LIBERTY PROPERTY TRUST LPT Cash Flow

Liberty property trust (LPT)

CashFlow / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income
434,678	486,072	404,626	492,603	450,510	357,598	389,526	290,045	358,512	353,087	351,326	366,145	249,693	287,656	273,125	245,924	246,892	188,646	182,227	224,471	211,411	205,908	219,044	219,594	188,418	188,368	182,805	147,751	148,425	160,208	215,369	210,710	205,998	205,323	152,496	153,375	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
176,050	176,064	176,392	175,815	176,774	180,036	183,039	183,887	190,500	190,936	198,828	207,673	212,615	221,666	225,185	229,779	233,594	236,688	237,917	236,075	244,052	230,738	217,151	205,147	180,303	175,414	171,228	167,421	167,306	167,882	168,728	171,714	172,683	173,955	175,791	174,013	0	0	0
Amortization of deferred financing costs
4,422	4,189	4,034	3,800	3,865	3,848	3,830	3,800	3,717	3,844	3,909	3,974	4,214	4,231	4,324	4,395	4,333	4,350	4,374	4,811	4,875	4,765	4,630	4,100	4,229	4,425	4,650	4,858	4,823	4,852	4,857	5,190	5,552	5,720	6,589	6,339	0	0	0
Expensed pursuit costs
-	-	1,593	-	-	-	5,358	5,066	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
35,269	28,079	50,061	39,688	0	0	0	-	-	-	-	-	-	-	-	18,244	16,892	16,892	15,856	117	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures
11,390	16,380	21,627	21,382	24,087	21,626	18,188	17,155	16,456	21,194	22,787	21,970	21,884	11,994	1,157	3,149	3,822	6,261	13,061	10,314	9,391	8,449	8,469	6,067	4,689	957	160	-681	-371	3,538	3,878	3,496	3,204	2,762	2,436	2,296	0	0	0
Distributions from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,758	2,444	0	0	0	-	-	-	-	844	701	886	681	624	737	454	454	551	0	0	0	-	-	-	-
Gain on property dispositions
282,856	320,140	310,185	384,673	323,817	250,777	208,328	114,965	224,141	201,619	199,556	219,270	68,998	121,147	118,564	100,314	100,595	47,146	47,932	91,778	97,454	97,439	103,055	98,651	56,429	56,887	52,552	12,426	12,888	18,420	65,563	65,607	59,986	54,905	9,096	11,095	0	0	0
Share-based compensation
13,351	13,068	13,264	13,256	13,962	14,880	15,781	14,119	14,644	14,687	13,255	19,850	24,116	23,311	24,281	17,152	12,744	13,461	13,314	12,457	12,224	12,117	12,111	9,976	9,924	9,979	10,192	10,057	10,810	10,820	10,371	10,555	9,636	9,566	10,236	11,595	0	0	0
Development service fee accrual
-3,683	-4,234	31,805	58,022	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-12,787	-13,634	-8,580	-7,524	-241	467	906	824	-3,349	-3,416	-5,320	-6,128	-7,120	-7,611	-8,599	-9,937	-10,876	-12,475	-10,290	-7,935	-7,265	-6,060	-7,334	-8,311	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12,205	-	-6,731	412	951	-30,286	-12,775	-9,364	-8,690	18,397	-2,146	-12,090	-10,748	-30,713	-28,542	-10,449	-15,686	14,114	24,830	12,756	15,891	7,294	0	0	0
Accounts receivable
4,208	3,594	4,223	2,682	7	-5,328	-2,770	-3,512	-7,377	743	-4,487	-421	4,994	-2,138	-649	-1,009	-4,024	-202	1,388	1,770	9,891	7,071	9,583	4,889	1,791	-4,317	-865	799	-2,273	4,682	-2,462	1,320	-333	1,120	2,814	850	0	0	0
Deferred rent receivable
18,506	16,558	18,155	18,922	19,027	19,043	18,983	19,605	19,339	18,881	17,268	16,927	18,993	20,745	22,888	23,167	20,457	19,034	18,002	15,263	15,230	12,824	8,992	9,473	6,984	7,162	8,125	6,363	6,755	5,438	5,372	6,566	7,818	10,952	12,494	13,581	0	0	0
Prepaid expenses and other assets
4,620	-2,574	-16,617	-23,259	-24,433	16,738	20,175	33,663	37,503	22,480	22,692	32,442	18,017	-1,707	5,013	15,145	9,660	14,993	14,861	28,360	10,917	53,808	50,300	22,424	41,634	7,868	2,974	10,871	9,562	12,302	4,767	-6,027	-6,797	-7,240	3,141	7,597	0	0	0
Accounts payable
-5,477	-17,611	-12,054	-7,183	-9,533	8,964	8,284	10,151	849	912	-1,955	8,943	14,853	11,346	5,700	1,822	-5,213	-9,448	-1,379	5,299	19,033	23,642	21,129	15,703	-12,254	-3,394	-116	7,641	18,558	7,046	5,487	-229	-2,466	-8,196	-4,717	-7,399	0	0	0
Accrued interest
1,039	5,940	2,381	513	784	363	5	-82	-4,247	-4,778	-8,280	-4,276	-4,817	-680	6,439	1,641	2,494	-1,354	-5,527	-1,264	2,191	8,524	3,187	5,613	2,909	-5,190	5,995	-3,983	3,120	821	-441	-5,674	7,142	-6,919	5,756	-1,430	0	0	0
