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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities:    
Net income (loss) $ 21,390 $ 41,733
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Non-cash impairment charges 12,042 0
Loss (income) from discontinued operations 547 (17,599)
Costs associated with loan refinancing or payoff, net (non-cash portion) 0 1,759
Equity in income from joint ventures (47) (774)
Distributions from joint ventures 354 652
Depreciation and amortization 12,457 11,871
Amortization of deferred financing costs 1,085 1,023
Share-based compensation expense to management and trustees 1,464 1,367
Increase in restricted cash 1,450 740
Increase in mortgage notes accrued interest receivable (13) 0
Decrease (increase) in accounts receivable, net (390) (1,440)
Decrease in notes receivable and accrued interest receivable 26 23
Increase in direct financing lease receivable (1,256) (1,255)
Increase in other assets (3,171) (1,261)
Increase (decrease) in accounts payable and accrued liabilities (6,768) (4,945)
Increase (decrease) in unearned rents 2,628 33
Net operating cash provided by continuing operations 41,798 31,927
Net operating cash provided by discontinued operations 161 3,077
Net cash provided by operating activities 41,959 35,004
Investing activities:    
Acquisition of rental properties and other assets (31,507) (38,628)
Investment in unconsolidated joint ventures (442) (2,746)
Investment in mortgage notes receivable (24,451) (1,524)
Investment in direct financing lease, net 0 (2,113)
Additions to properties under development (13,672) (2,668)
Net cash used by investing activities of continuing operations (70,072) (47,679)
Net cash used by other investing activities of discontinued operations 0 (58)
Net proceeds from sale of real estate from discontinued operations 282 205,176
Net cash provided (used) by investing activities (69,790) 157,439
Financing activities:    
Proceeds from long-term debt facilities 320,000 163,000
Principal payments on long-term debt (251,328) (310,305)
Deferred financing fees paid (1,852) (619)
Net proceeds from issuance of common shares 56 66
Impact of stock option exercises, net (480) (499)
Purchase of common shares for treasury (3,209) (3,070)
Dividends paid to shareholders (38,681) (37,778)
Net cash provided (used) by financing activities 24,506 (189,205)
Effect of exchange rate changes on cash 174 150
Net increase (decrease) in cash and cash equivalents (3,151) 3,388
Cash and cash equivalents at beginning of the year 14,625 11,776
Cash and cash equivalents at end of the year 11,474 15,164
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 1,038 0
Acquisition of real estate in exchange for assumption of debt at fair value 0 4,109
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 6,694 6,283
Conversion of equity to mortgage loan related to atlantic-EPR I 14,852 0
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 21,845 23,567
Cash paid (received) during the year for income taxes $ 197 $ 375