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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 4,891 $ 9,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,662 39,573
Other amortization 727 584
Share-based compensation 2,639 2,822
Amortization of straight-line rent receivable (lessor) (668) (1,722)
Amortization of straight-line rent on operating leases (lessee) 390 384
Gain on sales of real estate assets (15)  
Equity from unconsolidated joint ventures loss 10 10
Distributions from unconsolidated joint ventures 88 37
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (4,971) (4,193)
Accounts payable and accrued liabilities (10,276) (6,949)
Other liabilities (673) 1,094
Net cash provided by operating activities 34,804 40,820
INVESTING ACTIVITIES    
Acquisitions of real estate (91,787) (1,756)
Development of real estate (5,712) (7,573)
Additional long-lived assets (11,741) (16,764)
Proceeds from notes receivable repayments 0 5
Net cash used in investing activities (109,240) (26,088)
FINANCING ACTIVITIES    
Net (repayments) borrowings on unsecured credit facility (2,000) 24,000
Repayments on notes and bonds payable (1,193) (1,154)
Dividends paid (37,614) (37,556)
Net proceeds from issuance of common stock 120,617 236
Common stock redemptions (2,442) (2,633)
Debt issuance and assumption costs   (44)
Net cash provided by (used in) financing activities 77,368 (17,151)
Increase (decrease) in cash and cash equivalents 2,932 (2,419)
Cash and cash equivalents at beginning of period 8,381 6,215
Cash and cash equivalents at end of period 11,313 3,796
Supplemental Cash Flow Information:    
Interest paid 11,071 3,899
Invoices accrued for construction, tenant improvements and other capitalized costs 13,509 8,592
Capitalized interest $ 307 $ 186