7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 
      
    		                                                                               
      cash flows from operating activities:
    		                                                                               
      net income
    		8,778,000 14,658,000 21,093,000 13,813,000 11,356,000 7,961,000 13,451,000 18,892,000 19,491,000 23,077,000 22,356,000 24,349,000 80,769,000 34,164,000 28,163,000 167,489,000 54,136,000 28,060,000 29,311,000 11,314,000 28,255,000 23,236,000 175,309,000 118,568,000 20,692,000 -22,582,000 36,005,000 22,751,000 19,859,000 21,749,000 16,406,000 31,871,000 12,285,000 170,945,000 4,858,000 37,886,000 11,657,000 7,765,000 22,796,000 56,855,000 53,619,000 7,952,000 7,203,000 23,848,000 19,412,000 2,616,000 7,132,000 4,066,000 65,038,000 821,000 56,904,000 35,765,000 13,278,000 10,230,000 -11,354,000 5,606,000 -798,000 -4,049,000 -4,969,000 -4,460,000 -4,784,000 2,180,000 -3,946,000 -53,329,000 -77,388,000 164,210,000 6,723,000 5,652,000 11,661,000 4,207,000 18,220,000 41,887,000 178,267,000 329,000 12,208,000 16,390,000 13,735,000 10,278,000 9,338,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                               
      gain on investment property transactions
    		   0 0 3,000 -101,000 1,000    -52,000    -139,510,000 -13,063,000 9,000 17,000                                                             
      depreciation and amortization
    		105,272,000 100,890,000 102,114,000 93,616,000 89,784,000 95,415,000 86,230,000 79,366,000 79,492,000 80,269,000 75,770,000 75,866,000 79,116,000 69,861,000 70,744,000 73,693,000 72,073,000 71,456,000 70,870,000 72,668,000 71,498,000 72,868,000 71,614,000 78,372,000 82,012,000 50,904,000 45,861,000  45,068,000 45,675,000 45,093,000                        14,256,000 13,369,000 13,375,000 13,539,000 17,501,000 13,996,000 14,564,000 13,895,000 13,528,000 13,868,000 15,381,000 13,056,000 12,785,000 11,439,000 10,554,000 8,707,000 9,520,000 10,123,000 9,055,000 13,689,000 10,823,000  8,348,000 9,288,000 9,887,000 
      amortization of deferred financing costs, debt premiums, and debt discounts
    		1,213,000 987,000 1,113,000                                                                             
      equity-classified stock-based compensation expense, net of forfeitures
    		3,372,000 3,699,000 6,042,000 3,516,000 3,404,000 3,530,000 4,338,000 2,757,000 2,846,000 2,804,000 3,559,000 2,612,000 2,234,000 2,544,000 2,748,000 1,500,000 1,472,000 2,820,000 1,667,000                                                             
      effect of non-cash adjustments to rental revenues
    		-20,060,000 -21,737,000 -23,929,000 -16,333,000 -14,472,000 -11,802,000 -15,984,000 -11,389,000 -12,958,000 -12,528,000 -11,193,000 -12,207,000 -11,563,000 -9,516,000 -8,445,000 -11,635,000 -9,460,000 -6,601,000 -11,777,000         -8,373,000 -6,337,000 -7,695,000 -9,996,000                                                 
      income from unconsolidated joint ventures
    		     -439,000 -348,000 -291,000 -582,000 -753,000 -673,000 -662,000 -634,000 -5,280,000 -1,124,000 -975,000 -2,128,000 -1,795,000 -1,903,000 -1,196,000 -1,611,000 -1,715,000 -3,425,000 -2,887,000 -3,241,000 -3,634,000 -2,904,000 -2,051,000 -2,252,000 -5,036,000 -2,885,000 -3,753,000 -2,461,000 -40,320,000 -581,000 -5,418,000 -1,526,000 -1,784,000 -1,834,000 -1,215,000 -3,715,000 -1,761,000 -1,611,000 -5,925,000 -2,030,000    -63,078,000 -1,132,000 -1,652,000  -2,269,000 -9,762,000 -2,186,000 -2,660,000 -2,312,000 -2,496,000   -2,394,000 -2,920,000                  
      operating distributions from unconsolidated joint ventures
    		-33,000 594,000 749,000 1,160,000 909,000 755,000 787,000 795,000 836,000 734,000 1,299,000 815,000 1,423,000 1,237,000 1,924,000 2,457,000 1,408,000 5,228,000 2,449,000 3,363,000 2,589,000 1,522,000 1,829,000 5,667,000 2,089,000 1,500,000 2,536,000 1,700,000 4,160,000 8,332,000 2,564,000 -29,142,000 225,000 39,166,000 816,000 1,871,000 1,684,000 2,225,000 1,984,000 3,190,000 3,750,000 1,517,000 303,000 5,101,000 2,030,000 1,388,000 1,777,000 1,538,000 62,621,000 1,525,000 1,417,000 25,314,000 2,208,000 8,307,000 1,550,000 2,724,000 2,262,000 2,430,000 3,580,000 2,976,000 2,377,000 2,461,000                  
      changes in other operating assets and liabilities, net of acquisitions:
    		                                                                               
