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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 (loss) $ 1,918 $ (481)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 23,556 22,451
Straight line rent (709) (974)
Amortization of above- / below-market leases (1,521) (1,729)
Amortization of unearned revenue (697) (67)
Amortization of loan premium / discount (20) (20)
Amortization of deferred financing costs 378 342
Amortization of lease inducements 207  
Non-cash compensation 1,000 734
Net change in:    
Rents receivable 1,252 (1,361)
Accounts receivable 1,069 (1,960)
Prepaid expenses and other assets (17,336) (4,443)
Deferred revenue associated with operating leases 20,646 6
Accounts payable, accrued expenses and other liabilities 8,802 1,478
Net cash provided by operating activities 38,545 13,976
Cash flows from investing activities    
Real estate acquisitions and deposits (30,305) (148,251)
Additions to operating properties (4,570) (895)
Additions to development properties (18,417) (18,808)
Net cash used in investing activities (53,292) (167,954)
Cash flows from financing activities    
Issuance of common shares 4,883 131,171
Credit facility draws 56,500 178,750
Credit facility repayments (20,500) (129,000)
Repayments of mortgage notes payable (870) (836)
Dividends and distributions paid (22,086) (18,433)
Payment of offering costs (122) (5,454)
Net cash provided by financing activities 17,805 156,198
Net increase in Cash and cash equivalents and Restricted cash 3,058 2,220
Cash and cash equivalents and Restricted cash, beginning of period 15,549 11,105
Cash and cash equivalents and Restricted cash, end of period 18,607 13,325
Supplemental disclosure of cash flow information is as follows (amounts in thousands):    
Cash paid for interest, net of capitalized interest 9,358 6,083
Offering costs accrued, not paid 1 2
Deferred asset acquisition costs accrued, not paid 151 70
Unrealized loss on interest rate swaps, net (9,846) (3,017)
Properties acquired for Common Units 21,550  
Exchange of Common Units for Shares of Common Stock    
Non-controlling interest in Operating Partnership (597) (493)
Common stock 1  
Additional paid-in capital 596 493
Operating Properties [Member]    
Supplemental disclosure of cash flow information is as follows (amounts in thousands):    
Additions to properties accrued, not paid 1,784 505
Development Properties [Member]    
Supplemental disclosure of cash flow information is as follows (amounts in thousands):    
Additions to properties accrued, not paid $ 8,411 $ 10,862