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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 37,460 $ 38,986
Cash flows from investing activities:    
Investment in real estate under construction (5,609) (7,175)
Capital expenditures (3,438) (2,963)
Insurance proceeds 2,561 840
Net proceeds from sale of real estate 0 34,118
Investments in non-consolidated entities (215) (247)
Deferred leasing costs (11) (1,361)
Change in real estate deposits, net (148) (34)
Net cash provided by (used in) in investing activities (6,860) 23,178
Cash flows from financing activities:    
Dividends to common and preferred shareholders (43,021) (41,018)
Principal amortization payments (1,424) (1,374)
Principal payments on debt, excluding normal amortization 0 (50,000)
Deferred financing costs (7,575) 0
Repurchase of common shares (15,814) 0
Cash contributions from noncontrolling interests 139 443
Cash distributions to noncontrolling interests (123) (70)
Issuance of common shares, net of costs and repurchases to settle tax obligations (3,153) (1,041)
Net cash used in financing activities (70,971) (93,060)
Change in cash, cash equivalents and restricted cash (40,371) (30,896)
Cash, cash equivalents and restricted cash, at beginning of period 170,651 102,073
Cash, cash equivalents and restricted cash, at end of period 130,280 71,177
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 170,394 101,836
Restricted cash at beginning of period 257 237
Cash, cash equivalents and restricted cash, at beginning of period 170,651 102,073
Cash and cash equivalents at end of period 130,112 70,935
Restricted cash at end of period 168 242
Cash, cash equivalents and restricted cash, at end of period 130,280 71,177
Supplemental disclosure of cash flow information:    
Interest paid 10,194 10,468
Income taxes paid 147 224
Supplemental schedule of non-cash investing activities:    
Accounts payable related to Investments in real estate under construction 4,814 11,340
Reclassification of Land held for development to Investments in real estate under construction $ 17,783 $ 10,844