MID-AMERICA APARTMENT COMMUNITIES, INC. MAA Cash Flow

Mid-america apartment communities, inc. (MAA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Jun'17	Mar'17	Jun'16	Mar'16	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
Cash flows from operating activities:
Net income
37,952	155,060	81,459	64,141	65,958	-	-	-	-	-	-	-	-	46,056	63,315	19,718	15,645	32,078	32,056	22,484	15,652	14,451	7,680	9,155	-4,258	6,973	6,888	9,849
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Amortization and Accretion, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	9	10	10	-31	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
126,657	125,580	124,944	124,184	123,082	-	-	-	-	-	-	-	-	33,922	37,048	31,188	22,625	33,350	35,726	28,615	21,742	30,157	28,862	28,456	18,661	27,141	25,591	25,675
Loss on sale of depreciable real estate assets
-29	80,001	1,000	0	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on embedded derivative in preferred shares
-27,638	-	-	-	-524	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of non-depreciable assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-	-	-	-
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	28,788	43,121	0	3,161	16,092	12,953	9,429	7,872	4,927	0	0	-	-	-	-
Net casualty loss and other settlement proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	435	16	16	77	-4	-54	217	-286	-258	-148	-1,018	72	414	-156
(Gain) loss from investments in real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	60	47	54	-	-	-67	-31	-63	-107	-178	-245	-294	-282	-298	-276
Gain on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-218	-108	-61	-	0	-15	20	-	-63	-48	0	-	-	-	-
Derivative interest (credit) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	343	223	261	233	232	191	167	138	185	175	47	-84	105	160	140
Gain on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
5,288	2,104	3,313	3,452	4,785	-	-	-	-	-	-	-	-	558	606	565	269	499	501	730	-836	2,759	842	844	1,375	784	783	348
Redeemable stock issued
-	-	-	-	-	-	-	-	-	-	-	-	-	158	234	143	61	143	181	104	45	104	196	97	47	83	121	92
Amortization of debt issuance costs, discounts and premiums
1,157	-	-	1,721	1,747	-	-	-	-	-	-	-	-	1,453	-280	-225	-1,308	857	-226	-90	-90	-90	-90	-90	-90	-90	-270	90
Net change in operating accounts and other operating activities
-38,495	-41,146	43,117	21,112	-32,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of depreciable real estate assets
-29	-	-	-	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
5,288	-	-	-	4,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on properties contributed to joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	278	0	371
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	112	439	-160	-490	39	104	-206	-821	556	250	-137	-911	1,696	-114	283
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	4,435	-272	3,448	-4,049	4,506	2,270	-2,207	-1,534	5,219	-3,413	1,470	-72	5,798	-2,181	734
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,150	4,253	1,274	-1,356	74	1,862	1,636	-1,063	250	223	789	-453	633	325	-559
Accrued expenses and other
-	-	-	-	-	-	-	-	-	-	-	-	-	15,190	11,896	-14,135	-5,454	11,158	14,939	-16,057	-6,731	8,293	10,636	-6,922	-6,889	12,211	4,672	-9,108
Security deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-54	117	160	-73	140	226	79	-6	-203	78	-140	-235	-850	-750	54
Net cash provided by operating activities
160,602	159,882	253,071	213,789	154,678	-	-	-	-	-	-	-	-	59,395	73,740	35,642	33,798	57,157	70,138	30,726	22,908	45,660	52,249	31,302	10,266	39,752	41,783	25,133
Cash flows from investing activities:
Purchases of real estate and other assets
5,004	82,246	3,264	6,001	13,595	-	-	-	-	-	-	-	-	-5	57,310	32,561	-3,385	218,003	96,906	0	72,703	76,047	155,901	30,000	69,418	145,350	69,618	100
Improvements to existing real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,646	8,255
Capital improvements, development and other
84,610	83,427	86,316	80,140	53,214	-	-	-	-	-	-	-	-	12,918	14,712	7,782	-11,825	10,609	16,595	9,785	-2,891	11,710	12,503	10,295	-10,091	27,290	2,135	1,417
Distributions from real estate joint ventures
-	142	181	141	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to affiliates
900	-	-	-	-	-	-	-	-	-	-	-	-	0	167	16	14	131	22	51	123	14	4	1,369	2,391	3,733	112	5,894
Construction capital and other improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-444	-	-	-	-636	-	-	-	-	-	-	-	-
Renovations to existing real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	3,504	3,310	1,802	792	4,174	4,532	2,364	-754	3,581	3,589	2,416	-	-	-	-
Development
-	-	-	-	-	-	-	-	-	-	-	-	-	5,313	8,576	12,240	19,749	11,650	23,975	18,617	16,232	13,263	5,089	3,569	-	-	-	-
Distributions from real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	114	3,233	4,964	284	1,101	10,320	459	244	330	466	362	128	126	1,322	159
Proceeds from disposition of real estate assets
525	158,830	1,344	758	13,882	-	-	-	-	-	-	-	-	45,694	73,013	76	12,980	45,980	22,174	28,959	12,874	10,614	320	0	17,297	23,347	1,067	47,007
Funding of escrow for future acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-45,478	-11,902	0	-	0	21,585	-21,585	-	-	-	0	-	-	-	-
Net cash used in investing activities
