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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 176,229 $ 98,606 $ (131,728)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
asset impairment charges cont and discops 27,349 2,711 85,657
Impairment Losses Related to Real Estate Partnerships 647 0 3,247
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 651 17,881 50,119
Gain on insurance recovery (552) (1,181) (809)
Deferred income tax benefit (expense) (169) 0 15,246
Financing Receivable, Credit Loss, Expense (Reversal) 10,816 (21,972) 30,695
write off of deferred debt issuance cost cont and disc 0 25,451 1,632
Equity in loss from joint ventures 1,672 5,059 4,552
Distributions from joint ventures 780 90 0
depreciation and amort cont and discops 163,652 163,770 170,333
Amortization of deferred financing costs 8,360 7,666 6,606
Amortization of above/below market leases and tenant allowances, net (355) (385) (480)
Share-based compensation expense to management and trustees 16,666 14,903 13,819
Share-based compensation expense included in severance expense 0 0 1,258
Increase (Decrease) in Operating Lease Assets and Liabilities, Net 463 (551) 344
Mortgage notes accrued interest receivable (500) 568 (7,576)
Accounts receivable 25,974 36,821 (47,383)
Other assets (473) (1,282) (2,698)
Accounts payable and accrued liabilities 14,576 (8,653) (16,128)
Increase (Decrease) in Deferred Revenue (2,768) 3,185 (11,195)
Net cash provided by operating activities 441,716 306,925 65,273
Investing activities:      
Acquisition of rental properties and other assets (174,533) (56,556) (38,714)
Proceeds from Sale of Real Estate 10,965 96,137 227,742
Investment in unconsolidated joint ventures 26,088 13,611 1,690
Proceeds from Equity Method Investment, Distribution, Return of Capital 6,695 0 0
Payments for (Proceeds from) Hedge, Investing Activities (3,830) 0 0
Investment in mortgage notes receivable (95,234) (8,664) (8,141)
Proceeds from mortgage note receivable paydown 1,749 8,242 481
Investment in promissory notes receivable 0 4,379 6,134
Proceeds from promissory note receivable paydown 701 8,816 103
Proceeds from insurance recovery 3,700 1,181 809
Additions to properties under development (75,710) (29,304) (40,470)
Net cash (used) provided by investing activities (351,585) 1,862 133,986
Financing activities:      
Proceeds from Issuance of Long-term Debt 0 400,000 750,000
Principal payments on long-term debt 0 (1,288,765) (160,000)
Deferred financing fees paid (328) (15,212) (6,330)
Costs associated with loan refinancing or payoff (cash portion) 0 (22,865) (1,632)
Net proceeds from issuance of common shares 758 460 972
Payment, Tax Withholding, Share-based Payment Arrangement (11) (2) 0
Issuances of captive REIT preferred shares 107 0 0
Purchase of common shares for treasury (4,257) (2,763) (7,387)
payments for repurchase of common stock, repurchase program 0 0 105,994
Dividends paid to shareholders (265,661) (117,531) (172,460)
Net cash (used) provided by financing activities (269,392) (1,046,678) 297,169
Effect of Exchange Rate on Cash (129) (218) 142
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (179,390) (738,109) 496,570
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 110,511 289,901 1,028,010
Restricted Cash and Cash Equivalents 2,577 1,079 2,433
Cash and cash equivalents at beginning of the year 288,822 1,025,577 528,763
Cash and cash equivalents at end of the year 107,934 288,822 1,025,577
Supplemental schedule of non-cash activity:      
Transfer of property under development to rental property 41,872 91,546 20,657
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 21,751 21,921 20,062
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 36,741 33,355 0
Supplemental disclosure of cash flow information:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 125,808 150,034 152,393
Cash paid during the year for income taxes 1,282 1,466 1,507
Interest cost capitalized 1,286 1,567 1,233
Change in accrued capital expenditures $ 896 $ 2,880 $ (12,376)