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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net income $ 88,847 $ 118,848 $ 391,650 $ 297,305  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     237,462 226,935  
Amortization of deferred loan costs and debt premiums     4,297 4,608  
(Accretion) and amortization of above and below market lease intangibles, net     (15,625) (17,244)  
Stock-based compensation, net of capitalization     12,592 9,272  
Equity in income of investments in real estate partnerships (11,209) (14,243) (47,855) (26,344)  
Gain on sale of real estate, net of tax     (106,459) (38,198)  
Provision for impairment of real estate, net of tax   (20)   115  
Distribution of earnings from investments in real estate partnerships     45,238 54,310  
Settlement of derivative instruments       (2,472)  
Deferred compensation expense     (8,016) 2,707  
Realized and unrealized (gain) loss on investments     9,253 (3,177)  
Changes in assets and liabilities:          
Tenant and other receivables     (18,544) (8,659)  
Deferred leasing costs     (7,022) (7,103)  
Other assets     (4,312) (6,932)  
Accounts payable and other liabilities     21,656 25,879  
Tenants' security, escrow deposits and prepaid rent     13,927 (2,524)  
Net cash provided by operating activities     528,242 508,478  
Cash flows from investing activities:          
Acquisition of operating real estate, net of cash acquired of $3,061 in 2022 and $2,991 in 2021     (141,275) (78,111)  
Real estate development and capital improvements     (143,724) (120,827)  
Proceeds from sale of real estate     137,280 131,861  
Issuance of notes receivable       (20)  
Investments in real estate partnerships     (13,573) (21,788)  
Return of capital from investments in real estate partnerships     48,473 86,449  
Dividends on investment securities     336 125  
Acquisition of investment securities     (15,205) (22,422)  
Proceeds from sale of investment securities     15,821 23,162  
Net cash used in investing activities     (111,867) (1,571)  
Cash flows from financing activities:          
Net proceeds from common stock issuance     61,284 82,510  
Repurchase of common shares in conjunction with equity award plans     (6,438) (4,066)  
Common units repurchased through share repurchase program     (75,419)    
Proceeds from sale of treasury stock     64 96  
Contributions from (distributions to) limited partners in consolidated partnerships, net     1,568 (3,272)  
Distributions to exchangeable operating partnership unit holders     (1,413) (1,363)  
Dividends paid to common stockholders     (321,484) (301,897)  
Proceeds from unsecured credit facilities     95,000    
Repayment of unsecured credit facilities     (95,000) (265,000)  
Repayment of notes payable     (5,995) (13,764)  
Scheduled principal payments     (8,503) (8,448)  
Payment of loan costs     (82) (7,468)  
Net cash used in financing activities     (356,418) (522,672)  
Net increase (decrease) in cash and cash equivalents and restricted cash     59,957 (15,765)  
Cash and cash equivalents and restricted cash at beginning of the period     95,027 378,450 $ 378,450
Cash and cash equivalents and restricted cash at end of the period 154,984 362,685 154,984 362,685 95,027
Supplemental disclosure of cash flow information:          
Cash paid for interest (net of capitalized interest of $2,985 and $3,012 in 2022 and 2021, respectively)     115,011 113,647  
Cash paid for income taxes, net of refunds     488 358  
Supplemental disclosure of non-cash transactions:          
Common stock and exchangeable operating partnership dividends declared but not paid     107,410 101,753  
Acquisition of real estate previously held within investments in real estate partnerships     17,179 (4,609)  
Mortgage loans assumed by Company with the acquisition of real estate     22,779 111,090  
Common stock issued for partnership units exchanged     1,275 99  
Real estate received in lieu of promote interest       13,589  
Change in accrued capital expenditures     10,230 5,830  
Common stock issued under dividend reinvestment plan 136 404 388 1,172  
Stock-based compensation capitalized     550 600  
Contributions from limited partners in consolidated partnerships     5,434    
Common stock issued for dividend reinvestment in trust     840 826  
Contribution of stock awards into trust     2,136 1,416  
