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 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2017-03-31 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2011-06-30 2011-03-31 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 
      
    		                                             
      cash flows from operating activities:
    		                                             
      net income
    		68,708,000 71,462,000 48,356,000 58,727,000 20,996,000 21,168,000 -12,540,000 -84,716,000 -69,559,000 105,066,000 18,912,000 -43,384,000 3,063,000 -41,202,000 40,592,000 -39,105,000 62,774,000 88,288,000 -55,398,000 13,737,000 -159,235,000 474,730,000 86,918,000 140,338,000 199,148,000 143,440,000 149,034,000 23,005,000 150,350,000 120,807,000 109,701,000 138,566,000 121,274,000 118,599,000 114,533,000 113,098,000 19,734,000 49,046,000 58,965,000 53,168,000 54,778,000 50,430,000 89,183,000 74,969,000 58,475,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                             
      depreciation and amortization
    		357,173,000 347,719,000 321,525,000 308,772,000 304,268,000 339,848,000 300,255,000 435,276,000 370,377,000 304,689,000 282,119,000 324,178,000 301,481,000 283,075,000 289,064,000 318,959,000 313,596,000 250,700,000 314,148,000 249,366,000 349,594,000 248,837,000 234,603,000 244,324,000 217,783,000 221,961,000 236,387,000 240,210,000 249,207,000 247,453,000 201,236,000 192,064,000 193,876,000 188,393,000 193,989,000 186,943,000 80,755,000 51,759,000 50,185,000 52,537,000 52,092,000 50,345,000 48,909,000 49,908,000 54,974,000 
      amortization of deferred revenue and lease intangibles
    		-11,648,000 -9,801,000 -9,563,000 -13,048,000 -13,782,000 -13,767,000 -13,645,000 -15,061,000 -14,951,000 -14,679,000 -14,913,000 -15,081,000 -14,971,000 -16,090,000 -17,401,000 -17,175,000 -40,069,000 -16,785,000 -14,766,000 -19,009,000 -3,361,000 -2,973,000 -339,000 -1,130,000 -5,015,000 -5,053,000 -5,037,000 -5,682,000 -7,027,000 -6,603,000 -4,896,000 -4,496,000 -5,383,000 -4,156,000 -3,693,000 -3,310,000 -3,534,000 -1,799,000 -1,394,000 -1,549,000 -1,518,000 -1,564,000 -1,729,000 -1,858,000 -2,142,000 
      other non-cash amortization
    		8,425,000 6,696,000 7,363,000 7,796,000 7,495,000 7,554,000 7,298,000 6,917,000 6,530,000 4,815,000 4,154,000 3,474,000 3,071,000 3,303,000 3,109,000 3,023,000 4,567,000 4,847,000 5,272,000 5,558,000 5,802,000 3,851,000 5,323,000 9,127,000 2,460,000 2,241,000 2,446,000 2,142,000 1,428,000 -519,000 2,312,000 -963,000 -1,965,000 -3,975,000 -4,072,000 -5,329,000          
      recovery of allowance on loans receivable and investments
    		                                             
