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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES    
Net income $ 4,865 $ 2,871
Results from discontinued operations   (107)
Income from continuing operations 4,865 2,764
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,163) (1,551)
Depreciation and amortization 17,013 14,854
Amortization of debt issuance costs and debt fair value adjustments 983 962
Stock-based compensation expense 676 699
Loss from real estate joint ventures 54  
Other, net (1,256) 416
Changes in operating assets and liabilities    
Change in restricted cash (500) (595)
Change in accounts receivable (1,198) 1,513
Change in other assets (216) (1,304)
Change in accounts payable and accrued expenses 5,956 408
Change in security deposits payable 211 (85)
Change in other liabilities and deferred credits 247 (209)
Net cash provided by operating activities of continuing operations 25,672 17,872
Net cash provided by operating activities of discontinued operations   628
Net cash provided by operating activities 25,672 18,500
INVESTING ACTIVITIES    
Acquisition of real estate, net of cash acquired   (32,918)
Capital expenditures (9,902) (5,990)
Change in restricted cash 518 (139)
Leasing commissions (338) (467)
Maturity of marketable securities   1,613
Net cash used in investing activities of continuing operations (9,722) (37,901)
Net cash used in investing activities of discontinued operations   (11)
Net cash used in investing activities (9,722) (37,912)
FINANCING ACTIVITIES    
Change in restricted cash (1,400)  
Issuance of secured notes payable   21,900
Repayment of secured notes payable (943) (1,161)
Debt issuance costs   (924)
Dividends paid to common stock and unitholders (12,114) (12,113)
Deferred offering costs   (361)
Net cash (used in) provided by financing activities (14,457) 7,341
Net increase (decrease) in cash and cash equivalents 1,493 (12,071)
Cash and cash equivalents, beginning of period 42,479 112,723
Cash and cash equivalents, end of period $ 43,972 $ 100,652