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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income/(loss) $ (20,350) $ 71,260
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation 110,422 98,828
Amortization of debt issuance costs inclusive of settled interest rate swaps 4,263 2,738
Other amortization 55,897 60,457
Goodwill impairment charge 10,957 0
Loss on early extinguishment of debt 287 0
Reversal of general reserve for uncollectible accounts (1,000) (2,000)
Stock compensation expense 6,029 6,880
Gain on sale of real estate assets 0 (50,674)
Changes in assets and liabilities:    
Increase in tenant and straight-line rent receivables (13,015) (14,760)
Increase in prepaid expenses and other assets (8,789) (933)
Increase in accounts payable and accrued expenses 16,606 4,571
Decrease in deferred income (776) (12,383)
Net cash provided by operating activities 160,531 163,984
Cash Flows from Investing Activities:    
Acquisition of real estate assets, net of related debt assumed, and intangibles 0 (270,899)
Capitalized expenditures (113,392) (95,507)
Net sales proceeds from wholly-owned properties 0 143,596
Proceeds from notes receivable 0 118,500
Deferred lease costs paid (23,603) (16,042)
Net cash used in investing activities (136,995) (120,352)
Cash Flows from Financing Activities:    
Debt issuance and other costs paid (1,720) (194)
Proceeds from debt 1,112,203 761,420
Repayments of debt (1,048,125) (693,000)
Costs of issuance of common stock 0 (311)
Value of shares withheld for payment of taxes related to employee stock compensation (1,681) (3,764)
Dividends paid (92,786) (103,799)
Net cash used in financing activities (32,109) (39,648)
Net (decrease)/increase in cash, cash equivalents, and restricted cash and escrows (8,573) 3,984
Cash, cash equivalents, and restricted cash and escrows, beginning of period 19,600 8,860
Cash, cash equivalents, and restricted cash and escrows, end of period $ 11,027 $ 12,844