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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 16,636 $ 14,768  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 5,676 4,510  
Amortization 4,328 2,515  
Amortization from financing and credit facility costs 267 241  
Stock-based compensation 602 629  
(Gain) loss on sale of assets (4,598) (4,742)  
(Increase) decrease in accounts receivable (2,817) (1,608)  
(Increase) decrease in other assets 82 (440)  
Increase (decrease) in accounts payable and accrued expenses (1,549) (590)  
Increase (decrease) in deferred revenue (127) (173)  
Increase (decrease) in accrued interest (686) 461  
Net Cash Provided by Operating Activities 17,814 15,571  
Cash Flows from Investing Activities      
Acquisition of real estate investments and other assets (99,392) (53,680)  
Development of real estate investments and other assets (including capitalized interest of $144 in 2018 and $67 in 2017) (4,843) (2,937)  
Payment of leasing costs (10) (389)  
Net proceeds from sale of assets 20,044 10,182  
Net Cash Used In Investing Activities (84,201) (46,824)  
Cash Flows from Financing Activities      
Proceeds/(purchases) from common stock offerings, net (93) 150  
Repurchase of common shares (1,074) (1,095)  
Unsecured revolving credit facility borrowings 76,000 39,000  
Unsecured revolving credit facility repayments (14,000) (24,000)  
Payments of mortgage notes payable (25,630) (590)  
Payments of unsecured term loans (190) (179)  
Dividends paid (16,122) (12,952)  
Distributions to Non-Controlling Interest (181) (172)  
Payments for financing costs (1) (4)  
Net Cash Provided by Financing Activities 18,709 158  
Net Increase (Decrease) in Cash and Cash Equivalents (47,678) (31,095)  
Cash and cash equivalents and restricted deposits, beginning of period 58,782 33,395 $ 33,395
Cash and cash equivalents and restricted deposits, end of period 11,104 2,300 $ 58,782
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest (net of amounts capitalized) 6,226 3,618  
Cash paid (refunded) for income tax 324 85  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Shares issued under equity incentive plans (in dollars) 2,396 3,648  
Dividends and limited partners' distributions declared and unpaid $ 16,318 $ 13,151