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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net Income (Loss) Available to Common Stockholders, Diluted $ 97,411 $ 79,683
Operating activities:    
Net income 109,315 91,587
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from discontinued operations 0 (58)
Gain on sale of real estate (2,270) (23,924)
Gain on insurance recovery (2,012) 0
Deferred income tax expense (benefit) (620) 177
Costs associated with loan refinancing or payoff 891 243
Equity in income from joint ventures 298 362
Distributions from joint ventures 511 0
Depreciation and amortization 51,621 41,204
Amortization of deferred financing costs 2,335 2,269
Amortization of above market leases 96 97
Share-based compensation expense to management and trustees 5,504 4,057
Share-based compensation expense included in retirement severance expense 0 6,377
Decrease (increase) in restricted cash (1,665) 464
Decrease (increase) in mortgage notes accrued interest receivable 728 (3,009)
Increase in accounts receivable, net (4,327) (9,314)
Increase in direct financing lease receivable (1,736) (1,882)
Increase in other assets (4,745) (2,057)
Increase (decrease) in accounts payable and accrued liabilities (931) 6,035
Increase in unearned rents and interest 135 7,977
Net operating cash provided by continuing operations 152,532 119,881
Net operating cash provided by discontinued operations 0 526
Net cash provided by operating activities 152,532 120,407
Investing activities:    
Acquisition of and investments in rental properties and other assets 138,788 93,221
Proceeds from sale of real estate 13,129 43,790
Investment in mortgage notes receivable (65,508) (35,589)
Proceeds from mortgage note receivable paydown 63,685 308
Proceeds from sale of infrastructure related to issuance of revenue bonds 43,462 0
Proceeds from insurance recovery 2,211 0
Proceeds from Sale of Lease Receivables 825 4,741
Additions to properties under development (187,216) (206,955)
Net cash used by investing activities (268,200) (286,926)
Financing activities:    
Proceeds from long-term debt facilities 318,000 558,914
Principal payments on long-term debt (203,116) (259,659)
Deferred financing fees paid (169) (6,854)
Costs associated with loan refinancing or payoff (cash portion) (472) 0
Net proceeds from issuance of common shares 142,279 240
Impact of stock option exercises, net (717) (35)
Purchase of common shares for treasury (4,208) (8,223)
Dividends paid to shareholders (131,701) (114,600)
Net cash provided by financing activities 119,896 169,783
Effect of exchange rate changes on cash (49) (454)
Net increase in cash and cash equivalents 4,179 2,810
Cash and cash equivalents at beginning of the year 4,283 3,336
Cash and cash equivalents at end of the year 8,462 6,146
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 224,057 62,028
Transfer of land held for development to property under development 0 167,600
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 19,626 13,682
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 48,608 42,143
Cash paid during the period for income taxes 1,116 748
Interest cost capitalized 5,051 9,493
Decrease in accrued capital expenditures $ (5,598) $ (5,967)