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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 3,881 $ 11,056
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including discontinued operations 41,398 25,684
Amortization of deferred financing fees, including discontinued operations 773 687
Income tax provision 16 30
Loss from unconsolidated joint ventures 791 5,414
Distributions received from operations of unconsolidated joint ventures 1,353 1,798
Loss on extinguishment of debt, including discontinued operations 860 0
Deferred gain recognized on real estate (117) (5,282)
Gain on sale of real estate, including discontinued operations (2,672) (5,451)
Amortization of premium on mortgages, net (347) (186)
Share-based compensation expense 1,060 1,076
Long-term incentive cash compensation expense 1,071 700
Changes in assets and liabilities:    
Accounts receivable, net (1,068) 660
Other assets, net 675 202
Accounts payable, accrued expenses and other liabilities 526 7,151
Net cash provided by operating activities 48,200 43,539
INVESTING ACTIVITIES    
Acquisition of real estate, net of assumed debt 0 (202,096)
Development and capital improvements (34,776) (18,196)
Net proceeds from sales of real estate 9,883 18,960
Distributions from sale of joint venture property 0 1,687
Increase in restricted cash (11,461) (940)
Investment in unconsolidated joint ventures 0 (4,979)
Net cash used in investing activities (36,354) (205,564)
FINANCING ACTIVITIES    
Proceeds on mortgages and notes payable 175,000 160,000
Repayment of mortgages and notes payable (151,672) (116,064)
Net repayments on revolving credit facility (27,000) (37,000)
Payment of deferred financing costs (762) (1,319)
Proceeds from issuance of common stock 49,890 178,295
Repayment of capitalized lease obligation (176) (166)
Conversion of operating partnership units for cash 0 (1,207)
Dividends paid to preferred shareholders (3,625) (3,625)
Dividends paid to common shareholders (25,367) (18,302)
Distributions paid to operating partnership unit holders (844) (778)
Net cash provided by financing activities 15,444 159,834
Net change in cash and cash equivalents 27,290 (2,191)
Cash and cash equivalents at beginning of period 5,795 4,233
Cash and cash equivalents at end of period 33,085 2,042
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY    
Assumption of debt related to acquisitions 0 158,767
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest (net of capitalized interest of $884 and $457 in 2014 and 2013, respectively) 16,284 13,811
Cash paid for federal income taxes $ 0 $ 0