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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income $ 84,290 $ 117,253 $ 118,253
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 181,588 168,508 160,710
Amortization of non-cash items within interest expense 7,328 7,215 1,039
Amortization of acquired above and below-market leases, net (7,311) (6,120) (5,721)
Amortization of acquired below-market ground leases 7,831 7,831 7,831
Straight-lining of rental revenue (20,057) (22,107) (26,544)
Equity based compensation 20,857 18,785 14,100
Settlement of derivative contract (11,802) 0 (15,695)
Loss on early extinguishment of debt 0 0 2,157
Increase (decrease) in cash flows due to changes in operating assets and liabilities:      
Security deposits (27,243) 10,717 (97)
Tenant and other receivables 4,015 (1,275) (5,787)
Deferred leasing costs (30,895) (26,899) (31,743)
Prepaid expenses and other assets (3,643) (781) (7,893)
Accounts payable and accrued expenses 427 1,993 (25,103)
Deferred revenue and other liabilities 27,206 3,902 8,695
Net cash provided by operating activities 232,591 279,022 194,202
Cash Flows From Investing Activities      
Short-term investments 400,000    
Short-term investments   (400,000) 0
Additions to building and improvements (250,254) (243,022) (222,979)
Development costs (2) (1) (34)
Net cash provided by (used in) investing activities 149,744 (643,023) (223,013)
Cash Flows From Financing Activities      
Proceeds from mortgage notes payable 0 160,000 315,000
Repayment of mortgage notes payable (3,790) (266,613) (346,615)
Proceeds from senior unsecured notes 0 335,000 115,000
Repayment of senior unsecured notes (250,000) 0 0
Repayment of unsecured term loan 0 0 (265,000)
Proceeds from unsecured revolving credit and term loan facility 0 0 265,000
Deferred financing costs 0 (1,980) (13,299)
Net proceeds from the sale of common stock 0 4,749 0
Private perpetual preferred unit distributions (1,743) (936) (936)
Dividends paid to common stockholders (75,192) (70,854) (66,789)
Distributions paid to noncontrolling interests in the operating partnership (50,826) (54,749) (59,238)
Net cash (used in) provided by financing activities (381,551) 104,617 (56,877)
Net increase (decrease) in cash and cash equivalents and restricted cash 784 (259,384) (85,688)
Cash and cash equivalents and restricted cash—beginning of period 270,813 530,197 615,885
Cash and cash equivalents and restricted cash—end of period 271,597 270,813 530,197
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 204,981 464,344 554,371
Restricted cash at beginning of period 65,832 65,853 61,514
Cash and cash equivalents and restricted cash—end of period 233,946 204,981 464,344
Restricted cash at end of period 37,651 65,832 65,853
Cash and cash equivalents and restricted cash 271,597 530,197 615,885
Supplemental disclosures of cash flow information:      
Cash paid for interest 76,333 74,160 66,911
Interest capitalized 1,433 1,596 459
Cash paid for income taxes 1,766 4,847 5,783
Non-cash investing and financing activities:      
Building and improvements included in accounts payable and accrued expenses 90,910 85,242 71,769
Write-off of fully depreciated assets 30,977 39,665 19,136
Conversion of operating partnership units and Class B shares to Class A shares 27,495 70,779 23,435
Issuance of Series 2019 private perpetual preferred in exchange for common units 21,147 $ 0 $ 0
Right of use assets 29,452    
Ground lease liabilities $ 29,452