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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 366,288 $ 47,317 $ 243,258
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 303,331 345,900 374,283
Amortization of deferred loan costs and debt premiums 6,003 9,023 11,170
(Accretion) and amortization of above and below market lease intangibles, net (22,936) (40,540) (43,867)
Stock-based compensation, net of capitalization 12,515 13,581 14,339
Equity in income of investments in real estate partnerships (47,086) (34,169) (60,956)
Gain on sale of real estate, net of tax (91,119) (67,465) (24,242)
Provision for impairment of real estate 84,389 18,536 54,174
Goodwill impairment   132,128  
Early extinguishment of debt   21,837 11,982
Distribution of earnings from investments in real estate partnerships 71,934 47,703 56,297
Settlement of derivative instrument (2,472)   (6,870)
Deferred compensation expense 4,572 4,668 5,169
Realized and unrealized (gain) loss on investments (5,348) (5,519) (5,433)
Changes in assets and liabilities:      
Tenant and other receivables (24,869) 16,944 (4,690)
Deferred leasing costs (6,966) (6,973) (6,777)
Other assets (1,226) (1,200) (1,570)
Accounts payable and other liabilities 6,677 997 4,175
Tenants’ security, escrow deposits and prepaid rent 5,701 (3,650) 829
Net cash provided by operating activities 659,388 499,118 621,271
Cash flows from investing activities:      
Acquisition of operating real estate, net of cash acquired of $2,991 in 2021 (392,051) (16,767) (222,569)
Real estate development and capital improvements (177,631) (180,804) (200,012)
Proceeds from sale of real estate 206,193 189,444 137,572
Proceeds from property insurance casualty claims   7,957 9,350
Issuance of notes receivable, net (20) (1,340) (547)
Investments in real estate partnerships (23,476) (51,440) (66,921)
Return of capital from investments in real estate partnerships 99,945 32,125 63,693
Dividends on investment securities 813 353 660
Acquisition of investment securities (23,971) (25,155) (23,458)
Proceeds from sale of investment securities 23,846 19,986 19,539
Net cash used in investing activities (286,352) (25,641) (282,693)
Cash flows from financing activities:      
Net proceeds from common stock issuance 82,510 125,608  
Repurchase of common shares/units in conjunction with tax withholdings on equity award plans (4,083) (5,512) (6,204)
Proceeds from sale of treasury stock/units 96 269 9
Common shares repurchased through share repurchase program     (32,778)
Distributions to limited partners in consolidated partnerships, net (4,345) (2,770) (3,367)
Distributions to exchangeable operating partnership unit holders (1,815) (1,366) (1,051)
Dividends paid to common stockholders/ Distributions to partners (403,085) (300,537) (390,598)
Repayment of fixed rate unsecured notes   (300,000) (250,000)
Proceeds from issuance of fixed rate unsecured notes, net   598,830 723,571
Proceeds from unsecured credit facilities   610,000 560,000
Repayments of proceeds from unsecured credit facilities, net (265,000) (830,000) (785,000)
Repayment of notes payable (42,014) (67,189) (55,680)
Scheduled principal payments (11,255) (11,104) (9,442)
Payment of loan costs (7,468) (5,063) (7,019)
Early redemption costs   (21,755) (10,647)
Net cash used in financing activities (656,459) (210,589) (268,206)
Net (decrease) increase in cash, cash equivalents, and restricted cash (283,423) 262,888 70,372
Cash, cash equivalents, and restricted cash at beginning of the year 378,450 115,562 45,190
Cash, cash equivalents, and restricted cash at end of the year 95,027 378,450 115,562
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $4,202, $4,355, and $4,192 in 2021, 2020, and 2019, respectively) 140,084 151,338 136,139
Cash paid for income taxes, net of refunds 378 1,870 1,225
Supplemental disclosure of non-cash transactions:      
Exchangeable operating partnership units issued for acquisition of real estate   1,275 25,870
Previously held equity investments in real estate assets acquired (4,609) 5,986  
Mortgage loans assumed by Company with the acquisition of real estate 111,104 16,359 26,152
Mortgage loan assumed by purchaser with the sale of real estate   8,250  
Common stock issued by Parent Company for partnership units exchanged 99    
Real estate received in lieu of promote interest 13,589    
Change in fair value of securities 513 315 660
Change in accrued capital expenditures 10,188 12,166 10,704
Common stock issued for dividend reinvestment plan 1,286 1,139 1,429
Stock-based compensation capitalized 666 1,119 2,325
Common stock and exchangeable operating partnership dividends declared but not paid 107,480 101,412  
(Distributions to) Contributions from limited partners in consolidated partnerships, net   (1,512) 66
Common stock issued for dividend reinvestment in trust 1,084 819 987
Contribution of stock awards into trust 1,416 1,524 2,582
