Consolidated Statements of Cash Flows (USD $) | 6 Months Ended |
Jun. 30, 2014 | Jun. 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 | $4,534,000 | $6,159,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common stock issuance | ' | 99,774,000 |
Parent Company [Member] | ' | ' |
Proceeds from Issuance of Unsecured Debt | 248,705,000 | 0 |
Cash flows from operating activities: | ' | ' |
Net income | 56,217,000 | 58,603,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 73,928,000 | 65,170,000 |
Amortization of deferred loan cost and debt premium | 5,675,000 | 6,175,000 |
Accretion of above and below market lease intangibles, net | -1,698,000 | -1,042,000 |
Stock-based compensation, net of capitalization | 4,534,000 | 6,159,000 |
Equity in income of investments in real estate partnerships | -16,640,000 | -11,888,000 |
Net gain on sale of properties | -2,406,000 | -13,127,000 |
Provision for impairment | -225,000 | 0 |
Distribution of earnings from operations of investments in real estate partnerships | -18,736,000 | -24,376,000 |
Loss on settlement of derivative instruments | -4,648,000 | 0 |
Loss on derivative instruments | -9,000 | -9,000 |
Deferred compensation expense | 830,000 | 1,051,000 |
Realized and unrealized gains on trading securities held in trust | -847,000 | -1,051,000 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 37,000 | 1,118,000 |
Accounts receivable | -10,365,000 | -328,000 |
Straight-line rent receivables, net | -3,062,000 | -2,612,000 |
Deferred leasing costs | -5,323,000 | -4,212,000 |
Other assets | -2,016,000 | -3,175,000 |
Accounts payable and other liabilities | -1,964,000 | -12,028,000 |
Tenants’ security and escrow deposits and prepaid rent | -904,000 | -3,846,000 |
Net cash provided by operating activities | 119,596,000 | 109,334,000 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -79,444,000 | -26,676,000 |
Development of real estate, including acquisition of land | -93,764,000 | -84,209,000 |
Proceeds from sale of real estate investments | 7,790,000 | 84,699,000 |
Collection of notes receivable | 0 | 6,025,000 |
Investments in real estate partnerships | -4,287,000 | -8,060,000 |
Distributions received from investments in real estate partnerships | 21,496,000 | 11,457,000 |
Dividends on trading securities held in trust | 66,000 | 70,000 |
Acquisition of securities | -18,195,000 | -15,679,000 |
Proceeds from sale of securities | 3,702,000 | 10,632,000 |
Net cash used in investing activities | -162,636,000 | -21,741,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common stock issuance | 0 | 98,278,000 |
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 | -938,000 | -3,272,000 |
Distributions to exchangeable operating partnership unit holders | -152,000 | -171,000 |
Dividends paid to common stockholders | -85,928,000 | -83,296,000 |
Dividends paid to preferred stockholders | -10,531,000 | -5,265,000 |
Proceeds from unsecured credit facilities | 245,000,000 | 77,000,000 |
Repayment of unsecured credit facilities | -235,000,000 | -122,000,000 |
Proceeds from notes payable | 655,000 | 8,250,000 |
Repayments of Notes Payable | 6,615,000 | 16,349,000 |
Scheduled principal payments | -3,413,000 | -3,893,000 |
Payment of loan costs | -2,391,000 | -115,000 |
Net cash used in financing activities | -908,000 | -50,799,000 |
Repayments of Unsecured Debt | 150,000,000 | 0 |
Net (decrease) increase in cash and cash equivalents | -43,948,000 | 36,794,000 |
Cash and cash equivalents at beginning of the period | 80,684,000 | 22,349,000 |
Cash and cash equivalents at end of the period | 36,736,000 | 59,143,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $3,272 and $2,305 in 2014 and 2013, respectively) | 54,083,000 | 54,670,000 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Preferred unit and stock distribution declared and not paid | 0 | 5,266,000 |
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 | 24,646,000 | 21,720,000 |
Common stock issued for dividend reinvestment plan | 604,000 | 578,000 |
Stock-based compensation capitalized | 1,410,000 | 948,000 |
Contributions from limited partners in consolidated partnerships, net | 95,000 | 0 |
Common stock issued for dividend reinvestment in trust | 384,000 | 320,000 |
Contribution of stock awards into trust | 1,846,000 | 1,504,000 |
Distribution of stock held in trust | 4,000 | 201,000 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | 914,000 | 0 |
