Net income
|
83,770 |
123,325 |
162,038 |
216,970 |
225,138 |
|
Depreciation and amortization
|
88,615 |
119,618 |
150,279 |
181,826 |
164,635 |
|
Amortization of deferred financing costs and other noncash interest expense
|
6,507 |
7,267 |
9,978 |
9,549 |
6,452 |
|
Amortization of equity-based compensation
|
4,735 |
7,022 |
7,931 |
8,608 |
8,083 |
|
Provisions for impairment
|
1,000 |
1,720 |
13,440 |
7,810 |
9,951 |
|
Net gain on dispositions of real estate
|
(1,322) |
(13,296) |
(39,609) |
(45,528) |
(72,395) |
|
Loss (gain) on defeasance/extinguishment of debt
|
NA
|
0 |
0 |
(814) |
735 |
|
Noncash revenue and other
|
135 |
54 |
3,733 |
2,291 |
(1,455) |
|
Payments (made) received in settlement of cash flow hedges
|
NA
|
0 |
0 |
4,288 |
(6,735) |
|
Changes in operating assets and liabilities
|
Other assets
|
(3,803) |
(5,340) |
(4,126) |
(4,926) |
(3,868) |
|
Accrued expenses, deferred revenue and other liabilities
|
7,365 |
5,934 |
5,761 |
11,604 |
5,133 |
|
Net cash provided by operating activities
|
187,002 |
246,304 |
309,425 |
391,678 |
335,674 |
|
Acquisition of and additions to real estate
|
(1,114,641) |
(1,153,141) |
(1,335,305) |
(1,514,718) |
(1,020,961) |
|
Investment in loans and financing receivables
|
(107,395) |
(44,297) |
(35,229) |
(88,088) |
(143,885) |
|
Collections of principal on loans and financing receivables
|
5,356 |
5,680 |
29,770 |
5,205 |
6,820 |
|
Proceeds from dispositions of real estate
|
38,671 |
61,385 |
239,893 |
230,563 |
409,939 |
|
Net cash used in investing activities
|
(1,178,009) |
(1,130,373) |
(1,100,871) |
(1,367,038) |
(748,087) |
|
Borrowings under credit facility
|
651,000 |
599,000 |
642,000 |
988,000 |
521,100 |
|
Repayments under credit facility
|
(651,000) |
(551,000) |
(400,000) |
(1,143,000) |
(656,100) |
|
Borrowings under unsecured notes and term loans payable
|
175,000 |
300,000 |
100,000 |
348,303 |
347,410 |
|
Borrowings under non-recourse debt obligations of consolidated special purpose entities
|
385,965 |
264,894 |
134,961 |
591,843 |
41,690 |
|
Repayments under non-recourse debt obligations of consolidated special purpose entities
|
(39,147) |
(29,115) |
(237,998) |
(283,770) |
(28,930) |
|
Financing and defeasance costs paid
|
(12,608) |
(8,912) |
(2,764) |
(15,521) |
(4,627) |
|
Proceeds from the issuance of common stock
|
542,142 |
478,704 |
754,357 |
753,918 |
459,924 |
|
Stock issuance costs paid
|
(20,721) |
(15,437) |
(11,834) |
(12,167) |
(7,282) |
|
Shares repurchased under stock compensation plans
|
0 |
(1,719) |
(1,346) |
(2,835) |
(5,032) |
|
Dividends paid
|
(107,912) |
(162,618) |
(209,918) |
(255,572) |
(224,975) |
|
Net cash provided by financing activities
|
922,719 |
873,797 |
767,458 |
969,199 |
443,178 |
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
(68,288) |
(10,272) |
(23,988) |
(6,161) |
30,765 |
|
Cash, cash equivalents and restricted cash, beginning of period
|
151,726 |
83,438 |
73,166 |
49,178 |
43,017 |
|
Cash, cash equivalents and restricted cash, end of period
|
83,438 |
73,166 |
49,178 |
43,017 |
73,782 |
|
Cash and cash equivalents
|
67,115 |
54,200 |
42,937 |
27,511 |
27,553 |
|
Restricted cash included in other assets
|
16,323 |
18,966 |
6,241 |
15,506 |
46,229 |
|
Total cash, cash equivalents and restricted cash
|
83,438 |
73,166 |
49,178 |
43,017 |
73,782 |
|
Accrued tenant improvements included in real estate investments
|
15,924 |
23,911 |
25,884 |
34,769 |
20,522 |
|
Net real estate assets surrendered to lender
|
NA
|
0 |
0 |
12,573 |
0 |
|
Seller financing provided to purchasers of real estate sold
|
0 |
17,479 |
0 |
0 |
NA
|
|
Acquisition of collateral property securing a mortgage note receivable
|
0 |
0 |
2,000 |
0 |
13,574 |
|
Accrued financing costs
|
15 |
NA
|
NA
|
NA
|
NA
|
|
Non-recourse debt obligation assumed by purchaser of real estate
|
NA
|
0 |
0 |
20,845 |
0 |
|
Non-recourse debt forgiven by lender in exchange for collateral assets
|
NA
|
0 |
0 |
12,874 |
0 |
|
Accrued financing and stock issuance costs
|
750 |
105 |
101 |
211 |
322 |
|
Cash paid during the period for interest, net of amounts capitalized
|
73,636 |
95,968 |
109,898 |
115,425 |
108,295 |
|
Cash paid during the period for income and franchise taxes
|
1,005 |
1,194 |
1,666 |
1,930 |
2,114 |
|