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Consolidated and Combined Statements of Cash Flows (USD $)
In Thousands
6 Months Ended3 Months Ended9 Months Ended
Sep. 30, 2011
Apr. 19, 2011
STAG Predecessor Group
Sep. 30, 2010
STAG Predecessor Group
Cash flows from operating activities:   
Net loss$ (6,471)$ (229)$ (3,988)
Adjustment to reconcile net loss to net cash provided by operating activities:   
Depreciation and amortization14,7782,4598,458
Amortization of deferred financing costs5383189
Intangible amortization in rental income1,714(2)86
Tenant straight line receivable, net(821)(16) 
(Gain) loss on interest rate swaps(1,270)(762)1,029
Stock-based compensation expense376  
Change in assets and liabilities:   
Tenant accounts receivable, net(126)88(346)
Leasing commissions, net(819)(24)(134)
Restricted cash(551)  
Prepaid expenses and other assets(56)(87)39
Accounts payable, accrued expenses and other liabilities1,902106(522)
Tenant prepaid rent and security deposits1,217169(738)
Due to related parties557672,922
Due from related parties91(141)28
Total adjustments17,0282,58810,911
Net cash provided by operating activities10,5572,3596,923
Cash flows from investing activities:   
Additions of land and building improvements(49,340)(39)(1,258)
Restricted cash(1,834)(542)(302)
Cash paid for contributed assets, net(425)  
Cash paid for deal deposits, net(2,159)  
Additions to lease intangibles(18,266)  
Net cash used in investing activities(72,024)(581)(1,560)
Cash flows from financing activities:   
Proceeds from issuance of common stock, net205,563  
Offering costs related to issuance of common stock(17,042)  
Redemption of initial capitalization of STAG Industrial, Inc. shares(2)  
Proceeds from notes payable to related parties 789 
Repayment of notes payable to related parties(10,366)  
Proceeds from secured corporate credit facility28,500  
Repayment of secured corporate credit facility(11,000)  
Proceeds from mortgage notes payable40,438 (3,417)
Repayment of mortgage notes payable(154,119)(1,180) 
Termination of interest rate swap contracts(894)  
Payment of deferred financing fees(3,029)  
Dividends and distributions(4,871)(2,679)(3,062)
Net cash provided by (used in) financing activities73,178(3,070)(6,479)
Increase (decrease) in cash and cash equivalents11,711(1,292)(1,116)
Cash and cash equivalents-beginning of period2771,5672,773
Cash and cash equivalents-end of period$ 11,988$ 275$ 1,657