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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net income $ 5,424,000 $ (448,000)               $ 31,522,000 $ 12,741,000 $ (4,418,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities                        
Depreciation and amortization                   86,589,000 45,471,000 16,731,000
Amortization of deferred financing costs                   2,325,000 1,373,000 1,097,000
Amortization of lease inducements and above/below market lease intangibles                   3,906,000 2,577,000 571,000
Straight-line rental revenue/expense                   (16,226,000) (9,000,000) (4,366,000)
Amortization of above market assumed debt                   (236,000) (173,000) 0
Gain on sale of investment properties     $ 0             0 (130,000) (32,000)
Equity in income of unconsolidated entities                   (115,000) (104,000) (95,000)
Distribution from unconsolidated entities                   82,000 106,000 71,000
Change in fair value of derivatives                   (240,000) (166,000) (161,000)
Provision for bad debts                   2,310,000 69,000 9,000
Non-cash share compensation                   4,894,000 3,798,000 2,422,000
Ziegler shared service amendment payment                   0 0 1,800,000
Write-off of contingent consideration                   (840,000) 0 0
Impairment loss                   0 0 1,750,000
Change in operating assets and liabilities:                        
Tenant receivables                   (10,058,000) (2,836,000) (986,000)
Other assets                   (20,387,000) (630,000) (3,518,000)
Accounts payable, trade                   3,779,000 (56,000) (136,000)
Accrued expenses and other liabilities                   37,474,000 8,312,000 2,556,000
Net cash provided by operating activities                   124,779,000 61,352,000 13,295,000
Cash Flows from Investing Activities:                        
Proceeds on sales of investment properties                   0 3,039,000 235,000
Acquisition of investment properties, net                   (1,245,128,000) (752,807,000) (501,127,000)
Capital expenditures on existing investment properties                   (11,304,000) (4,988,000) (900,000)
Payments for real estate loans receivable                   (10,207,000) (22,359,000) (15,386,000)
Pay down of contingent consideration                   0 (999,000) 0
Repayment of real estate loan receivable                   (11,336,000) 0 0
Note receivable                   0 (20,545,000) 0
Repayment of note receivable                   4,118,000 0 0
Leasing commissions                   (1,034,000) (579,000) (100,000)
Lease inducements                   (8,957,000) (2,478,000) (1,532,000)
Net cash used in investing activities                   (1,261,176,000) (801,716,000) (518,810,000)
Cash Flows from Financing Activities:                        
Net proceeds from sale of common shares                   766,841,000 545,117,000 350,384,000
Proceeds from credit facility borrowings                   1,181,000,000 620,000,000 395,200,000
Payment on credit facility borrowings                   (925,000,000) (363,000,000) (257,200,000)
Proceeds from issuance of mortgage debt                   39,500,000 0 26,550,000
Proceeds from issuance of senior unsecured notes                   225,000,000 0 0
Principal payments on mortgage debt                   (10,232,000) (2,022,000) (6,549,000)
Debt issuance costs                   (4,816,000) (3,105,000) (3,887,000)
Dividends paid - shareholders                   (104,908,000) (63,720,000) (28,104,000)
Distributions to noncontrolling interest - Operating Partnership                   (3,162,000) (3,216,000) (3,382,000)
Preferred distributions paid - OP Unit holder                   (1,508,000) (563,000) 0
Distributions to noncontrolling interest - partially owned properties                   (543,000) (213,000) (185,000)
Purchase of Series A Preferred Units                   (9,756,000) 0 0
Purchase of OP Units                   (3,671,000) (1,088,000) (7,546,000)
Common shares repurchased and retired                   0 (606,000) (321,000)
Net cash provided by financing activities                   1,148,745,000 727,584,000 464,960,000
Net increase (decrease) in cash and cash equivalents                   12,348,000 (12,780,000) (40,555,000)
Cash and cash equivalents, beginning of period 3,143,000 15,923,000 56,478,000 $ 3,143,000 $ 15,923,000 $ 56,478,000 $ 3,143,000 $ 15,923,000 $ 56,478,000 3,143,000 15,923,000 56,478,000
Cash and cash equivalents, end of period                   15,491,000 3,143,000 15,923,000
Supplemental cash flow information:                        
Supplemental disclosure of cash flow information - interest paid during the year                   17,151,000 9,550,000 5,606,000
