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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (474) $ 514
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 38,040 53,269
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts 2,459 7,852
Net amortization of intangible lease assets and liabilities 3,449 5,337
Gain on sales of real estate assets (3,721) (1,596)
Gain on deconsolidation   (28,151)
Write-off of development projects   17
Share-based compensation expense 3,679 3,252
Loss on impairment 836  
Equity in (earnings) losses of unconsolidated affiliates (4,594) 1,256
Distributions of earnings from unconsolidated affiliates 3,692 3,335
Change in estimate of uncollectable revenues 1,522 (138)
Change in deferred tax accounts 1,331 225
Changes in:    
Tenant and other receivables (356) 7,934
Other assets (4,295) (2,667)
Accounts payable and accrued liabilities (10,830) (17,264)
Net cash provided by operating activities 30,738 33,175
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (6,846) (6,729)
Proceeds from sales of real estate assets 6,746 4,622
Purchases of available-for-sale securities (48,600) (15,004)
Redemptions of available-for-sale securities 76,445 50,850
Additional investments in and advances to unconsolidated affiliates (859) (4,682)
Distributions in excess of equity in earnings of unconsolidated affiliates 494 1,504
Changes in other assets (576) (689)
Net cash provided by investing activities 26,804 29,872
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on mortgage and other indebtedness (34,272) (26,155)
Repurchases of common stock (5,037)  
Contributions from noncontrolling interests 13  
Payment of tax withholdings for restricted stock awards and performance stock units (1,062) (1,793)
Distributions to noncontrolling interests (133) (3)
Dividends paid to common shareholders (12,870) (82,058)
Net cash used in financing activities (53,361) (110,009)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4,181 (46,962)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 123,076 141,949
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 127,257 94,987
Reconciliation from consolidated statements of cash flows to consolidated balance sheets:    
Cash and cash equivalents 60,311 [1] 22,555
Restricted cash:    
Restricted cash 26,968 35,006
Mortgage escrows 39,978 37,426
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 127,257 94,987
SUPPLEMENTAL INFORMATION    
Cash paid for interest, net of amounts capitalized $ 34,357 $ 32,762
[1] As of March 31, 2024, includes $179,986 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $205,856 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.