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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 289,231 $ 330,137
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 277,934 268,389
Gain on sale of depreciable real estate assets (14) (131,964)
Gain on sale of non-depreciable real estate assets (54) (378)
(Gain) loss on embedded derivative in preferred shares (9,387) 9,939
Stock compensation expense 8,753 10,740
Amortization of debt issuance costs, discounts and premiums 3,036 3,018
(Gain) loss on investments (7,292) 31,093
Net change in operating accounts and other operating activities (8,124) (57,067)
Net cash provided by operating activities 554,083 463,907
Cash flows from investing activities:    
Purchases of real estate and other assets (12,450) (17,238)
Capital improvements and other (174,343) (132,849)
Development costs (104,118) (84,636)
Distributions from real estate joint venture 0 352
Contributions to affiliates (5,630) (9,300)
Proceeds from real estate asset dispositions 3,024 165,201
Net proceeds from insurance recoveries 696 20,675
Net cash used in investing activities (292,821) (57,795)
Cash flows from financing activities:    
Net payments of commercial paper (20,000) 0
Principal payments on notes payable (730) (691)
Distributions to noncontrolling interests (8,848) (6,965)
Distributions paid on common shares (325,006) (250,960)
Distributions paid on preferred shares (1,844) (1,844)
Proceeds from issuances of common units 204,391 439
Acquisition of noncontrolling interests 0 (43,070)
Net change in other financing activities (6,571) (11,917)
Net cash used in financing activities (158,608) (315,008)
Net increase in cash, cash equivalents and restricted cash 102,654 91,104
Cash, cash equivalents and restricted cash, beginning of period 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 163,725 221,702
Reconciliation of cash, cash equivalents and restricted cash at period end:    
Cash and cash equivalents 150,155 60,568
Restricted cash 13,570 161,134
Total cash, cash equivalents and restricted cash 163,725 221,702
Supplemental disclosure of cash flow information:    
Interest paid 76,302 79,201
Income taxes paid 3,321 2,635
Supplemental disclosure of noncash investing and financing activities:    
Dividends and distributions declared and accrued 167,764 148,302
Accrued construction in progress 39,144 31,803
Interest capitalized 5,883 3,893
Conversion of OP Units to shares of common stock 531 193
Limited Partnership [Member]    
Cash flows from operating activities:    
Net income 289,231 330,137
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 277,934 268,389
Gain on sale of depreciable real estate assets (14) (131,964)
Gain on sale of non-depreciable real estate assets (54) (378)
(Gain) loss on embedded derivative in preferred shares (9,387) 9,939
Stock compensation expense 8,753 10,740
Amortization of debt issuance costs, discounts and premiums 3,036 3,018
(Gain) loss on investments (7,292) 31,093
Net change in operating accounts and other operating activities (8,124) (57,067)
Net cash provided by operating activities 554,083 463,907
Cash flows from investing activities:    
Purchases of real estate and other assets (12,450) (17,238)
Capital improvements and other (174,343) (132,849)
Development costs (104,118) (84,636)
Distributions from real estate joint venture 0 352
Contributions to affiliates (5,630) (9,300)
Proceeds from real estate asset dispositions 3,024 165,201
Net proceeds from insurance recoveries 696 20,675
Net cash used in investing activities (292,821) (57,795)
Cash flows from financing activities:    
Net payments of commercial paper (20,000) 0
Principal payments on notes payable (730) (691)
Distributions paid on common shares (333,854) (257,925)
Distributions paid on preferred shares (1,844) (1,844)
Proceeds from issuances of common units 204,391 439
Acquisition of noncontrolling interests 0 (43,070)
Net change in other financing activities (6,571) (11,917)
Net cash used in financing activities (158,608) (315,008)
Net increase in cash, cash equivalents and restricted cash 102,654 91,104
Cash, cash equivalents and restricted cash, beginning of period 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 163,725 221,702
Reconciliation of cash, cash equivalents and restricted cash at period end:    
Cash and cash equivalents 150,155 60,568
Restricted cash 13,570 161,134
Total cash, cash equivalents and restricted cash 163,725 221,702
Supplemental disclosure of cash flow information:    
Interest paid 76,302 79,201
Income taxes paid 3,321 2,635
Supplemental disclosure of noncash investing and financing activities:    
Distribution on common units declared and accrued 167,764 148,302
Accrued construction in progress 39,144 31,803
Interest capitalized $ 531 $ 193