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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 252,537 $ 220,202
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 215,225 196,309
Amortization of deferred financing costs and debt premiums 8,033 6,922
Amortization of above and below market lease intangibles, net (9,964) (11,414)
Stock-based compensation, net of capitalization 10,620 9,864
Equity in income of investments in real estate partnerships (38,540) (28,254)
(Gain) loss on sale of real estate, net of tax (7,462) 193
Provision for impairment of real estate, net of tax   1,262
Distribution of earnings from investments in real estate partnerships 34,870 34,502
Deferred compensation expense (income) 2,670 (253)
Realized and unrealized gain on investments (3,323) (87)
Changes in assets and liabilities:    
Tenant and other receivables (17,258) (1,670)
Deferred leasing costs (10,178) (8,802)
Other assets (14,434) (15,123)
Accounts payable and other liabilities 13,994 464
Tenants' security, escrow deposits and prepaid rent (2,760) 964
Net cash provided by operating activities 434,030 405,079
Cash flows from investing activities:    
Acquisition of operating real estate, net of cash acquired of $787 in 2025 (32,766) (83,261)
Real estate development and capital improvements (212,003) (204,657)
Proceeds from sale of real estate 13,882 7,165
Proceeds from property insurance casualty claims 3,301  
Issuance of notes receivable (1,500)  
Collection of notes receivable 1,069 180
Investments in real estate partnerships (35,142) (6,217)
Return of capital from investments in real estate partnerships 40,914  
Dividends on investment securities 1,646 1,081
Purchase of investment securities (6,109) (96,226)
Proceeds from sale of investment securities 7,551 9,242
Net cash used in investing activities (219,157) (372,693)
Cash flows from financing activities:    
Tax withholding on stock-based compensation (9,108) (6,783)
Redemption of exchangeable operating partnership units   (2,046)
Proceeds from sale of treasury stock 123 462
Contributions from noncontrolling interests 2,311 8,416
Distributions to and redemptions of noncontrolling interests (7,411) (6,130)
Distributions to exchangeable operating partnership unit holders (5,796) (1,546)
Dividends paid to common shareholders (275,936) (255,455)
Dividends paid to preferred shareholders (6,826) (6,826)
Repayment of fixed rate unsecured notes (100,000)  
Proceeds from issuance of fixed rate unsecured notes, net of debt discount 447,192 397,116
Proceeds from unsecured credit facilities 285,000 395,000
Repayment of unsecured credit facilities (375,000) (430,000)
Proceeds from notes payable   10,000
Repayment of notes payable (88,000) (32,787)
Scheduled principal payments (6,412) (5,060)
Payment of financing costs (4,057) (3,812)
Net cash (used in) provided by financing activities (143,920) 60,549
Net increase in cash and cash equivalents and restricted cash 70,953 92,935
Cash and cash equivalents and restricted cash at beginning of the period 120,661 61,884
Cash and cash equivalents and restricted cash at end of the period 191,614 154,819
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $5,061 and $4,534 in 2026 and 2025, respectively) 99,024 90,174
Supplemental disclosure of non-cash transactions:    
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid 143,423 131,017
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Change in accrued capital expenditures 8,553 15,244
Contributions to investments in real estate partnerships 14,318 518
Operating Real Estate    
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Acquired lease intangible assets 3,214 9,725
Notes payable assumed in acquisition, at fair value   40,060
Intangible liabilities, Accounts payable and other liabilities 3,126 18,945
Unconsolidated Real Estate Investments    
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Acquired lease intangible assets 1,329 4,308
Notes payable assumed in acquisition, at fair value   16,749
Partnership Interest [Member]    
Cash flows from operating activities:    
Net income 252,537 220,202
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 215,225 196,309
Amortization of deferred financing costs and debt premiums 8,033 6,922
Amortization of above and below market lease intangibles, net (9,964) (11,414)
Stock-based compensation, net of capitalization 10,620 9,864
Equity in income of investments in real estate partnerships (38,540) (28,254)
(Gain) loss on sale of real estate, net of tax (7,462) 193
Provision for impairment of real estate, net of tax   1,262
Distribution of earnings from investments in real estate partnerships 34,870 34,502
Deferred compensation expense (income) 2,670 (253)
Realized and unrealized gain on investments (3,323) (87)
Changes in assets and liabilities:    
Tenant and other receivables (17,258) (1,670)
Deferred leasing costs (10,178) (8,802)
Other assets (14,434) (15,123)
Accounts payable and other liabilities 13,994 464
Tenants' security, escrow deposits and prepaid rent (2,760) 964
Net cash provided by operating activities 434,030 405,079
Cash flows from investing activities:    
Acquisition of operating real estate, net of cash acquired of $787 in 2025 (32,766) (83,261)
Real estate development and capital improvements (212,003) (204,657)
Proceeds from sale of real estate 13,882 7,165
Proceeds from property insurance casualty claims 3,301  
Issuance of notes receivable (1,500)  
Collection of notes receivable 1,069 180
Investments in real estate partnerships (35,142) (6,217)
Return of capital from investments in real estate partnerships 40,914  
Dividends on investment securities 1,646 1,081
Purchase of investment securities (6,109) (96,226)
Proceeds from sale of investment securities 7,551 9,242
Net cash used in investing activities (219,157) (372,693)
Cash flows from financing activities:    
Tax withholding on stock-based compensation (9,108) (6,783)
Redemption of exchangeable operating partnership units   (2,046)
Proceeds from sale of treasury stock 123 462
Contributions from noncontrolling interests 2,311 8,416
Distributions to and redemptions of noncontrolling interests (7,411) (6,130)
Distributions to partners (281,732) (257,001)
Dividends paid to preferred shareholders (6,826) (6,826)
Repayment of fixed rate unsecured notes (100,000)  
Proceeds from issuance of fixed rate unsecured notes, net of debt discount 447,192 397,116
Proceeds from unsecured credit facilities 285,000 395,000
Repayment of unsecured credit facilities (375,000) (430,000)
Proceeds from notes payable   10,000
Repayment of notes payable (88,000) (32,787)
Scheduled principal payments (6,412) (5,060)
Payment of financing costs (4,057) (3,812)
Net cash (used in) provided by financing activities (143,920) 60,549
Net increase in cash and cash equivalents and restricted cash 70,953 92,935
Cash and cash equivalents and restricted cash at beginning of the period 120,661 61,884
Cash and cash equivalents and restricted cash at end of the period 191,614 154,819
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $5,061 and $4,534 in 2026 and 2025, respectively) 99,024 90,174
Supplemental disclosure of non-cash transactions:    
Common and Preferred units, and exchangeable operating partnership units distributions declared but not paid 143,423 131,017
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Change in accrued capital expenditures 8,553 15,244
Contributions to investments in real estate partnerships 14,318 518
Partnership Interest [Member] | Operating Real Estate    
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Acquired lease intangible assets 3,214 9,725
Notes payable assumed in acquisition, at fair value   40,060
Intangible liabilities, Accounts payable and other liabilities 3,126 18,945
Partnership Interest [Member] | Unconsolidated Real Estate Investments    
Acquisition of operating real estate / previously unconsolidated real estate investments:    
Acquired lease intangible assets $ 1,329 4,308
Notes payable assumed in acquisition, at fair value   $ 16,749