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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 57,923 $ 25,874 $ 29,353
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including a below-market ground lease) 45,783 39,176 31,980
Amortization of deferred financing costs 1,938 2,100 2,239
Loss on the extinguishment of debt 0 11,883 326
Amortization of stock-based compensation 3,848 2,416 1,546
Straight-line rental income (2,333) (344) (150)
Noncash interest income (238) (686) (737)
(Gain) loss on sale of real estate (2,051) 0 265
Interest income distribution from other real estate investment 0 1,500 0
Reserve for advances and deferred rent 0 10,414 0
Impairment of real estate investment 0 890 0
Change in operating assets and liabilities:      
Accounts and other receivables, net (3,800) (9,428) (3,404)
Prepaid expenses and other assets (270) (273) 84
Accounts payable and accrued liabilities (1,443) 5,278 2,929
Net cash provided by operating activities 99,357 88,800 64,431
Cash flows from investing activities:      
Acquisitions of real estate (111,640) (296,517) (281,228)
Improvements to real estate (7,230) (748) (762)
Purchases of equipment, furniture and fixtures (1,782) (403) (151)
Preferred equity investments 0 0 (4,656)
Investment in real estate mortgage and other loans receivable (5,648) (12,416) 0
Principal payments received on real estate mortgage and other loans receivable 3,227 25 0
Sale of other real estate investment 0 7,500 0
Escrow deposits for acquisitions of real estate (5,000) 0 (700)
Net proceeds from the sale of real estate 13,004 0 2,855
Net cash used in investing activities (115,069) (302,559) (284,642)
Cash flows from financing activities:      
Proceeds from the issuance of common stock, net 179,882 170,323 200,402
Proceeds from the issuance of senior unsecured notes payable 0 300,000 0
Proceeds from the issuance of senior unsecured term loan 0 0 100,000
Borrowings under unsecured revolving credit facility 65,000 238,000 255,000
Payments on senior unsecured notes payable 0 (267,639) 0
Payments on unsecured revolving credit facility (135,000) (168,000) (205,000)
Payments on the mortgage notes payable 0 0 (95,022)
Payments of deferred financing costs 0 (6,063) (1,352)
Net-settle adjustment on restricted stock (1,288) (866) (515)
Dividends paid on common stock (62,999) (52,587) (37,269)
Net cash provided by financing activities 45,595 213,168 216,244
Net increase (decrease) in cash and cash equivalents 29,883 (591) (3,967)
Cash and cash equivalents, beginning of period 6,909 7,500 11,467
Cash and cash equivalents, end of period 36,792 6,909 7,500
Supplemental disclosures of cash flow information:      
Interest paid 25,941 29,619 21,238
Supplemental schedule of noncash operating, investing and financing activities:      
Increase in dividends payable 3,739 2,970 3,371
Application of escrow deposit to acquisition of real estate $ 0 $ 700 $ 1,250