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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 41,794 $ 40,971
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 64,971 61,677
Depreciation of non-real estate furniture, fixtures and equipment 1,164 1,038
(Recoveries of) provision for bad debts and write-offs (Note 1) (3,543) (265)
Non-cash amortization of share-based compensation awards 7,211 3,598
Non-cash amortization of deferred financing costs and debt discounts and premiums 135 315
Non-cash amortization of net below market rents (2,094) (2,543)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (3,817) (4,281)
Straight-line rents (12,895) (5,359)
Amortization of right of use ground lease assets 144  
Net change in other operating assets (8,382) (4,640)
Net change in other operating liabilities 15,102 3,598
Net cash provided by operating activities 99,790 94,109
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for development properties and undeveloped land (181,695) (111,424)
Expenditures for operating properties (31,837) (35,302)
Expenditures for acquisition of operating properties 0 (111,029)
Net increase in acquisition-related deposits 0 (5,000)
Proceeds received from repayment of note receivable 0 15,100
Net cash used in investing activities (213,532) (247,655)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on unsecured revolving credit facility (Note 3) 190,000 90,000
Repayments on unsecured revolving credit facility (Note 3) (50,000) (10,000)
Borrowings on unsecured debt 0 120,000
Principal payments and repayments of secured debt (Note 3) (74,930) (878)
Financing costs (942) (460)
Repurchase of common stock and restricted stock units (12,130) (13,642)
Distributions to noncontrolling interests in consolidated property partnerships (6,301) (2,170)
Dividends and distributions paid to common stockholders and common unitholders (46,996) (43,033)
Net cash (used in) provided by financing activities (1,299) 139,817
Net decrease in cash and cash equivalents and restricted cash (115,041) (13,729)
Cash and cash equivalents and restricted cash, beginning of period 171,034 66,798
Cash and cash equivalents and restricted cash, end of period $ 55,993 $ 53,069