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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 4,315 $ 4,891
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,497 42,662
Other amortization 1,491 727
Share-based compensation 2,599 2,639
Amortization of straight-line rent receivable (lessor) (1,043) (668)
Amortization of straight-line rent on operating leases (lessee) 375 390
(Gain) loss on sales of real estate assets 49 (15)
Loss from unconsolidated joint ventures 11 10
Distributions from unconsolidated joint ventures 118 88
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (4,032) (4,971)
Accounts payable and accrued liabilities (10,005) (10,276)
Other liabilities (2,931) (673)
Net cash provided by operating activities 38,444 34,804
INVESTING ACTIVITIES    
Acquisitions of real estate (83,580) (91,787)
Development of real estate (2,451) (5,712)
Additional long-lived assets (22,164) (11,741)
Net cash used in investing activities (108,195) (109,240)
FINANCING ACTIVITIES    
Net repayments on unsecured credit facility (78,000) (2,000)
Borrowings of notes and bonds payable 298,995  
Repayments on notes and bonds payable (7,202) (1,193)
Dividends paid (40,416) (37,614)
Net proceeds from issuance of common stock 7,213 120,617
Common stock redemptions (892) (2,442)
Settlement of treasury rate locks (4,267)  
Debt issuance and assumption costs (2,646)  
Payments made on finance leases (321) 0
Net cash provided by financing activities 172,464 77,368
Increase in cash and cash equivalents 102,713 2,932
Cash and cash equivalents at beginning of period 657 8,381
Cash and cash equivalents at end of period 103,370 11,313
Supplemental Cash Flow Information    
Interest paid 11,428 11,071
Invoices accrued for construction, tenant improvements and other capitalized costs 12,830 13,509
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 19,269  
Capitalized interest $ 421 $ 307