v3.25.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sale of real estate $ (9,384) $ (17,949)
Deferred income tax benefit (530) (277)
Equity in loss from joint ventures (2,647) (3,627)
Proceeds from Equity Method Investment, Distribution 11 0
Financing Receivable, Credit Loss, Expense (Reversal) (652) 2,737
Depreciation and amortization 41,089 40,469
Amortization of deferred financing costs 2,206 2,212
Amortization of above/below market leases and tenant allowances, net (81) (84)
Share-based Payment Arrangement, Noncash Expense 3,867 3,692
share based compensation included in severance expense 0 1,598
Increase (Decrease) in Operating Lease Assets and Liabilities, Net (293) (287)
Mortgage notes accrued interest receivable (1,687) (1,418)
Accounts receivable (3,862) (5,819)
Other assets (1,507) (3,878)
Accounts payable and accrued liabilities 3,759 6,202
Increase (Decrease) in Deferred Revenue (2,017) 6,009
Net cash provided by operating activities 99,369 99,543
Investing activities:    
Payments to Acquire Productive Assets 14,667 34,531
Proceeds from Sale of Productive Assets 70,810 46,188
Investment in mortgage notes receivable (298) (9,969)
Proceeds from Sale and Collection of Mortgage Notes Receivable 9,287 198
Proceeds from promissory note receivable paydown 138 136
Additions to properties under development (22,873) (40,573)
Net cash provided (used) by investing activities 42,397 (38,551)
Financing activities:    
Proceeds from long-term debt facilities 70,000 0
Repayments of Long-Term Debt (140,000) 0
Deferred financing fees paid (55) (53)
Net proceeds from issuance of common shares 232 185
Purchase of common shares for treasury (9,833) (11,375)
Dividends paid to shareholders (70,834) (68,241)
Net cash used by financing activities (150,490) (79,484)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (49) (84)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (8,773) (18,576)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 26,926 62,405
Cash and Cash Equivalent 20,572 59,476
Restricted Cash and Cash Equivalent 6,354 2,929
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 1,583 111,154
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 25,858 20,096
Supplemental disclosure of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activity 17,731 17,265
Cash paid during the period for income taxes 1,231 617
Interest cost capitalized 1,468 958
Change in accrued capital expenditures (13,524) (6,762)
Net income $ 65,803 $ 62,709