      stock-based compensation
    		5,905,000 7,683,000 18,827,000 4,647,000 4,268,000 5,792,000 16,284,000 5,689,000 4,909,000 5,329,000 15,060,000 1,929,000 6,185,000 6,805,000 15,796,000 5,801,000 4,700,000 5,393,000 16,072,000 5,765,000 1,043,000 10,514,000 8,195,000 11,774,000 6,701,000 5,008,000 5,029,000 4,869,000 4,885,000 6,307,000 5,381,000 5,367,000 6,044,000 4,210,000 5,138,000 5,662,000 4,352,000 4,016,000 3,057,000 3,032,000 2,667,000 3,078,000 3,078,000 3,059,000 2,160,000 
      straight-lining of rental income
    		-26,237,000 -8,200,000 -4,347,000 1,375,000 -1,119,000 -2,738,000 -2,612,000 -3,172,000 -2,541,000 -1,439,000 -445,000 -963,000 -2,572,000 -3,718,000 -3,841,000 -4,302,000 -2,999,000 -3,304,000 -3,863,000 15,635,000 98,287,000 -6,788,000 -8,680,000 -11,623,000 -5,377,000 -5,581,000 -9,845,000 -8,357,000 -8,082,000 -8,679,000 -12,413,000 -9,317,000 -7,914,000 -6,835,000 -6,465,000 -7,865,000 -1,977,000 -1,772,000 -2,526,000 -2,449,000 -2,918,000 -2,971,000 -3,052,000 -2,938,000 -3,437,000 
      loss on extinguishment of debt
    		      252,000     0 574,000   2,491,000 29,792,000 -74,000 27,090,000    37,434,000 4,118,000 309,000  314,000          6,000 16,520,000        
      gain on real estate dispositions
    		-1,283,000 -33,816,000 -169,000 -6,727,000 -271,000 -49,670,000 -341,000 -39,802,000 -10,711,000 -1,405,000 -10,201,000 -5,223,000 -136,000 34,000 -2,455,000 -24,705,000 -150,292,000 -41,258,000 -2,533,000 -12,622,000 -1,254,000 -226,225,000 -36,000 18,692,000 -43,289,000 -5,739,000 -26,184,000 -217,000 -7,746,000 -6,686,000 -3,584,000 -11,705,000 -2,437,000 -46,000 -1,718,000 -477,000          
      income tax (benefit) expense
    		            -5,777,000 -5,379,000 -5,805,000             -12,477,000 -10,390,000 -7,850,000       -6,207,000 -3,197,000        
      (income) income from unconsolidated entities
    		               2,306,000 -2,767,000        -123,000      47,000 -348,000 -248,000             
      distributions from unconsolidated entities
    		6,723,000 9,935,000 5,091,000 4,659,000 3,576,000 5,487,000 4,576,000 3,170,000 3,271,000 4,210,000 5,472,000 4,380,000 4,748,000 6,363,000 4,356,000 9,860,000 2,986,000 2,583,000 3,897,000 1,360,000 0 1,600,000 100,000 -1,080,000 2,380,000 1,884,000 1,989,000                   
      other
    		11,169,000 1,475,000 -4,227,000 25,081,000 552,000 5,551,000 -5,422,000 -28,726,000 -1,498,000 -15,805,000 1,526,000 16,067,000 11,294,000 49,452,000 -24,324,000 27,234,000 34,011,000 -20,462,000 -14,379,000 2,859,000 8,951,000 3,805,000 4,145,000 4,439,000 652,000 -375,000 1,099,000 5,859,000 15,107,000 2,860,000 7,105,000 3,418,000 3,076,000 2,261,000 992,000 2,880,000 291,000 398,000 -291,000 53,000 -178,000 101,000 -171,000 157,000 531,000 
      changes in operating assets and liabilities:
    		                                             
      increase in other assets
    		   5,041,000 -105,881,000 9,316,000 -25,839,000 6,894,000 -37,998,000 -456,000 -16,885,000 536,000 -20,811,000 -14,445,000 -18,177,000 -5,520,000 -23,433,000 -20,518,000 -5,100,000 -55,765,000 1,305,000 -13,768,000 -14,894,000 -40,758,000 -3,714,000  -4,835,000       -11,717,000 -5,956,000 -10,459,000 -8,400,000 -1,540,000 -1,402,000 -3,772,000 2,763,000    -2,247,000 
      decrease in accrued interest payable
    		                                             
      increase in accounts payable and other liabilities
    		   -326,000    -15,719,000 28,782,000 -1,232,000 -18,236,000 -20,044,000 26,926,000 -2,310,000 2,625,000 -24,175,000 15,121,000   240,642,000 -16,358,000 -16,535,000 28,775,000               389,000   7,328,000    -740,000 
      net cash from operating activities
    		378,581,000 475,338,000 321,144,000 373,641,000 353,664,000 335,872,000 266,448,000 279,084,000 286,145,000 311,827,000 242,817,000 267,253,000 300,278,000 278,079,000 274,553,000 265,801,000 231,459,000 291,263,000 237,593,000 434,402,000 405,559,000 314,452,000 354,329,000 393,488,000 335,731,000 383,584,000 272,891,000 304,321,000 373,555,000 344,169,000 324,270,000 311,281,000 284,421,000 327,741,000 277,383,000 230,305,000 55,531,000 130,769,000 92,156,000 115,561,000 98,904,000 128,055,000 83,000,000 112,142,000 67,699,000 
      cash flows from investing activities:
    		                                             
