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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 488,035 $ 366,288 $ 47,317
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 319,697 303,331 345,900
Amortization of deferred loan costs and debt premiums 5,799 6,003 9,023
(Accretion) and amortization of above and below market lease intangibles, net (20,995) (22,936) (40,540)
Stock-based compensation, net of capitalization 16,521 12,515 13,581
Equity in income of investments in real estate partnerships (59,824) (47,086) (34,169)
Gain on sale of real estate, net of tax (109,005) (91,119) (67,465)
Provision for impairment of real estate   84,389 18,536
Goodwill impairment     132,128
Early extinguishment of debt     21,837
Distribution of earnings from investments in real estate partnerships 61,416 71,934 47,703
Settlement of derivative instrument   (2,472)  
Deferred compensation (revenue) expense (6,128) 4,572 4,668
Realized and unrealized loss (gain) on investments 7,040 (5,348) (5,519)
Changes in assets and liabilities:      
Tenant and other receivables (35,274) (24,869) 16,944
Deferred leasing costs (10,801) (6,966) (6,973)
Other assets 1,292 (1,226) (1,200)
Accounts payable and other liabilities (9,088) 6,677 997
Tenants’ security, escrow deposits and prepaid rent 7,130 5,701 (3,650)
Net cash provided by operating activities 655,815 659,388 499,118
Cash flows from investing activities:      
Acquisition of operating real estate, net of cash acquired of $3,061 and $2,991 in 2022 and 2021, respectively (169,639) (392,051) (16,767)
Real estate development and capital improvements (195,418) (177,631) (180,804)
Proceeds from sale of real estate 143,133 206,193 189,444
Proceeds from property insurance casualty claims     7,957
Collection (issuance) of notes receivable, net 1,823 (20) (1,340)
Investments in real estate partnerships (36,266) (23,476) (51,440)
Return of capital from investments in real estate partnerships 48,473 99,945 32,125
Dividends on investment securities 1,113 813 353
Acquisition of investment securities (21,112) (23,971) (25,155)
Proceeds from sale of investment securities 21,785 23,846 19,986
Net cash used in investing activities (206,108) (286,352) (25,641)
Cash flows from financing activities:      
Net proceeds from common stock issuance 61,284 82,510 125,608
Repurchase of common shares in conjunction with equity award plans (6,447) (4,083) (5,512)
Proceeds from sale of treasury stock/units 64 96 269
Common shares repurchased through share repurchase program (75,419)    
Distributions to limited partners in consolidated partnerships, net (7,245) (4,345) (2,770)
Distributions to exchangeable operating partnership unit holders (1,867) (1,815) (1,366)
Dividends paid to common stockholders (428,276) (403,085) (300,537)
Repayment of fixed rate unsecured notes     (300,000)
Proceeds from issuance of fixed rate unsecured notes, net     598,830
Proceeds from unsecured credit facilities 95,000   610,000
Repayments of proceeds from unsecured credit facilities, net (95,000) (265,000) (830,000)
Repayment of notes payable (6,745) (42,014) (67,189)
Scheduled principal payments (11,219) (11,255) (11,104)
Payment of loan costs (88) (7,468) (5,063)
Early redemption costs     (21,755)
Net cash used in financing activities (475,958) (656,459) (210,589)
Net (decrease) increase in cash, cash equivalents, and restricted cash (26,251) (283,423) 262,888
Cash, cash equivalents, and restricted cash at beginning of the year 95,027 378,450 115,562
Cash, cash equivalents, and restricted cash at end of the year 68,776 95,027 378,450
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $4,166, $4,202, and $4,355 in 2022, 2021, and 2020, respectively) 141,359 140,084 151,338
Cash paid for income taxes, net of refunds 570 378 1,870
Supplemental disclosure of non-cash transactions:      
Common stock and exchangeable operating partnership dividends declared but not paid 111,709 107,480 101,412
Exchangeable operating partnership units issued for acquisition of real estate     1,275
Previously held equity investments in real estate assets acquired 17,179 (4,609) 5,986
Mortgage loans assumed by Company with the acquisition of real estate 22,779 111,104 16,359
Mortgage loan assumed by purchaser with the sale of real estate     8,250
Common stock issued by Parent Company for partnership units exchanged 1,275 99  
Real estate received in lieu of promote interest   13,589  
Change in fair value of securities 1,658 513 315
Change in accrued capital expenditures 4,888 10,188 12,166
Common stock issued under dividend reinvestment plan 524 1,286 1,139
Stock-based compensation capitalized 735 666 1,119
Contributions from (distributions to) limited partners in consolidated partnerships, net 5,436   (1,512)
Reallocation of equity upon acquisition of a limited partner's interest in a consolidated partnership 6,266    
Common stock issued for dividend reinvestment in trust 1,126 1,084 819
Contribution of stock awards into trust 2,250 1,416 1,524
