XML 21 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 8,246 $ 35,384
Changes in operating assets and liabilities:    
Depreciation 18,272 20,806
Amortization of Debt Issuance Costs 1,087 1,192
Amortization of commitment fees (120) (131)
Amortization of lease inducements 252 260
Straight-line rental income (1,079) (4,241)
Non-cash interest income on construction loan (880) (700)
Increase (Decrease) in Security Deposits (8,838) 0
Gains (Losses) on Sales of Investment Real Estate (2,981) 0
Income (Loss) from Equity Method Investments (297) 808
Gain (Loss) on Extinguishment of Debt 151 451
Loan and realty losses 24,528 (50)
Payment of Tenant Lease Incentives 0 (1,042)
Share-based compensation 5,083 5,446
Change in operating assets and liabilities:    
Other assets (107) (484)
Accounts payable and accrued expenses (4,252) (735)
Deferred income (385) (52)
Net cash provided by operating activities 38,680 56,912
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (16,350) (8,412)
Collection of mortgage and other notes receivable 988 442
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans 13,170 0
Payments to Renovate Real Estate (165) (1,443)
Payments to Develop Real Estate Assets 0 (8)
Proceeds from Equity Method Investment, Distribution 297 288
Net cash used in investing activities (2,060) (9,133)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 85,000 30,000
Payments on revolving credit facilities 0 (298,000)
Repayments of Long-term Debt (75,098) (100,094)
Proceeds from Issuance of Senior Long-term Debt 0 396,784
Debt issuance costs (4,535) (4,459)
Proceeds from issuance of common shares, net 0 47,951
Payments to Noncontrolling Interests (271) (258)
Dividends paid to stockholders (41,266) (49,818)
Value of shares withheld from options exercised for employee tax withholding (7) 0
Net cash provided by (used in) financing activities (36,177) 22,106
Increase in cash and cash equivalents and restricted cash 443 69,885
Cash and cash equivalents and restricted cash, beginning of period 39,928 116,228
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 12,920 9,674
Supplemental schedule of non-cash investing and financing activities:    
Noncash or Part Noncash Acquisition, Other Assets Acquired (33) 0
Change in accounts payable related to investments in real estate construction 0 (112)
Change in Accounts Payable, Renovations of existing real estate (219) 0
Change in accounts payable related to distributions to noncontrolling interests $ (28) $ (25)