      net investment in real estate property
    		-1,024,522,000 -193,458,000 -767,269,000 -1,406,909,000 -193,804,000 -289,152,000 -36,092,000 -1,841,000 -3,648,000   -7,329,000 -51,004,000 -44,503,000 -343,792,000 -265,842,000 -1,103,000,000 0 -210,000 -156,000 2,070,000 -79,539,000 -731,766,000 -9,196,000 -198,843,000 -20,833,000 -13,620,000 -1,303,078,000 -181,371,000 -1,072,539,000 -912,510,000 -89,660,000 -181,866,000 -1,075,144,000 -227,447,000 -56,175,000   -11,055,000 -11,860,000 -21,987,000 -4,370,000 -10,971,000 -8,387,000 -6,514,000 
      investment in loans receivable
    		-285,000 -119,000 -462,000 -4,668,000 -108,848,000 -6,615,000 -5,232,000 -1,867,000 -294,000 -300,000 -289,000 -25,363,000 -112,000 -108,000 -5,117,000 -105,000 -101,000 -97,000 -186,000 -45,857,000 -66,239,000 -1,051,000 -750,429,000             -2,789,000   0 -15,796,000 -6,430,000 0 0 -7,373,000 -10,000,000 
      proceeds from real estate disposals
    		9,755,000 135,764,000 13,250,000 53,698,000 37,305,000 198,075,000 40,016,000 232,238,000 102,891,000 17,988,000 46,417,000 100,445,000 6,310,000 47,000 6,124,000 343,135,000 381,453,000 107,767,000 8,083,000 54,800,000 2,365,000 625,439,000 3,150,000   9,350,000 54,211,000 136,442,000 106,850,000 166,341,000 60,396,000 26,200,000 26,150,000 4,901,000 13,040,000 11,250,000   22,275,000 754,000 -38,019,000 1,188,000 0 95,373,000 45,804,000 
      proceeds from loans receivable
    		1,584,000 4,978,000 2,870,000 374,000 5,912,000 316,000 268,000 594,000 214,000 -532,000 44,354,000 198,000 205,000 310,000 177,000 45,391,000 266,225,000 20,056,000 16,419,000 191,000 7,658,000 99,117,000 719,026,000 286,294,000 3,363,000 6,019,000 1,625,000 13,634,000 1,219,000 92,056,000 49,593,000 4,817,000 1,163,000 81,113,000 71,649,000 146,394,000 112,413,000 19,950,000 131,000 1,192,000 120,000 207,000 6,051,000 1,650,000 13,000 
      development project expenditures
    		-58,874,000 -67,170,000 -58,368,000 -82,668,000 -74,736,000 -80,091,000 -84,737,000 -143,951,000 -94,830,000 -75,730,000 -69,079,000 -104,951,000 -45,110,000 -44,287,000 -37,591,000 -43,045,000 -73,755,000 -72,296,000 -58,598,000 -129,569,000 -86,169,000 -94,229,000 -115,619,000 -27,774,000 -86,452,000 -34,912,000 -34,767,000 -27,828,000 -29,163,000 -33,467,000 -26,952,000 -20,475,000 -23,948,000 -26,423,000 -26,696,000 -21,588,000          
      capital expenditures
    		-92,175,000 -75,071,000 -58,906,000 -87,579,000 -72,127,000 -72,521,000 -49,387,000 -99,046,000 -64,098,000 -52,694,000 -43,577,000 -67,369,000 -63,757,000 -54,276,000 -36,728,000 -65,964,000 -45,189,000 -44,448,000 -29,674,000 -40,888,000 -26,730,000 -26,789,000 -41,406,000 -34,546,000 -23,835,000 -23,204,000 -23,721,000 -32,383,000 -22,258,000 -21,171,000 -20,709,000 -19,392,000 -16,134,000 -18,175,000 -12,664,000 -19,795,000 -11,273,000 -7,963,000 -2,783,000 -4,295,000 -6,614,000 -3,156,000 -158,000 -3,870,000 -4,185,000 
      free cash flows
    		286,406,000 400,267,000 262,238,000 286,062,000 281,537,000 263,351,000 217,061,000 180,038,000 222,047,000 259,133,000 199,240,000 199,884,000 236,521,000 223,803,000 237,825,000 199,837,000 186,270,000 246,815,000 207,919,000 393,514,000 378,829,000 287,663,000 312,923,000 358,942,000 311,896,000 360,380,000 249,170,000 271,938,000 351,297,000 322,998,000 303,561,000 291,889,000 268,287,000 309,566,000 264,719,000 210,510,000 44,258,000 122,806,000 89,373,000 111,266,000 92,290,000 124,899,000 82,842,000 108,272,000 63,514,000 
      investment in unconsolidated entities
    		-15,302,000 -9,927,000 -14,928,000 -14,294,000 -26,434,000 -17,890,000 -11,179,000 -32,533,000 -33,742,000 -28,455,000 -35,792,000 -33,250,000 -17,316,000 -9,296,000 -23,790,000 -22,151,000 -38,829,000 -29,859,000 -38,452,000 33,000 -2,056,000 -5,809,000 -777,000                       
      insurance proceeds for property damage claims
    		2,287,000 583,000 69,000 19,000 689,000 1,078,000 1,756,000 3,130,000 5,056,000 7,704,000 1,686,000 3,722,000 2,064,000 4,527,000 3,391,000 784,000 111,000 384,000 6,000 -9,000 0 42,000 3,518,000                       
      net cash from investing activities
    		-1,177,532,000 -204,420,000 -883,744,000 -1,536,214,000 -429,488,000 -266,800,000 -144,587,000 -43,276,000 -13,781,000 -71,327,000 -56,280,000 -133,897,000 -166,061,000 -121,934,000 -437,326,000 -7,797,000 -595,238,000 -18,493,000 -102,612,000 -161,455,000 -169,101,000 517,181,000 -914,152,000 526,338,000 -1,034,065,000 -69,816,000 -166,751,000 -1,257,818,000 -88,217,000 -908,530,000 -850,737,000 -167,083,000 -218,350,000 -1,034,511,000 -203,063,000 59,473,000 -776,287,000 31,681,000 8,568,000 -30,005,000 -67,930,000 -6,131,000 -5,078,000 77,393,000 26,888,000 
      cash flows from financing activities:
    		                                             
