v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (45,036) $ (40,361)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 134,975 123,666
Amortization of debt issuance costs inclusive of settled interest rate swaps 6,322 6,034
Other amortization 45,802 42,661
Loss on early extinguishment of debt 20,236 8,000
Stock compensation expense 7,163 7,229
Gain on sale of real estate assets (8,878) (2,013)
Changes in assets and liabilities:    
Increase in tenant and straight-line rent receivables (19,871) (20,437)
Increase in prepaid expenses and other assets (4,472) (3,068)
Decrease in accounts payable and accrued expenses (5,419) (17,916)
Decrease in deferred income (13,945) (14,167)
Net cash provided by operating activities 116,877 89,628
Cash Flows from Investing Activities:    
Acquisition of real estate assets and intangibles (52,760) 0
Capitalized expenditures (118,008) (115,813)
Sales proceeds from wholly-owned properties and land parcel 11,759 31,351
Deferred lease costs paid (32,775) (35,723)
Net cash used in investing activities (191,784) (120,185)
Cash Flows from Financing Activities:    
Debt issuance and other costs paid (358) (376)
Proceeds from debt 670,250 553,087
Repayments of debt (559,057) (587,227)
Premiums paid to repurchase senior notes (19,199) (7,098)
Shares issued under ATM program 40,007 0
Costs of issuance of common stock (875) (441)
Value of shares withheld for payment of taxes related to employee stock compensation (3,029) (2,274)
Share repurchases (50,000) 0
Dividends paid (143) (30,861)
Net cash provided by/(used in) financing activities 77,596 (75,190)
Net increase/(decrease) in cash, cash equivalents, and restricted cash and escrows 2,689 (105,747)
Cash, cash equivalents, and restricted cash and escrows, beginning of period 3,791 113,882
Cash, cash equivalents, and restricted cash and escrows, end of period $ 6,480 $ 8,135