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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income (loss) $ 41,592 $ (8,963)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 172,394 155,339
Gain on disposition of property (27,170) 0
Amortization of non-cash items within interest expense 7,514 7,978
Amortization of acquired above- and below-market leases, net (4,136) (5,615)
Amortization of acquired below-market ground leases 5,873 5,873
Straight-lining of rental revenue (18,533) (13,197)
Equity based compensation 15,599 15,416
Loss on early extinguishment of debt 0 214
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (1,198) (4,366)
Tenant and other receivables (11,707) (123)
Deferred leasing costs (31,983) (12,324)
Prepaid expenses and other assets 23,630 18,660
Accounts payable and accrued expenses 2,511 (1,285)
Deferred revenue and other liabilities (401) 9,420
Net cash provided by operating activities 173,985 167,027
Cash Flows From Investing Activities    
Development costs (31) (41)
Additions to building and improvements (89,085) (70,719)
Net cash used in investing activities (89,116) (70,760)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (5,163) (3,053)
Deferred financing costs 0 (7,559)
Contributions from consolidated joint ventures 224 0
Repurchases of common shares (82,545) (10,043)
Private perpetual preferred unit distributions (3,151) (3,151)
Dividends paid to common stockholders (17,444) (12,124)
Distributions paid to non-controlling interests in the operating partnership (11,613) (7,309)
Net cash used in financing activities (119,692) (43,239)
Net increase (decrease) in cash and cash equivalents and restricted cash (34,823) 53,028
Cash and cash equivalents and restricted cash—beginning of period 474,638 567,939
Cash and cash equivalents and restricted cash—end of period 439,815 620,967
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 387,248 582,188
Restricted cash at end of period 52,567 38,779
Cash and cash equivalents and restricted cash 439,815 620,967
Supplemental disclosures of cash flow information:    
Cash paid for interest 67,673 58,208
Cash paid for income taxes 188 472
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 55,320 53,956
Write-off of fully depreciated assets 55,585 10,798
Derivative instruments at fair values included in prepaid expenses and other assets 18,457 0
Derivative instruments at fair values included in accounts payable and accrued expenses 0 4,887
Conversion of operating partnership units and Class B shares to Class A shares 2,384 7,766
Disposal of land in connection with foreclosure 1,680 0
Extinguishment of debt in connection with property disposition $ 30,000 $ 0