      net change in borrowings under revolving credit facilities
    		-1,346,000 1,128,000 -6,550,000 -952,000 4,619,000 -5,062,000 -5,708,000 -18,579,000 -2,124,000 -6,047,000 14,340,000 -7,737,000 -11,620,000 2,045,000 -9,867,000 18,666,000 -39,934,000 -109,275,000 5,144,000 -539,560,000 -2,296,737,000 2,762,153,000 785,228,000              131,500,000 -32,000,000 88,191,000 29,089,000 -1,417,000 -1,528,000 -202,882,000 -87,046,000 245,582,000 
      proceeds from debt
    		19,651,000 557,519,000 29,680,000 107,985,000 589,110,000 660,847,000 555,489,000 123,413,000 655,537,000 1,404,632,000 343,900,000 68,854,000 182,012,000 636,886,000 70,029,000 619,419,000 646,593,000 237,129,000 31,157,000 17,024,000 557,774,000 82,759,000 1,493,643,000 -84,280,000 797,214,000 416,072,000 145,000 1,403,090,000 15,138,000 1,092,833,000 1,311,046,000   848,389,000 1,584,000 916,871,000 689,481,000 14,630,000 500,000 196,000 61,480,000 3,087,000 291,914,000 9,201,000 129,903,000 
      repayment of debt
    		-442,070,000 -118,870,000 -1,090,710,000 -81,447,000 -133,997,000 -986,562,000 -419,310,000 -82,129,000 -401,891,000 -1,145,236,000 -343,876,000  -119,211,000 -329,395,000 -65,000,000  -933,085,000 -120,901,000 -445,050,000 -16,227,000 -48,328,000 -62,973,000 -1,459,074,000 -976,565,000 -20,496,000 -589,028,000 -151,309,000 -1,050,628,000 -253,795,000 -24,647,000 -632,391,000 -204,953,000 -67,773,000 -155,014,000 -49,725,000 -635,793,000 -6,358,000 -331,069,000 -207,364,000 -7,807,000 30,117,000 -13,515,000 -428,659,000 -113,116,000 -333,750,000 
      purchase of noncontrolling interests
    		   0 -64,000   0 0 0 -110,000 0 0 0 -170,000 -12,739,000         -15,809,000                     
      payment of deferred financing costs
    		-652,000 -8,733,000 -175,000 -1,194,000 -5,537,000 -23,864,000 -5,283,000 -2,612,000 -11,869,000 -23,329,000 -4,027,000 -1,160,000 -3,538,000 -3,699,000 -427,000 -3,558,000 -5,832,000 -433,000 -17,343,000 -15,000 -5,586,000 -1,963,000 -11,030,000 -453,000 -6,384,000 -3,768,000 -76,000 -9,285,000 -173,000 -14,435,000 -8,100,000 -6,679,000 -167,000 -6,980,000 811,000 -13,808,000 -1,049,000 -314,000 -727,000 -1,113,000 -3,233,000 0 -3,855,000 -9,567,000 -3,202,000 
      issuance of common stock
    		999,478,000 188,286,000 876,463,000 1,114,306,000 358,764,000 414,367,000 77,430,000 0 83,448,000       0 603,188,000 3,175,000 11,075,000    76,217,000   228,108,000 149,631,000 65,651,000 66,840,000 285,327,000    23,618,000 77,334,000 5,050,000 -42,000 299,926,000   0 0   0 
      cash distributions to common stockholders
    		-218,387,000 -216,964,000 -199,025,000                                           
      cash distributions to redeemable op unitholders
    		-1,613,000 -1,624,000 -1,503,000                                           
      cash issued for redemption of op units
    		-408,000 -1,347,000 -337,000 -329,000 0 -1,023,000 -1,064,000 -287,000 -190,000 0 -655,000 -1,159,000    0 -34,000 -37,000 -25,000 -5,000 0 -570,000                        
      contributions from noncontrolling interests
    		0 0 80,000 57,000 66,000 46,000 3,534,000 9,054,000 3,208,000 5,006,000 2,973,000 5,320,000 12,000 20,000 19,000 1,696,000 5,000 25,000 5,000 792,000 191,000 155,000 1,365,000 1,492,000 2,102,000                     
      distributions to noncontrolling interests
    		-5,232,000 -3,343,000 -2,743,000 -8,160,000 -4,173,000 -5,494,000 -4,473,000 -11,162,000 -3,479,000 -14,822,000 -2,566,000 -5,173,000 -19,279,000 -3,890,000 -3,983,000 -1,792,000 -3,197,000 -5,935,000 -2,653,000 -3,373,000 -3,750,000 -2,543,000 -2,300,000 -1,693,000 -2,410,000                     
