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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 562,804 $ 498,297
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 583,869 542,964
Amortization of deferred financing costs 9,054 6,447
Amortization of above/below market lease intangibles 3,294 2,729
Amortization of discounts and premiums on debt 21,360 2,018
Amortization of deferred settlements on derivative instruments 13,893 14,010
Impairment 702  
Write-off of pursuit costs 3,125 2,329
(Income) loss from investments in unconsolidated entities 2,993 2,153
Distributions from unconsolidated entities – return on capital 1,885 2,031
Net (gain) loss on sales of real estate properties (256,834) (141,761)
Net (gain) loss on sales of land parcels (995) (19,170)
Net (gain) loss on debt extinguishment 22,110 12,258
Compensation paid with Company Common Shares 22,270 19,999
Changes in assets and liabilities:    
(Increase) decrease in other assets (18,550) (23,024)
Increase (decrease) in accounts payable and accrued expenses 58,756 62,635
Increase (decrease) in accrued interest payable 11,097 11,865
Increase (decrease) in other liabilities 1,190 (28,250)
Increase (decrease) in security deposits 2,168 2,606
Net cash provided by operating activities 1,044,191 970,136
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (708,092) (466,395)
Investment in real estate – development/other (101,573) (227,187)
Capital expenditures to real estate (138,119) (143,258)
Non-real estate capital additions (3,155) (776)
Interest capitalized for real estate under development (4,547) (23,164)
Proceeds from disposition of real estate, net 691,526 350,000
Investments in unconsolidated entities (4,860) (5,324)
Distributions from unconsolidated entities – return of capital   329
Net cash provided by (used for) investing activities (268,820) (515,775)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (4,355) (6,272)
Mortgage notes payable, net:    
Lump sum payoffs (847,939) (493,420)
Scheduled principal repayments (4,938) (8,771)
Notes, net:    
Proceeds 497,010 692,466
Lump sum payoffs   (394,077)
Line of credit and commercial paper:    
Line of credit proceeds 1,635,000 1,845,000
Line of credit repayments (1,635,000) (1,845,000)
Commercial paper proceeds 9,624,610 3,891,596
Commercial paper repayments (9,425,000) (3,681,750)
Proceeds from (payments on) settlement of derivative instruments 1,638 1,296
Proceeds from Employee Share Purchase Plan (ESPP) 3,074 2,963
Proceeds from exercise of options 6,000 12,967
Payment of offering costs (27) (36)
Other financing activities, net (48) (40)
Contributions – Noncontrolling Interests – Partially Owned Properties 125 125
Contributions – Noncontrolling Interests – Operating Partnership 1  
Distributions:    
Common Shares (583,184) (554,267)
Preferred Shares (2,318) (2,318)
Noncontrolling Interests – Operating Partnership (21,040) (20,604)
Noncontrolling Interests – Partially Owned Properties (8,882) (6,873)
Net cash provided by (used for) financing activities (787,383) (579,273)
Net increase (decrease) in cash and cash equivalents and restricted deposits (12,012) (124,912)
Cash and cash equivalents and restricted deposits, beginning of period 100,762 219,088
Cash and cash equivalents and restricted deposits, end of period 88,750 94,176
Cash and cash equivalents 32,995 46,565
Restricted deposits 55,755 47,611
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 268,966 257,805
Net cash paid for income and other taxes 934 964
Amortization of deferred financing costs:    
Other assets 1,809 1,810
Mortgage notes payable, net 4,197 1,943
Notes, net 3,048 2,694
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 19,394 247
Notes, net 1,966 1,771
Amortization of deferred settlements on derivative instruments:    
Other liabilities (9) (9)
Accumulated other comprehensive income 13,902 14,019
Write-off of pursuit costs:    
Investment in real estate, net 3,079 2,292
Other assets 13 17
Accounts payable and accrued expenses 33 20
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities 1,973 1,076
Other liabilities 1,020 1,077
Realized/unrealized (gain) loss on derivative instruments:    
Other assets (24,021) (3,803)
Notes, net (1,491) (1,413)
Other liabilities 1,491  
Accumulated other comprehensive income 24,021 5,216
Investments in unconsolidated entities:    
Investments in unconsolidated entities (3,180) (2,324)
Other liabilities (1,680) (3,000)
Mortgage Notes Payable, Net [Member]    
Mortgage notes payable, net:    
Net gain (loss) on debt extinguishment $ (22,110) $ (12,258)