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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (43,264) $ 20,486
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization (including below-market ground leases) 13,594 13,486
Amortization of deferred financing costs 520 487
Amortization of stock-based compensation 1,521 1,585
Straight-line rental income (6) (12)
Adjustment for collectibility of rental income 977 0
(Gain) loss on sale of real estate (186) 192
Impairment of real estate investments 59,683 0
Provision for loan losses, net 3,844 0
Change in operating assets and liabilities:    
Accounts and other receivables 337 (100)
Prepaid expenses and other assets, net (404) 278
Accounts payable, accrued liabilities and deferred rent liabilities (2,037) (2,453)
Net cash provided by operating activities 34,579 33,949
Cash flows from investing activities:    
Acquisitions of real estate, net of deposits applied (21,915) (138,151)
Purchases of equipment, furniture and fixtures and improvements to real estate (1,918) (1,319)
Investment in other loans receivable (2,086) (700)
Principal payments received on real estate mortgage and other loans receivable 888 56
Net proceeds from sales of real estate 959 6,814
Net cash used in investing activities (24,072) (133,300)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 0 16,191
Borrowings under unsecured revolving credit facility 25,000 120,000
Net-settle adjustment on restricted stock (2,772) (1,330)
Dividends paid on common stock (26,044) (23,960)
Net cash (used in) provided by financing activities (3,816) 110,901
Net increase in cash and cash equivalents 6,691 11,550
Cash and cash equivalents as of the beginning of period 19,895 18,919
Cash and cash equivalents as of the end of period 26,586 30,469
Supplemental disclosures of cash flow information:    
Interest paid 1,355 1,325
Supplemental schedule of noncash investing and financing activities:    
Increase in dividends payable 615 1,673
Transfer of pre-acquisition costs to acquired assets $ 7 $ 358