Other liabilities
-18,544	-36,650	16,792	16,295	-22,147	-21,351	-17,794	-6,154	5,594	23,816	1,258	3,075	4,886	-3,744	-1,091	7,818	6,255	8,674	12,471	-20,348	-5,616	6,893	-1,567	22,968	17,826	-3,379	-1,721	-14,882	-17,437	-6,493	-8,934	9,983	875	6,305	3,397	-2,173	0	0	0
Net cash provided by operating activities
313,626	297,209	343,527	383,466	368,159	352,320	345,850	336,631	314,324	342,960	324,701	341,062	371,103	387,060	389,986	379,121	385,826	362,231	352,768	336,484	351,260	316,906	297,453	315,965	273,171	302,925	316,648	317,166	338,323	311,659	334,459	317,724	311,202	310,944	304,638	292,264	0	0	0
INVESTING ACTIVITIES
Investment in properties – acquisitions
413,353	443,151	533,021	497,616	486,361	447,136	350,666	255,639	62,265	21,054	1,216	9,216	20,333	83,097	119,811	111,811	128,041	70,839	87,327	124,962	1,366,095	1,387,159	1,467,457	1,429,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – other
42,501	41,708	48,765	44,976	50,716	52,646	47,285	56,104	51,108	50,630	54,514	55,406	63,605	74,379	78,135	77,626	99,024	96,978	98,749	102,466	95,392	89,314	84,073	74,345	44,894	45,888	43,233	49,682	69,440	70,625	70,019	75,834	71,147	70,838	81,848	75,857	0	0	0
Investments in and advances to unconsolidated joint ventures
11,257	12,613	18,546	81,726	84,449	95,156	99,709	46,567	61,275	64,542	69,224	70,581	63,527	57,866	52,489	43,676	38,958	27,417	27,636	22,243	18,343	20,040	10,235	16,185	9,668	7,039	5,138	1,461	3,415	5,388	7,390	11,195	11,753	9,972	8,205	1,870	0	0	0
Distributions from unconsolidated joint ventures
29,919	36,852	35,923	39,235	34,008	25,386	23,136	21,042	30,765	39,976	45,791	63,048	59,474	60,466	53,781	33,195	28,210	17,880	18,450	15,330	17,162	14,228	14,881	13,774	5,867	5,512	4,270	6,009	9,074	10,445	12,716	11,364	11,259	9,990	7,448	6,776	0	0	0
Net proceeds from disposition of properties/land
687,460	747,443	752,904	849,528	897,207	665,974	561,498	379,139	1,106,584	1,079,324	1,067,065	1,192,918	429,305	513,363	617,169	530,440	451,964	364,914	273,160	559,322	744,226	753,795	782,200	526,949	151,280	144,262	300,358	234,686	247,030	341,212	393,540	390,754	373,098	284,565	33,249	35,934	0	0	0
Net (advances on) proceeds from public reimbursement receivable/escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	12,639	9,937	14,439	-986	7,355	46,080	-16,531	-10,237	-19,966	-60,447	-4,473	18,917	0	0	0
Investment in development in progress
249,210	271,515	264,681	248,587	236,362	220,613	247,718	260,447	272,578	302,775	330,628	342,489	346,323	308,301	239,198	210,677	189,438	216,296	261,898	288,375	264,627	226,235	170,848	123,879	128,597	150,165	183,488	199,384	175,957	135,380	87,940	48,628	25,194	10,819	7,447	7,481	0	0	0
Investment in land held for development
93,874	121,661	200,288	204,522	182,972	124,136	70,138	105,564	130,404	157,800	145,668	107,400	119,398	164,228	161,870	150,523	133,711	115,681	107,402	105,324	106,231	66,533	65,800	67,326	69,284	70,308	68,358	67,513	67,264	58,543	54,106	52,868	19,782	8,519	6,764	6,086	0	0	0
Payment of deferred leasing costs
35,992	35,815	31,741	29,271	27,706	32,327	32,317	37,678	38,800	36,375	32,026	32,682	36,574	40,334	47,188	48,672	46,118	45,266	40,649	40,123	42,314	39,987	38,672	36,901	27,970	23,162	21,848	22,444	26,819	29,615	28,204	26,011	23,960	26,666	31,138	30,289	0	0	0
Release (deposit) of escrows and other
-182,412	53,815	33,743	37,158	256,840	3,946	-13,895	103,834	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-9,146	-594	-7,602	2,094	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
53,604	-195,983	-341,958	-255,093	-394,191	-284,600	-249,304	-465,652	516,876	481,332	457,236	614,927	-160,051	-161,998	-28,355	-89,660	-164,479	-187,652	-336,149	-106,337	-1,129,235	-1,056,642	-1,033,682	-1,197,914	-448,281	-452,951	-214,892	-312,669	-223,825	-130,525	-91,502	-56,223	79,307	29,638	-142,683	-103,461	0	0	0
FINANCING ACTIVITIES
Net proceeds from issuance of common shares
