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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 66,659 $ 72,195 $ 39,185
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 202,714 190,435 177,859
Other amortization 3,793 4,381 3,013
Share-based compensation 10,729 9,922 12,275
Amortization of straight-line rent receivable (lessor) (5,801) (3,735) (3,000)
Amortization of straight-line rent on operating leases (lessee) 1,498 1,490 1,537
Gain on sales of real estate properties (55,940) (70,361) (25,101)
Loss on extinguishment of debt   21,503  
Impairment of real estate properties 17,101   5,617
Equity loss from unconsolidated joint ventures 795 463 19
Distributions from unconsolidated joint ventures 0 193 381
Proceeds from disposition of sales-type lease properties   244,454  
Non-cash interest from financing receivable (391) 0 0
Changes in operating assets and liabilities:      
Other assets, including right-of-use-assets (11,436) (727) (8,573)
Accounts payable and accrued liabilities (839) 4,555 2,752
Other liabilities 3,747 (4,679) 7,174
Net cash provided by operating activities 232,629 470,089 213,138
INVESTING ACTIVITIES      
Acquisitions of real estate (365,943) (397,349) (380,274)
Development of real estate (4,029) (3,089) (25,985)
Additional long-lived assets (100,689) (93,963) (64,670)
Investments in unconsolidated joint ventures (89,600) (65,663)  
Investment in financing receivable (186,433) 0 0
Proceeds from sales of real estate properties 184,221 4,898 52,401
Net cash used in investing activities (562,473) (555,166) (418,528)
FINANCING ACTIVITIES      
Net borrowings (repayments) on unsecured credit facility 210,000 (293,000) 31,000
Borrowings on term loan 0 150,000 50,000
Borrowings of notes and bonds payable   596,562  
Repayments of notes and bonds payable (24,557) (47,845) (13,857)
Redemption of notes and bonds payable   (270,386)  
Dividends paid (175,456) (162,557) (155,358)
Net proceeds from issuance of common stock 331,119 142,000 295,946
Common stock redemptions (3,803) (1,436) (5,097)
Settlement of treasury rate locks 0 (4,267) 0
Debt issuance and assumption costs (405) (5,931) (4,589)
Payments made on finance leases (9,182) (3,417) (379)
Net cash provided by financing activities 327,716 99,723 197,666
(Decrease) increase in cash and cash equivalents (2,128) 14,646 (7,724)
Cash and cash equivalents cash at beginning of period 15,303 657 8,381
Cash and cash equivalents at end of period 13,175 15,303 657
Supplemental Cash Flow Information      
Interest paid 49,443 52,787 53,978
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 11,790 36,536 0
Invoices accrued for construction, tenant improvements and other capitalized costs 17,655 14,935 17,294
Capitalized interest $ 221 $ 1,142 $ 1,411