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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 23,766 $ 30,744
Adjustments to reconcile net income (loss) to cash flow from operating activities:    
Depreciation and amortization 15,618 19,162
Amortization of deferred financing costs 878 1,639
Stock compensation expense 1,126 585
Net (gains) losses on sale of assets (15,965) (31,774)
(Gains) losses on extinguishment of debt 572 558
(Gains) losses on TSRE merger   (91)
Changes in assets and liabilities:    
Accounts receivable and other assets (517) (297)
Accounts payable and accrued expenses 2,839 (1,261)
Accrued interest payable (302) (505)
Other liabilities 18 87
Net cash provided by operating activities 28,033 18,847
Cash flows from investing activities:    
Disposition of real estate properties 34,611 39,691
Acquisition of real estate properties (84,417)  
TSRE merger, net of cash acquired   91
Capital expenditures (5,728) (5,429)
(Increase) in restricted cash (172) (1,366)
Cash flow (used in) provided by investing activities (55,706) 32,987
Cash flows from financing activities:    
Proceeds from unsecured credit facility 63,190 93,501
Unsecured credit facility repayments (21,000) (197,666)
Proceeds from mortgages   105,980
Mortgage principal repayments (1,291) (44,229)
Payments for deferred financing costs (1,166) (1,449)
Distributions on common stock (24,887) (16,998)
Distributions to noncontrolling interests (1,036) (1,086)
Payments for tax withholding related to vesting/exercise of equity compensation (758) (137)
Cash flow provided by (used in) financing activities 13,052 (62,084)
Net change in cash and cash equivalents (14,621) (10,250)
Cash and cash equivalents, beginning of period 20,892 38,301
Cash and cash equivalents, end of the period $ 6,271 $ 28,051