Distribution of stock held in trust     786 966  
Change in fair value of securities     1,896 334  
Partnership Interest [Member]          
Cash flows from operating activities:          
Net income 88,847 118,848 391,650 297,305  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     237,462 226,935  
Amortization of deferred loan costs and debt premiums     4,297 4,608  
(Accretion) and amortization of above and below market lease intangibles, net     (15,625) (17,244)  
Stock-based compensation, net of capitalization     12,592 9,272  
Equity in income of investments in real estate partnerships (11,209) (14,243) (47,855) (26,344)  
Gain on sale of real estate, net of tax     (106,459) (38,198)  
Provision for impairment of real estate, net of tax   (20)   115  
Distribution of earnings from investments in real estate partnerships     45,238 54,310  
Settlement of derivative instruments       (2,472)  
Deferred compensation expense     (8,016) 2,707  
Realized and unrealized (gain) loss on investments     9,253 (3,177)  
Changes in assets and liabilities:          
Tenant and other receivables     (18,544) (8,659)  
Deferred leasing costs     (7,022) (7,103)  
Other assets     (4,312) (6,932)  
Accounts payable and other liabilities     21,656 25,879  
Tenants' security, escrow deposits and prepaid rent     13,927 (2,524)  
Net cash provided by operating activities     528,242 508,478  
Cash flows from investing activities:          
Acquisition of operating real estate, net of cash acquired of $3,061 in 2022 and $2,991 in 2021     (141,275) (78,111)  
Real estate development and capital improvements     (143,724) (120,827)  
Proceeds from sale of real estate     137,280 131,861  
Issuance of notes receivable       (20)  
Investments in real estate partnerships     (13,573) (21,788)  
Return of capital from investments in real estate partnerships     48,473 86,449  
Dividends on investment securities     336 125  
Acquisition of investment securities     (15,205) (22,422)  
Proceeds from sale of investment securities     15,821 23,162  
Net cash used in investing activities     (111,867) (1,571)  
Cash flows from financing activities:          
Net proceeds from common stock issuance     61,284 82,510  
Repurchase of common shares in conjunction with equity award plans     (6,438) (4,066)  
Common units repurchased through share repurchase program     (75,419)    
Proceeds from sale of treasury stock     64 96  
Contributions from (distributions to) limited partners in consolidated partnerships, net     1,568 (3,272)  
Dividends paid to common stockholders     (322,897) (303,260)  
Proceeds from unsecured credit facilities     95,000    
Repayment of unsecured credit facilities     (95,000) (265,000)  
Repayment of notes payable     (5,995) (13,764)  
Scheduled principal payments     (8,503) (8,448)  
Payment of loan costs     (82) (7,468)  
Net cash used in financing activities     (356,418) (522,672)  
Net increase (decrease) in cash and cash equivalents and restricted cash     59,957 (15,765)  
Cash and cash equivalents and restricted cash at beginning of the period     95,027 378,450 378,450
Cash and cash equivalents and restricted cash at end of the period $ 154,984 $ 362,685 154,984 362,685 $ 95,027
Supplemental disclosure of cash flow information:          
Cash paid for interest (net of capitalized interest of $2,985 and $3,012 in 2022 and 2021, respectively)     115,011 113,647  
Cash paid for income taxes, net of refunds     488 358  
Supplemental disclosure of non-cash transactions:          
Common stock and exchangeable operating partnership dividends declared but not paid     107,410 101,753  
Acquisition of real estate previously held within investments in real estate partnerships     17,179 (4,609)  
Mortgage loans assumed by Company with the acquisition of real estate     22,779 111,090  
Common stock issued by Parent Company for partnership units exchanged     1,275 99  
Change in accrued capital expenditures     10,230 5,830  
Common stock issued under dividend reinvestment plan     388 1,172  
Stock-based compensation capitalized     550 600  
Contributions from limited partners in consolidated partnerships     5,434    
Common stock issued for dividend reinvestment in trust     840 826  
Contribution of stock awards into trust     2,136 1,416  
Distribution of stock held in trust     786 966  
Change in fair value of securities     $ 1,896 $ 334