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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
3 Months Ended
Mar. 31, 2023
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income $ 220,071
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation 215,830
Amortization of deferred financing costs 1,979
Amortization of discounts and premiums on debt 868
Amortization of deferred settlements on derivative instruments 1,092
Amortization of right-of-use assets 3,150
Write-off of pursuit costs 1,332
(Income) loss from investments in unconsolidated entities 1,382
Distributions from unconsolidated entities – return on capital 151
Net (gain) loss on sales of real estate properties (100,209)
Realized (gain) loss on sale of investment securities 87
Compensation paid with Company Common Shares 9,044
Changes in assets and liabilities:  
(Increase) decrease in other assets 26,257
Increase (decrease) in accounts payable and accrued expenses 45,357
Increase (decrease) in accrued interest payable (16,534)
Increase (decrease) in lease liabilities (334)
Increase (decrease) in other liabilities (16,032)
Increase (decrease) in security deposits (212)
Net cash provided by operating activities 393,279
CASH FLOWS FROM INVESTING ACTIVITIES:  
Investment in real estate – development/other (16,786)
Capital expenditures to real estate (55,392)
Non-real estate capital additions (600)
Interest capitalized for real estate and unconsolidated entities under development (3,393)
Proceeds from disposition of real estate, net 133,916
Investments in unconsolidated entities - development/other (14,480)
Distributions from unconsolidated entities – return of capital 6
Proceeds from sale of investment securities 452
Net cash provided by (used for) investing activities 43,723
Mortgage notes payable, net:  
Proceeds 14,090
Scheduled principal repayments (40)
Line of credit and commercial paper:  
Commercial paper proceeds 1,323,145
Commercial paper repayments (1,453,100)
Finance ground lease principal payments (665)
Proceeds from Employee Share Purchase Plan (ESPP) 1,452
Proceeds from exercise of options 8,112
Distributions:  
Common Shares (236,561)
Preferred Shares (1,544)
Noncontrolling Interests – Operating Partnership (7,380)
Noncontrolling Interests – Partially Owned Properties (2,598)
Net cash provided by (used for) financing activities (355,089)
Net increase (decrease) in cash and cash equivalents and restricted deposits 81,913
Cash and cash equivalents and restricted deposits, beginning of period 137,172
Cash and cash equivalents and restricted deposits, end of period 219,085
Cash and cash equivalents 133,460
Restricted deposits 85,625
SUPPLEMENTAL INFORMATION:  
Cash paid for interest, net of amounts capitalized 79,693
Net cash paid (received) for income and other taxes 348
Amortization of deferred financing costs:  
Investment in real estate, net (127)
Other assets 697
Mortgage notes payable, net 449
Notes, net 960
Amortization of discounts and premiums on debt:  
Mortgage notes payable, net 306
Notes, net 562
Amortization of deferred settlements on derivative instruments:  
Other liabilities (3)
Accumulated other comprehensive income 1,095
Write-off of pursuit costs:  
Investment in real estate, net 225
Investments in unconsolidated entities 649
Other assets 458
(Income) loss from investments in unconsolidated entities:  
Investments in unconsolidated entities 1,071
Other liabilities 311
Realized/unrealized (gain) loss on derivative instruments:  
Other assets 7,410
Other liabilities 2,370
Accumulated other comprehensive income (9,780)
Interest capitalized for real estate and unconsolidated entities under development:  
Investment in real estate, net (1,422)
Investments in unconsolidated entities (1,971)
Investments in unconsolidated entities - development/other:  
Investments in unconsolidated entities (13,700)
Other liabilities (780)
Right-of-use assets and lease liabilities initial measurement and reclassifications:  
Right-of-use assets (7,105)
Lease liabilities 7,105
Non Cash Share Distribution From Unconsolidated Entities [Abstract]  
Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities 539
Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets $ (539)