XML 83 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2013
Assets
Sep. 30, 2012
Assets
Statement Of Cash Flows [Abstract]    
Net cash flow provided by operating activities: $ 276,678,000 $ 197,425,000
Cash flow from investing activities:    
Real estate acquired, net of liabilities assumed (326,661,000) (236,580,000)
Real estate developed and improvements to operating real estate (158,909,000) (138,348,000)
Proceeds from disposition of real estate 156,654,000 96,736,000
Equity contributions to joint ventures (20,143,000) (54,803,000)
Issuance of joint venture advances, net (41,000,000) (149,921,000)
Distributions of proceeds from sale and refinancing of joint venture interests 1,696,000 1,034,000
Return of investments in joint ventures 5,479,000 9,517,000
Purchase of securities available for sale (1,800,000) 0
Issuance of notes receivable (22,014,000) (592,000)
Repayment of notes receivable 13,715,000 975,000
Change in restricted cash - capital improvements (2,526,000) 6,681,000
Net cash flow used for investing activities: (395,509,000) (465,301,000)
Cash flow from financing activities:    
(Repayments) proceeds of revolving credit facilities, net (104,340,000) 66,502,000
Proceeds from issuance of senior notes, net of underwriting commissions and offering expenses of $650 and $709 in 2013 and 2012, respectively 295,591,000 291,503,000
Repayment of senior notes 0 (445,682,000)
Proceeds from mortgages and other secured debt 45,042,000 353,506,000
Repayment of term loans and mortgage debt (112,835,000) (327,905,000)
Payment of debt issuance costs (3,921,000) (9,038,000)
Redemption of preferred shares (150,000,000) (170,000,000)
Proceeds from issuance of preferred shares, net of underwriting commissions and offering expenses of $412 and $845 in 2013 and 2012, respectively 144,863,000 192,855,000
Proceeds from issuance of common shares, net of underwriting commissions and offering expenses of $473 and $805 in 2013 and 2012, respectively 158,048,000 418,522,000
Repurchase of common shares in conjunction with equity award plans (4,060,000) (2,757,000)
Contributions from non-controlling interests 281,000 249,000
Distributions to non-controlling interests and redeemable operating partnership units (1,057,000) (8,774,000)
Dividends paid (144,671,000) (111,523,000)
Net cash flow provided by financing activities: 122,941,000 247,458,000
Cash and cash equivalents    
Increase (decrease) in cash and cash equivalents 4,110,000 (20,418,000)
Effect of exchange rate changes on cash and cash equivalents 67,000 (561,000)
Cash and cash equivalents, beginning of period 31,174,000 41,206,000
Cash and cash equivalents, end of period 35,351,000 20,227,000
Supplemental disclosure of non-cash investing and financing activities:    
Dividends payable 49,826,000 43,200,000
Portion of debt to acquire the assets 148,500,000 25,400,000
Accounts payable and other liabilities to acquire the assets      
Number of joint venture assets acquired 5 5
Reversal of previously held equity interest recorded in Investments and Advances to Joint Ventures 15,400,000 36,800,000
Increase in net assets 1,000,000 80,000,000
Cumulative redeemable preferred shares, redeemed value 150,000,000   
Cumulative redeemable preferred shares 205,000,000   
Preferred stock dividend rate 7.375% 7.50%
Preferred stock issuance cost write off 5,246,000 5,804,000
Real Estate Expenditures included in Accounts Payable 25,100,000   
Value of assumed debt    $ 246,200,000