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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 79,828 $ 9,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 95,188 86,588
Other amortization 2,510 1,547
Share-based compensation 5,004 5,011
Amortization of straight-line rent receivable (lessor) (1,807) (1,063)
Amortization of straight-line rent on operating leases (lessee) 749 776
Gain on sales of real estate assets (68,218) (4,865)
Impairment of real estate assets   5,610
Loss from unconsolidated joint ventures 127 3
Distributions from unconsolidated joint ventures 184 277
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (1,272) (2,015)
Accounts payable and accrued liabilities (5,902) (8,621)
Other liabilities (1,152) (1,943)
Net cash provided by operating activities 105,239 90,680
INVESTING ACTIVITIES    
Acquisitions of real estate (87,417) (193,295)
Development of real estate (2,678) (13,006)
Additional long-lived assets (44,316) (30,892)
Proceeds from sales of real estate assets   12,118
Net cash used in investing activities (134,411) (225,075)
FINANCING ACTIVITIES    
Net (repayments) borrowings on unsecured credit facility (293,000) 58,000
Borrowings on term loan 150,000 50,000
Borrowings of notes and bonds payable 298,995  
Repayments on notes and bonds payable (31,698) (11,483)
Dividends paid (80,926) (76,386)
Net proceeds from issuance of common stock 40,169 120,668
Common stock redemptions (892) (2,442)
Settlement of treasury rate locks (4,267)  
Debt issuance and assumption costs (3,018) (4,584)
Payments made on finance leases (3,168) (142)
Net cash provided by financing activities 72,195 133,631
Increase (decrease) in cash and cash equivalents 43,023 (764)
Cash and cash equivalents at beginning of period 657 8,381
Cash and cash equivalents at end of period 43,680 7,617
Supplemental Cash Flow Information    
Interest paid 26,101 26,512
Invoices accrued for construction, tenant improvements and other capitalized costs 10,013 10,853
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 19,269  
Capitalized interest $ 706 $ 651