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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 49,429 $ 30,817
Adjustments to reconcile net earnings to net cash flow provided by operating activities:    
Depreciation and amortization expense 19,552 17,085
Impairment charges 1,429 1,532
Gain on dispositions of real estate (7,302) (7,478)
Deferred rent receivable (1,582) (1,514)
Amortization of above-market and below-market leases 9 (84)
Amortization of investment in direct financing leases 2,598 2,343
Amortization of debt issuance costs 468 518
Accretion expense 822 863
Stock-based compensation 2,316 1,937
Changes in assets and liabilities:    
Accounts receivable (180) 391
Prepaid expenses and other assets (1,047) (822)
Environmental remediation obligations (19,867) (3,032)
Accounts payable and accrued liabilities (3,236) (2,552)
Net cash flow provided by operating activities 43,409 40,004
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property acquisitions (54,198) (63,304)
Capital expenditures   (214)
Addition to construction in progress (33) (151)
Proceeds from dispositions of real estate 10,698 8,781
Deposits for property acquisitions   2,966
Issuance of notes and mortgages receivable (4,825) (11,083)
Collection of notes and mortgages receivable 721 911
Net cash flow used in investing activities (47,637) (62,094)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under credit agreement 15,000 30,000
Repayments under credit agreement (75,000) (37,500)
Proceeds from senior unsecured notes 100,000  
Payment of debt issuance costs (588)  
Payment of finance lease obligations (230) (347)
Security deposits refunded (47) (165)
Payments of cash dividends (39,055) (34,986)
Payments in settlement of restricted stock units (496) (728)
Net cash flow provided by (used in) financing activities (499) (14,148)
Change in cash, cash equivalents and restricted cash (4,727) (36,238)
Cash, cash equivalents and restricted cash at beginning of period 26,461 57,054
Cash, cash equivalents and restricted cash at end of period 21,734 20,816
Supplemental disclosures of cash flow information Cash paid during the period for:    
Interest 12,813 11,753
Income taxes 631 352
Environmental remediation obligations 2,333 1,994
Non-cash transactions:    
Dividends declared but not yet paid 19,619 17,785
Issuance of notes and mortgages receivable related to property dispositions 1,050  
ATM Program [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net $ (83) $ 29,578