      change in receivables and other assets
    		1,138,000 1,767,000 -8,770,000 3,600,000 6,304,000 -6,420,000 -5,614,000 -746,000 2,444,000 -1,016,000 -8,407,000 1,236,000 2,950,000 9,566,000 -12,029,000 2,322,000 6,561,000 4,627,000 -8,010,000                                                             
      change in operating liabilities
    		18,129,000 20,109,000 -55,537,000 26,655,000 17,986,000 35,069,000 -55,506,000 419,000 24,344,000 40,950,000 -57,240,000 919,000 16,791,000 31,097,000 -57,976,000 -4,446,000 33,103,000 28,163,000 -46,590,000 2,900,000 19,184,000 41,593,000 -69,022,000 11,181,000 23,709,000 31,133,000 -11,455,000 -3,620,000 9,644,000 19,143,000 -24,733,000 -8,739,000 13,213,000 5,911,000 -15,974,000 -26,293,000 14,016,000 16,622,000 -25,094,000 8,997,000 10,785,000 8,305,000 -23,616,000 3,739,000 12,415,000 9,909,000 -17,042,000 18,586,000 10,542,000 3,788,000 -8,083,000                             
      net cash from operating activities
    		120,491,000 122,554,000 44,758,000 129,038,000 117,388,000 125,515,000 28,292,000 90,844,000 116,447,000 134,577,000 26,494,000 92,818,000 114,659,000 133,564,000 24,125,000 90,891,000 130,897,000 131,913,000 35,777,000 92,081,000 125,419,000 120,624,000 12,964,000 104,812,000 120,574,000 33,290,000 44,501,000 50,997,000 73,321,000 83,810,000 20,906,000 16,736,000 68,676,000 103,118,000 23,119,000 -7,969,000 59,157,000 54,586,000 5,508,000 48,621,000 57,975,000 42,626,000 2,439,000 47,804,000 44,543,000 43,046,000 7,007,000 38,664,000 77,508,000 19,398,000 1,770,000 42,911,000 17,181,000 25,008,000 10,222,000 11,395,000 17,903,000 9,183,000 18,355,000 12,167,000 17,100,000 32,074,000 11,799,000 15,849,000 11,331,000 4,185,000 17,462,000 10,862,000 -4,702,000 9,696,000 9,126,000 14,847,000 133,473,000 53,193,000 24,769,000 7,970,000 17,403,000 22,305,000 9,398,000 
      cash flows from investing activities:
    		                                                                               
      capital expenditures
    		-54,187,000 -71,926,000 -54,347,000                                                                             
      free cash flows
    		66,304,000 50,628,000 -9,589,000                                                                             
      property acquisitions
    		-210,008,000 -37,244,000 -593,000                                                                             
      proceeds from borrower repayment of investments in real estate debt
    		0                                                                               
      investments in real estate debt
    		-19,752,000                                                                               
      contributions to unconsolidated joint ventures
    		-26,154,000 -2,978,000 -8,528,000 -6,377,000 -23,606,000 -5,879,000 -11,634,000 -2,707,000 -2,382,000 -2,315,000 -23,984,000 -12,701,000 -3,301,000 -16,206,000 -15,686,000 -19,039,000 -45,382,000 -305,000 -351,000                                                             
      proceeds from investment property sales
    		   0 0   331,000        165,556,000 262,754,000 127,030,000 -7,000 294,000 1,866,000 -202,000 433,875,000 3,699,000 1,196,000 96,000 57,676,000     199,628,000 4,198,000   601,555,000 0 0 21,088,000 88,809,000 127,334,000 7,850,000 1,314,000 190,644,000 24,777,000 9,080,000 19,970,000 7,187,000 55,773,000 3,355,000 112,651,000     48,072,000 0 21,543,000 3,012,000 83,906,000 4,765,000 10,023,000 9,196,000 311,000 1,547,000 673,000 32,182,000 1,273,000 15,400,000 0 21,280,000 110,919,000 186,948,000 272,000 1,250,000  14,842,000 9,304,000 8,662,000 
      net cash from investing activities
    		-310,101,000 -112,527,000 87,116,000 -1,051,523,000 -72,604,000 -97,324,000 -83,951,000 -83,641,000 -62,423,000 -55,824,000 -93,847,000 -86,067,000 -55,086,000 -99,881,000 -93,465,000 -139,660,000 -87,762,000 72,128,000 -35,772,000 -310,796,000 -70,459,000 -168,992,000 417,784,000 -228,811,000 -91,367,000 33,452,000 -70,698,000 -102,082,000 -48,026,000 -51,563,000 -82,813,000 137,992,000 -73,797,000 121,923,000 -74,008,000 592,342,000 -57,839,000 -53,309,000 -20,255,000 53,094,000 51,242,000 -29,562,000 -36,292,000 -156,988,000 -255,881,000 -30,113,000 -18,633,000 -19,771,000 -1,004,012,000 -97,170,000 -145,240,000 243,228,000 -63,865,000 51,179,000 11,419,000 33,501,000 -14,651,000 14,728,000 -7,780,000 52,118,000 -23,877,000 6,391,000 -4,454,000 -10,666,000 -13,797,000 -16,429,000 -38,923,000 -64,406,000 -61,419,000 -81,400,000 -45,546,000 97,574,000 75,017,000 90,071,000 -84,661,000 -83,704,000 -18,090,000 -47,325,000 -66,132,000 
      cash flows from financing activities:
    		                                                                               
      proceeds from credit facility
    		157,514,000 89,601,000 142,000,000 1,051,500,000 117,800,000 107,800,000 171,200,000 91,600,000 80,600,000 45,700,000 165,000,000 88,700,000 70,500,000 117,500,000 152,000,000 526,500,000 137,000,000 58,000,000 134,000,000 256,000,000 39,000,000 0 280,500,000 308,000,000 67,000,000 677,000,000 160,000,000     0 132,300,000 364,000,000 93,000,000 534,000,000 19,100,000 47,600,000 116,100,000 86,900,000 154,900,000 20,000,000 94,100,000 369,400,000 181,850,000 130,800,000 82,525,000 21,350,000 168,800,000 72,925,000 102,000,000 3,700,000 141,100,000 33,600,000 239,500,000 45,950,000 40,300,000 12,600,000 56,900,000    6,800,000 0 76,000,000 82,200,000              
      repayment of credit facility
    		-73,801,000 -128,300,000 -215,631,000 -939,168,000 -434,900,000 -82,900,000 -64,100,000 -51,000,000 -84,600,000 -69,500,000 -49,300,000 -333,300,000 -75,300,000 -156,500,000 -35,500,000 -332,000,000 -135,000,000 -315,000,000 -77,400,000 -23,600,000 -39,000,000 0 -532,000,000 -136,500,000 -51,000,000 -669,400,000 -103,600,000     0 -226,300,000 -270,000,000 -227,000,000 -400,000,000 -174,100,000 -35,600,000 -65,100,000 -128,900,000 -222,900,000 -16,000,000 -36,300,000 -316,900,000 -174,600,000 -50,350,000 -122,600,000 -32,350,000 -168,725,000 -76,925,000 -47,000,000      -8,600,000 -24,300,000     -116,800,000 -248,000,000 0 -71,200,000           -181,965,000   
      bond issuance, net of original issue discount
    		0                                                                               
      repayment of term loans
    		   0                                                                            
      repayment of senior notes
    		                                                                               
