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Condensed 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 $ 93,104 $ 9,601
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization, including discontinued operations 50,304 46,593
Gain on acquisition of controlling interest in joint ventures (40,191) 0
Gain on sale of discontinued operations, net of tax (32,541) 0
Gain on sale of unconsolidated joint venture interests 0 (1,136)
Gain on sale of available-for sale investment 0 (4,301)
Distributions of income from joint ventures 1,024 1,321
Equity in income of joint ventures (366) [1] (374) [1]
Share-based compensation 3,005 2,777
Amortization of deferred financing costs 912 1,527
Net change in operating accounts and other 528 (1,601)
Net cash from operating activities 75,779 54,407
Cash flows from investing activities    
Development and capital improvements (60,269) (23,141)
Acquisition of joint venture interests, net of cash acquired (96,106) 0
Proceeds from sale of discontinued operations 54,125 0
Proceeds from sale of joint venture interests 0 19,310
Proceeds from sale of available-for-sale investment 0 4,510
Decrease in notes receivable - affiliates 0 3,279
Investments in joint ventures (5,656) (12,320)
Distributions of investments from joint ventures 2,620 1,208
Other (183) (622)
Net cash from investing activities (105,469) (7,776)
Cash flows from financing activities    
Borrowings on unsecured line of credit 43,000 0
Repayments on unsecured line of credit (43,000) 0
Repayment of notes payable (273,809) (89,128)
Proceeds from issuance of common shares 435,911 3,795
Redemption of perpetual preferred units (100,000) 0
Distributions to common shareholders, perpetual preferred units and noncontrolling interests (41,264) (35,300)
Payment of deferred financing costs (222) (1,001)
Net decrease in accounts receivable - affiliates 1,294 1,922
Other 2,323 1,277
Net cash from financing activities 24,233 (118,435)
Net decrease in cash and cash equivalents (5,457) (71,804)
Cash and cash equivalents, beginning of period 55,159 170,575
Cash and cash equivalents, end of period 49,702 98,771
Supplemental information    
Cash paid for interest, net of interest capitalized 8,633 19,352
Cash paid for income taxes 12 541
Distributions declared but not paid 47,594 38,662
Value of shares issued under benefit plans, net of cancellations 20,055 18,146
Conversion of operating partnership units to common shares 448 4
Accrual associated with construction and capital expenditures 12,504 4,987
Acquisition of joint venture interests, net of cash acquired, at fair value:    
Assets acquired 399,306 0
Mortgage debt assumed 272,606 0
Other liabilities assumed $ 4,621 $ 0
[1] Equity in income excludes our ownership interest of fee income from various property management services provided by us to our joint ventures.