      proceeds from stock option exercises
    		19,527,000 6,358,000 19,766,000 15,569,000    0 0 0 1,736,000 0 0 2,897,000 5,794,000 2,501,000 847,000 2,715,000 2,106,000 0 129,000 3,389,000 8,396,000                       
      net cash from financing activities
    		366,071,000 156,966,000 -149,136,000 956,201,000 624,446,000 -140,251,000 4,824,000 -165,455,000 9,791,000 -225,978,000 -162,107,000 -158,972,000 -112,010,000 -178,328,000 165,382,000 -258,854,000 286,461,000 -209,006,000 -377,067,000 -674,471,000 -2,094,528,000 1,911,300,000 629,935,000 -717,943,000 503,075,000 -307,872,000 -107,580,000 958,532,000 -345,435,000 629,545,000 500,079,000 -116,401,000 -101,657,000 698,991,000 -69,549,000 -299,947,000 705,551,000 -142,456,000 -204,764,000 -61,071,000 5,529,000 -97,824,000 -127,460,000 -270,425,000 -34,700,000 
      net increase in cash, cash equivalents and restricted cash
    		-432,880,000 427,884,000 -711,736,000 -206,372,000 548,622,000 -71,179,000 126,685,000 70,353,000 282,155,000 14,522,000 24,430,000 -25,616,000   2,609,000 -850,000 -77,318,000 63,764,000 -242,086,000 -401,524,000 -1,858,070,000 2,742,933,000 70,112,000                       
      effect of foreign currency translation
    		-1,326,000 2,910,000 466,000 -2,092,000 1,791,000 -1,946,000 -1,738,000 1,363,000 -756,000 544,000 106,000 723,000 -2,600,000 -1,233,000 241,000 925,000 -928,000 792,000 658,000 878,000 947,000 -2,776,000 188,000                       
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 957,233,000  0 0 563,462,000  0 0 170,745,000  0 0 196,597,000  0 0 451,640,000 0 0 146,102,000 0                       
      cash, cash equivalents and restricted cash at end of period
    		-434,206,000 430,794,000 245,963,000  550,413,000 -73,125,000 688,409,000  281,399,000 15,066,000 195,281,000  19,607,000 -23,416,000 199,447,000  -78,246,000 64,556,000 210,212,000 -400,646,000 -1,857,123,000 2,886,259,000 70,300,000                       
      income tax benefit
    		 749,000 -13,781,000    -4,696,000 3,961,000 -3,417,000 -11,514,000 -4,299,000         -4,575,000 55,146,000 -150,273,000 946,000 -57,050,000 -4,145,000 -12,287,000 -9,156,000              -367,000 -410,000 -395,000 -547,000 -1,720,000 
      income from unconsolidated entities
    		 1,138,000 3,311,000    8,383,000        4,269,000    250,000 -865,000 5,858,000 10,876,000 -854,000    198,000          83,000 170,000        
      decrease (increase) in other assets
    		 15,369,000 36,154,000                             4,967,000 6,241,000             
      increase in accrued interest payable
    		 22,621,000 -36,514,000                                           
      decrease in accounts payable and other liabilities
    		 42,308,000 -50,882,000   42,000 -11,533,000            -4,390,000      -24,271,000 8,082,000 -54,237,000  6,097,000 -23,600,000 21,256,000 -7,791,000 -38,070,000 35,277,000 5,921,000 -61,868,000   523,000 -5,514,000   3,940,000 -5,381,000  
      net change in borrowings under commercial paper program
    		  242,969,000     0 -134,940,000 -289,578,000 22,164,000 25,348,000 41,882,000 -301,490,000 356,674,000 -90,014,000 199,959,000 -44,994,000 214,978,000 0 0 -565,524,000 34,698,000                       
      (reversal of) allowance on loans receivable and investments
    		                                             
