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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities      
Net income $ 117,253 $ 118,253 $ 107,250
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 168,508 160,710 155,211
Amortization of non-cash items within interest expense 7,215 1,039 739
Amortization of acquired above and below-market leases, net (6,120) (5,721) (8,795)
Amortization of acquired below-market ground leases 7,831 7,831 7,831
Straight-lining of rental revenue (22,107) (26,544) (30,147)
Equity based compensation 18,785 14,100 9,729
Settlement of derivative contracts 0 (15,695) 0
Loss on early extinguishment of debt 0 2,157 552
Increase (decrease) in cash flows due to changes in operating assets and liabilities:      
Security deposits 10,717 (97) (1,707)
Tenant and other receivables (1,275) (5,787) (3,760)
Deferred leasing costs (26,899) (31,743) (22,622)
Prepaid expenses and other assets (781) (7,893) (3,289)
Accounts payable and accrued expenses 1,993 (25,103) 2,939
Deferred revenue and other liabilities 3,902 8,695 824
Net cash provided by operating activities 279,022 194,202 214,755
Cash Flows From Investing Activities      
Short-term investments (400,000) 0 0
Additions to building and improvements (243,022) (222,979) (181,923)
Development costs (1) (34) (453)
Net cash used in investing activities (643,023) (223,013) (182,376)
Cash Flows From Financing Activities      
Proceeds from unsecured revolving credit facility 0 0 50,000
Repayments of unsecured revolving credit facility 0 0 (90,000)
Proceeds from mortgage notes payable 160,000 315,000 50,000
Repayment of mortgage notes payable (266,613) (346,615) (32,305)
Proceeds from senior unsecured notes 335,000 115,000 0
Repayment of unsecured term loan 0 (265,000) 0
Proceeds from unsecured revolving credit and term loan facility 0 265,000 0
Deferred financing costs (1,980) (13,299) (3,006)
Net proceeds from the sale of common stock 4,749 0 611,206
Private perpetual preferred unit distributions (936) (936) (936)
Dividends paid to common stockholders (70,854) (66,789) (55,812)
Distributions paid to noncontrolling interests in the operating partnership (54,749) (59,238) (58,206)
Net cash provided by (used in) financing activities 104,617 (56,877) 470,941
Net (decrease) in cash and cash equivalents and restricted cash (259,384) (85,688) 503,320
Cash and cash equivalents and restricted cash—beginning of period 530,197 615,885 112,565
Cash and cash equivalents and restricted cash—end of period 270,813 530,197 615,885
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 464,344 554,371 46,685
Restricted cash at beginning of period 65,853 61,514 65,880
Cash and cash equivalents and restricted cash—end of period 204,981 464,344 554,371
Restricted cash at end of period 65,832 65,853 61,514
Cash and cash equivalents and restricted cash 530,197 615,885 112,565
Supplemental disclosures of cash flow information:      
Cash paid for interest 74,160 66,911 69,062
Interest capitalized 1,596 459 0
Cash paid for income taxes 4,847 5,783 6,238
Non-cash investing and financing activities:      
Building and improvements included in accounts payable and accrued expenses 85,242 71,769 66,620
Write-off of fully depreciated assets 39,665 19,136 15,381
Conversion of operating partnership units and Class B shares to Class A shares $ 70,779 $ 23,435 $ 23,678