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Condensed 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 $ 68,577 $ 41,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140,312 172,394
Gain on disposition of property (29,261) (27,170)
Amortization of non-cash items within interest expense 6,804 7,514
Amortization of acquired above- and below-market leases, net (1,932) (4,136)
Amortization of acquired below-market ground leases 5,873 5,873
Straight-lining of rental revenue (17,430) (18,533)
Equity based compensation 14,732 15,599
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits 14,293 (1,198)
Tenant and other receivables (13,459) (11,707)
Deferred leasing costs (11,838) (31,983)
Prepaid expenses and other assets 23,569 23,630
Accounts payable and accrued expenses (6,055) 2,511
Deferred revenue and other liabilities 1,863 (401)
Net cash provided by operating activities 196,048 173,985
Cash Flows From Investing Activities    
Acquisition of real estate property (26,910) 0
Net proceeds from disposition of property 88,910 0
Development costs 0 (31)
Additions to building and improvements (101,379) (89,085)
Net cash used in investing activities (39,379) (89,116)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (6,685) (5,163)
Contributions from consolidated joint ventures 187 224
Repurchases of common shares (13,105) (82,545)
Private perpetual preferred unit distributions (3,151) (3,151)
Dividends paid to common stockholders (16,980) (17,444)
Distributions paid to non-controlling interests in the operating partnership (10,660) (11,613)
Net cash used in financing activities (50,394) (119,692)
Net increase (decrease) in cash and cash equivalents and restricted cash 106,275 (34,823)
Cash and cash equivalents and restricted cash—beginning of period 314,678 474,638
Cash and cash equivalents and restricted cash—end of period 420,953 439,815
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 264,434 423,695
Restricted cash at beginning of period 50,244 50,943
Cash and cash equivalents at end of period 353,999 387,248
Restricted cash at end of period 66,954 52,567
Cash and cash equivalents and restricted cash 420,953 439,815
Supplemental disclosures of cash flow information:    
Cash paid for interest 69,739 67,673
Cash paid for income taxes 578 188
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 44,099 55,320
Write-off of fully depreciated assets 23,058 55,585
Derivative instruments at fair values included in prepaid expenses and other assets 25,578 18,457
Conversion of operating partnership units and Class B shares to Class A shares 15,682 2,384
Disposal of land in connection with foreclosure 0 1,680
Extinguishment of debt in connection with property disposition $ 0 $ 30,000