v3.26.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 65,080 $ 123,361
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 307,134 301,360
Gain on sale of operating property, including land (68,100) (47,293)
Investment losses 4,855 0
Share-based compensation 8,121 8,245
Net change in operating accounts and other 42,612 (6,794)
Net cash from operating activities 359,702 378,879
Cash flows from investing activities    
Development and capital improvements, including land (239,940) (195,217)
Acquisition of operating properties (446,484) (334,216)
Net proceeds from sale of operating property and land 76,694 58,775
Other (9,033) (2,799)
Net cash from investing activities (618,763) (473,457)
Cash flows from financing activities    
Borrowings on unsecured revolving credit facility 864,000 588,000
Repayments on unsecured revolving credit facility (507,000) (766,000)
Proceeds from commercial paper program, net 8,731 514,821
Repayment of notes payable (11,950) 0
Proceeds from notes payable 595,716 0
Distributions to common shareholders and non-controlling interests (227,076) (229,490)
Repurchase of common shares (433,048) 0
Payment of deferred financing costs (10,733) (1,477)
Other 1,899 1,060
Net cash from financing activities 280,539 106,914
Net increase in cash, cash equivalents, and restricted cash 21,478 12,336
Cash, cash equivalents, and restricted cash, beginning of period 37,242 32,209
Cash, cash equivalents, and restricted cash, end of period 58,720 44,545
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 44,717 33,091
Restricted cash 10,717 11,454
Restricted cash included in real estate and other assets held for sale 3,286 0
Total cash, cash equivalents, and restricted cash, end of period 58,720 44,545
Supplemental information    
Cash paid for interest, net of interest capitalized 67,884 70,330
Cash paid for income taxes 3,968 2,531
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 110,389 116,007
Value of shares issued under benefit plans, net of cancellations 25,133 27,787
Accrual associated with construction and capital expenditures $ 20,847 $ 26,524