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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income $ 62,931 $ 58,070
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58,110 51,379
Gain on sale of real estate, net 3,316 178
Loss from real estate partnerships 525 0
Other, net 1,737 (1,739)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 2,322 4,390
Decrease in prepaid expenses and other assets 4,088 3,602
(Decrease) increase in accounts payable and accrued expenses (5,380) 4,136
Increase in security deposits and other liabilities 3,163 4,273
Net cash provided by operating activities 124,180 123,933
INVESTING ACTIVITIES    
Acquisition of real estate 0 (141,222)
Capital expenditures - development and redevelopment (69,119) (119,084)
Capital expenditures - other (20,194) (16,366)
Proceeds from sale of real estate and real estate partnership interests 51,459 622
Investment in real estate partnerships (180) (118)
Distribution from real estate partnership in excess of earnings 93 0
Leasing costs (8,057) (3,113)
(Issuance) repayment of mortgage and other notes receivable, net (180) 5
Net cash used in investing activities (46,178) (279,276)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs 62,000 217,000
Repayment of mortgages and capital leases (11,978) (1,567)
Issuance of common shares, net of costs 1,336 17,359
Dividends paid to common and preferred shareholders (74,925) (70,117)
Shares withheld for employee taxes (753) (4,061)
Contributions from noncontrolling interests 69 135
Distributions to and redemptions of noncontrolling interests (5,251) (4,795)
Net cash (used in) provided by financing activities (29,502) 153,954
Increase (decrease) in cash, cash equivalents and restricted cash 48,500 (1,389)
Cash, cash equivalents, and restricted cash at beginning of year 25,200 34,849
Cash, cash equivalents, and restricted cash at end of period $ 73,700 $ 33,460