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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 111,967,000 $ 185,311,000 $ 160,449,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 80,798,000 83,150,000 76,816,000
Amortization 4,354,000 5,392,000 5,117,000
Amortization of commitment fees and note receivable discounts (729,000) (867,000) (493,000)
Amortization of lease inducement 1,026,000 987,000 845,000
Straight-line rental income (14,603,000) (20,411,000) (22,084,000)
Non-cash interest income on construction loan (2,614,000) (3,839,000) (2,204,000)
Gain on sale of real estate (32,498,000) (21,316,000) 0
Loss on extinguishment of debt 1,912,000 3,924,000 823,000
Income (Loss) from Equity Method Investments 1,545,000 3,126,000 0
Loan and realty losses (recoveries), net (52,766,000) (991,000) (2,440,000)
Payment of lease incentives (1,042,000) (623,000) (3,100,000)
Share-based compensation 8,415,000 3,061,000 3,646,000
Change in operating assets and liabilities:      
Equity-method investment and other assets (4,050,000) 160,000 1,604,000
Accounts payable and accrued expenses 3,352,000 (6,681,000) 300,000
Deferred income 260,000 (217,000) 16,796,000
Net cash provided by operating activities 210,859,000 232,148,000 240,955,000
Cash flows from investing activities:      
Investment in mortgage and other notes receivable (72,236,000) (58,356,000) (108,232,000)
Collection of mortgage and other notes receivable 67,790,000 46,612,000 2,897,000
Investment in real estate (46,817,000) (102,712,000) (219,187,000)
Proceeds from disposition of real estate properties 238,864,000 39,631,000 0
Investment in renovations of existing real estate (3,465,000) (13,854,000) (17,999,000)
Investment in real estate development (64,000) (158,000) 0
Payments to Acquire Equity Method Investments 0 (875,000) 0
Proceeds from Equity Method Investment, Distribution 1,205,000 0 0
Net cash used in investing activities (185,277,000) 89,712,000 342,521,000
Cash flows from financing activities:      
Payments on revolving credit facility 95,000,000 205,000,000 397,000,000
Payments on revolving credit facility (393,000,000) (207,000,000) (181,000,000)
Borrowings on term loan 0 100,000,000 0
Payments of term loans (293,316,000) (43,729,000) (1,187,000)
Proceeds from Issuance of Senior Long-term Debt 396,784,000 0 0
Payment for Debt Extinguishment or Debt Prepayment Cost (1,462,000) (1,619,000) 0
Debt issuance costs (5,018,000) (1,039,000) (126,000)
Distributions to noncontrolling interest (910,000) (748,000) (15,000)
Proceeds for noncontrolling interest 0 13,000 643,000
Taxes remitted in relation to employee stock options exercised 0 (2,705,000) (1,559,000)
Proceeds from equity offering, net 47,904,000 34,649,000 95,774,000
Convertible bond redemption (66,076,000) 0 (22,468,000)
Dividends paid to stockholders (182,900,000) (194,584,000) (179,739,000)
Net cash provided by (used in) financing activities (402,994,000) (111,762,000) 107,323,000
Increase (decrease) in cash and cash equivalents (6,858,000) 30,674,000 5,757,000
Cash and cash equivalents and restricted cash, beginning of period 46,343,000 15,669,000 9,912,000
Cash and cash equivalents and restricted cash, end of period 39,485,000 46,343,000 15,669,000
Supplemental disclosure of cash flow information:      
Interest paid, net of amounts capitalized 43,680,000 43,406,000 54,027,000
Supplemental schedule of non-cash investing and financing activities:      
Change in straight-line rent receivable related to investments in real estate 0 0 38,000,000
Reclass of note balance into real estate investment 0 63,220,000 14,000,000
Noncontrolling Interest, Noncash Increase from Subsidiary Equity Issuance 0 10,778,000 0
Increase in mortgage note receivable from sale of real estate 0 4,000,000 0
Change in other assets related to investments in real estate 0 348,000 291,000
Noncash or Part Noncash Acquisition, Other Assets Acquired (33,000)    
Change in accounts payable related to investments in real estate construction (62,000) 0 (1,082,000)
Change in accounts payable related to investments in real estate acquisition 0 0 2,911,000
Change in Accounts Payable, Renovations of existing real estate 0 784,000 0
Change in accounts payable related to distributions to noncontrolling interests $ 64,000 $ 138,000 $ 0