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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 49,960 $ 45,997 $ 27,795
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 32,348 26,886 19,180
Net amortization of debt premium and deferred financing fees 1,332 1,045 2,283
Straight line rental income (3,553) (1,729) 5
Amortization of acquired real estate leases 19,507 13,071 4,627
Amortization of deferred leasing costs 1,122 630 465
Other non-cash expenses 1,598 763 742
Loss on asset impairment 494    
Loss on extinguishment of debt     3,786
Equity in (earnings) losses of an investee (316) (139) 1
Change in assets and liabilities:      
Restricted cash 183 (188) (1,548)
Deferred leasing costs (5,183) (2,702) (137)
Rents receivable 3,454 (8,071) (5,661)
Due from related persons     103
Decrease in other assets 257 (1,708) (1,361)
Accounts payable and accrued expenses (940) 3,909 4,433
Due to related persons 45 2,723 511
Cash provided by operating activities 100,308 80,487 55,224
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions and deposits (213,626) (387,491) (384,375)
Real estate improvements (18,841) (3,060) (6,317)
Investment in Affiliates Insurance Company     (76)
Cash used in investing activities (232,467) (390,551) (390,768)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common shares, net 166,718 157,870 418,930
Repayment of mortgage notes payable (1,793) (1,005) (571)
Borrowings on unsecured revolving credit facility 230,500 472,500 335,000
Repayments on unsecured revolving credit facility (526,500) (245,000) (361,375)
Proceeds from unsecured term loan 350,000    
Financing fees (1,964) (3,074) (4,962)
Distributions to common shareholders (82,819) (70,392) (50,519)
Cash provided by financing activities 134,142 310,899 336,503
Increase in cash and cash equivalents 1,983 835 959
Cash and cash equivalents at beginning of year 3,272 2,437 1,478
Cash and cash equivalents at end of year 5,255 3,272 2,437
Supplemental cash flow information      
Interest paid 15,469 10,309 4,333
Income taxes paid 117 72 145
Non-cash investing activities      
Real estate acquisitions funded with the assumption of mortgage debt   (49,395) (44,951)
Non-cash financing activities      
Assumption of mortgage debt   49,395 44,951
Issuance of common shares $ (1,902) $ (721) $ (546)