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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 143,096 $ 111,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of investment in unconsolidated joint ventures (56,260) (13,160)
Loss (gain) on investment property transactions 61 (13,037)
Depreciation and amortization 219,721 214,399
Amortization of deferred financing costs and premium on notes payable (317) (356)
Equity-classified stock-based compensation expense, net of forfeitures 7,526 5,959
Effect of non-cash adjustments to rental revenues (29,524) (27,838)
Income from unconsolidated joint ventures (7,038) (5,826)
Operating distributions from unconsolidated joint ventures 4,584 9,085
Loss on extinguishment of debt 100 0
Changes in other operating assets and liabilities:    
Change in receivables and other assets, net 487 3,178
Change in operating liabilities, net (10,088) 14,676
Net cash provided by operating activities 272,348 298,587
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales, net 0 389,777
Proceeds from sale of interest in unconsolidated joint ventures, net 38,831 67,143
Property acquisition, development, and tenant asset expenditures (262,822) (488,243)
Return of capital distributions from unconsolidated joint venture 10,752 25,955
Contributions to unconsolidated joint ventures (35,193) (46,038)
Net cash used in investing activities (248,432) (51,406)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 340,000 329,000
Repayment of credit facility (267,300) (527,400)
Repayment of notes payable (12,719) (12,214)
Common stock issued under the ATM 103,120 0
Payment of deferred financing costs (5,299) (3,014)
Contributions from nonredeemable noncontrolling interests 2,164 5,017
Distributions to nonredeemable noncontrolling interests (107) (1,197)
Common dividends paid (143,818) (136,743)
Acquisition of partner's noncontrolling interest (43,387) 0
Issuance of term loans 0 350,000
Repayment of term loans 0 (250,000)
Net cash used in financing activities (27,346) (246,551)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (3,430) 630
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 10,168 6,138
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 6,738 $ 6,768