Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income (loss) | $115,292 | ($53,387) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation of buildings and tenant improvements | 214,118 | 193,479 |
Amortization of deferred leasing and other costs | 89,359 | 86,859 |
Amortization of deferred financing costs | 9,913 | 9,878 |
Straight-line rent adjustment | -12,421 | -15,725 |
Asset impairment charges | 3,777 | 0 |
Gain on acquisitions | -962 | 0 |
Gains on land and depreciated property sales | -105,525 | -11,424 |
Third-party construction contracts, net | 27,117 | -4,295 |
Other accrued revenues and expenses, net | 11,367 | -14,621 |
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies | -34,411 | 10,772 |
Net cash provided by operating activities | 317,624 | 201,536 |
Cash flows from investing activities: | ' | ' |
Development of real estate investments | -320,698 | -176,340 |
Acquisition of real estate investments and related intangible assets | -372,934 | -321,099 |
Acquisition of undeveloped land | -30,101 | -37,166 |
Second generation tenant improvements, leasing costs and building improvements | -60,052 | -46,682 |
Other deferred leasing costs | -26,647 | -22,727 |
Other assets | -14,725 | 674 |
Proceeds from land and depreciated property sales, net | 330,740 | 112,559 |
Capital distributions from unconsolidated companies | 106,306 | 4,890 |
Capital contributions and advances to unconsolidated companies | -38,959 | -19,262 |
Net cash provided by (used for) investing activities | -427,070 | -505,153 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of common shares, net | 632,531 | 236,301 |
Payments for redemption of preferred shares/units | -177,955 | -168,272 |
Proceeds from unsecured debt | 500,000 | 600,000 |
Payments on unsecured debt | -426,462 | -172,374 |
Proceeds from secured debt financings | 1,933 | 13,305 |
Payments on secured indebtedness including principal amortization | -112,097 | -107,240 |
Borrowings (payments) on lines of credit, net | -75,000 | -20,293 |
Dividends/Distributions to common shareholders/unitholders | -164,811 | -135,083 |
Dividends/Distributions to preferred shareholders/unitholders | -24,261 | -31,630 |
Contributions from (distributions to) noncontrolling interests, net | -2,692 | 2,788 |
Buyout of noncontrolling interests | 0 | -6,208 |
Change in book overdrafts | -44,225 | 0 |
Deferred financing costs | -7,292 | -8,334 |
Net cash provided by (used for) financing activities | 99,669 | 202,960 |
Net increase (decrease) in cash and cash equivalents | -9,777 | -100,657 |
Cash and cash equivalents at beginning of period | 33,889 | 213,809 |
Cash and cash equivalents at end of period | 24,112 | 113,152 |
Noncash investing and financing activities: | ' | ' |
Assumption of indebtedness and other liabilities in real estate acquisitions | 106,555 | 19,992 |
Carrying amount of pre-existing ownership interest in acquired property | 630 | 0 |
Conversion of Limited Partner Units to common shares | 338 | 29,002 |
Preferred distributions declared but not paid | 0 | 3,726 |
Subsidiary of Common Parent [Member] | ' | ' |
Cash flows from operating activities: | ' | ' |
Net income (loss) | 115,292 | -53,387 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation of buildings and tenant improvements | 214,118 | 193,479 |
Amortization of deferred leasing and other costs | 89,359 | 86,859 |
Amortization of deferred financing costs | 9,913 | 9,878 |
Straight-line rent adjustment | -12,421 | -15,725 |
Asset impairment charges | 3,777 | 0 |
Gain on acquisitions | -962 | 0 |
Gains on land and depreciated property sales | -105,525 | -11,424 |
Third-party construction contracts, net | 27,117 | -4,295 |
Other accrued revenues and expenses, net | 11,405 | -14,582 |
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies | -34,411 | 10,772 |
Net cash provided by operating activities | 317,662 | 201,575 |
Cash flows from investing activities: | ' | ' |
Development of real estate investments | -320,698 | -176,340 |
Acquisition of real estate investments and related intangible assets | -372,934 | -321,099 |
Acquisition of undeveloped land | -30,101 | -37,166 |
Second generation tenant improvements, leasing costs and building improvements | -60,052 | -46,682 |
Other deferred leasing costs | -26,647 | -22,727 |
Other assets | -14,725 | 674 |
Proceeds from land and depreciated property sales, net | 330,740 | 112,559 |
Capital distributions from unconsolidated companies | 106,306 | 4,890 |
Capital contributions and advances to unconsolidated companies | -38,959 | -19,262 |
Net cash provided by (used for) investing activities | -427,070 | -505,153 |
Cash flows from financing activities: | ' | ' |
Contributions from the General Partner | 632,531 | 236,301 |
Payments for redemption of preferred shares/units | -177,955 | -168,272 |
Proceeds from unsecured debt | 500,000 | 600,000 |
Payments on unsecured debt | -426,462 | -172,374 |
Proceeds from secured debt financings | 1,933 | 13,305 |
Payments on secured indebtedness including principal amortization | -112,097 | -107,240 |
Borrowings (payments) on lines of credit, net | -75,000 | -20,293 |
Dividends/Distributions to common shareholders/unitholders | -167,092 | -137,662 |
Dividends/Distributions to preferred shareholders/unitholders | -24,261 | -31,630 |
Contributions from (distributions to) noncontrolling interests, net | -449 | 5,311 |
Buyout of noncontrolling interests | 0 | -6,208 |
Change in book overdrafts | -44,225 | 0 |
Deferred financing costs | -7,292 | -8,334 |
Net cash provided by (used for) financing activities | 99,631 | 202,904 |
Net increase (decrease) in cash and cash equivalents | -9,777 | -100,674 |
Cash and cash equivalents at beginning of period | 33,889 | 213,826 |
Cash and cash equivalents at end of period | 24,112 | 113,152 |
Noncash investing and financing activities: | ' | ' |
Assumption of indebtedness and other liabilities in real estate acquisitions | 106,555 | 19,992 |
Carrying amount of pre-existing ownership interest in acquired property | 630 | 0 |
Conversion of Limited Partner Units to common shares | 338 | 29,002 |
Preferred distributions declared but not paid | $0 | $3,726 |