-89,989	-7,592	-89,855	-87,942	-52,884	-	-	-	-	-	-	-	-	-23,136	-21,424	-49,805	7,691	-197,743	-89,619	-23,620	-71,747	-94,615	-179,283	-47,287	-64,528	-136,642	-83,122	31,500
Cash flows from financing activities:
Proceeds from revolving credit facility
130,000	0	20,000	400,000	145,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
30,000	0	20,000	475,000	610,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net repayments of commercial paper
-70,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,323	-	-	-	3,099	-	-	-	-	-	-	-	-
Net change in credit lines
-	-	-	-	-	-	-	-	-	-	-	-	-	175,000	-17,000	19,000	-85,000	-3,000	-73,262	-158,802	-26,533	-82,183	57,183	-70,000	-50,000	-40,000	-5,000	60,000
Proceeds from notes payable
-	299,286	269,568	0	490,435	-	-	-	-	-	-	-	-	0	0	0	54,000	121,000	100,000	50,000	0	135,000	128,000	22,350	0	118,381	0	19,500
Principal payments on notes payable
1,740	188,984	164,963	301,825	1,847	-	-	-	-	-	-	-	-	5,896	1,480	1,319	1,151	10,003	950	807	-88,489	772	100,941	671	920	283	448	273
Payment of deferred financing costs
-	2,744	2,482	4,343	4,705	-	-	-	-	-	-	-	-	2,229	306	120	35	1,580	600	1,397	1,983	950	1,280	420	122	1,391	1,350	4,381
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	9	0	673	15,664	223	-7,901	9,541	39,772	211	321	1,939	284	78	307	506
Proceeds from issuances of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	70	2,910	22,058	22,365	53,812	6	120,142	65,224	44,778	34,294	91,443	58,413	85,105	131,893	30,106
Distributions to noncontrolling interests
4,067	4,126	3,927	3,939	3,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,980	1,261	1,297	1,422	-4,284	1,357	1,460	1,467
Distributions paid on common units
114,270	109,504	109,481	109,434	109,324	-	-	-	-	-	-	-	-	29,699	30,295	28,820	26,494	27,123	27,284	25,448	25,076	23,267	22,988	22,076	22,527	19,974	18,312	17,886
Dividends, Preferred Stock, Cash
922	922	922	922	922	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	0	1,155	3,251	3,216
Net change in other financing activities
-1,108	12,563	989	913	1,230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-92,107	-124,431	-178,218	-127,550	-94,080	-	-	-	-	-	-	-	-	136,054	-51,885	13,449	-45,859	131,667	153	-22,754	81,884	60,371	92,650	17,265	113	171,736	34,255	-38,123
Net (decrease) increase in cash, cash equivalents and restricted cash
-21,494	27,859	-15,002	-1,703	7,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	172,313	431	-714	-4,370	-8,919	-19,328	-15,648	33,045	11,416	-34,384	1,280	-54,149	74,846	-7,084	18,510
Supplemental disclosure of cash flow information:
Interest paid
25,730	61,494	23,277	66,650	18,322	-	-	-	-	-	-	-	-	14,924	18,793	14,817	6,361	17,294	14,975	15,466	7,966	15,196	14,516	13,518	14,119	13,260	14,272	14,186
Income taxes paid
34	37	57	2,393	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash investing and financing activities:
Conversion of OP Units to shares of common stock
450	373	836	821	336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	807	2,071	-	-	-	-
Accrued construction in progress
25,878	-5,354	-6,411	5,908	15,155	-	-	-	-	-	-	-	-	-2,936	370	6,756	-2,943	-426	-792	7,610	-3,057	2,089	-692	7,467	905	26	-3,312	5,451
Interest capitalized
1,391	1,042	754	705	388	-	-	-	-	-	-	-	-	246	424	448	61	555	797	492	436	261	292	167	-	-	-	-
Mark-to-market adjustment on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	1,451	15,820	4,096	4,354	1,680	758	4,083	6,023	533	-827	7,414	12,606	-4,381	-6,493	-3,570
Reclassification of redeemable stock to liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	1	0	151	-7	2	-4	273
Loss on sale of non-depreciable assets, including discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	6	-9	-	-	-	-	-	-	-	-
Limited Partner [Member]
Net income
37,952	155,060	81,459	64,141	65,958	63,517	54,704	61,981	50,820	50,155	43,416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
126,657	125,580	124,944	124,184	123,082	121,772	124,702	123,160	121,361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of depreciable real estate assets
-29	81,975	-974	0	-13	-60	19	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on embedded derivative in preferred shares
-27,638	-	-	-	-524	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	662	959	2,761	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
5,288	25,204	-19,787	3,452	4,785	22,321	-16,864	2,963	4,024	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs, discounts and premiums
1,157	-	-	1,721	1,747	-	-	-1,400	-1,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in operating accounts and other operating activities
-38,495	-41,146	43,117	21,112	-32,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of depreciable real estate assets
-29	-	-	-	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
5,288	-	-	-	4,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Other Operating Activities
-	-	-	-	-	-	-	-	-21,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
160,602	159,882	253,071	213,789	154,678	133,236	237,051	211,301	152,704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate and other assets
5,004	82,246	3,264	6,001	13,595	16,831	2,226	110,430	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital improvements, development and other
