XML 18 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Real estate investments at cost:    
Notes receivable $ 10,480 $ 10,480
Liabilities:    
Notes payable 1,364,200 1,699,771
Unsecured credit facilities 263,421 164,514
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,600,284 2,082,620
Parent Company [Member]    
Real estate investments at cost:    
Land, including amounts held for future development 1,654,389 1,479,814
Buildings and improvements 3,086,287 2,896,396
Properties in development 157,537 169,690
Gross real estate investments at cost 4,898,213 4,545,900
Less: accumulated depreciation 1,108,221 1,043,787
Total Cost Net of Accumulated Depreciation 3,789,992 3,502,113
Investments in real estate partnerships 274,940 306,206
Net real estate investments 4,064,932 3,808,319
Cash and cash equivalents 40,902 36,856
Restricted cash 4,005 3,767
Accounts receivable, net of allowance for doubtful accounts of $5,690 and $5,295 at September 30, 2016 and December 31, 2015, respectively 24,816 32,292
Straight-line rent receivable, net of reserve of $3,688 and $1,365 at September 30, 2016 and December 31, 2015, respectively 67,931 63,392
Notes receivable 10,480 10,480
Deferred Costs, Leasing, Net 68,455 66,367
Acquired lease intangible assets, less accumulated amortization of $53,878 and $45,639 at September 30, 2016 and December 31, 2015, respectively 122,738 105,380
Trading securities held in trust, at fair value 29,280 29,093
Other assets 24,749 26,935
Total assets 4,458,288 4,182,881
Liabilities:    
Notes payable 1,364,200 1,699,771
Unsecured credit facilities 263,421 164,514
Accounts payable and other liabilities 145,689 164,515
Acquired lease intangible liabilities, less accumulated accretion of $22,067 and $17,555 at September 30, 2016 and December 31, 2015, respectively 56,455 42,034
Tenants’ security, escrow deposits and prepaid rent 28,239 29,427
Total liabilities 1,858,004 2,100,261
Commitments and contingencies (note 11)
Stockholders’ equity/Partners' capital:    
Preferred stock, $0.01 par value per share, 30,000,000 shares authorized; 13,000,000 Series 6 and 7 shares issued and outstanding at September 30, 2016 and December 31, 2015, with liquidation preferences of $25 per share 325,000 325,000
Common stock, $0.01 par value per share,150,000,000 shares authorized; 104,492,738 and 97,212,638 shares issued at September 30, 2016 and December 31, 2015, respectively 1,045 972
Treasury stock at cost, 345,359 and 417,862 shares held at September 30, 2016 and December 31, 2015, respectively (16,882) (19,658)
Additional paid in capital 3,291,602 2,742,508
Accumulated other comprehensive loss (35,739) (58,693)
Distributions in excess of net income (997,881) (936,020)
Total stockholders’ equity 2,567,145 2,054,109
Noncontrolling interests:    
Exchangeable operating partnership units, aggregate redemption value of $11,947 and $10,502 at September 30, 2016 and December 31, 2015, respectively (2,006) (1,975)
Limited partners’ interests in consolidated partnerships 35,145 30,486
Stockholders' Equity Attributable to Noncontrolling Interest 33,139 28,511
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,600,284 2,082,620
Total liabilities and equity 4,458,288 4,182,881
Partnership Interest [Member]    
Real estate investments at cost:    
Land, including amounts held for future development 1,654,389 1,479,814
Buildings and improvements 3,086,287 2,896,396
Properties in development 157,537 169,690
Gross real estate investments at cost 4,898,213 4,545,900
Less: accumulated depreciation 1,108,221 1,043,787
Total Cost Net of Accumulated Depreciation 3,789,992 3,502,113
Investments in real estate partnerships 274,940 306,206
Net real estate investments 4,064,932 3,808,319
Cash and cash equivalents 40,902 36,856
Restricted cash 4,005 3,767
Accounts receivable, net of allowance for doubtful accounts of $5,690 and $5,295 at September 30, 2016 and December 31, 2015, respectively 24,816 32,292
Straight-line rent receivable, net of reserve of $3,688 and $1,365 at September 30, 2016 and December 31, 2015, respectively 67,931 63,392
Notes receivable 10,480 10,480
Deferred Costs, Leasing, Net 68,455 66,367
Acquired lease intangible assets, less accumulated amortization of $53,878 and $45,639 at September 30, 2016 and December 31, 2015, respectively 122,738 105,380
Trading securities held in trust, at fair value 29,280 29,093
Other assets 24,749 26,935
Total assets 4,458,288 4,182,881
Liabilities:    
Notes payable 1,364,200 1,699,771
Unsecured credit facilities 263,421 164,514
Accounts payable and other liabilities 145,689 164,515
Acquired lease intangible liabilities, less accumulated accretion of $22,067 and $17,555 at September 30, 2016 and December 31, 2015, respectively 56,455 42,034
Tenants’ security, escrow deposits and prepaid rent 28,239 29,427
Total liabilities 1,858,004 2,100,261
Commitments and contingencies (note 11)
Stockholders’ equity/Partners' capital:    
Preferred units of general partner, $0.01 par value per unit, 13,000,000 units issued and outstanding at September 30, 2016 and December 31, 2015, liquidation preference of $25 per unit 325,000 325,000
General partner; 104,492,738 and 97,212,638 units outstanding at September 30, 2016 and December 31, 2015, respectively 2,277,884 1,787,802
Limited partners; 154,170 units outstanding at September 30, 2016 and December 31, 2015 (2,006) (1,975)
Accumulated other comprehensive loss (35,739) (58,693)
Total partners’ capital 2,565,139 2,052,134
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships 35,145 30,486
Total noncontrolling interests 35,145 30,486
Total equity 2,600,284 2,082,620
Total liabilities and equity 4,458,288 4,182,881
Preferred Stock [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 325,000 325,000
Common Stock [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,045 972
Treasury Stock [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (16,882) (19,658)
Additional Paid-in Capital [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3,291,602 2,742,508
AOCI Attributable to Parent [Member]    
Stockholders’ equity/Partners' capital:    
Accumulated other comprehensive loss (35,739) (58,693)
AOCI Attributable to Parent [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (35,739) (58,693)
Accumulated Distributions in Excess of Net Income [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (997,881) (936,020)
Total Stockholders' Equity [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,567,145 2,054,109
Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (2,006) (1,975)
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member] | Parent Company [Member]    
Noncontrolling interests:    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 35,145 $ 30,486