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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended 18 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Jun. 30, 2018
Cash flows from operating activities            
Net income $ 1,719 $ 1,203 $ 3,534 $ 2,744    
Adjustments to reconcile net income to net cash provided by operating activities            
Depreciation and amortization 14,588 13,272 29,222 26,141    
Straight line rent     (3,073) (493)    
Amortization of above- / below-market leases     (4,518) (4,218)    
Amortization of unearned revenue     (52) (55)    
Amortization of loan premium / discount     (42) (42)    
Amortization of deferred financing costs     605 516    
Non-cash compensation     1,576 1,467    
Net change in:            
Rents receivable     1,742 787    
Accounts receivable     1,149 (923)    
Prepaid expenses and other assets     (1,988) (1,698)    
Accounts payable and accrued liabilities     459 318    
Net cash provided by operating activities     28,614 24,544    
Cash flows from investing activities            
Real estate acquisitions and deposits     (20,576) (249,492)    
Additions to operating properties     (2,425) (901)    
Additions to development properties     (21,125) (3,911)    
Net cash used in investing activities     (44,126) (254,304)    
Cash flows from financing activities            
Payment of deferred financing costs     (3,070) (3,225)    
Issuance of common shares     297,805 1,886    
Credit facility draws     19,000 108,000    
Credit facility repayments     (118,750) (252,167)    
Term loan draws       100,000    
Issuance of notes payable       175,000    
Issuance of mortgage notes payable       127,500    
Repayments of mortgage notes payable     (1,560) (1,473)    
Dividends and distributions paid     (29,196) (22,564)    
Payment of offering costs     (11,083) (24)    
Net cash provided by financing activities     153,146 232,933    
Net increase in Cash and cash equivalents and Restricted cash     137,634 3,173    
Cash and cash equivalents and Restricted cash, beginning of period     16,201 6,491 $ 6,491 $ 6,491
Cash and cash equivalents and Restricted cash, end of period 153,835 9,664 153,835 9,664 $ 16,201 $ 153,835
Supplemental disclosure of cash flow information is as follows (amounts in thousands):            
Cash paid for interest, net of capitalized interest     10,766 5,149    
Financing costs accrued, not paid     137 173    
Offering costs accrued, not paid     246      
Deferred asset acquisition costs accrued, not paid     256      
Unrealized gain (loss) on interest rate swaps, net $ 662 $ (694) 2,521 (586)    
Debt assumed on acquisition of operating property     9,414      
Exchange of Common Units for Shares of Common Stock            
Non-controlling interest in Operating Partnership     (3,039) (19,866)    
Common stock     2 13    
Additional paid-in capital     3,037 19,853    
Operating Properties [Member]            
Supplemental disclosure of cash flow information is as follows (amounts in thousands):            
Additions to properties accrued, not paid     652 229    
Development Properties [Member]            
Supplemental disclosure of cash flow information is as follows (amounts in thousands):            
Additions to properties accrued, not paid     $ 7,419 $ 11