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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 364,933 $ 306,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 437,185 453,767
Amortization of deferred financing costs 3,996 4,201
Amortization of discounts and premiums on debt 1,740 2,891
Amortization of deferred settlements on derivative instruments 2,195 4,875
Amortization of right-of-use assets 6,357 6,103
Write-off of pursuit costs 1,993 2,515
(Income) loss from investments in unconsolidated entities 2,605 2,429
Distributions from unconsolidated entities – return on capital 290 164
Net (gain) loss on sales of real estate properties (100,122) (107,795)
Realized (gain) loss on sale of investment securities 87 (2,064)
Compensation paid with Company Common Shares 20,845 18,600
Changes in assets and liabilities:    
(Increase) decrease in other assets (13,258) (2,096)
Increase (decrease) in accounts payable and accrued expenses 25,424 22,615
Increase (decrease) in accrued interest payable (72) (473)
Increase (decrease) in lease liabilities (658) (817)
Increase (decrease) in other liabilities (8,047) (23,985)
Increase (decrease) in security deposits 487 3,468
Net cash provided by operating activities 745,980 690,874
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (186,676) (113,046)
Investment in real estate – development/other (46,815) (55,491)
Capital expenditures to real estate (135,247) (83,304)
Non-real estate capital additions (1,043) (981)
Interest capitalized for real estate and unconsolidated entities under development (6,979) (2,267)
Proceeds from disposition of real estate, net 133,916 255,922
Investments in unconsolidated entities - acquisitions (989)  
Investments in unconsolidated entities - development/other (25,413) (48,577)
Distributions from unconsolidated entities – return of capital 15 9
Purchase of investment securities and other investments (2,500) (1,034)
Proceeds from sale of investment securities 452 3,434
Net cash provided by (used for) investing activities (271,279) (45,335)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs   (228)
Mortgage notes payable, net:    
Proceeds 22,896 14,586
Lump sum payoffs (64,722) (260,874)
Scheduled principal repayments (54) (2,985)
Line of credit and commercial paper:    
Commercial paper proceeds 2,382,619 2,836,037
Commercial paper repayments (2,328,100) (2,966,121)
Finance ground lease principal payments (1,329) (1,229)
Proceeds from Employee Share Purchase Plan (ESPP) 2,124 2,378
Proceeds from exercise of options 11,358 18,928
Payment of offering costs   (487)
Other financing activities, net (31) (31)
Acquisition of Noncontrolling Interests – Partially Owned Properties (3,737) (32,178)
Contributions – Noncontrolling Interests – Partially Owned Properties 9 603
Contributions – Noncontrolling Interests – Operating Partnership 1 1
Distributions:    
Common Shares (487,483) (461,605)
Preferred Shares (2,319) (1,545)
Noncontrolling Interests – Operating Partnership (15,233) (15,142)
Noncontrolling Interests – Partially Owned Properties (3,230) (17,232)
Net cash provided by (used for) financing activities (487,231) (887,124)
Net increase (decrease) in cash and cash equivalents and restricted deposits (12,530) (241,585)
Cash and cash equivalents and restricted deposits, beginning of period 137,172 360,236
Cash and cash equivalents and restricted deposits, end of period 124,642 118,651
Cash and cash equivalents 35,701 45,010
Restricted deposits 88,941 73,641
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 125,518 136,787
Net cash paid (received) for income and other taxes 911 687
Amortization of deferred financing costs:    
Investment in real estate, net (211) (253)
Other assets 1,392 1,170
Mortgage notes payable, net 895 1,159
Notes, net 1,920 2,125
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 616 1,545
Notes, net 1,124 1,346
Amortization of deferred settlements on derivative instruments:    
Other liabilities (6) (6)
Accumulated other comprehensive income 2,201 4,881
Write-off of pursuit costs:    
Investment in real estate, net 316 761
Investments in unconsolidated entities 1,111 1,637
Other assets 566 117
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities 1,972 1,797
Other liabilities 633 632
Realized/unrealized (gain) loss on derivative instruments:    
Other assets (3,359)  
Other liabilities (695) 1,259
Accumulated other comprehensive income 4,054 (1,259)
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (2,988) (675)
Investments in unconsolidated entities (3,991) (1,592)
Investments in unconsolidated entities - development/other:    
Investments in unconsolidated entities (24,633) (47,887)
Other liabilities (780) (690)
Debt financing costs:    
Mortgage notes payable, net   (228)
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets (7,105) (224)
Lease liabilities 7,105 224
Non Cash Share Distribution From Unconsolidated Entities [Abstract]    
Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities 539 4,048
Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets $ (539) $ (4,048)