Change in fair value of interest rate cap agreements                   13,708,000 0 0
Noncash investing and financing activities:                        
Change in fair value of interest rate swap agreements                   13,708,000 0 0
Supplemental disclosure of noncash activity - assumed debt                   0 18,690,000 15,283,000
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions                   23,848,000 10,973,000 28,589,000
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions                   6,769,000 40,376,000 28,589,000
Supplemental disclosure of noncash activity - contingent consideration                   156,000 2,718,000 840,000
Operating Partnership                        
Net income 5,424,000 (448,000) (3,558,000) 12,608,000 2,849,000 (4,158,000) 22,902,000 6,832,000 (6,409,000) 31,522,000 12,741,000 (4,418,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities                        
Depreciation and amortization 16,010,000 8,240,000 2,416,000 35,809,000 18,591,000 6,152,000 59,778,000 31,067,000 10,565,000 86,589,000 45,471,000 16,731,000
Amortization of deferred financing costs 448,000 293,000 148,000 947,000 594,000 352,000 1,796,000 953,000 626,000 2,325,000 1,373,000 1,097,000
Accelerated amortization of deferred financing costs               0 141,000 0 0 0
Amortization of lease inducements and above/below market lease intangibles 962,000 302,000 81,000 1,989,000 838,000 186,000 2,994,000 1,559,000 331,000 3,906,000 2,577,000 571,000
Straight-line rental revenue/expense (3,185,000) (2,012,000) (652,000) (7,204,000) (3,889,000) (1,585,000) (12,156,000) (6,262,000) (2,785,000) (16,226,000) (9,000,000) (4,366,000)
Amortization of above market assumed debt (59,000) (10,000) 0 (118,000) (55,000) 0 (177,000) (114,000) 0 (236,000) (173,000) 0
Gain on sale of investment properties 0 15,000 0 0 15,000 0 0 (130,000) (34,000) 0 (130,000) (32,000)
Equity in income of unconsolidated entities (32,000) (26,000) (17,000) (58,000) (52,000) (43,000) (85,000) (78,000) (69,000) (115,000) (104,000) (95,000)
Distribution from unconsolidated entities 27,000 26,000 0 27,000 53,000 45,000 82,000 79,000 45,000 82,000 106,000 71,000
Change in fair value of derivatives (40,000) (13,000) (41,000) (67,000) (154,000) (72,000) (67,000) (116,000) (138,000) (240,000) (166,000) (161,000)
Provision for bad debts 30,000 0 6,000 104,000 0 6,000 152,000 26,000 5,000 2,310,000 69,000 9,000
Non-cash share compensation 1,185,000 867,000 356,000 2,599,000 1,944,000 860,000 3,497,000 2,929,000 1,681,000 4,894,000 3,798,000 2,422,000
Ziegler shared service amendment payment               0 1,800,000 0 0 1,800,000
Write-off of contingent consideration             (840,000) 0   (840,000) 0 0
Impairment loss               0 250,000 0 0 1,750,000
Change in operating assets and liabilities:                        
Tenant receivables (3,665,000) (1,022,000) (591,000) (1,001,000) (1,453,000) (50,000) (7,543,000) (2,448,000) (521,000) (10,058,000) (2,836,000) (986,000)
Other assets (1,995,000) (580,000) 6,000 (3,081,000) (1,231,000) 402,000 (6,320,000) (1,268,000) (1,285,000) (20,387,000) (630,000) (3,518,000)
Accounts payable to related parties                   0 0
Accounts payable, trade 1,015,000 (252,000) (114,000) 1,079,000 397,000 (138,000) 1,578,000 693,000 (203,000) 3,779,000 (56,000) (136,000)
Accrued expenses and other liabilities 4,023,000 4,345,000 1,580,000 15,908,000 4,013,000 1,954,000 23,832,000 7,929,000 3,445,000 37,474,000 8,312,000 2,556,000
Net cash provided by operating activities 20,148,000 9,725,000 (380,000) 59,541,000 22,460,000 3,911,000 89,423,000 41,651,000 7,445,000 124,779,000 61,352,000 13,295,000
Cash Flows from Investing Activities:                        
Proceeds on sales of investment properties 0 1,550,000 0 0 1,550,000 0 0 3,039,000 235,000 0 3,039,000 235,000
Acquisition of investment properties, net (197,876,000) (205,278,000) (138,779,000) (872,497,000) (336,128,000) (208,118,000) (1,044,601,000) (629,888,000) (404,715,000) (1,245,128,000) (752,807,000) (501,127,000)
Capital expenditures on existing investment properties (1,820,000) (1,028,000) 0 (6,980,000) (1,815,000) (87,000) (8,665,000) (3,974,000) (551,000) (11,304,000) (4,988,000) (900,000)
Payments for real estate loans receivable (500,000) (4,123,000) (6,836,000) (3,478,000) (9,000,000) (6,836,000) (8,153,000) (12,404,000) (6,836,000)      
Pay down of contingent consideration                   (10,207,000) (999,000) 0
Proceeds from (payments for) real estate loans receivable                   11,336,000 (22,359,000) (15,386,000)
Repayment of real estate loan receivable (4,500,000) 0   (4,500,000) 0   (4,500,000) 0   (4,118,000) 0 0
Note receivable       0 (4,123,000) 0 0 (4,123,000) 0 0 (20,545,000) 0
