v3.25.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 123,361 $ 130,569
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 301,360 290,696
Loss on early retirement of debt 0 921
Gain on sale of operating property (47,293) (43,806)
Share-based compensation 8,245 7,009
Net change in operating accounts and other (6,794) (24,430)
Net cash from operating activities 378,879 360,959
Cash flows from investing activities    
Development and capital improvements, including land (195,217) (210,480)
Acquisition of operating properties (334,216) 0
Net proceeds from sale of operating property 58,775 114,474
Other (2,799) (4,472)
Net cash from investing activities (473,457) (100,478)
Cash flows from financing activities    
Borrowings on unsecured revolving credit facility 588,000 120,000
Repayments on unsecured revolving credit facility (766,000) (120,000)
Proceeds from commercial paper program, net 514,821 0
Proceeds from notes payable 0 395,952
Repayment of notes payable 0 (550,000)
Distributions to common shareholders and non-controlling interests (229,490) (223,949)
Repurchase of common shares and units 0 (49,997)
Other (417) 1,367
Net cash from financing activities 106,914 (426,627)
Net increase (decrease) in cash, cash equivalents, and restricted cash 12,336 (166,146)
Cash, cash equivalents, and restricted cash, beginning of period 32,209 268,047
Cash, cash equivalents, and restricted cash, end of period 44,545 101,901
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 33,091 93,932
Restricted cash 11,454 7,969
Total cash, cash equivalents, and restricted cash 44,545 101,901
Supplemental information    
Cash paid for interest, net of interest capitalized 70,330 61,786
Cash paid for income taxes 2,531 2,906
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 116,007 113,506
Value of shares issued under benefit plans, net of cancellations 27,787 25,249
Accrual associated with construction and capital expenditures $ 26,524 $ 30,838