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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income $ 31,474 $ 1,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 125,410 89,545
Gain on disposition of property (27,170) 0
Amortization of non-cash items within interest expense 5,169 5,398
Amortization of acquired above- and below-market leases, net (3,459) (1,371)
Amortization of acquired below-market ground leases 3,916 3,916
Straight-lining of rental revenue (11,192) (10,110)
Equity based compensation 10,225 10,038
Loss on early extinguishment of debt 0 214
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits 866 (4,523)
Tenant and other receivables (24,831) 2,303
Deferred leasing costs (21,826) (8,372)
Prepaid expenses and other assets (1,242) 5,783
Accounts payable and accrued expenses (2,235) (5,232)
Deferred revenue and other liabilities (1,427) (5,080)
Net cash provided by operating activities 83,678 83,729
Cash Flows From Investing Activities    
Development costs (31) (98)
Additions to building and improvements (56,614) (48,347)
Net cash used in investing activities (56,645) (48,445)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (3,119) (2,026)
Deferred financing costs 0 (7,539)
Contributions from consolidated joint ventures 224 0
Repurchases of common shares (64,440) (3,533)
Private perpetual preferred unit distributions (2,101) (2,101)
Dividends paid to common stockholders (11,750) (6,063)
Distributions paid to non-controlling interests in the operating partnership (7,726) (3,391)
Net cash used in financing activities (88,912) (24,653)
Net increase in cash and cash equivalents and restricted cash (61,879) 10,631
Cash and cash equivalents and restricted cash—beginning of period 474,638 567,939
Cash and cash equivalents and restricted cash—end of period 412,759 578,570
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents 359,424 540,604
Restricted cash 53,335 37,966
Cash and cash equivalents and restricted cash 412,759 578,570
Supplemental disclosures of cash flow information:    
Cash paid for interest 40,199 38,639
Cash paid for income taxes 268 299
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 67,815 52,891
Write-off of fully depreciated assets 38,518 8,729
Derivative instruments at fair values included in prepaid expenses and other assets 4,082 0
Derivative instruments at fair values included in accounts payable and accrued expenses 19,695 6,176
Conversion of operating partnership units and Class B shares to Class A shares 2,345 6,835
Disposal of land in connection with foreclosure 1,680 0
Extinguishment of debt in connection with property disposition $ 30,000