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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 150,314,000 $ 103,052,000 $ 107,182,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 53,163,000 38,078,000 20,658,000
Amortization 3,472,000 2,611,000 247,000
Straight-line rental income (24,623,000) (16,463,000) (6,560,000)
Non-cash interest income on construction loan (411,000) 0 0
Unamortized debt premium written off 0 (1,655,000) 0
Write-off of debt issuance costs 0 2,145,000 416,000
Loan and realty losses (recoveries), net 491,000 0 (1,976,000)
Gain on sale of real estate (1,126,000) 0 (22,258,000)
Gain on purchase liability settlement 0 0 3,256,000
Net realized gains on sales of marketable securities (23,529,000) 0 0
Share-based compensation 2,134,000 2,020,000 2,339,000
Income from equity-method investee 1,767,000 71,000 (324,000)
Change in operating assets and liabilities:      
Equity-method investment and other assets 216,000 (2,334,000) (659,000)
Accounts payable and accrued expenses 1,038,000 1,448,000 2,495,000
Deferred income 2,501,000 (2,830,000) 1,937,000
Net cash provided by operating activities 164,425,000 126,143,000 104,193,000
Cash flows from investing activities:      
Investment in mortgage and other notes receivable (92,249,000) (4,447,000) (11,082,000)
Collection of mortgage and other notes receivable 21,495,000 1,456,000 18,976,000
Investment in real estate (106,315,000) (520,505,000) (635,971,000)
Investment in real estate development (14,641,000) (8,455,000) (11,926,000)
Investment in renovations of existing real estate (3,157,000) (4,211,000) (6,773,000)
Payments into facility repair escrows 0 (1,554,000) 0
Payment of real estate purchase liability 0 (2,600,000) 0
Proceeds from disposition of real estate properties 9,593,000 0 20,952,000
Purchases of marketable securities (8,458,000) 0 0
Proceeds from sales of marketable securities 57,406,000 0 0
Net cash used in investing activities 136,326,000 540,316,000 625,824,000
Cash flows from financing activities:      
Net change in borrowings under revolving credit facilities (340,000,000) 207,000,000 103,000,000
Proceeds from convertible senior notes 0 200,000,000 0
Proceeds from issuance of secured debt 78,084,000 38,007,000 0
Borrowings on term loan 325,000,000 130,000,000 330,000,000
Payments of term loans (742,000) (328,515,000) (99,655,000)
Debt issuance costs (2,608,000) (8,443,000) (5,867,000)
Proceeds from equity offering, net 49,114,000 270,798,000 282,542,000
Proceeds from exercise of stock options (1,000) 0 (146,000)
Distributions to noncontrolling interest (2,292,000) (2,049,000) (1,250,000)
Dividends paid to stockholders (124,657,000) (100,650,000) (85,145,000)
Net cash provided by (used in) financing activities (18,100,000) 406,148,000 523,771,000
(Decrease) increase in cash and cash equivalents 9,999,000 (8,025,000) 2,140,000
Cash and cash equivalents, beginning of year 3,287,000 11,312,000 9,172,000
Cash and cash equivalents, end of year 13,286,000 3,287,000 11,312,000
Supplemental disclosure of cash flow information:      
Interest Paid 31,289,000 22,172,000 7,964,000
Supplemental schedule of non-cash investing and financing activities:      
Settlement of mortgage note by real estate acquisition 0 0 13,741,000
Lease escrow deposits 0 0 22,775,000
Escrow deposit for tax deferred exchange 0 0 23,813,000
Tax deferred exchange funds applied to investment in real estate 0 23,813,000 0
Conditional consideration in asset acquisition 750,000 3,000,000 1,600,000
Settlement of contingent asset acquisition liability (3,000,000) 0 0
Accounts payable increase due to investments in real estate 1,076,000 2,091,000 3,086,000
Accounts payable increase due to escrow deposits 0 2,062,000 0
Reclass of note balance into real estate investment 255,000 0 0
Assumption of debt in real estate acquisition 0 7,858,000 80,528,000
Assignment of net assets in equity-method investee 0 0 817,000
Conversion of investment in preferred stock to common $ 38,132,000 $ 0 $ 0