      gain on extinguishment of debt
    		   15,000 0                         21,000 2,414,000 2,924,000 -259,000        0 0 5,922,000 158,000  
      gain on foreclosure of real estate
    		       0 0                                     
      proceeds from sale of interest in unconsolidated entities
    		       0 0                                     
      net cash assumed in foreclosure of real estate
    		       0 0                                     
      cash distribution to common stockholders
    		   -188,957,000 -186,206,000 -182,309,000 -182,854,000 -181,323,000 -180,533,000 -180,281,000 -181,422,000 -180,114,000 -180,107,000 -180,077,000 -180,021,000 -179,916,000 -169,134,000 -169,075,000 -168,763,000 -168,078,000 -295,981,000 -296,304,000 -294,647,000 -291,774,000 -275,368,000 -247,975,000 -245,496,000 -243,171,000 -261,494,000 -254,910,000 -213,462,000 -213,479,000 -213,473,000 -196,540,000 -196,530,000 -195,700,000 -108,211,000 -93,738,000 -83,948,000 -83,881,000 -80,313,000 -80,271,000 -80,269,000 -73,546,000 -73,468,000 
      cash distribution to redeemable op unitholders
    		   -1,923,000 -1,485,000 -1,505,000 -1,555,000 -1,549,000 -1,553,000 -1,550,000 -1,539,000 -1,560,000 -1,660,000 -1,538,000 -1,534,000 -1,361,000 -2,236,000 -1,322,000 -1,842,000 -1,326,000 -2,303,000 -2,325,000 -2,331,000 -2,658,000 -1,893,000 -2,114,000 -2,323,000 -8,079,000 -2,332,000 -2,365,000 -1,452,000 -1,360,000 -1,402,000 -1,166,000 -1,162,000 -1,151,000          
      cash, cash equivalents and restricted cash at beginning of year
    		                                             
