Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
Share data in Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Document Fiscal Year Focus | '2014 | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Stock-based compensation, net of capitalization | $6,885,000 | $9,227,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common stock issuance | 49,995,000 | 101,342,000 |
Parent Company [Member] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Equity Forward Agreements | 0 | 0 |
Noncash or Part Noncash Acquisition, Other Assets Acquired | 0 | 7,646,000 |
Proceeds from Issuance of Unsecured Debt | 248,705,000 | 0 |
Cash flows from operating activities: | ' | ' |
Net income | 109,659,000 | 99,268,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 110,355,000 | 98,620,000 |
Amortization of deferred loan cost and debt premium | 8,095,000 | 9,265,000 |
Accretion of above and below market lease intangibles, net | -2,315,000 | -1,646,000 |
Stock-based compensation, net of capitalization | 6,885,000 | 9,227,000 |
Equity in income of investments in real estate partnerships | -22,353,000 | -25,150,000 |
Net gain on sale of properties | -29,598,000 | -29,235,000 |
Provision for impairment | -225,000 | -6,000,000 |
Distribution of earnings from operations of investments in real estate partnerships | -30,008,000 | -34,772,000 |
Loss on settlement of derivative instruments | -4,648,000 | 0 |
Hedge ineffectiveness | -13,000 | -14,000 |
Deferred compensation expense | 610,000 | 2,023,000 |
Realized and unrealized gains on trading securities held in trust | -612,000 | -2,024,000 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 497,000 | 1,185,000 |
Accounts receivable | -2,801,000 | -2,200,000 |
Straight-line rent receivables, net | -4,724,000 | -3,850,000 |
Deferred leasing costs | -6,416,000 | -6,599,000 |
Other assets | 131,000 | -1,767,000 |
Accounts payable and other liabilities | 15,018,000 | 8,137,000 |
Tenants’ security and escrow deposits and prepaid rent | 511,000 | 4,550,000 |
Net cash provided by operating activities | 217,810,000 | 200,562,000 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -98,018,000 | -26,676,000 |
Development of real estate, including acquisition of land | -160,552,000 | -162,419,000 |
Proceeds from sale of real estate investments | 62,788,000 | 136,997,000 |
Collection of notes receivable | 0 | 6,015,000 |
Investments in real estate partnerships | -6,012,000 | -10,844,000 |
Distributions received from investments in real estate partnerships | 29,916,000 | 31,457,000 |
Dividends on trading securities held in trust | 100,000 | 95,000 |
Acquisition of securities | -19,866,000 | -17,795,000 |
Proceeds from sale of securities | 5,344,000 | 12,732,000 |
Net cash used in investing activities | -186,300,000 | -30,438,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common stock issuance | 49,300,000 | 99,753,000 |
Proceeds from sale of treasury stock | 0 | 34,000 |
Redemption of preferred stock and partnership units | -300,000 | 0 |
Distributions to limited partners in consolidated partnerships, net | -4,619,000 | -3,288,000 |
Distributions to exchangeable operating partnership unit holders | -228,000 | -245,000 |
Dividends paid to common stockholders | -129,044,000 | -125,528,000 |
Dividends paid to preferred stockholders | -15,797,000 | -15,797,000 |
Proceeds from unsecured credit facilities | 255,000,000 | 82,000,000 |
Repayment of unsecured credit facilities | -255,000,000 | -152,000,000 |
Proceeds from notes payable | 12,025,000 | 8,250,000 |
Repayments of Notes Payable | 13,487,000 | 16,439,000 |
Scheduled principal payments | -5,068,000 | -6,352,000 |
Payment of loan costs | -2,973,000 | -159,000 |
Net cash used in financing activities | -11,486,000 | -129,771,000 |
Repayments of Unsecured Debt | 150,000,000 | 0 |
Net increase in cash and cash equivalents | 20,024,000 | 40,353,000 |
Cash and cash equivalents at beginning of the period | 80,684,000 | 22,349,000 |
Cash and cash equivalents at end of the period | 100,708,000 | 62,702,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $ 5,158 and $4,174 in 2014 and 2013, respectively) | 72,573,000 | 72,607,000 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Real estate received through distribution in kind | 0 | 7,576,000 |
Mortgage loans assumed through distribution in kind | 0 | 7,500,000 |
Mortgage loans assumed for the acquisition of real estate, net of premiums | 78,049,000 | 0 |
Change in fair value of derivative instruments | -28,144,000 | 22,249,000 |
Common stock issued for dividend reinvestment plan | 895,000 | 831,000 |
Stock-based compensation capitalized | 2,026,000 | 1,567,000 |
Contributions from limited partners in consolidated partnerships, net | 116,000 | 0 |
Common stock issued for dividend reinvestment in trust | 581,000 | 489,000 |
