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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income $ 14,768 $ 7,586
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,510 3,378
Amortization 2,515 1,707
Amortization from financing and credit facility costs 241 170
Stock-based compensation 629 708
(Gain) loss on sale of assets (4,742) 0
(Increase) decrease in accounts receivable (1,608) (389)
(Increase) decrease in other assets (440) 262
Increase (decrease) in accounts payable (590) 2,202
Increase (decrease) in deferred revenue (173) (116)
Increase (decrease) in accrued interest 461 1,015
Increase (decrease) in tenant deposits 0 10
Net Cash Provided by Operating Activities 15,571 16,533
Cash Flows from Investing Activities    
Acquisition of real estate investments and other assets (53,680) (33,486)
Development of real estate investments and other assets (including capitalized interest of $67 in 2017 and $7 in 2016) (2,937) (6,203)
Payment of leasing costs (389) (39)
Net proceeds from sale of assets 10,182 0
Net Cash Used In Investing Activities (46,824) (39,728)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 150 1,992
Repurchase of common shares (1,095) (703)
Unsecured revolving credit facility borrowings 39,000 42,000
Unsecured revolving credit facility repayments (24,000) 0
Payments of mortgage notes payable (590) (9,300)
Payments of unsecured term loans (179) 0
Dividends paid (12,952) (9,596)
Distributions to non-controlling interest (172) (162)
Payments for financing costs (4) (37)
Net Cash Provided by Financing Activities 158 24,194
Net Increase (Decrease) in Cash and Cash Equivalents (31,095) 999
Cash and Cash Equivalents, beginning of period 33,395 2,712
Cash and Cash Equivalents, end of period 2,300 3,711
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 3,618 2,484
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under equity incentive plans (in dollars) $ 3,648 $ 3,059