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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (41,718) $ 9,043 $ 13,561
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 126,043 103,282 98,367
Net amortization of above- and below-market leases (1,984) (1,208) (821)
Amortization of deferred financing expense 5,162 4,936 5,084
Vesting of Class B units 24,037 0 0
Amortization of corporate intangible assets 2,900 0 0
Gain on sale of properties and disposal of real estate assets (2,502) (4,356) (190)
Net (gain) loss on write-off of unamortized capitalized leasing commissions, market debt adjustments, and deferred financing expense (237) 317 2,260
Straight-line rent (3,729) (3,512) (4,571)
Other (137) (1,485) (118)
Changes in operating assets and liabilities:      
Accounts receivable – affiliates 3,592 0 0
Other assets (7,992) (9,916) (13,473)
Accounts payable - affiliates (4,350) (865) 4,145
Accounts payable and other liabilities 9,776 6,840 1,829
Net cash provided by operating activities 108,861 103,076 106,073
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions (159,698) (201,111) (91,142)
Acquisition of PELP, net of cash acquired (456,704) 0 0
Capital expenditures (42,146) (26,117) (21,870)
Proceeds from sale of real estate 36,912 0 2,268
Change in restricted cash 887 1,011 (30)
Net cash used in investing activities (620,749) (226,217) (110,774)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in credit facility (115,400) 35,969 (150,700)
Proceeds from mortgages and loans payable 855,000 255,000 400,000
Payments on mortgages and loans payable (83,387) (110,875) (77,324)
Payments of deferred financing expenses (14,892) (3,115) (6,711)
Payments of Ordinary Dividends, Common Stock (74,198) (64,269) (59,387)
Distributions to noncontrolling interests (7,025) (1,724) (1,677)
Repurchases of common stock (46,539) (20,301) (74,469)
Redemption of noncontrolling interest (4,179) 0 0
Net cash provided by financing activities 509,380 90,685 29,732
Net (decrease) increase in cash and cash equivalents (2,508) (32,456) 25,031
CASH AND CASH EQUIVALENTS:      
Beginning of period 8,224 40,680 15,649
End of period 5,716 8,224 40,680
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Cash paid for interest 39,487 29,709 27,583
Fair value of assumed debt from real estate acquisitions 30,831 33,326 34,341
Fair value of assumed debt from the PELP transaction 504,740 0 0
Accrued capital expenditures 2,496 3,256 2,340
Change in offering costs payable to sponsor(s) 0 0 (75)
Change in distributions payable 39 185 (44)
Change in distributions payable - noncontrolling interests 2,100 158 158
Change in accrued share repurchase obligation 618 0 (1,669)
Distributions reinvested 49,126 58,872 63,803
Proceeds from restricted cash due to sale of real estate (35,900) 35,900 0
Utilization of proceeds from restricted cash due to sale of real estate 6,339 0 0
Net restricted cash activity $ (29,561) $ 35,900 $ 0