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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (4,667) $ (6,900)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 23,718 20,758
Amortization/write-off of deferred financing costs 565 571
Change in fair value on derivative instruments included in interest expense 2,384 3,663
Net cash paid on derivative settlements (3,646) (3,618)
Amortization/write-off of fair market value adjustment of assumed debt (50) (51)
Provision for bad debts, net 1,248 734
Vesting of stock-based compensation 1,877 1,608
Insurance proceeds received for business interruption   121
Casualty gain 94 (468)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Operating assets (6,413) 578
Operating liabilities (6,428) (3,252)
Net cash provided by operating activities 8,682 13,744
Cash flows from investing activities    
Prepaid acquisition deposits (1,615)  
Insurance proceeds received from casualty losses 273 3,178
Additions to real estate investments (9,120) (10,765)
Net cash used in investing activities (10,462) (7,587)
Cash flows from financing activities    
Mortgage payments (381) (198)
Credit facilities proceeds received 55,000  
Deferred financing costs paid (415)  
Interest rate cap fees paid (10)  
Proceeds from the issuance of common stock through at-the-market offering, net of offering costs 4,138 (176)
Payments for taxes related to net share settlement of stock-based compensation (2,757) (1,244)
Dividends paid to common stockholders (10,367) (8,923)
Net cash provided by (used in) financing activities 45,208 (10,541)
Net increase (decrease) in cash, cash equivalents and restricted cash 43,428 (4,384)
Cash, cash equivalents and restricted cash, beginning of period 88,696 57,015
Cash, cash equivalents and restricted cash, end of period 132,124 52,631
Supplemental Disclosure of Cash Flow Information    
Interest paid 7,442 6,489
Supplemental Disclosure of Noncash Activities    
Capitalized construction costs included in accounts payable and other accrued liabilities 2,846 2,237
Change in fair value on derivative instruments designated as hedges 54,579 31,342
Decrease in dividends payable upon vesting of restricted stock units (391) (147)
Write-off of assets due to casualty losses 1,904 $ 2,028
Write-off of fully amortized in-place leases $ 1,200