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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 212,952 $ 197,405
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain from early Extinguishment of Debt 0 977
Impairment charges 16,548 10,195
Gain on sale of real estate (2,688) (28,462)
Gain on insurance recovery 0 606
Deferred income tax expense 755 911
gain on sale of investment in direct financing leases 5,514 0
Costs associated with loan refinancing or payoff 31,958 1,491
Equity in income from joint ventures 17 (86)
Distributions from joint ventures 567 442
Depreciation and amortization 113,889 95,919
Amortization of deferred financing costs 4,307 4,579
Amortization of above/below market leases and tenant allowances, net (527) (41)
Share-based compensation expense to management and trustees 11,295 10,566
(Increase) decrease in mortgage notes accrued interest receivable (970) 875
(Increase) decrease in accounts receivable, net (13,620) 10,220
Increase in direct financing lease receivable (500) (1,003)
Increase in other assets (2,717) (2,225)
Increase (decrease) in accounts payable and accrued liabilities 11,244 (8,788)
Increase in unearned rents and interest 23,886 24,319
Net cash provided by operating activities 400,882 314,734
Investing activities:    
Acquisition of and investments in rental properties and other assets 107,396 354,137
Proceeds from sale of real estate 19,881 136,467
Payments for (Proceeds from) Hedge, Investing Activities (30,796) 0
Investment in mortgage notes receivable (27,719) (130,076)
Proceeds from mortgage note receivable paydown 272,004 16,608
Investment in promissory notes receivable 7,801 1,868
Proceeds from promissory note receivable paydown 7,500 1,599
Proceeds from insurance recovery 0 579
Proceeds from Sale of Lease Receivables 43,447 0
Additions to properties under development (222,840) (304,084)
Net cash provided (used) by investing activities 7,872 (634,912)
Financing activities:    
Proceeds from long-term debt facilities 870,000 1,175,000
Principal payments on long-term debt (941,684) (667,091)
Deferred financing fees paid (8,643) (14,207)
Costs associated with loan refinancing or payoff (cash portion) (28,650) (7)
Net proceeds from issuance of common shares 734 68,552
Impact of stock option exercises, net (6) 0
Purchase of common shares for treasury (7,155) (6,729)
Dividends paid to shareholders (256,074) (228,861)
Net cash (used) provided by financing activities (371,478) 326,657
Effect of exchange rate changes on cash (78) 177
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 37,198 6,656
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 96,184 35,735
Cash and Cash Equivalents, at Carrying Value 74,153 11,412
Restricted Cash and Cash Equivalents 22,031 24,323
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 175,198 301,612
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 18,252 23,893
Stock Issued During Period, Value, Acquisitions 0 657,473
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 0 12,083
Transfer of investment in a direct financing lease to rental properties 0 35,807
Noncash or Part Noncash Acquisition, Value of Assets Acquired 155,185 0
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 104,065 103,702
Cash paid during the period for income taxes 1,365 1,253
Interest cost capitalized 7,235 7,833
(Decrease) increase in accrued capital expenditures $ (6,165) $ 7,137