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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 51,563 $ 50,001
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on early extinguishment of debt 0 648
Depreciation and amortization of deferred leasing costs 36,227 36,899
Amortization of deferred debt costs 1,687 1,428
Compensation costs of stock and option grants 1,134 1,220
Credit losses (recoveries) on operating lease receivables, net 160 (20)
Increase in accounts receivable and accrued income (731) (3)
Additions to deferred leasing costs (3,856) (1,417)
Increase in other assets (4,304) (1,531)
Increase in accounts payable, accrued expenses and other liabilities 3,352 4,085
Increase (decrease) in deferred income (192) 699
Net cash provided by operating activities 85,040 92,009
Cash flows from investing activities:    
Additions to real estate investments (18,612) (12,215)
Additions to development and redevelopment projects (128,655) (72,294)
Net cash used in investing activities (147,267) (84,509)
Cash flows from financing activities:    
Proceeds from notes payable 15,300 199,750
Repayments on notes payable (33,910) (166,290)
Proceeds from revolving credit facility 113,000 119,000
Repayments on revolving credit facility (26,000) (97,000)
Proceeds from construction loan 53,306 0
Payments of debt extinguishment costs 0 (593)
Additions to deferred debt costs (423) (9,800)
Proceeds from the issuance of:    
Common stock 1,642 7,629
Partnership units 0 1,322
Distributions to:    
Common stockholders (42,527) (41,364)
Noncontrolling interests (16,458) (16,062)
Net cash provided by (used in) financing activities 55,534 (11,803)
Net decrease in cash and cash equivalents (6,693) (4,303)
Cash and cash equivalents, beginning of period 13,279 14,594
Cash and cash equivalents, end of period 6,586 10,291
Supplemental disclosure of cash flow information:    
Cash paid for interest 34,424 30,295
Accrued capital expenditures included in accounts payable, accrued expenses, and other liabilities 33,495 13,955
Series D Cumulative Redeemable, 30,000 shares issued and outstanding    
Distributions to:    
Preferred stockholders (3,446) (3,445)
Series E Cumulative Redeemable, 44,000 shares issued and outstanding    
Distributions to:    
Preferred stockholders $ (4,950) $ (4,950)