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 (loss) $ (69,101) $ 120,222
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 151,770 155,795
Loss on impairments of real estate and goodwill 8,171 0
Gain on dispositions of real estate 0 (241,400)
Amortization of debt issuance costs 14,067 13,878
(Income) loss from unconsolidated real estate partnerships (15,346) 6,531
Unrealized (gain) loss on derivative instruments, net (39,278) 17,285
Write-off of redevelopment costs 5,824 0
Other, net 267 4,903
Net changes in operating assets and operating liabilities 7,726 (10,380)
Net cash provided by operating activities 64,100 66,834
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (7,019) 0
Capital expenditures (35,477) (58,880)
Proceeds from dispositions of real estate 73,187 262,810
Proceeds from dispositions of unconsolidated real estate partnerships 21,616 0
Purchase of corporate assets (2,041) (6,858)
Other investing activities, net 913 512
Net cash provided by investing activities 51,179 197,584
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 0 71,720
Principal payments and paydowns of non-recourse property debt (59,648) (315,884)
Payment of distributions to General Partner and Special Limited Partner (172,574) (189,385)
Payment of distributions to Limited Partners (7,759) (8,618)
Payment of distributions to noncontrolling interests (2,053) (8,921)
Redemption of common and preferred units 0 (2,861)
Other financing activities, net (2,551) (2,780)
Net cash used in financing activities (244,585) (456,729)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (129,306) (192,311)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 372,372 644,459
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 243,066 $ 452,148