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 (loss) $ (1,592) $ (213,522)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 56,007 72,166
Amortization of intangibles 27,117 59,566
Amortization of deferred financing costs 4,531 4,985
Amortization of discounts on mortgages and senior notes 17,726 28,569
Amortization of below-market lease liabilities (1,243) (4,735)
Amortization of above-market lease assets 2,956 5,372
Amortization related to right-of-use assets 481 755
Amortization of lease incentives 1,213 1,011
Unbilled straight-line rent (302) (8,194)
Equity-based compensation 7,984 6,431
Unrealized (gains) losses on foreign currency transactions, derivatives, and other (3,576) 10,481
Unrealized (gains) losses on undesignated foreign currency advances and other hedge ineffectiveness (1,816) 12,675
Net (gain) loss on multi-tenant disposition receivable (3,575) 13,766
Loss on extinguishment and modification of debt 13,618 19,864
(Gain) loss on dispositions of real estate investments (32,450) 52,096
Lease incentive and commission payments (4,429) (5,343)
Impairment charges 14,810 70,127
Goodwill impairment 0 7,134
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets 7,051 (2,008)
Accounts payable and accrued expenses 3,572 (28,044)
Prepaid rent (1,292) 8,042
Net cash provided by operating activities 106,791 111,194
Cash flows from investing activities:    
Deposits for real estate investments (250) 0
Capital expenditures (3,396) (19,579)
Net proceeds from dispositions of real estate investments 132,237 1,250,952
Cash received from multi-tenant disposition receivable 29,034 22,624
Net cash provided by investing activities 157,625 1,253,997
Cash flows from financing activities:    
Borrowings under revolving credit facility 243,630 453,000
Repayments on revolving credit facility (80,580) (1,175,170)
Principal payments on mortgage notes payable (294,229) (489,982)
Penalties and charges related to repayments and early repayments of debt (2,656) (2,560)
Common shares repurchased upon vesting of restricted stock (1,970) (655)
Repurchases of Common Stock, net (49,461) (75,973)
Dividends paid on Common Stock (81,895) (107,421)
Net cash used in financing activities (289,033) (1,420,633)
Net change in cash, cash equivalents and restricted cash (24,617) (55,442)
Effect of exchange rate changes on cash (1,454) 13,382
Cash, cash equivalents and restricted cash, beginning of period 194,063 224,208
Cash, cash equivalents and restricted cash, end of period 167,992 182,148
Cash and cash equivalents, end of period 153,640 144,809
Restricted cash, end of period 14,352 37,339
Cash, cash equivalents and restricted cash, end of period 167,992 182,148
Non-Cash Investing and Financing Activity:    
Loss on extinguishment of debt 10,962 17,304
Accrued capital expenditures 0 3
Series A Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (6,162) (6,162)
Series B Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (4,036) (4,036)
Series D Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock (7,438) (7,438)
Series E Preferred Stock    
Cash flows from financing activities:    
Dividends paid on Preferred Stock $ (4,236) $ (4,236)