      repayment of mortgages
    		-1,696,000 -1,682,000 -1,666,000 -72,690,000 -2,151,000 -2,131,000 -2,113,000 -2,095,000 -2,078,000 -2,059,000 -2,041,000                                                                     
      repurchase of shares withheld for taxes on restricted stock vestings
    		0 -1,000 -1,907,000 0 0 0 -1,111,000                                                                         
      payment of deferred financing costs
    		-438,000 -3,925,000 -1,439,000 -2,775,000    0 0 -39,000 -32,000 -2,932,000 0   25,000 0   -3,000    -2,000 -5,000   0 -85,000 -68,000 -6,013,000 -26,000 -18,000                                               
      payment of issuance of common stock costs
    		0                                                                               
      common dividends paid
    		-53,752,000 -53,731,000 -54,571,000 -48,680,000 -48,689,000 -49,468,000 -48,576,000 -48,490,000 -48,589,000 -48,862,000 -48,407,000 -48,457,000 -50,121,000 -47,604,000 -46,093,000 -46,097,000 -46,094,000 -46,080,000 -44,569,000 -44,569,000 -44,571,000 -44,562,000 -42,561,000 -42,569,000 -42,555,000 -30,491,000 -27,326,000 -27,325,000 -27,324,000 -27,349,000 -25,169,000 -25,201,000 -25,135,000 -25,212,000 -23,603,000 1,000 -16,821,000 -16,810,000 -16,918,000 -17,185,000 -17,334,000 -17,328,000 -17,349,000 -16,204,000 -16,236,000 -14,884,000 -14,231,000 -8,535,000 -8,537,000 -5,431,000 -4,689,000 -4,684,000 -4,691,000 -4,686,000 -4,687,000           -12,838,000 -18,992,000 -18,974,000 -19,184,000 -19,251,000 -19,194,000 -194,577,000 -18,839,000 -18,788,000 -18,760,000  -18,689,000 -18,621,000 -18,611,000 
      contributions from noncontrolling interests
    		0 0 7,000 2,000 0   1,675,000 56,000 646,000 738,000     1,137,000 1,635,000 1,687,000 1,695,000         1,245,000    1,058,000 688,000   1,601,000 1,052,000                      124,000 844,000 1,149,000 120,000                  
      distributions to noncontrolling interests
    		-382,000 -414,000 -371,000 -354,000 -411,000 -350,000 -236,000 -215,000 -518,000 -193,000 -165,000                                 -2,206,000 -88,000 -128,000 -153,000 -152,000 -24,894,000 -503,000 -491,000 -13,585,000 -548,000 -1,054,000 -956,000 -711,000 -693,000 -5,833,000 -878,000 -713,000 -613,000 -573,000 -610,000 -743,000 -581,000 -5,342,000              
      net cash from financing activities
    		-222,555,000 401,483,000 -133,893,000 853,691,000 25,405,000 -27,689,000 55,064,000 -8,082,000 -55,129,000 -74,307,000 65,793,000 -8,344,000 -58,123,000 -36,626,000 67,403,000 52,169,000 -47,415,000 -208,825,000 9,689,000 186,134,000 -46,443,000 -48,009,000 -321,777,000 126,943,000 -28,610,000 -56,301,000 27,128,000 -29,345,000 -52,730,000 -31,024,000 -34,501,000 -26,784,000 50,868,000 -244,376,000 50,957,000 -645,927,000 94,977,000 -5,795,000 18,208,000 -105,043,000 -105,858,000 -15,480,000 38,241,000 101,974,000 212,291,000 -35,756,000 39,731,000 -23,326,000 926,987,000 76,655,000 -27,380,000 -114,716,000 49,144,000 -77,180,000 -22,497,000 -43,611,000 -4,000,000 -26,413,000 -12,187,000 -72,211,000 -6,435,000 -17,580,000 -117,477,000 60,292,000 -3,075,000 -11,057,000 -29,124,000 94,627,000 54,205,000   -167,033,000 -158,456,000 -136,627,000 60,035,000 79,249,000 -6,653,000 15,479,000 -10,054,000 
      net increase in cash and cash equivalents
    		-412,165,000   -68,794,000 70,189,000                              68,000 -61,554,000 96,295,000 -4,518,000 3,461,000 -3,328,000 3,359,000 -2,416,000 4,388,000 -7,210,000 953,000 -22,823,000 28,105,000 -4,433,000    171,423,000     -748,000 -2,502,000 -1,612,000 -7,926,000 -13,212,000 20,885,000 -110,132,000   -23,301,000 -50,585,000 41,083,000 -11,916,000 8,272,000 -2,897,000 -54,612,000 50,034,000 6,637,000 143,000 3,515,000   -66,788,000 
      cash and cash equivalents at beginning of period
    		0 0 7,349,000 0 0 0 6,047,000                          0 0 35,687,000 0 0 0 2,003,000     0 0 0 975,000 0 0 0 176,892,000 0 0 0 4,858,000 0 0 7,599,000 0 0 0 9,464,000 0 0 0 82,963,000 0 17,825,000 0 0 11,538,000 0 0 0 9,336,000 0 0 0 89,490,000 
      cash and cash equivalents at end of period
    		-412,165,000 411,510,000 5,330,000 -68,794,000 70,189,000 502,000 5,452,000                          45,747,000 -19,335,000 35,755,000 -61,554,000 96,295,000 -4,518,000 5,464,000 -3,328,000 3,359,000 -2,416,000 4,388,000  953,000 -22,823,000 29,080,000 -4,433,000 483,000 -1,117,000 6,042,000 171,423,000 2,460,000 -993,000 4,002,000 1,285,000 -748,000 5,097,000 -1,612,000 -7,926,000 -13,212,000 30,349,000 -110,132,000 65,475,000 -5,541,000 59,662,000 -50,585,000 58,908,000 -11,916,000 8,272,000 8,641,000 -54,612,000 50,034,000 6,637,000 9,479,000 3,515,000 -7,340,000 -9,541,000 22,702,000 
      acquisition costs of investments in real estate debt
    		                                                                               
