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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (3,486) $ (9,499)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 22,122 22,862
Amortization of above and below-market leases and lease inducements, net (1,542) (1,591)
Amortization of debt premiums, discounts and financing costs, net 467 417
Straight-line rent adjustment, net (378) (1,126)
Provision for asset impairment 9,002 0
Gain on sale of investment properties (457) 0
Equity in earnings of unconsolidated entities (789) (459)
Distributions from unconsolidated entities 2,299 1,841
Stock-based compensation, net 528 845
Provision for indemnification claims 0 13,500
Changes in operating assets and liabilities:    
Accounts and rents receivable, net 5,023 2,675
Deferred costs and other assets (3,627) (3,958)
Accounts payable and accrued expenses (9,375) (4,553)
Other liabilities (2,889) 524
Net cash provided by operating activities 16,898 21,478
Cash flows from investing activities:    
Purchase of investment properties (30,309) (78,987)
Acquired in-place and market lease intangibles, net (2,068) (6,413)
Capital expenditures and tenant improvements (4,169) (5,965)
Investment in development and re-development projects (910) (1,909)
Proceeds from sale of investment properties, net 650 0
Lease commissions and other leasing costs (1,010) (568)
Other assets (250)  
Other assets   270
Other assets (433) (417)
Net cash used in investing activities (38,499) (93,989)
Cash flows from financing activities:    
Proceeds from distribution reinvestment plan 49 0
Distributions to shareholders (13,252) (13,029)
Proceeds from debt 150,000 0
Payoffs of debt (41,000) 0
Principal payments of mortgage debt (457) (514)
Payment of finance lease liabilities (100) (117)
Payment of loan fees and deposits (25) (134)
Net cash provided by (used in) financing activities 95,215 (13,794)
Net increase (decrease) in cash, cash equivalents, and restricted cash 73,614 (86,305)
Cash, cash equivalents, and restricted cash at the beginning of the period 260,748 264,853
Cash, cash equivalents, and restricted cash at the end of the period 334,362 178,548
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:    
Cash, cash equivalents, and restricted cash at the end of the period 334,362 178,548
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest of $5 and $0, respectively 4,567 5,164
Cash refunded (paid) for income taxes, net 5 (11)
Distributions payable to shareholders 13,678 13,405
Accrued investment in re-development projects 403 784
Accrued lease commissions and other leasing costs 268 351
Capitalized costs placed in service 4,312 5,686
Accrued tenant building construction 0 7,100
Reclassification of registration statement costs incurred to equity issuance costs 278 0
Purchase of investment properties:    
Net investment properties 30,515 79,433
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 3,770 8,530
Accounts payable and accrued expenses, lease intangibles, and other liabilities (1,908) (2,563)
Cash outflow for purchase of investment properties, net 32,377 85,400
Capitalized acquisition costs (63) (608)
Credits and other changes in cash outflow, net 890 1,958
Gross acquisition price of investment properties 33,204 86,750
Sale of investment properties:    
Net investment properties 193 0
Gain on sale of investment properties, net 457 0
Proceeds from sale of investment properties, net 650 0
Gross disposition price of investment properties $ 650 $ 0