v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:            
Net (loss) income $ 18,070   $ 93,056 $ (411,179) $ 287,498  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:            
Depreciation and amortization 74,440   81,172 220,852 239,100  
Amortization of net (below) above market lease intangibles and other deferred rent on certain other below-market leases       (11,890) (20,228)  
Amortization of debt issuance costs       3,986 3,729  
Amortization of discount/(premium) on notes payable, net       4,984 4,736  
Accretion of net loan origination fees and costs       (345) (345)  
Loss on debt extinguishment       194 200  
Impairment of real estate 71,834 $ 89,100 0 703,412 0  
Gains on sale of real estate (23,208)   (28,583) (71,382) (86,101)  
Share-based compensation       9,476 31,719  
Straight-line rent       (31,103) (20,599)  
Amortization related to termination/settlement of interest rate derivatives       233 232  
Change in working capital components:            
Rents and other receivables       (692) 343  
Deferred leasing costs       (30,010) (21,822)  
Other assets       (4,573) (5,479)  
Accounts payable, accrued expenses and other liabilities       17,691 17,969  
Tenant security deposits       3,244 1,863  
Tenant prepaid rents       (3,189) (2,475)  
Net cash provided by operating activities       399,709 430,340  
CASH FLOWS FROM INVESTING ACTIVITIES:            
Capital expenditures       (167,112) (251,496)  
Proceeds from sale of real estate       1,462,151 180,115  
Net cash provided by (used in) investing activities       1,295,039 (71,381)  
CASH FLOWS FROM FINANCING ACTIVITIES:            
Issuance of common stock, net       0 477,598  
Proceeds from borrowings       575,000 0  
Repayment of borrowings       (1,067,364) (100,725)  
Payment of debt issuance costs       0 (9,342)  
Dividends paid to preferred stockholders       (6,943) (6,943)  
Dividends paid to common stockholders       (295,014) (297,388)  
Distributions paid to common unitholders       (11,763) (11,314)  
Distributions paid to preferred unitholders       (271) (561)  
Repurchase of common stock under stock repurchase programs       (609,077) (150,078)  
Repurchase of common shares to satisfy employee tax withholding requirements       (21,504) (1,757)  
Net cash used in financing activities       (1,436,936) (100,510)  
Increase in cash, cash equivalents and restricted cash       257,812 258,449  
Cash, cash equivalents and restricted cash, beginning of period   314,420   165,778 55,971 $ 55,971
Cash, cash equivalents and restricted cash, end of period 423,590 165,778 314,420 423,590 314,420 165,778
Supplemental disclosure of cash flow information:            
Cash paid for interest (net of capitalized interest of $19,662 and $26,534 for the nine months ended September 30, 2026 and 2025, respectively)       84,305 82,232  
Supplemental disclosure of noncash transactions:            
Operating lease right-of-use assets obtained in exchange for lease liabilities 3,059   0 3,059 0  
Accrual for capital expenditures       25,590 45,221  
Accrual of dividends and distributions $ 97,407 $ 103,399 $ 103,913 $ 97,407 $ 103,913 $ 103,399