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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,305 $ (10,038)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 3,776 3,769
Straight-line rental income 10 (307)
Other amortization 636 582
Share-based compensation 3,176 6,687
Change in assets and liabilities:    
Rents receivable and other assets (1,265) 269
Accounts payable, accrued expenses and other (4,468) 535
Rent collected in advance (254) 51
Net cash provided by operating activities 2,916 1,548
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (650) (3,607)
Net cash used in investing activities (650) (3,607)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common shares (77,877) (6,093)
Contributions from holders of noncontrolling interest 1 0
Distributions to common shareholders (1,462) (6,024)
Distributions to preferred shareholders (1,997) (1,997)
Net cash used in financing activities (81,335) (14,114)
Decrease in cash, cash equivalents, and restricted cash (79,069) (16,173)
Cash, cash equivalents, and restricted cash at beginning of period 2,800,998 2,987,225
Cash and cash equivalents at end of period 2,721,929 2,971,052
SUPPLEMENTAL CASH FLOW INFORMATION:    
Taxes refunded, net (12) (12)
NON-CASH INVESTING ACTIVITIES:    
Accrued capital expenditures 703 840
NON-CASH FINANCING ACTIVITIES:    
Distributions payable $ 514 $ 5,072