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Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 20,716 $ 15,554
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,726 22,356
Non-cash interest income adjustments 29 18
Amortization of deferred financing costs 2,395 1,917
Stock-based compensation expense 5,209 5,749
Amortization of premium (535) (151)
Loss on extinguishment of debt 858 703
Straight-line rental income adjustments (10,836) (2,857)
Change in fair value of contingent consideration 600 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,494) 116
Accounts payable and accrued liabilities 10,413 7,211
Restricted cash (2,870) (2,714)
Net cash provided by operating activities 49,211 47,902
Cash flows from investing activities:    
Acquisitions of real estate (6,175) (98,050)
Origination of loans receivable (26,393) (22,111)
Preferred equity investment (6,624) 0
Additions to real estate (388) (1,039)
Net proceeds from the sale of real estate 2,208 0
Net cash used in investing activities (37,372) (121,200)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes 200,000 106,000
Principal payments on senior unsecured notes (113,750) 0
Proceeds from secured revolving credit facility 0 42,500
Payments on secured revolving credit facility (92,500) (42,500)
Proceeds from mortgage notes 0 35,829
Principal payments on mortgage notes payable (10,081) (36,701)
Payments of deferred financing costs (8,598) (7,045)
Proceeds from Issuance of Preferred Stock 138,257 0
Issuance of common stock (2,950) 144
Dividends paid (42,677) (36,702)
Net cash provided by (used in) financing activities 67,701 61,525
Net decrease in cash and cash equivalents 79,540 (11,773)
Cash and cash equivalents, beginning of period 17,101 42,250
Cash and cash equivalents, end of period 96,641 30,477
Supplemental disclosure of cash flow information:    
Interest paid $ 21,937 $ 17,116