Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Stock-based compensation, net of capitalization | $9,227 | $7,331 |
Cash flows from investing activities: | ' | ' |
Proceeds from Issuance of Common Stock | 101,342 | ' |
Parent Company [Member] | ' | ' |
Cash flows from operating activities: | ' | ' |
Net income | 99,268 | 57,903 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 98,620 | 96,217 |
Amortization of deferred loan cost and debt premium | 9,265 | 9,619 |
Accretion of above and below market lease intangibles, net | -1,646 | -667 |
Stock-based compensation, net of capitalization | 9,227 | 7,332 |
Equity in income of investments in real estate partnerships | -25,150 | -19,173 |
Net gain on sale of properties | -29,235 | -10,646 |
Provision for impairment | -6,000 | -24,655 |
Gains (Losses) on Extinguishment of Debt | 0 | 852 |
Distribution of earnings from operations of investments in real estate partnerships | -34,772 | -28,550 |
Loss on derivative instruments | -14 | -17 |
Deferred compensation expense | 2,023 | 1,840 |
Realized and unrealized gains on trading securities held in trust | -2,024 | -1,878 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 1,185 | -83 |
Accounts receivable | -2,200 | 5,040 |
Straight-line rent receivables, net | -3,850 | -4,656 |
Deferred leasing costs | -6,599 | -8,869 |
Other assets | -1,767 | -2,140 |
Accounts payable and other liabilities | 8,137 | 17,734 |
Tenantsb security and escrow deposits and prepaid rent | 4,550 | -5,559 |
Net cash provided by operating activities | 200,562 | 196,054 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -26,676 | -58,015 |
Development of real estate, including acquisition of land | -162,419 | -117,550 |
Proceeds from sale of real estate investments | 136,997 | 315,235 |
Payments for (Proceeds from) Loans Receivable | -6,015 | 579 |
Investments in real estate partnerships | -10,844 | -53,587 |
Distributions received from investments in real estate partnerships | 31,457 | 29,463 |
Dividends on trading securities held in trust | 95 | 130 |
Acquisition of securities | -17,795 | -13,635 |
Proceeds from sale of securities | 12,732 | 13,900 |
Net cash (used in) provided by investing activities | -30,438 | 115,362 |
Proceeds from Issuance of Common Stock | 99,753 | 21,677 |
Cash flows from financing activities: | ' | ' |
Net proceeds from issuance of preferred stock | 0 | 313,505 |
Proceeds from sale of treasury stock | 34 | 339 |
Acquisition of treasury stock | 0 | -4 |
Redemption of preferred stock and partnership units | 0 | -323,125 |
Payments to Noncontrolling Interests | 3,288 | -1,484 |
Distributions | -245 | -246 |
Payments of Preferred Dividends, Noncontrolling Interest | 0 | -404 |
Dividends, Common Stock, Cash | 126,604 | 124,140 |
Dividends paid to common stockholders | -125,528 | -123,155 |
Dividends paid to preferred stockholders | -15,797 | -13,373 |
Repayment of debt | 0 | -192,377 |
Proceeds from Lines of Credit | 82,000 | 535,000 |
Repayments of Lines of Credit | -152,000 | -510,000 |
Proceeds from notes payable | 8,250 | 0 |
Repayments of Notes Payable | -16,439 | 0 |
Scheduled principal payments | -6,352 | -6,484 |
Payment of loan costs | -159 | -4,305 |
Net cash used in financing activities | -129,771 | -301,468 |
Net increase in cash and cash equivalents | 40,353 | 9,948 |
Cash and cash equivalents at beginning of the period | 22,349 | 11,402 |
Cash and cash equivalents at end of the period | 62,702 | 21,350 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $4,174 and $2,477 in 2013 and 2012, respectively) | 72,607 | 80,742 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Preferred unit and stock distribution declared and not paid | 0 | 4,615 |
Stock Issued During Period, Value, Conversion of Units | 302 | 0 |
Real estate received through distribution in kind | 7,576 | 0 |
Mortgage loans assumed for the acquisition of real estate | 0 | 0 |
Real Estate Owned, Transfer from Real Estate Owned | 0 | 47,500 |
Noncash or Part Noncash Acquisition, Other Assets Acquired | 7,646 | 0 |
Real estate acquired through elimination of note receivable | 0 | 12,585 |
Change in fair value of derivative instruments | 22,249 | -67 |
Stock-based compensation capitalized | 1,567 | 1,453 |
Contributions from limited partners in consolidated partnerships, net | 0 | 986 |
Common stock issued for dividend reinvestment in trust | 489 | 439 |
Contribution of stock awards into trust | 1,522 | 821 |
Distribution of stock held in trust | 201 | 1,191 |
Partnership Interest [Member] | ' | ' |
Cash flows from operating activities: | ' | ' |
Net income | 99,268 | 57,903 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 98,620 | 96,217 |
Amortization of deferred loan cost and debt premium | 9,265 | 9,619 |
Accretion of above and below market lease intangibles, net | -1,646 | -667 |
Stock-based compensation, net of capitalization | 9,227 | 7,332 |
Equity in income of investments in real estate partnerships | -25,150 | -19,173 |
Net gain on sale of properties | -29,235 | -10,646 |
Provision for impairment | -6,000 | -24,655 |
Gains (Losses) on Extinguishment of Debt | 0 | 852 |
Distribution of earnings from operations of investments in real estate partnerships | -34,772 | -28,550 |
Loss on derivative instruments | -14 | -17 |
Deferred compensation expense | 2,023 | 1,840 |
Realized and unrealized gains on trading securities held in trust | -2,024 | -1,878 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 1,185 | -83 |
Accounts receivable | -2,200 | 5,040 |
Straight-line rent receivables, net | -3,850 | -4,656 |