Repayment of note receivable       4,118,000 0   4,118,000 0        
Leasing commissions (58,000) (35,000) (5,000) (116,000) (63,000) (5,000) (707,000) (278,000) (5,000) (1,034,000) (579,000) (100,000)
Lease inducements (1,284,000) (462,000) 0 (4,870,000) (2,445,000) (1,500,000) (4,870,000) (2,478,000) (1,532,000) (8,957,000) (2,478,000) (1,532,000)
Net cash used in investing activities (197,038,000) (209,376,000) (145,620,000) (879,323,000) (352,024,000) (216,546,000) (1,058,378,000) (650,106,000) (413,404,000) (1,261,176,000) (801,716,000) (518,810,000)
Cash Flows from Financing Activities:                        
Net proceeds from sale of common shares 321,238,000 301,772,000 (57,000) 764,205,000 318,041,000 149,917,000 764,292,000 318,170,000 295,610,000 766,841,000 545,117,000 350,384,000
Formation transactions                   0 0 0
Proceeds from credit facility borrowings 150,000,000 73,000,000 80,000,000 528,000,000 191,000,000 113,200,000 921,000,000 473,000,000 286,200,000 1,181,000,000 620,000,000 395,200,000
Payment on credit facility borrowings (424,000,000) (138,000,000) 0 (545,000,000) (138,000,000) (113,200,000) (860,000,000) (138,000,000) (216,200,000) (925,000,000) (363,000,000) (257,200,000)
Proceeds from issuance of mortgage debt 21,500,000 0 26,550,000 21,500,000 0 26,550,000 21,500,000 0 26,550,000 39,500,000 0 26,550,000
Proceeds from issuance of senior unsecured notes 150,000,000 0   150,000,000 0   225,000,000 0   225,000,000 0 0
Principal payments on mortgage debt (541,000) (466,000) (384,000) (1,089,000) (966,000) (803,000) (1,646,000) (1,486,000) (1,234,000) (10,232,000) (2,022,000) (6,549,000)
Debt issuance costs (808,000) (24,000) (761,000) (4,313,000) (144,000) (1,331,000) (4,693,000) (3,029,000) (3,848,000) (4,816,000) (3,105,000) (3,887,000)
Dividends paid - shareholders (19,666,000) (15,792,000) (4,848,000) (44,151,000) (31,613,000) (9,716,000) (74,515,000) (47,665,000) (17,443,000) (104,908,000) (63,720,000) (28,104,000)
Distributions to noncontrolling interest - Operating Partnership (809,000) (714,000) (832,000) (1,616,000) (1,523,000) (1,664,000) (2,410,000) (2,374,000) (2,665,000) (3,162,000) (3,216,000) (3,382,000)
Preferred distributions paid - OP Unit holder (204,000) 0   (704,000) (238,000) 0 (1,115,000) (360,000) 0 (1,508,000) 0 0
Distributions to noncontrolling interest - partially owned properties (57,000) (69,000) (54,000) (363,000) (114,000) (99,000) (450,000) (158,000) (143,000) (543,000) (213,000) (185,000)
Purchase of Series A Preferred Units       (9,756,000) 0   (9,756,000) 0   (9,756,000) (563,000) 0
Purchase of OP Units 0 (205,000) 0 (2,129,000) (253,000) 0 (2,999,000) (253,000) 0 (3,671,000) (1,088,000) (7,546,000)
Common shares repurchased and retired             0 (595,000) (321,000) 0 (606,000) (321,000)
Net cash provided by financing activities 196,653,000 219,502,000 99,614,000 854,584,000 336,190,000 162,854,000 974,208,000 597,250,000 366,506,000 1,148,745,000 727,584,000 464,960,000
Net increase (decrease) in cash and cash equivalents 19,763,000 19,851,000 (46,386,000) 34,802,000 6,626,000 (49,781,000) 5,253,000 (11,205,000) (39,453,000) 12,348,000 (12,780,000) (40,555,000)
Cash and cash equivalents, beginning of period 3,143,000 15,923,000 56,478,000 3,143,000 15,923,000 56,478,000 3,143,000 15,923,000 56,478,000 3,143,000 15,923,000 56,478,000
Cash and cash equivalents, end of period 22,906,000 35,774,000 10,092,000 37,945,000 22,549,000 6,697,000 8,396,000 4,718,000 17,025,000 15,491,000 3,143,000 15,923,000
Supplemental cash flow information:                        
Supplemental disclosure of cash flow information - interest paid during the year 2,181,000 1,402,000 1,025,000 4,300,000 3,332,000 2,607,000 12,074,000 6,010,000 4,113,000 17,151,000 9,550,000 5,606,000
Change in fair value of interest rate cap agreements             652,000     13,708,000 0 0
Noncash investing and financing activities:                        
Change in fair value of interest rate swap agreements             652,000 0   13,708,000 0 0
Supplemental disclosure of noncash activity - assumed debt 0 6,323,000 10,800,000 0 18,690,000 10,395,000 0 18,690,000 15,283,000 0 18,690,000 15,283,000
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions 2,869,000 17,017,000                    
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions   17,017,000 0   20,438,000 3,135,000   20,677,000 28,589,000      
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions       6,869,000 20,438,000   6,769,000 20,677,000   6,769,000 40,376,000 28,589,000
Supplemental disclosure of noncash activity - contingent consideration $ 0 $ 1,482,000 $ 0 $ 156,000 $ 1,482,000 $ 0 $ 156,000 $ 550,000 $ 840,000 $ 156,000 $ 2,718,000 $ 840,000