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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 70,484 $ 67,581
Adjustments to net income:    
Depreciation and amortization 107,933 98,037
Amortization of share-based compensation 2,605 2,552
Non-cash rental adjustments (3,099) (2,449)
Amortization of net premiums on mortgages payable (1,101) (1,962)
Amortization of deferred financing costs 2,200 2,228
Loss on interest rate swaps 5,778 1,058
Gain on sales of real estate (2,289) (7,218)
Provisions for impairment on real estate 1,923 2,087
Change in assets and liabilities    
Accounts receivable and other assets 5,081 892
Accounts payable, accrued expenses and other liabilities (53,225) (44,954)
Net cash provided by operating activities 136,290 117,852
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (313,169) (202,781)
Improvements to real estate, including leasing costs (902) (1,345)
Proceeds from sales of real estate 11,038 22,274
Collection of loans receivable 12,428  
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions (4,088) 18,083
Net cash used in investing activities (294,693) (163,769)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (147,345) (126,682)
Cash dividends to preferred stockholders (6,770) (6,770)
Borrowings on line of credit 1,209,000 282,000
Payments on line of credit (794,000) (135,000)
Principal payments on mortgages payable (164,339) (51,296)
Redemption of preferred units   (6,750)
Distributions to noncontrolling interests (382) (428)
Proceeds from dividend reinvestment and stock purchase plan 3,512 102,162
Procceds from At-the-Market (ATM) program 30,547  
Other items, including shares withheld upon vesting (3,419) (2,981)
Net cash provided by financing activities 126,804 54,255
Net (decrease) increase in cash and cash equivalents (31,599) 8,338
Cash and cash equivalents, beginning of period 40,294 3,852
Cash and cash equivalents, end of period $ 8,695 $ 12,190