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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 685,192 $ 628,381 $ 4,480,104
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 785,725 743,749 705,649
Amortization of deferred financing costs 11,310 8,526 12,633
Amortization of above/below market lease intangibles 4,392 3,828 3,426
Amortization of discounts and premiums on debt 22,781 3,536 (17,986)
Amortization of deferred settlements on derivative instruments 18,440 18,847 41,680
Impairment 702 1,693 0
Write-off of pursuit costs 4,450 3,106 4,092
(Income) loss from investments in unconsolidated entities 3,667 3,370 (4,801)
Distributions from unconsolidated entities – return on capital 2,492 2,632 2,863
Net (gain) loss on sales of investment securities and other investments     (58,409)
Net (gain) loss on sales of real estate properties (256,810) (157,057) (4,044,055)
Net (gain) loss on sales of land parcels (987) (19,167) (15,731)
Net (gain) loss on sales of discontinued operations     (43)
Net (gain) loss on debt extinguishment 22,110 12,258 114,666
Realized/unrealized (gain) loss on derivative instruments 50   74
Compensation paid with Company Common Shares 27,132 24,997 30,530
Changes in assets and liabilities:      
(Increase) decrease in other assets 4,097 (449) 31,147
Increase (decrease) in accounts payable and accrued expenses (1,862) 11,532 (6,061)
Increase (decrease) in accrued interest payable 4,587 (2,911) (24,275)
Increase (decrease) in other liabilities 16,578 (23,468) (26,422)
Increase (decrease) in security deposits 2,249 2,385 (14,958)
Net cash provided by operating activities 1,356,295 1,265,788 1,214,123
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in real estate – acquisitions (708,092) (466,394) (205,880)
Investment in real estate – development/other (154,431) (276,382) (566,825)
Capital expenditures to real estate (188,501) (202,607) (172,177)
Non-real estate capital additions (4,505) (1,506) (5,731)
Interest capitalized for real estate under development (6,260) (26,290) (51,451)
Proceeds from disposition of real estate, net 691,526 384,583 6,824,659
Investments in unconsolidated entities (6,571) (6,034) (5,266)
Distributions from unconsolidated entities – return of capital   334 13,798
Proceeds from sale of investment securities and other investments     72,815
Net cash provided by (used for) investing activities (376,834) (594,296) 5,903,942
CASH FLOWS FROM FINANCING ACTIVITIES:      
Debt financing costs (8,583) (6,289) (13,305)
Mortgage notes payable, net:      
Proceeds 96,935    
Lump sum payoffs (1,347,939) (493,420) (583,122)
Scheduled principal repayments (6,629) (10,704) (8,544)
Notes, net:      
Proceeds 896,294 692,466 496,705
Lump sum payoffs   (497,975) (1,500,000)
Line of credit and commercial paper:      
Line of credit proceeds 3,805,000 1,845,000 426,000
Line of credit repayments (3,805,000) (1,845,000) (426,000)
Commercial paper proceeds 14,030,926 5,066,509 1,760,194
Commercial paper repayments (13,831,500) (4,786,750) (2,127,472)
Proceeds from (payments on) settlement of derivative instruments 18,118 1,295 (4,662)
Proceeds from Employee Share Purchase Plan (ESPP) 3,879 3,744 3,686
Proceeds from exercise of options 30,655 31,596 35,833
Payment of offering costs (27) (51) (314)
Other financing activities, net (78) (63) (49)
Acquisition of Noncontrolling Interests – Partially Owned Properties (13)    
Contributions – Noncontrolling Interests – Partially Owned Properties 125 125  
Contributions – Noncontrolling Interests – Operating Partnership 1   1
Distributions:      
Common Shares (782,122) (739,375) (4,771,725)
Preferred Shares (3,863) (3,091) (2,318)
Noncontrolling Interests – Operating Partnership (28,226) (27,291) (188,115)
Noncontrolling Interests – Partially Owned Properties (9,753) (8,286) (36,219)
Net cash provided by (used for) financing activities (963,910) (789,818) (7,054,092)
Net increase (decrease) in cash and cash equivalents and restricted deposits 15,551 (118,326) 63,973
Cash and cash equivalents and restricted deposits, beginning of year 100,762 219,088 155,115
Cash and cash equivalents and restricted deposits, end of year 116,313 100,762 219,088
Cash and cash equivalents 47,442 50,647 77,207
Restricted deposits 68,871 50,115 141,881
SUPPLEMENTAL INFORMATION:      
Cash paid for interest, net of amounts capitalized 358,156 360,273 482,152
Net cash paid for income and other taxes 853 640 1,494
Real estate acquisitions/dispositions/other:      
Mortgage loans assumed     43,400
Amortization of deferred financing costs:      
Other assets 2,412 2,412 3,366
Mortgage notes payable, net 4,792 2,493 3,978
Notes, net 4,106 3,621 5,289
Amortization of discounts and premiums on debt:      
Mortgage notes payable, net 20,144 1,172 (21,158)
Notes, net 2,637 2,364 3,172
Amortization of deferred settlements on derivative instruments:      
Other liabilities (12) (11) (78)
Accumulated other comprehensive income 18,452 18,858 41,758
Write-off of pursuit costs:      
Investment in real estate, net 4,364 2,965 3,586
Other assets 53 17 402
Accounts payable and accrued expenses 33 124 104
(Income) loss from investments in unconsolidated entities:      
Investments in unconsolidated entities 2,304 1,955 (6,327)
Other liabilities 1,363 1,415 1,526
Realized/unrealized (gain) loss on derivative instruments:      
Other assets (14,977) (4,582) 1,798
Notes, net (680) (3,454) (1,798)
Other liabilities 10,533 1,597 3,989
Accumulated other comprehensive income 5,174 6,439 (3,915)
Investments in unconsolidated entities:      
Investments in unconsolidated entities (4,891) (3,034) (2,326)
Other liabilities (1,680) (3,000) (2,940)
Distributions from unconsolidated entities - return of capital:      
Investments in unconsolidated entities   334 14,014
Other assets     (216)
Debt financing costs:      
Other assets (145)   (8,553)
Mortgage notes payable, net (555)   (507)
Notes, net (7,883) (6,289) (4,245)
Proceeds from (payments on) settlement of derivative instruments:      
Other assets 18,118 1,295  
Other liabilities     (4,662)
Other:      
Foreign currency translation adjustments 0 0 (264)
Notes, Net [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net gain (loss) on debt extinguishment     (82,934)
Mortgage Notes Payable, Net [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net gain (loss) on debt extinguishment $ (22,110) $ (12,258) $ (31,732)