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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net Income (Loss) Available to Common Stockholders, Diluted $ 48,228 $ 36,869
Operating activities:    
Net income 54,180 42,821
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss from discontinued operations 0 10
Gain on sale of real estate 0 (23,924)
Deferred income tax expense (benefit) (602) 6,888
Costs associated with loan refinancing or payoff 552 0
Equity in income from joint ventures 212 164
Distributions from joint ventures 511 0
Depreciation and amortization 25,955 19,355
Amortization of deferred financing costs 1,172 1,096
Amortization of above and below Market Leases 48 48
Share-based compensation expense to management and trustees 2,765 1,972
Share-based compensation expense included in retirement severance expense 0 6,377
Decrease (increase) in restricted cash (2,221) 730
Decrease (increase) in mortgage notes accrued interest receivable 514 (599)
Increase in accounts receivable, net (2,968) (2,330)
Increase in direct financing lease receivable (840) (934)
Increase in other assets (2,907) (2,891)
Increase (decrease) in accounts payable and accrued liabilities (6,878) 2,529
Increase in unearned rents and interest 8 6,079
Net operating cash provided by continuing operations 69,077 57,063
Net operating cash provided by discontinued operations 0 455
Net cash provided by operating activities 69,077 57,518
Investing activities:    
Acquisition of rental properties and other assets 36,907 49,207
Proceeds from sale of real estate 1,920 43,790
Investment in mortgage notes receivable (53,659) (18,698)
Proceeds from mortgage note receivable paydown 19,496 148
Additions to properties under development (61,765) (69,195)
Net cash used by investing activities (130,915) (93,162)
Financing activities:    
Proceeds from long-term debt facilities 162,000 453,914
Principal payments on long-term debt (148,586) (251,100)
Deferred financing fees paid (36) (2,878)
Proceeds from (Payments for) Other Financing Activities (472) 0
Net proceeds from issuance of common shares 125,199 123
Impact of stock option exercises, net (635) (33)
Purchase of common shares for treasury (4,208) (8,222)
Dividends paid to shareholders (64,823) (56,796)
Net cash provided by financing activities 68,439 135,008
Effect of exchange rate changes on cash 96 (494)
Net increase in cash and cash equivalents 6,697 98,870
Cash and cash equivalents at beginning of the year 4,283 3,336
Cash and cash equivalents at end of the year 10,980 102,206
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 173,877 30,466
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 18,505 11,610
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 34,257 34,871
Cash paid during the period for income taxes 418 397
Interest cost capitalized 2,291 4,348
Decrease in accrued capital expenditures $ (7,320) $ (5,009)