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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,823 $ 9,652
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 9,141 8,240
Amortization of financing costs 683 944
Gain on sale of property 0 (3,922)
Gain on debt extinguishment 0 (1,673)
Non-cash accretion of notes receivable (114) (406)
Share compensation expense 970 853
Equity in losses of unconsolidated affiliates 56 148
Distributions of operating income from unconsolidated affiliates 128 0
Other, net 472 1,557
Changes in assets and liabilities    
Cash in escrow 2,268 2,341
Rents receivable, net 168 (2,409)
Prepaid expenses and other assets (3,418) (6,504)
Accounts payable and accrued expenses (2,365) (1,057)
Other liabilities 1,059 (3,006)
Net cash provided by operating activities 11,871 4,758
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (48,689) 0
Redevelopment and property improvement costs (20,081) (13,225)
Deferred acquisition and leasing costs (1,035) (900)
Investments in and advances to unconsolidated affiliates (1,690) (40,618)
Return of capital from unconsolidated affiliates 1,255 689
Repayments of notes receivable 3 874
Issuance of notes receivable (17,080) (3,834)
Proceeds from sale of property 0 7,977
Net cash used in investing activities (87,317) (49,037)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (3,513) (8,411)
Proceeds received from mortgage notes 4,250 48,149
Increase in deferred financing and other costs (570) (512)
Capital contributions from noncontrolling interests 38,578 0
Distributions to noncontrolling interests (3,697) (254)
Dividends paid to Common Shareholders (7,666) (7,256)
Proceeds from stock offering, net of issuance costs of $126 8,029 0
Repurchase and cancellation of Common Shares (150) (725)
Common Shares issued under Employee Share Purchase Plan 20 24
Exercise of options to purchase Common Shares 23 7
Net cash provided by financing activities 35,304 31,022
Decrease in cash and cash equivalents (40,142) (13,257)
Cash and cash equivalents, beginning of period 89,812 120,592
Cash and cash equivalents, end of period 49,670 107,335
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $1,433 and $1,188, respectively 7,700 8,492
Cash paid for income taxes 70 3,343
Supplemental disclosure of non-cash investing activities:    
Acquisition of real estate through assumption of debt 23,062 0
Acquisition of real estate through issuance of OP Units $ 2,279 $ 0