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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,208 $ (11,978)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 7,476 7,531
Straight-line rental income (90) (868)
Other amortization 1,249 1,252
Share-based compensation 6,169 9,601
Change in assets and liabilities:    
Rents receivable and other assets (2,336) 327
Accounts payable, accrued expenses and other (1,507) (2,199)
Rent collected in advance (1,223) (555)
Net cash provided by operating activities 13,946 3,111
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (2,527) (4,074)
Payment of transaction costs 0 (3,382)
Net cash used in investing activities (2,527) (7,456)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common shares (115,459) (7,041)
Contributions from holders of noncontrolling interest 1 0
Distributions to common shareholders (1,462) (6,024)
Distributions to preferred shareholders (3,994) (3,994)
Distributions to holders of noncontrolling interest 0 (33)
Net cash used in financing activities (120,914) (17,092)
Decrease in cash and cash equivalents (109,495) (21,437)
Cash and cash equivalents at beginning of period 2,800,998 2,987,225
Cash and cash equivalents at end of period 2,691,503 2,965,788
SUPPLEMENTAL CASH FLOW INFORMATION:    
Taxes paid, net 108 263
NON-CASH INVESTING ACTIVITIES:    
Accrued capital expenditures 315 854
NON-CASH FINANCING ACTIVITIES:    
Distributions payable $ 1,276 $ 2,850