      loss (income) from unconsolidated joint ventures
    		 1,587,000 1,883,000                                                                             
      other
    		                      -1,265,000      3,000 -3,792,000 -472,000  1,000 257,000 -158,000                                             
      proceeds from repayment of investments in real estate debt
    		  150,791,000                                                                             
      purchase of investments in real estate debt
    		  -207,000                                                                             
      issuance of common stock
    		  -315,000                                                                             
      net decrease in cash and cash equivalents
    		  -2,019,000    -595,000                                           -1,117,000 -170,850,000   -993,000 -856,000                         
      gain on sales of investment in unconsolidated joint ventures
    		           -7,000    77,000 -13,121,000 0 -39,000                                                             
      loss on extinguishment of debt
    		            0                  85,000                     0 0 0 94,000       592,000          0 15,443,000       
      return of capital distributions from unconsolidated joint ventures
    		       0                                                                        
      proceeds from sale of interest in unconsolidated joint ventures
    		           0    -77,000 67,100,000                                                               
      proceeds from term loans
    		                                                                               
      proceeds from mortgages
    		                                                                               
      proceeds from sale of treasury stock
    		                                                                               
      acquisition of partner's noncontrolling interest
    		           0                                                                    
      amortization of deferred financing costs and discount on notes payable
    		                                                                               
      changes in other operating assets and liabilities:
    		                                                                               
      property acquisition, development, and tenant asset expenditures
    		    -48,015,000 -63,789,000 -72,317,000 -81,265,000 -63,975,000 -64,416,000 -69,863,000 -79,419,000 -90,616,000 -94,427,000 -77,779,000 -299,567,000 -372,234,000 -54,640,000 -61,369,000 -313,500,000 -70,636,000 -167,483,000 -67,983,000 -230,599,000 -83,334,000 -45,915,000 -122,785,000 -91,168,000 -32,701,000 -39,592,000 -60,175,000 -90,164,000 -78,661,000 -80,439,000 -70,711,000 -71,177,000 -46,763,000 -49,422,000 -26,172,000  -78,040,000 -35,500,000 -37,844,000  -280,927,000 -34,077,000 -36,653,000                                 
      bond issuance, net of original discount
    		                                                                               
      amortization of deferred financing costs and premium on notes payable
    		     975,000 1,039,000 1,040,000 1,041,000 1,040,000 1,021,000 218,000 -187,000 -181,000 51,000    -218,000                                                             
      net increase in cash, cash equivalents, and restricted cash
    		       -879,000 -1,105,000   -1,593,000 1,450,000 -2,943,000 -1,937,000 3,400,000 -4,280,000 -4,784,000 9,694,000 -32,581,000 8,517,000 -96,377,000 108,971,000 2,944,000 597,000 10,441,000 931,000 -80,430,000                                                    
      cash, cash equivalents, and restricted cash at beginning of period
    		       0 0 0 5,145,000 0 0 0 10,168,000 0 0 0 6,138,000 0 0 0 17,608,000 0 0 0 2,695,000 0 0                                                   
      cash, cash equivalents, and restricted cash at end of period
    		       -879,000 -1,105,000 4,446,000 3,585,000 -1,593,000 1,450,000 -2,943,000 8,231,000 3,400,000 -4,280,000 -4,784,000 15,832,000 -32,581,000 8,517,000 -96,377,000 126,579,000 2,944,000 597,000 10,441,000 3,626,000 -80,430,000 -27,435,000 1,223,000 109,337,000                                                 
      common stock issued under the atm
    		            1,452,000                                                                   
      purchase of partners' interest in consolidated joint venture
    		                                                                               
      loss on investment property transactions
    		         0 2,000   -28,000 69,000                                                                 
      return of capital distributions from unconsolidated joint venture
    		           6,053,000 0   13,467,000 0 0 25,955,000                                                             
      net decrease in cash, cash equivalents, and restricted cash
    		          -1,560,000                   1,223,000 -96,408,000                                                 
      impairment
    		                                                                               
      gain on extinguishment of debt
    		                                -429,000                          0 0   0 0                
      change in notes receivable and other assets
    		                   6,000 -219,000 26,000 26,000 -25,000 -24,000 -24,000 -23,000 -3,888,000 -2,475,000 -1,159,000 -795,000 7,931,000    2,458,000    -1,031,000 377,000 1,195,000 -423,000 -1,000 0 -1,845,000 -993,000 275,000 0 -709,000 -1,221,000                             
      repayment of notes payable
    		            -4,283,000 -4,239,000 -4,197,000 -97,255,000 -4,112,000 -4,072,000 -4,030,000 -3,990,000 -3,950,000 -3,911,000 -26,849,000 -3,972,000 -2,762,000 -681,735,000 -2,710,000 -2,683,000 -24,375,000 -2,183,000 -2,161,000 -2,139,000 -80,048,000 -410,619,000 -3,107,000  -2,650,000 -2,458,000 -2,131,000 -16,277,000 -2,203,000 -2,175,000 -2,196,000 -16,230,000 -2,096,000 -2,040,000 -2,577,000 -1,573,000 -592,000 -583,000 -75,139,000 -1,114,000 -1,074,000 -25,405,000 -1,215,000 -30,300,000 -27,115,000 -986,000 -40,654,000 -22,649,000                    
      contributions from nonredeemable noncontrolling interests
    		            -356,000 1,241,000 1,279,000      2,317,000 780,000 1,036,000  1,030,000 1,660,000 2,581,000                                                     
      distributions to nonredeemable noncontrolling interests
    		            -15,000 -6,000 -86,000 -141,000 -844,000 -346,000 -7,000 -136,000 -169,000 -213,000 -638,000 -666,000 -480,000 -541,000 -724,000 -582,000 -1,198,000 -474,000 -399,000 -443,000 -398,000                                               
      issuance of term loans
    		                                                                               
