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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 180,226 $ 121,664 $ 115,266
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain on early extinguishment of debt (4,539) 0 0
Gain on previously held equity interest (4,853) 0 0
Gain on sale or acquisition, net (3,017) 0 0
Deferred Income Tax Expense (Benefit) (14,787) 0 0
Non-cash impairment charges 0 3,074 2,531
Loss (income) from discontinued operations (4,589) 20,242 14,822
Costs associated with loan refinancing or payoff, net 6,166 627 1,877
Equity in income from joint ventures (1,398) (1,025) (2,847)
Distributions from joint ventures 985 1,046 2,848
Depreciation and amortization 53,946 46,698 42,975
Amortization of deferred financing costs 4,041 4,218 3,807
Amortization of above and below Market Leases 48 0 0
Share-based compensation expense to management and trustees 6,516 5,833 5,610
Decrease (increase) in restricted cash 12,509 (6,681) (652)
Increase in mortgage notes accrued interest receivable (457) (409) (5)
Decrease (increase) in accounts receivable, net (7,163) (7,400) 129
Increase in direct financing lease receivable (4,860) (4,964) (5,073)
Decrease (increase) in other assets 2,338 (989) (44)
Increase in accounts payable and accrued liabilities 7,816 8,720 4,358
Increase in unearned rents 2,511 5,447 66
Net operating cash provided by continuing operations 231,439 196,101 185,668
Net operating cash provided by discontinued operations 2,681 11,343 10,248
Net cash provided by operating activities 234,120 207,444 195,916
Investing activities:      
Acquisition of rental properties and other assets (123,497) (73,188) (53,175)
Proceeds from sale of real estate 797 0 0
Investment in unconsolidated joint ventures (1,607) (1,800) (3,970)
Investment in mortgage notes receivable (60,568) (113,823) (19,688)
Proceeds from mortgage note receivable paydown 1,900 0 0
Investment in promissory notes receivable (1,278) 0 0
Proceeds from promissory note receivable paydown 1,027 0 0
Investment in direct financing leases, net (3,262) 0 (2,113)
Proceeds from Sale of Lease Receivables 0 4,494 0
Additions to properties under development (197,271) (113,599) (57,926)
Net cash used by investing activities of continuing operations (383,759) (297,916) (136,872)
Net cash used by other investing activities of discontinued operations 0 0 (58)
Net proceeds from sale of real estate from discontinued operations 47,301 42,133 226,612
Net cash provided (used) by investing activities (336,458) (255,783) 89,682
Financing activities:      
Proceeds from long-term debt facilities 646,000 871,000 387,000
Principal payments on long-term debt (552,468) (658,571) (425,859)
Deferred financing fees paid (8,133) (5,800) (3,731)
Costs associated with loan refinancing or payoff (cash portion) (5,790) (189) (117)
Net proceeds from issuance of common shares 220,785 231 253
Net proceeds from issuance of preferred shares 0 120,567 0
Redemption of preferred shares 0 (115,013) (80,030)
Impact of stock option exercises, net 947 (1,987) 966
Purchase of common shares for treasury (3,246) (3,232) (3,070)
Dividends paid to shareholders (197,924) (162,775) (157,844)
Net cash provided (used) by financing activities 100,171 44,231 (282,432)
Effect of exchange rate changes on cash (539) 147 (317)
Net increase (decrease) in cash and cash equivalents (2,706) (3,961) 2,849
Cash and cash equivalents at beginning of the year 10,664 14,625 11,776
Cash and cash equivalents at end of the year 7,958 10,664 14,625
Supplemental schedule of non-cash activity:      
Transfer of property under development to rental property 139,026 96,178 41,087
Acquisition of real estate in exchange for assumption of debt at fair value 19,710 0 4,109
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 10,398 7,181 6,785
Conversion of equity to mortgage note receivable related to Atlantic-EPR I 0 14,852 0
Adjustment of noncontrolling interest to additional paid in capital 0 27,785 0
Sale of real estate in exchange for note receivable 2,500 2,500 0
Net increase in real estate and other assets 49,391 0 0
decrease in investment in joint venture 8,282 0 0
Decrease in mortgage notes receivable 33,089 0 0
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 73,403 66,302 69,368
Cash paid (received) during the year for income taxes $ 102 $ (325) $ 40