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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net Income $ 350,715 $ 276,831 $ 181,222
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 167,101 162,535 145,940
Amortization of debt deferred costs and intangibles, net 2,790 2,562 2,650
Impairment loss 15,257 98 153
Equity in earnings of real estate joint ventures and partnerships, net (27,074) (20,642) (19,300)
Gain on sale and acquisition of real estate joint venture and partnership interests 0 (48,322) (879)
Gain on sale of property (218,611) (100,714) (59,621)
Distributions of income from real estate joint ventures and partnerships 1,321 1,149 1,216
Changes in accrued rent and accounts receivable, net (18,964) (14,488) (8,884)
Changes in unamortized lease costs and other assets, net (13,299) (16,900) (14,617)
Changes in accounts payable, accrued expenses and other liabilities, net 4,970 8,963 5,971
Other, net 5,552 1,339 11,584
Net cash provided by operating activities 269,758 252,411 245,435
Cash Flows from Investing Activities:      
Acquisition of real estate and land (1,902) (500,421) (221,779)
Development and capital improvements (133,336) (101,179) (83,702)
Proceeds from sale of property and real estate equity investments 433,661 234,952 101,516
Real estate joint ventures and partnerships - Investments (37,173) (52,834) (30,053)
Real estate joint ventures and partnerships - Distributions of capital 28,791 51,714 35,341
Purchase of investments (5,730) (4,740) 0
Proceeds from investments 8,502 1,250 1,250
Other, net 6,179 5,086 295
Net cash provided by (used in) investing activities 298,992 (366,172) (197,132)
Cash Flows from Financing Activities:      
Proceeds from issuance of debt 0 249,999 448,083
Principal payments of debt (28,723) (144,788) (240,505)
Changes in unsecured credit facilities (245,000) 95,500 (39,500)
Proceeds from issuance of common shares of beneficial interest, net 1,588 137,460 42,572
Redemption of preferred shares of beneficial interest 0 0 (150,000)
Common and preferred dividends paid (294,073) (185,100) (174,628)
Debt issuance and extinguishment costs paid (488) (5,396) (9,878)
Distributions to noncontrolling interests (19,342) (9,563) (5,478)
Contributions from noncontrolling interests 0 0 1,318
Other, net (2,657) (8,314) 1,768
Net cash (used in) provided by financing activities (588,695) 129,798 (126,248)
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (19,945) 16,037 (77,945)
Cash, cash equivalents and restricted cash equivalents at January 1 41,279 25,242 103,187
Cash, cash equivalents and restricted cash equivalents at December 31 21,334 41,279 25,242
Interest paid during the period (net of amount capitalized of $4,868, $2,656 and $3,252, respectively) 79,161 79,515 79,580
Income taxes paid during the period $ 1,009 $ 958 $ 1,474