Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the six months ended June 30, 2024 and 2023 included the following:

•We recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $38.9 million in 2024 and $30.2 million in 2023 for both assets and liabilities.

•We capitalized $25.1 million and $22.6 million in 2024 and 2023, respectively, of equity-based compensation expense.

•We received $211.1 million of ownership interests in certain unconsolidated co-investment ventures, primarily as a portion of our proceeds from the contribution of properties to these entities in 2024, as disclosed in Note 3.

•We issued 1.2 million and 0.4 million shares in 2024 and 2023, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP.

•We recognized a $150.1 million liability for installment payments to be made related to an acquisition of land in the first quarter of 2024, with a $48.6 million installment cash payment made in the second quarter of 2024.

•We reinvested a distribution from an unconsolidated co-investment venture of $51.1 million in 2024.

We paid $407.9 million and $244.8 million for interest, net of amounts capitalized, during the six months ended June 30, 2024 and 2023, respectively.

We paid $86.5 million and $81.5 million for income taxes, net of refunds, during the six months ended June 30, 2024 and 2023, respectively.