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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 1,884,000 $ 5,226,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58,305,000 59,117,000
Straight-lining of rental revenue (7,282,000) (10,611,000)
Amortization of stock-based compensation expense 5,486,000 5,397,000
Loss from unconsolidated joint ventures 5,316,000 4,221,000
Amortization of deferred financing costs 2,319,000 2,318,000
Distributions of earnings from unconsolidated real estate funds 137,000 189,000
Distributions of earnings from unconsolidated joint ventures   935,000
Realized and unrealized (gains) losses on marketable securities (858,000) 2,199,000
Amortization of above and below-market leases, net (855,000) (1,508,000)
Income from unconsolidated real estate funds (180,000) (52,000)
Other non-cash adjustments 735,000 36,000
Changes in operating assets and liabilities:    
Accounts and other receivables 4,850,000 1,405,000
Deferred charges (159,000) (4,389,000)
Other assets (29,311,000) (28,083,000)
Accounts payable and accrued expenses 16,997,000 (7,019,000)
Other liabilities 946,000 (2,421,000)
Net cash provided by operating activities 58,330,000 26,960,000
Cash Flows from Investing Activities:    
Additions to real estate (19,339,000) (30,460,000)
Purchases of marketable securities (9,562,000) (8,187,000)
Sales of marketable securities 2,557,000 4,780,000
Repayment of amounts due from affiliates   36,918,000
Contributions of capital to unconsolidated real estate funds   (2,936,000)
Net cash (used in) provided by investing activities (26,344,000) 115,000
Cash Flows from Financing Activities:    
Dividends paid to common stockholders (15,317,000) (22,743,000)
Proceeds from notes and mortgages payable 12,430,000 3,073,000
Distributions to noncontrolling interests (4,625,000) (3,172,000)
Distributions paid to common unitholders (1,479,000) (2,512,000)
Contributions from noncontrolling interests 121,000 8,055,000
Repurchase of shares related to stock compensation agreements and related tax withholdings (200,000) (309,000)
Borrowings under revolving credit facility   163,082,000
Repurchases of common shares   (97,013,000)
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in unconsolidated real estate fund   (8,771,000)
Net cash (used in) provided by financing activities (9,070,000) 39,690,000
Net increase in cash and cash equivalents and restricted cash 22,916,000 66,765,000
Cash and cash equivalents and restricted cash at beginning of period 465,324,000 331,487,000
Cash and cash equivalents and restricted cash at end of period 488,240,000 398,252,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 434,530,000 306,215,000
Restricted cash at beginning of period 30,794,000 25,272,000
Cash and cash equivalents and restricted cash at beginning of period 465,324,000 331,487,000
Cash and cash equivalents at end of period 464,652,000 377,689,000
Restricted cash at end of period 23,588,000 20,563,000
Cash and cash equivalents and restricted cash at end of period 488,240,000 398,252,000
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 32,401,000 34,565,000
Cash payments for income taxes, net of refunds 24,000 575,000
Non-Cash Transactions:    
Dividends and distributions declared but not yet paid 16,889,000 24,342,000
Additions to real estate included in accounts payable and accrued expenses 6,223,000 14,878,000
Write-off of fully amortized and/or depreciated assets $ 2,142,000 3,794,000
Common shares issued upon redemption of common units   $ 85,311,000