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Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Cash flows from operating activities: 
Net income$ 5,678
Adjustments to reconcile net income to net cash provided by operating activities: 
Depreciation and amortization19,227
Amortization of deferred financing costs1,507
Stock-based compensation expense3,249
Amortization of premium on notes payable(11)
Straight-line rental income adjustments(720)
Changes in operating assets and liabilities: 
Prepaid expenses and other assets556
Accounts payable and accrued liabilities7,860
Restricted cash(2,837)
Net cash provided by operating activities34,509
Cash flows from investing activities: 
Acquisitions of real estate(187,700)
Acquisition of note receivable(5,348)
Additions to real estate(86)
Net cash used in investing activities(193,134)
Cash flows from financing activities: 
Principal payments on mortgage notes payable(2,249)
Payments of deferred financing costs(495)
Issuance of common stock163,431
Dividends paid(19,878)
Net cash used in financing activities140,809
Net decrease in cash and cash equivalents(17,816)
Cash and Cash Equivalents, beginning of period74,233
Cash and Cash Equivalents, end of period56,417
Supplemental disclosure of cash flow information: 
Interest paid$ 17,024