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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 185,311,000 $ 160,449,000 $ 154,333,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 83,150,000 76,816,000 71,349,000
Amortization 5,392,000 5,117,000 4,437,000
Amortization of commitment fees and note receivable discounts (867,000) (493,000) (662,000)
Amortization of Lease Incentives 987,000 845,000 387,000
Straight-line rental income (20,411,000) (22,084,000) (22,787,000)
Non-cash interest income on construction loan (3,839,000) (2,204,000) (1,680,000)
Gain on sale of real estate (21,316,000) 0 0
Loss on extinguishment of debt 3,924,000 823,000 738,000
Income (Loss) from Equity Method Investments 3,126,000 0 0
Loan and realty losses (recoveries), net (991,000) (2,440,000) (5,115,000)
Payment of lease incentives (623,000) (3,100,000) (5,280,000)
Share-based compensation 3,061,000 3,646,000 2,490,000
Change in operating assets and liabilities:      
Equity-method investment and other assets 160,000 1,604,000 (5,298,000)
Accounts payable and accrued expenses (6,681,000) 300,000 4,587,000
Deferred income (217,000) 16,796,000 140,000
Net cash provided by operating activities 232,148,000 240,955,000 207,869,000
Cash flows from investing activities:      
Investment in mortgage and other notes receivable (58,356,000) (108,232,000) (106,991,000)
Collection of mortgage and other notes receivable 46,612,000 2,897,000 4,346,000
Investment in real estate (102,712,000) (219,187,000) (131,758,000)
Investment in real estate development (158,000) 0 0
Investment in renovations of existing real estate (13,854,000) (17,999,000) (15,887,000)
Payments to Acquire Equity Method Investments 875,000 0 0
Proceeds from disposition of real estate properties 39,631,000 0 0
Net cash used in investing activities 89,712,000 342,521,000 250,290,000
Cash flows from financing activities:      
Payments on revolving credit facility 205,000,000 397,000,000 306,000,000
Payments on revolving credit facility (207,000,000) (181,000,000) (443,000,000)
Borrowings on term loan 100,000,000 0 300,000,000
Payments of term loans (43,729,000) (1,187,000) (1,144,000)
Payment for Debt Extinguishment or Debt Prepayment Cost (1,619,000) 0 0
Debt issuance costs (1,039,000) (126,000) (2,171,000)
Distributions to noncontrolling interest (748,000) (15,000) 0
Proceeds for noncontrolling interest 13,000 643,000 0
Taxes remitted in relation to employee stock options exercised (2,705,000) (1,559,000) (1,835,000)
Proceeds from equity offering, net 34,649,000 95,774,000 81,784,000
Convertible bond redemption 0 (22,468,000) (29,985,000)
Dividends paid to stockholders (194,584,000) (179,739,000) (165,391,000)
Net cash provided by (used in) financing activities (111,762,000) 107,323,000 44,258,000
Increase (decrease) in cash and cash equivalents 30,674,000 5,757,000 1,837,000
Cash and cash equivalents and restricted cash, beginning of period 15,669,000 9,912,000 8,075,000
Cash and cash equivalents and restricted cash, end of period 46,343,000 15,669,000 9,912,000
Supplemental disclosure of cash flow information:      
Interest paid, net of amounts capitalized 43,406,000 54,027,000 45,882,000
Supplemental schedule of non-cash investing and financing activities:      
Change in straight-line rent receivable related to investments in real estate 0 38,000,000 0
Reclass of note balance into real estate investment 63,220,000 14,000,000 0
Noncontrolling Interest, Noncash Increase from Subsidiary Equity Issuance 10,778,000 0 0
Increase in mortgage note receivable from sale of real estate 4,000,000 0 0
Change in other assets related to investments in real estate 348,000 291,000 0
Change in accounts payable related to investments in real estate construction 0 (1,082,000) 0
Change in accounts payable related to investments in real estate acquisition 0 2,911,000 1,689,000
Change in Accounts Payable, Renovations of existing real estate 784,000 0 0
Change in accounts payable related to distributions to noncontrolling interests 138,000 0 0
Tenant investment in leased asset 0 0 3,775,000
Tenant forfeiture of lease escrow deposit 0 0 10,637,000
Settlement of contingent asset acquisition liability $ 0 $ 0 $ 750,000