      cash, cash equivalents and restricted cash at end of year
    		                                             
      income tax expense
    		    1,157,000            2,146,000 2,007,000 503,000            -1,987,000 2,974,000 3,433,000   1,744,000   409,000 286,000      
      gain from unconsolidated entities
    		    -4,629,000                                         
      increase in accrued interest
    		    -8,696,000 -815,000 6,096,000 -2,523,000                  13,542,000 -14,311,000 -9,770,000 316,000 15,792,000 12,461,000 -4,379,000 6,753,000 11,309,000 -7,215,000 10,530,000 -11,245,000 15,253,000  17,799,000 -17,507,000   20,190,000 -24,324,000 
      allowance on loans receivable and investments
    		     -42,000 -68,000 -75,000 -66,000 -12,065,000 -8,064,000 19,936,000 -63,000 -62,000 -54,000 -61,000 -60,000 -59,000 -8,902,000 4,999,000                          
      (gain) loss on extinguishment of debt
    		       85,000 612,000                         -189,000            
      gain on real estate loan investments
    		               558,000 -1,932,000 0 -74,000 0 0 -167,000                        
      gain and other from unconsolidated entities
    		                                             
      (gain) loss and other from unconsolidated entities
    		        5,106,000                                     
      decrease in accrued interest
    		         13,482,000 -17,006,000  -10,764,000 11,193,000 -13,201,000    -20,234,000   -23,032,000   -4,741,000                     
      loss and other from unconsolidated entities
    		          5,623,000                                   
      income and other from unconsolidated entities
    		                                             
      repayments of debt
    		                                             
      loss (income) and other from unconsolidated entities
    		                                             
      loss (income) from unconsolidated entities
    		                           955,000 -9,000 251,000    -111,000 506,000 312,000          
      net decrease in cash, cash equivalents and restricted cash
    		                                             
      gain on re-measurement of equity interest upon acquisition
    		                        -3,027,000         0 0 -1,241,000          
      investment in loans receivable and other
    		                        -701,358,000 -6,236,000 -146,214,000 -18,727,000 -16,086,000 -39,573,000 -21,948,000 -43,296,000 -1,192,000 -2,385,000            
      investment in unconsolidated operating entity
    		                        -14,850,000                     
      net change in borrowings under credit facility
    		                        22,822,000 -113,136,000 137,440,000 -469,072,000 131,563,000 -452,897,000                
      net decrease in cash and cash equivalents
    		                        -195,259,000      -26,388,000 27,797,000 -35,586,000             
      effect of foreign currency translation on cash and cash equivalents
    		                        -164,000 -275,000 118,000 -336,000 404,000 -307,000 4,348,000 -953,000 561,000 30,000 -40,000 -49,000 8,000 93,000 -895,000 847,000 5,000 266,000 255,000 -116,000 1,002,000 
      cash and cash equivalents at beginning of period
    		                        286,707,000 0 53,023,000 0 0 55,348,000 0 0 94,816,000 0 0 67,908,000 0 21,812,000 0 107,397,000  0 0 176,812,000  
      cash and cash equivalents at end of period
    		                        91,284,000 5,621,000 51,701,000 4,699,000 -59,693,000 120,225,000 -22,040,000 26,844,000 59,791,000 -7,749,000 4,731,000 57,690,000 -15,197,000 41,899,000 -104,935,000 132,729,000  24,366,000 -49,283,000 95,806,000  
      gain on sale of marketable debt securities
    		                                 0            
      proceeds from sale or maturity of marketable securities
    		                           19,575,000      0            
      funds held in escrow for future development expenditures
    		                           0 0 4,003,000 0 0 2,602,000 3,373,000 6,376,000 5,440,000          
      purchase of noncontrolling interest
    		                           -3,000 -1,156,000 -2,660,000 0   -1,771,000 -2,938,000 -3,186,000 0 -3,319,000        
      purchases of redeemable op units
    		                           0 -32,619,000 -569,000    -109,000 -100,000 -108,000          
      contributions from noncontrolling interest
    		                                 0     368,000 265,000 576,000 329,000    
      distributions to noncontrolling interest
    		                         -1,839,000 -1,743,000 -1,783,000 -7,645,000 -1,822,000 -1,852,000 -2,671,000 -2,237,000 -2,569,000 -3,595,000 -1,450,000 -267,000 -349,000 -2,288,000 -1,989,000 -2,373,000 -2,472,000    
      net increase in cash and cash equivalents
    		                         5,896,000 -1,440,000 5,035,000 -60,097,000 65,184,000    -7,779,000 4,771,000 -10,169,000 -15,205,000 19,994,000  24,485,000 36,503,000 24,100,000 -49,538,000 -80,890,000 59,887,000 
      gain on sale of marketable securities
    		                           0         0 -733,000        
      purchase of marketable securities
    		                              0               
      net cash impact of ccp spin-off
    		                                             
