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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net income (loss) $ (2,425) $ 5,327
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 29,515 17,690
Depreciation and amortization - discontinued operations 45 714
Amortization of above market leases 848 1,126
Amortization of below market leases - discontinued operations 0 (32)
Amortization of loan costs 481 537
Share-based compensation expense 89 157
Deferred income tax benefit (568) (245)
Gain on sale of real estate investments (542) (5,575)
Equity in loss of unconsolidated joint ventures - discontinued operations 0 20
Change in fair value of contingent consideration 0 216
Increase in deferred leasing costs (2,304) (1,792)
Changes in operating assets and liabilities:    
Change in receivables and other assets (10,747) 8,468
Change in accounts payable and other liabilities 2,879 (11,045)
Net cash provided by operating activities 17,271 15,566
Investing activities    
Distributions from unconsolidated joint ventures 0 120
Investment in real estate (184,174) (128,873)
Proceeds from sale of real estate 2,966 110,754
Improvements to real estate (8,457) (7,911)
Net cash used in investing activities (189,665) (25,910)
Financing activities    
Principal payments on mortgage notes payable (2,385) (18,033)
Proceeds from mortgage notes payable 164,500 73,500
Proceeds from bank borrowings 28,299 30,126
Payments on bank borrowings (165,299) (114,448)
Debt financing costs (975) (2,169)
Purchase of Company stock (35) (113)
Dividends paid on common stock (8,380) (1,657)
Dividends paid on preferred stock (2,711) (2,711)
Contributions from noncontrolling interest partners 0 2,731
Distributions to noncontrolling interest partners (56,863) (566)
Proceeds from stock offerings, net of transaction costs 208,947 (10)
Net cash provided by (used in) financing activities 165,098 (33,350)
Change in cash and cash equivalents (7,296) (43,694)
Cash and cash equivalents at beginning of period 81,856 75,183
Cash and cash equivalents at end of period $ 74,560 $ 31,489