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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities      
Net income $ 118,253 $ 107,250 $ 79,928
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 160,710 155,211 171,474
Amortization of non-cash items within interest expense 1,039 739 1,698
Amortization of acquired above and below-market leases, net (5,721) (8,795) (19,353)
Amortization of acquired below-market ground leases 7,831 7,831 7,996
Straight-lining of rental revenue (26,544) (30,147) (21,220)
Equity based compensation 14,100 9,729 5,483
Settlement of derivative contracts (15,695) 0 0
Loss on early extinguishment of debt 2,157 552 1,749
Increase (decrease) in cash flows due to changes in operating assets and liabilities (excluding the effect of acquisitions):      
Restricted cash (2,843) 2,121 2,954
Tenant and other receivables (5,787) (3,760) 4,963
Deferred leasing costs (31,743) (22,622) (31,367)
Prepaid expenses and other assets (7,893) (3,289) (1,956)
Accounts payable and accrued expenses (25,104) 2,939 (2,674)
Deferred revenue and other liabilities 8,695 824 3,512
Net cash provided by operating activities 191,455 218,583 203,187
Cash Flows From Investing Activities      
Decrease (increase) in restricted cash for investing activities (1,592) 538 (119)
Additions to building and improvements (222,979) (181,923) (141,685)
Development costs (34) (453) (512)
Net cash used in investing activities (224,605) (181,838) (142,316)
Cash Flows From Financing Activities      
Proceeds from unsecured revolving credit facility 0 50,000 655,000
Repayments of unsecured revolving credit facility 0 (90,000) (615,000)
Proceeds from mortgage notes payable 315,000 50,000 0
Repayment of mortgage notes payable (346,615) (32,305) (146,918)
Proceeds from senior unsecured notes 115,000 0 350,000
Proceeds from unsecured term loan 0 0 265,000
Repayment of unsecured term loan (265,000) 0 0
Proceeds from unsecured revolving credit and term loan facility 265,000 0 0
Repayments of secured term loan and credit facility 0 0 (470,000)
Deferred financing costs (13,299) (3,006) (6,100)
Net proceeds from the sale of common stock 0 611,206 0
Private perpetual preferred unit distributions (936) (936) (936)
Dividends paid to common stockholders (66,789) (55,812) (39,183)
Distributions paid to noncontrolling interests in the operating partnership (59,238) (58,206) (51,781)
Net cash provided by (used in) financing activities (56,877) 470,941 (59,918)
Net increase (decrease) in cash and cash equivalents (90,027) 507,686 953
Cash and cash equivalents—beginning of period 554,371 46,685 45,732
Cash and cash equivalents—end of period 464,344 554,371 46,685
Supplemental disclosures of cash flow information:      
Cash paid for interest 66,911 69,062 64,808
Interest capitalized 459 0 0
Cash paid for income taxes 5,783 6,238 4,465
Non-cash investing and financing activities:      
Building and improvements included in accounts payable and accrued expenses 71,769 66,620 51,315
Derivative instruments at fair values included in prepaid expenses and other assets 0 614 0
Derivative instruments at fair values included in accounts payable and accrued expenses 436 5,591 1,922
Conversion of operating partnership units and Class B shares to Class A shares $ 23,435 $ 23,678 $ 62,003