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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 78,003 $ 112,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,852 65,645
Casualty and impairment loss, net 0 9,070
Gain on sale of real estate (39,775) (68,219)
Gain on extinguishment of debt (34,908) 0
Amortization of deferred financing costs 2,113 2,170
Amortization of below market leases, net (6,803) (13,933)
Noncash lease expense 5,655 6,329
Straight-lining of rent 9,503 120
Share-based compensation expense 14,463 10,269
Rental revenue deemed uncollectible 21,464 1,107
Change in operating assets and liabilities:    
Tenant and other receivables (24,276) 1,337
Deferred leasing costs (1,110) (3,239)
Prepaid expenses and other assets (11,656) (2,377)
Lease liabilities (5,017) (5,471)
Accounts payable, accrued expenses and other liabilities (1,679) 1,975
Net cash provided by operating activities 74,829 115,593
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate development and capital improvements 18,266 71,005
Acquisitions of real estate 92,132 0
Proceeds from sale of operating properties 54,402 111,440
Insurance proceeds 0 12,677
Net cash (used in) provided by investing activities (55,996) 60,055
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (87,567) (3,907)
Dividends to common shareholders (26,647) (79,489)
Distributions to redeemable noncontrolling interests (1,314) (4,427)
Taxes withheld for vested restricted shares (1,461) (633)
Borrowings under unsecured credit facility 250,000 0
Proceeds from mortgage loan borrowings 90,250  
Repurchase of common shares (54,141) 0
Debt issuance costs (2,298) (2,643)
Proceeds related to the issuance of common shares 205 253
Net cash provided by (used in) financing activities 167,027 (96,824)
Net increase in cash and cash equivalents and restricted cash 185,860 78,824
Cash and cash equivalents and restricted cash at beginning of period 485,136 457,522
Cash and cash equivalents and restricted cash at end of period 670,996 536,346
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, net of amounts capitalized of $513 and $1,277, respectively 52,771 48,776
Cash payments for income taxes 482 1,589
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures included in accounts payable and accrued expenses 7,330 13,444
Write-off of fully depreciated and impaired assets 10,748 43,625
Mortgage debt forgiven in refinancing 30,000 0
Assumption of debt through the acquisition of real estate 72,473 0
Cash and cash equivalents at beginning of period 432,954 440,430
Cash and cash equivalents at end of period 646,432 441,561
Restricted cash at beginning of period 52,182 17,092
Restricted cash at end of period 24,564 94,785
Cash and cash equivalents and restricted cash at beginning/end of period 670,996 536,346
Payments For Redemptions of Units, Partners' Capital Account 0 (5,978)
Proceeds From Sale On Termination Of Lease 0 6,943
Gain (Loss) on Termination of Lease 0 (1,849)
Urban Edge Properties LP    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 78,003 112,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,852 65,645
Casualty and impairment loss, net 0 9,070
Gain on sale of real estate (39,775) (68,219)
Gain on extinguishment of debt (34,908) 0
Amortization of deferred financing costs 2,113 2,170
Amortization of below market leases, net (6,803) (13,933)
Noncash lease expense 5,655 6,329
Straight-lining of rent 9,503 120
Share-based compensation expense 14,463 10,269
Rental revenue deemed uncollectible 21,464 1,107
Change in operating assets and liabilities:    
Tenant and other receivables (24,276) 1,337
Deferred leasing costs (1,110) (3,239)
Prepaid expenses and other assets (11,656) (2,377)
Lease liabilities (5,017) (5,471)
Accounts payable, accrued expenses and other liabilities (1,679) 1,975
Net cash provided by operating activities 74,829 115,593
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate development and capital improvements 18,266 71,005
Acquisitions of real estate 92,132 0
Proceeds from sale of operating properties 54,402 111,440
Insurance proceeds 0 12,677
Net cash (used in) provided by investing activities (55,996) 60,055
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (87,567) (3,907)
Distributions to partners 27,961 83,916
Taxes withheld for vested restricted shares (1,461) (633)
Borrowings under unsecured credit facility 250,000 0
Proceeds from mortgage loan borrowings 90,250 0
Repurchase of common shares (54,141) 0
Debt issuance costs (2,298) (2,643)
Proceeds related to the issuance of common shares 205 253
Net cash provided by (used in) financing activities 167,027 (96,824)
Net increase in cash and cash equivalents and restricted cash 185,860 78,824
Cash and cash equivalents and restricted cash at beginning of period 485,136 457,522
Cash and cash equivalents and restricted cash at end of period 670,996 536,346
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, net of amounts capitalized of $513 and $1,277, respectively 52,771 48,776
Cash payments for income taxes 482 1,589
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures included in accounts payable and accrued expenses 7,330 13,444
Write-off of fully depreciated and impaired assets 10,748 43,625
Mortgage debt forgiven in refinancing 30,000 0
Assumption of debt through the acquisition of real estate 72,473 0
Cash and cash equivalents at beginning of period 432,954 440,430
Cash and cash equivalents at end of period 646,432 441,561
Restricted cash at beginning of period 52,182 17,092
Restricted cash at end of period 24,564 94,785
Cash and cash equivalents and restricted cash at beginning/end of period 670,996 536,346
Payments For Redemptions of Units, Partners' Capital Account 0 (5,978)
Proceeds From Sale On Termination Of Lease 0 6,943
Gain (Loss) on Termination of Lease $ 0 $ (1,849)