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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income (loss) $ (4,373) $ 10,094
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sales of real estate   (13,742)
Depreciation and amortization 15,398 11,372
Amortization/write-off of deferred financing costs 432 768
Change in fair value on derivative instruments included in interest expense (1,854) (349)
Net cash received on derivative settlements 1,810 331
Amortization/write-off of fair market value adjustment of assumed debt (24) (51)
Vesting of stock-based compensation 1,070 915
Changes in operating assets and liabilities, net of effects of acquisitions:    
Operating assets 5,333 (1,036)
Operating liabilities (6,416) (5,171)
Net cash provided by operating activities 11,376 3,131
Cash flows from investing activities    
Net proceeds from sales of real estate   29,553
Additions to real estate investments (6,897) (6,830)
Acquisitions of real estate investments (132,482)  
Net cash provided by (used in) investing activities (139,379) 22,723
Cash flows from financing activities    
Mortgage proceeds received 78,987  
Mortgage payments (238) (17,929)
Credit facilities proceeds received 52,500  
Bridge facility payments   (8,597)
Deferred financing costs paid (1,355)  
Interest rate cap fees paid (20)  
Repurchase of common stock   (5,058)
Dividends paid to common stockholders (6,717) (5,325)
Net cash provided by (used in) financing activities 123,157 (36,909)
Net decrease in cash, cash equivalents and restricted cash (4,846) (11,055)
Cash, cash equivalents and restricted cash, beginning of period 43,129 43,248
Cash, cash equivalents and restricted cash, end of period 38,283 32,193
Supplemental Disclosure of Cash Flow Information    
Interest paid 9,176 6,683
Prepayment penalties   172
Supplemental Disclosure of Noncash Activities    
Capitalized construction costs included in accounts payable and other accrued liabilities 1,542 1,150
Change in fair value on derivative instruments designated as hedges (5,665) 7,761
Other assets acquired from acquisitions 87  
Liabilities assumed from acquisitions 271  
Increase in dividends payable on restricted stock units $ (76) $ 55