Operating Activities |
Consolidated net loss |
60.63M |
Adjustments to reconcile net loss to net cash provided by operating activities: |
Depreciation and amortization |
321.64M |
Net gain on sale of marketable securities |
Net gain on the sale of depreciable property |
Other debt charges |
Write off of bad debt |
Loss from unconsolidated entities |
-16.29M |
Amortization of deferred financing costs and other |
Amortization of deferred compensation |
Amortization of convertible debt discount |
Changes in income tax accruals |
Changes in operating assets and liabilities: |
(Increase)/decrease in operating assets |
-10.59M |
Decrease in operating liabilities |
1.37M |
Net cash provided by operating activities |
Investing Activities |
Proceeds from sales of real estate investments, net |
21.9M |
Proceeds from sale of marketable securities |
Payments related to the buyout of joint venture partner |
Acquisition of real estate assets (net of liabilities assumed) and initial capital expenditures |
Cash paid in nonmonetary asset exchange |
Development of real estate assets |
-136.56M |
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement |
-59.73M |
Capital expenditures - non-real estate assets |
-4.45M |
Investment in unconsolidated joint ventures |
-29.83M |
Distributions received from unconsolidated joint venture |
32.47M |
Purchase deposits on pending real estate acquisitions |
0 |
Net cash used in investing activities |
Financing Activities |
Payments on secured debt |
-352.81M |
Proceeds from the issuance of secured debt |
25M |
Proceeds from the issuance of unsecured debt |
300M |
Payments on unsecured debt |
-95.05M |
Net proceeds/(repayment) of revolving bank debt |
Payment of financing costs |
Issuance of common and restricted stock, net |
Proceeds from the issuance of common shares through public offering, net |
173.24M |
Payments for the repurchase of Series G preferred stock, net |
Distributions paid to non-controlling interests |
-22.18M |
Distributions paid to preferred stockholders |
-2.78M |
Distributions paid to common stockholders |
-230.09M |
Net cash provided by financing activities |
Net increase in cash and cash equivalents |
-3.44M |
Cash and cash equivalents, beginning of period |
6.74M |
Cash and cash equivalents, end of period |
3.3M |
Supplemental Information: |
Interest paid during the period, net of amounts capitalized |
95.81M |
Non-cash transactions: |
Properties acquired, including intengibles in asset exchange |
Properties disposed in asset exchange, net of accumulated depreciation |
OP Units issued in partial consideration for property acquisition |
Secured debt assumed in the acquisitions of properties, including asset exchange |
0 |
Secured debt transferred in asset exchange |
Fair market value adjustment of secured debt assumed in acquisitions of properties, including asset exchange |
0 |
Issuance of restricted stock awards |
Conversion of operating partnership non-controlling interests to common stock (1,894 shares in 2011 and 39,638 shares in 2010) |
Retirement of fully depreciated assets |