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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income $ 105,378 $ 37,559 $ 40,948
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate (97,491) (21,599) (13,348)
Depreciation and amortization, including amounts in discontinued operations 100,528 95,746 94,447
Provision for losses on accounts receivable 4,005 4,150 6,889
Real estate impairment, including amounts in discontinued operations 15,125 0 0
Amortization of share grants, net 4,321 4,931 3,085
Amortization of debt premiums, discounts and related financing costs 3,194 5,532 6,957
Loss (gain) on extinguishment of debt, net 0 9,176 (5,336)
Changes in operating other assets (14,911) (20,053) (14,576)
Changes in operating other liabilities (2,294) (3,509) (16,165)
Net cash provided by operating activities 117,855 111,933 102,901
Cash flows from investing activities      
Real estate acquisitions, net (281,701) [1] (155,881) [1] (19,828) [1]
Capital improvements to real estate (32,815) (25,045) (27,337)
Held for development (25,929) (1,337) (2,135)
Net cash received for sale of real estate 402,164 71,505 36,842
Non-real estate capital improvements (621) (392) (351)
Net cash provided by (used in) investing activities 61,098 (111,150) (12,809)
Cash flows from financing activities      
Line of credit borrowings 261,000 68,800 214,500
Line of credit repayments (262,000) (96,800) (153,500)
Dividends paid (115,045) (108,949) (100,221)
Distributions to noncontrolling interests (2,488) (163) (190)
Proceeds from equity offerings under dividend reinvestment program 5,043 5,286 2,479
Proceeds from mortgage notes payable 0 0 37,500
Principal payments - mortgage notes payable (32,331) (25,985) (54,030)
Net proceeds from debt offerings 0 247,998 0
Financing costs (3,905) (2,450) (847)
Net proceeds from equity offerings 0 168,880 160,915
Notes payable repayments, including penalties for early extinguishment (96,521) (193,799) (197,414)
Net proceeds from exercise of share options 1,292 3,963 45
Net cash provided by and (used in) financing activities (244,955) 66,781 (90,763)
Net increase (decrease) in cash and cash equivalents (66,002) 67,564 (671)
Cash and cash equivalents at beginning of year 78,767 11,203 11,874
Cash and cash equivalents at end of period 12,765 78,767 11,203
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized $ 63,916 $ 60,622 $ 69,292
[1] See note 3 to the consolidated financial statements for the supplemental disclosure of non-cash investing and financing activities, including the assumption of mortgage debt in conjunction with some of our real estate acquisitions.