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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 12,174 $ (33,863)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 125,714 129,931
Straight-lining of rental revenue (22,110) (29,983)
Amortization of stock-based compensation expense 12,685 10,915
Amortization of above and below-market leases, net (6,003) (8,724)
Amortization of deferred financing costs 5,626 5,515
Receipt of accrued interest on preferred equity investment 2,339  
Realized and unrealized (gains) losses on marketable securities (2,474) 1
Distributions of earnings from unconsolidated joint ventures 1,980 1,170
Loss (income) from unconsolidated joint ventures 1,483 (2,459)
Distributions of earnings from unconsolidated real estate funds 1,137 135
(Income) loss from unconsolidated real estate funds (65) 80
Real estate impairment loss   46,000
Other non-cash adjustments (339) 40
Changes in operating assets and liabilities:    
Accounts and other receivables 381 1,533
Deferred charges (8,466) (13,734)
Other assets (6,294) (1,910)
Accounts payable and accrued expenses (12,293) 1,297
Other liabilities 1,338 567
Net cash provided by operating activities 106,813 106,511
Cash Flows from Investing Activities:    
Due from affiliates (181,000)  
Repayment of amounts due from affiliates 11,000  
Investments in and contributions of capital to unconsolidated joint ventures (52,525) (17,137)
Additions to real estate (50,766) (51,610)
Redemption of preferred equity investment 33,750  
Real estate acquisition deposits (20,000)  
Sales of marketable securities 10,407 15,253
Purchases of marketable securities (8,867) (12,140)
Distributions of capital from unconsolidated real estate funds 1,260  
Contributions of capital to unconsolidated real estate funds (243) (2,254)
Escrow deposits and loans receivable for Residential Development Fund   (15,680)
Distributions of capital from unconsolidated joint ventures   2,608
Net cash used in investing activities (256,984) (80,960)
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 170,000  
Dividends paid to common stockholders (46,804) (46,892)
Distributions paid to common unitholders (5,047) (4,945)
Distributions to noncontrolling interests (34,919) (4,118)
Contributions from noncontrolling interests 14,966 36,128
Repurchases of common shares (6,488)  
Repurchase of shares related to stock compensation agreements and related tax withholdings (307) (213)
Debt issuance costs (260) (6,351)
Proceeds from notes and mortgages payable   16,700
Net cash provided by (used in) financing activities 91,141 (9,691)
Net (decrease) increase in cash and cash equivalents and restricted cash (59,030) 15,860
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425
Cash and cash equivalents and restricted cash at end of period 306,379 266,285
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 339,653 219,381
Restricted cash at beginning of period 25,756 31,044
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425
Cash and cash equivalents at end of period 283,485 233,530
Restricted cash at end of period 22,894 32,755
Cash and cash equivalents and restricted cash at end of period 306,379 266,285
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 69,401 67,367
Cash payments for income taxes, net of refunds 2,053 1,699
Non-Cash Transactions:    
Dividends and distributions declared but not yet paid 25,953 26,621
Change in value of interest rate swaps 24,371 20,346
Common shares issued upon redemption of common units 23,990 469
Additions to real estate included in accounts payable and accrued expenses 18,370 10,400
Write-off of fully amortized and/or depreciated assets $ 3,387 2,947
Basis adjustment to investment in unconsolidated joint ventures upon adoption of ASU 2017-05   $ 7,086