84,610	83,427	86,316	80,140	53,214	62,195	66,187	74,558	51,775	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from real estate joint ventures
-	142	181	141	43	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to affiliates
900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to Real Estate Joint Ventures
-	-	-	-	-	-	-	-	-750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of real estate assets
525	158,830	1,344	758	13,882	1,064	2,767	10,291	5,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-89,989	-7,592	-89,855	-87,942	-52,884	-78,592	-66,396	-174,697	-46,665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
130,000	0	20,000	400,000	145,000	760,000	425,000	205,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
30,000	0	20,000	475,000	610,000	670,000	165,000	545,000	110,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net repayments of commercial paper
-70,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable
-	299,286	269,568	0	490,435	472,018	0	397,612	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
1,740	188,984	164,963	301,825	1,847	532,371	302,617	2,580	41,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
-	2,744	2,482	4,343	4,705	2,319	270	3,471	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid on common shares/units
118,337	113,630	113,408	113,373	113,271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid on common units
-	-	-	-	-	-	-	-	-108,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid on preferred shares/units
922	922	922	922	922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock, Cash
-	-	-	-	-	-	-	-	-922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in other financing activities
-1,108	12,563	989	913	1,230	31	343	237	-2,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-92,107	-124,431	-178,218	-127,550	-94,080	-82,371	-152,058	-57,911	-112,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-21,494	27,859	-15,002	-1,703	7,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-6,757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
25,730	61,494	23,277	66,650	18,322	73,395	23,567	62,983	24,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
34	37	57	2,393	59	-196	76	148	2,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued construction in progress
25,878	-5,354	-6,411	5,908	15,155	-10,895	-2,633	7,469	14,640	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest capitalized
1,391	1,042	754	705	388	407	357	488	795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mark-to-market adjustment on derivative instruments
-	-	-	-	-	-	-	-	-1,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Parent Company [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	50,820	50,155	43,416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	121,361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on sale of depreciable real estate assets excluded from discontinued operations
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
-	-	-	-	-	-	-	-	4,024	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt premium
-	-	-	-	-	-	-	-	-1,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Other Operating Activities
-	-	-	-	-	-	-	-	-21,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	152,704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate and other assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Normal capital improvements
-	-	-	-	-	-	-	-	51,775	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Equity Method Investment, Distribution, Return of Capital
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of real estate assets
-	-	-	-	-	-	-	-	5,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to Real Estate Joint Ventures
-	-	-	-	-	-	-	-	-750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-46,665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Lines of Credit
-	-	-	-	-	-	-	-	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Lines of Credit
-	-	-	-	-	-	-	-	110,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	-	41,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Stock Options Exercised
-	-	-	-	-	-	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	3,865	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common shares
-	-	-	-	-	-	-	-	104,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-112,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock, Cash
-	-	-	-	-	-	-	-	-922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
-	-	-	-	-	-	-	-	-2,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-6,757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	24,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes Paid
-	-	-	-	-	-	-	-	2,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of units to shares of common stock
-	-	-	-	-	-	-	-	2,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued construction in progress
-	-	-	-	-	-	-	-	14,640	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest capitalized
-	-	-	-	-	-	-	-	795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marked To Market Adjustment On Derivative Instruments
-	-	-	-	-	-	-	-	-1,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-