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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 160,410 $ 142,458
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 72,646 75,863
Tenant improvement reimbursement amortization, net of lease incentive amortization (493) (788)
Gain on sale of real estate facilities (27,273)  
Stock compensation expense 4,391 3,991
Amortization of financing costs 410 410
Other, net 1,466 (1,071)
Total adjustments 51,147 78,405
Net cash provided by operating activities 211,557 220,863
Cash flows from investing activities    
Capital expenditures to real estate facilities (23,189) (26,272)
Capital expenditures to land and building held for development (10,602) (2,873)
Acquisition of real estate facilities (13,423) (117,691)
Proceeds from sale of real estate facilities 40,674  
Net cash used in investing activities (6,540) (146,836)
Cash flows from financing activities    
Borrowings on credit facility   70,000
Repayment of borrowings on credit facility   (20,000)
Payment of financing costs (255) (237)
Proceeds from the exercise of stock options 259 709
Cash paid for taxes in lieu of shares upon vesting of restricted stock units (4,102) (6,120)
Cash paid to restricted stock unit holders (469) (699)
Capital contribution to joint venture 438  
Distributions paid to preferred shareholders (36,139) (38,877)
Distributions paid to common shareholders (86,533) (86,343)
Distributions paid to noncontrolling interests-common units (23,012) (23,012)
Distributions paid to noncontrolling interests-joint venture (109) (78)
Net cash used in financing activities (149,922) (104,657)
Net increase (decrease) in cash and cash equivalents 55,095 (30,630)
Cash, cash equivalents and restricted cash at the beginning of the period 63,874 38,467
Cash, cash equivalents and restricted cash at the end of the period $ 118,969 7,837
Adjustment to noncontrolling interests-common units in the OP    
Noncontrolling interests-common units   (748)
Paid-in capital   $ 748