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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 65,349 $ 29,538
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sale of real estate (6,328) 0
Deferred income tax (benefit) expense (609) 428
Costs associated with loan refinancing or payoff 0 31,943
Equity in income from joint ventures 489 51
Proceeds from Equity Method Investment, Distribution 112 116
Depreciation and amortization 39,743 37,684
Amortization of deferred financing costs 1,502 1,398
Amortization of above/below market leases and tenant allowances, net (59) (417)
Share-based compensation expense to management and trustees 3,280 3,791
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 445 0
(Increase) decrease in mortgage notes accrued interest receivable (135) 845
Decrease in accounts receivable 14,669 3,597
Increase in direct financing lease receivable (58) (198)
Increase in other assets (5,673) (3,826)
Increase (decrease) in accounts payable and accrued liabilities 4,684 (9,118)
Increase in unearned rents and interest 5,951 13,234
Net cash provided by operating activities 122,384 108,964
Investing activities:    
Acquisition of and investments in rental properties and other assets 93,322 38,869
Proceeds from sale of real estate 37,810 0
Investment in unconsolidated joint ventures 325 0
Investment in mortgage notes receivable (10,998) (16,223)
Proceeds from mortgage note receivable paydown 973 11,555
Investment in promissory notes receivable 61 7,677
Additions to properties under development (61,910) (55,702)
Net cash used by investing activities (127,833) (106,916)
Financing activities:    
Proceeds from long-term debt facilities 100,000 380,000
Principal payments on long-term debt (66,150) (281,684)
Deferred financing fees paid (40) (38)
Costs associated with loan refinancing or payoff (cash portion) 0 (28,650)
Net proceeds from issuance of common shares 74,323 303
Impact of stock option exercises, net (732) 0
Purchase of common shares for treasury (9,499) (7,116)
Dividends paid to shareholders (88,748) (83,613)
Net cash provided (used) by financing activities 9,154 (20,798)
Effect of exchange rate changes on cash 70 (82)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 3,775 (18,832)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 22,282 40,154
Cash and Cash Equivalents, at Carrying Value 11,116 24,514
Restricted Cash and Cash Equivalents 11,166 15,640
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 7,330 55,377
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 14,682 16,809
Noncash or Part Noncash Acquisition, Value of Assets Acquired 0 155,185
Operating Lease, Cost   0
Straight-Line Rent Receivable 98,372  
Other Real Estate, Additions 14,000 0
Noncash or Part Noncash Acquisition, Debt Assumed 18,585 0
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 28,676 41,948
Cash paid during the period for income taxes 695 290
Interest cost capitalized 3,137 2,244
Decrease in accrued capital expenditures (6,406) (4,278)
Ground Lease Arrangement [Member]    
Supplemental schedule of non-cash activity:    
Straight-Line Rent Receivable $ 24,638 $ 0