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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income (loss) $ 5,424 $ (448)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 16,010 8,240
Amortization of deferred financing costs 448 293
Amortization of lease inducements and above/below market lease intangibles 962 302
Straight-line rental revenue/expense (3,185) (2,012)
Amortization of above market assumed debt (59) (10)
Loss on sale of investment property 0 15
Equity in income of unconsolidated entity (32) (26)
Distribution from unconsolidated entity 27 26
Change in fair value of derivative (40) (13)
Provision for bad debts 30 0
Non-cash share compensation 1,185 867
Change in operating assets and liabilities:    
Tenant receivables (3,665) (1,022)
Other assets (1,995) (580)
Accounts payable 1,015 (252)
Accrued expenses and other liabilities 4,023 4,345
Net cash provided by operating activities 20,148 9,725
Cash Flows from Investing Activities:    
Proceeds on sales of investment properties 0 1,550
Acquisition of investment properties, net (197,876) (205,278)
Capital expenditures on existing investment properties (1,820) (1,028)
Real estate loans receivable (500) (4,123)
Repayment of real estate loan receivable (4,500) 0
Leasing commissions (58) (35)
Lease inducements (1,284) (462)
Net cash used in investing activities (197,038) (209,376)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 321,238 301,772
Proceeds from credit facility borrowings 150,000 73,000
Payment on credit facility borrowings (424,000) (138,000)
Proceeds from Issuance of Secured Debt 21,500 0
Proceeds from Issuance of Unsecured Debt 150,000 0
Repayments of Secured Debt 541 466
Debt issuance costs (808) (24)
Dividends paid - shareholders (19,666) (15,792)
Distributions to noncontrolling interest - Operating Partnership (809) (714)
Preferred distributions paid - OP Unit holder (204) 0
Distributions to noncontrolling interest - partially owned properties (57) (69)
Purchase of OP Units 0 (205)
Net cash provided by financing activities 196,653 219,502
Net increase in cash and cash equivalents 19,763 19,851
Cash and cash equivalents, beginning of period 3,143 15,923
Cash and cash equivalents, end of period 22,906 35,774
Supplemental disclosure of cash flow information - interest paid during the period 2,181 1,402
Supplemental disclosure of noncash activity - assumed debt 0 6,323
Issuance of OP Units in connection with acquisition 2,869 17,017
Supplemental disclosure of noncash activity - contingent consideration $ 0 $ 1,482