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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 23,754 $ 31,875
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 95,623 94,962
Amortization of deferred financing costs 1,265 1,158
Amortization of lease inducements and above/below-market lease intangibles 2,725 3,100
Straight-line rental revenue, net (1,936) (3,881)
Amortization of discount on unsecured senior notes 547 527
Amortization of above market assumed debt 0 (10)
Gain on sale of investment properties, net (13) (3,481)
Equity in (gain) loss of unconsolidated entities (1,538) 390
Distributions from unconsolidated entities 3,722 3,932
Provision for bad debts 316 95
Non-cash share compensation 8,322 8,051
Change in operating assets and liabilities:    
Tenant receivables 3,651 (1,672)
Other assets 3,910 3,650
Accounts payable (182) (1,315)
Accrued expenses and other liabilities 5,619 2,117
Net cash provided by operating activities 145,785 139,498
Cash Flows from Investing Activities:    
Proceeds from sale of investment properties 2,553 7,900
Acquisition of investment properties, net (35,112) (27,325)
Investment in unconsolidated entities, net (2,340) (12,119)
Returns of investment in unconsolidated entities 3,428 0
Development of real estate (5,296) 0
Escrowed cash - acquisition deposits/earnest deposits 0 360
Capital expenditures on investment properties (19,458) (21,515)
Investment in real estate loans receivable (17,741) (14,611)
Repayment of real estate loans receivable 27,600 22,441
Leasing commissions (1,812) (1,842)
Lease inducements (400) (500)
Net cash used in investing activities (48,578) (47,211)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 66,107 23,516
Proceeds from credit facility borrowings 513,000 147,000
Repayment of credit facility borrowings (306,000) (157,000)
Repayment of senior unsecured notes (15,000) 0
Principal payments on mortgage debt (502) (838)
Debt issuance costs (3,813) (17)
Dividends paid - shareholders (110,556) (104,737)
Distributions to noncontrolling interests - Operating Partnership (4,526) (5,479)
Contributions from noncontrolling interest 8,171 569
Distributions to noncontrolling interests - partially owned properties (195) (331)
Payments of employee taxes for withheld stock-based compensation shares (5,891) (4,261)
Purchase of OP Units (72) (184)
Net cash provided by (used in) financing activities 140,723 (101,762)
Net increase (decrease) in cash and cash equivalents 237,930 (9,475)
Cash and cash equivalents, beginning of period 7,730 9,876
Cash and cash equivalents, end of period 245,660 401
Supplemental Cash Flow Information [Abstract]    
Supplemental disclosure of cash flow information - interest paid during the period 37,957 32,405
Supplemental disclosure of noncash activity—change in fair value of interest rate swap agreements 4,099 4,462
Supplemental disclosure of noncash activity—conversion of loan receivable in connection to the acquisition of investment property $ 5,398 $ 5,700