      issuance of term loan
    		               0 0                                                               
      repayment of term loan
    		               0 0                                                               
      amortization and write-off of deferred financing costs and premium on notes payable
    		               -81,000 -84,000                                                               
      cash and restricted cash acquired in merger
    		                       0 11,000                                                       
      distributions from unconsolidated joint ventures
    		                       -1,000    0 0 1,790,000 242,000 34,567,000 0 34,760,000 6,179,000 3,219,000 51,000 2,421,000 1,678,000 1,237,000 4,669,000 569,000 1,080,000 18,746,000 3,321,000 1,742,000 2,370,000 1,883,000 32,636,000 14,553,000 39,563,000 41,668,000 579,000 1,090,000 24,098,000 707,000 1,094,000 3,602,000 12,370,000 -31,000 1,406,000 2,279,000                  
      issuance of unsecured senior notes
    		                       0 0                                                       
      change in other receivables and other assets
    		                   -1,724,000 19,528,000 -6,582,000 -13,661,000 3,559,000 2,036,000 -13,954,000 -1,720,000 -5,614,000 2,073,000 4,586,000 -7,094,000 1,749,000 6,599,000 8,470,000 -5,362,000 332,000 7,012,000 920,000 -6,108,000 -4,485,000 3,654,000 -2,659,000 -7,447,000 1,268,000 -1,232,000 2,344,000 -3,024,000 -6,047,000 -2,061,000 70,000 -1,581,000 1,218,000 -310,000 -1,453,000 -306,000 -2,129,000 1,372,000 -258,000 2,334,000 3,183,000 48,000 -1,695,000   -2,413,000 381,000 -1,047,000 -6,131,000           2,692,000 
      gain on sales of investments in unconsolidated joint ventures
    		                    59,000 231,000 -46,230,000                                                         
      gain on investment properties transactions
    		                    523,000 201,000 -90,916,000                                                         
      amortization of deferred financing costs and premium/discount on notes payable
    		                    -225,000 -230,000 -216,000  512,000 596,000 615,000 609,000 605,000 651,000 552,000 404,000 405,000 -200,000 -2,748,000                                             
      stock-based compensation expense, net of forfeitures
    		                    930,000 2,201,000 1,284,000 621,000 615,000 1,987,000 607,000 574,000 561,000 1,722,000 542,000 508,000 507,000 1,490,000 489,000 581,000 418,000                                           
      effect of non-cash adjustments to revenues
    		                    -15,311,000 -12,701,000 -13,602,000  -7,877,000 -11,356,000 -11,933,000                                                     
      proceeds from sales of investments in unconsolidated joint ventures
    		                    -59,000 -230,000 53,104,000                                                         
      investment in unconsolidated joint ventures
    		                    -1,411,000 -1,103,000 -1,238,000 -1,885,000 -9,227,000 -6,683,000 -5,566,000 -7,657,000 -12,853,000 -8,810,000 -21,613,000 -6,218,000 -5,596,000 -6,731,000 -1,535,000 -3,613,000 -2,637,000 -6,057,000 -16,224,000 -2,499,000 -4,043,000 -3,018,000 -425,000 -7,764,000 -2,826,000 -5,093,000 -2,659,000 -9,783,000 -2,041,000 -79,000 -19,000 -48,000 -336,000 -1,752,000 -4,483,000 -4,044,000 -9,002,000 -839,000 -17,885,000 -4,720,000 -2,602,000 -1,022,000 -1,339,000 -888,000 -1,256,000 -1,751,000 -8,368,000 -8,616,000 -1,939,000 -2,038,000 -2,325,000 -3,759,000 -14,405,000 -3,400,000 -2,183,000  -8,279,000 -1,423,000 -10,617,000 
      proceeds from sale of interest in unconsolidated joint venture
    		                                                                               
      purchase of tenant-in-common interest
    		                                                                               
      common stock issued, net of expenses
    		                               -77,000 -222,000 -5,000 211,825,000     0 -1,000 23,000 -14,000 -67,000 223,393,000 -25,000 98,544,000 -296,000           -268,000    -167,000 318,646,000 17,000 -90,000 726,000 340,000 1,300,000 544,000 4,074,000 2,011,000 9,417,000 2,175,000 1,061,000  1,369,000 2,269,000 3,090,000 
      gain on sale of investment properties
    		                        27,000   -525,000 33,000   -13,330,000 32,000                      -143,000 -2,880,000 -59,000 325,000   -1,061,000 -756,000                 -6,864,000 
      (gain) loss on sale of investment properties
    		                          -13,111,000        70,000                                             
      depreciation and amortization, including discontinued operations
    		                               44,199,000 47,622,000 50,040,000 54,884,000 49,101,000 31,842,000 32,381,000 31,969,000 31,848,000 33,233,000 33,988,000 36,393,000 38,541,000 33,127,000 35,186,000 34,168,000 30,528,000 18,837,000 14,814,000 12,299,000 11,291,000 14,142,000                           
      (gain) loss on extinguishment of debt
    		                                                                               
      cash and restricted cash acquired in merger with parkway properties, inc.
    		                                                                               
      investment in marketable securities
    		                                                                               
      proceeds from issuance of notes payable
    		                                250,000,000                                               
      cash distributed to parkway, inc.
    		                                                                               
      repurchase of common stock
    		                                   0 0 0 -13,743,000 -29,470,000                                        
      collection of notes receivable
    		                                0           0 514,000   347,000 552,000 342,000 339,000  335,000 609,000 212,000 250,000 62,000 36,000                      
      loss on sale of investment properties
    		                              372,000                                                 
      shares withheld for payment of taxes on restricted stock vesting
    		                              -759,000  0                                               
      cash , cash equivalents, and restricted cash at beginning of period
    		                              205,745,000                                                 
      investments in marketable securities
    		                                                                               
