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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 37,952 $ 65,958
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 126,657 123,082
Loss on sale of depreciable real estate assets 29 13
Loss (gain) on sale of non-depreciable real estate assets 376 (8,963)
Loss on embedded derivative in preferred shares 27,638 524
Stock compensation expense 5,288 4,785
Amortization of debt issuance costs, discounts and premiums 1,157 1,747
Net change in operating accounts and other operating activities (38,495) (32,468)
Net cash provided by operating activities 160,602 154,678
Cash flows from investing activities:    
Purchases of real estate and other assets (5,004) (13,595)
Capital improvements, development and other (84,610) (53,214)
Distributions from real estate joint ventures   43
Contributions to affiliates (900)  
Proceeds from disposition of real estate assets 525 13,882
Net cash used in investing activities (89,989) (52,884)
Cash flows from financing activities:    
Proceeds from revolving credit facility 130,000 145,000
Repayments of revolving credit facility (30,000) (610,000)
Net repayments of commercial paper (70,000)  
Proceeds from notes payable   490,435
Principal payments on notes payable (1,740) (1,847)
Payment of deferred financing costs   (4,705)
Distributions to noncontrolling interests (4,067) (3,947)
Distributions paid on common shares/units (114,270) (109,324)
Distributions paid on preferred shares/units (922) (922)
Net change in other financing activities (1,108) 1,230
Net cash used in financing activities (92,107) (94,080)
Net (decrease) increase in cash, cash equivalents and restricted cash (21,494) 7,714
Cash, cash equivalents and restricted cash, beginning of period 70,541 51,673
Cash, cash equivalents and restricted cash, end of period 49,047 59,387
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 34,508 44,623
Restricted cash 14,539 14,764
Cash, cash equivalents and restricted cash, end of period 49,047 59,387
Supplemental disclosure of cash flow information:    
Interest paid 25,730 18,322
Income taxes paid 34 59
Supplemental disclosure of noncash investing and financing activities:    
Conversion of OP Units to shares of common stock 450 336
Accrued construction in progress 25,878 15,155
Interest capitalized 1,391 388
Limited Partner [Member]    
Cash flows from operating activities:    
Net income 37,952 65,958
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 126,657 123,082
Loss on sale of depreciable real estate assets 29 13
Loss (gain) on sale of non-depreciable real estate assets 376 (8,963)
Loss on embedded derivative in preferred shares 27,638 524
Stock compensation expense 5,288 4,785
Amortization of debt issuance costs, discounts and premiums 1,157 1,747
Net change in operating accounts and other operating activities (38,495) (32,468)
Net cash provided by operating activities 160,602 154,678
Cash flows from investing activities:    
Purchases of real estate and other assets (5,004) (13,595)
Capital improvements, development and other (84,610) (53,214)
Distributions from real estate joint ventures   43
Contributions to affiliates (900)  
Proceeds from disposition of real estate assets 525 13,882
Net cash used in investing activities (89,989) (52,884)
Cash flows from financing activities:    
Proceeds from revolving credit facility 130,000 145,000
Repayments of revolving credit facility (30,000) (610,000)
Net repayments of commercial paper (70,000)  
Proceeds from notes payable   490,435
Principal payments on notes payable (1,740) (1,847)
Payment of deferred financing costs   (4,705)
Distributions paid on common shares/units (118,337) (113,271)
Distributions paid on preferred shares/units (922) (922)
Net change in other financing activities (1,108) 1,230
Net cash used in financing activities (92,107) (94,080)
Net (decrease) increase in cash, cash equivalents and restricted cash (21,494) 7,714
Cash, cash equivalents and restricted cash, beginning of period 70,541 51,673
Cash, cash equivalents and restricted cash, end of period 49,047 59,387
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 34,508 44,623
Restricted cash 14,539 14,764
Cash, cash equivalents and restricted cash, end of period 49,047 59,387
Supplemental disclosure of cash flow information:    
Interest paid 25,730 18,322
Income taxes paid 34 59
Supplemental disclosure of noncash investing and financing activities:    
Accrued construction in progress 25,878 15,155
Interest capitalized $ 1,391 $ 388