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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (13,279) $ (40,594)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of capitalized loan costs 29,232 14,627
Depreciation and amortization from discontinued operations, including amortization of capitalized loan costs 6 40
Gain on sale of real estate, land, other investments and discontinued operations (124) (8,958)
Loss on extinguishment of debt 66  
Share-based compensation expense 376 262
Impairment of real estate investments 256 54,153
Bad debt expense 171 263
Changes in other assets and liabilities:    
Receivable arising from straight-lining of rents (33) (736)
Accounts receivable 32 (1,503)
Prepaid and other assets 1,022 694
Tax, insurance and other escrow 369 256
Deferred charges and leasing costs (292) (303)
Accounts payable, accrued expenses and other liabilities (1,974) (2,446)
Net cash provided by operating activities 15,828 15,755
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from real estate deposits 23,659  
Increase in notes receivable (3,000)  
Decrease in other investments   50
Decrease in lender holdbacks for improvements 652 735
Increase in lender holdbacks for improvements (257) (346)
Proceeds from sale of real estate and other investments 3,300 13,874
Insurance proceeds received 542 30
Payments for acquisitions of real estate assets (61,734)  
Payments for development and re-development of real estate assets (2,219) (5,458)
Payments for improvements of real estate assets (5,487) (11,292)
Net cash used by investing activities (44,544) (2,407)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgages payable   905
Principal payments on mortgages payable (25,273) (13,127)
Proceeds from revolving lines of credit 72,350  
Principal payments on revolving lines of credit (3,500)  
Proceeds from construction debt 1,606 6,906
Proceeds from noncontrolling partner - consolidated real estate entities   572
Repurchase of common shares (3,936)  
Repurchase of partnership units (5,735)  
Distributions paid to common shareholders (8,444) (15,742)
Distributions paid to preferred shareholders (2,285) (2,879)
Distributions paid to noncontrolling interests - Unitholders of the Operating Partnership (1,065) (2,117)
Distributions paid to noncontrolling interests - consolidated real estate entities (20) (126)
Net cash provided (used) by financing activities 23,698 (25,608)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,018) (12,260)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 28,819 66,698
CASH AND CASH EQUIVALENTS AT END OF PERIOD 23,801 54,438
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
(Decrease) increase to accounts payable included within real estate investments (1,377) 3,768
Construction debt reclassified to mortgages payable 23,300 10,549
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest, net of amounts capitalized of $0 and $153, respectively $ 8,125 $ 10,195