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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Consolidated net income $ 22,005 $ 25,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Amortization and Accretion, Net (10) 0
Depreciation and amortization 34,237 31,549
Stock compensation expense 630 814
Redeemable stock issued 159 116
Amortization of debt premium 225 (90)
Loss from investments in real estate joint ventures (54) 31
Gain on debt extinguishment 169 (20)
Derivative interest expense 267 164
Gain on sale of discontinued operations 0 (9,429)
Net casualty loss and other settlement proceeds (16) 58
Changes in assets and liabilities:    
Restricted cash 159 207
Other assets (3,466) 2,445
Accounts payable 1,086 1,910
Accrued expenses and other (12,985) (14,994)
Security deposits 161 82
Net cash provided by operating activities 42,117 37,911
Cash flows from investing activities:    
Purchases of real estate and other assets (32,561) 0
Improvements to existing real estate assets (8,701) (11,426)
Construction capital and other improvements (576) (795)
Renovations to Existing Real Estate Assets 2,187 2,934
Development (12,240) (26,745)
Distributions from real estate joint ventures 4,964 459
Contributions to real estate joint ventures (16) (51)
Proceeds from disposition of real estate assets 76 28,964
Funding of escrow for future acquisitions 0 (21,585)
Net cash used in investing activities (51,241) (34,113)
Cash flows from financing activities:    
Net change in credit lines 19,000 (158,802)
Proceeds from notes payable 0 50,000
Principal payments on notes payable (1,370) (807)
Payment of deferred financing costs (120) (1,397)
Repurchase of common stock (673) (1,415)
Proceeds from issuances of common shares 22,058 120,135
Distributions to noncontrolling interests (1,204) (1,280)
Dividends paid on common shares (29,418) (25,723)
Net cash (used in) provided by financing activities 8,273 (19,289)
Net (decrease) increase in cash and cash equivalents (851) (15,491)
Cash and cash equivalents, beginning of period 9,075 57,317
Cash and cash equivalents, end of period 8,224 41,826
Supplemental disclosure of cash flow information:    
Interest paid 16,400 16,911
Supplemental disclosure of noncash investing and financing activities:    
Conversion of units to shares of common stock 443 28
Accrued construction in progress 7,126 10,027
Interest capitalized 448 638
Marked-to-market adjustment on derivative instruments $ 4,096 $ 4,084