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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 128,464 $ 136,203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116,491 104,045
Gain on sale of real estate, net (7,288) (19,174)
Loss from real estate partnerships 1,253 114
Other, net 2,825 (1,761)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Proceeds from new market tax credit transaction, net of deferred costs 12,353 0
(Increase) decrease in accounts receivable, net (3,805) 3,467
Decrease in prepaid expenses and other assets 10,077 9,928
(Decrease) increase in accounts payable and accrued expenses (1,286) 1,065
Increase in security deposits and other liabilities 4,027 4,773
Net cash provided by operating activities 263,111 238,660
INVESTING ACTIVITIES    
Acquisition of real estate (1,736) (165,065)
Capital expenditures - development and redevelopment (150,119) (229,198)
Capital expenditures - other (35,654) (33,622)
Proceeds from sale of real estate and real estate partnership interests 121,391 46,731
Investment in real estate partnerships (120) (430)
Distribution from real estate partnership in excess of earnings 205 1,672
Leasing costs (12,339) (6,273)
(Issuance) repayment of mortgage and other notes receivable, net (323) (514)
Net cash used in investing activities (78,695) (386,699)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs 48,000 0
Issuance of senior notes, net of costs 0 399,410
Repayment of mortgages and capital leases (13,408) (53,924)
Issuance of common shares, net of costs 22,492 17,390
Dividends paid to common and preferred shareholders (149,603) (140,447)
Shares withheld for employee taxes (777) (4,077)
Contributions from noncontrolling interests 1,728 13,068
Distributions to and redemptions of noncontrolling interests (9,086) (10,312)
Net cash (used in) provided by financing activities (100,654) 221,108
Increase (decrease) in cash, cash equivalents and restricted cash 83,762 73,069
Cash, cash equivalents, and restricted cash at beginning of year 25,200 34,849
Cash, cash equivalents, and restricted cash at end of period $ 108,962 $ 107,918