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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 15,532 $ 10,057
Adjustments to reconcile net income to net cash provided by operating activities    
Straight-line rents (737) (1,047)
Amortization of lease intangibles (870) (877)
Depreciation and amortization 10,415 10,735
Gain on sales of real estate investments (4,465) (3,283)
Deferred financing cost amortization 388 347
Deferred senior secured loan fee amortization (404) 0
Stock-based compensation 2,500 2,042
Changes in assets and liabilities    
Other assets (2,366) (570)
Accounts payable and other liabilities (216) (2,713)
Net cash provided by operating activities 19,777 14,691
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property acquisitions (25,753) (85,402)
Proceeds from sales of real estate investments, net 11,980 19,841
Additions to construction in progress (5,533) (548)
Additions to buildings, improvements and leasing costs (8,375) (5,740)
Net cash used in investing activities (27,681) (71,849)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 75,081 2,075
Issuance costs on issuance of common stock (1,301) (30)
Repurchase of common stock (3,959) (3,870)
Borrowings on credit facility 17,000 40,350
Payments on credit facility (36,000) 0
Payments on mortgage loans payable (373) (470)
Payment of deferred financing costs 0 (10)
Dividends paid to common stockholders (14,643) (12,181)
Net cash provided by financing activities 35,805 25,864
Net increase (decrease) in cash and cash equivalents and restricted cash 27,901 (31,294)
Cash and cash equivalents and restricted cash at beginning of period 34,479 42,800
Cash and cash equivalents and restricted cash at end of period 62,380 11,506
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest, net of capitalized interest 6,630 6,398
Supplemental disclosures of non-cash transactions    
Accounts payable related to capital improvements 11,120 6,244
Non-cash repayment of senior secured loan (39,085) 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 825  
Reconciliation of cash paid for property acquisitions    
Acquisition of properties 29,092 87,851
Assumption of other assets and liabilities (3,339) (2,449)
Net cash paid for property acquisitions $ 25,753 $ 85,402