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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (2,693) $ (16,685)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, including amortization of capitalized loan costs 37,136 40,345
(Gain) loss on sale of real estate, other investments, and discontinued operations (669) (16,133)
(Gain) loss on litigation settlement (2,286) 0
Share-based compensation expense 981 611
Impairment of real estate investments 0 17,809
Other, net 1,350 1,255
Changes in other assets and liabilities:    
Other assets (1,745) 4,741
Accounts payable and accrued expenses (3,468) (2,789)
Net cash provided by (used by) operating activities 28,606 29,154
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in notes receivable (159) (7,509)
Proceeds from sale of real estate and other investments 9,882 34,831
Payments for acquisitions of real estate assets (29,918) (129,737)
Payments for improvements of real estate assets (6,317) (7,747)
Other investing activities 282 690
Net cash provided by (used by) investing activities (26,230) (109,472)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgages payable (74,614) (60,757)
Proceeds from revolving lines of credit 146,439 99,000
Principal payments on revolving lines of credit (26,000) (169,000)
Principal payments on construction debt 0 (21,689)
Payments for acquisition of noncontrolling interests – consolidated real estate entities (1,260) 0
Repurchase of common shares (15,677) (3,415)
Repurchase of partnership units (8,124) (2,747)
Distributions paid to common shareholders (16,583) (16,764)
Distributions paid to preferred shareholders (1,705) (3,410)
Distributions paid to preferred unitholders (57) 0
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership (1,914) (1,977)
Distributions paid to noncontrolling interests – consolidated real estate entities (59) (244)
Net cash provided by (used by) financing activities 446 (181,003)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 2,822 (261,321)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 19,256 286,226
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 22,078 24,905
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures 499 1,569
Property acquired through issuance of Series D preferred units 16,560 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 15,044 15,367
Common Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid 9,038 8,358
Preferred Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid 1,706 1,706
Preferred Units    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid $ 160 $ 0