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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 38,640 $ 49,155
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of deferred leasing costs 37,593 35,185
Amortization of deferred debt costs 1,163 1,130
Compensation costs of stock grants and options 1,141 1,501
Credit losses on operating lease receivables 4,162 986
Increase in accounts receivable and accrued income (17,552) (2,317)
Additions to deferred leasing costs (7,383) (1,380)
Increase in prepaid expenses (3,024) (4,182)
(Increase) decrease in other assets 738 (2,049)
Increase in accounts payable, accrued expenses and other liabilities 3,871 5,696
Decrease in deferred income (2,579) (1,627)
Net cash provided by operating activities 56,770 82,098
Cash flows from investing activities:    
Additions to real estate investments (13,665) (13,398)
Additions to development and redevelopment projects (34,698) (91,657)
Net cash used in investing activities (48,363) (105,055)
Cash flows from financing activities:    
Proceeds from notes payable 52,100 22,100
Repayments on notes payable (37,431) (55,992)
Proceeds from revolving credit facility 90,000 47,000
Repayments on revolving credit facility (53,000) (94,000)
Proceeds from construction loan 32,928 71,807
Additions to deferred debt costs (1,196) (432)
Proceeds from the issuance of:    
Common stock 5,440 19,096
Partnership units 1,114 2,454
Distributions to:    
Common stockholders (37,012) (36,326)
Noncontrolling interests (12,556) (12,469)
Net cash provided by financing activities 31,993 60,648
Net increase (decrease) in cash and cash equivalents 40,400 37,691
Cash and cash equivalents, beginning of period 13,905 14,578
Cash and cash equivalents, end of period 54,305 52,269
Supplemental disclosure of cash flow information:    
Cash paid for interest 32,951 31,266
Increase (decrease) in accrued real estate investments and development costs (11,196) 1,507
Series C Cumulative Preferred Stock    
Distributions to:    
Preferred stockholders 0 (5,415)
Series D Cumulative Redeemable Preferred Stock    
Distributions to:    
Preferred stockholders (3,444) (3,444)
Series E Cumulative Redeemable Preferred Stock    
Proceeds from the issuance of:    
Series E preferred stock 0 106,269
Distributions to:    
Preferred stockholders $ (4,950) $ 0