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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 74,280$ 26,944
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization, including amounts in discontinued operations75,13071,555
Provision for losses on accounts receivable3,0093,319
Real estate impairment599 
Amortization of share grants, net3,8503,969
Amortization of debt premiums, discounts and related financing costs2,6444,576
Gain on sale of real estate(56,639)(7,942)
Loss on extinguishment of debt, net 280
Changes in operating other assets(18,782)(18,872)
Changes in operating other liabilities2,296(348)
Net cash provided by operating activities86,38783,481
Cash flows from investing activities  
Real estate acquisitions, net(281,701)(68,000)
Net cash received for sale of real estate289,22122,204
Capital improvements to real estate(18,117)(14,569)
Development in progress(12,128)(1,174)
Non-real estate capital improvements(442)(256)
Net cash used in investing activities(23,167)(61,795)
Cash flows from financing activities  
Line of credit borrowings221,00062,800
Line of credit repayments(128,000)(90,800)
Dividends paid(86,190)(80,387)
Distributions to noncontrolling interests(151)(137)
Proceeds from dividend reinvestment program3,8503,924
Principal payments - mortgage notes payable(12,403)(24,870)
Financing costs(3,909)(2,101)
Net proceeds from debt offerings 247,998
Net proceeds from equity offerings 118,068
Notes payable repayments, including penalties for early extinguishment(96,521)(8,843)
Net proceeds from exercise of share options1,0883,872
Net cash provided by and (used in) financing activities(101,236)229,524
Net increase (decrease) in cash and cash equivalents(38,016)251,210
Cash and cash equivalents at beginning of year78,76711,203
Cash and cash equivalents at end of period40,751262,413
Supplemental disclosure of cash flow information:  
Cash paid for interest, net of amounts capitalized$ 45,525$ 46,078