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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 284,855 $ 271,940 $ 246,283
Adjustments to net income:      
Depreciation and amortization 409,215 374,661 306,769
Income from discontinued operations   (2,800) (65,670)
Amortization of share-based compensation 10,391 11,959 20,785
Non-cash rental adjustments (8,607) (6,848) (5,554)
Amortization of net premiums on mortgages payable (7,482) (12,891) (9,481)
Amortization of deferred financing costs 9,044 8,335 9,364
Loss (gain) on interest rate swaps 3,043 1,349 (878)
Gain on sales of real estate (22,243) (39,205)  
Provisions for impairment on real estate 10,560 4,126 290
Change in assets and liabilities      
Accounts receivable and other assets (2,641) (3,064) (2,116)
Accounts payable, accrued expenses and other liabilities 6,168 20,130 19,114
Net cash provided by operating activities 692,303 627,692 518,906
CASH FLOWS FROM INVESTING ACTIVITIES      
Investment in real estate (1,266,885) (1,228,243) (1,429,483)
Improvements to real estate, including leasing costs (11,541) (6,032) (8,507)
Proceeds from sales of real estate:      
Continuing operations 65,817 88,688 8
Discontinued operations   6,918 126,785
Collection (issuance) of loans receivable   350 (10,656)
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions 33,554 (36,540) (10,158)
Net cash used in investing activities (1,179,055) (1,174,859) (1,332,011)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash distributions to common stockholders (533,238) (479,256) (409,222)
Cash dividends to preferred stockholders (27,080) (38,300) (41,930)
Borrowings on line of credit 1,448,000 1,672,321 2,624,700
Payments on line of credit (1,433,000) (1,577,321) (2,654,700)
Proceeds from notes and bonds payable issued   598,594 750,000
Principal payments on notes payable (150,000)   (100,000)
Principal payments on mortgages payable (198,353) (85,208) (32,603)
Proceeds from term loans 250,000   70,000
Repayment of American Realty Capital Trust, Inc., or ARCT, line of credit     (317,207)
Repayment of ARCT term loan     (235,000)
Proceeds from common stock offerings, net 793,559 528,615 1,133,574
Redemption of preferred units (6,750)    
Redemption of preferred stock   (220,000)  
Distributions to noncontrolling interests (1,679) (1,844) (1,216)
Debt issuance costs (10,259) (5,505) (10,666)
Proceeds from dividend reinvestment and stock purchase plan 363,029 158,462 55,806
Proceeds from At-the-Market (ATM) program 36,348    
Other items, including shares withheld upon vesting (7,383) (9,796) (13,422)
Net cash provided by financing activities 523,194 540,762 818,114
Net increase (decrease) in cash and cash equivalents 36,442 (6,405) 5,009
Cash and cash equivalents, beginning of period 3,852 10,257 5,248
Cash and cash equivalents, end of period $ 40,294 $ 3,852 $ 10,257