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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash Flows from Operating Activities              
Net income $ 20,781 $ 18,516 $ 15,756 $ 16,636 $ 58,020 $ 45,460  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 11,897   8,142   32,597 23,949  
Amortization from above (below) lease intangibles, net 3,400   3,000   9,882 7,794  
Amortization from financing and credit facility costs         966 768  
Stock-based compensation         2,972 2,171  
Provision for impairment 0   488   1,609 1,651  
Settlement of interest rate swap         802    
(Gain) loss on sale of assets         (8,973) (10,949)  
(Increase) decrease in accounts receivable         (4,468) (5,122)  
(Increase) decrease in other assets         47 (934)  
Increase (decrease) in accounts payable, accrued expenses, and other liabilities         (4,911) (536)  
Net Cash Provided by Operating Activities         88,543 64,252  
Cash Flows from Investing Activities              
Acquisition of real estate investments and other assets         (568,523) (352,085)  
Development of real estate investments and other assets (including capitalized interest of $321 in 2019 and $381 in 2018)         (13,880) (17,390)  
Payment of leasing costs         (292) (1,191)  
Net proceeds from sale of assets         34,513 60,038  
Net Cash Used in Investing Activities         (548,182) (310,628)  
Cash Flows from Financing Activities              
Proceeds (costs) from common stock offerings, net         276,960 159,604  
Repurchase of common shares         (1,400) (1,142)  
Unsecured revolving credit facility borrowings (repayments), net         229,000    
Payments of mortgage notes payable         (2,650) (26,915)  
Unsecured term loan proceeds           125,000  
Payments of unsecured term loans         (18,543) (571)  
Dividends paid         (66,102) (49,018)  
Distributions to Non-Controlling Interest         (582) (549)  
Payments for financing costs         (217) (568)  
Net Cash Provided by Financing Activities         416,466 205,841  
Net Increase (Decrease) in Cash and Cash Equivalents         (43,173) (40,535)  
Cash and cash equivalents and cash held in escrow, beginning of period   $ 53,975   $ 58,782 53,975 58,782 $ 58,782
Cash and cash equivalents and cash held in escrow, end of period $ 10,802   $ 18,247   10,802 18,247 $ 53,975
Supplemental Disclosure of Cash Flow Information              
Cash paid for interest (net of amounts capitalized)         25,496 18,944  
Cash paid for income tax         754 387  
Supplemental Disclosure of Non-Cash Investing and Financing Activities              
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019         7,505    
Additional operating lease right of use assets added under new ground leases after January 1, 2019         12,167    
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land         (3,059)    
Dividends and limited partners' distributions declared and unpaid         24,353 18,808  
Accrual of development, construction and other real estate investment costs         $ 7,331 $ 4,422