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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities    
Net loss $ (17,221) $ (3,191)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 67,106 44,457
Amortization of non-cash items within interest expense 14,593 2,733
Amortization of acquired above- and below-market leases, net (1,784) (654)
Amortization of acquired below-market ground leases 1,958 1,958
Straight-lining of rental revenue (2,595) (6,347)
Equity based compensation 4,460 4,734
Loss on early extinguishment of debt 0 214
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (478) (2,550)
Tenant and other receivables 847 4,792
Deferred leasing costs (14,525) (3,243)
Prepaid expenses and other assets 27,018 26,755
Accounts payable and accrued expenses (12,661) (3,302)
Deferred revenue and other liabilities 975 7,044
Net cash provided by operating activities 67,693 73,400
Cash Flows From Investing Activities    
Development costs (31) (98)
Additions to building and improvements (34,945) (20,714)
Net cash used in investing activities (34,976) (20,812)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (2,092) (1,008)
Deferred financing costs 0 (7,539)
Contributions to consolidated joint ventures 224 0
Repurchases of common shares (12,001) (3,533)
Private perpetual preferred unit distributions (1,050) (1,050)
Dividends paid to common stockholders (5,948) 0
Distributions paid to non-controlling interests in the operating partnership (3,821) 0
Net cash used in financing activities (24,688) (13,130)
Net increase in cash and cash equivalents and restricted cash 8,029 39,458
Cash and cash equivalents and restricted cash—beginning of period 474,638 567,939
Cash and cash equivalents and restricted cash—end of period 482,667 607,397
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 423,695 526,714
Restricted cash at beginning of period 50,943 41,225
Cash and cash equivalents at end of period 429,716 567,102
Restricted cash at end of period 52,951 40,295
Cash and cash equivalents and restricted cash 482,667 607,397
Supplemental disclosures of cash flow information:    
Cash paid for interest 19,655 19,239
Cash paid for income taxes 93 13
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 57,072 60,536
Write-off of fully depreciated assets 4,744 4,853
Derivative instruments at fair values included in prepaid expenses and other assets 45 0
Derivative instruments at fair values included in accounts payable and accrued expenses 13,290 7,450
Conversion of operating partnership units and Class B shares to Class A shares 1,497 2,662
Issuance of Series 2019 private perpetual preferred in exchange for common shares 0 0
Right of use assets 0 0
Ground lease liabilities $ 0 $ 0