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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 29,933 $ 20,652
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 32,054 29,653
Amortization of financing costs 2,801 2,395
Gain on sale of property (4,191) (8,585)
Impairment of asset 1,500 0
Share-based compensation expense 4,590 3,056
Equity in earnings of unconsolidated affiliates (7,274) (1,997)
Distributions of operating income from unconsolidated affiliates 4,644 4,087
Other, net (3,598) 336
Changes in assets and liabilities    
Cash in escrow (3,378) 1,939
Rents receivable, net (4,315) (5,639)
Prepaid expenses and other assets (19,894) (7,625)
Accounts payable and accrued expenses 5,845 (3,013)
Other liabilities 2,904 739
Net cash provided by operating activities 41,621 35,998
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (140,075) (137,208)
Redevelopment and property improvement costs (79,549) (55,817)
Deferred leasing costs (4,226) (3,397)
Investments in and advances to unconsolidated affiliates (54,207) (19,356)
Return of capital from unconsolidated affiliates 88,403 13,497
Consolidation of previously unconsolidated investment 1,864 0
Proceeds from notes receivable 15,779 2,005
Issuance of notes receivable 0 (34,500)
Proceeds from sale of properties, net 11,815 44,703
Net cash used in investing activities (160,196) (190,073)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (140,037) (189,747)
Proceeds received from mortgage notes 360,943 214,276
Loan proceeds held as restricted cash (134,392) 0
Purchase of convertible notes payable (550) 0
Deferred financing and other costs (11,018) (6,684)
Capital contributions from noncontrolling interests 27,515 122,309
Distributions to noncontrolling interests (30,572) (63,463)
Dividends paid to Common Shareholders (32,471) (23,671)
Proceeds from issuance of Common Shares, net of issuance costs of $1,430 and $2,000, respectively 75,765 96,540
Net cash provided by financing activities 115,183 149,560
Decrease in cash and cash equivalents (3,392) (4,515)
Cash and cash equivalents, beginning of period 91,813 89,812
Cash and cash equivalents, end of period 88,421 85,297
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $6,429 and $4,515, respectively 29,758 24,528
Cash paid for income taxes 281 941
Supplemental disclosure of non-cash investing activities:    
Acquisition of real estate through assumption of debt 0 59,335
Acquisition of real estate through issuance of OP Units 0 2,279
Acquisition of real estate through conversion of notes receivable 18,500 14,000
Consolidation of previously unconsolidated investment    
Real estate, net (118,484) 0
Mortgage notes payable 166,200 0
Distributions in excess of income from, and investments in, unconsolidated affiliates (10,298) 0
Other assets and liabilities (1,605) 0
Noncontrolling interest (33,949) 0
Cash included in consolidation of previously unconsolidated investment $ 1,864 $ 0