Supplemental Disclosures of Cash Flow Information

3 Months Ended

Mar. 31, 2017

Supplemental Disclosures of Cash Flow Information

Supplemental Disclosures of Cash Flow Information

17.       Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $75.6 million in the first three months of 2017 and $84.1 million in the first three months of 2016.

Interest capitalized to properties under development was $190,000 in the first three months of 2017 and $126,000 the first three months of 2016.

Cash paid for income taxes was $2.5 million in the first three months of 2017 and $1.6 million the first three months of 2016.

The following non-cash activities are included in the accompanying consolidated financial statements:

A.During the first three months of 2017, we removed the net book value of two damaged buildings from our consolidated balance sheet, and recorded net receivables of  $10.6 million in anticipation of receiving insurance proceeds for these properties.

B.During the first three months of 2016, we assumed mortgages payable to third-party lenders of $32.5 million, and recorded $692,000 of net premiums.