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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,652 $ 39,340
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 29,653 25,087
Amortization of financing costs 2,395 2,897
Gain on sale of property (8,585) (32,498)
Gain on debt extinguishment 0 (1,268)
Impairment of asset 0 6,925
Share compensation expense 2,986 3,390
Equity in (earnings) of unconsolidated affiliates (1,997) (3,025)
Distributions of operating income from unconsolidated affiliates 4,087 5,213
Other, net 336 1,970
Changes in assets and liabilities    
Cash in escrow 1,939 735
Rents receivable, net (5,639) (6,974)
Prepaid expenses and other assets (7,625) (4,039)
Accounts payable and accrued expenses (3,013) 4,133
Other liabilities 739 (2,749)
Net cash provided by operating activities 35,928 39,137
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (137,208) (90,615)
Redevelopment and property improvement costs (55,817) (45,094)
Deferred leasing costs (3,397) (4,291)
Investments in and advances to unconsolidated affiliates (19,356) (46,544)
Return of capital from unconsolidated affiliates 13,497 3,735
Proceeds from notes receivable 2,005 48,182
Issuance of notes receivable (34,500) (7,834)
Proceeds from sale of property 44,703 43,791
Net cash used in investing activities (190,073) (98,670)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (189,747) (66,751)
Proceeds received from mortgage notes 214,276 108,802
Purchase of convertible notes payable 0 (21,994)
Increase in deferred financing and other costs (6,684) (2,835)
Capital contributions from noncontrolling interests 122,309 43,646
Distributions to noncontrolling interests (63,463) (1,478)
Dividends paid to Common Shareholders (23,671) (21,773)
Proceeds from stock offering, net of issuance costs of $400 96,540 0
Other employee and trustee stock compensation, net 70 (649)
Net cash provided by financing activities 149,630 36,968
(Decrease) in cash and cash equivalents (4,515) (22,565)
Cash and cash equivalents, beginning of period 89,812 120,592
Cash and cash equivalents, end of period 85,297 98,027
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $4,515 and $3,613, respectively 24,528 22,006
Cash paid for income taxes 941 3,721
Supplemental disclosure of non-cash investing activities:    
Acquisition of real estate through assumption of debt 59,335 0
Acquisition of real estate through issuance of OP Units 2,279 0
Acquisition of real estate through conversion of note receivable $ 14,000 $ 0