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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 37,238 $ 29,704
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,700 15,806
Amortization from above (below) lease intangibles, net 6,501 4,756
Amortization from financing and credit facility costs 650 500
Stock-based compensation 1,938 1,288
Provision for impairment 1,609 1,163
Settlement of interest rate swap 802  
(Gain) loss on sale of assets (6,376) (7,032)
(Increase) decrease in accounts receivable (3,837) (4,143)
(Increase) decrease in other assets (963) (754)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities (663) (4,250)
Net Cash Provided by Operating Activities 57,599 37,038
Cash Flows from Investing Activities    
Acquisition of real estate investments and other assets (320,930) (199,608)
Development of real estate investments and other assets (including capitalized interest of $203 in 2019 and $292 in 2018) (10,363) (8,818)
Payment of leasing costs (224) (10)
Net proceeds from sale of assets 26,803 30,385
Net Cash Used In Investing Activities (304,714) (178,051)
Cash Flows from Financing Activities    
Proceeds (costs) from common stock offerings, net 244,512 (432)
Repurchase of common shares (1,398) (1,074)
Unsecured revolving credit facility borrowings (repayments), net 35,000 152,000
Payments of mortgage notes payable (1,353) (26,267)
Payments of unsecured term loans (18,543) (381)
Dividends paid (42,180) (32,260)
Distributions to Non-Controlling Interest (386) (361)
Payments for financing costs (83) (8)
Net Cash Provided by Financing Activities 215,569 91,217
Net Increase (Decrease) in Cash and Cash Equivalents (31,546) (49,796)
Cash and cash equivalents and cash held in escrow, beginning of period 53,975 58,782
Cash and cash equivalents and cash held in escrow, end of period 22,429 8,986
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 15,510 10,842
Cash paid for income tax 748 368
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019 7,505  
Additional operating lease right of use assets added under new ground leases after January 1, 2019 12,167  
Dividends and limited partners' distributions declared and unpaid 24,119 16,946
Accrual of development, construction and other real estate investment costs $ 6,588 $ 570