Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,089 $ 29,267
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 46,545 46,438
Depreciation and amortization on discontinued operations 297 1,643
Amortization of stock compensation 606 934
Amortization of deferred financing costs and debt discount 773 611
Equity in loss (earnings) of unconsolidated joint venture, net 1,750 (600)
Distributions of cumulative earnings from unconsolidated joint ventures 453 125
Realized (gains) and unrealized losses on disposition of rental property, net   (4,012)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (6,335) (756)
Increase in deferred charges, goodwill and other assets (8,862) (10,910)
Decrease (increase) in accounts receivable, net 74 (737)
Increase in accounts payable, accrued expenses and other liabilities 9,797 6,129
(Decrease) increase in rents received in advance and security deposits (3,339) 606
Decrease in accrued interest payable (5,783) (11,832)
Net cash provided by operating activities 49,065 56,906
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (61,318)  
Rental property additions and improvements (25,214) (17,424)
Development of rental property (9,121) (3,701)
Investment in unconsolidated joint ventures (30,523) (32,288)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,233 988
Payment of contingent consideration (2,755)  
Increase in restricted cash (1,080) (642)
Net cash used in investing activities (128,778) (53,067)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 153,500 207,526
Repayment of revolving credit facility (61,500) (64,026)
Repayment of senior unsecured notes   (100,000)
Proceeds from mortgages and loans payable 1,363  
Repayment of mortgages, loans payable and other obligations (2,643) (2,339)
Payment of financing costs (236)  
Payment of dividends and distributions (44,832) (44,972)
Net cash provided by (used in) financing activities 45,652 (3,811)
Net increase (decrease) in cash and cash equivalents (34,061) 28
Cash and cash equivalents, beginning of period 58,245 20,496
Cash and cash equivalents, end of period $ 24,184 $ 20,524