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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 3,500 $ 4,245
Adjustments to reconcile net income to cash flow from operating activities:    
Depreciation and amortization 11,224 7,607
Amortization of deferred financing costs 444 513
Stock compensation expense 470 481
Net (gains) losses on sale of assets   85
Change in fair value of derivative instruments (53)  
Changes in assets and liabilities:    
Accounts receivable and other assets 829 503
Accounts payable and accrued expenses (633) (1,020)
Accrued interest payable 124 49
Other liabilities (67) (42)
Net cash provided by operating activities 15,838 12,421
Cash flows from investing activities:    
Acquisition of real estate properties (89,297) (28,700)
Capital expenditures (4,954) (2,359)
Cash flow used in investing activities (94,251) (31,059)
Cash flows from financing activities:    
Proceeds from unsecured credit facility and term loan 90,000 22,000
Credit facility repayments 4,000  
Mortgage principal repayments (736) (635)
Distributions on common stock (5,245) (12,498)
Distributions to noncontrolling interests (181) (520)
Repurchase of shares related to equity award tax withholding   (479)
Cash flow provided by financing activities 79,838 7,868
Net change in cash and cash equivalents, and restricted cash 1,425 (10,770)
Cash and cash equivalents, and restricted cash, beginning of period 14,619 26,410
Cash and cash equivalents, and restricted cash, end of the period $ 16,044 $ 15,640