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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 69,655 $ 55,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,440 27,989
Income from acquired leasehold interest (39,215) 0
Real estate impairment loss 3,467 0
Loss on extinguishment of debt 1,274 0
Amortization of deferred financing costs 1,451 1,382
Amortization of below market leases, net (4,107) (3,749)
Straight-lining of rent 520 (225)
Share-based compensation expense 3,359 2,721
Gain on sale of real estate 0 (15,618)
Provision for doubtful accounts 1,099 845
Change in operating assets and liabilities:    
Tenant and other receivables (4,994) 1,425
Deferred leasing costs (2,047) 0
Prepaid and other assets 1,596 1,425
Accounts payable and accrued expenses 9,953 (6,790)
Other liabilities 1,847 1,454
Net cash provided by operating activities 83,298 66,718
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate additions (35,994) (27,545)
Acquisition of real estate (211,393) 0
Proceeds from sale of operating properties 4,790 19,938
Net cash used in investing activities (242,597) (7,607)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (83,845) (29,699)
Dividends paid to shareholders (45,435) (39,589)
Distributions to redeemable noncontrolling interests (3,940) (2,474)
Debt issuance costs (3,567) 0
Taxes withheld for vested restricted shares (287) (33)
Proceeds from issuance of common shares 193,516 326
Proceeds from borrowings 225,500 0
Net cash provided by (used in) financing activities 281,942 (71,469)
Net increase (decrease) in cash and cash equivalents and restricted cash 122,643 (12,358)
Cash and cash equivalents and restricted cash at beginning of period 140,186 178,025
Cash and cash equivalents and restricted cash at end of period 262,829 165,667
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest (includes amounts capitalized of $1,946 and $1,631, respectively) 26,051 25,773
Cash payments for income taxes 1,237 1,249
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of real estate through issuance of OP units 171,084 0
Acquisition of real estate through assumption of debt 69,659 0
Accrued capital expenditures included in accounts payable and accrued expenses 13,344 10,093
Write-off of fully depreciated assets 910 683
Cash and cash equivalents and restricted cash at end of period 140,186 178,025
Urban Edge Properties LP    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 69,655 55,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,440 27,989
Income from acquired leasehold interest (39,215) 0
Real estate impairment loss 3,467 0
Loss on extinguishment of debt 1,274 0
Amortization of deferred financing costs 1,451 1,382
Amortization of below market leases, net (4,107) (3,749)
Straight-lining of rent 520 (225)
Share-based compensation expense 3,359 2,721
Gain on sale of real estate 0 (15,618)
Provision for doubtful accounts 1,099 845
Change in operating assets and liabilities:    
Tenant and other receivables (4,994) 1,425
Deferred leasing costs (2,047) 0
Prepaid and other assets 1,596 1,425
Accounts payable and accrued expenses 9,953 (6,790)
Other liabilities 1,847 1,454
Net cash provided by operating activities 83,298 66,718
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate additions (35,994) (27,545)
Acquisition of real estate (211,393) 0
Proceeds from sale of operating properties 4,790 19,938
Net cash used in investing activities (242,597) (7,607)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (83,845) (29,699)
Distributions to partners (49,375) (42,063)
Debt issuance costs (3,567) 0
Taxes withheld for vested restricted shares (287) (33)
Proceeds from issuance of common shares 193,516 326
Proceeds from borrowings 225,500 0
Net cash provided by (used in) financing activities 281,942 (71,469)
Net increase (decrease) in cash and cash equivalents and restricted cash 122,643 (12,358)
Cash and cash equivalents and restricted cash at beginning of period 140,186 178,025
Cash and cash equivalents and restricted cash at end of period 262,829 165,667
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest (includes amounts capitalized of $1,946 and $1,631, respectively) 26,051 25,773
Cash payments for income taxes 1,237 1,249
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of real estate through issuance of OP units 171,084 0
Acquisition of real estate through assumption of debt 69,659 0
Accrued capital expenditures included in accounts payable and accrued expenses 13,344 10,093
Write-off of fully depreciated assets 910 683
Cash and cash equivalents and restricted cash at end of period $ 140,186 $ 178,025