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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 5,226 $ 7,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 59,117 63,089
Straight-lining of rental revenue (10,611) (11,578)
Amortization of stock-based compensation expense 5,397 7,602
Loss from unconsolidated joint ventures 4,221 1,027
Distributions of earnings from unconsolidated joint ventures 935 537
Amortization of deferred financing costs 2,318 2,801
Realized and unrealized losses (gains) on marketable securities 2,199 (1,880)
Amortization of above and below-market leases, net (1,508) (3,276)
Income from unconsolidated real estate funds (52) (46)
Distributions of earnings from unconsolidated real estate funds 189 1,011
Receipt of accrued interest on preferred equity investment   2,339
Other non-cash adjustments 36 (458)
Changes in operating assets and liabilities:    
Accounts and other receivables 1,405 (60)
Deferred charges (4,389) (2,570)
Other assets (28,083) 31,000
Accounts payable and accrued expenses (7,019) (2,544)
Other liabilities (2,421) 457
Net cash provided by operating activities 26,960 94,451
Cash Flows from Investing Activities:    
Repayment of amounts due from affiliates 36,918  
Due from affiliates   (11,000)
Additions to real estate (30,460) (27,944)
Purchases of marketable securities (8,187) (6,568)
Sales of marketable securities 4,780 3,132
Contributions of capital to unconsolidated real estate funds (2,936) (36)
Distributions of capital from unconsolidated real estate funds   1,260
Investments in and contributions of capital to unconsolidated joint ventures   (49,239)
Redemption of preferred equity investment   33,750
Net cash provided by (used in) investing activities 115 (56,645)
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 163,082  
Repurchases of common shares (97,013)  
Dividends paid to common stockholders (22,743) (23,356)
Distributions paid to common unitholders (2,512) (2,546)
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund (8,771)  
Distributions to noncontrolling interests (3,172) (30,777)
Contributions from noncontrolling interests 8,055 14,496
Proceeds from notes and mortgages payable 3,073  
Repurchase of shares related to stock compensation agreements and related tax withholdings (309) (301)
Debt issuance costs   (260)
Net cash provided by (used in) financing activities 39,690 (42,744)
Net increase (decrease) in cash and cash equivalents and restricted cash 66,765 (4,938)
Cash and cash equivalents and restricted cash at beginning of period 331,487 365,409
Cash and cash equivalents and restricted cash at end of period 398,252 360,471
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 306,215 339,653
Restricted cash at beginning of period 25,272 25,756
Cash and cash equivalents and restricted cash at beginning of period 331,487 365,409
Cash and cash equivalents at end of period 377,689 342,308
Restricted cash at end of period 20,563 18,163
Cash and cash equivalents and restricted cash at end of period 398,252 360,471
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 34,565 33,872
Cash payments for income taxes, net of refunds 575 1,480
Non-Cash Transactions:    
Common shares issued upon redemption of common units 85,311 21,982
Dividends and distributions declared but not yet paid 24,342 25,949
Additions to real estate included in accounts payable and accrued expenses 14,878 15,630
Write-off of fully amortized and/or depreciated assets $ 3,794 1,578
Change in value of interest rate swaps   $ 9,026