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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 91,972 $ 80,763 $ 58,798
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 66,758 45,703 33,030
Amortization from above (below) market lease intangibles, net 15,885 13,501 10,668
Amortization from financing and credit facility costs 1,444 1,284 1,055
Stock-based compensation 4,702 3,980 2,948
Provision for impairment 4,137 1,609 2,319
Settlement of interest rate swaps (22,668) 788 0
(Gain) loss on sale of assets (8,004) (13,306) (11,180)
(Increase) decrease in accounts receivable (11,983) (6,071) (6,855)
(Increase) decrease in other assets (1,503) (2,150) (463)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 2,216 606 2,927
Net Cash Provided by Operating Activities 142,956 126,707 93,247
Cash Flows from Investing Activities      
Acquisition of real estate investments and other assets (1,326,696) (708,144) (611,129)
Development of real estate investments and other assets (including capitalized interest of $172 in 2020, $410 in 2019, and $448 in 2018) (19,617) (24,428) (21,481)
Payment of leasing costs (1,227) (411) (1,337)
Net proceeds from sale of assets 47,698 65,464 65,830
Net Cash Used in Investing Activities (1,299,842) (667,519) (568,117)
Cash Flows from Financing Activities      
Proceeds from common stock offerings, net 896,118 472,746 339,744
Repurchase of common shares (1,641) (1,406) (1,145)
Unsecured revolving credit facility borrowings (repayments), net 3,000 70,000 5,000
Payments of mortgage notes payable (3,683) (24,404) (27,576)
Unsecured term loan proceeds 0 0 100,000
Payments of unsecured term loans 0 (18,543) (761)
Senior unsecured notes proceeds 349,745 125,000 125,000
Dividends paid (116,112) (90,257) (67,638)
Distributions to non-controlling interest (824) (782) (737)
Payments for financing costs (3,919) (3,360) (1,824)
Net Cash Provided by Financing Activities 1,122,684 528,994 470,063
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow (34,202) (11,818) (4,807)
Cash and cash equivalents and cash held in escrow, beginning of period 42,157 53,975 58,782
Cash and cash equivalents and cash held in escrow, end of period 7,955 42,157 53,975
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest (net of amounts capitalized) 37,710 29,925 23,015
Cash paid for income tax 1,150 666 452
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 0 7,505 0
Additional operating lease right of use assets added under new ground leases after January 1, 2019 1,064 12,167 0
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land 0 (3,059) 0
Dividends and limited partners' distributions declared and unpaid 34,545 25,014 21,031
Accrual of development, construction and other real estate investment costs $ 10,465 $ 4,330 $ 1,768