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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 2,566 $ 3,500
Adjustments to reconcile net income to cash flow from operating activities:    
Depreciation and amortization 12,447 11,224
Amortization of deferred financing costs 339 444
Stock compensation expense 622 470
Change in fair value of derivative instruments 76 (53)
Changes in assets and liabilities:    
Accounts receivable and other assets 722 829
Accounts payable and accrued expenses (2,607) (633)
Accrued interest payable (37) 124
Other liabilities 76 (67)
Net cash provided by (used in) operating activities 14,204 15,838
Cash flows from investing activities:    
Acquisition of real estate properties (520) (89,297)
Disposition of real estate properties 1,081  
Capital expenditures (8,688) (4,954)
Cash flow (used in) provided by investing activities (8,127) (94,251)
Cash flows from financing activities:    
Proceeds from unsecured credit facility and term loans 64,000 90,000
Unsecured credit facility repayments (58,000) (4,000)
Mortgage principal repayments (907) (736)
Proceeds from issuance of common stock 5,309  
Distributions on common stock (16,208) (5,245)
Distributions to noncontrolling interests (164) (181)
Cash flow provided by (used in) financing activities (5,970) 79,838
Net change in cash and cash equivalents, and restricted cash 107 1,425
Cash and cash equivalents, and restricted cash, beginning of period 16,045 14,619
Cash and cash equivalents, and restricted cash, end of the period 16,152 16,044
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheet    
Cash and cash equivalents 9,030 10,399
Restricted cash $ 7,122 $ 5,645