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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 3,817 $ (22,149)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 76,704 103,011
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts 4,963 15,330
Net amortization of intangible lease assets and liabilities 6,148 10,715
Gain on sales of real estate assets (3,671) (1,482)
Gain on insurance proceeds   (49)
Gain on deconsolidation   (28,151)
Write-off of development projects 127 17
Share-based compensation expense 7,244 6,459
Loss on impairment 836  
Equity in (earnings) losses of unconsolidated affiliates (11,742) 444
Distributions of earnings from unconsolidated affiliates 9,734 6,550
Change in estimate of uncollectable revenues 2,344 1,451
Change in deferred tax accounts 213 (839)
Changes in:    
Tenant and other receivables 2,667 5,091
Other assets 1,509 158
Accounts payable and accrued liabilities (5,929) (12,320)
Net cash provided by operating activities 94,964 84,236
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (13,939) (17,464)
Proceeds from sales of real estate assets 6,694 5,279
Purchases of available-for-sale securities (128,769) (99,933)
Redemptions of available-for-sale securities 154,036 142,793
Additional investments in and advances to unconsolidated affiliates (4,798) (8,242)
Distributions in excess of equity in earnings of unconsolidated affiliates 886 4,430
Changes in other assets (1,228) (1,191)
Net cash provided by investing activities 12,882 25,672
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on mortgage and other indebtedness (46,958) (39,903)
Additions to deferred financing costs   (593)
Repurchases of common stock (16,001)  
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 (135) (1,892)
Dividends paid to common shareholders (25,541) (94,083)
Net cash used in financing activities (89,684) (138,264)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 18,162 (28,356)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 123,076 141,949
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 141,238 113,593
Reconciliation from consolidated statements of cash flows to consolidated balance sheets:    
Cash and cash equivalents 57,679 [1] 24,919
Restricted cash:    
Restricted cash 43,116 47,650
Mortgage escrows 40,443 41,024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 141,238 113,593
SUPPLEMENTAL INFORMATION    
Cash paid for interest, net of amounts capitalized $ 68,585 $ 66,561
[1] As of June 30, 2024, includes $178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $208,139 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.