      proceeds from debt related to ccp spin-off
    		                                             
      decrease in other assets
    		                             4,615,000             -262,000 1,688,000  
      net change in borrowings under credit facilities
    		                              46,267,000 -381,705,000 181,754,000             
      purchase of marketable debt securities
    		                                -25,000,000            0 
      (gain) loss on real estate loan investments
    		                                 -2,499,000 -759,000 -340,000          
      net change in borrowings under revolving credit facility
    		                                 188,340,000 94,990,000 -375,916,000          
      income tax
    		                                             
      change in fair value of financial instruments
    		                                   25,000          
      net gain on sale of real estate assets
    		                                      -5,041,000 -184,000  -120,000 -39,020,000 -27,871,000  
      proceeds from sale of marketable securities
    		                                    0 23,050,000        
      supplemental schedule of non-cash activities:
    		                                             
      assets and liabilities assumed from acquisitions:
    		                                             
      real estate investments
    		                                      0 496,000 59,326,000 148,000 0 8,307,000 -4,611,000 
      other assets acquired
    		                                      0 -355,000      
      debt assumed
    		                                            0 
      other liabilities
    		                                      0 141,000 1,948,000 0 0 -1,886,000 -3,234,000 
      deferred income tax liability
    		                                             
      redeemable op unitholder interests
    		                                             
      noncontrolling interests
    		                                             
      equity issued
    		                                             
      other amortization expenses
    		                                    930,000 2,436,000 2,213,000 2,154,000 2,058,000 1,921,000 1,766,000 608,000 -569,000 
      capital lease non-cash interest
    		                                             
      change in fair value of interest rate swaps
    		                                             
      deferred taxes
    		                                             
      gain on sale of real estate loan investments
    		                                     -177,000        
      reversal of contingent liability
    		                                            0 
      benefit from loan losses
    		                                            0 
      proceeds from sale of investments
    		                                             
      contributions to unconsolidated entities
    		                                             
      cash and cash equivalents at beginning of year
    		                                             
      cash and cash equivalents at end of year
    		                                             
      supplemental disclosure of cash flow information:
    		                                             
      interest paid including swap payments and receipts
    		                                             
      utilization of escrow funds held for an internal revenue code section 1031 exchange
    		                                             
      noncontrolling interest
    		                                        1,677,000 67,000 0 980,000  
      debt transferred on the sale of assets
    		                                             
      gain on sale of assets
    		                                             
      net gain on sale of marketable equity securities
    		                                             
      loss on bridge financing
    		                                             
      proceeds from sale of securities
    		                                             
      issuance of bridge financing
    		                                             
      repayment of bridge financing
    		                                             
      debt and preferred stock issuance costs
    		                                             
      cash distribution to preferred stockholders
    		                                             
      other assets
    		                                         -81,000 0 -9,213,000  
      escrow funds returned from an internal revenue code section 1031 exchange
    		                                             
      purchase of marketable equity securities
    		                                             
      minority interest
    		                                            436,000 
      gain on sale of real estate assets
    		                                             
    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.