XML 20 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flow from operating activities:    
Net loss $ (33,822,000) $ (3,707,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Equity in income of unconsolidated joint ventures (825,000) (835,000)
Distributions from unconsolidated joint ventures 557,000 548,000
Write-off of investment in unconsolidated joint venture 7,961,000  
Impairments   2,117,000
Acquisition transaction costs and terminated projects 1,242,000 1,273,000
Impairment - discontinued operations 22,544,000 3,238,000
Gain on sales of real estate (502,000) (170,000)
Straight-line rents (998,000) (1,424,000)
Provision for doubtful accounts 1,765,000 1,518,000
Depreciation and amortization 21,466,000 23,753,000
Amortization of intangible lease liabilities (2,995,000) (5,427,000)
Amortization (including accelerated write-off) and market price adjustments relating to stock-based compensation 3,128,000 1,236,000
Amortization (including accelerated write-off of deferred financing costs) 2,143,000 2,493,000
Increases/decreases in operating assets and liabilities:    
Rents and other receivables, net (4,405,000) (2,875,000)
Joint venture settlements 126,000 (2,426,000)
Prepaid expenses and other (383,000) 1,340,000
Accounts payable and accrued expenses (3,436,000) (3,894,000)
Net cash provided by operating activities 13,566,000 16,758,000
Cash flow from investing activities:    
Expenditures for real estate and improvements (63,158,000) (15,512,000)
Net proceeds from sales of real estate 11,577,000 2,056,000
Net proceeds from transfers to unconsolidated Cedar/RioCan joint venture, less cash at dates of transfer 2,894,000 31,513,000
Investments in and advances to unconsolidated joint ventures (4,183,000) (4,302,000)
Distributions of capital from unconsolidated joint ventures 2,996,000 1,559,000
Increase in loans and other receivables (4,729,000)  
Construction escrows and other (1,825,000) 1,156,000
Net cash (used in) provided by investing activities (56,428,000) 16,470,000
Cash flow from financing activities:    
Net advances/(repayments) from/(to) revolving credit facilities 34,500,000 (89,844,000)
Proceeds from mortgage financings 29,291,000 16,242,000
Mortgage repayments (4,762,000) (16,457,000)
Payments of debt financing costs   (998,000)
Termination payment related to interest rate swaps   (5,476,000)
Noncontrolling interests:    
Contribution from consolidated joint venture minority interests 269,000  
Distributions to consolidated joint venture minority interests (1,973,000) (660,000)
Redemptions of Operating Partnership Units   (485,000)
Distributions to limited partners (255,000) (353,000)
Net proceeds from the sales of common stock 4,299,000 65,913,000
Exercise of warrant   10,000,000
Preferred stock distributions (7,099,000) (3,938,000)
Distributions to common shareholders (12,148,000) (10,542,000)
Net cash provided by (used in) financing activities 42,122,000 (36,598,000)
Net (decrease) in cash and cash equivalents (740,000) (3,370,000)
Cash and cash equivalents at beginning of period 14,166,000 17,164,000
Cash and cash equivalents at end of period $ 13,426,000 $ 13,794,000