XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 1,055 $ (4,383)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depreciation 27,318 21,537
Amortization of Deferred Financing Costs 875 1,085
Other Amortization 7,787 8,558
Impairment of Real Estate, Net 1,246 (52)
Provision for Bad Debt 227 196
Mark-to-Market Gain on Interest Rate Protection Agreements (124) (44)
(Gain) Loss from Retirement of Debt (1) 1,026
Prepayment Premiums Associated with Retirement of Debt   (446)
Equity in Income of Joint Ventures (91) (36)
Distributions from Joint Venture 27  
Gain on Sale of Real Estate (6,199) (3,804)
Gain on Change in Control of Interests (776)  
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (527) (4,978)
Increase in Deferred Rent Receivable (1,078) (2,547)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 498 (9,730)
Decrease in Restricted Cash   105
Net Cash Provided by Operating Activities 30,237 6,487
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of and Additions to Investment in Real Estate and Lease Costs (28,828) (13,383)
Net Proceeds from Sales of Investments in Real Estate 19,467 17,153
Contributions to and Investments in Joint Ventures (5) (4)
Repayments of Notes Receivable 8,007 8,739
Increase in Lender Escrows   (13)
Net Cash (Used In) Provided by Investing Activities (1,359) 12,492
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt and Equity Issuance Costs (88) (108)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 18,063 100,570
Repurchase and Retirement of Restricted Stock (785) (673)
Preferred Dividends (4,311) (5,379)
Payments on Interest Rate Swap Agreement (280) (194)
Repayments on Mortgage and Other Loans Payable (15,127) (35,084)
Repayments on Senior Unsecured Notes (406)  
Proceeds from Unsecured Credit Facility 38,000 10,000
Repayments on Unsecured Credit Facility (72,000) (100,590)
Net Cash Used in Financing Activities (36,934) (31,458)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents 7 29
Net Decrease in Cash and Cash Equivalents (8,056) (12,479)
Cash and Cash Equivalents, Beginning of Period 10,153 25,963
Cash and Cash Equivalents, End of Period $ 2,104 $ 13,513