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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 62,327 $ 57,371
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 41 26
Depreciation and amortization 140,605 142,326
Amortization of deferred financing costs and premium on notes payable (130) (272)
Equity-classified stock-based compensation expense, net of forfeitures 5,292 4,487
Effect of non-cash adjustments to rental revenues (17,961) (18,378)
Income from unconsolidated joint ventures (6,404) (3,698)
Operating distributions from unconsolidated joint ventures 3,161 7,677
Loss on extinguishment of debt 100 0
Changes in other operating assets and liabilities:    
Change in receivables and other assets, net (2,463) (3,383)
Change in operating liabilities, net (26,879) (18,427)
Net cash provided by operating activities 157,689 167,690
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales, net 0 127,023
Proceeds from sale of interest in unconsolidated joint ventures, net 0 43
Property acquisition, development, and tenant asset expenditures (172,206) (116,009)
Return of capital distributions from unconsolidated joint venture 10,752 25,955
Contributions to unconsolidated joint ventures (31,892) (656)
Net cash provided by (used in) investing activities (193,346) 36,356
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 269,500 192,000
Repayment of credit facility (192,000) (392,400)
Repayment of notes payable (8,436) (8,102)
Common stock issued under the ATM 101,668 0
Payment of deferred financing costs (5,299) (3,014)
Contributions from nonredeemable noncontrolling interests 2,520 3,382
Distributions to nonredeemable noncontrolling interests (92) (353)
Common dividends paid (93,697) (90,649)
Purchase of partners' interest in consolidated joint venture (43,387) 0
Issuance of term loan 0 350,000
Repayment of term loan 0 (250,000)
Net cash provided by (used in) financing activities 30,777 (199,136)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (4,880) 4,910
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 10,168 6,138
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 5,288 $ 11,048