Deferred leasing costs | -6,599 | -8,869 |
Other assets | -1,767 | -2,140 |
Accounts payable and other liabilities | 8,137 | 17,734 |
Tenantsb security and escrow deposits and prepaid rent | 4,550 | -5,559 |
Net cash provided by operating activities | 200,562 | 196,054 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -26,676 | -58,015 |
Development of real estate, including acquisition of land | -162,419 | -117,550 |
Proceeds from sale of real estate investments | 136,997 | 315,235 |
Payments for (Proceeds from) Loans Receivable | -6,015 | 579 |
Investments in real estate partnerships | -10,844 | -53,587 |
Distributions received from investments in real estate partnerships | 31,457 | 29,463 |
Dividends on trading securities held in trust | 95 | 130 |
Acquisition of securities | -17,795 | -13,635 |
Proceeds from sale of securities | 12,732 | 13,900 |
Net cash (used in) provided by investing activities | -30,438 | 115,362 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common units issued as a result of common stock issued by Parent Company | 99,753 | 21,677 |
Net proceeds from issuance of preferred stock | 0 | 313,505 |
Proceeds from sale of treasury stock | 34 | 339 |
Acquisition of treasury stock | 0 | -4 |
Redemption of preferred stock and partnership units | 0 | -323,125 |
Payments to Noncontrolling Interests | 3,288 | -1,484 |
Dividends paid to common stockholders | -125,773 | -123,401 |
Dividends paid to preferred stockholders | -15,797 | -13,777 |
Repayment of debt | 0 | -192,377 |
Proceeds from Lines of Credit | 82,000 | 535,000 |
Repayments of Lines of Credit | -152,000 | -510,000 |
Proceeds from notes payable | 8,250 | 0 |
Repayments of Notes Payable | -16,439 | 0 |
Scheduled principal payments | -6,352 | -6,484 |
Payment of loan costs | -159 | -4,305 |
Net cash used in financing activities | -129,771 | -301,468 |
Net increase in cash and cash equivalents | 40,353 | 9,948 |
Cash and cash equivalents at beginning of the period | 22,349 | 11,402 |
Cash and cash equivalents at end of the period | 62,702 | 21,350 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $4,174 and $2,477 in 2013 and 2012, respectively) | 72,607 | 80,742 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Preferred unit and stock distribution declared and not paid | 0 | 4,615 |
Stock Issued During Period, Value, Conversion of Units | 302 | 0 |
Real estate received through distribution in kind | 7,576 | 0 |
Mortgage loans assumed for the acquisition of real estate | 0 | 0 |
Real Estate Owned, Transfer from Real Estate Owned | 0 | 47,500 |
Noncash or Part Noncash Acquisition, Other Assets Acquired | 7,646 | 0 |
Real estate acquired through elimination of note receivable | 0 | 12,585 |
Change in fair value of derivative instruments | 22,249 | -67 |
Common stock issued for dividend reinvestment plan | 831 | 740 |
Stock-based compensation capitalized | 1,567 | 1,453 |
Contributions from limited partners in consolidated partnerships, net | 0 | 986 |
Common stock issued for dividend reinvestment in trust | 489 | 439 |
Contribution of stock awards into trust | 1,522 | 821 |
Distribution of stock held in trust | 201 | 1,191 |
Grand Ridge Plaza [Member] | Parent Company [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Mortgage loans assumed for the acquisition of real estate | ' | 12,810 |
Grand Ridge Plaza [Member] | Partnership Interest [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Mortgage loans assumed for the acquisition of real estate | ' | 12,810 |
Hilltop Village [Member] | Parent Company [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Mortgage loans assumed for the acquisition of real estate | 7,500 | ' |
Hilltop Village [Member] | Partnership Interest [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Mortgage loans assumed for the acquisition of real estate | 7,500 | ' |
Total Noncontrolling Interests [Member] | Parent Company [Member] | ' | ' |
Cash flows from operating activities: | ' | ' |
Net income | 1,055 | 123 |
Cash flows from financing activities: | ' | ' |
Dividends, Common Stock, Cash | ' | 246 |
Total Noncontrolling Interests [Member] | Parent Company [Member] | Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | ' | ' |
Cash flows from financing activities: | ' | ' |
Dividends, Common Stock, Cash | -245 | ' |
Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | Parent Company [Member] | ' | ' |
Cash flows from operating activities: | ' | ' |
Net income | 183 | 116 |
Cash flows from financing activities: | ' | ' |
Dividends, Common Stock, Cash | 245 | ' |
Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | Parent Company [Member] | Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | ' | ' |
Cash flows from financing activities: | ' | ' |
Dividends, Common Stock, Cash | ' | -246 |
Common Stock [Member] | Parent Company [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Stock Issued During Period, Value, Conversion of Units | 0 | ' |
Common stock issued for dividend reinvestment plan | 831 | 740 |
Common Stock [Member] | Total Noncontrolling Interests [Member] | Parent Company [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Stock Issued During Period, Value, Conversion of Units | -302 | ' |
Common stock issued for dividend reinvestment plan | 0 | 0 |
Common Stock [Member] | Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | Parent Company [Member] | ' | ' |
Supplemental disclosure of non-cash transactions: | ' | ' |
Stock Issued During Period, Value, Conversion of Units | -302 | ' |
Common stock issued for dividend reinvestment plan | $0 | $0 |