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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 36,005 $ 16,406
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on sale of investment properties (13,111) 372
Depreciation and amortization 45,861 45,093
Amortization of deferred financing costs and premium/discount on notes payable 615 552
Stock-based compensation expense, net of forfeitures 607 542
Effect of non-cash adjustments to revenues (11,933) (9,996)
Income from unconsolidated joint ventures (2,904) (2,885)
Operating distributions from unconsolidated joint ventures 2,536 2,564
Loss on extinguishment of debt 0 85
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (1,720) (7,094)
Change in operating liabilities, net (11,455) (24,733)
Net cash provided by operating activities 44,501 20,906
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 57,676 0
Property acquisition, development, and tenant asset expenditures (122,785) (60,175)
Investment in unconsolidated joint ventures (5,566) (21,613)
Distributions from unconsolidated joint ventures 0 242
Change in notes receivable and other assets (23) (795)
Other 0 (472)
Net cash used in investing activities (70,698) (82,813)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 160,000 0
Repayment of credit facility (103,600) 0
Repayment of notes payable (2,710) (2,161)
Payment of deferred financing costs 0 (6,013)
Contributions from nonredeemable noncontrolling interests 2,581 0
Distributions to nonredeemable noncontrolling interests (724) (399)
Common dividends paid (27,326) (25,169)
Other (1,093) (759)
Net cash provided by (used in) financing activities 27,128 (34,501)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 931 (96,408)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 2,695 205,745
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 3,626 $ 109,337