Contribution of stock awards into trust | 1,865,000 | 1,522,000 |
Distribution of stock held in trust | 4,000 | 201,000 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | 4,809,000 | 0 |
Partnership Interest [Member] | ' | ' |
Noncash or Part Noncash Acquisition, Other Assets Acquired | 0 | 7,646,000 |
Proceeds from Issuance of Unsecured Debt | 248,705,000 | 0 |
Cash flows from operating activities: | ' | ' |
Net income | 109,659,000 | 99,268,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 110,355,000 | 98,620,000 |
Amortization of deferred loan cost and debt premium | 8,095,000 | 9,265,000 |
Accretion of above and below market lease intangibles, net | -2,315,000 | -1,646,000 |
Stock-based compensation, net of capitalization | 6,885,000 | 9,227,000 |
Equity in income of investments in real estate partnerships | -22,353,000 | -25,150,000 |
Net gain on sale of properties | -29,598,000 | -29,235,000 |
Provision for impairment | -225,000 | -6,000,000 |
Distribution of earnings from operations of investments in real estate partnerships | -30,008,000 | -34,772,000 |
Loss on settlement of derivative instruments | -4,648,000 | 0 |
Hedge ineffectiveness | -13,000 | -14,000 |
Deferred compensation expense | 610,000 | 2,023,000 |
Realized and unrealized gains on trading securities held in trust | -612,000 | -2,024,000 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 497,000 | 1,185,000 |
Accounts receivable | -2,801,000 | -2,200,000 |
Straight-line rent receivables, net | -4,724,000 | -3,850,000 |
Deferred leasing costs | -6,416,000 | -6,599,000 |
Other assets | 131,000 | -1,767,000 |
Accounts payable and other liabilities | 15,018,000 | 8,137,000 |
Tenants’ security and escrow deposits and prepaid rent | 511,000 | 4,550,000 |
Net cash provided by operating activities | 217,810,000 | 200,562,000 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -98,018,000 | -26,676,000 |
Development of real estate, including acquisition of land | -160,552,000 | -162,419,000 |
Proceeds from sale of real estate investments | 62,788,000 | 136,997,000 |
Collection of notes receivable | 0 | 6,015,000 |
Investments in real estate partnerships | -6,012,000 | -10,844,000 |
Distributions received from investments in real estate partnerships | 29,916,000 | 31,457,000 |
Dividends on trading securities held in trust | 100,000 | 95,000 |
Acquisition of securities | -19,866,000 | -17,795,000 |
Proceeds from sale of securities | 5,344,000 | 12,732,000 |
Net cash used in investing activities | -186,300,000 | -30,438,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common units issued as a result of common stock issued by Parent Company | 49,300,000 | 99,753,000 |
Proceeds from sale of treasury stock | 0 | 34,000 |
Redemption of preferred stock and partnership units | -300,000 | 0 |
Distributions to limited partners in consolidated partnerships, net | -4,619,000 | -3,288,000 |
Dividends paid to common stockholders | -129,272,000 | -125,773,000 |
Dividends paid to preferred stockholders | -15,797,000 | -15,797,000 |
Proceeds from unsecured credit facilities | 255,000,000 | 82,000,000 |
Repayment of unsecured credit facilities | -255,000,000 | -152,000,000 |
Proceeds from notes payable | 12,025,000 | 8,250,000 |
Repayments of Notes Payable | 13,487,000 | 16,439,000 |
Scheduled principal payments | -5,068,000 | -6,352,000 |
Payment of loan costs | -2,973,000 | -159,000 |
Net cash used in financing activities | -11,486,000 | -129,771,000 |
Repayments of Unsecured Debt | 150,000,000 | 0 |
Net increase in cash and cash equivalents | 20,024,000 | 40,353,000 |
Cash and cash equivalents at beginning of the period | 80,684,000 | 22,349,000 |
Cash and cash equivalents at end of the period | 100,708,000 | 62,702,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $ 5,158 and $4,174 in 2014 and 2013, respectively) | 72,573,000 | 72,607,000 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Real estate received through distribution in kind | 0 | 7,576,000 |
Mortgage loans assumed through distribution in kind | 0 | 7,500,000 |
Mortgage loans assumed for the acquisition of real estate, net of premiums | 78,049,000 | 0 |
Change in fair value of derivative instruments | -28,144,000 | 22,249,000 |
Common stock issued for dividend reinvestment plan | 895,000 | 831,000 |
Stock-based compensation capitalized | 2,026,000 | 1,567,000 |
Contributions from limited partners in consolidated partnerships, net | 116,000 | 0 |
Non-controlling interest recorded, fair value | ' | 0 |
Common stock issued for dividend reinvestment in trust | 581,000 | 489,000 |
Contribution of stock awards into trust | 1,865,000 | 1,522,000 |
Distribution of stock held in trust | 4,000 | 201,000 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | $4,809,000 | $0 |