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EPT - Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 112,208 $ 212,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Straight-lined rents 175 529
Depreciation and amortization 154,895 151,287
Amortization of discount and debt financing costs, net 2,657 220
Realized and unrealized gains on marketable securities, net 1,726 91
Provision for credit losses 34 (3)
Equity income from co-investments (23,615) (13,209)
Operating distributions from co-investments 4,971 13,709
Accrued interest from notes and other receivables (1,260) (2,593)
Gain on the sale of real estate and land 0 (111,030)
Equity-based compensation 2,646 1,958
Loss on early retirement of debt 0 762
Gain on remeasurement of co-investment 0 (330)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables, operating lease right-of-use assets and other assets 574 2,996
Accounts payable, accrued liabilities and operating lease liabilities 32,536 25,385
Other liabilities (378) (1,047)
Net cash provided by operating activities 287,169 281,503
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired (2,060) (345,211)
Redevelopment (8,856) (12,046)
Development acquisitions of and additions to real estate under development (14,144) (7,856)
Capital expenditures on rental properties (19,788) (27,914)
Investments in notes receivable (59,500) 0
Collections of notes and other receivables 0 3,096
Proceeds from insurance for property losses 938 848
Proceeds from dispositions of real estate 0 125,997
Contributions to co-investments (1,329) (3,934)
Changes in refundable deposits 0 (2,000)
Purchases of marketable securities (10,319) (6,306)
Sales and maturities of marketable securities 9,905 13
Non-operating distributions from co-investments 0 8,000
Net cash used in investing activities (105,153) (267,313)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 0 398,416
Payments on unsecured debt and mortgage notes (270) (70,362)
Proceeds from lines of credit and commercial paper 217,737 550,897
Repayments of lines of credit and commercial paper (213,077) (688,842)
Retirement of common stock (50,213) 0
Additions to deferred charges (455) (3,055)
Payments related to debt prepayment penalties 0 (697)
Net proceeds from stock options exercised 586 6,028
Payments related to tax withholding for share-based compensation (805) (519)
Distributions to noncontrolling interest (8,079) (7,998)
Redemption of noncontrolling interest 0 (8,556)
Common stock dividends paid (165,616) (157,486)
Net cash (used in) provided by financing activities (220,192) 17,826
Net (decrease) increase in unrestricted and restricted cash and cash equivalents (38,176) 32,016
Unrestricted and restricted cash and cash equivalents at beginning of period 85,586 75,846
Unrestricted and restricted cash and cash equivalents at end of period 47,410 107,862
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of $1.3 million and $0.7 million capitalized in 2026 and 2025, respectively) 60,548 61,250
Operating cash flows from operating leases 1,605 1,713
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Operating Partnership units for contributed properties 250 0
Redemption of preferred equity investments upon acquisition of consolidated co-investments 0 94,669
Reclassifications to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 1,898 3,527
Leased assets obtained in exchange for new operating lease liabilities $ 0 $ 2,727