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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 13,943 $ 17,805
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 47,260 37,976
Amortization of deferred financing costs 579 581
Amortization of lease inducements and above/below-market lease intangibles 1,575 1,143
Straight-line rental revenue/expense (2,154) (2,725)
Amortization of discount on unsecured senior notes 262 161
Amortization of above market assumed debt (10) (15)
Loss on sale of investment properties, net 153 24
Equity in loss of unconsolidated entities 166 420
Distributions from unconsolidated entities 2,002 1,761
Provision for bad debts 87 (49)
Non-cash share compensation 4,253 3,707
Change in operating assets and liabilities:    
Tenant receivables (791) (1,937)
Other assets (266) 2,766
Accounts payable (5,252) (4,349)
Accrued expenses and other liabilities (7,272) (15,968)
Net cash provided by operating activities 54,535 41,301
Cash Flows from Investing Activities:    
Proceeds from sale of investment properties 1,804 436
Acquisition of investment properties, net (10) (1,135)
Investment in unconsolidated entities (5,045) 37
Escrowed cash - acquisition deposits/earnest deposits 90 (311)
Capital expenditures on investment properties (5,491) (6,139)
Investment in real estate loans receivable (904) (7,398)
Repayment of real estate loans receivable 22,441 307
Leasing commissions (704) (1,044)
Net cash provided by (used in) investing activities 12,181 (15,247)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 5,032 52,432
Proceeds from credit facility borrowings 64,000 78,000
Repayment of credit facility borrowings (83,000) (88,000)
Principal payments on mortgage debt (420) (6,925)
Debt issuance costs (10) (7)
Dividends paid - shareholders (52,858) (49,406)
Distributions to noncontrolling interests - Operating Partnership (2,739) (1,307)
Preferred distributions paid - OP Unit holder 0 (303)
Contributions from noncontrolling interest 569 0
Distributions to noncontrolling interests - partially owned properties (161) (178)
Payments of employee taxes for withheld stock-based compensation shares (4,092) (3,996)
Purchase of Series A Preferred Units 0 (4,661)
Purchase of OP Units (184) (269)
Net cash used in financing activities (73,863) (24,620)
Net (decrease) increase in cash and cash equivalents (7,147) 1,434
Cash and cash equivalents, beginning of period 9,876 2,515
Cash and cash equivalents, end of period 2,729 3,949
Supplemental Cash Flow Information [Abstract]    
Supplemental disclosure of cash flow information - interest paid during the period 23,123 23,335
Supplemental disclosure of noncash activity—settlement of note receivable in exchange for Series A Preferred Units 0 20,646
Supplemental disclosure of noncash activity—change in fair value of interest rate swap agreements 1,379 797
Supplemental disclosure of noncash activity—conversion of loan receivable in connection to the acquisition of investment property $ 3,000 $ 0