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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOW FROM OPERATING ACTIVITIES    
Net (loss) income $ (10,894) $ 16,201
Adjustments to reconcile net loss to net cash provided by operating activities:    
Equity in (income) loss of unconsolidated joint ventures (1,222) 2,582
Distributions from unconsolidated joint ventures 781  
Gain on sale of real estate, net (21,261) (41,831)
Unrealized (gain) loss on interest rate cap   (165)
Share-based compensation 1,532 869
Depreciation and amortization 26,216 34,667
Amortization of deferred financing costs 118 1,720
Amortization of above and below market leases, net (104) (234)
Straight-line rent adjustment (3,355) (2,453)
Change in operating assets and liabilities    
Tenants and other receivables 484 1,034
Prepaid expenses, deferred expenses and other assets (248) (4,229)
Accounts payable, accrued expenses and other liabilities (8,818) (502)
Net cash (used in) provided by operating activities (16,771) 7,659
CASH FLOW FROM INVESTING ACTIVITIES    
Investment in unconsolidated joint ventures (9,140) (1,616)
Distributions from unconsolidated joint ventures 389 2,110
Net proceeds from sale of real estate 37,569 60,435
Development of real estate (85,413) (85,983)
Net cash used in by investing activities (56,595) (25,054)
CASH FLOW FROM FINANCING ACTIVITIES    
Repayment of mortgage loans payable   (73,034)
Payment of deferred financing costs   (363)
Purchase of shares related to stock grant recipients' tax withholdings (1,613)  
Preferred dividends paid (1,225)  
Common dividends paid (8,998) (8,877)
Non-controlling interests distributions paid (5,030) (5,055)
Net cash used in financing activities (16,866) (87,329)
Net decrease in cash, cash equivalents, and restricted cash (90,232) (104,724)
Cash, cash equivalents, and restricted cash, beginning of period 532,857 417,234
Cash, cash equivalents, and restricted cash, end of period 442,625 312,510
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 28,000 21,105
Capitalized interest 5,666 6,862
Income taxes paid 25 104
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Development of real estate financed with accounts payable 17,438 19,964
Common dividends and OP unit distributions declared and unpaid 14,026 14,046
Preferred dividends declared and unpaid 1,225  
Decrease in real estate, net resulting from deconsolidated properties    
Real estate, net (14,656) (58,190)
Tenants and other receivables, net (2)  
Prepaid expenses, deferred expenses and other assets, net (84)  
Accounts payable, accrued expenses and other liabilities 6  
Transfer to real estate assets held for sale 4,416  
Transfer of below market asset to Right of Use Asset (11,005)  
Recording of Lease Right of Use Assets 19,373  
Recording of Lease Liabilities (8,368)  
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 442,625 135,091
Restricted cash 0 177,419
Cash, cash equivalents, and restricted cash, end of period $ 442,625 $ 312,510