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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (66,245) $ 2,413
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 89,115 89,736
Amortization 10,154 12,152
Straight-line rent adjustments (1,779) (2,084)
Amortization of deferred compensation 5,021 5,633
Gain on debt extinguishment, net 0 (24,832)
Gain on derecognition of property (7,006) 0
Insurance recoveries in excess of property loss 0 (3,994)
Gain on sales of interests in real estate and non-operating real estate, net (10,995) (2,684)
Equity in loss (income) of partnerships 2,798 (6,136)
Gain on sales of real estate by equity method investee 0 (553)
Cash distributions from partnerships 1,285 19,223
Impairment of development land parcel 0 1,464
Change in assets and liabilities:    
Net change in other assets (30,657) (5,248)
Net change in other liabilities (514) (5,417)
Net cash (used in) provided by operating activities (8,823) 79,673
Cash flows from investing activities:    
Distribution of refinancing proceeds from equity method investee 0 25,000
Cash proceeds from sales of real estate 21,951 35,351
Cash proceeds from sale of mortgage 0 8,000
Proceeds from insurance claims related to damage to real estate assets 0 6,977
Cash distributions from partnerships of proceeds from real estate sold 0 879
Additions to construction in progress (31,478) (86,118)
Investments in real estate improvements (16,429) (21,487)
Additions to leasehold improvements and corporate fixed assets (4,863) (819)
Investments in equity method investees (30,228) (55,221)
Capitalized leasing costs (150) (413)
Net cash used in investing activities (61,197) (87,851)
Cash flows from financing activities:    
Net borrowings under revolving facilities 120,000 148,000
Net repayments to term loans (12,000) 0
Repayments of mortgage loans and finance lease liabilities (487) (71,210)
Proceeds from notes payable 4,536 0
Principal installments on mortgage loans (9,535) (12,806)
Net borrowings under bridge facility 22,500 0
Payment of deferred financing costs (35) (95)
Value of shares of beneficial interest issued 572 978
Dividends paid to common shareholders (18,081) (47,492)
Dividends paid to preferred shareholders (13,688) (20,531)
Distributions paid to Operating Partnership unit holders and noncontrolling interest (465) (2,587)
Value of shares retired under equity incentive plans, net of shares issued (466) (632)
Net cash provided by (used in) financing activities 92,851 (6,375)
Net change in cash, cash equivalents, and restricted cash 22,831 (14,553)
Cash, cash equivalents, and restricted cash, beginning of period 19,629 32,445
Cash, cash equivalents, and restricted cash, end of period $ 42,460 $ 17,892