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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (9,014) $ (8,486)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 3,370 2,975
Amortization of deferred financing costs 140 157
Amortization of restricted stock and restricted stock units 899 738
Equity in loss of unconsolidated joint ventures 3,202 4,286
Increases and decreases from changes in other assets and liabilities:    
Decrease (increase) in other assets (457) (2,404)
Increase in accounts payable and accrued liabilities 657 4,772
Net cash (used in) provided by operating activities (1,203) 2,038
Cash flows from investing activities:    
Collections from real estate loan 150 300
Improvements to real estate properties (441) (861)
Distributions from unconsolidated joint ventures 6,801 8,523
Contributions to unconsolidated joint ventures (13,700) (24,348)
Net cash used in investing activities (7,190) (16,386)
Cash flows from financing activities:    
Mortgage principal payments (1,505) (1,528)
Proceeds from credit facility 5,000 9,000
Repayment of credit facility (5,000) 0
Increase in deferred financing costs 0 (83)
Dividends paid (7,556) (6,361)
Distributions to non-controlling interests (89) (86)
Proceeds from the sale of common stock 12,077 0
Repurchase of shares of common stock (616) (46)
Net cash provided by financing activities 2,311 896
Net decrease in cash, cash equivalents and restricted cash (6,082) (13,452)
Cash, cash equivalents and restricted cash at beginning of period 32,418 31,719
Cash, cash equivalents and restricted cash at end of period 26,336 18,267
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 3,552 3,789
Cash paid for income taxes 30 44
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.    
Total cash, cash equivalents and restricted cash, shown in consolidated statement of cash flows $ 26,336 $ 18,267