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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from investing activities:    
Proceeds from sale of real estate investments $ 38,705 $ 26,382
Parent Company [Member]    
Cash flows from operating activities:    
Net income 94,221 69,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,015 72,218
Amortization of deferred loan cost and debt premium 4,831 5,058
(Accretion) and amortization of above and below market lease intangibles, net (1,176) (936)
Share-based Compensation 5,189 5,620
Stock-based compensation, net of capitalization 1,723 1,493
Equity in income of investments in real estate partnerships (23,971) (12,324)
Gain on sale of real estate (13,417) (6,460)
Provision for impairment (1,666) 0
Early extinguishment of debt 0 61
Distribution of earnings from operations of investments in real estate partnerships (26,159) (22,719)
Deferred compensation expense 429 581
Realized and unrealized loss (gain) on investments (446) (1,000)
Increase (Decrease) in Restricted Cash for Operating Activities 31 (1,587)
Changes in assets and liabilities:    
Accounts receivable, net (6,841) (5,895)
Straight-line rent receivables, net (3,071) (3,552)
Deferred leasing costs (5,386) (5,470)
Other assets (1,718) (3,209)
Accounts payable and other liabilities (9,447) (12,004)
Tenants’ security, escrow deposits and prepaid rent (2,693) 1,270
Net cash provided by operating activities 143,313 127,413
Cash flows from investing activities:    
Acquisition of operating real estate (297,448) 0
Payments for Deposits on Real Estate Acquisitions (1,500) (4,500)
Real estate development and capital improvements (75,320) (109,118)
Proceeds from sale of real estate investments 36,751 26,567
Investments in real estate partnerships (3,823) (1,344)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 25,746 15,014
Dividends on investment securities 137 87
Acquisition of securities (46,306) (20,581)
Proceeds from sale of securities 45,739 17,169
Net cash used in investing activities (316,024) (76,706)
Cash flows from financing activities:    
Net proceeds from common stock issuance 149,788 955
Proceeds from sale of treasury stock 904 0
Distributions to limited partners in consolidated partnerships, net (2,214) (1,722)
Distributions to exchangeable operating partnership unit holders (154) (151)
Dividends paid to common stockholders (97,061) (90,625)
Dividends paid to preferred stockholders (10,531) (10,531)
Proceeds from unsecured credit facilities 295,000 85,000
Repayment of unsecured credit facilities (150,000) (40,000)
Proceeds from notes payable 20,000 2,399
Repayments of Notes Payable (41,584) (76,027)
Scheduled principal payments (3,062) (2,921)
Payment of loan costs (292) (3,746)
Net cash provided by (used in) financing activities 160,794 (137,369)
Net decrease in cash and cash equivalents (11,917) (86,662)
Cash and cash equivalents at beginning of the period 36,856 113,776
Cash and cash equivalents at end of the period 24,939 27,114
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $1,766 and $4,015 in 2016 and 2015, respectively) 44,153 53,458
Income Taxes Paid 0 697
Supplemental disclosure of non-cash transactions:    
Change in fair value of derivative instruments (26,630) 4,494
Common stock issued for dividend reinvestment plan 547 683
Contributions from limited partners in consolidated partnerships, net 8,420 13
Common stock issued for dividend reinvestment in trust 384 432
Contribution of stock awards into trust 1,488 1,475
Distribution of stock held in trust 4,060 1,898
Unrealized Gain (Loss) on Securities 37 (30)
Partnership Interest [Member]    
Cash flows from operating activities:    
Net income 94,221 69,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,015 72,218
Amortization of deferred loan cost and debt premium 4,831 5,058
(Accretion) and amortization of above and below market lease intangibles, net (1,176) (936)
Share-based Compensation 5,189 5,620
Stock-based compensation, net of capitalization 1,723 1,493
Equity in income of investments in real estate partnerships (23,971) (12,324)
Gain on sale of real estate (13,417) (6,460)
Provision for impairment (1,666) 0
Early extinguishment of debt 0 61
Distribution of earnings from operations of investments in real estate partnerships (26,159) (22,719)
Deferred compensation expense 429 581
Realized and unrealized loss (gain) on investments (446) (1,000)
Increase (Decrease) in Restricted Cash for Operating Activities 31 (1,587)
Changes in assets and liabilities:    
Accounts receivable, net (6,841) (5,895)
Straight-line rent receivables, net (3,071) (3,552)
Deferred leasing costs (5,386) (5,470)
Other assets (1,718) (3,209)
Accounts payable and other liabilities (9,447) (12,004)
Tenants’ security, escrow deposits and prepaid rent (2,693) 1,270
Net cash provided by operating activities 143,313 127,413
Cash flows from investing activities:    
Acquisition of operating real estate (297,448) 0
Payments for Deposits on Real Estate Acquisitions (1,500) (4,500)
Real estate development and capital improvements (75,320) (109,118)
Proceeds from sale of real estate investments 36,751 26,567
Investments in real estate partnerships (3,823) (1,344)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 25,746 15,014
Dividends on investment securities 137 87
Acquisition of securities (46,306) (20,581)
Proceeds from sale of securities 45,739 17,169
Net cash used in investing activities (316,024) (76,706)
Cash flows from financing activities:    
Net proceeds from common units issued as a result of common stock issued by Parent Company 149,788 955
Proceeds from sale of treasury stock 904 0
Distributions to limited partners in consolidated partnerships, net (2,214) (1,722)
Dividends paid to common stockholders (97,215) (90,776)
Dividends paid to preferred stockholders (10,531) (10,531)
Proceeds from unsecured credit facilities 295,000 85,000
Repayment of unsecured credit facilities (150,000) (40,000)
Proceeds from notes payable 20,000 2,399
Repayments of Notes Payable (41,584) (76,027)
Scheduled principal payments (3,062) (2,921)
Payment of loan costs (292) (3,746)
Net cash provided by (used in) financing activities 160,794 (137,369)
Net decrease in cash and cash equivalents (11,917) (86,662)
Cash and cash equivalents at beginning of the period 36,856 113,776
Cash and cash equivalents at end of the period 24,939 27,114
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $1,766 and $4,015 in 2016 and 2015, respectively) 44,153 53,458
Income Taxes Paid 0 697
Supplemental disclosure of non-cash transactions:    
Change in fair value of derivative instruments (26,630) 4,494
Common stock issued for dividend reinvestment plan 547 683
Contributions from limited partners in consolidated partnerships, net 8,420 13
Non-controlling interest recorded, fair value 0 0
Common stock issued for dividend reinvestment in trust 384 432
Contribution of stock awards into trust 1,488 1,475
Distribution of stock held in trust 4,060 1,898
Unrealized Gain (Loss) on Securities $ 37 $ (30)