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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Parent Company [Member]    
Cash flows from operating activities:    
Consolidated net income $ 45,808 $ 64,677
Adjustments to reconcile net income to net cash provided by operating activities:    
Retail revenue accretion (91) (29)
Depreciation and amortization 75,148 73,117
Stock compensation expense 1,885 1,289
Redeemable stock issued 186 189
Amortization of debt premium (2,656) (4,280)
(Gain) loss from investments in real estate joint ventures (128) (17)
Loss on debt extinguishment 0 2,787
Derivative interest (credit) expense (616) (473)
Gain on sale of non-depreciable real estate assets (1,627) 0
Gain on sale of depreciable real estate assets excluded from discontinued operations (755) (30,228)
Net casualty loss and other settlement proceeds 947 19
Changes in assets and liabilities:    
Restricted cash 4,442 7,391
Other assets (1,666) 2,441
Accounts payable 2,300 (431)
Accrued expenses and other (19,496) (14,058)
Security deposits 404 465
Net cash provided by operating activities 104,085 102,859
Cash flows from investing activities:    
Purchases of real estate and other assets (61,930) (48,685)
Normal capital improvements (16,190) (16,499)
Construction capital and other improvements (984) (3,153)
Renovations to existing real estate assets (7,692) (5,150)
Development (13,020) (5,034)
Distributions from real estate joint ventures 1,418 6
Proceeds from disposition of real estate assets 32,481 52,770
(Funding) return of escrow for future acquisitions 0 (6,431)
Net cash (used in) provided by investing activities (65,917) (32,176)
Cash flows from financing activities:    
Net change in credit lines 55,000 3,885
Principal payments on notes payable (35,494) (17,472)
Payment of deferred financing costs (139) (172)
Repurchase of common stock (1,730) (937)
Proceeds from issuances of common shares 90 8
Distributions to noncontrolling interests (3,413) (3,223)
Dividends paid on common shares (61,857) (57,840)
Net cash used in financing activities (47,543) (75,751)
Net (decrease) increase in cash and cash equivalents (9,375) (5,068)
Cash and cash equivalents, beginning of period 37,559 25,401
Cash and cash equivalents, end of period 28,184 20,333
Supplemental disclosure of cash flow information:    
Interest paid 25,114 27,017
Income Taxes Paid 19 0
Supplemental disclosure of noncash investing and financing activities:    
Conversion of units to shares of common stock 33 46
Accrued construction in progress 12,307 8,392
Interest capitalized 380 474
Marked-to-market adjustment on derivative instruments (1,903) (1,659)
Limited Partner [Member]    
Cash flows from operating activities:    
Consolidated net income 45,808 64,677
Adjustments to reconcile net income to net cash provided by operating activities:    
Retail revenue accretion (91) (29)
Depreciation and amortization 75,148 73,117
Stock compensation expense 1,885 1,289
Redeemable stock issued 186 189
Amortization of debt premium (2,656) (4,280)
(Gain) loss from investments in real estate joint ventures (128) (17)
Loss on debt extinguishment 0 2,787
Derivative interest (credit) expense (616) (473)
Gain on sale of non-depreciable real estate assets (1,627) 0
Gain on sale of depreciable real estate assets excluded from discontinued operations (755) (30,228)
Net casualty loss and other settlement proceeds 947 19
Changes in assets and liabilities:    
Restricted cash 4,442 7,391
Other assets (1,666) 2,441
Accounts payable 2,300 (431)
Accrued expenses and other (19,496) (14,058)
Security deposits 404 465
Net cash provided by operating activities 104,085 102,859
Cash flows from investing activities:    
Purchases of real estate and other assets (61,930) (48,685)
Normal capital improvements (16,190) (16,499)
Construction capital and other improvements (984) (3,153)
Renovations to existing real estate assets (7,692) (5,150)
Development (13,020) (5,034)
Distributions from real estate joint ventures 1,418 6
Proceeds from disposition of real estate assets 32,481 52,770
(Funding) return of escrow for future acquisitions 0 (6,431)
Net cash (used in) provided by investing activities (65,917) (32,176)
Cash flows from financing activities:    
Net change in credit lines 55,000 3,885
Principal payments on notes payable (35,494) (17,472)
Payment of deferred financing costs (139) (172)
Repurchase of common units (1,730) (937)
Proceeds from issuances of common units 90 8
Distributions paid on common units (65,270) (61,063)
Net cash used in financing activities (47,543) (75,751)
Net (decrease) increase in cash and cash equivalents (9,375) (5,068)
Cash and cash equivalents, beginning of period 37,559 25,401
Cash and cash equivalents, end of period 28,184 20,333
Supplemental disclosure of cash flow information:    
Interest paid 25,114 27,017
Income Taxes Paid 19 0
Supplemental disclosure of noncash investing and financing activities:    
Accrued construction in progress 12,307 8,392
Interest capitalized 380 474
Marked-to-market adjustment on derivative instruments $ (1,903) $ (1,659)