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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 637,104 $ 546,219
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 688,041 661,921
Amortization of deferred financing costs 5,784 7,023
Amortization of discounts and premiums on debt 3,823 2,815
Amortization of deferred settlements on derivative instruments 1,811 3,123
Amortization of right-of-use assets 11,320 9,572
Write-off of pursuit costs 1,905 2,739
(Income) loss from investments in unconsolidated entities 4,865 3,847
Distributions from unconsolidated entities – return on capital 446 436
Net (gain) loss on sales of real estate properties (227,829) (127,034)
Realized (gain) loss on investment securities 1,316 (1,511)
Unrealized (gain) loss on investment securities (19,880) (4,461)
Compensation paid with Company Common Shares 26,781 26,948
Changes in assets and liabilities:    
(Increase) decrease in other assets 5,551 11,887
Increase (decrease) in accounts payable and accrued expenses 71,360 71,334
Increase (decrease) in accrued interest payable (15,083) (18,791)
Increase (decrease) in lease liabilities (3,363) (1,077)
Increase (decrease) in other liabilities 20,258 (7,024)
Increase (decrease) in security deposits 5,172 558
Net cash provided by operating activities 1,219,382 1,188,524
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (1,320,592) (324,497)
Investment in real estate – development/other (90,718) (60,179)
Capital expenditures to real estate (230,107) (229,763)
Non-real estate capital additions (1,572) (1,457)
Interest capitalized for real estate and unconsolidated entities under development (10,697) (9,579)
Proceeds from disposition of real estate, net 360,850 191,718
Investments in unconsolidated entities - acquisitions (31,286) (989)
Investments in unconsolidated entities - development/other (48,360) (34,076)
Distributions from unconsolidated entities – return of capital 1,409 15
Purchase of investment securities and other investments   (2,500)
Proceeds from sale of investment securities 7,457 2,952
Net cash provided by (used for) investing activities (1,363,616) (468,355)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (5,307) (4,106)
Mortgage notes payable, net:    
Proceeds 0 572,896
Lump sum payoffs 0 (932,598)
Scheduled principal repayments (2,400) (554)
Notes, net:    
Proceeds 597,954  
Line of credit and commercial paper:    
Line of credit proceeds 198,000  
Line of credit repayments (198,000)  
Commercial paper proceeds 8,610,430 4,393,568
Commercial paper repayments (8,233,000) (4,025,887)
Proceeds from (payments on) settlement of derivative instruments (3,989) 25,169
Finance ground lease principal payments (2,158) (1,995)
Proceeds from Employee Share Purchase Plan (ESPP) 2,830 2,591
Proceeds from exercise of options 17,315 11,474
Common Shares repurchased and retired (38,474)  
Redemption of Preferred Shares (20,125)  
Premium on redemption of Preferred Shares (1,444)  
Other financing activities, net (52) (37)
Acquisition of Noncontrolling Interests – Partially Owned Properties   (3,737)
Contributions – Noncontrolling Interests – Partially Owned Properties 458 9
Contributions – Noncontrolling Interests – Operating Partnership 2 1
Distributions:    
Common Shares (762,990) (738,584)
Preferred Shares (2,031) (2,319)
Noncontrolling Interests – Operating Partnership (23,058) (22,969)
Noncontrolling Interests – Partially Owned Properties (3,163) (3,536)
Net cash provided by (used for) financing activities 130,798 (730,614)
Net increase (decrease) in cash and cash equivalents and restricted deposits (13,436) (10,445)
Cash and cash equivalents and restricted deposits, beginning of period 139,995 137,172
Cash and cash equivalents and restricted deposits, end of period 126,559 126,727
Cash and cash equivalents 28,610 39,250
Restricted deposits 97,949 87,477
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 197,587 206,080
Net cash paid (received) for income and other taxes 1,097 1,035
Real estate acquisitions/dispositions/other:    
Mortgage loans assumed   42,256
Amortization of deferred financing costs:    
Investment in real estate, net   (211)
Other assets 2,089 2,089
Mortgage notes payable, net 786 2,265
Notes, net 2,909 2,880
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 2,126 1,129
Notes, net 1,697 1,686
Amortization of deferred settlements on derivative instruments:    
Other liabilities (8) (9)
Accumulated other comprehensive income 1,819 3,132
Write-off of pursuit costs:    
Investment in real estate, net 401 421
Investments in unconsolidated entities 1,292 1,667
Other assets 212 651
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities 3,927 2,909
Other liabilities 938 938
Realized/unrealized (gain) loss on derivative instruments:    
Other assets   (3,749)
Other liabilities 3,989 (765)
Accumulated other comprehensive income (3,989) 4,514
Investment in real estate - acquisitions:    
Investment in real estate, net (1,307,865) (324,497)
Right-of-use assets (12,727)  
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (4,308) (3,468)
Investments in unconsolidated entities (6,389) (6,111)
Investments in unconsolidated entities - development/other:    
Investments in unconsolidated entities (47,160) (32,667)
Other liabilities (1,200) (1,409)
Debt financing costs:    
Mortgage notes payable, net   (4,106)
Notes, net (5,307)  
Proceeds from (payments on) settlement of derivative instruments:    
Other assets   25,613
Other liabilities (3,989) (444)
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets   (7,105)
Lease liabilities   7,105
Non Cash Share Distribution From Unconsolidated Entities [Abstract]    
Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities   539
Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets   (539)
Non-cash change in Supplemental Executive Retirement Plan (SERP) balances:    
Other assets (1,362) 33,970
Other liabilities 1,959 (66,048)
Paid in capital $ (597) $ 32,078