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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income (loss) $ 115,266 $ 113,055 $ (11,906)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 0 700 70,954
Non-cash impairment charges 27,115 463 2,083
Loss (income) from discontinued operations (12,703) 4,178 46,430
Costs associated with loan refinancing or payoff, net (non-cash portion) 1,759 3,067 117
Equity in income from joint ventures (2,847) (2,138) (895)
Distributions from joint ventures 2,848 2,482 986
Depreciation and amortization 47,927 45,359 41,401
Amortization of deferred financing costs 3,807 4,408 3,663
Share-based compensation expense to management and trustees 5,610 4,710 4,307
Increase in restricted cash (652) (1,961) (148)
Increase in mortgage notes accrued interest receivable (5) (828) (1,324)
Decrease (increase) in accounts receivable, net 606 (5,547) 1,243
Decrease in notes receivable and accrued interest receivable 112 53 530
Increase in direct financing lease receivable (5,073) (4,750) (3,762)
Increase in other assets (591) (3,084) (3,354)
Increase (decrease) in accounts payable and accrued liabilities 4,043 11,859 (1,353)
Increase (decrease) in unearned rents 66 (465) (1,339)
Net operating cash provided by continuing operations 187,288 171,561 147,633
Net operating cash provided by discontinued operations 8,511 8,830 1,184
Net cash provided by operating activities 195,799 180,391 148,817
Investing activities:      
Acquisition of rental properties and other assets (53,175) (131,057) (135,112)
Proceeds from sale of real estate 1,700 0 0
Investment in unconsolidated joint ventures (3,970) (16,691) (1,677)
Cash paid related to Cappelli settlement 0 (4,586) 0
Investment in mortgage notes receivable (19,688) (5,696) (35,945)
Proceeds from mortgage note receivable paydown 0 0 3,512
Investment in promissory notes receivable 0 0 (4,108)
Proceeds from promissory note receivable paydown 0 0 1,000
Investment in direct financing leases, net (2,113) (51,833) 0
Additions to properties under development (57,926) (4,934) (19,672)
Net cash used by investing activities of continuing operations (135,172) (214,797) (192,002)
Net cash used by other investing activities of discontinued operations (58) (112,977) 0
Net proceeds from sale of real estate from discontinued operations 224,912 7,456 0
Net cash provided (used) by investing activities 89,682 (320,318) (192,002)
Financing activities:      
Proceeds from long-term debt facilities 387,000 770,225 132,006
Principal payments on long-term debt (425,859) (616,494) (266,423)
Deferred financing fees paid (3,731) (11,609) (5,017)
Net proceeds from issuance of common shares 253 141,134 284,965
Redemption of preferred shares (80,030) 0 0
Impact of stock option exercises, net 966 (815) (805)
Proceeds from payment of shareholder loan 0 281 0
Purchase of common shares for treasury (3,070) (2,182) (1,201)
Contributions (distributions) paid from (to) noncontrolling interests 0 10 (209)
Dividends paid to shareholders (157,844) (146,324) (126,907)
Net cash provided (used) by financing activities of continuing operations (282,315) 134,226 16,409
Net cash used by financing activities of discontinued operations 0 (6,271) (751)
Net cash provided (used) by financing activities (282,315) 127,955 15,658
Effect of exchange rate changes on cash (317) 610 583
Net increase (decrease) in cash and cash equivalents 2,849 (11,362) (26,944)
Cash and cash equivalents at beginning of the year 11,776 23,138 50,082
Cash and cash equivalents at end of the year 14,625 11,776 23,138
Supplemental schedule of non-cash activity:      
Transfer of property under development to rental property 41,087 7,005 38,990
Acquisition of real estate in exchange for assumption of debt at fair value 4,109 0 0
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 6,785 4,718 4,368
Receipt of 86,056 common shares in payment of shareholder loans 0 3,261 0
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 69,368 63,096 70,124
Cash paid (received) during the year for income taxes $ 40 $ 469 $ (383)