Net income (loss)
|
(38,013) |
92,728 |
45,563 |
71,876 |
|
Depreciation and amortization
|
117,143 |
123,314 |
131,722 |
127,744 |
|
Impairment charges
|
67,226 |
37,610 |
49,739 |
0 |
|
Amortization of deferred financing costs
|
3,583 |
3,004 |
3,058 |
3,263 |
|
Gain on sale of assets
|
(2,324) |
(43,422) |
0 |
(6,943) |
|
Loss on early extinguishment of debt
|
NA
|
NA
|
NA
|
35,626 |
|
Equity in earnings of unconsolidated joint ventures
|
(1,126) |
(7,839) |
(924) |
(1,937) |
|
Equity-based compensation expense
|
12,517 |
18,120 |
14,669 |
13,585 |
|
Amortization of debt (premiums) and discounts, net
|
482 |
448 |
416 |
462 |
|
Amortization (accretion) of market rent rate adjustments, net
|
2,721 |
1,432 |
2,577 |
2,829 |
|
Straight-line rent adjustments
|
3,372 |
(7,721) |
(5,844) |
(5,632) |
|
Distributions of cumulative earnings from unconsolidated joint ventures
|
3,490 |
7,587 |
7,941 |
10,697 |
|
Other non-cash
|
0 |
3,638 |
0 |
0 |
|
Changes in other asset and liabilities
|
Other assets
|
(5,366) |
(4,159) |
2,079 |
365 |
|
Accounts payable and accrued expenses
|
1,042 |
(4,288) |
7,322 |
1,224 |
|
Net cash provided by operating activities
|
164,747 |
220,452 |
258,318 |
253,159 |
|
Additions to rental property
|
(28,566) |
(47,884) |
(64,253) |
(166,231) |
|
Additions to investments in unconsolidated joint ventures
|
(10,601) |
(2,316) |
(1,916) |
(5,892) |
|
Net proceeds on sale of assets
|
7,626 |
128,505 |
0 |
39,213 |
|
Distributions in excess of cumulative earnings from unconsolidated joint ventures
|
9,071 |
17,819 |
25,232 |
25,084 |
|
Additions to non-real estate assets
|
(1,872) |
(1,155) |
(1,330) |
(8,909) |
|
Additions to deferred lease costs
|
(3,061) |
(5,142) |
(6,703) |
(6,584) |
|
Other investing activities
|
8,632 |
9,462 |
8,947 |
5,774 |
|
Net cash provided by (used in) investing activities
|
(18,771) |
99,289 |
(40,023) |
(117,545) |
|
Cash dividends paid
|
(66,563) |
(132,664) |
(131,244) |
(130,166) |
|
Distributions to noncontrolling interests in Operating Partnership
|
(3,499) |
(7,018) |
(6,955) |
(6,800) |
|
Proceeds from revolving credit facility
|
641,630 |
282,870 |
491,900 |
719,521 |
|
Repayments of revolving credit facility
|
(641,630) |
(427,970) |
(554,900) |
(572,421) |
|
Proceeds from notes, mortgages and loans
|
0 |
0 |
25,000 |
299,460 |
|
Repayments of notes, mortgages and loans
|
(3,566) |
(3,369) |
(11,783) |
(373,258) |
|
Payment of make-whole premium related to early extinguishment of debt
|
NA
|
NA
|
NA
|
(34,143) |
|
Repurchase of common shares, including transaction costs
|
0 |
(20,000) |
(19,998) |
(49,361) |
|
Employee income taxes paid related to shares withheld upon vesting of equity awards
|
(736) |
(2,524) |
(2,068) |
(2,436) |
|
Additions to deferred financing costs
|
(1,891) |
(115) |
(4,428) |
(2,850) |
|
Proceeds from exercise of options
|
NA
|
NA
|
NA
|
54 |
|
Proceeds from other financing activities
|
72 |
47 |
626 |
12,054 |
|
Payment for other financing activities
|
(1,410) |
(1,390) |
(1,353) |
(1,333) |
|
Net cash used in financing activities
|
(77,593) |
(312,133) |
(215,203) |
(141,679) |
|
Effect of foreign currency rate changes on cash and cash equivalents
|
(223) |
(19) |
(110) |
(56) |
|
Net increase in cash, cash equivalents and restricted cash
|
68,160 |
7,589 |
2,982 |
(6,121) |
|
Cash and cash equivalents, beginning of period
|
16,672 |
9,083 |
6,101 |
12,222 |
|
Cash and cash equivalents, end of period
|
84,832 |
16,672 |
9,083 |
6,101 |
|