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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,999 $ 34,693
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 19,288 16,689
Amortization of financing costs 1,502 1,817
Gain on sale of property (2,668) (32,498)
Gain on debt extinguishment 0 (1,571)
Impairment of asset 0 6,925
Non-cash accretion of notes receivable (228) (504)
Share compensation expense 1,958 2,304
Equity in (earnings) losses of unconsolidated affiliates (4,535) 85
Distributions of operating income from unconsolidated affiliates 5,559 806
Other, net 653 1,497
Changes in assets and liabilities    
Cash in escrow 1,279 (2,543)
Rents receivable, net (2,546) (4,252)
Prepaid expenses and other assets (2,860) (1,223)
Accounts payable and accrued expenses 692 1,077
Other liabilities 1,018 (3,053)
Net cash provided by operating activities 33,111 20,249
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (111,115) (64,815)
Redevelopment and property improvement costs (41,705) (27,103)
Deferred acquisition and leasing costs (2,591) (2,554)
Investments in and advances to unconsolidated affiliates (3,458) (41,572)
Return of capital from unconsolidated affiliates 11,686 3,141
Repayments of notes receivable 2,004 47,932
Issuance of notes receivable (34,500) (3,834)
Proceeds from sale of property 12,060 43,791
Net cash used in investing activities (167,619) (45,014)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (72,477) (24,260)
Proceeds received from mortgage notes 79,628 51,223
Increase in deferred financing and other costs (3,586) (1,268)
Capital contributions from noncontrolling interests 108,081 43,646
Distributions to noncontrolling interests (45,752) (1,123)
Dividends paid to Common Shareholders (15,473) (14,513)
Proceeds from stock offering, net of issuance costs of $338 60,717 0
Repurchase and cancellation of Common Shares (150) (725)
Common Shares issued under Employee Share Purchase Plan 40 45
Exercise of options to purchase Common Shares 131 7
Net cash provided by financing activities 111,159 53,032
Decrease (increase) in cash and cash equivalents (23,349) 28,267
Cash and cash equivalents, beginning of period 89,812 120,592
Cash and cash equivalents, end of period 66,463 148,859
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $1,907 and $2,464, respectively 15,709 16,683
Cash paid for income taxes 508 3,701
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 $ 4,000 $ 0