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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities:    
Net income $ 98,156 $ 288,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amortization of deferred financing costs) 153,869 148,918
Impairment losses 20,842 1,514
Net unrealized gain on Real Estate Fund investments (14,169) (13,516)
Straight-lining of rental income (13,236) (18,868)
Distributions of income from partially owned entities 12,966 10,627
Amortization of below-market leases, net (12,144) (16,815)
Other non-cash adjustments 11,885 18,569
Net (gain) loss on disposition of wholly owned and partially owned assets (9,635) 36,724
Equity in net income of partially owned entities, including Toys R Us (1,979) (22,525)
Net gains on sale of real estate 0 (202,329)
Return of capital from Real Estate Fund investments 0 56,664
Non-cash impairment loss on J.C. Penney common shares 0 39,487
Loss from the mark-to-market of J.C. Penney derivative position 0 22,540
Changes in operating assets and liabilities:    
Real Estate Fund investments (123) (13,668)
Accounts receivable, net (7,624) 51,514
Prepaid assets 53,841 67,814
Other assets (18,297) (15,326)
Accounts payable and accrued expenses 31,554 (21,908)
Other liabilities 3,225 (3,416)
Net cash provided by operating activities 309,131 414,927
Cash Flows from Investing Activities:    
Proceeds from sales of real estate and related investments 120,270 499,369
Development costs and construction in progress (90,653) (35,334)
Proceeds from repayments of mortgage and mezzanine loans receivable and other 69,347 631
Additions to real estate (53,103) (57,460)
Restricted cash 52,256 14,149
Investments in partially owned entities (16,633) (39,892)
Distributions of capital from partially owned entities 1,277 5,544
Funding of J.C. Penney derivative collateral 0 (58,522)
Proceeds from sales of marketable securities 0 160,300
Return of J.C. Penney derivative collateral 0 38,900
Net cash provided by investing activities 82,761 527,685
Cash Flows from Financing Activities:    
Proceeds from borrowings 600,000 1,499,375
Repayments of borrowings (233,198) (2,529,836)
Dividends paid on common shares (136,761) (136,342)
Debt issuance and other costs (20,752) (9,080)
Dividends paid on preferred shares (20,368) (23,161)
Distributions to noncontrolling interests (10,474) (172,142)
Proceeds received from exercise of employee share options 3,676 1,609
Repurchase of shares related to stock compensation agreements and/or related tax withholdings (578) (307)
Proceeds from the issuance of preferred shares 0 290,710
Purchases of outstanding preferred units and shares 0 (262,500)
Contributions from noncontrolling interests 0 24,566
Net cash provided by (used in) financing activities 181,545 (1,317,108)
Net increase (decrease) in cash and cash equivalents 573,437 (374,496)
Cash and cash equivalents at beginning of period 583,290 960,319
Cash and cash equivalents at end of period 1,156,727 585,823
Supplemental Disclosure Of Cash Flow Information:    
Cash payments for interest, excluding capitalized interest of $13,622 and $8,260 100,209 116,141
Cash payments for income taxes 1,214 1,825
Non-cash Investing and Financing Activities:    
Elimination of a mortgage and mezzanine loan asset and liability 59,375 0
Toys R Us [Member]
   
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in net income of partially owned entities, including Toys R Us (1,847) (1,759)
All Equity Method Investees Excluding Toys [Member]
   
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in net income of partially owned entities, including Toys R Us $ (132) $ (20,766)