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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (3,731) $ (4,799)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,537 1,561
Amortization of deferred financing costs 80 70
Amortization of restricted stock and restricted stock units 538 438
Equity in loss of unconsolidated joint ventures 1,345 1,815
Increases and decreases from changes in other assets and liabilities:    
Decrease (increase) in other assets 470 (331)
Increase in accounts payable and accrued liabilities (87) 1,803
Net cash provided by operating activities 152 557
Cash flows from investing activities:    
Collections from real estate loan 0 150
Improvements to real estate properties (223) (323)
Distributions from unconsolidated joint ventures 3,881 3,010
Contributions to unconsolidated joint ventures 0 (13,700)
Net cash provided by (used in) investing activities 3,658 (10,863)
Cash flows from financing activities:    
Mortgage principal payments (801) (756)
Dividends paid (3,777) (3,778)
Distributions to non-controlling interests 0 (89)
Proceeds from the sale of common stock 0 12,077
Repurchase of shares of common stock 0 (616)
Net cash (used in) provided by financing activities (4,578) 6,838
Net decrease in cash, cash equivalents and restricted cash (768) (3,468)
Cash, cash equivalents and restricted cash at beginning of period 28,685 32,418
Cash, cash equivalents and restricted cash at end of period 27,917 28,950
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,587 1,810
Cash paid for income taxes 6 10
Reclassification of property to held for sale 16,800 0
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.    
Total cash, cash equivalents and restricted cash, shown in consolidated statement of cash flows $ 27,917 $ 28,950