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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net income (loss) $ 98,986 $ (89,725) $ (67,261)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Share-based compensation expense 41,272 51,551 66,051
Depreciation and amortization expense, including amortization of deferred financing costs 217,841 240,454 225,597
Deferred rent (23,602) (21,964) (20,084)
Loss from unconsolidated real estate ventures, net 17,429 2,070 20,336
Amortization of market lease intangibles, net (1,127) (1,189) (442)
Amortization of lease incentives 7,734 7,973 6,603
Loss on the extinguishment of debt 3,073   62
Impairment loss   25,144 10,232
Gain on the sale of real estate, net (161,894) (11,290) (59,477)
Loss on operating lease and other receivables 2,160 2,595 25,805
Income from investments, net (14,488) (3,620)  
Return on capital from unconsolidated real estate ventures 11,407 15,912 4,302
Other non-cash items (5,517) (922) 4,326
Changes in operating assets and liabilities:      
Tenant and other receivables (13,154) 8,812 (9,231)
Other assets, net (10,737) (12,780) (11,075)
Accounts payable and accrued expenses (1,282) 8,700 591
Other liabilities, net 9,936 (4,099) (27,314)
Net cash provided by operating activities 178,037 217,622 169,021
INVESTING ACTIVITIES:      
Development costs, construction in progress and real estate additions (326,741) (173,177) (307,497)
Acquisition of real estate (65,302) (208,342) (45,688)
Deposits for real estate and other acquisitions     (25,424)
Proceeds from the sale of real estate 928,908 14,370 154,493
Proceeds from the sale of investments 19,030    
Distributions of capital from unconsolidated real estate ventures 59,717 40,188 71,065
Investments in unconsolidated real estate ventures and other investments (91,591) (41,780) (14,639)
Net cash provided by (used in) investing activities 524,021 (368,741) (167,690)
FINANCING ACTIVITIES:      
Borrowings under mortgage loans 179,744 190,000 580,105
Borrowings under revolving credit facility 100,000 300,000 500,000
Borrowings under unsecured term loans 150,000   100,000
Repayments of mortgage loans (270,676) (5,611) (104,083)
Repayments of revolving credit facility (400,000)   (700,000)
Debt issuance and modification costs (5,137) (6,610) (14,856)
Redemption of partner's noncontrolling interest (9,531)    
Finance lease payments   (19,970) (3,531)
Proceeds from common shares issued pursuant to ESPP 1,458 1,594 1,715
Common shares repurchased (361,042) (157,686) (104,774)
Dividends paid to common shareholders (107,688) (118,115) (120,011)
Distributions to redeemable noncontrolling interests (16,409) (17,804) (15,030)
Distributions to noncontrolling interests (182) (46) (46)
Contributions from noncontrolling interests 9,383 24,126  
Net cash provided by (used in) financing activities (730,080) 189,878 119,489
Net (decrease) increase in cash and cash equivalents, and restricted cash (28,022) 38,759 120,820
Cash and cash equivalents, and restricted cash, beginning of period 302,095 263,336 142,516
Cash and cash equivalents, and restricted cash, end of period 274,073 302,095 263,336
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:      
Cash paid for interest (net of capitalized interest of $10,888, 6,734 and $13,189 in 2022, 2021 and 2020) 71,861 61,928 56,961
Accrued capital expenditures included in accounts payable and accrued expenses 73,612 43,290 43,188
Write-off of fully depreciated assets 19,794 61,123 30,798
Cash paid (received) for income taxes 1,205 815 (1,187)
Deconsolidation of real estate asset   26,476  
Accrued dividends to common shareholders 25,653 28,665 29,650
Accrued distributions to redeemable noncontrolling interests 3,968 3,938 4,425
Conversion of OP Units to common shares 16,704 29,634 47,517
Derecognition of operating lease right-of-use assets   (1,596) (13,151)
Derecognition of liabilities related to operating lease right-of-use assets   (1,587) (13,151)
(Derecognition) recognition of finance lease right-of-use assets (179,668) 139,507 42,354
(Derecognition) recognition of liabilities related to finance lease right-of-use assets (163,586) 141,574 40,684
Cash paid for amounts included in the measurement of lease liabilities for operating leases $ 1,906 $ 2,295 5,201
Deferred purchase price related to acquisition     $ 19,479