Distribution of stock held in trust 3,647 1,052 197
Partnership Interest [Member]      
Cash flows from operating activities:      
Net income 366,288 47,317 243,258
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 303,331 345,900 374,283
Amortization of deferred loan costs and debt premiums 6,003 9,023 11,170
(Accretion) and amortization of above and below market lease intangibles, net (22,936) (40,540) (43,867)
Stock-based compensation, net of capitalization 12,515 13,581 14,339
Equity in income of investments in real estate partnerships (47,086) (34,169) (60,956)
Gain on sale of real estate, net of tax (91,119) (67,465) (24,242)
Provision for impairment of real estate 84,389 18,536 54,174
Goodwill impairment   132,128  
Early extinguishment of debt   21,837 11,982
Distribution of earnings from investments in real estate partnerships 71,934 47,703 56,297
Settlement of derivative instrument (2,472)   (6,870)
Deferred compensation expense 4,572 4,668 5,169
Realized and unrealized (gain) loss on investments (5,348) (5,519) (5,433)
Changes in assets and liabilities:      
Tenant and other receivables (24,869) 16,944 (4,690)
Deferred leasing costs (6,966) (6,973) (6,777)
Other assets (1,226) (1,200) (1,570)
Accounts payable and other liabilities 6,677 997 4,175
Tenants’ security, escrow deposits and prepaid rent 5,701 (3,650) 829
Net cash provided by operating activities 659,388 499,118 621,271
Cash flows from investing activities:      
Acquisition of operating real estate, net of cash acquired of $2,991 in 2021 (392,051) (16,767) (222,569)
Real estate development and capital improvements (177,631) (180,804) (200,012)
Proceeds from sale of real estate 206,193 189,444 137,572
Proceeds from property insurance casualty claims   7,957 9,350
Issuance of notes receivable, net (20) (1,340) (547)
Investments in real estate partnerships (23,476) (51,440) (66,921)
Return of capital from investments in real estate partnerships 99,945 32,125 63,693
Dividends on investment securities 813 353 660
Acquisition of investment securities (23,971) (25,155) (23,458)
Proceeds from sale of investment securities 23,846 19,986 19,539
Net cash used in investing activities (286,352) (25,641) (282,693)
Cash flows from financing activities:      
Net proceeds from common stock issuance 82,510 125,608  
Repurchase of common shares/units in conjunction with tax withholdings on equity award plans (4,083) (5,512) (6,204)
Proceeds from sale of treasury stock/units 96 269 9
Common shares repurchased through share repurchase program     (32,778)
Distributions to limited partners in consolidated partnerships, net (4,345) (2,770) (3,367)
Dividends paid to common stockholders/ Distributions to partners (404,900) (301,903) (391,649)
Repayment of fixed rate unsecured notes   (300,000) (250,000)
Proceeds from issuance of fixed rate unsecured notes, net   598,830 723,571
Proceeds from unsecured credit facilities   610,000 560,000
Repayments of proceeds from unsecured credit facilities, net (265,000) (830,000) (785,000)
Repayment of notes payable (42,014) (67,189) (55,680)
Scheduled principal payments (11,255) (11,104) (9,442)
Payment of loan costs (7,468) (5,063) (7,019)
Early redemption costs   (21,755) (10,647)
Net cash used in financing activities (656,459) (210,589) (268,206)
Net (decrease) increase in cash, cash equivalents, and restricted cash (283,423) 262,888 70,372
Cash, cash equivalents, and restricted cash at beginning of the year 378,450 115,562 45,190
Cash, cash equivalents, and restricted cash at end of the year 95,027 378,450 115,562
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $4,202, $4,355, and $4,192 in 2021, 2020, and 2019, respectively) 140,084 151,338 136,139
Cash paid for income taxes, net of refunds 378 1,870 1,225
Supplemental disclosure of non-cash transactions:      
Exchangeable operating partnership units issued for acquisition of real estate   1,275 25,870
Previously held equity investments in real estate assets acquired (4,609) 5,986  
Mortgage loans assumed by Company with the acquisition of real estate 111,104 16,359 26,152
Mortgage loan assumed by purchaser with the sale of real estate   8,250  
Common stock issued by Parent Company for partnership units exchanged 99 1,275 25,870
Real estate received in lieu of promote interest 13,589    
Change in fair value of securities 513 315 660
Change in accrued capital expenditures 10,188 12,166 10,704
Common stock issued for dividend reinvestment plan 1,286 1,139 1,429
Stock-based compensation capitalized 666 1,119 2,325
Common stock and exchangeable operating partnership dividends declared but not paid 107,480 101,412  
(Distributions to) Contributions from limited partners in consolidated partnerships, net   (1,512) 66
Common stock issued for dividend reinvestment in trust 1,084 819 987
Contribution of stock awards into trust 1,416 1,524 2,582
Distribution of stock held in trust $ 3,647 $ 1,052 $ 197