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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 44,640 $ 89,936 $ 53,715
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 43,071 38,769 33,683
Amortization of financing costs 3,082 3,569 3,918
Gain on sale of property (18,802) (71,203) (46,830)
Loss (gain) on debt extinguishment 1,565 2,739 (1,268)
Gain on involuntary conversion of asset 0 (2,368) 0
Reserve for notes receivable 0 405 0
Impairment of asset 8,183 0 6,925
Amortization of discount on convertible debt 0 0 829
Share compensation expense 7,667 3,350 3,682
Equity in earnings of unconsolidated affiliates (12,382) (1,579) (1,555)
Distributions of operating income from unconsolidated affiliates 9,829 3,733 5,515
Other, net (4,771) 278 (62)
Changes in assets and liabilities      
Cash in escrow 218 2,035 7,319
Rents receivable, net 997 (6,757) (8,894)
Prepaid expenses and other assets (22,524) 1,033 (4,872)
Accounts payable and accrued expenses 5,586 (5,648) 14,513
Other liabilities (1,126) 709 (903)
Net cash provided by operating activities 65,233 59,001 65,715
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (220,041) (241,894) (116,408)
Redevelopment and property improvement costs (106,883) (88,787) (65,090)
Deferred leasing costs (4,617) (7,275) (6,298)
Insurance proceeds from involuntary conversion of asset 0 3,672 0
Investments in and advances to unconsolidated affiliates (56,171) (160,888) (54,981)
Return of capital from unconsolidated affiliates 108,899 22,296 4,504
Consolidation of previously unconsolidated investment (1,864) 0 0
Proceeds from notes receivable 29,583 25,388 56,519
Issuance of notes receivable (45,050) (108,629) (34,343)
Proceeds from sale of properties 204,537 419,372 62,940
Net cash used in investing activities (87,879) (136,745) (153,157)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (437,257) (549,095) (161,389)
Proceeds received on mortgage and other notes 572,443 433,815 144,959
Loan proceeds held as restricted cash (109,795) 0 0
Purchase of convertible notes payable (550) 0 (48,997)
Deferred financing and other costs (11,741) (6,772) (2,877)
Capital contributions from noncontrolling interests 49,324 172,228 117,945
Distributions to noncontrolling interests (88,975) (161,765) (8,605)
Dividends paid to Common Shareholders (44,115) (32,143) (29,033)
Proceeds from issuance of Common Shares, net of issuance costs of $1,645, $3,054, and $206 respectively 80,688 223,477 44,659
Net cash provided by financing activities 10,022 79,745 56,662
(Decrease) increase in cash and cash equivalents (12,624) 2,001 (30,780)
Cash and cash equivalents, beginning of period 91,813 89,812 120,592
Cash and cash equivalents, end of period 79,189 91,813 89,812
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $9,193, $5,955, and $4,850, respectively 41,543 32,327 32,120
Cash paid for income taxes 301 941 3,776
Supplemental disclosure of non-cash investing activities      
Acquisition of real estate through assumption of debt 0 63,766 0
Acquisition of real estate through issuance of OP Units 33,300 2,279 0
Acquisition of real estate through conversion of notes receivable 18,500 14,000 0
Consolidation of previously unconsolidated investment      
Real estate, net (118,484) 0 0
Mortgage notes payable 166,200 0 0
Distributions in excess of income from, and investments in, unconsolidated affiliates (10,298) 0 0
Other assets and liabilities (1,605) 0 0
Noncontrolling interest $ (33,949) $ 0 $ 0