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Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net (loss) income $ (7,321) $ 9,557
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,350 8,246
Non-cash interest income adjustments 70 5
Amortization of deferred financing costs 945 766
Stock-based compensation expense 2,513 2,474
Amortization of premium (33) (199)
Loss on extinguishment of debt 1,338 0
Straight-line rental income adjustments (4,186) (3,683)
Write-off of straight-line rental income 99 0
Change in fair value of contingent consideration (300) (500)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,152) (513)
Accounts payable and accrued liabilities 2,086 6,513
Restricted cash (1,202) (1,063)
Net cash provided by operating activities 1,207 21,603
Cash flows from investing activities:    
Acquisitions of real estate (108,650) 0
Origination of loans receivable (19,428) (12,873)
Preferred equity investment (5) (4,646)
Additions to real estate (56) 0
Net proceeds from the sale of real estate 0 2,208
Net cash used in investing activities (128,139) (15,311)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes 350,000 0
Principal payments on senior unsecured notes (211,250) 0
Proceeds from secured revolving credit facility 50,000 0
Payments on secured revolving credit facility (23,500) (92,500)
Proceeds from mortgage notes 46,103 0
Principal payments on mortgage notes payable (57,325) (989)
Payments of deferred financing costs (9,873) (72)
Issuance of preferred stock 0 138,983
Issuance of common stock (648) (2,534)
Dividends paid (16,597) (12,716)
Net cash provided by (used in) financing activities 126,910 30,172
Net decrease in cash and cash equivalents (22) 36,464
Cash and cash equivalents, beginning of period 4,308 17,101
Cash and cash equivalents, end of period 4,286 53,565
Supplemental disclosure of cash flow information:    
Interest paid $ 7,219 $ 3,064