464,195	7,805	7,975	7,333	6,707	9,112	11,223	8,808	8,418	12,911	13,377	13,029	12,569	17,911	26,722	38,797	52,571	52,112	55,580	58,473	59,084	892,204	940,013	969,468	970,383	136,328	87,440	58,710	53,964	51,206	48,664	44,552	48,707	50,323	46,657	37,434	0	0	0
Share repurchases, including shares related to tax withholdings
8,969	8,861	8,339	4,760	4,866	4,939	4,885	5,107	5,419	5,930	5,966	46,268	56,300	121,041	120,961	76,035	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred units
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,060	0	0	0	-	-	-	-
Proceeds from unsecured notes
349,097	349,097	349,097	0	0	0	0	-	-	-	-	-	-	-	-	398,576	398,576	398,576	398,576	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of unsecured notes including prepayment premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	316,000	300,000	500,000	500,000	200,000	0	0	0	-	-	-	-	-	-	-	121,000	246,500	0	0	0	-	-	-	-
Proceeds from mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,401	17,519	24,026	26,674	34,599	27,481	17,311	11,186	0	0	108	458	743	0	0	0
Repayments of mortgage loans including prepayment penalty
100,074	53,099	33,479	33,561	33,775	34,296	7,579	7,795	10,252	11,291	28,367	29,538	87,654	192,920	176,305	175,364	159,797	53,710	56,297	56,156	15,957	15,112	11,375	10,605	10,973	10,645	17,060	35,099	29,556	29,844	23,590	29,860	48,966	61,258	180,852	156,890	0	0	0
Proceeds from credit facility
397,987	759,556	1,120,515	1,335,214	1,536,393	1,249,199	989,029	835,036	611,000	537,000	563,300	591,300	669,300	847,800	919,700	1,122,700	1,257,500	1,130,750	907,550	517,550	447,250	342,000	591,950	611,550	529,950	655,600	599,200	839,250	1,000,950	820,700	710,150	650,500	0	0	0	-	-	-	-
Repayments on credit facility
866,930	1,051,882	1,275,793	1,280,410	1,260,553	1,031,976	846,854	476,097	736,000	755,000	708,300	850,300	549,300	522,800	709,700	1,030,700	1,098,450	1,060,750	857,550	350,550	306,300	487,000	591,950	703,550	679,950	510,600	892,500	886,650	850,950	853,700	616,850	511,100	302,900	548,500	373,500	478,500	0	0	0
Payment of deferred financing costs
4,410	4,756	5,044	1,636	0	0	0	-	-	-	-	-	-	-	-	3,656	3,485	3,545	3,561	3,629	5,605	9,493	9,481	5,866	7,591	2,942	6,925	7,206	6,508	7,282	3,296	3,023	493	9,702	9,705	9,697	0	0	0
Distribution paid on common shares
239,861	238,188	236,510	236,336	236,174	235,975	235,746	246,589	257,445	268,209	278,967	279,248	279,608	280,929	282,124	282,582	282,759	281,933	281,064	280,136	279,149	266,697	253,700	240,340	226,979	225,083	223,698	222,573	221,519	220,463	219,478	218,613	217,698	216,767	215,871	215,083	0	0	0
Distributions to partners/noncontrolling interests
6,451	6,726	7,382	6,621	6,515	6,562	6,499	6,835	7,972	7,934	8,405	8,212	7,582	7,622	7,527	7,596	7,465	7,460	7,402	7,453	7,511	7,425	9,391	9,438	11,721	12,938	15,319	17,241	20,231	24,097	25,184	28,409	28,357	28,521	28,381	28,610	0	0	0
Net cash provided by (used in) financing activities
129,100	-102,538	74,069	-55,548	-3,966	-60,627	-106,501	96,231	-818,337	-828,723	-783,598	-939,507	-224,378	-275,706	-366,300	-331,860	-208,772	-325,960	-344,168	-321,901	-308,188	900,786	1,047,352	1,005,766	1,265,564	59,146	-72,288	12,690	-107,309	-76,229	-248,458	-351,513	-477,307	-333,056	-272,933	-315,842	0	0	0
Net increase in cash, cash equivalents and restricted cash
496,330	-1,312	75,638	72,825	-29,998	7,093	-9,955	-32,790	12,863	-4,431	-1,661	16,482	-13,326	-50,644	-4,669	-42,399	12,575	-151,381	-327,549	-91,754	-1,086,163	161,050	311,123	123,817	1,090,454	-90,880	29,468	17,187	7,189	104,905	-5,501	-90,012	-86,798	7,526	-110,978	-127,039	0	0	0
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation
1,417	667	-739	-2,688	-3,351	-880	2,486	2,450	319	-1,064	-3,805	-4,828	-4,343	-4,376	-1,730	-2,901	-3,009	-4,244	-4,249	-2,314	679	5,949	4,996	1,241	47	-1,563	-2,684	2,965	2,464	-678	440	-193	-727	2,828	2,154	-1,998	0	0	0
Liberty Property Limited Partnership
Net income
434,678	486,072	404,626	492,603	450,510	357,598	389,526	290,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
4,461	4,228	4,073	3,839	3,815	3,798	3,780	3,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expensed pursuit costs
