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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 48,864 $ 37,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,820 126,657
Loss on sale of depreciable real estate assets   29
Loss on sale of non-depreciable real estate assets   376
Loss on embedded derivative in preferred shares 15,108 27,638
Stock compensation expense 5,369 5,288
Amortization of debt issuance costs, discounts and premiums 1,344 1,157
Net change in operating accounts and other operating activities (54,394) (38,495)
Net cash provided by operating activities 148,111 160,602
Cash flows from investing activities:    
Purchases of real estate and other assets   (5,004)
Capital improvements, development and other (113,511) (84,610)
Distributions from real estate joint ventures 114  
Contributions to affiliates   (900)
Proceeds from disposition of real estate assets 898 525
Net cash used in investing activities (112,499) (89,989)
Cash flows from financing activities:    
Proceeds from revolving credit facility   130,000
Repayments of revolving credit facility   (30,000)
Net proceeds from (repayments of) commercial paper 213,000 (70,000)
Principal payments on notes payable (119,154) (1,740)
Distributions to noncontrolling interests (4,159) (4,067)
Distributions paid on common shares/units (117,242) (114,270)
Distributions paid on preferred shares/units (922) (922)
Net change in other financing activities 625 (1,108)
Net cash used in financing activities (27,852) (92,107)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,760 (21,494)
Cash, cash equivalents and restricted cash, beginning of period 35,615 70,541
Cash, cash equivalents and restricted cash, end of period 43,375 49,047
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 32,620 34,508
Restricted cash 10,755 14,539
Cash, cash equivalents and restricted cash, end of period 43,375 49,047
Supplemental disclosure of cash flow information:    
Interest paid 26,998 25,730
Income taxes paid 81 34
Supplemental disclosure of noncash investing and financing activities:    
Conversion of OP Units to shares of common stock 232 450
Accrued construction in progress 32,781 25,878
Interest capitalized 2,550 1,391
Limited Partner [Member]    
Cash flows from operating activities:    
Net income 48,864 37,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,820 126,657
Loss on sale of depreciable real estate assets   29
Loss on sale of non-depreciable real estate assets   376
Loss on embedded derivative in preferred shares 15,108 27,638
Stock compensation expense 5,369 5,288
Amortization of debt issuance costs, discounts and premiums 1,344 1,157
Net change in operating accounts and other operating activities (54,394) (38,495)
Net cash provided by operating activities 148,111 160,602
Cash flows from investing activities:    
Purchases of real estate and other assets   (5,004)
Capital improvements, development and other (113,511) (84,610)
Distributions from real estate joint ventures 114  
Contributions to affiliates   (900)
Proceeds from disposition of real estate assets 898 525
Net cash used in investing activities (112,499) (89,989)
Cash flows from financing activities:    
Proceeds from revolving credit facility   130,000
Repayments of revolving credit facility   (30,000)
Net proceeds from (repayments of) commercial paper 213,000 (70,000)
Principal payments on notes payable (119,154) (1,740)
Distributions paid on common shares/units (121,401) (118,337)
Distributions paid on preferred shares/units (922) (922)
Net change in other financing activities 625 (1,108)
Net cash used in financing activities (27,852) (92,107)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,760 (21,494)
Cash, cash equivalents and restricted cash, beginning of period 35,615 70,541
Cash, cash equivalents and restricted cash, end of period 43,375 49,047
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 32,620 34,508
Restricted cash 10,755 14,539
Cash, cash equivalents and restricted cash, end of period 43,375 49,047
Supplemental disclosure of cash flow information:    
Interest paid 26,998 25,730
Income taxes paid 81 34
Supplemental disclosure of noncash investing and financing activities:    
Accrued construction in progress 32,781 25,878
Interest capitalized $ 2,550 $ 1,391