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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 41,735 $ 43,838
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses   700
Non-cash impairment charges 34,256  
Loss (income) from discontinued operations (18,926) 7,855
Costs associated with loan refinancing (non-cash portion) 1,759 3,067
Equity in income from joint ventures (1,555) (656)
Distributions from joint ventures 1,304 855
Depreciation and amortization 24,135 22,144
Amortization of deferred financing costs 1,787 2,224
Share-based compensation expense to management and trustees 2,841 2,334
Decrease in restricted cash 1,649 1,159
Increase in mortgage notes accrued interest receivable   (828)
Decrease (increase) in accounts receivable, net 1,396 (2,360)
Decrease (increase) in notes receivable accrued interest 48 (685)
Increase in direct financing lease receivable (2,553) (2,337)
Increase in other assets (2,378) (2,878)
Increase in accounts payable and accrued liabilities 2,927 897
Increase (decrease) in unearned rents and interest 138 (383)
Net operating cash provided by continuing operations 88,563 74,946
Net operating cash provided (used) by discontinued operations 3,767 (303)
Net cash provided by operating activities 92,330 74,643
Investing activities:    
Acquisition of rental properties and other assets (38,924) (126,221)
Investment in unconsolidated joint ventures (2,784) (15,181)
Investment in mortgage notes receivable (6,036) (5,247)
Cash paid related to Cappelli settlement   (4,586)
Investment in direct financing lease, net (2,113) (44,232)
Additions to properties under development (18,437) (1,695)
Net cash used by investing activities of continuing operations (68,294) (197,162)
Net cash used by other investing activities of discontinued operations (58) (113,465)
Net proceeds from sale of real estate from discontinued operations 212,396 6,301
Net cash provided (used) by investing activities 144,044 (304,326)
Financing activities:    
Proceeds from long-term debt facilities 195,000 711,225
Principal payments on long-term debt (345,352) (533,251)
Deferred financing fees paid (934) (10,726)
Net proceeds from issuance of common shares 145 141,055
Impact of stock option exercises, net (499) (336)
Purchase of common shares for treasury (3,070) (2,182)
Contribution paid from noncontrolling interests   12
Dividends paid to shareholders (77,951) (70,803)
Net cash provided (used) by financing activities of continuing operations (232,661) 234,994
Net cash used by financing activities of discontinued operations   (6,240)
Net cash provided (used) by financing activities (232,661) 228,754
Effect of exchange rate changes on cash 251 (2,065)
Net increase (decrease) in cash and cash equivalents 3,964 (2,994)
Cash and cash equivalents at beginning of the period 11,776 23,138
Cash and cash equivalents at end of the period 15,740 20,144
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 4,552 2,089
Acquisition of real estate in exchange for assumption of debt at fair value 4,109  
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 6,785 4,718
Receipt of 86,056 common shares in payment of shareholder loans   3,261
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 36,025 35,228
Cash paid during the period for income taxes $ 632 $ 520