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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 302,640 $ 232,954 $ 238,288
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of real estate assets and leasing costs 349,271 349,828 348,064
Depreciation of non-real estate furniture, fixtures, and equipment 5,583 6,354 7,214
Revenues deemed uncollectible 1,518 2,416 11,553
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (14,644) (17,605) (19,181)
Straight-line rents, net 11,628 3,160 (19,262)
Non-cash amortization of net below-market rents (3,079) (3,521) (6,648)
Non-cash amortization of deferred financing costs and debt discounts 4,777 6,893 5,200
Non-cash amortization of share-based compensation awards 19,090 17,714 36,858
Amortization of right of use ground lease assets 1,106 1,066 1,024
Gains on sales of depreciable operating properties (127,038) 0 0
Impairment of real estate assets 16,259 0 0
Gain on sale of long-lived assets 0 (5,979) 0
Net change in other operating assets (11,326) 1,894 2,322
Net change in other operating liabilities 10,528 (54,025) (2,843)
Net cash provided by operating activities 566,313 541,149 602,589
Cash flows from investing activities:      
Expenditures for development and redevelopment properties and undeveloped land (174,687) (365,521) (446,426)
Expenditures for operating properties and other capital assets (116,025) (100,303) (97,393)
Expenditures for acquisitions of operating properties (397,251) (35,155) 0
Net proceeds received from dispositions of real estate assets 447,938 0 0
Net proceeds received from disposition of long-lived assets 0 19,354 0
Maturity (Purchases) of certificates of deposit 0 256,581 (256,581)
Net cash used in investing activities (240,025) (225,044) (800,400)
Cash flows from financing activities:      
Distributions to noncontrolling interests in consolidated property partnerships (33,163) (23,829) (30,097)
Dividends and distributions paid to common stockholders and common unitholders (257,861) (256,306) (255,430)
Taxes paid upon net share settlement of restricted share units (6,551) (27,636) (11,595)
Financing costs (4,805) (18,605) (10,924)
Principal payments and repayments of secured debt (6,246) (6,006) (5,775)
Proceeds from the issuance of unsecured debt 395,964 395,516 0
Proceeds from the issuance of secured debt 0 0 375,000
Repayments of unsecured debt (400,000) (723,712) 0
Borrowings on unsecured debt 0 0 320,000
Repurchases of unsecured debt 0 0 (20,584)
Borrowings on unsecured revolving credit facility 65,000 0 0
Repayments on unsecured revolving credit facility (65,000) 0 0
Net cash (used in) provided by financing activities (312,662) (660,578) 360,595
Net increase (decrease) in cash and cash equivalents and restricted cash 13,626 (344,473) 162,784
Cash and cash equivalents and restricted cash, beginning of year 165,690 510,163 347,379
Cash and cash equivalents and restricted cash, end of year $ 179,316 $ 165,690 $ 510,163