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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 86,172 $ 83,278
Cash flows from investing activities:    
Acquisition of real estate, including intangible assets (103,164) 0
Investment in real estate under construction (23,447) (11,720)
Capital expenditures (5,866) (11,765)
Insurance proceeds 2,561 1,034
Net proceeds from sale of real estate 0 73,502
Investments in non-consolidated entities (1,254) (354)
Deferred leasing costs (8,672) (1,930)
Change in real estate deposits, net (79) (1,152)
Net cash provided by (used in) investing activities (139,921) 47,615
Cash flows from financing activities:    
Dividends to common and preferred shareholders (85,368) (82,098)
Principal amortization payments (2,861) (2,760)
Principal payments on debt, excluding normal amortization 0 (50,000)
Revolving credit facility borrowings 35,000 0
Revolving credit facility payments (20,000) 0
Repurchase of trust preferred securities 0 (26,725)
Deferred financing costs (7,575) 0
Repurchase of common shares (15,814) 0
Cash contributions from noncontrolling interests 1,219 990
Cash distributions to noncontrolling interests (188) (110)
Issuance of common shares, net of costs and repurchases to settle tax obligations (3,153) (1,040)
Net cash used in financing activities (98,740) (161,743)
Change in cash, cash equivalents and restricted cash (152,489) (30,850)
Cash, cash equivalents and restricted cash, at beginning of period 170,651 102,073
Cash, cash equivalents and restricted cash, at end of period 18,162 71,223
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 17,990 70,976
Restricted cash at end of period 172 247
Cash, cash equivalents and restricted cash, at end of period 18,162 71,223
Supplemental disclosure of cash flow information:    
Interest paid 24,858 30,921
Income taxes paid 618 652
Supplemental schedule of non-cash investing activities:    
Accounts payable related to Investments in real estate under construction 23,501 14,023
Reclassification of Land held for development to Investments in real estate under construction $ 17,783 $ 24,550