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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 121,119 $ 134,451
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain (Loss) on Extinguishment of Debt 0 977
Impairment charges 16,548 10,195
Gain on sale of real estate (473) (27,465)
Gain on insurance recovery 0 606
Deferred income tax expense 663 684
Costs associated with loan refinancing or payoff 31,958 14
Equity in income from joint ventures 37 (51)
Distributions from joint ventures 567 442
Depreciation and amortization 75,266 61,225
Amortization of deferred financing costs 2,837 2,981
Amortization of above/below market leases and tenant allowances, net (472) 14
Share-based compensation expense to management and trustees 7,608 6,961
(Increase) decrease in mortgage notes accrued interest receivable (374) 1,915
(Increase) decrease in accounts receivable, net (5,625) 3,506
Increase in direct financing lease receivable (401) (804)
Increase in other assets (3,989) (2,195)
Decrease in accounts payable and accrued liabilities (6,758) (7,099)
Increase in unearned rents and interest 11,237 11,444
Net cash provided by operating activities 249,748 194,635
Investing activities:    
Acquisition of and investments in rental properties and other assets 84,306 196,957
Proceeds from sale of real estate 6,195 130,726
Investment in mortgage notes receivable (21,079) (101,721)
Proceeds from mortgage note receivable paydown 196,038 15,610
Investment in promissory notes receivable 7,739 1,387
Proceeds from promissory note receivable paydown 7,500 1,599
Additions to properties under development (135,605) (196,354)
Net cash used by investing activities (38,996) (348,484)
Financing activities:    
Proceeds from long-term debt facilities 840,000 915,000
Principal payments on long-term debt (881,684) (601,962)
Deferred financing fees paid (8,557) (7,042)
Costs associated with loan refinancing or payoff (cash portion) (28,650) (6)
Net proceeds from issuance of common shares 530 68,352
Purchase of common shares for treasury (7,156) (6,729)
Dividends paid to shareholders (169,831) (147,845)
Net cash (used) provided by financing activities (255,348) 219,768
Effect of exchange rate changes on cash (90) 129
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (44,686) 66,048
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 14,300 95,127
Cash and Cash Equivalents, at Carrying Value 3,017 70,872
Restricted Cash and Cash Equivalents 11,283 24,255
Supplemental schedule of non-cash activity:    
Transfer of property under development to rental property 110,742 206,115
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses 18,252 23,983
Stock Issued During Period, Value, Acquisitions 0 657,473
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 0 12,083
Noncash or Part Noncash Acquisition, Value of Assets Acquired 155,185 0
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 75,386 65,623
Cash paid during the period for income taxes 1,105 654
Interest cost capitalized 4,538 5,340
(Decrease) increase in accrued capital expenditures $ (3,394) $ 9,347