v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (79,883) $ (182,693)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on extinguishment of debt 10,368 0
(Gain) loss on sale or write down of assets, net (28,153) 97,106
Depreciation and amortization 266,616 280,406
Amortization of discount on mortgage notes payable 12,487 25,773
Amortization of share and unit-based plans 19,106 13,323
Straight-line rent and amortization of above and below market leases (7,868) (4,799)
Provision for doubtful accounts 5,348 3,311
Income tax benefit (2,066) (1,720)
Equity in loss (income) of unconsolidated joint ventures 8,090 (8,485)
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 15,919 21,314
Other assets 21,947 18,942
Due from affiliates (1,598) 131
Accounts payable and accrued expenses 28,067 40,843
Other accrued liabilities (14,729) (32,052)
Net cash provided by operating activities 253,651 271,400
Cash flows from investing activities:    
Acquisitions of property (270,111) (266,926)
Development, redevelopment, expansion and renovation of properties (120,032) (75,431)
Property improvements (85,541) (35,337)
Deferred leasing costs (6,193) (3,389)
Distributions from unconsolidated joint ventures 63,636 73,408
Contributions to unconsolidated joint ventures (62,192) (135,251)
Proceeds from sale of assets 19,707 124,760
Decrease in restricted cash from property disposition (3,579) 0
Net cash used in investing activities (464,305) (318,166)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 1,025,000 599,100
Payments on mortgages, bank and other notes payable (865,392) (247,026)
Deferred financing costs (32,369) (5,397)
Payments on finance leases 0 (4,408)
Proceeds from stock offerings, net 530,243 48,406
Purchase of capped calls on exchangeable senior notes (44,950) 0
Employee stock purchases 1,104 1,251
Redemption of noncontrolling interests (830) (4)
Dividends and distributions (151,970) (142,032)
Net cash provided by financing activities 460,836 249,890
Net increase in cash, cash equivalents and restricted cash 250,182 203,124
Cash, cash equivalents and restricted cash, beginning of period 372,963 177,479
Cash, cash equivalents and restricted cash, end of period 623,145 380,603
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 159,767 156,253
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 72,938 49,996
Conversion of Operating Partnership Units to common stock 5,383 5,762
Mortgage note payable assumed by buyer $ 69,707 $ 317,115