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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,793 $ 13,999
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 21,604 19,288
Amortization of financing costs 1,512 1,502
Gain on sale of property (4,191) (2,668)
Impairment of asset 1,500 0
Share compensation expense 2,786 1,958
Equity in earnings of unconsolidated affiliates (3,065) (4,535)
Distributions of operating income from unconsolidated affiliates 2,454 5,559
Other, net (2,703) 425
Changes in assets and liabilities    
Cash in escrow (1,767) 1,279
Rents receivable, net (2,131) (2,546)
Prepaid expenses and other assets (11,298) (2,860)
Accounts payable and accrued expenses (1,292) 692
Other liabilities 658 1,018
Net cash provided by operating activities 24,860 33,111
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (109,100) (111,115)
Redevelopment and property improvement costs (43,567) (41,705)
Deferred leasing costs (3,099) (2,591)
Investments in and advances to unconsolidated affiliates (51,231) (3,458)
Return of capital from unconsolidated affiliates 86,678 11,686
Consolidation of previously unconsolidated investment 1,864 0
Proceeds from notes receivable 5,529 2,004
Issuance of notes receivable 0 (34,500)
Proceeds from sale of property 11,816 12,060
Net cash used in investing activities (101,110) (167,619)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (136,907) (72,477)
Proceeds received from mortgage notes 333,760 79,628
Loan proceeds held as restricted cash (153,022) 0
Increase in deferred financing and other costs (11,229) (3,586)
Capital contributions from noncontrolling interests 15,567 108,081
Distributions to noncontrolling interests (19,080) (45,752)
Dividends paid to Common Shareholders (20,827) (15,473)
Proceeds from issuance of Common Shares, net of issuance costs of $1,324 and $338, respectively 75,871 60,717
Other employee and trustee stock compensation, net 326 21
Net cash provided by financing activities 84,459 111,159
Increase (decrease) in cash and cash equivalents 8,209 (23,349)
Cash and cash equivalents, beginning of period 91,813 89,812
Cash and cash equivalents, end of period 100,022 66,463
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $3,944 and $1,907, respectively 16,668 15,709
Cash paid for income taxes 137 508
Supplemental disclosure of non-cash investing activities:    
Acquisition of real estate through assumption of debt 0 59,335
Acquisition of real estate through issuance of OP Units 0 2,279
Acquisition of real estate through conversion of notes receivable 18,500 4,000
Consolidation of previously unconsolidated investment    
Real estate, net (118,484) 0
Mortgage notes payable 166,200 0
Distributions in excess of income from, and investments in, unconsolidated affiliates (10,298) 0
Other assets and liabilities (1,605) 0
Noncontrolling interest (33,949) 0
Cash included in consolidation of previously unconsolidated investment $ 1,864 $ 0