-	-	1,593	-	-	-	5,358	5,066	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
35,269	28,079	50,061	39,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures
11,390	16,380	21,627	21,382	24,087	21,626	18,188	17,155	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on property dispositions
282,856	320,140	310,185	384,673	323,817	250,777	208,328	114,965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
13,351	13,068	13,264	13,256	13,962	14,880	15,781	14,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development service fee accrual
-3,683	-4,234	31,805	58,022	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-12,787	-13,634	-8,580	-7,524	-241	467	906	824	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
4,208	3,594	4,223	2,682	7	-5,328	-2,770	-3,512	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent receivable
18,506	16,558	18,155	18,922	19,027	19,043	18,983	19,605	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
4,620	-2,574	-16,617	-23,259	-24,433	16,738	20,175	33,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-5,477	-17,611	-12,054	-7,183	-9,533	8,964	8,284	10,151	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
1,039	5,940	2,381	513	784	363	5	-82	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-18,544	-36,650	16,792	16,295	-22,147	-21,351	-17,794	-6,154	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
313,626	297,209	343,527	383,466	368,159	352,320	345,850	336,631	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – acquisitions
413,353	443,151	533,021	497,616	486,361	447,136	350,666	255,639	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – other
42,501	41,708	48,765	44,976	50,716	52,646	47,285	56,104	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in and advances to unconsolidated joint ventures
11,257	12,613	18,546	81,726	84,449	95,156	99,709	46,567	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated joint ventures
29,919	36,852	35,923	39,235	34,008	25,386	23,136	21,042	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from disposition of properties/land
687,460	747,443	752,904	849,528	897,207	665,974	561,498	379,139	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in development in progress
249,210	271,515	264,681	248,587	236,362	220,613	247,718	260,447	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in land held for development
93,874	121,661	200,288	204,522	182,972	124,136	70,138	105,564	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred leasing costs
35,992	35,815	31,741	29,271	27,706	32,327	32,317	37,678	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release (deposit) of escrows and other
-182,412	53,815	33,743	37,158	256,840	3,946	-13,895	103,834	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
53,604	-195,983	-341,958	-255,093	-394,191	-284,600	-249,304	-465,652	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred units
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured notes
349,097	349,097	349,097	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of mortgage loans including prepayment penalty
100,074	53,099	33,479	33,561	33,775	34,296	7,579	7,795	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility
397,987	759,556	1,120,515	1,335,214	1,536,393	1,249,199	989,029	835,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on credit facility
866,930	1,051,882	1,275,793	1,280,410	1,260,553	1,031,976	846,854	476,097	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
4,410	4,756	5,044	1,636	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions
464,195	7,805	7,975	7,333	6,707	9,112	11,223	8,808	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to partners/noncontrolling interests
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
129,100	-102,538	74,069	-55,548	-3,966	-60,627	-106,501	96,231	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation
1,417	667	-739	-2,688	-3,351	-880	2,486	2,450	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-