      proceeds from notes payable
    		                                                                               
      effect of certain non-cash adjustments to rental revenues
    		                                -9,322,000 -10,724,000 -13,333,000 -9,907,000 -6,310,000 -4,758,000 -4,898,000 -4,568,000 -6,860,000 -6,118,000 -8,929,000 -8,299,000 -6,601,000 -6,065,000 -9,074,000 -6,055,000 -2,932,000 -867,000 -1,806,000                             
      purchase of tenant in common interest
    		                                0 0 -13,382,000                                             
      change in restricted cash
    		                                7,610,000 5,346,000 2,149,000 22,897,000 -2,791,000 -251,000 -625,000 182,000 945,000 -658,000 6,000 473,000 -740,000 -426,000 -668,000 -10,000 277,000 386,000 -764,000 -103,000 2,168,000 -795,000 807,000 9,125,000 1,378,000 -496,000 1,638,000 -12,688,000 -1,816,000 457,000 1,276,000 -581,000 269,000 -913,000 -413,000 1,119,000 -1,243,000 42,000 -113,000 -44,000 -422,000 1,680,000 -232,000  -507,000 45,000 -853,000 
      interest paid, net of amounts capitalized
    		                                4,206,000 9,139,000 13,582,000  6,661,000 6,651,000 7,480,000  7,102,000 7,782,000 7,695,000  6,194,000 7,070,000 7,186,000  4,803,000 4,249,000 5,470,000  5,467,000 5,247,000 6,606,000                         
      significant non-cash transactions:
    		                                                                               
      transfer from operating properties to real estate assets and other assets held for sale
    		                                  44,653,000      -36,284,000                                       
      transfer from operating properties to liabilities of real estate assets held for sale
    		                                  -130,691,000      -289,000                                       
      transfer from investment in unconsolidated joint ventures to operating properties
    		                                0 0 68,390,000                                             
      transfer from projects under development to operating properties
    		                                0                0                               
      common stock dividends declared
    		                                -11,000 77,000 25,135,000                                             
      transfer from investment in unconsolidated joint ventures to projects under development
    		                                    0 0 5,880,000                                         
      transfer from land held to projects under development
    		                                                                               
      change in accrued property acquisition, development, and tenant asset expenditures
    		                                -16,971,000 -1,521,000 411,000  7,493,000 3,470,000 421,000  -4,534,000 2,048,000 -1,632,000                                     
      collection of note receivable
    		                                  3,292,000                                             
      gain on sale of investment properties, including discontinued operations
    		                                   -63,170,000   -14,190,000 -42,720,000   -554,000 -10,953,000 -13,074,000 -1,341,000 -6,526,000 1,711,000 -12,147,000 -492,000 -57,272,000        -717,000    -143,000 -260,000                
      land and multi-family cost of sales, net of closing costs paid
    		                                           0 47,000   63,000 0 0 904,000                             
      investment in preferred stock
    		                                                                               
      cash acquired in merger with parkway properties, inc.
    		                                                                               
      repayment of notes payable, including prepayment penalties
    		                                                                               
      redemption of preferred shares
    		                                           0 0   0 0                               
      preferred dividends paid
    		                                           0 0 -1,178,000 -1,777,000 -1,777,000 -1,777,000 -3,227,000 -3,227,000 -3,227,000 -3,226,000 -3,227,000 -3,227,000           -3,227,000 -3,812,000 -3,813,000 -3,813,000 -3,812,000 -3,813,000 -3,813,000 -3,812,000 -3,812,000 -3,813,000  -3,819,000 -3,813,000 -3,166,000 
      amortization of deferred financing costs
    		                                    364,000 219,000 480,000 350,000 357,000 494,000 222,000 0 0 309,000 295,000 -163,000 254,000 245,000 279,000 272,000 272,000 277,000 235,000 401,000 543,000 536,000 579,000 584,000 504,000 407,000 349,000 348,000 368,000 408,000 393,000 386,000 274,000 253,000 260,000 1,087,000 315,000 272,000 264,000  320,000   
      payment of loan issuance costs
    		                                           -819,000 0   0    0 0 -66,000 -3,353,000    1,000 -274,000 -76,000 -1,647,000     -17,000 -25,000 -3,074,000 226,000 -269,000 -127,000 -29,000 -146,000 -1,849,000     
      (gain) loss on sale of investment properties, including discontinued operations
    		                                                                               
      amortization of stock options and restricted stock, net of forfeitures
    		                                      403,000 369,000 296,000 333,000 475,000 484,000 449,000 472,000 587,000 477,000 434,000 626,000 361,000                             
      gain on sale of third party management and leasing business
    		                                                                               
      proceeds from sale of third party management and leasing business
    		                                                                               
      property acquisition, development and tenant asset expenditures
    		                                               -24,247,000 -1,091,209,000 -115,018,000 -295,789,000 -10,951,000 -75,560,000 -10,519,000 -8,039,000                         
      proceeds from other notes payable
    		                                           85,000,000    7,000 302,976,000 126,000 1,166,000        0                5,917,000     
      impairment losses, including discontinued operations
    		                                                                               
      loss on extinguishment of debt, including discontinued operations
    		                                                                               
      increase in accrued property acquisition, development, and tenant asset expenditures
    		                                            2,056,000                                   
      transfer from operating properties to operating properties and related assets held for sale
    		                                                0                               
      transfer from other assets to projects under development
    		                                                0                               
      (income) income from unconsolidated joint ventures
    		                                              -1,286,000            -2,000,000                     
      accrued property acquisition, development, and tenant asset expenditures
    		                                              20,749,000                                 
      losses on abandoned predevelopment projects
    		                                                          -1,120,000 0                    
      impairment losses on investments in unconsolidated joint ventures
    		                                                                               
      land and multi-family acquisition and development expenditures
    		                                                                               
      impairment loss included in discontinued operations
    		                                                                               
      common stock issued, net of issuance costs
    		                                                                               
      impairment losses on investment in unconsolidated joint ventures
    		                                                                               
      stock-based compensation
    		                                                   822,000 212,000 627,000 583,000 497,000 507,000 679,000 577,000 309,000 954,000 508,000 340,000 380,000 2,107,000 916,000 941,000 998,000 1,101,000 1,266,000 1,486,000         
      payment of debt guarantee for unconsolidated joint venture
    		                                                          0 0                    
      repayment of credit and term facilities
    		                                                          -21,100,000                     
      gain on sales of investment properties and other, net, including discontinued operations
    		                                                                               
