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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net income (loss) $ 1,929 $ (13,937)
Depreciation 31,400 31,364
Amortization 2,991 2,450
Straight-line rent adjustments (618) (272)
Provision for doubtful accounts 918 1,259
Amortization of deferred compensation 1,573 1,803
Loss on Hedge Ineffectiveness 143 512
Gain on sale of non operating real estate (2,044) (43)
Equity in income of partnerships in excess of distributions (1,346) (748)
Impairment of assets and expensed project costs 631 6,332
Change in assets and liabilities:    
Net change in other assets 9,938 4,530
Net change in other liabilities (1,032) (6,332)
Net cash provided by operating activities 44,483 26,918
Cash flows from investing activities:    
Investments in consolidated real estate acquisitions 0 (319,986)
Additions to construction in progress (11,839) (3,211)
Investments in real estate improvements (5,921) (6,426)
Proceeds from Sale of Real Estate Held-for-investment 84,765  
Additions to leasehold improvements (141) (288)
Investments in partnerships (919) (7,708)
Capitalized leasing costs (1,737) (1,655)
Decrease in cash escrows 2,085 981
Cash distributions from partnerships in excess of equity in income 4,463 1,323
Net cash provided by (used in) investing activities 70,756 (336,970)
Cash flows from financing activities:    
Borrowings from term loans   120,000
Net borrowings from revolving facility 50,000 210,000
Proceeds from mortgage loans 9,000 5,844
Principal installments on mortgage loans (4,263) (4,742)
Repayments of mortgage loans (139,843)  
Payment of deferred financing costs (521) (130)
Dividends paid to common shareholders (14,584) (14,510)
Dividends paid to preferred shareholders (3,962) (3,962)
Distributions paid to Operating Partnership unit holders and non controlling interest (1,752) (446)
Value of shares of beneficial interest issued 324 337
Value of shares retired under equity incentive plans, net of shares issued (2,040) (5,292)
Net cash (used in) provided by financing activities (107,641) 307,099
Net change in cash and cash equivalents 7,598 $ (2,953)
Cash and cash equivalents, beginning of period 22,855  
Cash and cash equivalents, end of period $ 30,453