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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities                  
Net income $ 36,830 $ 22,461 $ 30,278 $ 21,416 $ 25,424 $ 21,370 $ 89,570 $ 68,210  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Depreciation and amortization 24,488     17,327     69,164 47,067  
Amortization from above (below) market lease intangibles, net             16,630 11,552  
Amortization from financing and credit facility costs             1,581 1,029  
Stock-based compensation             3,481 3,471  
Provision for impairment 0     2,868     0 3,996  
Gain (loss) on settlement of interest rate swaps             16,748 (23,169)  
(Gain) loss on sale of assets             (13,182) (7,567)  
Write-off of unamortized finance costs upon debt extinguishment             1,250    
(Increase) decrease in accounts receivable             (15,649) (13,484)  
(Increase) decrease in other assets             (1,513) (1,364)  
Increase (decrease) in accounts payable, accrued expenses, and other liabilities             17,887 1,114  
Net Cash Provided by Operating Activities             185,967 90,855  
Cash Flows from Investing Activities                  
Acquisition of real estate investments and other assets             (1,082,860) (964,974)  
Development of real estate investments, net of reimbursements (including capitalized interest of $200 in 2021, $109 in 2020)             (32,730) (14,343)  
Payment of leasing costs             (438) (388)  
Net proceeds from sale of assets             46,831 45,983  
Net Cash Used in Investing Activities             (1,069,197) (933,722)  
Cash Flows from Financing Activities                  
Proceeds from Series A preferred stock offering, net             170,285    
Proceeds from common stock offerings, net             650,859 629,586  
Repurchase of common shares             (1,807) (1,637)  
Unsecured revolving credit facility borrowings (repayments), net             (92,000) (69,000)  
Payments of mortgage notes payable             (594) (3,474)  
Payments of unsecured term loans             (240,000)    
Senior unsecured notes proceeds             640,623 349,745  
Payment of common stock dividends             (147,133) (83,798)  
Distributions to non-controlling interest             (809) (615)  
Payments for financing costs             (1,341) (3,867)  
Net Cash Provided by Financing Activities             978,083 816,940  
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow             94,853 (25,927)  
Cash and cash equivalents and cash held in escrow, beginning of period     $ 7,955     $ 42,157 7,955 42,157 $ 42,157
Cash and cash equivalents and cash held in escrow, end of period 102,808     16,230     102,808 16,230 7,955
Supplemental Disclosure of Cash Flow Information                  
Cash paid for interest (net of amounts capitalized)             30,799 25,351  
Cash paid for income tax             1,794 1,137  
Supplemental Disclosure of Non-Cash Investing and Financing Activities                  
Additional lease right of use assets added under new ground leases after January 1, 2019             6,302    
Series A preferred dividends declared and unpaid 289           289    
Common stock dividends and limited partners' distributions declared and unpaid $ 15,507     $ 32,522     15,507 32,522 $ 34,545
Change in accrual of development, construction and other real estate investment costs             $ (1,731) $ 7,665