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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 156,318 $ (43,554)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 110,889 117,593
Gain on disposition of properties and other investments (146,878) (2,515)
Impairment charges 11,660 37,210
Stock compensation expense 13,065 8,664
Straight-line rents (3,887) (2,691)
Equity in (gains) losses of unconsolidated affiliates (11,954) 9,598
Distributions of operating income from unconsolidated affiliates 16,015 2,054
Amortization of financing costs 6,042 6,600
Non-cash lease expense 3,023 3,063
Net unrealized holding losses (gains) on investments 0 508
Loss on change in control 0 9,622
Other, net (6,782) (7,673)
Changes in assets and liabilities:    
Accounts receivable 1,869 (5,874)
Accounts payable and accrued expenses (6,898) (2,207)
Prepaid expenses and other assets (2,594) 6,270
Other liabilities (4,130) (8,638)
Lease liabilities - operating leases (3,296) (3,035)
Net cash provided by operating activities 132,462 124,995
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of properties (341,161) (406,907)
Proceeds from the disposition of properties and other investments, net 583,445 61,533
Development, construction and property improvement costs (80,212) (86,638)
Payment of deferred leasing costs (9,102) (9,828)
Investments and advances in unconsolidated affiliates (69,812) (6,964)
Return of capital from unconsolidated affiliates 23,795 9,734
Issuance of note receivable (54,794) (20,211)
Proceeds from repayment of note receivable 0 807
Refund of deposits for properties under purchase contract 5,058 11,500
Proceeds from sale of marketable securities 0 9,761
Increase in cash and restricted cash upon change of control 0 6,777
Net cash provided by (used in) investing activities 57,217 (430,436)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuances of Common Shares and settlement of forward equity contracts 142,662 277,519
Proceeds from unsecured notes payable and line of credit 811,800 1,091,200
Proceeds received from mortgages payable 41,557 60,336
Principal payments on unsecured debt and line of credit (434,977) (790,200)
Principal payments on mortgages payable (458,344) (192,309)
Prepayment penalty on early debt extinguishment (2,150) 0
Payment of deferred financing and other costs (13,377) (5,359)
Contributions from noncontrolling interests 10,152 14,424
Distributions to noncontrolling interests (204,579) (30,402)
Dividends paid to Common Shareholders (80,376) (75,128)
Acquisition of noncontrolling interest (8,627) (9,865)
Payments of finance lease obligations (1,013) 557
Net cash (used in) provided by financing activities (197,272) 340,773
(Decrease) increase in cash and cash equivalents and restricted cash (7,593) 35,332
Cash and cash equivalents of $38,818 and $16,806 and restricted cash of $18,081 and $22,897, respectively, beginning of period 56,899 39,703
Cash and cash equivalents of $37,984 and $49,388 and restricted cash of $11,322 and $25,647, respectively, end of period 49,306 75,035
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $7,487 and $8,234 respectively [1] 71,336 83,457
Cash paid for income taxes, net of refunds 165 330
Supplemental disclosure of non-cash investing and financing activities    
Dividends/Distributions declared and payable 29,239 27,720
Assumption of accounts payable and accrued expenses through acquisition of real estate 9,881 0
Conversion of Common and Preferred OP Units to Common Shares 776 2,403
Accrued interest on note receivable recorded to redeemable noncontrolling interest 4,131 9,296
Adjustment of redeemable non-controlling interest to estimated redemption value 5,661 1,014
Changes in accrued development, construction and property improvement costs included in Accounts payable and other liabilities 4,588 0
Note receivable and accrued interest exchanged for redeemable noncontrolling interest 58,471 48,064
Properties contributed to unconsolidated affiliates 55,438 0
Increase (decrease) in assets and liabilities resulting from the consolidation of previously unconsolidated investment:    
Operating real estate 0 201,700
Mortgage and other notes payable 0 156,117
Investments in and advances to unconsolidated affiliates 0 (28,516)
Rents receivable and other assets 0 654
Accounts payable and other liabilities 0 4,548
Noncontrolling interests $ 0 $ 29,572
[1] Cash paid during the period for interest only includes payments made on our mortgages and does not capture the effect of hedging instruments. The Company received net cash from interest rate swap settlements of $4.3 million and $9.9 million for the nine months ended September 30, 2026 and 2025, respectively.