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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net Income (Loss) Available to Common Stockholders, Diluted $ 47,964 $ 48,228
Operating activities:    
Net income 53,916 54,180
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sale of real estate (2,004) 0
Deferred income tax expense (benefit) 634 (602)
Costs associated with loan refinancing or payoff 5 552
Equity in (loss) income from joint ventures (8) 212
Distributions from joint ventures 442 511
Depreciation and amortization 28,077 25,955
Amortization of deferred financing costs 1,456 1,172
Amortization of above market leases, net and tenant improvements 45 48
Share-based compensation expense to management and trustees 3,458 2,765
Increase in restricted cash (1,786) (2,221)
Increase in mortgage notes accrued interest receivable 1,098 514
Decrease (increase) in accounts receivable, net 2,720 (2,968)
Increase in direct financing lease receivable (397) (840)
Increase in other assets (3,147) (2,907)
Decrease in accounts payable and accrued liabilities (12,492) (6,878)
Increase in unearned rents and interest 2,738 8
Net cash provided by operating activities 74,771 69,077
Investing activities:    
Acquisition of and investments in rental properties and other assets 60,764 36,907
Proceeds from sale of real estate 18,105 1,920
Investment in mortgage notes receivable (67,057) (53,659)
Proceeds from mortgage note receivable paydown 8,140 19,496
Investment in promissory notes receivable 554 0
Proceeds from promissory note receivable paydown 1,599 0
Additions to properties under development (100,184) (61,765)
Net cash used by investing activities (200,715) (130,915)
Financing activities:    
Proceeds from long-term debt facilities 175,000 162,000
Principal payments on long-term debt (45,331) (148,586)
Deferred financing fees paid (33) (36)
Costs associated with loan refinancing or payoff (cash portion) (1) (472)
Net proceeds from issuance of common shares 68,141 125,199
Impact of stock option exercises, net (138) (635)
Purchase of common shares for treasury (6,729) (4,208)
Dividends paid to shareholders (69,856) (64,823)
Net cash provided by financing activities 121,053 68,439
Effect of exchange rate changes on cash 2 96
Net (decrease) increase in cash and cash equivalents (4,889) 6,697
Cash and cash equivalents at beginning of the year 19,335 4,283
Cash and cash equivalents at end of the year 14,446 10,980
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 63,672 173,877
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 21,698 18,505
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 41,030 34,257
Cash paid during the period for income taxes 317 418
Interest cost capitalized 2,791 2,291
Decrease in accrued capital expenditures $ (5,506) $ (7,320)