v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 144,879 $ 146,776
Cash flows from investing activities:    
Acquisition of real estate, including intangible assets (103,164) (30,013)
Investment in real estate under construction (64,175) (20,465)
Capital expenditures (18,053) (18,346)
Insurance proceeds 2,561 5,309
Net proceeds from sale of real estate 156,364 265,590
Investments in non-consolidated entities (1,865) (546)
Distributions from non-consolidated entities in excess of accumulated earnings 0 3,900
Deferred leasing costs (11,098) (2,366)
Change in real estate deposits, net 2,330 (1,731)
Net cash provided by (used in) investing activities (37,100) 201,332
Cash flows from financing activities:    
Dividends to common and preferred shareholders (127,722) (123,182)
Principal amortization payments (4,310) (4,158)
Principal payments on debt, excluding normal amortization 0 (50,000)
Revolving credit facility borrowings 116,950 0
Revolving credit facility payments (116,950) 0
Repurchase of trust preferred securities 0 (26,725)
Deferred financing costs (7,575) 0
Repurchase of common shares (15,814) 0
Cash contributions from noncontrolling interests 1,759 1,659
Cash distributions to noncontrolling interests (188) (16,526)
Purchase of noncontrolling interests (10,942) 0
Issuance of common shares, net of costs and repurchases to settle tax obligations (3,153) (1,260)
Net cash used in financing activities (167,945) (220,192)
Change in cash, cash equivalents and restricted cash (60,166) 127,916
Cash, cash equivalents and restricted cash, at beginning of period 170,651 102,073
Cash, cash equivalents and restricted cash, at end of period 110,485 229,989
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 170,394 101,836
Restricted cash at beginning of period 257 237
Cash, cash equivalents and restricted cash, at beginning of period 170,651 102,073
Cash and cash equivalents at end of period 110,310 229,737
Restricted cash at end of period 175 252
Cash, cash equivalents and restricted cash, at end of period 110,485 229,989
Supplemental disclosure of cash flow information:    
Interest paid 35,638 41,246
Income taxes paid 766 828
Supplemental schedule of non-cash investing activities:    
Accounts payable related to Investments in real estate under construction 28,121 9,059
Reclassification of Land held for development to Investments in real estate under construction $ 17,783 $ 24,550