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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash Flows from Operating Activities          
Net income $ 13,068 $ 15,067 $ 29,704 $ 29,836  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     11,631 9,236  
Amortization     8,931 5,492  
Amortization from financing and credit facility costs     500 486  
Stock-based compensation     1,288 1,173  
Provision for impairment 1,163 0 1,163 0  
(Gain) loss on sale of assets     (7,032) (9,521)  
(Increase) decrease in accounts receivable     (4,143) (2,783)  
(Increase) decrease in other assets     (754) 324  
Increase (decrease) in accounts payable and accrued expenses     (4,354) 444  
Increase (decrease) in deferred revenue     8 (29)  
Increase (decrease) in accrued interest     90 6  
Increase (decrease) in tenant deposits     6 2  
Net Cash Provided by Operating Activities     37,038 34,666  
Cash Flows from Investing Activities          
Acquisition of real estate investments and other assets     (199,608) (185,573)  
Development of real estate investments and other assets (including capitalized interest of $292 in 2018 and $154 in 2017)     (8,818) (12,827)  
Payment of leasing costs     (10) (449)  
Net proceeds from sale of assets     30,385 21,894  
Net Cash Used In Investing Activities     (178,051) (176,955)  
Cash Flows from Financing Activities          
Proceeds/(purchases) from common stock offerings, net     (432) 107,987  
Repurchase of common shares     (1,074) (1,095)  
Unsecured revolving credit facility borrowings     166,000 158,000  
Unsecured revolving credit facility repayments     (14,000) (124,000)  
Payments of mortgage notes payable     (26,267) (1,187)  
Payments of unsecured term loans     (381) (359)  
Dividends paid     (32,260) (25,930)  
Distributions to Non-Controlling Interest     (361) (344)  
Payments for financing costs     (8) (5)  
Net Cash Provided by Financing Activities     91,217 113,067  
Net Increase (Decrease) in Cash and Cash Equivalents     (49,796) (29,222)  
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 $ 8,986 $ 4,173 8,986 4,173 $ 58,782
Supplemental Disclosure of Cash Flow Information          
Cash paid for interest (net of amounts capitalized)     10,842 13,822  
Cash paid (refunded) for income tax     368 254  
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     $ 16,946 $ 14,637