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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 7,880 $ 1,918
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 22,325 23,556
Straight line rent (1,413) (709)
Amortization of above- / below-market leases (1,286) (1,521)
Amortization of unearned revenue (1,421) (697)
Amortization of loan premium / discount (19) (20)
Amortization of deferred financing costs 382 378
Amortization of lease inducements 214 207
Non-cash compensation 1,334 1,000
Other 10  
Net change in:    
Tenant accounts receivable 736 2,325
Prepaid expenses and other assets (6,931) (17,340)
Deferred revenue associated with operating leases 963 20,646
Accounts payable, accrued expenses and other liabilities 3,238 8,802
Net cash provided by operating activities 26,012 38,545
Cash flows from investing activities    
Real estate acquisitions and deposits (63,045) (30,305)
Additions to operating properties (5,628) (4,570)
Additions to development properties (3,423) (18,417)
Net cash used in investing activities (72,096) (53,292)
Cash flows from financing activities    
Issuance of common shares 40,403 4,883
Credit facility draws 80,000 56,500
Credit facility repayments (50,250) (20,500)
Repayments of mortgage notes payable (940) (870)
Dividends and distributions paid (24,186) (22,086)
Payment of offering costs (473) (122)
Net cash provided by financing activities 44,554 17,805
Net increase (decrease) in Cash and cash equivalents and Restricted cash (1,530) 3,058
Cash and cash equivalents and Restricted cash, beginning of period 14,669 15,549
Cash and cash equivalents and Restricted cash, end of period 13,139 18,607
Supplemental disclosure of cash flow information is as follows (amounts in thousands):    
Cash paid for interest, net of capitalized interest 9,597 9,358
Supplemental disclosure of non-cash information    
Offering costs accrued, not paid 6 1
Deferred asset acquisition costs accrued, not paid 65 151
Contingent consideration accrued, not paid 336 336
Unrealized gain (loss) on interest rate swaps, net 1,838 (9,846)
Properties acquired for Common Units   21,550
Exchange of Common Units for Shares of Common Stock    
Non-controlling interest in Operating Partnership (2,664) (597)
Common stock 2 1
Additional paid-in capital 2,662 596
Operating Properties [Member]    
Supplemental disclosure of non-cash information    
Additions to properties accrued, not paid 1,269 1,784
Development Properties [Member]    
Supplemental disclosure of non-cash information    
Additions to properties accrued, not paid $ 1,654 $ 8,411