XML 28 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
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:    
Net income $ 14,655 $ 37,231
Operating distributions received from unconsolidated joint ventures 463 788
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29,684 27,606
Amortization of deferred financing costs 594 803
Other amortization 9,516 12,485
Impairment loss on real estate assets 6,402 0
Stock compensation expense 594 334
Equity in income of unconsolidated joint ventures (395) (170)
Gain on sale of real estate assets, net 0 (17,832)
Changes in assets and liabilities:    
Increase in tenant receivables, net (9,685) (3,216)
Decrease/(increase) in restricted cash and escrows 9 (16,069)
Decrease/(increase) in prepaid expenses and other assets 250 (2,659)
Decrease in accounts payable and accrued expenses (11,122) (6,101)
Increase in deferred income 2,033 4,709
Net cash provided by operating activities 42,998 37,909
Cash Flows from Investing Activities:    
Investments in real estate assets and related intangibles (281,613) (13,075)
Net sales proceeds from wholly-owned properties 3,403 24,839
Investments in unconsolidated joint ventures (672) 0
Deferred lease costs paid (8,870) (5,874)
Net cash (used in)/provided by investing activities (287,752) 5,890
Cash Flows from Financing Activities:    
Deferred financing costs paid (47) (12)
Proceeds from line of credit and notes payable 294,000 49,000
Repayments of line of credit and notes payable (11,000) (169,000)
Costs of issuance of common stock 0 (229)
Share repurchases as part of an announced program (11) 0
Dividends paid and discount on dividend reinvestments (33,570) (34,569)
Net cash provided by/(used in) financing activities 249,372 (154,810)
Net increase/(decrease) in cash and cash equivalents 4,618 (111,011)
Cash and cash equivalents, beginning of period 12,957 139,690
Cash and cash equivalents, end of period 17,575 28,679
Supplemental Disclosures of Significant Noncash Investing and Financing Activities:    
Accrued capital expenditures and deferred lease costs $ 31,071 $ 4,410