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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 72,419 $ 52,739
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,510 44,676
Amortization from above (below) market lease intangibles, net 16,489 10,015
Amortization from financing costs, credit facility costs and debt discount 1,884 948
Stock-based compensation 3,378 2,974
Provision for impairment 1,015 0
Gain (loss) on settlement of interest rate swaps   16,748
(Gain) loss on sale of assets (2,326) (9,712)
Write-off of unamortized financing costs upon debt extinguishment   1,250
(Increase) decrease in accounts receivable (7,794) (9,381)
(Increase) decrease in other assets (951) 2,113
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 5,465 5,576
Net Cash Provided by Operating Activities 150,089 117,946
Cash Flows from Investing Activities    
Acquisition of real estate investments and other assets (799,166) (741,353)
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $262 in 2022 and $163 in 2021) (46,105) (28,748)
Payment of leasing costs (203) (296)
Net proceeds from sale of assets 23,924 35,377
Net Cash Used in Investing Activities (821,550) (735,020)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 550,794 594,980
Repurchase of common shares (1,821) (1,780)
Unsecured revolving credit facility borrowings 680,000 434,000
Unsecured revolving credit facility repayments (470,000) (526,000)
Payments of mortgage notes payable (418) (393)
Payments of unsecured term loans   (240,000)
Proceeds from senior unsecured notes   640,623
Payment of Series A preferred dividends (3,718)  
Payment of common stock dividends (101,018) (102,110)
Distributions to non-controlling interest (478) (582)
Payments for financing costs (23) (1,238)
Net Cash Provided by Financing Activities 653,318 797,500
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow (18,143) 180,426
Cash and cash equivalents and cash held in escrow, beginning of period 45,250 7,955
Cash and cash equivalents and cash held in escrow, end of period 27,107 188,381
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 28,502 18,822
Cash paid for income tax 2,335 1,794
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Lease right of use assets added under new ground leases   6,302
Mortgage note payable assumed, net of $2,548 mortgage debt discount 39,702  
Dividends declared and unpaid 19,385  
Change in accrual of development, construction and other real estate investment costs (341) (1,825)
Preferred Stock [Member]    
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Dividends declared and unpaid 620  
Common Stock [Member]    
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Dividends declared and unpaid $ 18,765 $ 15,029