Distribution of stock held in trust 786 3,647 1,052
Partnership Interest [Member]      
Cash flows from operating activities:      
Net income 488,035 366,288 47,317
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 319,697 303,331 345,900
Amortization of deferred loan costs and debt premiums 5,799 6,003 9,023
(Accretion) and amortization of above and below market lease intangibles, net (20,995) (22,936) (40,540)
Stock-based compensation, net of capitalization 16,521 12,515 13,581
Equity in income of investments in real estate partnerships (59,824) (47,086) (34,169)
Gain on sale of real estate, net of tax (109,005) (91,119) (67,465)
Provision for impairment of real estate   84,389 18,536
Goodwill impairment     132,128
Early extinguishment of debt     21,837
Distribution of earnings from investments in real estate partnerships 61,416 71,934 47,703
Settlement of derivative instrument   (2,472)  
Deferred compensation (revenue) expense (6,128) 4,572 4,668
Realized and unrealized loss (gain) on investments 7,040 (5,348) (5,519)
Changes in assets and liabilities:      
Tenant and other receivables (35,274) (24,869) 16,944
Deferred leasing costs (10,801) (6,966) (6,973)
Other assets 1,292 (1,226) (1,200)
Accounts payable and other liabilities (9,088) 6,677 997
Tenants’ security, escrow deposits and prepaid rent 7,130 5,701 (3,650)
Net cash provided by operating activities 655,815 659,388 499,118
Cash flows from investing activities:      
Acquisition of operating real estate, net of cash acquired of $3,061 and $2,991 in 2022 and 2021, respectively (169,639) (392,051) (16,767)
Real estate development and capital improvements (195,418) (177,631) (180,804)
Proceeds from sale of real estate 143,133 206,193 189,444
Proceeds from property insurance casualty claims     7,957
Collection (issuance) of notes receivable, net 1,823 (20) (1,340)
Investments in real estate partnerships (36,266) (23,476) (51,440)
Return of capital from investments in real estate partnerships 48,473 99,945 32,125
Dividends on investment securities 1,113 813 353
Acquisition of investment securities (21,112) (23,971) (25,155)
Proceeds from sale of investment securities 21,785 23,846 19,986
Net cash used in investing activities (206,108) (286,352) (25,641)
Cash flows from financing activities:      
Net proceeds from common stock issuance 61,284 82,510 125,608
Repurchase of common shares in conjunction with equity award plans (6,447) (4,083) (5,512)
Proceeds from sale of treasury stock/units 64 96 269
Common shares repurchased through share repurchase program (75,419)    
Distributions to limited partners in consolidated partnerships, net (7,245) (4,345) (2,770)
Dividends paid to common stockholders (430,143) (404,900) (301,903)
Repayment of fixed rate unsecured notes     (300,000)
Proceeds from issuance of fixed rate unsecured notes, net     598,830
Proceeds from unsecured credit facilities 95,000   610,000
Repayments of proceeds from unsecured credit facilities, net (95,000) (265,000) (830,000)
Repayment of notes payable (6,745) (42,014) (67,189)
Scheduled principal payments (11,219) (11,255) (11,104)
Payment of loan costs (88) (7,468) (5,063)
Early redemption costs     (21,755)
Net cash used in financing activities (475,958) (656,459) (210,589)
Net (decrease) increase in cash, cash equivalents, and restricted cash (26,251) (283,423) 262,888
Cash, cash equivalents, and restricted cash at beginning of the year 95,027 378,450 115,562
Cash, cash equivalents, and restricted cash at end of the year 68,776 95,027 378,450
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $4,166, $4,202, and $4,355 in 2022, 2021, and 2020, respectively) 141,359 140,084 151,338
Cash paid for income taxes, net of refunds 570 378 1,870
Supplemental disclosure of non-cash transactions:      
Common stock and exchangeable operating partnership dividends declared but not paid 111,709 107,480 101,412
Exchangeable operating partnership units issued for acquisition of real estate     1,275
Previously held equity investments in real estate assets acquired 17,179 (4,609) 5,986
Mortgage loans assumed by Company with the acquisition of real estate 22,779 111,104 16,359
Mortgage loan assumed by purchaser with the sale of real estate     8,250
Common stock issued by Parent Company for partnership units exchanged 1,275 99 1,275
Real estate received in lieu of promote interest   13,589  
Change in fair value of securities 1,658 513 315
Change in accrued capital expenditures 4,888 10,188 12,166
Common stock issued under dividend reinvestment plan 524 1,286 1,139
Stock-based compensation capitalized 735 666 1,119
Contributions from (distributions to) limited partners in consolidated partnerships, net 5,436   (1,512)
Reallocation of equity upon acquisition of a limited partner's interest in a consolidated partnership 6,266    
Common stock issued for dividend reinvestment in trust 1,126 1,084 819
Contribution of stock awards into trust 2,250 1,416 1,524
Distribution of stock held in trust $ 786 $ 3,647 $ 1,052