      impairment losses
    		                                                    488,000                           
      effect of recognizing rental revenues on a straight-line or market basis
    		                                                    -948,000 -626,000 -1,482,000 -1,597,000 -2,205,000 -1,500,000 -1,507,000 -1,410,000 -1,237,000 -988,000 -1,574,000 -1,193,000 -1,021,000 -1,182,000 -1,326,000 -1,219,000 -1,257,000 -79,000 425,000 1,059,000 -378,000 -934,000 -1,119,000  -1,270,000 -719,000 -884,000 
      residential lot and multi-family cost of sales, net of closing costs paid
    		                                                    328,000 519,000 538,000                         
      residential lot development expenditures
    		                                                    -5,000                           
      change in accounts payable and other liabilities
    		                                                    -2,711,000                           
      proceeds from sales of investment properties and other
    		                                                                               
      change in other assets
    		                                                    -867,000 -690,000 -1,176,000 -824,000 -935,000 -1,451,000 489,000 -223,000 -562,000 -1,067,000 -322,000 -478,000 -1,134,000 -878,000 -8,496,000 -538,000 -8,195,000 -3,114,000 -5,978,000 -8,145,000 -3,621,000 -8,893,000 -207,000  1,886,000 3,244,000 -1,687,000 
      repayments of credit facility
    		                                                    -88,100,000 -80,100,000 -350,750,000                         
      proceeds from notes payable and construction facilities
    		                                                    5,683,000 3,758,000 102,191,000                         
      income taxes refunded
    		                                                                               
      signficant non-cash transactions:
    		                                                                               
      transfer from other assets to investment in unconsolidated joint ventures
    		                                                       0                        
      common stock issuance costs
    		                                                        -2,000 -14,000   -33,000 -27,000                  
      impairment loss
    		                                                      12,233,000 0 0 3,508,000 1,968,000 0    4,012,000                
      change in accounts payable and accrued liabilities
    		                                                      -3,796,000 -1,912,000 5,281,000 -5,421,000 -5,188,000 1,331,000 257,000 3,040,000 -14,175,000 4,471,000 1,600,000 -2,780,000 5,361,000 -1,462,000 -196,000 10,235,000 -1,867,000 -8,620,000 1,864,000 7,722,000 3,244,000  6,480,000   
      adjustments to reconcile net income to net cash flows from operating activities:
    		                                                                               
      residential lot, outparcel and multi-family cost of sales, net of closing costs paid
    		                                                       157,000 65,000 2,325,000 8,926,000 5,236,000 5,803,000 15,778,000 15,567,000 7,039,000 3,079,000 1,730,000 874,000 874,000 3,172,000 1,072,000 1,192,000         
      residential lot acquisition and development expenditures
    		                                                       -255,000 -128,000 -435,000                      
      property acquisition and development and tenant asset expenditures
    		                                                       -19,785,000 -7,248,000 -7,667,000                      
      payment of debt guarantee of unconsolidated joint venture
    		                                                                               
      cash common dividends paid
    		                                                       -4,666,000 -4,663,000 -4,653,000 -3,085,000 -3,060,000 -3,034,000 -2,997,000 -2,972,000 -2,617,000                
      cash preferred dividends paid
    		                                                       -3,226,000 -3,227,000 -3,227,000 -3,227,000 -3,226,000 -3,227,000 -3,227,000 -3,225,000 -3,228,000                
      income taxes refunded, net of amounts paid
    		                                                                               
      transfer from investment in joint venture to deposits and deferred income
    		                                                                               
      land received on note receivable default
    		                                                                               
      impairment loss on investment in unconsolidated joint ventures
    		                                                               22,928,000                
      change in deferred income taxes, net of valuation allowance
    		                                                                               
      residential lot, outparcel and multi-family acquisition and development expenditures
    		                                                          -1,609,000 -769,000 -466,000 -428,000 -1,116,000 -3,162,000 -1,522,000 -1,483,000 -5,566,000 -4,918,000 -15,851,000 -15,113,000 -4,203,000 -4,948,000 -17,405,000 -3,213,000 -7,131,000     
      income tax deficiency from stock based compensation expense
    		                                                                               
      property acquisition and development expenditures
    		                                                          -7,406,000   -4,279,000 -14,207,000 -11,024,000 -13,529,000 -15,114,000 -55,278,000 -58,250,000 -64,089,000 -80,486,000 -77,616,000 -73,620,000 -234,533,000 -64,299,000 -88,461,000  -54,041,000 -67,762,000 -61,923,000 
      collection of notes receivable, net of investment
    		                                                          2,000                     
      repurchase of preferred stock
    		                                                                               
      property acquisition, development and other capital expenditures
    		                                                                               
      investment in notes receivable, net of collections
    		                                                                               
      investment in notes receivable
    		                                                              37,000 569,000 -623,000 -17,000 -67,000 -19,000     -41,000 -39,000 -1,157,000     
      repayment of other notes payable
    		                                                             -9,229,000 -492,000 -3,766,000 -71,001,000 -560,000         -1,282,000  -20,295,000 -1,244,000 -1,344,000 
      change in deferred income taxes
    		                                                              0 0 12,838,000 -3,941,000              
      income tax deficiency (benefit) from stock based compensation expense
    		                                                                               
      proceeds from venture formation
    		                                                                    0 3,586,000 15,752,000         
      income tax benefit (deficiency) from stock based compensation expense
    		                                                                               
      abandoned predevelopment projects
    		                                                               0                
      operating distributions in excess of income from unconsolidated joint ventures
    		                                                               21,408,000                
      change in notes and other receivables and other assets
    		                                                                               
      distributions from unconsolidated joint ventures in excess of income
    		                                                               1,425,000 929,000 1,571,000 1,517,000 625,000 2,086,000 358,000 1,447,000 5,001,000 74,403,000 1,411,000 6,329,000     
      proceeds from other notes payble
    		                                                                               
