing activities (220,192) (350,646)
Change in cash, cash equivalents and restricted cash 127,916 (144,260)
Cash, cash equivalents and restricted cash, at beginning of period 102,073 199,463
Cash, cash equivalents and restricted cash, at end of period 229,989 55,203
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 229,737 54,971
Restricted cash at end of period 252 232
Cash, cash equivalents and restricted cash, at end of period 229,989 55,203
Supplemental disclosure of cash flow information:    
Interest paid 41,246 46,346
Income taxes paid 828 619
Supplemental schedule of non-cash investing activities:    
Accounts payable related to Investment in real estate under construction 9,059 21,397
Reclassification of Real estate, net to Investments in real estate under construction 24,550 0
Deconsolidation of Lombard Street Lots, LLC in Real estate, at cost 0 4,605
Deconsolidation of Lombard Street Lots, LLC in Investments in non-consolidated entities 0 2,311
Deconsolidation of Lombard Street Lots, LLC in Noncontrolling interests $ 0 $ 2,503