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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 41,073 $ 64,433
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 57,396 53,470
Gain on sale of discontinued operations, net of tax 0 (31,783)
Gain on sale of land (354) (698)
Distributions of income from joint ventures 3,873 1,299
Equity in income of joint ventures (4,290) [1] (934) [1]
Share-based compensation 3,626 3,274
Amortization of deferred financing costs 841 916
Net change in operating accounts and other (8,146) (5,107)
Net cash from operating activities 94,019 84,870
Cash flows from investing activities    
Development and capital improvements (110,085) (58,390)
Proceeds from sale of land and discontinued operations 5,749 68,237
Distributions from investments in joint ventures 5,853 276
Increase in non-real estate assets (1,586) (1,085)
Other 843 (959)
Net cash from investing activities (99,226) 8,079
Cash flows from financing activities    
Borrowings on unsecured line of credit and other short-term borrowings 310,000 0
Repayments on unsecured line of credit and other short-term borrowings (250,000) 0
Repayment of notes payable (1,087) (27,122)
Distributions to common shareholders and non-controlling interests (56,787) (49,941)
Proceeds from issuance of common shares 0 9,366
Payment of deferred financing costs (205) (306)
Net decrease in accounts receivable – affiliates 1,579 6,677
Other 681 1,350
Net cash from financing activities 4,181 (59,976)
Net (decrease) increase in cash and cash equivalents (1,026) 32,973
Cash and cash equivalents, beginning of period 17,794 26,669
Cash and cash equivalents, end of period 16,768 59,642
Supplemental information    
Cash paid for interest, net of interest capitalized 5,307 7,160
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 59,728 56,559
Value of shares issued under benefit plans, net of cancellations 18,502 22,811
Net change in redemption of non-qualified share awards 10,694 0
Accrual associated with construction and capital expenditures $ 22,111 $ 9,118
[1] Equity in income excludes our ownership interest of fee income from various property management services provided by us to the funds.