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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities      
Net income (loss) $ (13,037) $ (22,889) $ 84,290
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 201,806 191,006 181,588
Impairment charges 7,723 6,204 0
Amortization of non-cash items within interest expense 10,862 9,482 7,328
Amortization of acquired above and below-market leases, net (5,896) (3,627) (7,311)
Amortization of acquired below-market ground leases 7,831 7,831 7,831
Straight-lining of rental revenue (21,078) (5,238) (20,057)
Equity based compensation 20,260 25,495 20,857
Settlement of derivative contract 0 (20,281) (11,802)
Loss on early extinguishment of debt 214 86 0
Increase (decrease) in cash flows due to changes in operating assets and liabilities:      
Security deposits (1,052) (151) (27,243)
Tenant and other receivables 2,894 3,881 4,015
Deferred leasing costs (16,090) (14,464) (30,895)
Prepaid expenses and other assets 5,814 (11,730) (3,643)
Accounts payable and accrued expenses (99) (3,305) 427
Deferred revenue and other liabilities 12,334 19,993 27,206
Net cash provided by operating activities 212,486 182,293 232,591
Cash Flows From Investing Activities      
Short-term investments 0 0 400,000
Additions to building and improvements (95,037) (143,118) (250,256)
Development costs (165) 0 0
Acquisition of real estate property (117,540) 0 0
Net cash (used in) provided by investing activities (212,742) (143,118) 149,744
Cash Flows From Financing Activities      
Proceeds from mortgage notes payable 0 180,000 0
Repayment of mortgage notes payable (4,091) (3,938) (3,790)
Proceeds from unsecured senior notes 0 175,000 0
Repayment of unsecured senior notes 0 0 (250,000)
Proceeds from unsecured term loan 0 175,000 0
Repayment of unsecured term loan 0 (50,000) 0
Proceeds from unsecured revolving credit facility 0 550,000 0
Repayment of unsecured revolving credit facility 0 (550,000) 0
Deferred financing costs (9,486) (10,135) 0
Repurchases of common shares (46,704) (143,713) 0
Private perpetual preferred unit distributions (4,201) (4,197) (1,743)
Dividends paid to common stockholders (18,110) (37,181) (75,192)
Distributions paid to noncontrolling interests in the operating partnership (10,453) (23,669) (50,826)
Net cash provided by (used in) financing activities (93,045) 257,167 (381,551)
Net increase (decrease) in cash and cash equivalents and restricted cash (93,301) 296,342 784
Cash and cash equivalents and restricted cash—beginning of period 567,939 271,597 270,813
Cash and cash equivalents and restricted cash—end of period 474,638 567,939 271,597
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 526,714 233,946 204,981
Restricted cash at beginning of period 41,225 37,651 65,832
Cash and cash equivalents and restricted cash—end of period 423,695 526,714 233,946
Restricted cash at end of period 50,943 41,225 37,651
Cash and cash equivalents and restricted cash 474,638 567,939 271,597
Supplemental disclosures of cash flow information:      
Cash paid for interest 77,610 75,416 76,333
Interest capitalized 0 0 1,433
Cash paid for income taxes 644 1,282 1,766
Non-cash investing and financing activities:      
Building and improvements included in accounts payable and accrued expenses 49,247 58,057 90,910
Write-off of fully depreciated assets 31,341 79,527 30,977
Derivative instruments at fair values included in accounts payable and accrued expenses 25,308 8,849 13,330
Conversion of operating partnership units and Class B shares to Class A shares 10,426 29,863 27,495
Issuance of Series 2019 private perpetual preferred in exchange for common units 0 789 21,147
Right of use assets 0 0 29,452
Ground lease liabilities 0 0 29,452
Debt assumed with the acquisition of real estate properties 177,453 0 0
Contribution from other partnerships $ 13,269 $ 0 $ 0