v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 538,244 $ 252,539
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 165,982 160,384
Impairment on real estate properties 392 15,450
Straight-line rent and other write-offs 9,762 27,537
(Recovery) provision for credit losses (8,313) 321
Amortization of deferred financing costs and loss on debt extinguishment 6,808 2,396
Stock-based compensation expense 34,043 25,046
Gain on assets sold - net (249,543) (32,961)
Straight-line receivables (23,015) (23,526)
Interest paid-in-kind (11,921) (4,996)
Loss from unconsolidated entities 2,284 3,066
Other non-cash items 8,599 (4,358)
Change in operating assets and liabilities - net:    
Contractual receivables (1,786) 1,059
Other operating assets and liabilities (38,312) (740)
Net cash provided by operating activities 433,224 421,217
Cash flows from investing activities    
Acquisition of real estate (226,104) (560,422)
Net proceeds from sale of real estate investments 559,709 182,995
Investments in construction in progress (7,860) (29,731)
Investment in loan receivables and other (142,029) (109,767)
Collection of loan principal 209,087 100,297
Investments in unconsolidated entities (97,178) (1,250)
Distributions from unconsolidated entities in excess of earnings 6,688 1,466
Capital improvements to real estate investments (26,671) (32,941)
Proceeds from foreign currency forward contracts 978 4,675
Receipts from insurance proceeds 5,422 392
Net cash provided by (used in) investing activities 282,042 (444,286)
Cash flows from financing activities    
Proceeds from borrowings 1,127,000 670,708
Payments of borrowings (1,363,000) (527,240)
Payments of financing related costs (333) (6,540)
Net proceeds from issuance of common stock 166,310 517,851
Dividends paid (398,445) (383,785)
Redemption of Omega OP Units (83,874) (3,681)
Distributions to Omega OP Unit Holders (32,478) (26,056)
Net cash (used in) provided by financing activities (584,820) 241,257
Effect of foreign currency translation on cash, cash equivalents and restricted cash (800) 5,661
Increase in cash, cash equivalents and restricted cash 129,646 223,849
Cash, cash equivalents and restricted cash at beginning of period 54,563 548,735
Cash, cash equivalents and restricted cash at end of period $ 184,209 $ 772,584