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EPT - Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net income $ 61,690 $ 69,615 $ 140,065 $ 246,564  
Adjustments to reconcile net income to net cash provided by operating activities:          
Straight-lined rents     4,570 5,825  
Depreciation and amortization     268,050 257,323  
Amortization of discount and debt financing costs, net     3,332 6,311  
Loss on sale of marketable securities     (12,430) (2,499)  
Income from early redemption of notes receivable     0 (4,747)  
Provision for credit losses     63 (107)  
Unrealized losses (gains) on equity securities recognized through income     46,441 (16,681)  
Earnings from co-investments     (12,771) (35,259)  
Operating distributions from co-investments     67,834 57,364  
Accrued interest from notes and other receivables     (6,974) (8,530)  
Gain on the sale of real estate and land     0 (100,096)  
Equity-based compensation     4,788 3,776  
Loss on early retirement of debt, net 0 16,465 0 18,982  
Gain on remeasurement of co-investment 0 (2,260) 0 (2,260)  
Changes in operating assets and liabilities:          
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets     15,406 (5,348)  
Accounts payable, accrued liabilities, and operating lease liabilities     (10,887) 3,209  
Other liabilities     2,058 4,244  
Net cash provided by operating activities     509,545 428,071  
Additions to real estate:          
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired     (223) (18,418)  
Redevelopment     (47,674) (19,981)  
Development acquisitions of and additions to real estate under development     (12,862) (34,640)  
Capital expenditures on rental properties     (62,576) (49,044)  
Investments in notes receivable     (136,513) (71,613)  
Collections of notes and other receivables     303,088 36,244  
Proceeds from insurance for property losses     135 117  
Proceeds from dispositions of real estate     0 243,365  
Contributions to co-investments     (96,187) (160,719)  
Changes in refundable deposits     (16,318) (968)  
Purchases of marketable securities     (12,168) (23,509)  
Sales and maturities of marketable securities     30,025 14,931  
Non-operating distributions from co-investments     152,924 78,600  
Net cash provided by (used in) investing activities     101,651 (5,635)  
Cash flows from financing activities:          
Proceeds from unsecured debt and mortgage notes     0 745,505  
Payments on unsecured debt and mortgage notes     (1,820) (951,727)  
Proceeds from lines of credit     670,758 453,359  
Repayments of lines of credit     (948,840) (368,359)  
Retirement of common stock     (60,830) (9,172)  
Additions to deferred charges     0 (6,361)  
Payments related to debt prepayment penalties     0 (18,342)  
Net proceeds from issuance of common stock     (207) (84)  
Net proceeds from stock options exercised     19,255 2,275  
Payments related to tax withholding for share-based compensation     (2,216) (5,445)  
Contributions from noncontrolling interest     125 1,900  
Distributions to noncontrolling interest     (14,858) (14,787)  
Redemption of noncontrolling interest     (2,361) (2,318)  
Redemption of redeemable noncontrolling interest     (230) (3,808)  
Common stock dividends paid     (280,147) (270,937)  
Net cash used in financing activities     (621,371) (448,301)  
Net decrease in unrestricted and restricted cash and cash equivalents     (10,175) (25,865)  
Unrestricted and restricted cash and cash equivalents at beginning of period     58,638 84,041 $ 84,041
Unrestricted and restricted cash and cash equivalents at end of period $ 48,463 $ 58,176 48,463 58,176 $ 58,638
Supplemental disclosure of cash flow information:          
Cash paid for interest (net of $1.5 million and $3.8 million capitalized in 2022 and 2021, respectively)     97,688 96,541  
Operating cash flows from operating leases     3,480 5,316  
Supplemental disclosure of noncash investing and financing activities:          
Transfers between real estate under development and rental properties, net     96,887 218,835  
Transfer from real estate under development to co-investments     1,827 1,337  
Reclassifications (from) to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest     $ (1,223) $ 6,593