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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 28,163 $ 29,311
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of investment in unconsolidated joint ventures 0 (39)
Loss on investment property transactions 69 17
Depreciation and amortization 70,744 70,870
Amortization of deferred financing costs and premium on notes payable 51 (218)
Equity-classified stock-based compensation expense, net of forfeitures 2,748 1,667
Effect of non-cash adjustments to rental revenues (8,445) (11,777)
Income from unconsolidated joint ventures (1,124) (1,903)
Operating distributions from unconsolidated joint ventures 1,924 2,449
Changes in other operating assets and liabilities:    
Change in receivables and other assets, net (12,029) (8,010)
Change in operating liabilities, net (57,976) (46,590)
Net cash provided by operating activities 24,125 35,777
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales, net 0 (7)
Property acquisition, development, and tenant asset expenditures (77,779) (61,369)
Return of capital distributions from unconsolidated joint venture 0 25,955
Contributions to unconsolidated joint ventures (15,686) (351)
Net cash used in investing activities (93,465) (35,772)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 152,000 134,000
Repayment of credit facility (35,500) (77,400)
Repayment of notes payable (4,197) (4,030)
Contributions from nonredeemable noncontrolling interests 1,279 1,695
Distributions to nonredeemable noncontrolling interests (86) (7)
Common dividends paid (46,093) (44,569)
Net cash provided by financing activities 67,403 9,689
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (1,937) 9,694
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 10,168 6,138
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 8,231 $ 15,832