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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 16,829 $ 17,077
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of deferred leasing costs 11,281 11,643
Amortization of deferred debt costs 373 384
Compensation costs of stock grants and options 427 419
Credit losses on operating lease receivables 130 238
Decrease in accounts receivable and accrued income 2,187 2,035
Additions to deferred leasing costs (4,764) (554)
Decrease in prepaid expenses 1,752 1,111
Increase in other assets (304) (2,500)
Increase in accounts payable, accrued expenses and other liabilities 2,759 5,158
Decrease in deferred income (4,620) (3,370)
Net cash provided by operating activities 26,050 31,641
Cash flows from investing activities:    
Acquisitions of real estate investments 0 (24)
Additions to real estate investments (8,516) (2,874)
Additions to development and redevelopment projects (13,072) (20,525)
Net cash used in investing activities (21,588) (23,423)
Cash flows from financing activities:    
Proceeds from notes payable 0 22,100
Repayments on notes payable (23,352) (29,030)
Proceeds from revolving credit facility 40,000 19,000
Repayments on revolving credit facility (3,000) (26,000)
Proceeds from construction loan 13,862 15,217
Additions to deferred debt costs (33) (397)
Proceeds from the issuance of:    
Common stock 4,610 6,171
Partnership units 734 705
Distributions to:    
Common stockholders (12,275) (12,005)
Noncontrolling interests (4,180) (4,148)
Net cash provided by (used in) financing activities 13,568 (11,340)
Net increase (decrease) in cash and cash equivalents 18,030 (3,122)
Cash and cash equivalents, beginning of period 13,905 14,578
Cash and cash equivalents, end of period 31,935 11,456
Supplemental disclosure of cash flow information:    
Cash paid for interest 9,319 10,647
Increase (decrease) in accrued real estate investments and development costs (2,836) 10,048
Series D Cumulative Redeemable Preferred Stock    
Distributions to:    
Preferred stockholders (1,148) (1,148)
Series C Cumulative Preferred Stock    
Distributions to:    
Preferred stockholders 0 (1,805)
Series E Cumulative Redeemable Preferred Stock    
Distributions to:    
Preferred stockholders $ (1,650) $ 0