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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flow from operating activities:    
Net income $ 34,628 $ 36,095
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 42,993 42,608
Stock-based compensation 18 2,917
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 1,519 937
Loss on debt extinguishment 16,568 0
Equity in net income of joint ventures (2,171) (1,043)
Reserve of preferred equity interests, net 18,057 1,099
Operating cash distributions from joint ventures 2,121 2,336
Gain on sale of joint venture interest (45,681) 0
Gain on disposition of real estate, net (773) (16,377)
Impairment charges 0 620
Assumption of buildings due to ground lease termination (3,025) 0
Change in notes receivable accrued interest 664 266
Net change in accounts receivable 4,177 4,018
Net change in accounts payable and accrued expenses (19,292) (19,132)
Net change in other operating assets and liabilities (13,953) (12,081)
Total adjustments 1,222 6,168
Net cash flow provided by operating activities 35,850 42,263
Cash flow from investing activities:    
Real estate developed and improvements to operating real estate (23,022) (18,153)
Proceeds from disposition of real estate 1,060 70,038
Proceeds from sale of joint venture interest 140,519 0
Equity contributions to joint ventures (86) (47)
Distributions from unconsolidated joint ventures 3,168 11,928
Repayment of joint venture advances, net 0 12,687
Repayment of notes receivable 7,500 0
Net transactions with RVI 0 7
Net cash flow provided by investing activities 129,139 76,460
Cash flow from financing activities:    
Proceeds from (Repayment of) revolving credit facilities, net 640,000 (60,000)
Repayment of senior notes, including repayment costs (216,568) 0
Repayment of term loan and mortgage debt (40,436) (526)
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan (948) (627)
Repurchase of common shares (7,500) (14,069)
Distributions to non-controlling interests and redeemable operating partnership units (278) (213)
Dividends paid (44,036) (45,262)
Net cash flow provided by (used for) financing activities 330,234 (120,697)
Effect of foreign exchange rate changes on cash and cash equivalents 8 (3)
Net increase (decrease) in cash, cash equivalents and restricted cash 495,223 (1,974)
Cash, cash equivalents and restricted cash, beginning of period 19,133 13,650
Cash, cash equivalents and restricted cash, end of period $ 514,364 $ 11,673