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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities:      
Net income $ 14,856 $ 17,422 $ 7,045
Adjustments to reconcile net income to cash flow from operating activities:      
Depreciation and amortization 12,721 25,168 22,807
Amortization of deferred financing costs   701 769
Stock compensation expense   1,708 1,404
Gain on sale of assets (12,142) (12,142)  
Amortization related to derivative instruments   231 (57)
Changes in assets and liabilities:      
Other assets   369 (510)
Accounts payable and accrued expenses   2,445 4,192
Accrued interest payable   (27) 174
Other liabilities   225 (127)
Net cash provided by (used in) operating activities   36,100 35,697
Cash flows from investing activities:      
Acquisition of real estate properties   (28,981) (89,547)
Disposition of real estate properties   20,761  
Capital expenditures   (19,932) (15,256)
Cash flow (used in) provided by investing activities   (28,152) (104,803)
Cash flows from financing activities:      
Proceeds from unsecured credit facility and term loans   104,060 99,000
Unsecured credit facility repayments   (79,000) (4,000)
Mortgage principal repayments   (1,987) (1,566)
Payments for deferred financing costs   (984) (9)
Proceeds from issuance of common stock   6,032 456
Distributions on common stock   (32,316) (20,838)
Distributions to noncontrolling interests   (323) (272)
Repurchase of shares related to equity award tax withholding   (635) (337)
Cash flow (used in) provided by financing activities   (5,153) 72,434
Net change in cash and cash equivalents, and restricted cash   2,795 3,328
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 18,840 18,840 17,947
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheet      
Cash and cash equivalents 11,060 11,060 10,896
Restricted cash 7,780 7,780 7,051
Cash and cash equivalents, and restricted cash, end of the period $ 18,840 $ 18,840 $ 17,947