Partnership Interest [Member] | ' | ' |
Proceeds from Issuance of Unsecured Debt | 248,705,000 | 0 |
Cash flows from operating activities: | ' | ' |
Net income | 56,217,000 | 58,603,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 73,928,000 | 65,170,000 |
Amortization of deferred loan cost and debt premium | 5,675,000 | 6,175,000 |
Accretion of above and below market lease intangibles, net | -1,698,000 | -1,042,000 |
Stock-based compensation, net of capitalization | 4,534,000 | 6,159,000 |
Equity in income of investments in real estate partnerships | -16,640,000 | -11,888,000 |
Net gain on sale of properties | -2,406,000 | -13,127,000 |
Provision for impairment | -225,000 | 0 |
Distribution of earnings from operations of investments in real estate partnerships | -18,736,000 | -24,376,000 |
Loss on settlement of derivative instruments | -4,648,000 | 0 |
Loss on derivative instruments | -9,000 | -9,000 |
Deferred compensation expense | 830,000 | 1,051,000 |
Realized and unrealized gains on trading securities held in trust | -847,000 | -1,051,000 |
Changes in assets and liabilities: | ' | ' |
Restricted cash | 37,000 | 1,118,000 |
Accounts receivable | -10,365,000 | -328,000 |
Straight-line rent receivables, net | -3,062,000 | -2,612,000 |
Deferred leasing costs | -5,323,000 | -4,212,000 |
Other assets | -2,016,000 | -3,175,000 |
Accounts payable and other liabilities | -1,964,000 | -12,028,000 |
Tenants’ security and escrow deposits and prepaid rent | -904,000 | -3,846,000 |
Net cash provided by operating activities | 119,596,000 | 109,334,000 |
Cash flows from investing activities: | ' | ' |
Acquisition of operating real estate | -79,444,000 | -26,676,000 |
Development of real estate, including acquisition of land | -93,764,000 | -84,209,000 |
Proceeds from sale of real estate investments | 7,790,000 | 84,699,000 |
Collection of notes receivable | 0 | 6,025,000 |
Investments in real estate partnerships | -4,287,000 | -8,060,000 |
Distributions received from investments in real estate partnerships | 21,496,000 | 11,457,000 |
Dividends on trading securities held in trust | 66,000 | 70,000 |
Acquisition of securities | -18,195,000 | -15,679,000 |
Proceeds from sale of securities | 3,702,000 | 10,632,000 |
Net cash used in investing activities | -162,636,000 | -21,741,000 |
Cash flows from financing activities: | ' | ' |
Net proceeds from common units issued as a result of common stock issued by Parent Company | 0 | 98,278,000 |
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 | -938,000 | -3,272,000 |
Dividends paid to common stockholders | -86,080,000 | -83,467,000 |
Dividends paid to preferred stockholders | -10,531,000 | -5,265,000 |
Proceeds from unsecured credit facilities | 245,000,000 | 77,000,000 |
Repayment of unsecured credit facilities | -235,000,000 | -122,000,000 |
Proceeds from notes payable | 655,000 | 8,250,000 |
Repayments of Notes Payable | 6,615,000 | 16,349,000 |
Scheduled principal payments | -3,413,000 | -3,893,000 |
Payment of loan costs | -2,391,000 | -115,000 |
Net cash used in financing activities | -908,000 | -50,799,000 |
Repayments of Unsecured Debt | 150,000,000 | 0 |
Net (decrease) increase in cash and cash equivalents | -43,948,000 | 36,794,000 |
Cash and cash equivalents at beginning of the period | 80,684,000 | 22,349,000 |
Cash and cash equivalents at end of the period | 36,736,000 | 59,143,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest (net of capitalized interest of $3,272 and $2,305 in 2014 and 2013, respectively) | 54,083,000 | 54,670,000 |
Supplemental disclosure of non-cash transactions: | ' | ' |
Preferred unit and stock distribution declared and not paid | 0 | 5,266,000 |
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 | 24,646,000 | 21,720,000 |
Common stock issued for dividend reinvestment plan | 604,000 | 578,000 |
Stock-based compensation capitalized | 1,410,000 | 948,000 |
Contributions from limited partners in consolidated partnerships, net | 95,000 | 0 |
Non-controlling interest recorded, fair value | ' | 0 |
Common stock issued for dividend reinvestment in trust | 384,000 | 320,000 |
Contribution of stock awards into trust | 1,846,000 | 1,504,000 |
Distribution of stock held in trust | 4,000 | 201,000 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | $914,000 | $0 |