      gain on sale of investment properties, net of income tax provision
    		                                                                 -167,434,000 -5,212,000 -3,792,000 -10,227,000 -40,000 -12,604,000 -34,003,000 -54,312,000 -196,000 -996,000  -1,866,000   
      income from unconsolidated joint ventures less than operating distributions
    		                                                                 304,000              
      proceeds from construction loans
    		                                                                               
      income from unconsolidated joint ventures less than (in excess of) operating distributions
    		                                                                  3,285,000 8,364,000 3,106,000 -1,583,000 -1,617,000         
      income tax deficiency (benefit) from stock compensation expense
    		                                                                               
      minority interest in income of consolidated entities
    		                                                                  251,000 671,000 -286,000           
      proceeds from credit, term loan, and construction facilities
    		                                                                  79,900,000 140,425,000            
      repayment of credit and construction facilities
    		                                                                    -802,600,000 382,500,000 -635,700,000 -442,300,000 -311,400,000 -393,168,000 -249,268,000     
      defeasance costs paid
    		                                                                       0        
      proceeds from other notes payable or construction loans
    		                                                                  3,000 12,000 158,414,000 3,343,000 660,000 1,219,000 1,536,000       
      repayment of other notes payable or construction loans
    		                                                                  -9,179,000 -519,000 -22,628,000 -653,000 -628,000 -506,000 -140,212,000       
      income tax benefit (deficiency) from stock compensation expense
    		                                                                               
      contributions from minority partners
    		                                                                    57,000 232,000 116,000 207,000 708,000       
      distributions to minority partners
    		                                                                  -653,000 -594,000 -670,000 -606,000 -651,000 -628,000 -13,458,000 -6,742,000 -374,000     
      cash and cash equivalents at beginning of year
    		                                                                               
      cash and cash equivalents at end of year
    		                                                                               
      income tax benefit from stock options
    		                                                                    -3,000 -52,000 -728,000      299,000 234,000 412,000 
      repayment of credit facilities
    		                                                                  -77,100,000 -22,225,000            
      purchase of treasury stock
    		                                                                    0           
      change in other receivables
    		                                                                    -7,196,000 -19,000 -1,820,000 1,009,000 -2,519,000 20,601,000 -7,621,000  -11,051,000   
      proceeds from credit and construction facilities
    		                                                                    746,400,000 -274,900,000 688,200,000         
      proceeds from (investment in) notes receivable
    		                                                                     252,000 2,007,000         
      minority interest in income of consolidated subsidiaries
    		                                                                      862,000         
      net cash provided financing activities
    		                                                                      33,523,000         
      stock-based compensation expense
    		                                                                       2,429,000        
      income from unconsolidated joint ventures in excess of operating distributions
    		                                                                               
      residential lot, outparcel and multi-family cost of sales
    		                                                                       3,987,000 4,792,000 14,292,000 8,495,000     
      minority interest in income
    		                                                                               
      proceeds from venture formation accounted for as a sale
    		                                                                       67,268,000        
      borrowings under credit and construction facilities
    		                                                                               
      preferred stock issued, net of issuance costs
    		                                                                               
      operating distributions from unconsolidated joint ventures in excess of income
    		                                                                        -2,955,000 -3,630,000 4,790,000     
      borrowings from credit and construction facilities
    		                                                                        332,500,000 300,502,000 328,299,000     
      amortization of unearned compensation
    		                                                                         1,497,000 1,812,000  766,000   
      proceeds from venture formation, net of closing and transaction costs
    		                                                                               
      tax benefit from stock transactions
    		                                                                               
      borrowings from credit facility
    		                                                                               
      residential lot and outparcel cost of sales
    		                                                                             2,776,000 1,119,000 
      residential lot and outparcel acquisition and development expenditures
    		                                                                             -1,229,000 -1,045,000 
      distributions in excess of income from unconsolidated joint ventures
    		                                                                             9,215,000 346,000 
      borrowings from credit facility, net of closing costs
    		                                                                             131,558,000 10,903,000 
      distributions to minority partner
    		                                                                             0 -926,000 
      amortization of unearned compensation and stock appreciation right adjustments
    		                                                                              783,000 
      change in accts payable and accrued liabilities
    		                                                                              -6,040,000 
      recognition of deferred income
    		                                                                              -60,000 
      income from continuing operations before gain on sale of investment properties
    		                                                                               
      adjustments to reconcile income from continuing operations before gain on sale of investment properties to net cash from operating activities:
    		                                                                               
      changes in other operating assets and liabilities change in other receivables
    		                                                                               
      net cash from operating activities of continuing operations
    		                                                                               
      net cash from operating activities of discontinued operations
    		                                                                               
      gain on sale of investment properties, net of applicable income tax provision
    		                                                                               
      gain on sale of investment properties included in discontinued operations
    		                                                                               
      gain attributable to minority partner
    		                                                                               
      adjustments to reconcile gain on sale of investment properties to net cash from sales activities:
    		                                                                               
      cost of sales
    		                                                                               
      deferred income recognized
    		                                                                               
      investment in unconsolidated joint ventures, including interest capitalized to equity investments
    		                                                                               
      preferred stock sold, net of expenses
    		                                                                               
      common stock sold, net of expenses
    		                                                                               
      common stock repurchases
    		                                                                               
      debt issuance costs
    		                                                                               
      effect of recognizing rental revenues on a straight-line basis
    		                                                                               
      adjustments to reconcile gain on sale of investment properties, net of applicable income tax provision to net cash from sales activities:
    		                                                                               
      preferred dividends
    		                                                                               
      common dividends
    		                                                                               
      distribution to minority partner
    		                                                                               
      adjustments to reconcile gains on sale of investment properties to net cash from sales activities:
    		                                                                               
      real estate expenditures
    		                                                                               
      issuance of note receivable
    		                                                                               
      payoff of note receivable
    		                                                                               
      reserve funds deposits
    		                                                                               
      payments for furniture, fixtures and equipment
    		                                                                               
      proceeds of note payable
    		                                                                               
      payoff of note payable
    		                                                                               
      repayments of note payable
    		                                                                               
      partnership distributions
    		                                                                               
      supplemental disclosure of cash flow information:
    		                                                                               
      cash paid for interest
    		                                                                               
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.