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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (22,595) $ 41,803
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization (including below-market ground leases) 26,167 27,345
Amortization of deferred financing costs 1,040 1,012
Amortization of stock-based compensation 2,915 3,395
Straight-line rental income (11) (20)
Adjustment for collectibility of rental income 977 0
Noncash interest income (13) 0
(Gain) loss on sale of real estate (186) 192
Impairment of real estate investments 61,384 0
Provision for loan losses, net 3,844 0
Change in operating assets and liabilities:    
Accounts and other receivables 578 (93)
Prepaid expenses and other assets, net (1,724) 88
Accounts payable, accrued liabilities and deferred rent liabilities (4,074) (3,165)
Net cash provided by operating activities 68,302 70,557
Cash flows from investing activities:    
Acquisitions of real estate, net of deposits applied (21,915) (147,807)
Purchases of equipment, furniture and fixtures and improvements to real estate (3,628) (3,463)
Investment in real estate related and other loans receivable (102,086) (700)
Principal payments received on real estate related and other loans receivable 1,026 113
Net proceeds from sales of real estate 959 6,814
Net cash used in investing activities (125,644) (145,043)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 0 22,946
Proceeds from the issuance of senior unsecured notes payable 0 400,000
Borrowings under unsecured revolving credit facility 125,000 170,000
Payments on unsecured revolving credit facility 0 (170,000)
Payments on debt extinguishment and deferred financing costs 0 (5,577)
Net-settle adjustment on restricted stock (4,469) (1,331)
Dividends paid on common stock (52,817) (49,513)
Net cash provided by financing activities 67,714 366,525
Net increase in cash and cash equivalents 10,372 292,039
Cash and cash equivalents as of the beginning of period 19,895 18,919
Cash and cash equivalents as of the end of period 30,267 310,958
Supplemental disclosures of cash flow information:    
Interest paid 10,987 10,664
Supplemental schedule of noncash investing and financing activities:    
Increase in dividends payable 522 1,834
Increase in deferred financing costs payable 0 618
Transfer of pre-acquisition costs to acquired assets $ 7 $ 358