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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 245,085 $ 199,159
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 159,656 145,137
Gain on sale of real estate and change in control of interests, net (69,949) (32,458)
Loss (income) from real estate partnerships 296 (41)
Other, net (4,821) 556
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable, net (1,565) (3,604)
Increase in prepaid expenses and other assets (5,819) (25,769)
Increase in accounts payable and accrued expenses 13,617 11,164
Increase (decrease) in security deposits and other liabilities 3,138 (736)
Net cash provided by operating activities 339,638 293,408
INVESTING ACTIVITIES    
Acquisition of real estate (436,652) (135,151)
Capital expenditures - development and redevelopment (335,666) (263,606)
Capital expenditures - other (52,875) (40,326)
Proceeds from sale of real estate and real estate partnership interests 127,538 0
Investment in real estate partnerships (502) (3,494)
Distribution from real estate partnership in excess of earnings 1,672 3,910
Leasing costs (11,295) (11,471)
(Issuance) repayment of mortgage and other notes receivable, net (500) 11,721
Net cash used in investing activities (708,280) (438,417)
FINANCING ACTIVITIES    
Net borrowings (repayment) under revolving credit facility, net of costs 41,500 (53,500)
Issuance of senior notes, net of costs 399,454 241,787
Repayment of mortgages and capital leases (54,844) (38,849)
Issuance of common shares, net of costs 51,189 300,040
Issuance of preferred shares, net of costs 145,456 0
Dividends paid to common and preferred shareholders (210,845) (197,750)
Shares withheld for employee taxes (4,216) (4,436)
Contributions from noncontrolling interests 13,312 302
Distributions to and redemptions of noncontrolling interests (12,882) (22,350)
Net cash provided by financing activities 368,124 225,244
(Decrease) increase in cash and cash equivalents (518) 80,235
Cash and cash equivalents at beginning of year 23,368 21,046
Cash and cash equivalents at end of period $ 22,850 $ 101,281