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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (66,987) $ (10,933)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in loss of unconsolidated entities 33,076 1,162
Distributions from unconsolidated entities   1,042
Loss/(gain) on sale of real estate, net 1,015 (24,208)
Impairment of real estate assets 991 1,700
Share-based compensation 425 911
Depreciation and amortization 11,934 13,142
Amortization of deferred financing costs 105 106
Amortization of above and below market leases, net 65 (39)
Straight-line rent adjustment (721) 210
Interest on sale-leaseback financing obligations 12  
Change in operating assets and liabilities    
Tenants and other receivables (8,340) 294
Prepaid expenses, deferred expenses and other assets 868 1,151
Accounts payable, accrued expenses and other liabilities (2,491) (7,635)
Net cash used in operating activities (30,048) (23,097)
CASH FLOW FROM INVESTING ACTIVITIES    
Investment in unconsolidated entities (7,613) (9,902)
Distributions from unconsolidated entities 99  
Net proceeds from sale of real estate 8,467 55,221
Development of real estate (22,474) (26,804)
Net cash (used in) provided by investing activities (21,521) 18,515
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock and non-controlling interest   4
Proceeds from sale-leaseback financing obligations   153
Purchase of shares related to stock grant recipients' tax withholdings   (138)
Preferred dividends paid (1,225) (1,225)
Net cash used in financing activities (1,225) (1,206)
Net decrease in cash and cash equivalents (52,794) (5,788)
Cash and cash equivalents, and restricted cash, beginning of period 113,753 150,254
Cash and cash equivalents, and restricted cash, end of period 60,959 144,466
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents at beginning of period 106,602 143,728
Restricted cash at beginning of period 7,151 6,526
Cash and cash equivalents at end of period 53,807 137,940
Restricted cash at end of period 7,152 6,526
Cash and cash equivalents and restricted cash 60,959 144,466
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 26,063 27,999
Capitalized interest 3,736 2,954
Income taxes paid (refunded) 25 (138)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Development of real estate financed with accounts payable 19,968 8,079
Preferred dividends declared and unpaid 1,225 1,225
Transfer to / (from) real estate assets held for sale $ 92,078 $ 22,577