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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 31,875 $ 36,486
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 94,962 76,081
Amortization of deferred financing costs 1,158 1,163
Amortization of lease inducements and above/below-market lease intangibles 3,100 2,283
Straight-line rental revenue/expense (3,881) (5,105)
Amortization of discount on unsecured senior notes 527 324
Amortization of above market assumed debt (10) (31)
Gain on sale of investment properties, net (3,481) (354)
Equity in loss of unconsolidated entities 390 823
Distributions from unconsolidated entities 3,932 3,515
Provision for bad debts 95 (161)
Non-cash share compensation 8,051 7,175
Change in operating assets and liabilities:    
Tenant receivables (1,672) (1,354)
Other assets 3,650 5,501
Accounts payable (1,315) (1,583)
Accrued expenses and other liabilities 2,117 (2,418)
Net cash provided by operating activities 139,498 122,345
Cash Flows from Investing Activities:    
Proceeds from sale of investment properties 7,900 4,128
Acquisition of investment properties, net (27,325) (37,603)
Investment in unconsolidated entities (12,119) 10
Escrowed cash - acquisition deposits/earnest deposits 360 189
Capital expenditures on investment properties (21,515) (13,509)
Investment in real estate loans receivable (14,611) (10,673)
Repayment of real estate loans receivable 22,441 18,602
Leasing commissions (1,842) (2,575)
Lease inducements (500) 0
Net cash used in investing activities (47,211) (41,431)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 23,516 135,259
Proceeds from credit facility borrowings 147,000 154,000
Repayment of credit facility borrowings (157,000) (248,000)
Principal payments on mortgage debt (838) (7,377)
Debt issuance costs (17) (13)
Dividends paid - shareholders (104,737) (98,417)
Distributions to noncontrolling interests - Operating Partnership (5,479) (2,549)
Preferred distributions paid - OP Unit holder 0 (303)
Contributions from noncontrolling interest 569 0
Distributions to noncontrolling interests - partially owned properties (331) (334)
Payments of employee taxes for withheld stock-based compensation shares (4,261) (4,184)
Purchase of Series A Preferred Units 0 (4,661)
Purchase of OP Units (184) (5,332)
Net cash used in financing activities (101,762) (81,911)
Net decrease in cash and cash equivalents (9,475) (997)
Cash and cash equivalents, beginning of period 9,876 2,515
Cash and cash equivalents, end of period 401 1,518
Supplemental Cash Flow Information [Abstract]    
Supplemental disclosure of cash flow information - interest paid during the period 32,405 26,028
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 4,462 1,340
Supplemental disclosure of noncash activity—conversion of loan receivable in connection to the acquisition of investment property $ 5,700 $ 15,500