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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 68,210,000 $ 58,020,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,067,000 32,597,000
Amortization from above (below) market lease intangibles, net 11,552,000 9,882,000
Amortization from financing and credit facility costs 1,029,000 966,000
Stock-based compensation 3,471,000 2,972,000
Provision for impairment 3,996,000 1,609,000
Settlement of interest rate swaps (23,169,000) 802,000
(Gain) loss on sale of assets (7,567,000) (8,973,000)
(Increase) decrease in accounts receivable (13,484,000) (4,468,000)
(Increase) decrease in other assets (1,364,000) 47,000
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 1,114,000 (4,911,000)
Net Cash Provided by Operating Activities 90,855,000 88,543,000
Cash Flows from Investing Activities    
Acquisition of real estate investments and other assets (964,974,000) (568,523,000)
Development of real estate investments and other assets (including capitalized interest of $109 in 2020, $321 in 2019) (14,343,000) (13,880,000)
Payment of leasing costs (388,000) (292,000)
Net proceeds from sale of assets 45,983,000 34,513,000
Net Cash Used in Investing Activities (933,722,000) (548,182,000)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 629,586,000 276,960,000
Repurchase of common shares (1,637,000) (1,400,000)
Unsecured revolving credit facility borrowings (repayments), net (69,000,000) 229,000,000
Payments of mortgage notes payable (3,474,000) (2,650,000)
Payments of unsecured term loans   (18,543,000)
Senior unsecured notes proceeds 349,745,000  
Dividends paid (83,798,000) (66,102,000)
Distributions to non-controlling interest (615,000) (582,000)
Payments for financing costs (3,867,000) (217,000)
Net Cash Provided by Financing Activities 816,940,000 416,466,000
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow (25,927,000) (43,173,000)
Cash and cash equivalents and cash held in escrow, beginning of period 42,157,000 53,975,000
Cash and cash equivalents and cash held in escrow, end of period 16,230,000 10,802,000
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 25,351,000 25,496,000
Cash paid for income tax 1,137,000 754,000
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   7,505,000
Additional operating lease right of use assets added under new ground leases after January 1, 2019   12,167,000
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land   (3,059,000)
Dividends and limited partners' distributions declared and unpaid 32,522,000 24,353,000
Accrual of development, construction and other real estate investment costs $ 7,665,000 $ 7,331,000