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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 29,836 $ 18,415
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,236 6,992
Amortization 5,492 3,758
Amortization from financing and credit facility costs 486 344
Stock-based compensation 1,173 1,217
(Gain) loss on sale of assets (9,521) (2,718)
(Increase) decrease in accounts receivable (2,783) (2,556)
(Increase) decrease in other assets 324 (189)
Increase (decrease) in accounts payable 444 1,685
Increase (decrease) in deferred revenue (29) (232)
Increase (decrease) in accrued interest 6 (85)
Increase (decrease) in tenant deposits 2 65
Net Cash Provided by Operating Activities 34,666 26,696
Cash Flows from Investing Activities    
Acquisition of real estate investments and other assets (185,573) (185,442)
Development of real estate investments and other assets (including capitalized interest of $154 in 2017 and $14 in 2016) (12,827) (8,139)
Payment of leasing costs (449) (521)
Net proceeds from sale of assets 21,894 7,027
Net Cash Used In Investing Activities (176,955) (187,075)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 107,987 112,077
Repurchase of common shares (1,095) (703)
Unsecured revolving credit facility borrowings 158,000 180,000
Unsecured revolving credit facility repayments (124,000) (100,000)
Payments of mortgage notes payable (1,187) (10,028)
Payments of unsecured term loans (359) 0
Dividends paid (25,930) (19,247)
Distributions to Non-Controlling Interest (344) (323)
Payments for financing costs (5) (74)
Net Cash Provided by Financing Activities 113,067 161,702
Net Increase (Decrease) in Cash and Cash Equivalents (29,222) 1,323
Cash and Cash Equivalents, beginning of period 33,395 2,712
Cash and Cash Equivalents, end of period 4,173 4,035
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 13,822 6,926
Cash paid (refunded) for income tax 1 8
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under equity incentive plans (in dollars) 3,648 3,059
Dividends and limited partners' distributions declared and unpaid $ 14,637 $ 11,513