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EPT - Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 515,691,000 $ 599,332,000 $ 464,448,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Straight-lined rents 9,672,000 (19,426,000) (1,218,000)
Depreciation and amortization 520,066,000 525,497,000 483,750,000
Amortization of discount on marketable securities 0 (19,075,000) (28,491,000)
Amortization of discount and debt financing costs, net 9,538,000 6,674,000 5,689,000
Gain on sale of marketable securities (3,400,000) (2,131,000) (1,271,000)
Income from early redemption of notes receivable (4,939,000) 0 0
Provision for credit losses 141,000 687,000 0
Unrealized gains on equity securities recognized through income (33,104,000) (12,515,000) (5,710,000)
Company's share of gain on the sales of co-investments 0 (2,225,000) (51,097,000)
Earnings from co-investments (111,721,000) (64,287,000) (61,039,000)
Operating distributions from co-investments 104,833,000 74,419,000 99,277,000
Accrued interest from notes and other receivables (15,902,000) (3,683,000) (6,012,000)
Impairment loss 0 1,825,000 7,105,000
(Gain) loss on the sale of real estate and land (142,993,000) (64,967,000) 3,164,000
Equity-based compensation 7,308,000 8,157,000 7,010,000
Loss (gain) on early retirement of debt, net 19,010,000 22,883,000 (3,717,000)
Gain on remeasurement of co-investment (2,260,000) (234,694,000) (31,535,000)
Changes in operating assets and liabilities:      
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets 4,878,000 (3,730,000) 6,969,000
Accounts payable, accrued liabilities, and operating lease liabilities 22,298,000 (10,382,000) 29,551,000
Other liabilities 6,143,000 749,000 2,206,000
Net cash provided by operating activities 905,259,000 803,108,000 919,079,000
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired (153,481,000) (460,421,000) (133,825,000)
Redevelopment (61,671,000) (48,980,000) (70,295,000)
Development acquisitions of and additions to real estate under development (49,784,000) (108,781,000) (158,234,000)
Capital expenditures on rental properties (121,195,000) (90,085,000) (101,689,000)
Investments in notes receivable (245,144,000) (135,343,000) (231,400,000)
Collections of notes and other receivables 104,405,000 98,711,000 168,720,000
Proceeds from insurance for property losses 879,000 723,000 3,734,000
Proceeds from dispositions of real estate 297,454,000 339,165,000 23,214,000
Contributions to co-investments (306,266,000) (114,017,000) (402,284,000)
Changes in refundable deposits (9,486,000) 96,000 5,000
Purchases of marketable securities (23,805,000) (83,379,000) (46,458,000)
Sales and maturities of marketable securities 16,577,000 113,465,000 147,531,000
Non-operating distributions from co-investments 154,120,000 71,946,000 273,290,000
Net cash used in investing activities (397,397,000) (416,900,000) (527,691,000)
Cash flows from financing activities:      
Proceeds from unsecured debt and mortgage notes 745,505,000 1,452,808,000 1,045,290,000
Payments on unsecured debt and mortgage notes (1,053,501,000) (916,209,000) (1,026,616,000)
Proceeds from lines of credit 1,050,589,000 1,038,426,000 1,939,213,000
Repayments of lines of credit (709,332,000) (1,093,426,000) (1,884,213,000)
Retirement of common stock (9,172,000) (269,315,000) (56,989,000)
Additions to deferred charges (8,350,000) (13,772,000) (10,898,000)
Payments related to debt prepayment penalties (18,342,000) (19,605,000) (1,406,000)
Net proceeds from issuance of common stock (455,000) (296,000) 72,539,000
Net proceeds from stock options exercised 58,497,000 14,865,000 37,467,000
Payments related to tax withholding for share-based compensation (5,445,000) (5,664,000) (3,688,000)
Contributions from noncontrolling interest 1,900,000 0 0
Distributions to noncontrolling interest (29,379,000) (30,990,000) (27,993,000)
Redemption of noncontrolling interest (8,457,000) (3,113,000) (36,568,000)
Redemption of redeemable noncontrolling interest (4,463,000) (872,000) (73,000)
Common stock dividends paid (542,860,000) (536,098,000) (507,754,000)
Net cash used in financing activities (533,265,000) (383,261,000) (461,689,000)
Net (decrease) increase in unrestricted and restricted cash and cash equivalents (25,403,000) 2,947,000 (70,301,000)
Unrestricted and restricted cash and cash equivalents at beginning of period 84,041,000 81,094,000 151,395,000
Unrestricted and restricted cash and cash equivalents at end of period 58,638,000 84,041,000 81,094,000
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 194,203,000 211,732,000 194,418,000
Interest capitalized 6,153,000 14,615,000 24,169,000
Operating cash flows from operating leases 6,963,000 6,892,000 6,811,000
Supplemental disclosure of noncash investing and financing activities:      
Issuance of DownREIT units in connection with acquisition of real estate 0 0 65,472,000
Transfers between real estate under development and rental properties, net 328,393,000 253,039,000 19,812,000
Transfer from real estate under development to co-investments 3,068,000 1,739,000 671,000
Reclassifications to (from) redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 6,890,000 (4,299,000) 2,008,000
Initial recognition of operating lease right-of-use assets 0 0 77,645,000
Initial recognition of operating lease liabilities 0 0 79,693,000
Debt assumed in connection with acquisition $ 0 $ 0 $ 143,006,000