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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Document Fiscal Year Focus 2015  
Cash flows from investing activities:    
Payments for Deposits on Real Estate Acquisitions $ (2,300)  
Cash flows from financing activities:    
Net proceeds from common stock issuance 1,173 $ 49,995
Parent Company [Member]    
Proceeds from Issuance of Unsecured Debt 248,160 248,705
Cash flows from operating activities:    
Net income 129,004 109,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 109,249 110,355
Amortization of deferred loan cost and debt premium 7,404 8,095
Amortization and (accretion) of above and below market lease intangibles, net (1,250) (2,315)
Stock-based compensation, net of capitalization 8,379 6,885
Equity in income of investments in real estate partnerships (17,991) (22,353)
Gain on sale of real estate (34,215) (29,598)
Provision for impairment 0 (225)
Early extinguishment of debt 61 0
Distribution of earnings from operations of investments in real estate partnerships (34,527) (30,008)
Loss on settlement of derivative instruments 7,267 (4,648)
Gain on derivative instruments 0 (13)
Deferred compensation expense (610) 610
Realized and unrealized loss (gain) on investments 189 (612)
Changes in assets and liabilities:    
Restricted cash 1,534 497
Accounts receivable (4,408) (2,801)
Straight-line rent receivables, net (6,274) (4,724)
Deferred leasing costs (8,268) (6,416)
Other assets (2,257) 131
Accounts payable and other liabilities 10,230 15,018
Tenants’ security, escrow deposits and prepaid rent (1,152) 511
Net cash provided by operating activities 216,763 217,810
Cash flows from investing activities:    
Acquisition of operating real estate (42,983) (98,018)
Payments for Deposits on Real Estate Acquisitions (2,250) 0
Real estate development and capital improvements (150,967) (160,552)
Proceeds from sale of real estate investments 93,727 62,788
Collection of notes receivable 1,000 0
Investments in real estate partnerships (18,644) (6,012)
Distributions received from investments in real estate partnerships 15,014 29,916
Dividends on investments 128 100
Acquisition of securities (25,675) (19,866)
Proceeds from sale of securities 22,296 5,344
Net cash used in investing activities (108,354) (186,300)
Cash flows from financing activities:    
Net proceeds from common stock issuance 946 49,300
Proceeds from sale of treasury stock 51 0
Redemption of preferred stock and partnership units 0 (300)
Distributions to limited partners in consolidated partnerships, net (2,352) (4,619)
Distributions to exchangeable operating partnership unit holders (223) (228)
Dividends paid to common stockholders (136,008) (129,044)
Dividends paid to preferred stockholders (15,797) (15,797)
Proceeds from unsecured credit facilities 445,000 255,000
Repayment of unsecured credit facilities (305,000) (255,000)
Proceeds from notes payable 3,325 12,025
Repayments of Notes Payable 76,027 13,487
Scheduled principal payments (4,384) (5,068)
Payment of loan costs (5,996) (2,973)
Net cash used in financing activities (198,305) (11,486)
Repayments of Unsecured Debt 350,000 150,000
Net (decrease) increase in cash and cash equivalents (89,896) 20,024
Cash and cash equivalents at beginning of the period 113,776 80,684
Cash and cash equivalents at end of the period 23,880 100,708
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $5,403 and $5,158 in 2015 and 2014, respectively) 71,734 72,573
Income Taxes Paid 871 94
Supplemental disclosure of non-cash transactions:    
Mortgage loans assumed for the acquisition of real estate 42,799 78,049
Change in fair value of derivative instruments (10,845) (28,144)
Common stock issued for dividend reinvestment plan 966 895
Stock-based compensation capitalized 2,196 2,026
Contributions from limited partners in consolidated partnerships, net 13 116
Non-controlling interest recorded, fair value 0 15,385
Common stock issued for dividend reinvestment in trust 631 581
Contribution of stock awards into trust 1,633 1,865
Distribution of stock held in trust 1,898 4
Unrealized Gain (Loss) on Securities (73) 4,809
Partnership Interest [Member]    
Proceeds from Issuance of Unsecured Debt 248,160 248,705
Cash flows from operating activities:    
Net income 129,004 109,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 109,249 110,355
Amortization of deferred loan cost and debt premium 7,404 8,095
Amortization and (accretion) of above and below market lease intangibles, net (1,250) (2,315)
Stock-based compensation, net of capitalization 8,379 6,885
Equity in income of investments in real estate partnerships (17,991) (22,353)
Gain on sale of real estate (34,215) (29,598)
Provision for impairment 0 (225)
Early extinguishment of debt 61 0
Distribution of earnings from operations of investments in real estate partnerships (34,527) (30,008)
Loss on settlement of derivative instruments 7,267 (4,648)
Gain on derivative instruments 0 (13)
Deferred compensation expense (610) 610
Realized and unrealized loss (gain) on investments 189 (612)
Changes in assets and liabilities:    
Restricted cash 1,534 497
Accounts receivable (4,408) (2,801)
Straight-line rent receivables, net (6,274) (4,724)
Deferred leasing costs (8,268) (6,416)
Other assets (2,257) 131
Accounts payable and other liabilities 10,230 15,018
Tenants’ security, escrow deposits and prepaid rent (1,152) 511
Net cash provided by operating activities 216,763 217,810
Cash flows from investing activities:    
Acquisition of operating real estate (42,983) (98,018)
Payments for Deposits on Real Estate Acquisitions (2,250) 0
Real estate development and capital improvements (150,967) (160,552)
Proceeds from sale of real estate investments 93,727 62,788
Collection of notes receivable 1,000 0
Investments in real estate partnerships (18,644) (6,012)
Distributions received from investments in real estate partnerships 15,014 29,916
Dividends on investments 128 100
Acquisition of securities (25,675) (19,866)
Proceeds from sale of securities 22,296 5,344
Net cash used in investing activities (108,354) (186,300)
Cash flows from financing activities:    
Net proceeds from common units issued as a result of common stock issued by Parent Company 946 49,300
Proceeds from sale of treasury stock 51 0
Redemption of preferred stock and partnership units 0 (300)
Distributions to limited partners in consolidated partnerships, net (2,352) (4,619)
Dividends paid to common stockholders (136,231) (129,272)
Dividends paid to preferred stockholders (15,797) (15,797)
Proceeds from unsecured credit facilities 445,000 255,000
Repayment of unsecured credit facilities (305,000) (255,000)
Proceeds from notes payable 3,325 12,025
Repayments of Notes Payable 76,027 13,487
Scheduled principal payments (4,384) (5,068)
Payment of loan costs (5,996) (2,973)
Net cash used in financing activities (198,305) (11,486)
Repayments of Unsecured Debt 350,000 150,000
Net (decrease) increase in cash and cash equivalents (89,896) 20,024
Cash and cash equivalents at beginning of the period 113,776 80,684
Cash and cash equivalents at end of the period 23,880 100,708
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $5,403 and $5,158 in 2015 and 2014, respectively) 71,734 72,573
Income Taxes Paid 871 94
Supplemental disclosure of non-cash transactions:    
Mortgage loans assumed for the acquisition of real estate 42,799 78,049
Change in fair value of derivative instruments (10,845) (28,144)
Common stock issued for dividend reinvestment plan 966 895
Stock-based compensation capitalized 2,196 2,026
Contributions from limited partners in consolidated partnerships, net 13 116
Non-controlling interest recorded, fair value 0 15,385
Common stock issued for dividend reinvestment in trust 631 581
Contribution of stock awards into trust 1,633 1,865
Distribution of stock held in trust 1,898 4
Unrealized Gain (Loss) on Securities $ (73) $ 4,809